Tuesday, March 10, 2015

Price Action Trading The Channel On The Gold Futures; SchoolOfTrade.com



Buying the low dip of the EMA after sellers completely fall apart at the channel allowed us to bank a solid 144 ticks this morning!

In today's video we see Gold overextending higher and pulling back to the EMA for a test and bounce.

This gave us an opportunity to buy the bounce back up for $1,440 in solid profits on the ride back to the highs!




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Channels are by far my favorite chart pattern and you can use them in SO many different ways, even when they start to break a bit! The versatility alone makes it so you almost HAVE to pay attention to them through the day.


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