Tuesday, April 7, 2015

Price Action Trading the Channel on the Gold Futures; SchoolOfTrade.com

Buying the projected channel lows this morning allowed us to bank a gorgeous move higher and 76 ticks to boot!

In today's video we see Gold forming a possible bull channel with sellers completely falling apart.

This gave us an opportunity to buy the lows and put away a beautiful $760 on the trade!

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This trade just goes to show you that it doesn't matter how you find the channel, when price tells you it is holding it, just trade it! What a beautiful example of a more discretionary way to find the channel and still make BIG profits off it!

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