Thursday, May 28, 2015

Gold Futures Day Trading Strategy Review - Selling the channel on a 2S lower

Gold 512V
Gold has been pushing down all morning in a solid little channel lower that continued to pressure it to new lows.

We came back for a test of the channel high which gave us a gorgeous 2S to hop in on back to ride the down pressure.

This gave us 10 ticks, 12 ticks, and 12 ticks when it started to pull back higher again.

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