Monday, September 28, 2015

Price Action Trading The Wedge Breakout On Gold Futures;

Selling the wedge breakdown on the Gold Futures allowed us to pick up a gorgeous 106 ticks this morning!

In today's video we see the Gold Futures getting pummeled in the overnight session leading into a wedge breakdown rinse and repeat  setup.

This gave us an opportunity to sell the trap high into the breakdown for $1,060 on the trade!

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Price Action Trading is learning how to read the markets and let THEM tell you when to get into the move. This was a great example of that where we had a rinse and repeat of the wedge pattern leading into a breakdown with  a trap high triggering us into the move!

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