Thursday, October 22, 2015

Price Action Trading The Flag Pattern On Gold Futures;

Buying the Flag Pattern Higher on Gold Futures allowed us to pick up 204 ticks this morning!

In today's video we see the Gold Futures in a range with a Flag Pattern pullback ahead of the range high of day.

This gave us an opportunity to buy the early entry and the standard entry up for $2,040 on the trade!

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Price Action Trading is all about knowing the day type and knowing how to trade it at the right place at the right time. We have a range day formation overall with the sellers failing to prove they are interested making a run for the downside and turn the day into a bearish trend leaving the door wide open for the buyers to sweep and in shove price right back up to the highs again on the Flag Pattern Setup!

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