How to trade today’s sell-off in gold?
Gold grabbed a lot of attention when it sold off today. Is it time to buy and what is the setup?
Gold grabbed a lot of attention when it sold off today. Is it time to buy and what is the setup?
Lots to discuss from gold’s sell off, how to prepare for each day’s trading, as well as the patterns in the NQ, ES, and YM.
Zone of resistance on ADBE… trail up your stops or be ready to possibly sit through a pullback.
Tonight we’re looking at two names I’d like to begin building long positions in. You could argue I’m buying the highs, but I think the last 6 months are a prelude to what the next 6 look like, and I’m willing to give these ideas some time to work.
Monday’s action was a testament to the trading plan I use and the stance I’ve had on the market for months. I had a few picks that were slow today, but ultimately these are the setups that continue to work best for me.
Most of my daytrading hinges on the ranges the market sets in the first 30 and 60-minutes of the day.
Trading the “open” is very similar whether it be the Asian, European/UK, or US session. The levels that are established in the early part of the session are the setup.
We had a nice bullish move this week to give us the best week we have had in 3 months. What is driving us, and what can we expect?