Gold Trading Set-Up For Short Entry; 25th April 2013

Gold Trading Set-Up For Short Entry; 25th April 2013

Just a quick post to make you aware of this set-up if you’ve not yet seen it.

As simple as the set-up looks, its worth watching because such trades can deliver significant Risk Versus Reward ratios based around the ability to quickly spot if the trade isn’t going to work out.

Any signs of resistance at the re-test of this falling channel should find sellers. If the trade is entered and price continues straight upwards then its best to cut losses quickly and forget about it. Some of my most profitable trades have come from set-ups like this so even if only 1/3 of them play out, they are still worth taking note of.

Gold hourly 25th April 2013

2 Comments
  • RS2OOO
    Posted at 21:08h, 27 April

    Just a quick note to say I entered the Gold short detailed above. Will post further details over the Weekend.

  • This Week's Swing Trading Round-Up, EUR:USD And Gold Update; 28th April 2013
    Posted at 22:12h, 28 April

    […] on I spotted a brilliant set-up on Gold as detailed in this post. Unfortunately the desired entry level took place in the middle of the night and as I’d not […]