Gold Futures Trading using the Failed Trend Trader system is a great automated trading system for your multi system portfolio as it works in conjunction with the Trend Trader System.
The example in this video is on Gold Futures and a Buy Entry Set up using an 89 share bar on the Failed Trend Trader. We are looking for a minimum move before we can get a set up. A Failed Trend is when price breaks through support and doesn’t go anywhere, we are then looking for the next move before we enter the market which we show you in the video.
The stop loss is normally a few points below our swing low for a buy trade set up. The risk to reward is weighted in the rewards favour as normal procedure for all GMT Futures trading strategies. In this example we risk $60 so the reward is a minimum $180 1:3 risk to reward. A trailing stop can be quite rewarding especially if you are trading multiple Gold Futures contracts. You can have multiple set ups in the Gold Futures market in the one day and in this video we highlight these moves using the Failed Trend Trader System.
The T2 set up is similar and again we give you an example on Gold Futures and it can actually be traded as a natural hedge at the same time as T1 using the same Gold Futures market and in the same session. This is all key components of the Pro Trader Program learning modules and material.
Gold Futures Failed Trend Trading Free Training Video
If you would like more information on the Pro Trader Program and get a better understanding on Gold Futures trading using the Failed Trend Trading System please contact us today to start your day trading career in Forex, Futures and Stocks.
Contact us today to start your day trading career in Forex, Futures and Stocks with the help of our Pro Trader Program including how to use the system on Gold Futures Failed Trend Trader.
Gold Futures YouTube Video on our Channel
Regards, Team GMT Futures
Level 19, Waterfront Place, 1 Eagle Street, Brisbane, QLD, Australia, 4000
Trading involves the risk of loss as well as the potential for profit. Please be advised that any advice provided by Key Equity Education Pty Ltd including this video on Gold Futures Trading is general financial product advice only, and your personal financial circumstances have not been considered in its preparation. Please consult your licensed financial consultant to decide if trading in Securities, Derivatives, & Foreign Exchange is suitable for your personal financial situation.