It’s been a very exciting week so far for gold and SP500 traders as we take advantage of mass crowd behavior. Trading against the masses can be very profitable during certain situations but more times than not it’s a great way to lose money which is why I focus on taking the opposite side of these moves.
This week I decided to do the mid week report in a video format which I think not only saves everyone time but also allows me to get more information over to you. The video shows a low risk gold setup and a low risk SP500 trading setup which I think will open your eyes to some new things.
Last week we took a long position in gold at $1180-85 level buying near the bottom as investors panicked out of their positions. Using market internals, sentiment readings and my own special blend of technical analysis to find these low risk setups which pack a powerful punch when traded correctly.
The chart below shows gold from its bull market in 2009 right through to the current rally, which is making us some decent money. While I am bullish on gold and feel it will eventually reach $1400 per ounce I do think there will be several more opportunities to cash in on gold’s price action as this rally matures… I explain more in the video below.
Gold & SP500 Low Risk Trading Setups
Mid-Week Low Risk Gold & SP500 Trading Conclusion:
I hope you enjoyed the video as I showed you some important trading tools for helping to trade extreme conditions in the market. As my buddy from ActiveTradingPartners.com always says “Buy when they Cry, Sell when the Yell” which is exactly what needs to be done in order to profit from the market month after month.
