Hi Folks.

For the last week or so I've been telling you about Gold trading using a MACD with unusual settings, along with a second indicator you can use for entries, exits and reentries (if you're brave enough).

Several of you wrote in to tell me you got into the first trade after the second indicator gave you an entry, and most of you exited with anywhere from 100-220 pips.  Today, around 8 a.m. eastern we got a reversal signal, and I was sitting right here in front of my platform when it happened, so I got into this one.  I exited a couple of hours ago at +100, because we are moving into a Friday and I have no intention of keeping trades open into a weekend.  Plus, +100 seemed to be a nice exit point (and looking at the charts, price has finally started moving up after about 11 straight red 1H candles).

There are two reasons this method works so well with gold (actually, there are probably 5 or 6, but these are the main two).

First, even though gold is sticking inside about a $60 range, it is making consistent $10-25 moves up and down within that range.  That works out to 100-250 pips, with mini lot values being $1 a pip and full lot values $10 a pip.  You don't need a lot of 100 pip winners to really make decent money trading gold, no matter your lot size.

But the other reason this works so well is right now, at this point in history, traders and general investors are absolutely terrified by the way current events keep springing up, and they are moving into and out of gold at an amazing rate.  For instance, the first trade everyone got into actually triggered late Friday afternoon, before any of them were aware of the indicator setup.  The secondary indicator gave a great entry on Monday, but price just sort of meandered up without making any sort of serious gains.

Enter President Trump on Wednesday, saying we would be lobbing missles at the Russians and Syrians (and Iranians, Turks, and anyone else in the neighborhood) forthwith.  People rushed into Gold and we saw prices go from 1330 to 1365 in about 8 hours.

Then at 2 p.m. the Fed announced (through the minutes of their previous meeting) that inflation was right on track where way they wanted it, and investors calmed down a bit and gold retreated this morning to the point where we got our sell signal.

Soon after, President Trump indicated that lobbing shells into the Middle East probably wasn't going to happen any time soon, and people who poured everything they had into Gold pulled it out (sold) and we saw a nice $10 drop over the course of today.

I say all that to say this:  The events of the last 48 hours are not in any way unique.  It seems like every other day a new event or issue arises that causes fear in the trading/investing populace, and Gold takes off up the charts like a rocket.  A day or so later, everyone calms down and price retreats.  Knowing this, and having the tools and a plan in place to capture as much of those moves as you can, is how you start trading mini-lots in the Spring and end up trading full lots in the Summer.  

If you want to get in on this while the price is still a ridiculous $39, go to http://fxscalpingacademy.com/spring2018 and pick up the webinar and the indicators before I pull this down and turn it into a product for my affiliates to sell at 4-5x the price.

Jeff