[New Alert] MDA SnapShot - 60/240 Min Gold Sell Zone, 1/17/18

The post [New Alert] MDA SnapShot 60/240 Min Gold Sell Zone, 1/17/18 appeared first on Daniels Trading.

February Gold 60/240 Minute Sell Zone

Source: MDA/TAS/dtPro

Breakdown of Todays Update

Published 1/17/17 9:30 am central:

Traders,

For those who attended the Free MDA Weekly Webinar receiveda great in-depthanalysis of this Gold market, as well as other key markets today. Specifically, the British Pound buy, that I will be sharing later.

The Gold market has been on a great Bullish trend across longer time frames, and we have been able to highlight and trade portions of those. Position traders using TAS signals have been rewarded on a great long trade.

We are now at a point where we could see some bearish levels be broken and lead to us to a quick move lower. Have a look at the chart below to see the 60/240 bottom level that is in play. If we break and close below this we could see us trade lower towards the high volume zone highlighted on the chart.

Feel free to get short at your discretion but I would look for the bottom zone to be breached to initiate this trade, but there is a good argument for being short @ 1337 or better. (previous boxes).

DO NOT MISS Grow 2018: A Technical Traders Workshop: Click Here for Details

REMINDER Webinars:

Make sure to sign up for myLIVE MDA SnapShot Webinar every Wednesday.You will be able to see all of these tools in real time, as well as, the markets and time frames you want to watch with instant analysis. Even if you cannot attendlive, sign up, as you will get a recast email of the event.

  • WEBINAR Sign Up: https://www.danielstrading.com/webinar/mda-snapshot-pre-market-chart-analysis
  • Webinar Recasts:https://www.danielstrading.com/mda/recasts

Background

Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could beexecutedby traders who are following the MDA SnapShotupdates.

If you would like to follow these trading alerts in real-time and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm.

To get these updates sent directly to your inbox, please SUBSCRIBE Below.

Contact me directly @ 800-958-9571 or via email: apawielski@danielstrading.com

Twitter @MDA_SnapShot

SUBSCRIBE: (Copy Paste into Browser):http://buff.ly/1KHifiZ

Below the updates, you will see the original charts showing buy/sell zones

Market Dimensions Advisory

Subscribe to Market Dimensions Advisory

Market Dimensions Advisory Get Inside the Mind of Commodity Market Professional Andrew Pawielski! The Market Dimensions Advisory leverages Andrews own live trading and a career of working directly with professional traders, commercial clients and institutional business. This deep understanding combined with countless hours of technical market analysis have made Andrew proficient with trading execution and the trading process.

Market Dimensions Advisory includes an email newsletter subscription.

Subscribe to Market Dimensions Advisory
Learn More

Market Action Scanner

The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!

Register Now

Contact Daniels Trading

To open an account or request more information, contact us at (800) 800-3840 or info@danielstrading.com and mention .

Risk Disclosure

STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.

THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.

This material is conveyed as a solicitation for entering into a derivatives transaction.

This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.

You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.

About Andrew Pawielski

Since 2007, Andrew has been a series 3 registered Senior Futures and Options Broker with Daniels Trading. During this decade plus tenure, Andrew has worked with traders in all different strategies, capital sizes and experience levels throughout the world.

Having this professional brokerage experience and being a futures market participant led Andrew to found the educational trading service Market Dimensions Advisory (MDA). MDA showcases Andrews expert technical trading analysis using the TAS MarketProfile tools and other highly regarded volume and order-flow based trading indicators. This professional trading service is a compilation of all Andrews trading experiences, concepts, methodologies and real-time trading ideas.

It is Andrews goal to empower traders, and through his services, move them from fear to familiarity through frequency.