COMEX:GC1!   Gold Futures
Target one is in the bag for this nice GC1!             trade. We have pulled stops down and now have a "free" trade. PLEASE review our past posts to see how this setup. There are about 3-6 "great" trade opportunities a year in Gold             ( GC1!             ) and this is one of them. If you manage these opportunities well then you don't need more than 3-6. Trade well!
Totally agree with you about price being an area instead of an exact figure and looking into lower time frames for exact entries.
OffTheFloorTrader EliteTrader101
The market is not that perfect so it's hard to pick an exact number.
Prince Kashi...focus less on an exact entry point. Look for an area, per my comment above, and then look for a trigger to get you into the trade. It's a higher probability trade with defined risk. If you are looking for a number than price could blow through your entry and take you out it's much easier to define risk off a trigger.
We will add positions once a pull target is hit and the short time frame triggers us in. Our target on this pull back is 1270-1275 area. Drop down to a lower time frame and wait for trigger. Our rules for adding is keep the stops tighter on the add-ons.
I missed the short so now i have to wait for the pullback. Are you adding back your shorts when we get back up to the edge?
Prince Kashi EliteTrader101
EliteTrader101 Prince Kashi
back to the blue horizontal line for me
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