COMEX:GC1!   GOLD FUTURES
128 7 4
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!
EliteTrader101
2 years ago
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?
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Prince Kashi EliteTrader101
2 years ago
whats..ur..entry..point..for..sell
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EliteTrader101 Prince Kashi
2 years ago
back to the blue horizontal line for me
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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.
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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 quickly...plus it's much easier to define risk off a trigger.
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EliteTrader101
2 years ago
Totally agree with you about price being an area instead of an exact figure and looking into lower time frames for exact entries.
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OffTheFloorTrader EliteTrader101
2 years ago
The market is not that perfect so it's hard to pick an exact number.
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