mljones

Potential for 1538 day trading

Long
mljones Updated   
COMEX:GC1!   Gold Futures
GC is the symbol I am most interested in today, looking like has a fib extension to 1538. It gapped up and this could be a 3rd wave. It also has potential to close near the high. Looking to buy pullbacks at fib levels.
Comment:
Had what actually were two good entries at 1530.8, 1530.2 but managed them very badly. Ended up with a tiny loss before the 10:50 pop.

GC has actually been producing good lunch time and afternoon entries recently so it is still my main focus today. Looking for it to consolidate and will keep an eye on it for another entry. There will probably basically be one good entry during the rest of the day so it's a matter of patience.
Comment:
30 min IB isn't holding support so it's becoming less likely this is a day where it will close at an extreme. Becoming a lot less interested in gc for today, looking at other things on other time frames
Comment:
Have my eye on this pitchfork, it could tag the lower trend line without turning this green day red, so that might something worth watching for. Still not really stoked about it since it would unlikely to be at a day fib which is one of my requirements for trading the afternoon.

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