Friday’s trades
GCJ7 Feb, 3, 2017. 30-minute bars.
Sell level: 1231.50-1228.50
Keyline: 1214.50-1216.50
Buy Level: 1207.50-1208.50
Nat’s Buy entry for gold futures was as close to perfect as these things get.
Her entry was $1207.50-$1208.50 and the market made a low for the day at $1208.30 — just enough for traders who placed orders early to get filled.
The subsequent move to the Keyline returned about $700 per contract; traders who held the trade to the end of the day made about $1200 per contract.
Note the smash down at the opening of the day session, followed by a very strong rally in the morning session. A second decline (roughly to a Fibonacci level) was also followed by a rally.
Today’s workbook
[gview file=”https://www.naturus.com/wp-content/uploads/2017/02/170206daily-trading-worksheet-Gold.pdf”]