GLD short, at resistance

Identify Price action:
1. Sideways; Find: Support and Resistance
2. pre-support became resistance
3. ABC pattern

Short Entry 180
Stop 181 -- For stock, $1 stop is very easy to be triggered.
Target 175; reward:risk=5:1
Target 170; reward:risk=10:1

Use Option to play this Game.

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İşlem aktif:

Option trade: BuytoOpen Oct P177, limit 0.94; 11 days left
No Stop; Gamble with high Reward Risk Ratio.

İşlem aktif:

GLD price down to 177.8
Sell offset P174 Limit 0.74 -- to reduce initial risk, and deduct timing value
Current P177/174, risk 0.2 for 3.

İşlem elle kapatılmış:

close Limit 0.3. small winner.