Oct 27th, 2007 by Trader-8
GFI PB’ed to confluence. the daily looks good, the weekly reflects a BO from triangle upper TL, although the TL is subjective. support is under 17. the ABC 1:1 extension is 23.71; the 1.382 extension is 26+, but i believe we get to the 1.618 extension, which coincides with the high volume pivot on weekly. thats 50% from here.
entry +/-18
stop 16.98
risk +/-1
target 23.70
R/R 5:1
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saw support at 17.95; 18.05 & 18.10. placed buy order at 17.96 and i was out - LOD - 17.97
- no fill. FED day tomorrow, so i may wait.
still no entry. almost played the little bounce earlier, but its FED day tomorrow, so ill give up some potential reward to offset the risk. gold miners dont usually act well rolling into FED announcement.
having to work alot and will be that way foir at least two weeks.
got filled at 17.39 yesterday. not perfect entry, but i was out when it filled. gonna happen.
sold some 19.12