Friday, June 7, 2013

GLD VERY Speculative Long-

I'll probably give this a shot, this is the same as the intraday pullback trades, very speculative, but I think GLD could fill the gap so I'll use a call that's in the money, but as soon as that gap is filled or I get a signal, I'm out of there.

 The 2 min positive today

3 min positive today-that's all we have on the long side to trade, after that there's nothing.

As you saw with the others, like the market's 15 min charts very positive, the GLD 15 min is very negative so a gap fill maybe, but not much more.

VERY SPECULATIVE, but I think it can work if you are nimble.

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