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