Fed ‘news’ sent gold into spasms, but there was no confusion for us even though we had two possible targets to bottom-fish: Symmetry settled the issue. In the E-Mini S&P, we considered some lows made less tradable because they coincided with prior lows. The one-minute chart didn’t give us enough information to squeeze off camouflage trade, so we dropped down to the tick chart, where the action is more frenetic but almost always rewarding. Finally, we discussed some ways to find entry spots where we would not be plagued by competition.
