We struck gold near the end of this session with a camouflage entry that perfectly caught a breakout in the Comex December contract. With bullion in the throes of a lackluster uptrend, we had been looking for a low-risk way to get long. Luck was with us when the one-minute chart produced a timely opportunity too juicy to pass up. Using a three-tick stop-loss to enter at point ‘X’ with the trend, we were never seriously challenged. The futures eventually surpassed the midpoint resistance and got within three ticks of the ‘D’ target. In the end, this was a great way to get long the December Comex and make a few bucks even if the futures go nowhere.
