Oct. 28, 2009 Tutorial: Seeking Intraday Gold

We began the session looking at an E-Mini S&P downtrend that had fallen overnight to within two ticks of a “high-confidence” target. Our search for a camouflaged entry to add excitement to the morning proved less successful, however, since there were no clear impulse legs in sight on the lesser charts. We then considered December Gold’s immediate prospects, coming away with a bearish target that subsequently went unachieved. This telegraphed the buying power that was to surface the following day. (Please note: There is electronic distortion in the background of this recording, but it can be mitigated by listening on low volume.)