August 18, 2010: Panning for Gold on the 3-Minute Chart

Because there was a large audience on board for this morning’s session, we looked especially hard for real-time trading opportunities. Although there were no magical trades to be found in the E-Mini S&Ps, the December Gold contract turned out to be….well, a gold mine. We were able to identify one entry spot in particular that followed an important rule of camouflage trading: Trust the Force – meaning, don’t hesitate to jump on the very first northbound ABC that has followed a possible swing low. Incidentally, one person in the room said he profited on a mildly promising trade in the E-Mini that we’d identified in real time. You’ll see it in this video — and hear our reason (though not his) for getting cold feet.