Superior Profit
Gold miner to buy today?

GFI.

Giving a Go WIth Flow trend following long set up as of 2:30 PM EST.

Valuation is optimal. The Gold Mining industry is being stronger. Technically, it has a low-risk buy point.

GFI chart 2018-10-02_14-29-00.jpg  GFI Edge 2018-10-02_14-27-07.jpg  GFI vital 2018-10-02_14-28-33.jpg 
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Superior Profit
By the end of the day, GFI closed with an upper tail (marked with point 1 on the chart below). At the same time, gold ETF (GLD) also ended the day with an upper tail and failed to break out above Memory resistance. That would also trigger caution on the GFI long trade opportunity.

Following CUE guideline, traders would not enter the trade. Instead, wait for next day and look for entry opportunity using Fine Tune chart (e.g. with Early Range Breakout technique). However, that opportunity did not come on the next day and the trade idea will be scratched.

Note that if one entered the trade in spite of the long upper tail, the trade is still on. It has a narrow stop loss level and the stop has not triggered yet. Profit target has also not been reached.

gfi chart 2018-10-06_0-12-37.jpg 
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Superior Profit
GFI long idea using CUE analysis was shared on 2nd Oct. If one was holding it, the CUE Protection stop level was never hit. And today, it has given enough profit relative to risk. CUE traders would book at least partial profit.


GFI PnL 2018-10-11_15-48-09.jpg 
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