Gold Yesterday

I was trading GLD yesterday using options. I was swing trading as well as day trading around my position. You can see that these are 5 minute candles and that the market told me at least three times that the trend was changing to UP, and that it was going to move.


All these markets exhibit very similar signs of their change of trend. It doesn't really matter what periodicity you use as long as you realize that the longer the periodicity, the larger the stop required, as it takes longer to know you are wrong. It's all about identifying the trend and trading the pullback.