4-1-08 : Tonite's GS trade setup

There's again 3 possible directions GS price can move. But we only trade 2 paths.
1 path is too risky to trade.

Path 1 : Price drop directly to 200. Dont trade this one.

Path 2 : Price rebound to 205,then down again. short @ 204.50. Cut @ 206.50. Cover @ 200.50. R:R = 1:2

Path 3 : Price break 206 up. We long @ 206. Cover @ 205. Profit @ 209. R:R = 1:3

15min
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