Gold proxy

I was away from my computer for the entire trading day and of course gold did the move that was to have been the setup to get into the trade. As a result I took the trade smaller than planned a little past the entry.

I used IAU as a proxy for gold futures or CFDs. It is cheap, under $15, so I can buy enough to let me feel comfortable with the smaller break-even move.

I did have trouble figuring out the correlation to the pricec of gold and decide to let the relative price action dictate the final entry. I may take an additional position tomorrow if there is a small pullback.

Off to bed for now, it's been a long day.

Jeff