Live Day Trading Gold Futures 11-14-2016

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Below is the description of a live day trade taken in the Gold futures market on Monday 11-14-2016

The market has been in a bearish mode for serveral days and had reached a known area of support in the early regular trading hours.
There was a dip below that known support area as the market formed very aggressive selling on its new low for the day.
That aggressive selling had no follow through lower as the market stalled in that area and just above where the aggressive selling started.
This was the first clue that the sellers were losing strength.
The market made two attempts to make new lows for the day but failed to do so.
Seller control was relinquished once the market moved above where the aggressive selling started.
A long trade was entered with 4 contracts once aggressive buying entered the market.
The actual entry was taken when the market pulled half-way back into the aggressive buying bar.
The maximum offside on the trade was 4 ticks.
The trade was exited with a limit order for a 3 dollar gain on the first 2 contracts.
The second half of the position (2 contracts) was exited with a sell stop order for a $1.90 profit per contract.
Net profit before commission fees for the four contracts was $980.00

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