Overnight Gold 'Digging'

Gold was on the upswing the past few days and was able to make a decent trade Friday in the overnight (early) session. Entered at the 1260 area (lower arrow) and exited at the upper arrow because of that 'dangerous' bar (is that a gravestone? or what?, whatever, but that's not a good sign bar). Also was closely paying attention with the levels (S/R), and the way it pulls back (rectangular area), and the % retracement, the ema/ma's formation, in that way I can have an idea how to formed my 'triangle' trade, that's my 'patented' trade idea. My 'patented' triangle trade idea just came through my years of observation in trading the market (or through 'losing' in the market, if I may say, because in trading you learned by losing, isn't it?), so through my engineering ingenuity, and through my own experimentation, I find my 'patented' triangle trade works...below is just one of the example...

Crude's 'Irrationalistiscm'...

Crude was also on the watch list of this trade observer, but this 15 minute chart from Crude in today's market is one example of market's 'irrationalistiscm'. I place a trade within the pointed arrow and put a stop price within the 50% retracement from the green long bar (horizontal arrow), but got stopped out. It drops so hard and got hit hard (like a falling knife). My mistake is putting a late trade, I could have place an overnight trade (which I usually do), but this one is a product of my own irrationalistic behavior/action from the irrationalistic market behavior, it so happen I acted at the wrong time at the wrong side of the market.

Tip Alert: Stopped Out

Long trade entry got stopped out.

Tip Alert: Long Gold

Entry: 1255
Stop: 1251
Target: 1262
Note: First alert for 2014 trades. Holiday by tomorrow, but putting a long entry at 1255, let's see how it goes.