OBSERVE & TRADE: TIP ALERT SERVICE (GOLD FUTURES)

OBSERVE & TRADE: TIP ALERT SERVICE (GOLD FUTURES)

Introducing from this humble Market Observer a different kind of (very unique) Trade Alert Service that will help traders, especially the new ones - and the market instrument is exclusive only for Gold Futures market.

This is a very unique kind of service that will help Gold traders add input/idea to make/place/put a trade. Very simple, not much indicators, no level price (S/R) determination - to avoid confusion, all purely 'pattern' observation, but with adherence to strict discipline. That means, NO 'EDGE' OBSERVATION, NO ACTION (NO EDGE, NO TRADE: TO AVOID OVERTRADING, COMMISSION COSTS, AND OF COURSE, NO LOSS).

So how this going to work, very easy and simple. I will provide my own simple way of observing the Gold market the way I trade and will update/post here (right on time): right here on this blog itself, no log-in, no password, no other site to 'click', no gimmick, no signing up, no blah...blah...blah...PURELY TIP ALERT... AT NO COST... REPEAT AT NO COST... BUT... THERE IS A BIG BUT... WHAT IS THAT?

WELL, THE ONLY CONDITION IS THIS, IF THE TIP ALERT SERVICE MATERIALIZES, YOU JUST DONATE A DOLLAR ($1.00) FROM THE DONATE BUTTON RIGHT BELOW ON THIS BLOG, YES, JUST A DOLLAR! IF IT DID NOT MATERIALIZE, NO NEED TO DONATE, KEEP YOUR DOLLAR. AND IT'S UP TO YOU TO DONATE OR NOT, EVEN IF IT MATERIALIZES, I DON'T MIND, THAT'S FINE!

BUT IT DOESN'T MEAN YOU HAVE TO FOLLOW EXACTLY THE TIP ALERT AS IT IS, YOU HAVE THE DISCRETION TO DECIDE, BUT THE TIP ALERT I AM GOING TO POST IS MY REAL TRADE, IT'S UP TO TRADERS TO FOLLOW.

THIS IS JUST FOR HONEST TO GOODNESS KIND OF SHARING IDEAS AND KNOWLEDGE SERVICE!

SO LET'S TRADE ON!

Tip Alert: Possible Long For Gold

Shown is the 15-minute chart of Gold, triangle formed, possible long.

Possible Entry: 1275
Target Exit: 1281
Stop: 1272
Note: Let see if it will work (experimenting for Tip Alert trade update)

Gold Short Trade Setup

Good timing to short the market today, for it's the first day of the week, participants are not that inclined to rally the market. Nice timing if you can enter short at the 'push-up' as shown from the upper red arrow and exit (cover) at the support (lower arrow).

Just for the info...

Though I have been involved in the market as a trader, it doesn't mean I don't believe in 'confounding interest', so just to show my investment philosophy in the long term, I am showing my small investment from this firm (as shown below), hoping I can share something.

Also, I might lessen my market participation in the coming months or so for I need to balance my involvement in the market for I sense that too much (or deep connection) participation is not that quite good on my part, so I am planning to accept a new challenge to my previous endeavor as an Electrical Engineer, I am inclined to accept an offer as a 'Quality Control Specialist' in a cable company here in Anaheim, California, it manufactures large quantity of low voltage cable that supplies globally. So it's a new challenge for me and I will give it a good shot. At least, I have some diversion from the market, I can balance myself.

Friday's Gold Trade Setup

Friday's market was slow, and was not that inclined to put (a trade) nor participate but the price action and some recognition of the pattern in the Gold last Friday's session 'urge' me to place a small trade and test the market. First entry was a failure and got stopped for my stop was too close/tight. Did not bother to place another trade for it seems the market was not that favorable. After some few hours of watching the market action, decided to place one more try for I am quite positive with my conviction that there is this pattern that is emerging that might turn into a good setup. The overnight session formed a deep cup (or a 'w' like), and a 'triangle' like formation (as shown) led me to place a small trade. I'm actually anticipating a cup with a handle formation here, but it fails. Maybe by Monday's session the handle will materialize, let's see.

Entry:   12863; 9:35 am.
Exit:     12892; 11:02 am.
Gain:    29 points x $10 = $290.00
Note:   Able to recover the first loss of 10 points ($100)


(below is copy of real trade)
Order Book Filled
Snapshot 15 Nov 2013 9:05:15 AM

Buy/Sell Volume Fills Submit Time Time Account Market
Sell 1\1 1@12892 11:02:29.842 AM 11:02:29.855 AM traderdg1 SIM:Gold Dec13
Buy 1\1 1@12863 9:35:06.006 AM 9:35:06.105 AM traderdg1 SIM:Gold Dec13
Sell 1\1 1@12859 7:49:18.090 AM 9:25:07.217 AM traderdg1 SIM:Gold Dec13
Buy 1\1 1@12868 7:48:12.706 AM 7:48:17.430 AM traderdg1 SIM:Gold Dec13

Addendum: My decision to exit at the upper arrow was because of that 'indecision' bar, and the price action from this area at that time is not convincing from my standpoint. Other than that, the level of resistance is noticeable.

Overnight Trade Setup From Gold

As they said from Japanese words, making money is like digging (in) a sand with a pin ( a needle? or words to that effect), so to make money in trading you need to do something like this trade setup from Gold in the overnight session. You need to stay awake to be a Gold 'digger', in this kind of market or trading business, as an ordinary participant where your own advantage is your observation against the well capitalized/well equipped/brightest market participants, all you have to do is to snipe when they are out. Most of the time you can't beat them, but with patience like that 'words' from the 'arigatus', you can still outsmart them!

Short Trade Setup From Gold

Gold was indecisive from the overnight session only to drop hard late into the market closing. It formed an 'h' pattern like, as Jamie from the Wall Street Warrior always posted from his blog. I wonder what's going on with Jamie these past months, I haven't seen any new post. Anyhow, this 'classic' pattern from Gold today is one of his favorite trade setup.