'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**

Friday, November 22, 2013

Thursday, November 21, 2013

Tip Alert: Gold Overnight Long

Entry: 12432
Stop: 12398
Target: 12525 (will monitor as the session is on-going)
Note: Trying to get long even though the trend is down, but considering the drop already on its fourth consecutive session, I am looking for a reversal, let's see how it goes. In trading nothing is predictable, it's all about probability, and you have to take risk, and this is one example of the risk, but of course with control.

Tip Alert Result: Fails, got stopped

Trade did not worked as planned, got stopped at 1242, just gain 1 point, avoided a loss...

Tip Alert Update

Almost got stopped out, trade is recovering, possible target to 1248...

Tip Alert Update

Will keep the trade as it is, seems it is forming cup with a handle...

Tip Alert Update

Move stop to 1242...(at least to avoid loss)...let's see...analyzing to exit...




Tip Alert Update: Gold Long Setup - Developing