'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

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 Result: Flat

Overnight Gold trade resulted just in flat...

Tip Alert Update

Trade still in the works...

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...