Tip Alert: Gold Long Setup

5-min chart; short time frame
Entry: 1241
Target:1247
Stop: 1237

Tip Alert Result: Stopped Out

This time the Tip Alert experiment for overnight long trade fails, got stopped out. The long awaited breakout for a long move did not worked in our favor and the long consolidation drops hard, it went to the other side. Well that proves that setting stop is really a must to avoid a big loss. We'll take a break for a while.

The idea of introducing a Tip Alert Service was just a snap of a self instant creation. I have a great idea of sharing thoughts through my own market observation, brought about my years of participation in the market and it's just one of those times that sometimes you have to look back and think...hey, why not share something what have you learned? So I just experimented something and my post about Tip Alert just came in a snap, and it's not pre-planned, and that's a good feeling being a market participant for quite a while. And it's a good education too, a continuous learning, and I think and I feel it's a sign of growth and advancement especially this Market Observer is a product of SEU - Self Education University.  

Tip Alert: Overnight Long

Trading the Gold in the overnight (Globex) session. The chart below is on 30-minute frame. Let's see how it works in tonight session

Entry: 12745
Stop: 12719
Target: 12780 (but will monitor as the market in session)

Tip Alert Result: No loss

Tip Alert experiment did not work, no loss, flat. The Gold market stay as it is. Shown is the 15-minute chart. Nothing happens. Anyway, that's how in trading, if the market did not go the way we are trading, that's fine, just make sure, we did not lose. Let's wait the next trading day.

NOTE: Always tune in to my Tip Alert, it will always pop up here, 24/7.

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).