The ‘camouflage’  trade set-up detailed here Monday night played out exactly as described, so I’m establishing a tracking position for the further guidance of subscribers who did the trade. The entry signal was tripped at 1204.00 on a small pattern that projected to 1217.30. Assuming half the position was exited at 1204.80 (the midpoint pivot), and an additional 25% at 1217.30, leaves us long a single contract with a profit-adjusted cost basis of 1186.20. For now, tie the position to an ‘impulsive’ stop-loss based on the 15-minute chart. This implies that you should stop yourself out on any weakness that exceeds at least on ‘internal’ and one ‘external’ low without an upward correction. At the moment, that would require an unpaused plunge exceeding 1215.30. I’ve sketched this in the accompanying chart to guide you. Keep in mind that the camouflage entry technique was used, as is our practice, to establish a position with greater potential than the small pattern employed to initiate the trade. In this case, the target of the larger pattern is 1265.70, a Hidden Pivot resistance that comes from the hourly chart, where A=1141.70 on 11/30.

The above trade was headlined on the home page yesterday as “A Possible Trade in Gold for Oz Subscribers”. If you would like to review the explicit instructions that went out to subscribers in the form of  a trading “tout,” you can do so by taking a free two-week trial subscription. Once enrolled, on the home page select GCG15 in the pulldown menu under “All Picks By Issue.” This will bring up the archived tout and the chart that accompanied it.