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  • #4,881
  • Mar 27, 2014 7:34am Mar 27, 2014 7:34am
US GDP numbers below mark, +ve Gold
Unemployment Claims below mark -ve Gold

But since GDP is quarterly event it has more weight, so Gold should lift upside , lets see if 1306 break or not, if yes then 1342 on cards
  • #4,882
  • Mar 27, 2014 7:40am Mar 27, 2014 7:40am
Thanks for the answer Noob and Zaghlouol...
I think they need to break 1296.5 first
  • #4,883
  • Mar 27, 2014 7:43am Mar 27, 2014 7:43am
Possibly nice price to add shorts IMO.
To live a successful life, we must lose our fear of being wrong
  • #4,884
  • Mar 27, 2014 8:01am Mar 27, 2014 8:01am
Quoting GoldenGunner
{quote} Thanks jack, I've been watching your levels, they seem to be quite accurate. I'll be watching this 1289 level to see if we get a bounce or alternatively a drop to 1274. The 1289 level also corresponds with a fib level on my charts, so we'll see if it can act as support. I'm locked in, so whatever happens I'm good for now.

On my latest 8 Hour chart, you can now see that we have a Low (Grey colored area).

Therefore, my 8 Hour chart indicates the following :

1) Bulls rule (weak) for the next 8 hours (unless both Demand levels below are breached),

2) new Demand level is i) 1292.23 & ii) 1291.37

On my Daily chart, we have an initial Supply level @1297.46 and a second Supply level @1298.83. Should the market breach both of these levels, we will have a Low on the Daily chart.

Lastly and accordingly, my Monthly chart suggests the Demand level @1289.43 is likely to remain intact for today.
Attached Image
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,885
  • Mar 27, 2014 8:11am Mar 27, 2014 8:11am
Quoting jackeollio
{quote} On my latest 8 Hour chart, you can now see that we have a Low (Grey colored area). Therefore, my 8 Hour chart indicates the following : 1) Bulls rule (weak) for the next 8 hours (unless both Demand levels below are breached), 2) new Demand level is i) 1292.23 & ii) 1291.37 On my Daily chart, we have an initial Supply level @1297.46 and a second Supply level @1298.83. Should the market breach both of these levels, we will have a Low on the Daily chart. Lastly and accordingly, my Monthly chart suggests the Demand level @1289.43 is likely to...
since both supply has already been breached are you saying we are on an upturn? If you could be so kind to explain its pretty cool your call was on the mark.
  • #4,886
  • Mar 27, 2014 8:17am Mar 27, 2014 8:17am
Quoting jackeollio
{quote} On my latest 8 Hour chart, you can now see that we have a Low (Grey colored area). Therefore, my 8 Hour chart indicates the following : 1) Bulls rule (weak) for the next 8 hours (unless both Demand levels below are breached), 2) new Demand level is i) 1292.23 & ii) 1291.37 On my Daily chart, we have an initial Supply level @1297.46 and a second Supply level @1298.83. Should the market breach both of these levels, we will have a Low on the Daily chart. Lastly and accordingly, my Monthly chart suggests the Demand level @1289.43 is likely to...
your calculation look interesting, i don't have idea how you pick the data.
  • #4,887
  • Mar 27, 2014 8:22am Mar 27, 2014 8:22am
Quoting Lohi
{quote} since both supply has already been breached are you saying we are on an upturn? If you could be so kind to explain its pretty cool your call was on the mark.
I don't know what the High is on your 8 Hour chart but on mine it sits @1298.26.

Therefore the market has not yet breached the second Supply level indicated above which is @1298.83.

Although the next 8 hours is a Bull market, my CAUTION to all is that it is looking relatively weak given Supply levels on the Higher timeframe.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,888
  • Mar 27, 2014 8:26am Mar 27, 2014 8:26am
On my chart the move went up to 1299.81
  • #4,889
  • Mar 27, 2014 8:31am Mar 27, 2014 8:31am
Hello Nitsan, If the daily Close above SMA 200 @1397 & 4H Hour Candle Close above 300SMA @ 1305 we will see bull?? Sorry for asking im still learning your way...
  • #4,890
  • Mar 27, 2014 8:31am Mar 27, 2014 8:31am
Quoting Noob Trader
US GDP numbers below mark, +ve Gold Unemployment Claims below mark -ve Gold But since GDP is quarterly event it has more weight, so Gold should lift upside , lets see if 1306 break or not, if yes then 1342 on cards
At least 1316 should be closed at the end of week for further target 134x. If not lower than 1306 we will see 128x, imo
  • #4,891
  • Mar 27, 2014 8:48am Mar 27, 2014 8:48am
Quoting jackeollio
{quote} I don't know what the High is on your 8 Hour chart but on mine it sits @1298.26. Therefore the market has not yet breached the second Supply level indicated above which is @1298.83. Although the next 8 hours is a Bull market, my CAUTION to all is that it is looking relatively weak given Supply levels on the Higher timeframe. Cheers.
Hi,It's an interesting analysis of your program. The simple question is, how do we implement it on our platforms?Tks
  • #4,892
  • Mar 27, 2014 9:03am Mar 27, 2014 9:03am
The range of the daily bars has been thin since yesterday, if there's no improvement in the range before the close of the day then tomorrow would most definitely be a ranging day prequel to the expected uptrend which most likely should be witnessed early next week.
Less is more...
  • #4,893
  • Mar 27, 2014 9:14am Mar 27, 2014 9:14am
shorts opened at 1298.xx .. i have a very funny feeling about this position .. hhahahahhaha
A trade should be based on an assumption based on facts
  • #4,894
  • Mar 27, 2014 9:24am Mar 27, 2014 9:24am
Quoting Mave
shorts opened at 1298.xx .. i have a very funny feeling about this position .. hhahahahhaha
IMO, this pair will go down even further, even bad usd data can't push it up too far and now it's going down again.
  • #4,895
  • Mar 27, 2014 9:31am Mar 27, 2014 9:31am
Quoting richtrader
{quote} IMO, this pair will go down even further, even bad usd data can't push it up too far and now it's going down again.
i don't know man. i was watching the 1M charts, started laughing and opened a short. can't stop.
A trade should be based on an assumption based on facts
  • #4,896
  • Mar 27, 2014 9:34am Mar 27, 2014 9:34am
For those of you who are wondering, my charts now look like this ...
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 27-03-2014 (25-3).PNG Size: 16 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,897
  • Mar 27, 2014 9:35am Mar 27, 2014 9:35am
Quoting Mave
{quote} i don't know man. i was watching the 1M charts, started laughing and opened a short. can't stop.
I like your attitude..., some people ready to hang themselves up when mistaken...., keep smiling and be happy it's not the end of the world...
  • #4,898
  • Mar 27, 2014 9:36am Mar 27, 2014 9:36am
Quoting Landline
{quote} Hi,It's an interesting analysis of your program. The simple question is, how do we implement it on our platforms?Tks
I'm not really interested in selling anything at all.

But thanks for your interest !!!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,899
  • Mar 27, 2014 9:39am Mar 27, 2014 9:39am
Quoting medvic
{quote} I like your attitude..., some people ready to hang themselves up when mistaken...., keep smiling and be happy it's not the end of the world...
Cheers!
A trade should be based on an assumption based on facts
  • #4,900
  • Mar 27, 2014 9:42am Mar 27, 2014 9:42am
Quoting jackeollio
For those of you who are wondering, my charts now look like this ... {image}
That means for 4h and 8h demand has overcome supply? Are we bound for a ranging market today?
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