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  • #4,641
  • Mar 25, 2014 9:26am Mar 25, 2014 9:26am
If this bounce continues, I'm looking at 1322 as a possible upside target.
  • #4,642
  • Mar 25, 2014 9:28am Mar 25, 2014 9:28am
I should have added the following note to my previous post:

On my 8 hour chart, Supply has overcome Demand which suggest the 8 Hour High @1315.53 will remain intact.


Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #4,643
  • Mar 25, 2014 9:31am Mar 25, 2014 9:31am
Quoting lapras
{quote} I think he meant counting bullish and bearish signals. Like first close above 300 SMA is bearish. Third touch of trendline from below is bearish too. So we have counted 2xbearish and 0xbullish. (just example). But unfortunatelly I do not know what means 'counting distances'? regards lapras
If you want to get more into counting distances... I would recomend reading Technical Analysis of the Financial Markets by John Murphy.... He goes into some basic calculations that are probabilities for a variety of patterns. If you start going into measure patterns with Fibbonacci math.. well, I think that might take a little bit more patience. However, once you have an idea of which fibonacci numbers work best with which patterns and which financial instrument that you are trading.. I think it can be helpful.

I hope that helps.
Luck has no place in trading. Leave that for the poker table.
  • #4,644
  • Mar 25, 2014 9:32am Mar 25, 2014 9:32am
Quoting masbro134
{quote} Dear Sir, According to your system what is the time frame to reach 1300, is it before the end of NY session or it will hang around till tomorrow? Thank you
I can know that price will come from here to there but to know how mutch time its will take I know only in certain cases

Now in the gold I dont know.

Quoting jackeollio
{quote} Hi Nitsan, On my Daily chart, Demand has overcome Supply which suggests that the current Low on the Day @1305.27 will NOT be breached. Unless the market penetrates the zone between 1306.03 and 1304.18 the market will not make a new Low today. Nonetheless, cheers for your excellent work!

May surprise me and not fall, it's also logical that up from here becuse touch sma300 weekly plus pivot point weekly...
Lets see what will happent
  • #4,645
  • Mar 25, 2014 9:36am Mar 25, 2014 9:36am
Quoting Pair-me-up
{quote} If you want to get more into counting distances... I would recomend reading Technical Analysis of the Financial Markets by John Murphy.... He goes into some basic calculations that are probabilities for a variety of patterns. If you start going into measure patterns with Fibbonacci math.. well, I think that might take a little bit more patience. However, once you have an idea of which fibonacci numbers work best with which patterns and which financial instrument that you are trading.. I think it can be helpful. I hope that helps.
thank you for your info!
  • #4,646
  • Mar 25, 2014 9:40am Mar 25, 2014 9:40am
The trade of the day....

Nas100 short from sma300 15min...

That was easy....DJ30 was nice candle patterm....and was there 6shorts vs 2long....

I add you this so you can learn ...

There was there fibo level +ab=cd +pivot point +sma300 +candle patterm....very very good...I make very nice profit on it

S&P500 and DJ30 was also help ,,,I say "The trade of the day." becuse its was perfect!!
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  • #4,647
  • Mar 25, 2014 9:44am Mar 25, 2014 9:44am
It is probably going for the neck or as near as possible to, it might even nick it, if it dares:
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  • #4,648
  • Mar 25, 2014 9:48am Mar 25, 2014 9:48am
Quoting Nitsan_Levi
{quote} I can know that price will come from here to there but to know how mutch time its will take I know only in certain cases Now in the gold I dont know. {quote} May surprise me and not fall, it's also logical that up from here becuse touch sma300 weekly plus pivot point weekly... Lets see what will happent
Hi Nitsan, am a relative newbie at gold. been reading ur posts and like ur analysis. i shorted at 1312.8. any hope for me or should i get out now??? thnx
  • #4,649
  • Mar 25, 2014 9:49am Mar 25, 2014 9:49am
Quoting Nitsan_Levi
The trade of the day.... Nas100 short from sma300 15min... That was easy....DJ30 was nice candle patterm....and was there 6shorts vs 2long.... I add you this so you can learn ... There was there fibo level +ab=cd +pivot point +sma300 +candle patterm....very very good...I make very nice profit on it S&P500 and DJ30 was also help ,,,I say "The trade of the day." becuse its was perfect!! {image}
I have problem with Pivot point on PowerCharts (NetDania). Does anybody know what Period parameter means?
Maybe days? So If I want to have weekly pivot Period should be 7?

thank you!
lapras
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  • #4,650
  • Mar 25, 2014 9:50am Mar 25, 2014 9:50am
Quoting jackeollio
I should have added the following note to my previous post: On my 8 hour chart, Supply has overcome Demand which suggest the 8 Hour High @1315.53 will remain intact. Cheers.
You sound like a very interesting person, can you tell us about yourself fella? Like your experience or any such thing that describes your skillsets?
Hello World!
  • #4,651
  • Mar 25, 2014 9:52am Mar 25, 2014 9:52am
Quoting Nitsan_Levi
The trade of the day.... Nas100 short from sma300 15min... That was easy....DJ30 was nice candle patterm....and was there 6shorts vs 2long.... I add you this so you can learn ... There was there fibo level +ab=cd +pivot point +sma300 +candle patterm....very very good...I make very nice profit on it S&P500 and DJ30 was also help ,,,I say "The trade of the day." becuse its was perfect!! {image}
Do you think nas 100 dropped because of ab=cd sma300 etc or because these was a crystal clear supply?
  • #4,652
  • Mar 25, 2014 9:54am Mar 25, 2014 9:54am
I don't see price falling before London high has been taken out, by how much I'm not sure....
  • #4,653
  • Mar 25, 2014 9:55am Mar 25, 2014 9:55am
Quoting timos
{quote} Do you think nas 100 dropped because of ab=cd sma300 etc or because these was a crystal clear supply?

I think nas 100 dropped because of ab=cd sma300 etc

I tell you all of the tools that I use was there...fit toghter at that point and I dont see its happent every day.

Pro trader sell there and other close them long...

And its continu to fall
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  • #4,654
  • Mar 25, 2014 9:59am Mar 25, 2014 9:59am
Quoting lapras
{quote} I have problem with Pivot point on PowerCharts (NetDania). Does anybody know what Period parameter means? Maybe days? So If I want to have weekly pivot Period should be 7? thank you! lapras {image}
you shold put there "24" but I suggest you install ava trader ...open demo ... and use the pivot there...
  • #4,655
  • Mar 25, 2014 10:03am Mar 25, 2014 10:03am
Quoting Closure
{quote} Hi Nitsan, am a relative newbie at gold. been reading ur posts and like ur analysis. i shorted at 1312.8. any hope for me or should i get out now??? thnx
Yes there is hope I am also still hold my short...and I wait to 1300...
  • #4,656
  • Mar 25, 2014 10:03am Mar 25, 2014 10:03am
Quoting Nitsan_Levi
The trade of the day.... Nas100 short from sma300 15min... That was easy....DJ30 was nice candle patterm....and was there 6shorts vs 2long.... I add you this so you can learn ... There was there fibo level +ab=cd +pivot point +sma300 +candle patterm....very very good...I make very nice profit on it S&P500 and DJ30 was also help ,,,I say "The trade of the day." becuse its was perfect!! {image}
Nitsan, about the pattern in yellow square, what is it: red, blue, red, blue, blue -> so next is red?
Or maybe bearish engulfing?
thanks lapras
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  • #4,657
  • Mar 25, 2014 10:05am Mar 25, 2014 10:05am
Quoting Nitsan_Levi
{quote} I think nas 100 dropped because of ab=cd sma300 etc I tell you all of the tools that I use was there...fit toghter at that point and I dont see its happent every day. Pro trader sell there and other close them long... And its continu to fall {image}
Cool,as long as it works for you but for me that was a clear supply zone.If you check similar price action zones will see that almost the same thing happens all the time.

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  • #4,658
  • Mar 25, 2014 10:10am Mar 25, 2014 10:10am
Quoting Nitsan_Levi
{quote} Yes there is hope I am also still hold my short...and I wait to 1300...
thnx
  • #4,659
  • Mar 25, 2014 10:10am Mar 25, 2014 10:10am
Quoting lapras
{quote} Nitsan, about the pattern in yellow square, what is it: red, blue, red, blue, blue -> so next is red? Or maybe bearish engulfing? thanks lapras {image}
Yes but only if there more tools


Quoting timos
{quote} Cool,as long as it works for you but for me that was a clear supply zone.If you check similar price action zones will see that almost the same thing happens all the time. {image}
I took hundreds and thousands of similar trades, I do not use "supply zone".
For me that was another very good Gartley pattem plus all my tools.

GL HF
  • #4,660
  • Mar 25, 2014 10:15am Mar 25, 2014 10:15am
Hanging man on H4.
Short for me.

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