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Ollio's Gold - Supply and Demand

  • #781
  • Apr 30, 2015 8:24am Apr 30, 2015 8:24am
Quoting airmac
{quote} On the new picture, is target now the low of the week, which is supply now? Or we wait that the low of the day is broken so we proceed to the low of the week?
That is correct!

The target is now the candlestick Low on the Week timeframe which is currently @1278.24.

(1) if the market fails to make a new Low below this level, we should expect the Week to retrace to the upside.

(2) if the market does succeed at making a new candlestick Low on the Week timeframe, we should expect the market to remain Short for the rest of the week.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #782
  • Apr 30, 2015 8:35am Apr 30, 2015 8:35am
Quoting jackeollio
{quote} That is correct! The target is now the candlestick Low on the Week timeframe which is currently @1278.24. (1) if the market fails to make a new Low below this level, we should expect the Week to retrace to the upside. (2) if the market does succeed at making a new candlestick Low on the Week timeframe, we should expect the market to remain Short for the rest of the week.
that was awesome risk to reward so why be greedy right? Here are decision to be made based on experience I guess
  • #783
  • Apr 30, 2015 8:44am Apr 30, 2015 8:44am
Quoting airmac
{quote} that was awesome risk to reward so why be greedy right? Here are decision to be made based on experience I guess
Knowing that scenario (1) in Post #782 is the most likely scenario of the two, I would choose to take my profit on the Short side as the market approaches the candlestick Low on the Week.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #784
  • Apr 30, 2015 8:48am Apr 30, 2015 8:48am
Quoting jackeollio
{quote} Knowing that scenario (1) in Post #782 is the most likely scenario of the two, I would choose to take my profit on the Short side as the market approaches the candlestick Low on the Week.
What do you mean on "the Short side" ?
  • #785
  • Apr 30, 2015 8:50am Apr 30, 2015 8:50am
Quoting airmac
{quote} What do you mean on "the Short side" ?
I would choose to close my Short positions (i.e. take my profits) as the market approaches the candlestick Low on the Week timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #786
  • Apr 30, 2015 9:18am Apr 30, 2015 9:18am
Quoting jackeollio
{quote} I would choose to close my Short positions (i.e. take my profits) as the market approaches the candlestick Low on the Week timeframe.
thank you, great day!
  • #787
  • Apr 30, 2015 9:39am Apr 30, 2015 9:39am
Quoting airmac
{quote} thank you, great day!
Yet another example of an extremely profitable day using the Financial Instrument Analyzer!

Stay tuned for more, much much more!

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #788
  • Apr 30, 2015 12:32pm Apr 30, 2015 12:32pm
Chart #8 Post #765

We need to watch the Retracement level on the Day @1189.28. The Day remains Short below 1203.70.

Market will be expected to reach that level only if the market breaches Supply on the 4 Hour @1184.66.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #789
  • Apr 30, 2015 5:07pm Apr 30, 2015 5:07pm
I have posted one last chart for the day Chart #9 Post #765.

The chart is an intraday chart.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #790
  • Edited 12:46pm May 1, 2015 5:09am | Edited 12:46pm
Friday May 1, 2015
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (1).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (2).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (3).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (4).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (5).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (6).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (7).PNG Size: 24 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (8).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (9).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (01-05-2015) (10).PNG Size: 24 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #791
  • May 1, 2015 6:41am May 1, 2015 6:41am
Quoting jackeollio
Friday May 1, 2015 {image} {image} {image}

So, the day is bullish to 1191.24, H8 probably soon to be long, more likely for me given that H4 is long, H2 very narrow levels, so wait
  • #792
  • Edited 6:57am May 1, 2015 6:41am | Edited 6:57am
Chart #2 and Chart #3 in Post #791 above reveal a key technical level.

The 2 Hour timeframe has reversed @1181.88 going from Long to Short.

I expect the market to remain squeezed between the 2 Hour Long level @1180.79 and the 4 Hour Short level @1179.41.

Being Short below 1180.79 and Long above 1179.41.

Note that the market will post new candlesticks in 12 min.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #793
  • Edited 8:14am May 1, 2015 7:04am | Edited 8:14am
With the proper market analysis tools, trading becomes more of a science rather than a guessing game.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #794
  • May 1, 2015 7:18am May 1, 2015 7:18am
Chart #6 Post #791 above

Notice how the 8 Hour is now Long above 1176.71 and aligns with the Day which is Bullish above 1176.85 towards 1188.76.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #795
  • May 1, 2015 7:18am May 1, 2015 7:18am
are you making a call, Jack ?
  • #796
  • Edited 7:38am May 1, 2015 7:23am | Edited 7:38am
Quoting tripr
are you making a call, Jack ?
A call, I don't know.

What I see on the 8 Hour timeframe is that the market is Long above 1176.71 which means that you should be looking at buying opportunities.

In this particular case you would be buying between 1177.66 and 1176.71 with your Stop Loss below 1176.34 and your target near Supply on the Day @1188.76.

Keep in mind that the 4 Hour is Short and therefore maintains bearish pressure while the instrument remains below 1179.87.

That was Short and Sweet!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #797
  • May 1, 2015 7:40am May 1, 2015 7:40am
Quoting jackeollio
{quote} A call, I don't know. What I see on the 8 Hour timeframe is that the market is Long above 1176.71 which means that you should be looking at buying opportunities. In this particular case you would be buying between 1177.66 and 1176.71 with your Stop Loss below 1176.34 and your target near Supply on the Day @1188.76. Keep in mind that the 4 Hour is Short and therefore maintains bearish pressure while the instrument remains below 1179.87. That was Short and Sweet!

did you take a trade Jack ?
  • #798
  • May 1, 2015 7:41am May 1, 2015 7:41am
Yes, I did!

I went in Long @1177.89 and was gracefully stopped out @1176.34 (1176.25 with slippage) ...

As you can see, a very small risk for a good potential reward.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #799
  • May 1, 2015 7:57am May 1, 2015 7:57am
Chart #7 Post #791 reads as follows:

(1) on the Week, the market is Short below 1210.28 with a Retracement level @1191.17,

(2) on the Day, the market is Long above 1170.58 with a Retracement @1171.55,

(3) on the 8 Hour, the market is Neutral between the Short level @1177.66 and the Long level @1170.44. The market returns momentarily Long above 1177.66 and momentarily Short below 1170.44,

(4) on the 4 Hour, the market is Neutral between the Short level @1179.63 and the Long level @1172.24. The market returns momentarily Long above 1179.63 and momentarily Short below 1172.24.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #800
  • May 1, 2015 8:13am May 1, 2015 8:13am
not long. i've been short all morning.
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