Ollio's Gold - Supply and Demand | Page 41 | Metals Mine

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Ollio's Gold - Supply and Demand

  • #801
  • May 1, 2015 8:14am May 1, 2015 8:14am
Quoting tripr
not long. i've been short all morning.
Cool.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #802
  • Edited 8:42am May 1, 2015 8:24am | Edited 8:42am
Until 10:00 UTC-5:00, I expect the market to remain squeezed between 1173.05 and 1169.06.

see Chart #8 Post #791

The 1 Hour timeframe on Chart #8 suggests that 1169.06 is a good level to go Long with a Stop Loss @1168.00. In this case, your Long trade would be a scalp towards 1173.05.

If you were Short, you would consider taking your profit as market approaches this level (i.e. 1169.06).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #803
  • May 1, 2015 8:52am May 1, 2015 8:52am
you should start putting up the crude oil charts too, Jack.
  • #804
  • May 1, 2015 8:55am May 1, 2015 8:55am
Quoting tripr
you should start putting up the crude oil charts too, Jack.
I would love to put up as many instruments as possible but it seems like traders are still struggling with the basic concepts of the application.

So for the moment, I consider it in the best interest of all traders not to post more than one instrument.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #805
  • May 1, 2015 9:13am May 1, 2015 9:13am
Chart #9 Post #791 will be the last chart for the week ending today.


The 2 Hour timeframe indicates that we have a Low and that the market direction is Long above 1168.61.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #806
  • May 1, 2015 9:13am May 1, 2015 9:13am
Hope you all had a great week!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #807
  • May 1, 2015 9:26am May 1, 2015 9:26am
Quoting jackeollio
Hope you all had a great week!
thanks jack, have a great weekend
  • #808
  • Edited 1:12pm May 1, 2015 12:48pm | Edited 1:12pm
Chart #10 Post #791

Well, I just couldn't resist the urge to post one more ...

Notice that Chart #8, Chart #9 and Chart #10 have all posted Lows on different timeframes.

The Day is Long above 1170.58 with a Retracement level @1171.55. In a Long market we Buy the Lows on lower timeframes. Obviously, since the Lows on the lower timeframes were lower than the Retracement level on the Day, you would have chosen to go Long on the Retracement level @1171.55.

In this case, the target is the Short level @1177.86 on the 8 Hour timeframe.

Remember to always consider your Risk Reward Ratio before entering the market.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #809
  • Edited 6:34pm May 3, 2015 5:13pm | Edited 6:34pm
Sunday May 3, 2015
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (03-05-2015) (1).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (03-05-2015) (2).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #810
  • May 3, 2015 6:08pm May 3, 2015 6:08pm
Chart #1 Post #810 above

For the moment, there are no trade setups on these timeframes.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #811
  • May 3, 2015 6:35pm May 3, 2015 6:35pm
Chart #2 Post #810 is an intraday chart.

This second chart is similar to the previous one in that the application has not revealed any trade setups yet.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #812
  • Edited 11:38am May 4, 2015 5:42am | Edited 11:38am
Monday May 4, 2015
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (1).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (2).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (4).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (5).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (7).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (8).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (10).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (04-05-2015) (12).PNG Size: 23 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #813
  • May 4, 2015 5:48am May 4, 2015 5:48am
Quoting jackeollio
Monday May 4, 2015 {image}

Weekly is bearish below 1183.23 targeting 1150.83. H8 short retracement 1183.53, H4 bearish towards 1177.43 retracemrnt 1184.26.

I would took a short but 1180.02 as support on Daily is too close. Waiting 1180.02 be taken out. Jack is that all right?
  • #814
  • Edited 6:00am May 4, 2015 5:50am | Edited 6:00am
Chart #1 Post #813 above

We have a trade setup on the 8 Hour timeframe.

The FIA indicates that the market is Short below 1184.86.

Your entry Short is between the Retracement level @1183.53 and the Short level @1184.86.

Your Stop Loss is above 1184.91 while your Take Profit would be at or below 1180.02.

Note that the market could easily reach the Demand level on the 4 Hour which is @1177.43.

By definition, a Short market means that we expect the market to breach the Demand levels on the lower timeframes.

This trade setup is Valid for one more hour (i.e. until 8:00 UTC-5:00) after which the market will post a new 8 Hour candlestick. We will then wait for a new trade setup.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #815
  • May 4, 2015 5:54am May 4, 2015 5:54am
Yes, only Daily 180.02 stands in a way.
  • #816
  • May 4, 2015 6:20am May 4, 2015 6:20am
I took a short already, cause if you notice Long on Week is 1183.23 as a retracement level.

Risk to reward to 1177 still 1 to 3 so still ok.
  • #817
  • May 4, 2015 6:22am May 4, 2015 6:22am
Quoting airmac
I took a short already, cause if you notice Long on Week is 1183.23 as a retracement level. Risk to reward to 1177 still 1 to 3 so still ok.
nice entry airmac !
  • #818
  • May 4, 2015 6:25am May 4, 2015 6:25am
Quoting airmac
I took a short already, cause if you notice Long on Week is 1183.23 as a retracement level. Risk to reward to 1177 still 1 to 3 so still ok.
First off, the Week does not indicate a Retracement level since it offers NO DIRECTION.

In Post #815 above, I gave you the optimal entry for this trade setup, meaning that this is the one which offers you the best Risk Reward Ratio.

You could very well choose to pre-empt this entry provided you are satisfied with the RRR of your entry.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #819
  • May 4, 2015 6:29am May 4, 2015 6:29am
Quoting jackeollio
{quote} In Post #815 above, I gave you the optimal entry for this trade setup, meaning that this is the one which offers you the best Risk Reward Ratio. You could very well choose to pre-empt this entry provided you are satisfied with the RRR of your entry.
good point Jack, however, you would not be filled on the short though as of yet.
  • #820
  • May 4, 2015 6:29am May 4, 2015 6:29am
thanks jack, let's see if market can reach 1177 in the next 30min, but 1180.02 on the Day is not far

tripr thanks!
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