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Ollio's Gold - Supply and Demand

  • #901
  • May 5, 2015 2:35pm May 5, 2015 2:35pm
Chart #8 Post #859 above http://www.forexfactory.com/attachme...2&d=1430854459

Last chart for today ...
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #902
  • Edited 1:08pm May 6, 2015 5:23am | Edited 1:08pm
Wednesday May 6, 2015
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Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #903
  • May 6, 2015 5:27am May 6, 2015 5:27am
Chart #1 Post #903 above

We have no trade setups on any of the timeframes.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #904
  • May 6, 2015 5:58am May 6, 2015 5:58am
Quoting jackeollio
Chart #1 Post #903 above We have no trade setups on any of the timeframes.

Waiting of H8 demand to be breached. But Day demand also very close at 1184.85 so we need to breach that too. No trade.
  • #905
  • May 6, 2015 5:58am May 6, 2015 5:58am
Chart #2 Post #903 above

We have a trade setup on the 4 Hour timeframe.

On the 4 Hour, we have a High and the market is Short below 1192.68. We have a Retracement Level @1192.16.

Your entry is Short at or near 1192.16 with Stop Loss above 1192.68.

Your Take Profit is at or near the Demand level on the 8 Hour timeframe @1187.29.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #906
  • May 6, 2015 6:02am May 6, 2015 6:02am
Thanks jack, was looking down too much, nice setup indeed, if we retrace.
  • #907
  • Edited 6:32am May 6, 2015 6:04am | Edited 6:32am
Quoting airmac
Thanks jack, was looking down too much, nice setup indeed, if we retrace.
Yes, if and only if the market does retrace!

Notice that the market has already come close to 8 Hour Demand and it has failed to breach it having left only 9% of the gap unfilled.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #908
  • May 6, 2015 6:13am May 6, 2015 6:13am
Quoting airmac
{quote} Waiting of H8 demand to be breached. But Day demand also very close at 1184.85 so we need to breach that too. No trade.
Excellent strategy!

At this point, that is exactly the plan and how you should be reading the technical levels using the multiple timeframes provided by the FIA.

The proximity of the Demand levels on other timeframes is also very important to consider.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #909
  • Edited 6:37am May 6, 2015 6:21am | Edited 6:37am
Unlike most other conventional trading methodologies, the FIA (Financial Instrument Analyzer) provides you with optimal entries at minimal risk.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #910
  • May 6, 2015 6:40am May 6, 2015 6:40am
Quoting jackeollio
{quote} Excellent strategy! At this point, that is exactly the plan and how you should be reading the technical levels using the multiple timeframes provided by the FIA. The proximity of the Demand levels on other timeframes is also very important to consider.
i'm short from 1190.50 with a 8 tick s/l. got news at 8:15 and 8:30. Yellen speaks at 9:15, so be careful. moving s/l to BE.
  • #911
  • May 6, 2015 6:42am May 6, 2015 6:42am
Quoting tripr
{quote} i'm short from 1190.50 with a 8 tick s/l.

Good stuff!

I'm assuming this is a short term position (until we get new candlesticks on the 4 Hour and 8 Hour timeframes in about 15 min.).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #912
  • May 6, 2015 6:47am May 6, 2015 6:47am
Quoting jackeollio
{quote} Good stuff! I'm assuming this is a short term position (until we get new candlesticks on the 4 Hour and 8 Hour timeframes in about 15 min.).
indeed it is. i may get stopped out here.
  • #913
  • May 6, 2015 6:48am May 6, 2015 6:48am
Quoting tripr
{quote} indeed it is. i may get stopped out here.
Your preferred entry for this trade would have been as per my Post #906 above (i.e. at or near 1192.16 with Stop Loss above 1192.68).

It would have given you the best possible entry with the lowest probability of being stopped out.

This would have given you a little more wiggle room.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #914
  • May 6, 2015 6:54am May 6, 2015 6:54am
Quoting jackeollio
{quote} Your preferred entry on this trade would have been as per my Post #906 above (i.e. at or near 1192.16 with Stop Loss above 1192.68). This would have given you a little more wiggle room.
true but it turned back down before reaching that area and i've moved my s/l into a few ticks profit so not concerned too much. only 5 or 6 mins. to go until new charts so the whole picture may change.
  • #915
  • May 6, 2015 6:57am May 6, 2015 6:57am
Quoting tripr
{quote} true but it turned back down before reaching that area and i've moved my s/l into a few ticks profit so not concerned too much. only 5 or 6 mins. to go until new charts so the whole picture may change.
I was referring to the first swing high for the retracement which went up to 1192.03 (at least on my MT4 trading platform that which may have been different for you).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #916
  • May 6, 2015 6:58am May 6, 2015 6:58am
Quoting jackeollio
{quote} I was referring to the first swing high for the retracement which went up to 1192.03 (at least on my MT4 trading platform which may have been different for you).
when was that ?
  • #917
  • May 6, 2015 6:59am May 6, 2015 6:59am
Quoting tripr
{quote} when was that ?
It happened at 7:16 precisely on my one minute chart.

The more important point I was making though is that your Stop Loss should have been above 1192.68 regardless of your entry.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #918
  • May 6, 2015 7:05am May 6, 2015 7:05am
do we have a new chart ?
  • #919
  • May 6, 2015 7:07am May 6, 2015 7:07am
Chart #3 Post #903 above


At the moment, we have no trade setups on any of these timeframes.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #920
  • May 6, 2015 7:18am May 6, 2015 7:18am
Quoting jackeollio
Chart #3 Post #903 above At the moment, we have no trade setups on any of these timeframes.
i guess the 8hr has reversed to long now along with the 4hr ? gold is gone baby !
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