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Ollio's Gold - Supply and Demand

  • #1,261
  • Dec 6, 2016 8:24am Dec 6, 2016 8:24am
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (XAUUSD) 12.6.2016 (Signals on Trading Platform) (3).png Size: 63 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,262
  • Edited 8:43am Dec 6, 2016 8:28am | Edited 8:43am
Using the FIA, the financial markets are extremely easy to understand.

In fact, anyone with a minimum of training and guidance can trade successfully using the FIA.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,263
  • Edited 9:08am Dec 6, 2016 8:53am | Edited 9:08am
On the 4 Hour chart in Post #1,261 above, the market reads as follows:

(1) the market remains Long while above the Long level @1169.20 of the Low signal generated by the FIA at 4:00 on 12/6/2016, and

(2) the market remains Short while below the Short level @1175.96 of the High signal generated by the FIA at 00:00 on 12/6/2016.

Since we have established that we are in a long market on the 4 Hour (see Post #1,257 above), your target take profit would be the Long level @1175.19 of the last High signal on the 4 Hour timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,264
  • Dec 6, 2016 9:07am Dec 6, 2016 9:07am
Quoting jackeollio
Since we have established that we are in a long market on the 4 Hour (see Post #1,257 above), your target take profit would be the Long level @1179.19 of the last High signal on the 4 Hour timeframe.
I think you meant 1175.19 as target price. It was reached on my platform
  • #1,265
  • Dec 6, 2016 9:08am Dec 6, 2016 9:08am
Quoting bubola
{quote} I think you meant 1175.19 as target price. It was reached on my platform
Yes, sorry.

Thank you.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,266
  • Dec 6, 2016 9:12am Dec 6, 2016 9:12am
I guess, by now, hopefully everyone can see how accurately the FIA is able to track the market in either direction.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,267
  • Dec 6, 2016 9:13am Dec 6, 2016 9:13am
But if I understood correctly our previous conversation, you would only use 1175.19 to calculate RR. In reality had we taken the long trade, we'd still be in it, waiting for a high signal on H4 to close the trade, or sl level to be breached.
  • #1,268
  • Dec 6, 2016 9:15am Dec 6, 2016 9:15am
Quoting bubola
But if I understood correctly our previous conversation, you would only use 1175.19 to calculate RR. In reality had we taken the long trade, we'd still be in it, waiting for a high signal on H4 to close the trade, or sl level to be breached.
No, in this particular case, I would not only have used the Long level @1175.19 to determine my RR but also as my take profit level.

Correct, you could also remain in the trade and wait for a new High signal on the 4 Hour timeframe.

Those are the 2 options.

The reason I would have used the former over the latter is because we are in a Short market on a higher timeframe. In such as case, you take your profits on your long trades and you let your short trades run.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,269
  • Dec 6, 2016 9:16am Dec 6, 2016 9:16am
Is that because the higher tf's are close to a short entry, as you mentioned before?
  • #1,270
  • Dec 6, 2016 9:20am Dec 6, 2016 9:20am
Quoting bubola
Is that because the higher tf's are close to a short entry, as you mentioned before?
Correct, being in a short market on a higher timeframe (i.e. Day) suggests we take our profits on our long trades while we let our short trades run.

In other words, we are looking for a Low signal on the Day timeframe to exit our short trades.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,271
  • Dec 6, 2016 9:21am Dec 6, 2016 9:21am
perfectly clear, thank you
  • #1,272
  • Dec 6, 2016 1:13pm Dec 6, 2016 1:13pm
Caution:

Do not short the market yet.

The market - the last 4 hour candlestick - has failed to close below the key market level of 1169.20.

Consequently, the market remains in a Long market cycle. There is a high probability the market will return and close above 1169.20.

The market - the current 4 hour candlestick - must close below 1169.20. If it does, this will indicate a continuation of the 4 Hour Short market and only then will you have a Short entry @1169.20 with a Stop Loss 1170.84 (or slightly above).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,273
  • Dec 6, 2016 1:16pm Dec 6, 2016 1:16pm
Quoting jackeollio
Caution: Do not short the market yet. The market has failed to close below 1169.20 on the 4 Hour timeframe. Consequently, the market remains in a Long market cycle. There is a high probability the market will return and close above 1169.20. The market - the current 4 hour candlestick - must close below 1169.20. If it does, this will indicate a continuation of the 4 Hour Short market and you will then have a Short entry @1169.20 with a Stop Loss 1170.84 (or slightly above).
I guess it would depend on which platform you're using. On mine I have an H4 close at 1168.57
  • #1,274
  • Edited 1:45pm Dec 6, 2016 1:19pm | Edited 1:45pm
Quoting bubola
{quote} I guess it would depend on which platform you're using. On mine I have an H4 close at 1168.57
It is very much possible, however the important one is the one on which the analysis relies upon.

There may be a significant difference in the ask price between your platform and the analysis platform (usually between 0.10 and 0.50).

The Close on the analysis platform for the 4 hour market was 1169.68. In your case it means a price difference of 111 pips.

You need to adjust accordingly to the price difference.

My point being simply to expose the rule.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,275
  • Dec 6, 2016 1:38pm Dec 6, 2016 1:38pm
The chart below shows that the previous 4 hour market did not close below the key market level @1169.20 of the Low signal on the 4 Hour timeframe.

As a result, the market failed to reverse short and so it remains Long.

We must now wait and see if the current 4 hour candlestick will close below 1169.20 to determine if the market will remain long or reverse short.
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (XAUUSD) 12.6.2016 (Signals on Trading Platform) (4).png Size: 62 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,276
  • Dec 6, 2016 3:04pm Dec 6, 2016 3:04pm
Thanks for the dialogue here, guys.
Life is too short to have anything but delusional notions about yourself.
  • #1,277
  • Dec 6, 2016 3:24pm Dec 6, 2016 3:24pm
Quoting hoss
Thanks for the dialogue here, guys.
Good to see you hoss.

Haven't seen you in a long while!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,278
  • Dec 6, 2016 3:28pm Dec 6, 2016 3:28pm
Quoting jackeollio
{quote} Good to see you hoss. Haven't seen you in a long while!

Thank you! Hopefully we can get up to 50 to get a seminar going. Unless we can do it outside of this platform? I'll stay tuned in, in the meantime.
Life is too short to have anything but delusional notions about yourself.
  • #1,279
  • Dec 6, 2016 3:43pm Dec 6, 2016 3:43pm
Quoting hoss
{quote} Thank you! Hopefully we can get up to 50 to get a seminar going. Unless we can do it outside of this platform? I'll stay tuned in, in the meantime.
I don't know that we'll ever be able to get 50 subscribers on FF ... most probably highly unlikely given the typical audience.

The main goal of the audience on FF seems to be becoming good at technical analysis more so than becoming successful as a trader.

In any case, we'll give it a shot. We shall see.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,280
  • Dec 6, 2016 4:05pm Dec 6, 2016 4:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (XAUUSD) 12.6.2016 (Signals on Trading Platform) (5).png Size: 62 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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