Cool.

Ollio's Gold - Supply and Demand

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 ...

Ollio's Gold - Supply and Demand

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.

Ollio's Gold - Supply and Demand

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 ...

Ollio's Gold - Supply and Demand

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.

Ollio's Gold - Supply and Demand

With the proper market analysis tools, trading becomes more of a science rather than a guessing game.

Ollio's Gold - Supply and Demand

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 ...

Ollio's Gold - Supply and Demand

Friday May 1, 2015

Ollio's Gold - Supply and Demand

I have posted one last chart for the day Chart #9 Post #765. The chart is an intraday chart.

Ollio's Gold - Supply and Demand

Good work Alphonso!

Supply and demand in a nutshell by Alfonso Moreno

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.

Ollio's Gold - Supply and Demand

Yet another example of an extremely profitable day using the Financial Instrument Analyzer! Stay tuned for more, much much more!

Ollio's Gold - Supply and Demand

I would choose to close my Short positions (i.e. take my profits) as the market approaches the candlestick Low on the Week timeframe.

Ollio's Gold - Supply and Demand

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.

Ollio's Gold - Supply and Demand

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 ...

Ollio's Gold - Supply and Demand

The move was to be expected as per the Day chart #1 post #765 above which indicated that the market was Bearish towards Demand @1191.38. The first chart was posted at 6:00 this morning and clearly indicated that the market was Bearish.

Ollio's Gold - Supply and Demand

I was just pointing out that we now have a Retracement level on the Day which is rather High so highly unlikely it will be reached. Now look at chart #7.

Ollio's Gold - Supply and Demand

From Chart #6 Post #765 above, you can see how the market direction is Short across all timeframes except the 8 Hour timeframe. Notice the Retracement level on the Day. Immediate Retracement level is indicated on the 4 Hour timeframe (is now ...

Ollio's Gold - Supply and Demand

With my methodology, you should avoid using the words Support and Resistance as they usually are cause for confusion. Market either breaches Supply or Demand, that's pretty much it.

Ollio's Gold - Supply and Demand

Please note that I have posted 2 new charts, charts #4 and #5 in Post #765 above.

Ollio's Gold - Supply and Demand