NEo XAU/USD: March 2015

Monday, 30 March 2015

XAUUSD Daily NEo Wave Plot (31/03/2015)

BLOG HAS BEEN COMPLETED ONE YEAR OF CONSISTANT NEO WAVE POSTING.

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SOON I WILL LAUNCH ONE ANDROID APPLICATION REGARDING NEO WAVE THEORY AS WELL AS MARKET PROFILE STUDY.

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Your suggestions and Feedback are always welcome. neoxauusd@gmail.com
Thank You.
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Last session according to auction theory we witness the Trending Day.Learn more about Trend Day.
And as per NEo Wave Theory we are may be witnessing post pattern implication of zigzag on weekly chart.
Weekly trend is till up. Check Weekly NEo Wave Plot

For today 1196.72/1205.47 are two important resistance levels.
If price breaks weekly supporting levels then i am expecting targets like 1168.43/1159.68 and more.So one can initiate the sell position after breaking weekly supporting levels.
We can see the trendline resistance on hourly chart.(Check seventh chart)

Market Profile::
We have seen the sell of in last session after the price open below the value area of previous session.
Today price opens within the value are of previous session.
In down trend if price opens between value area then one can sell at VAH with the stoploss of
above day before POC and target the return at VAL .
POC-1186.10
VWAP-1184.2
VAH-1191.05
VAL- 1183.13
Previous Days POC-1200.27

Demand-Supply Zone::
We have seen price reversal form weekly supply zone.I will update daily Demand-Supply Zone,If breaks any zone then i will update it on my facebook page.
Demand Zone::1152.74-1147.04
Supply Zone::1219.62-1205.12

Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is below all SAR levels so major weakness is there,Above daily and 4hourly SAR level minor strength will come.
(For SAR level check last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com

For Intraday Update-Facebook
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Thank You.
Happy Disciplined Trading.

Sunday, 29 March 2015

XAUUSD Weekly NEo Wave Plot (30/03/2015)

As per auction theory we witness the Normal Week with some positive bias.Learn more about Normal Day/Week.
As per NEo Wave as i told in my last weekly report we witness the Wave-B and Wave-C of Zigzag.
In last weekly report given targets are achived and price reverse from last weekly Supply Zone.
Check Last Image.
Check Last Weekly Report

NEo Logic For Week:-

In larger pattern we are witnessing Expanding Triangle.
After making high of 1307.47 price fall till last week,Last week made one new low and after that price reversal come.
From the 1307.47 we witness the Double zigzag / Double correction patter.
In last week we witness the Wave-B and Wave-C Of zigzag.
In lower time frame we witness the impulse move.(Check third image)
From the low 1142.67 to 1219.76=77.09 points move is come in zigzag pattern and time consume by this move is two week.
For this week two possibilites are there,Either we will get the post pattern implication of zigzag,This is the most probable scenario,Because we witness the fall in gold price after making weekly high.
And another one possibility is we will get the another corrective pattern.
So how to trade both scenarios,One can buy gold if weekly high is break,Otherwise sell will continue,Till the some weekly support levels given below.

For this week 1190.31/1172.11 are two important supporting levels and i am expecting targets like 1249.20/1267.40 and more.
Below 1170 more pain will come.
One can buy above last weekly high.
Trendline was broken by price,So sell on rise should be recommanded till weekly Supporting levels.

Market Profile::
Weekly::
In weekly chart market Opens within the value area so long at VAL with sl below day before POC and target the return at VAH .
VWAP-1194.022
POC-1199.24
VAH-1207.25
VAL-1184.20

Daily::
Price opens below the previous days Value Area So open the sell trade below VAL add some more at POC with the stoploss of 2tick above VAH
VWAP-1196.02
POC-1200.01
VAH-1202.96
VAL- 1196.91

Weekly Demand-Supply Zone::
Once again last week witness the price reversal from weekly supply zone posted on last weekly report.
Demand Zone::1159.77-1142.11
Supply Zone::1223.09-1204.11
If any zone breaks then i will update on my facebook page.

Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com

Friday, 27 March 2015

Dennis Gartman's Trading Rules

1. Never, under any circumstance add to a losing position.... ever! Nothing more need be said; to do otherwise will eventually and absolutely lead to ruin!

2. Trade like a mercenary guerrilla. We must fight on the winning side and be willing to change sides readily when one side has gained the upper hand.

3. Capital comes in two varieties: Mental and that which is in your pocket or account. Of the two types of capital, the mental is the more important and expensive of the two. Holding to losing positions costs measurable sums of actual capital, but it costs immeasurable sums of mental capital.

4. The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.

5. In bull markets we can only be long or neutral, and in bear markets we can only be short or neutral. That may seem self-evident; it is not, and it is a lesson learned too late by far too many.

6. "Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.

7. Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.

8. Try to trade the first day of a gap, for gaps usually indicate violent new action. We have come to respect "gaps" in our nearly thirty years of watching markets; when they happen (especially in stocks) they are usually very important.

9. Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times," even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it.

10. To trade successfully, think like a fundamentalist; trade like a technician. It is imperative that we understand the fundamentals driving a trade, but also that we understand the market's technicals. When we do, then, and only then, can we or should we, trade.

11. Respect "outside reversals" after extended bull or bear runs. Reversal days on the charts signal the final exhaustion of the bullish or bearish forces that drove the market previously. Respect them, and respect even more "weekly" and "monthly," reversals.

12. Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

13. Respect and embrace the very normal 50-62% retracements that take prices back to major trends.
If a trade is missed, wait patiently for the market to retrace. Far more often than not, retracements happen... just as we are about to give up hope that they shall not.

14. An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.

15. Establish initial positions on strength in bull markets and on weakness in bear markets. The first "addition" should also be added on strength as the market shows the trend to be working. Henceforth, subsequent additions are to be added on retracements.

16. Bear markets are more violent than are bull markets and so also are their retracements.

17. Be patient with winning trades; be enormously impatient with losing trades. Remember it is quite possible to make large sums trading/investing if we are "right" only 30% of the time, as long as our losses are small and our profits are large.

18. The market is the sum total of the wisdom ... and the ignorance...of all of those who deal in it; and we dare not argue with the market's wisdom. If we learn nothing more than this we've learned much indeed.

19. Do more of that which is working and less of that which is not: If a market is strong, buy more; if a market is weak, sell more. New highs are to be bought; new lows sold.

20. The hard trade is the right trade: If it is easy to sell, don't; and if it is easy to buy, don't. Do the trade that is hard to do and that which the crowd finds objectionable. Peter Steidelmeyer taught us this twenty five years ago and it holds truer now than then.

21. There is never one cockroach! This is the "winning" new rule submitted by our friend, Tom Powell.

22. All rules are meant to be broken: The trick is knowing when... and how infrequently this rule may be invoked!

Tuesday, 24 March 2015

XAUUSD Daily NEo Wave Plot (25/03/2015)

Last session we witness some sideways moves in gold price,As per auction theory its Normal Day. First few hours we witness some sideways moves and after that we witenss upside in gold price.
Weekly trend is still up,Check Weekly NEo Wave Plot
We are very near to weekly as well as Daily Supply Zone,Partial profit booking must be done,Fresh long must be above Daily and Weekly Supply Zone.

As per NEo Wave We witness the double zigzag in gold price,Today either we will get another corrective pattern if high broken.And if price is not break last session high then we will get the post pattern implication of double zigzag.Which is 80% of entire pattern.

For today 1195.10 is very important level,One can buy above this level.
We can see the trendline on Daily NEo Wave Chart.(Check First Image) If trendline breaks then we will get the post pattern implication of double zigzag.
Chances of getting post pattern implication is more higher because we are very near to Supply Zone,So sell on rise is recommanded till weekly Demand Zone Breaks closing basis.

Market Profile:-
Hourly::
    POC::1189.61
    VAH::1192.46
    VAL::1186.76

Demand-Supply Zone::
We are very near to weekly Supply Zone,Last time price taken turn from Weekly Demand Zone.
Demand Zone::1200.58-1197.64
Supply Zone::1145.85-1152.74
If any zone breaks then i will update on my facebook page.

Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com

Monday, 23 March 2015

XAUUSD Daily NEo Wave Plot (24/03/2015)

As per auction theory we witness the Normal Day.
First few hours we witness some sideways moves and after that we witness upside move in gold price.
Weekly trend is till up Check Weekly NEo Wave Plot

For today 1172.27/1158.20 are some important supporting levels and i am expecting short term targets like 1206.84/1221.05 and more.
We can see the trendline support in lower time frame NEo Wave chart.(Check Second Image),Below trendline closing basis minor weakness will come.

Market Profile:-
Daily-
    POC-1169.64
VAH-1184.47
VAL-1154.82
Hourly-
   POC-1182.80
   VAH-1186.04
   VAL- 1179.56

Demand-Supply Zone::
We witness the bounce from last weekly demand zone,Daily demand-supply zone is given below,if any zone breaks then i will update it on my facebook page.
Demand Zone::1145.85-1152.74
Supply Zone::1200.58-1197.64
Check Second last chart.

Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com

XAUUSD Weekly NEo Wave Plot (23/03/2015)

As per auction theory we witness the 'Trending Week'.Learn more about Trend Day/Week
As per NEo Wave we witness the upside move after making one weekly low,In last weekly report i have given two levels for buying and selling hope all followers made money in last week.
Last week we have seen the exact price reversal from last weekly Demand Zone.

NEo Logic For Week::

In larger pattern we are witnessing Expanding Triangle.
After making high of 1307.47 price fall till last week,Last week made one new low and after that price reversal come.
From the 1307.47 we witness the Double zigzag / Double correction patter.
In last week we witness the Wave-B and Wave-C Of zigzag.
In lower time frame we witness the zigzag.(Check third image)
For this week there are two possibilities,One is either we will get the post pattern implication of double zigzag and another one possibility is we will witness the another one corrective pattern with Wave-X
Now how to treade this two possiblites ???
If Last weekly low breaks then we can see the second possible scenario,Which leads target below 1110 and more.
And of price is unable to break previous low and if we get the price faster price move in upside then first scenario is applicable.

For this week 1190.40 is very important level,above this level price will move more highers,Which may be the 80% of previous fall from 1307.47.
And if price moves below 1165.20 then minor weakness will come,Below weekly low price will make new short term low.
We can see the trendline support in 4hourly chart.(Check seventh chart ),If trendline breaks on closing basis minor weakness will come ,Otherwise uptrend will continue.

Market Profile::
Daily -
    POC-1158.21
    VAH-1175.26
    VAL-1150.95

Hourly -
    POC-1171.17
    VAH-1180
    VAL-1168.65
(For Daily MP Chart check Fourth Chart and For Hourly Check Fifth Chart)

Weekly Demand-Supply Zone:-
Last week we witness exact price reversal from weekly Demand zone level
Demand Zone::1149.46-1131.67
Supply Zone::1209.34-1196.33
If any zone broken in this week i will update next zone on my facebook page.

Gold price is above some SAR level as well as Pivot levels so minor strength is there.
Gold price is above Daily and 4Hourly SAR level,above Weekly SAR level major strength will come.
(For SAR level check second last image)
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Your Suggestions And Feedback Are Welcome Also You Can Write Any Trading Related Query - neoxauusd@gmail.com

Thursday, 19 March 2015

XAUUSD Daily NEo Wave Plot (19/03/2015)

Last session was Trending Day according to auction theory.Lets Discuss more about Trending Day..

Trend Day
Dynamics There are two types of Trend days: the "standard" Trend day and the Double-Distribution Trend day. The most important feature of a standard Trend day is the high level of directional confidence that is evident throughout the day. The other timeframe buyer or seller remains
in control of the auction process virtually from the day's open to its close. In addition, as a Trend auctions higher or lower, it continues to draw new business into the market, thus creating unidirectional, sustained price movement fueled by higher volume.

Double-Distribution Trend Day
Dynamics The second type of Trend day, the Double-Distribution Trend day, is relatively inactive during the first few hours of the trading session. Market participants possess a low level of conviction, resulting in a narrow base. Later in the session, a change in events causes the other timeframe to perceive price to be unfair at current price levels, enter the market aggressively, and substantially extend the range. This later entry by the other timeframe drives price to a new level, where a second
balance region develops. The Double-Distribution Trend day does not possess the steady confidence of a typical Trend day and must stop and "reassure" itself after a substantial move.
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In last session first few hours we witness some sideways moves and after that we witness the upside move in gold price.
Price exactly bounced from Weekly Demand Zone.

Check Weekly NEo Wave Plot
As per weekly NEo Wave Report price make one new weekly low and then price moves more higher.

For Short term 1182.14 is very important level,Above this level closing basis more upside will come,And till below this level weakness is there.
We can see the trendline resistance near the current market price,Or todays high.(Check First and Fifth Chart)
Till trendline on daily chart broken closing basis,sell on every rise recommanded.

Market Profile-
Daily-
      VAH-1163.33
      VAL-1150.58
      POC-1156.96
Hourly-
Today price open above the VAH and consilidate there and come down.
   VAH-1165.53
   VAL-1145.80
        POC -1150.87

Demand-Supply Zone::
We can see the bounce from Weekly Demand Zone.(Check Second Last chart)
Demand Zone::1149.46-1131.67
Supply Zone:: 1209.34-1196.33
If any zone broken in this week i will update next zone on my facebook page.

Gold price is below all SAR level as well as Pivot levels so major weakness is there.
Gold price is Below all SAR levels so major weakness is there,above Daily and 4Hourly SAR level minor strength may come.
(For SAR level check last image)
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