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Ollio's Gold - Supply and Demand

  • #21
  • Apr 8, 2014 11:22am Apr 8, 2014 11:22am
Quoting Polaris4dy
{quote} Hi Jack, nice call today!May I know what is the difference between trader level and supply demand level though?Also, on the 4H chart, the range for supply demand and trader level is higher than 8H chart, how can I interpret this? Price seems likely to invalidate the 8H levels

Market levels of Supply and Demand indicate the following:

1) Supply is the price at which Suppliers are likely to start increasing Supply in order to meet Demand,

2) Demand is the price at which Buyers are likely to start increasing Demand in order to meet Supply.


Similarly, market levels Short and Long indicate the following :

1) Short is the price below which Traders are likely to Sell the instrument, or price above which Traders are likely to Buy the instrument,

2) Long is the price above which Traders are likely to Buy the instrument, or price below which Traders are likely to Sell the instrument.

Hope this answers your question for the moment at least until you have had an opportunity to attend the webinar.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #22
  • Apr 8, 2014 11:29am Apr 8, 2014 11:29am
Quoting jackeollio
{quote} Market levels of Supply and Demand indicate the following: 1) Supply is the price at which Suppliers are likely to start increasing Supply in order to meet Demand, 2) Demand is the price at which Buyers are likely to start increasing Demand in order to meet Supply. Similarly, market levels Short and Long indicate the following : 1) Short is the price below which Traders are likely to Sell the instrument, or price above which Traders are likely to Buy the instrument, 2) Long is the price above which Traders are likely to Buy the instrument,...
got it absolutely but just on thing on the above chart the the figures of demand and supply are only available in weekly chart why not in 4h 8h or daily? thanx
  • #23
  • Apr 8, 2014 11:41am Apr 8, 2014 11:41am
Quoting amansuri1
{quote} got it absolutely but just on thing on the above chart the the figures of demand and supply are only available in weekly chart why not in 4h 8h or daily? thanx
You have an excellent question. We will be discussing this at length at the webinar but in the meantime, here's what it means :

The reason why on the 4 Hour timeframe there is no Supply and Demand is because the price is situated in the Consolidation Zone. In other words, price is currently Consolidating and has not yet moved enough for the application to calculate the market differential in Supply and Demand.

On the 8 Hour timeframe, the reason is because Supply has overcome Demand which is why the grey center area indicates we have a High. In such a case, Supply and Demand are no longer relevant on that timeframe.

Similarly, on the Day timeframe, Demand has overcome Supply and in this case the grey center area indicates we have a Low. Again, Supply and Demand are no longer relevant on this particular timeframe.

We will see many cases like these in the webinar.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #24
  • Apr 8, 2014 11:48am Apr 8, 2014 11:48am
Quoting jackeollio
{quote} You have an excellent question. We will be discussing this at length at the webinar but in the meantime, here's what it means : The reason why on the 4 Hour timeframe there is no Supply and Demand is because the price is situated in the Consolidation Zone. In other words, price is currently Consolidating and has not yet moved enough for the application to calculate the market differential in Supply and Demand. On the 8 Hour timeframe, the reason is because Supply has overcome Demand which is why the grey center area indicates we have a High....
great cheers mate
  • #25
  • Apr 8, 2014 3:04pm Apr 8, 2014 3:04pm
Last post for today.

Tuesday, April 8, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 08-04-2014 (34-4).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #26
  • Apr 8, 2014 11:17pm Apr 8, 2014 11:17pm
Quoting jackeollio
Last post for today. Tuesday, April 8, 2014 {image}
Thanks for sharin + ur Time
  • #27
  • Apr 9, 2014 5:15am Apr 9, 2014 5:15am
First post for today:

Wednesday, April 09, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-1).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #28
  • Edited 6:42am Apr 9, 2014 6:32am | Edited 6:42am
On 4 Hour, 8 Hour and Day timeframes Supply has overcome Demand as indicated by the word High in the grey area at the center of the charts.

Retracement levels are as follows :

1) on 4 Hour is 1308.52,

2) on 8 Hour is 1307.25,

3) on Day is 1311.22


Wednesday, April 9, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-2).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #29
  • Apr 9, 2014 6:40am Apr 9, 2014 6:40am
Quoting jackeollio
Supply has overcome Demand on 4 Hour, 8 Hour and Day timeframes. Retracement levels are as follows : 1) on 4 Hour is 1308.52, 2) on 8 Hour is 1307.25, 3) on Day is 1311.22 Wednesday, April 9, 2014 {image}
  • #30
  • Apr 9, 2014 6:54am Apr 9, 2014 6:54am
hi jack retracement u mention are on bullish side right? but in cse of short i think all tf except week are stating for going short am i right
  • #31
  • Apr 9, 2014 7:17am Apr 9, 2014 7:17am
Next post today is the following:

Wednesday, April 9, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-3).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #32
  • Apr 9, 2014 7:40am Apr 9, 2014 7:40am
Quoting amansuri1
hi jack retracement u mention are on bullish side right? but in cse of short i think all tf except week are stating for going short am i right
The application only calculates Retracement Levels in the two following cases:

1) Supply overcomes Demand (High) : the retracement levels (i.e. Long) indicate the levels at which you would enter the market Short,

2) Demand overcomes Supply (Low) : the retracement levels (i.e. Short) indicate the levels at which you would enter the market Long.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #33
  • Apr 9, 2014 7:47am Apr 9, 2014 7:47am
got it great stuff
  • #34
  • Apr 9, 2014 8:18am Apr 9, 2014 8:18am
so we are looking to short the levels mentioned in your earlier post until further notice. would that be correct ?
  • #35
  • Apr 9, 2014 8:29am Apr 9, 2014 8:29am
Quoting jackeollio
Next post today is the following: Wednesday, April 9, 2014 {image}
Pls help me...I m very new in trading ...not getting anything ...not able to understand ur calls..
  • #36
  • Apr 9, 2014 8:31am Apr 9, 2014 8:31am
Quoting tripr
so we are looking to short the levels mentioned in your earlier post until further notice. would that be correct ?
Excellent question.

The Retracement Levels indicated are used to enter the market (in this case Short) until you reach the next Take Profit Level.

The Take Profit Levels are as follows :

1) on a Short trade, your Take Profit Level is the "next" level at which there is Demand which could either be read off of the next iteration of the same, on a higher, or on a lower timeframe,

2) on a Long trade, your Take Profit Level is the "next" level at which there is Supply which could either be read off of the next iteration of the same, on a higher, or on a lower timeframe.


Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #37
  • Edited 9:22am Apr 9, 2014 8:42am | Edited 9:22am
As it nears 0%, the Percentage Indicator on the Yellow Line (at 11%) on 4 Hour timeframe indicates that the market has almost filled the gap (i.e. 89%) between Supply and Demand.

This indicates that the move to the downside is almost complete unless the market manages to break the level of Demand @1300.20.

In which case we will have a new High on the 4 Hour timeframe. We would then plan to enter the market Short as the market retraces to the Retracement Level indicated by the application.

Now would be a good time to Take Profit on your Short trades.

Also notice on the Day, the Retracement Level is now 1307.63 as opposed to what it was in my earlier posts (i.e. 1311.22 and 1308.27).
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-4).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #38
  • Apr 9, 2014 9:13am Apr 9, 2014 9:13am
dude this thing of yours is brilliant
  • #39
  • Apr 9, 2014 9:23am Apr 9, 2014 9:23am
Quoting amansuri1
dude this thing of yours is brilliant
Thank you.

Your comment is greatly appreciated.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #40
  • Apr 9, 2014 9:42am Apr 9, 2014 9:42am
jack do u reckon its a good chance to go long on 4 h putting 1307 retracement in mind and locking profit there. if so then wht will be the sl cheers
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