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Ollio's Gold - Supply and Demand

  • #41
  • Edited 10:22am Apr 9, 2014 9:55am | Edited 10:22am
Quoting amansuri1
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
To answer your question, you need to look at the chart below.

Notice the 8 Hour timeframe, the price is currently situated in a very tight Consolidation Zone (i.e. Short @1304.53 & Long @1302.22). This is referred to as a Passive Consolidation Zone.

Also, we are simultaneously Long @1299.63 on the 4 Hour timeframe and Short @1307.63 on the Day timeframe. This is also a Consolidation Zone and is likely to remain effective at least until 12:00 UTC-5:00. This is referred to as an Active Consolidation Zone.

So for me, this type of trade does not offer the Risk/Reward I am looking for which is typically a minimum of 5:1.
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-5).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #42
  • Apr 9, 2014 9:58am Apr 9, 2014 9:58am
Quoting jackeollio
{quote} To answer your question, you need to look at the chart below. Notice the 8 Hour timeframe, the price is currently situated in a very tight Consolidation Zone (i.e. Short @154.53 & Long @1302.22. So for me, this type of trade does not offer the Risk/Reward I am looking for which is typically a minimum of 5:1. {image}
ah ok so basically better to wait for 1307 for retracement, thnx just 1 ore thing need to know how do u distinguish SL thats something i was trying to figure out
  • #43
  • Apr 9, 2014 10:12am Apr 9, 2014 10:12am
Quoting amansuri1
{quote} ah ok so basically better to wait for 1307 for retracement, thnx just 1 ore thing need to know how do u distinguish SL thats something i was trying to figure out
There are several strategies for setting your Stop Loss.

This is a key question which I would prefer to answer during the upcoming webinar.

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #44
  • Apr 9, 2014 11:04am Apr 9, 2014 11:04am
Another post for today.

Wednesday, April 9, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-7).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #45
  • Apr 9, 2014 12:50pm Apr 9, 2014 12:50pm
I went long from the lows this a.m. and took most off at the 1307.50 area, still holding on to a couple with a tight stop. it went to your #, to the tick, jack ! very nice ! this is similar to sam seiden's methods but packaged differently. I like it but still have much to learn I'm sure.
  • #46
  • Apr 9, 2014 1:16pm Apr 9, 2014 1:16pm
Quoting tripr
I went long from the lows this a.m. and took most off at the 1307.50 area, still holding on to a couple with a tight stop. it went to your #, to the tick, jack ! very nice ! this is similar to sam seiden's methods but packaged differently. I like it but still have much to learn I'm sure.
I guess the main difference between Sam Seiden's methodology and mine is that I don't use conventional charts.

My application does all the work for me.

Glad to hear your making progress understanding it!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #47
  • Apr 9, 2014 1:22pm Apr 9, 2014 1:22pm
Sorry guys & girls, just couldn't resist posting yet another chart for today:


Wednesday, April 9, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-8).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #48
  • Apr 9, 2014 1:51pm Apr 9, 2014 1:51pm
Careful, the Retracement Level on the 4 Hour chart stands @1307.26.

We are now Neutral on the 8 Hour and Day charts.
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-9).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #49
  • Apr 9, 2014 2:10pm Apr 9, 2014 2:10pm
retraced back down to the 1307.26 almost to the tick ! dude , this is crazy ! I trade the futures so my #'s are not exact but it's damn close enough jacke baby !
  • #50
  • Apr 9, 2014 2:11pm Apr 9, 2014 2:11pm
Quoting tripr
retraced back down to the 1307.26 almost to the tick ! dude , this is crazy ! I trade the futures so my #'s are not exact but it's damn close enough jacke baby !
Told ya, it really works.

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #51
  • Apr 9, 2014 2:32pm Apr 9, 2014 2:32pm
stay thirsty my friend
  • #52
  • Apr 9, 2014 3:04pm Apr 9, 2014 3:04pm
Another chart (just might be my last one for today).


Wednesday, April 9, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 09-04-2014 (35-10).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #53
  • Apr 9, 2014 3:15pm Apr 9, 2014 3:15pm
why so many charts today ? also, when is the webinar ?
  • #54
  • Apr 9, 2014 3:22pm Apr 9, 2014 3:22pm
Quoting tripr
why so many charts today ? also, when is the webinar ?
The reason I posted so many charts today was because the market was pretty active and I wanted to show people how they work.

As for the next webinar, people who have subscribed will be receiving an email invite by end of week.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #55
  • Apr 10, 2014 12:57am Apr 10, 2014 12:57am
hi jack any chart update for today, actually stuck in shorts, thnx
  • #56
  • Apr 10, 2014 7:04am Apr 10, 2014 7:04am
First post of the day.

Thursday, April 10, 2014
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 10-04-2014 (36-1).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #57
  • Apr 10, 2014 7:05am Apr 10, 2014 7:05am
Quoting amansuri1
hi jack any chart update for today, actually stuck in shorts, thnx
Not a good week to hang on to Short trades.

The Supply level on the Week is @1344.82.

So, you should hold on to your Long trades, not your Short trades.

I usually try to avoid taking Short trades in a Bullish market.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #58
  • Apr 10, 2014 7:06am Apr 10, 2014 7:06am
i know but fomc f...d up yesterday, and i slept over itso just wondering wht to do with my shorts
  • #59
  • Apr 10, 2014 7:12am Apr 10, 2014 7:12am
Quoting amansuri1
i know but fomc f...d up yesterday, and i slept over itso just wondering wht to do with my shorts
Look at my Day chart.

We are Long above 1317.55. If I were you, I would hope for a market retracement and get rid of my Shorts as the market approaches 1317.55.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #60
  • Apr 10, 2014 7:14am Apr 10, 2014 7:14am
Quoting jackeollio
{quote} Look at my Day chart. We are Long above 1317.55. If I were you, I would hope for a market retracement and get rid of my Shorts as the market approaches 1317.55.
thanks for the suggestion buddy and shud open new long there, do u think that wud be a good idea, thnx
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