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Ollio's Gold - Supply and Demand

  • #221
  • May 12, 2014 10:14am May 12, 2014 10:14am
Quoting tripr
it appears there is 8hr. and wkly. supply at roughly the same level. would you not be looking for a short there Jack ?
We're you thinking of scalping the market (sorry, I should of asked you that question before answering your question) ?
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #222
  • May 12, 2014 10:18am May 12, 2014 10:18am
possibly yes. and i assume by your question you are looking for a larger upside move if it breaks that supply area ?
  • #223
  • May 12, 2014 10:23am May 12, 2014 10:23am
Quoting tripr
possibly yes. and i assume by your question you are looking for a larger upside move if it breaks that supply area ?
Absolutely correct. As I've mentioned before, myself not being a scalper, I rarely have those setups in mind.

Also, I believe that for a scalper lower timeframes would be more suitable.

Below is an example of more suitable timeframes for scalping purposes (do you agree ?) :
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 12-05-2014 (Scalper Timeframes).PNG Size: 36 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #224
  • May 12, 2014 10:32am May 12, 2014 10:32am
yes for scalping, which i don't do a lot of, these tf's would be best but i'm good with what you are currently providing. i like the higher R:R trades much like yourself. tks for the reply.
  • #225
  • May 12, 2014 10:33am May 12, 2014 10:33am
Quoting tripr
yes for scalping, which i don't do a lot of, these tf's would be best but i'm good with what you are currently providing. i like the higher R:R trades much like yourself. tks for the reply.
Cool.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #226
  • May 12, 2014 6:56pm May 12, 2014 6:56pm
Ref. My view about gold market this is my chart
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.png Size: 233 KB
  • #227
  • May 12, 2014 7:13pm May 12, 2014 7:13pm
Quoting shaban010
Ref. My view about gold market this is my chart {image}
Now I see what you were saying.

Thanks.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #228
  • Edited 5:45pm May 13, 2014 5:06am | Edited 5:45pm
Tuesday May 13, 2014

Chart #1

On the 4 Hour, the market is Bullish above 1290.76 with Supply @1296.16.
On the 8 Hour, the market holds a Bullish Bias above 1289.00. The market returns Bullish above 1293.79 and Bearish below 1289.00.
On the Day, the market is Bearish below 1301.25 with Demand @1279.96.
On the Week, the market is Bearish below 1308.44 with Demand @1271.73.

Chart #2

On the 4 Hour, the market maintains Bullish pressure above 1289.32 with Supply @1294.69.
On the 8 Hour, the market has entered the Passive Consolidation Zone between 1292.71 and 1289.00.
The Day and the Week remain unchanged (see Chart #1 above).

Chart #3

On the 4 Hour, the market holds a Bullish Bias above 1289.90. The market returns Bullish above 1291.61 and Bearish below 1289.90.

We have an Active Consolidation Zone as the market is simultaneously Bearish below 1301.25 on the Day and Bullish above 1288.98 on the 8 Hour.
On the 8 Hour, the market is Bullish above 1288.98 with Supply @1296.24.
The Day and the Week remain unchanged (see Chart #1 above).

Chart #4

On the 4 Hour, (1) the market is Bullish above 1295.77, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1295.77.

We have an Active Consolidation Zone as the market is simultaneously Bearish below 1305.39 on the Day and Bullish above 1290.97 on the 8 Hour.
On the 8 Hour, (1) the market is Bullish above 1290.97, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1290.97.
On the Day, the market is Bearish below 1305.39 with Demand @1284.09.
The Week remains unchanged (see Chart #1 above).

Chart #5

On the 4 Hour, the market is Neutral between 1296.12 and 1291.46. The market returns momentarily Bullish above 1296.12 and momentarily Bearish below 1291.46.

We have an Active Consolidation Zone as the market is simultaneously Bearish below 1305.74 on the Day and Bullish above 1291.32 on the 8 Hour.
On the 8 Hour, (1) the market is Bullish above 1291.32, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1291.32.
On the Day, the market is Bearish below 1305.74 with Demand @1284.51.
The Week remains unchanged.

Chart #6

On the 4 Hour, the market is Bearish below 1294.89 with Demand @1290.67.

The Active Consolidation Zone remains in effect (see Chart #5 above).
The 8 Hour, the Day and the Week remain unchanged.

Chart #7 (Last)

On the 4 Hour, the market is in the Passive Consolidation Zone between 1298.17 and 1291.12.
On the 8 Hour, the market is Bearish below 1295.35 with Demand @1288.92.
The Day and the Week remain unchanged.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-1).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-2).PNG Size: 25 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-4).PNG Size: 25 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-6).PNG Size: 25 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-8).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-9).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 13-05-2014 (57-10).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #229
  • May 13, 2014 6:18am May 13, 2014 6:18am
hey Jack, when do you project Crude and the other mkt. to be up and running ?
  • #230
  • May 13, 2014 6:20am May 13, 2014 6:20am
Quoting tripr
hey Jack, when do you project Crude and the other mkt. to be up and running ?
Should be available next week.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #231
  • May 13, 2014 6:28am May 13, 2014 6:28am
sounds great Jack and appreciate it !
  • #232
  • May 13, 2014 8:30am May 13, 2014 8:30am
Hi Jacke,

How should I have entered the market this morning??
Your opinion is always appreciated.
  • #233
  • Edited 9:03am May 13, 2014 8:40am | Edited 9:03am
Quoting mausaroli
Hi Jacke, How should I have entered the market this morning?? Your opinion is always appreciated.
You should have asked me that question earlier this morning, let's say at around 8:00 ...

It's rather easy to answer now that we know the outcome. I'm assuming that what you want to know is my rational for entering a trade this morning.

First, you look at Chart #3 above. On this chart, what you're looking at is the fact that the market is in an Active Consolidation Zone being Bearish below 1301.25 on the Day and Bullish above 1288.98 on the 8 Hour.

Since at that time the market was closer to the Bullish level on the 8 Hour, you would have entered Long in the 1290.00 area with a Stop Loss a little below 1288.98, say 1288.50.

Lastly, if you we're looking at scalping the market, you could have set your Take Profit at either one of the 4 Hour Supply @1294.01 or the 8 Hour Supply @1296.24.

The number of lots would be up to you to determine based on your money management rules.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #234
  • May 13, 2014 9:05am May 13, 2014 9:05am
Jacke,

How about the news at 8h30?
Tks
  • #235
  • May 13, 2014 9:13am May 13, 2014 9:13am
Quoting mausaroli
Jacke, How about the news at 8h30? Tks
I'm not sure what you're asking.

Do you want to know whether I would have entered a trade or not because there was news at 8:30 ?

Or whether, in general, I fear (i.e. choose to stay away from) the market when there is upcoming news ?
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #236
  • May 13, 2014 9:21am May 13, 2014 9:21am
Quoting jackeollio
{quote} I'm not sure what you're asking. Do you want to know whether I would have entered a trade or not because there was news at 8:30 ? Or whether, in general, I fear (i.e. choose to stay away from) the news or not ?
Yes, this is what I meant
  • #237
  • Edited 12:07pm May 13, 2014 9:35am | Edited 12:07pm
Quoting mausaroli
{quote} Yes, this is what I meant
My decision to enter or not enter the market has nothing to do with whether there is or isn't upcoming news or even whether it is major news or not.

I base my decision to enter the market strictly on my interpretation of the technical levels reported by my application.

In fact, if you carefully examine my posts in this thread for the last month or so, you will see that if you had read and interpreted the technical levels correctly, you would have been in the right direction nearly 100% of the time whether there was news or not.

DISCLAIMER: my answer above is meant only to accurately reflect my own personal trading style as well as my knowledge and experience. It is not meant to suggest, influence or entice anyone reading this post or this thread to do the same.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #238
  • May 13, 2014 12:31pm May 13, 2014 12:31pm
Those of you who have access to the application will notice that the Demand Level @1291.41 on the 4 Hour is approximately the same as the Retracement Level @1291.32 on the 8 Hour.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #239
  • May 13, 2014 12:36pm May 13, 2014 12:36pm
i did take notice of that Jack.

hey Jack has there been a webinar yet or still in the planning stages ?
  • #240
  • May 13, 2014 12:49pm May 13, 2014 12:49pm
Quoting tripr
i did take notice of that Jack. hey Jack has there been a webinar yet or still in the planning stages ?
No, there hasn't been any webinar yet ... I confess I've been dragging my feet and haven't lived up to expectations.

That being said, rest assured that I am well beyond the planning stages. I had a few personal things to deal with lately which kinda made me lose my focus and motivation for a little bit.

I'm feeling the pressure now which is normally a good sign ... it'll get me going again!

Thanks ... I really need to feel the pressure !!!!

The good news is that once I'm motivated, I'm unstoppable.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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