Ollio's Gold - Supply and Demand | Page 18 | Metals Mine

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Ollio's Gold - Supply and Demand

  • #341
  • May 19, 2014 9:42am May 19, 2014 9:42am
hello Jackeollio , i receive your mail.I guess its a @gmail issue.
Thank you again
  • #342
  • Edited 10:00am May 19, 2014 9:48am | Edited 10:00am
Quoting tripr
it seems we are approaching an area of 8hr demand and a retracement level of 1297.38 on the day. is this a level you are looking at for longs, jack ?
I would not go Long quite yet as the 8 Hour timeframe continues to indicate Bearish pressure on the market.

That being said, it would be a great opportunity to close your Short trades assuming you were Short on one of the lower timeframes (scalp type of trade - on 4 hour or 8 Hour timeframes).

Remember, we have an Active Consolidation Zone as the market is simultaneously Bearish below 1305.48 on the 8 Hour timeframe and Bullish above 1297.38 on the Day timeframe (see Chart #6 above).

In other words, the application is telling us the market is actively consolidating.

I am hoping that the market will enter the Passive Consolidation Zone on the Week which is currently between 1297.94 and 1284.40 (see Chart #6 above).

This would get us a much better entry (lower risk higher reward) for a Long trade.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #343
  • May 19, 2014 9:56am May 19, 2014 9:56am
Quoting zarkon
hello Jackeollio , i receive your mail.I guess its a @gmail issue. Thank you again
Agree, I believe it was an issue with gmail.

Glad to see it has now been resolved.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #344
  • May 19, 2014 10:00am May 19, 2014 10:00am
in terms of price action what's the difference between active consolidation zone and passive ? also, what's the difference between neutral and consolidation ?
  • #345
  • Edited 2:33pm May 19, 2014 10:14am | Edited 2:33pm
Quoting tripr
in terms of price action what's the difference between active consolidation zone and passive ? also, what's the difference between neutral and consolidation ?
A better way to explain the differences between these zones is to look at their individual characteristics below:

Active Consolidation Zone

1) used to describe opposing price action (i.e. Bearish vs Bullish ) between two consecutive timeframes,

2) price action is said to be range bound,

3) trading strategy is always Long near Bullish level and Short near Bearish level.


Passive Consolidation Zone

1) on any given timeframe, whenever the market opens within the upper and lower boundaries of the Passive Consolidation Zone, the application does not have sufficient data to determine the Direction/Pressure of the market (i.e. Direction/Pressure is unknown) such that you must refer to lower timeframes to determine market Direction/Pressure,

2) when market opens above the upper boundary indicated by the Short level of the Passive Consolidation Zone, the market Direction/Pressure is said to be Bullish on that timeframe. The trading plan is to enter the market Long using different trading strategies which we will thoroughly discuss during the Live Sessions,

3) conversely, when the market opens below the lower boundary indicated by the Long level of the Passive Consolidation Zone, the market Direction/Pressure is said to be Bearish on that timeframe. The trading plan is to enter the market Short using different trading strategies which we will thoroughly discuss during the Live Sessions.


Neutral Zone (will be provided in a separate post)
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #346
  • May 19, 2014 10:33am May 19, 2014 10:33am
enjoyed the webinar jack. but had quite a bit of garbled or broken audio during the webinar that made it difficult to understand what you were saying. don't know if others had this problem but thought i would mention it. of course it could have been on my end but i don't normally have audio problems. also, i wrote a couple of questions on the webinar ste about what i just asked you here but don't believe you saw the questions. there were some other questions by other attendees as well that went un-answered, just so you will know. thanks very much for your efforts and replies !
  • #347
  • May 19, 2014 10:37am May 19, 2014 10:37am
I had garbled audio as well. I also posted a question in the chat section that may not have been visible to you.
  • #348
  • May 19, 2014 10:43am May 19, 2014 10:43am
Quoting tripr
enjoyed the webinar jack. but had quite a bit of garbled or broken audio during the webinar that made it difficult to understand what you were saying. don't know if others had this problem but thought i would mention it. of course it could have been on my end but i don't normally have audio problems. also, i wrote a couple of questions on the webinar ste about what i just asked you here but don't believe you saw the questions. there were some other questions by other attendees as well that went un-answered, just so you will know. thanks very much...
Thanks for bringing it to my attention. Others have also mentioned the same type of issues during the Live Session.

I sincerely apologize to all attendees for any discomfort experienced during the live session and more specifically to those attendees
to whom I haven't responded to their questions.

We will be working on resolving all of the issues above.

Greatly appreciate your patience.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #349
  • May 19, 2014 10:59am May 19, 2014 10:59am
no worries mate. hey looks like the day has turned bearish. i'm still short from early this morning and looks like we're going to get that better price you were hoping for to enter a long possibly.
  • #350
  • Edited 11:39am May 19, 2014 11:28am | Edited 11:39am
Quoting tripr
no worries mate. hey looks like the day has turned bearish. i'm still short from early this morning and looks like we're going to get that better price you were hoping for to enter a long possibly.
Very good point.

Now notice how the Short level on the Day is approximately the same as the Short level on the Week.

This constitutes an early signal which suggests the market may be turning Bearish on the Week.

We would seek to enter a Long trade while the market is in the Passive Consolidation Zone on the Week, if and only if (strict condition), the market turns Bullish on the Day. The technical levels on the Day must remain above the Long level @1284.40 on the Week.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #351
  • May 19, 2014 11:55am May 19, 2014 11:55am
ok understand and appreciate the reply. its just going to take some repitition to get it down but i'm getting it more and more.
  • #352
  • May 19, 2014 12:13pm May 19, 2014 12:13pm
i'm biased to the short side in gold so this analysis of yours confirms my process/methodology and thoughts. so, maybe look for a short up around 1297 to 1298 area jack ?
  • #353
  • Edited 1:42pm May 19, 2014 12:22pm | Edited 1:42pm
Quoting tripr
i'm biased to the short side in gold so this analysis of yours confirms my process/methodology and thoughts. so, maybe look for a short up around 1297 to 1298 area jack ?
You certainly could consider shorting in that area or somewhere close to the Bearish Pressure area on the 4 Hour @1297.81.

INPORTANT to remember that if you were to do so, your target (i.e. Take Profit) would be slightly above the Demand level @1292.40 on the 4 Hour timeframe (based on the technical levels being reported by the live application), not the Demand level on any of the higher timeframes.

Alternatively, you can wait to see what the application will report in terms of Direction/Pressure and the technical levels for the Day tomorrow and take it from there.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #354
  • May 19, 2014 12:23pm May 19, 2014 12:23pm
Jack,

I'm looking at your analyzer in an attempt to apply it to the Nadex platform with its strike points. I want to be able to place end of day trades with it. Their end of day expire time is 1:30pm EST. They also have end of week strikes.

First, can you tell me if you have had any experience with Nadex? I've been with them for about a year and have been trying many things to be consistent.

Secondly, can you explain my best method at interpreting the analyzer for end of day direction going from the start of the New York session?

Thanks
  • #355
  • May 19, 2014 12:52pm May 19, 2014 12:52pm
Quoting makamilman
Jack, I'm looking at your analyzer in an attempt to apply it to the Nadex platform with its strike points. I want to be able to place end of day trades with it. Their end of day expire time is 1:30pm EST. They also have end of week strikes. First, can you tell me if you have had any experience with Nadex? I've been with them for about a year and have been trying many things to be consistent. Secondly, can you explain my best method at interpreting the analyzer for end of day direction going from the start of the New York session? Thanks
Unfortunately, I have no experience whatsoever with the Nadex platform.

As for the best method of interpreting the technical levels generated by the FIA application, that would depend on your trading plan or perhaps more specifically you trading style when you seek to enter trades on the market.

However, at this point it remains unclear to me why one would seek to interpret the analyzer differently for the purpose of trading on a specific platform.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #356
  • May 19, 2014 1:01pm May 19, 2014 1:01pm
I'm not trying to interpret the analyzer differently, I was only asking how best to use it for EOD time frame that I gave you.

My trading plan for the Nadex platform would then be to enter the market at or near the NY open and then using your tool to predict if the market would be higher or lower at 1:30 EST.

I'm asking for that particular time frame, would you suggest I look at the daily and 8 hour or perhaps the 8 and 4 hour? And then what to look for during the time frame as I can get out at any point along the way.

Just trying to get a better feel for this tool and its possibilities. I didn't mean to come across that I would try to change its meanings.
  • #357
  • May 19, 2014 1:34pm May 19, 2014 1:34pm
Quoting makamilman
I'm not trying to interpret the analyzer differently, I was only asking how best to use it for EOD time frame that I gave you. My trading plan for the Nadex platform would then be to enter the market at or near the NY open and then using your tool to predict if the market would be higher or lower at 1:30 EST. I'm asking for that particular time frame, would you suggest I look at the daily and 8 hour or perhaps the 8 and 4 hour? And then what to look for during the time frame as I can get out at any point along the way. Just trying to get a better...

If I understand correctly, your trading plan is to enter a trade, Long or Short, somewhere around 8:00 EST and exit that same trade at a time close to 13:30 EST.

In which case, I would suggest you use the 4 Hour and 8 Hour timeframes to interpret the technical levels as they are being reported by the application.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #358
  • May 19, 2014 2:57pm May 19, 2014 2:57pm
Actually I meant entering at the NY Stock Exchange open which of course is 9:30 EST. And the only reason for that is that seems to give some time to see any bias and to view any effective news.

But that's one very important part I have to figure out is what is the best time to enter for a 1:30 EST expire.

I have to figure out when gold's supply or demand group will show there hand for that particular time zone. It don't matter if I get it right or wrong by only one tick as I would still win or lose on a per contract basis. That's the part I like about Nadex and my risk is set to the amount I got the strike for. I do not have to concern myself with moving stops or setting TP areas.

So I'm not looking for a big movement, just a little higher or lower for my edge. I need to see what the bias is with some type of consistent accuracy at some point during the morning preferably at or before NY opens.
  • #359
  • May 19, 2014 3:06pm May 19, 2014 3:06pm
Quoting makamilman
Actually I meant entering at the NY Stock Exchange open which of course is 9:30 EST. And the only reason for that is that seems to give some time to see any bias and to view any effective news. But that's one very important part I have to figure out is what is the best time to enter for a 1:30 EST expire. I have to figure out when gold's supply or demand group will show there hand for that particular time zone. It don't matter if I get it right or wrong by only one tick as I would still win or lose on a per contract basis. That's the part I like...
Yes, now I better understand your requirement.

Initially, it was not obvious to me that you were referring to the NY Stock Exchange but rather the NY session of the Foreign Exchange which opens at 8:00 EST and closes at 16:00 EST.

Nonetheless, you were right in suggesting in the first place that you should use the 4 Hour and 8 Hour timeframes.

Despite the confusion, at least we both got that straight.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #360
  • May 19, 2014 3:17pm May 19, 2014 3:17pm
Thanks Jack, I appreciate any input to help me try and get an edge.

I look foreword to your live session in the morning. I hope to get access to your analyzer when it becomes available again.
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