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Ollio's Gold - Supply and Demand

  • #421
  • May 28, 2014 8:28am May 28, 2014 8:28am
might be a good spot for a long back up to 1278 if the demand area holds. what say you ?
i think we just ran out of downside energy based on what the charts are saying, please correct me if wrong Jack.
  • #422
  • May 28, 2014 8:30am May 28, 2014 8:30am
Quoting tripr
might be a good spot for a long back up to 1278 if the demand area holds. what say you ?
I believe the market has spoken ...

We must now watch our retracement levels on the 4 Hour @1263.99 and the 8 Hour @1264.04 (see Chart #6 above).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #423
  • May 28, 2014 8:43am May 28, 2014 8:43am
the app has stopped working Jack. been 10 mins or so. nevermind, its back up.
  • #424
  • May 28, 2014 8:46am May 28, 2014 8:46am
Quoting tripr
the app has stopped working Jack. been 10 mins or so.
Thanks !

Yes I saw that about three minutes ago ... It should be OK now.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #425
  • May 28, 2014 8:49am May 28, 2014 8:49am
Tripr, are we good on Crude Oil ?

Or do you want to discuss that with me ?
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #426
  • May 28, 2014 8:52am May 28, 2014 8:52am
it shouldn't be going down much further based on the gray areas on the 4h, 8h and day charts. energy is spent, right ?
  • #427
  • May 28, 2014 8:55am May 28, 2014 8:55am
Quoting tripr
it shouldn't be going down much further based on the gray areas on the 4h, 8h and day charts. energy is spent, right ?
Correct.

Since we don't have the benefit of timeframes lower than the 4 Hour, we must wait for the market to reload on the 4 Hour to see which direction and how high (Supply Level if Bullish) or low (Demand Level if Bearish) the market is willing to take it from there.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #428
  • May 28, 2014 8:59am May 28, 2014 8:59am
gold must break through 1283 to get going up. looks like it is now jack.
concur ?

may have to wait until 12:00 reset though.
  • #429
  • Edited 9:30am May 28, 2014 9:05am | Edited 9:30am
Quoting tripr
gold must break through 1283 to get going up. looks like it is now jack. concur ?
Not quite.

For Gold, the market is now Neutral on the 8 Hour between 1265.00 and 1263.17. Should the market return Bullish above 1265.00 it will only be momentarily Bullish above that level. On the other hand, if the market returns Bearish below 1263.17 it will also be momentarily Bearish below that level. Remember, we need to look at the lower timeframe (i.e. 4 Hour) to know what will happen on the 8 Hour.

The market is also Neutral on the 4 Hour between 1266.00 and 1263.12. Similarly, we now need to see what is happening on the 2 Hour (which we do not have) to know what the outcome will be on the 4 Hour (i.e. exit bullish or exit Bearish).

In other words, in both cases (i.e. 4 Hour and 8 Hour), we must now rely on lower timeframes to understand market direction and targets.

Here is what I see (see Chart #1 below) ...

Which has now become this (see Chart #2 below) ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Tripr.PNG Size: 26 KB
Click to Enlarge Name: Tripr - Post 40 - Chart #2.PNG Size: 24 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #430
  • May 28, 2014 9:07am May 28, 2014 9:07am
Quoting zarkon
enter 171.190 tp 171.050 sl 171.330 also notice the price on demo hasnt change . still show 171.32 it doesnt refresh .moved tp to 170.34 {image}

thats power.i close trade cause i was in the dark.but this was accurate.
realy thank you
  • #431
  • Edited 9:31am May 28, 2014 9:11am | Edited 9:31am
[quote=jackeollio;7497319]{quote} Not quite. For Gold, the market is now Neutral on the 8 Hour between 1265.00 and 1263.17. Should the market return Bullish above 1265.00 it will only be momentarily Bullish above that level. On the other hand, if the market returns Bearish below 1263.17 it will also be momentarily Bearish below that level. Remember, we need to look at the lower timeframe (i.e. 4 Hour) to know what will happen on the 8 Hour. The market is also Neutral on the 4 Hour between 1266.00 and 1263.12. Similarly, we now need to see what is happening on the 2 Hour (which we do not have) to know what the outcome will be on the 4 Hour (i.e. exit bullish or exit Bearish). In other words, in both cases (i.e. 4 Hour and 8 Hour), we must now rely on lower timeframes to understand market direction and targets. Here is what I see (see chart below) ... . {image}[/quote

a little anxious i guess but understand Jack. thanks

app has stopped again.

not much happening, maybe time to go get a haircut.
  • #432
  • May 28, 2014 9:42am May 28, 2014 9:42am
Quoting tripr
not much happening, maybe time to go get a haircut.
Agree ... time to get a haircut !!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #433
  • May 28, 2014 9:51am May 28, 2014 9:51am
I will be posting a new link to my live commentary for this afternoon.

Make sure to use the new link.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #434
  • May 28, 2014 9:51am May 28, 2014 9:51am
now the mkt. decides to go down. this is driving me nuts.
  • #435
  • May 28, 2014 9:52am May 28, 2014 9:52am
hey , i forgot to thank you jacke.i am double happy today.one is for what you teach .gold and G/j are going down as app said earlier this morning. and guess what .aussie want to follow them down .never the less is all there in those 4 frames.respect
  • #436
  • May 28, 2014 9:55am May 28, 2014 9:55am
Quoting tripr
now the mkt. decides to go down. this is driving me nuts.
Don't worry ... much more to come ... the market never stops !
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #437
  • May 28, 2014 10:00am May 28, 2014 10:00am
tripr , if i am confused i visuall all the longs and shorts and demands and supply on all frames .if there are alot of lines in an area is hard to break unless some big event-news happend.(OR MORE FRAMES HELPS TOWRDS THIS BREACH) so if price cant break that area , it will go for the weaker area on opposite side.maybe will take longer but it is easier to break. i hope i gave a small clue.
so its heading to 1255 . its only one line and its weak . propably will break it and move lower.depends on other frames tho.
Attached Image (click to enlarge)
Click to Enlarge Name: goldh4threat.png Size: 25 KB
  • #438
  • May 28, 2014 10:05am May 28, 2014 10:05am
Quoting zarkon
tripr , if i am confused i visuall all the longs and shorts and demands and supply on all frames .if there are alot of lines in an area is hard to break unless some big event-news happend.(OR MORE FRAMES HELPS TOWRDS THIS BREACH) so if price cant break that area , it will go for the weaker area on opposite side.maybe will take longer but it is easier to break. i hope i gave a small clue. so its heading to 1255 . its only one line and its weak . propably will break it and move lower.depends on other frames tho. {image}
Looks like you're definitely making good money there zarkon !!!!

Good Job!!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #439
  • May 28, 2014 10:40am May 28, 2014 10:40am
if price manage to go over 1258.91 at 4H and also 1258.96 on 8H then may consider closing short and wait for refill on 4H and 8H to take next step.

OR if we can see lower frames to act .
Attached Image (click to enlarge)
Click to Enlarge Name: gold28_3.jpg Size: 37 KB
  • #440
  • May 28, 2014 10:42am May 28, 2014 10:42am
Quoting zarkon
if price manage to go over 1258.91 at 4H and also 1258.96 on 8H then may consider closing short and wait for refill on 4H and 8H to take next step. {image}
Agree ... currently the re-entry level into the Neutral zone on the 4 Hour is @1258.91.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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