Ollio's Gold - Supply and Demand

gold has some sopporters to push price higher.lets see if it breaks supply in 4h

Great observation, that is indeed the plan.

Also note that depending on how high the market will go, the application will seek to expand the Neutral Zone on the 8 Hour (i.e. increase price of the upper boundary, not the lower boundary) and provide us with a new technical level for a Retracement/Re-entry into the Neutral Zone (see Chart #6 above).

As now indicated on the 8 Hour (see Chart #6 above) , the new re-entry level is @1258.57.

how you like crude jack ?

Post me a chart and tell me what you're thinking so that I may respond to any of your concerns.

for greg and all.see 4H frame .we are bearish and the gaps are red area , so this indicate more presure to price to go visit demand on 4H.
that is my way.please dont follow .only for education

I apologize for missing the seminar. My laptop went down and, of course, could not join through an Ipad because of the issues with Flash. Hopefully I will have the PC ready by the next one.

i am down , hehe
waiting for re-entry
need this question Iso if price breaks 1254.18 on the 8H and breaks demand at 1253.33 on 4 H Get Short?

Sorry to hear that.

You are welcome to join in on any of the daily sessions.

Answer is No ... I'll explain why tomorrow during the live commentary ...

looking forward to your webinar...the last time I joined the link there was no sound. something wrong with my internet connection

No, it was on the server's end and so I apologize for that.

re-enter was refering to webinar .i try to relog due to no sound and couldnt log back.
agree on No to question.looking forward to hear if i agree for right reasons.
Thank you again jack.was a good explain

i was thinking that this is nice setup for pending orders for short.when/if price goes below DAY SHORT its a nice short for us with TP at LONG of DAY.question for tommorow.good night for me

Friday May 30, 2014

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Ollio's Live Commentary - Gold, Crude Oil, AUDUSD, GBPJPY

Starts : 13:15 EST (UTC-5:00)
Ends : 14:30 EST (UTC-5:00)

Link : http://bbbwebinar1.cloudapp.net/bigb...May+30%2C+2014

------------------------------------ ------------------------------------ ------------------------------------ -------------------------------

Chart #1

On the 4 Hour, the market is Neutral between 1253.92 and 1253.42. The market returns momentarily Bearish below 1253.42 and momentarily Bullish above 1253.92.

We have an Active Consolidation Zone as the market is simultaneously Bearish below 1255.60 on the 8 Hour and Bullish above 1251.15 on the Day.
On the 8 Hour, the market is Bearish below 1255.60 with Demand @1249.96.
On the Day, the market is Bullish above 1251.15 with Supply @1263.93.
On the Week, (1) the market is Bearish below 1268.94, (2) Supply has overcome Demand such that we have a High, (3) we have a new Retracement Level @1268.94.

Chart #2

On the 4 Hour, the market is Neutral between 1253.92 and 1253.27. The market returns momentarily Bearish below 1253.27 and momentarily Bullish above 1253.92. Notice how the application has expanded the Neutral Zone by lowering the value of the lower boundary (i.e. Retracement Level/Re-entry Level).

The Active Consolidation Zone between the 8 Hour and the Day remains in effect (see Chart #1 above).
The 8 Hour, the Day and the Week remain unchanged.

Chart #3

On the 4 Hour, the market is Bullish above 1252.25 with Supply @1255.96.
On the 8 Hour, the market is in the Passive Consolidation Zone between 1255.10 and 1250.33.
On the Day, the market is Bullish above 1251.00 with Supply @1263.81.
The Week remains unchanged.

Chart #4

On the 4 Hour, (1) the market is Bullish above 1250.49, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1250.49.
On the 8 Hour, the market holds a Bullish Bias above 1250.33. The market becomes Bullish above 1252.48 and Bearish below 1250.33.
On the Day, the market is Bullish above 1249.64 with Supply @1262.43.
The Week remains unchanged.

Chart #5

On the 4 Hour, we have a new Retracement Level @1252.21.
On the 8 Hour, (1) the market is Bullish above 1252.05, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1252.05.
On the Day, the market is Bullish above 1248.92 with Supply @1261.74.
On the Week, we have a new Retracement Level @1267.82.

Chart #6

On the 4 Hour, the market holds a Bullish Bias above 1248.91. The market returns Bullish above 1252.21.
On the 8 Hour, the market is Bearish below 1251.76. The market returns Neutral above 1251.76 and momentarily Bullish above 1252.05.
The Day and the Week remain unchanged.

Chart #7

On the 4 Hour, the market holds a Bullish Bias above 1243.62. The market returns momentarily Bullish above 1252.21.
On the 8 Hour, we have a new Retracement Level @1246.47.
On the Day, the market holds a Bullish Bias above 1243.63. The market returns Bullish above 1245.58.
On the Week, we have a new Retracement Level @1262.53.

Chart #8

On the 4 Hour, the market holds a Bearish Bias below 1245.14. The market returns Bearish below 1242.63 and Bullish above 1245.14.
On the 8 Hour, the market is Neutral between 1252.06 and 1243.69. The market returns momentarily Bearish below 1243.69 and momentarily Bullish above 1252.05.
On the Day, the market holds a Bullish Bias above 1240.85. The market returns Bullish above 1245.58.
On the Week, we have a new Retracement Level @1259.75.

Excellent. We shall make it a point to review this trading plan during the live commentary today.

what we do on something like this ? we keep the previous tp sl lvls or wait to reset all frames or one at least and we adjust?

Depends on your trading plan.

(1) Which timeframe did you enter on ?

(2) Are you looking to stay in for further drop ? If yes, for how long (i.e. hours, days, weeks, months) ?

(3) If not, do you want to exit (i.e. take your profit) and then re-enter ?

i have taken a couple of scalp longs since 8:15 a.m. i have not seen a reason, based on the app, to be short. am i missing something here ?

You may have overlooked my comment with respect to Chart #6 above.

As a general observation you will note that on the 8 Hour, the market initially made a Low (see Chart #5 above) followed a little later by a High (see Chart #6 above).

I then mentioned that, on the 8 Hour, the market is Bearish below 1251.76 and momentarily Bullish above 1252.05.

At that point, the 8 Hour timeframe was the indicator in terms of market direction and the lower timeframes (below 4 Hour) were the drivers.

The market headed south.

the tf's were all gray and i assumed the mkt was dead basically. where should we be short from and when ?