Ollio's Gold - Supply and Demand

Jack,

Thanks for the email. I am working today, so I won't make the seminar. Hopefully tomorrow!

Welcome ... no problem.

gold will drive a man to drinking.

As long as it's water ... all is good.

a woman too!!

I like that Bubola.... LOL

well, if it's not going down it must be going up. what say you Jack ?

i will not be on board later for webinary.Have to pick wife.

As far as I know, the market could be Bullish, Bearish, in Consolidation (simultaneously Bullish and Bearish) or Neutral (neither Bullish nor Bearish).

Hope this helps ...

Cool.

sounds like you been drinking Jack. ha

Not at all. In fact, I was referring to the different market states the application will identify and report.

hello traders . today i didnt post anything also .didnt see something .i was out of market all day. will see tommorow.
i am not expert at all but i feel a disturb to the force and thats why market has not a clear direction.not gold only but alot of currencies .
anyway we will on the news before it happends with jack's offer app.

keep up the good work
Jack's tool is amazing...I've been trying to understand and apply it with the help with some of your posts here..
incredible accuracy even when it's used alone

hi...gold chart is not updating, stuck to yesterday's values...all others are fine...anyone else with same issue?

based on this configuration, i have placed sell limit orders on uj at 102.80, sl 102.87, tp 102.50. the way i understand it, i have h4 h8 and d1 all bearish, and a bullish weekly with a progression bar that has almost filled the gap. so i'm looking for shorts at h4 and h8 levels, which are very close to each other.

is this correct?

gold still not updating. someone wake up Jack and let him know.

gold chart is finally working now.

Wednesday June 4, 2014

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Ollio's Live Commentary - Gold, Crude Oil, GBPCHF, USDJPY

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

Link : http://bbbwebinar1.cloudapp.net/bigb...June+4%2C+2014

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Chart #1

On the 4 Hour, the market is Bearish below 1244.90 with Demand @1243.16.
On the 8 Hour, the market is Bearish below 1244.61 with Demand @1239.99.
On the Day, the market holds a Bullish Bias above 1238.99. The market returns Bullish above 1245.98 and Bearish below 1238.99.
On the Week, the market is Bullish above 1243.58 with Supply @1262.56.

Chart #2

On the 4 Hour, the market is in the Passive Consolidation Zone between 1245.84 and 1244.90.
On the 8 Hour, the market holds a Bearish Bias below 1248.67. The market returns Bearish below 1244.61 and Bullish above 1248.67.
The Day and the Week remain unchanged.

Chart #3

On the 4 Hour, the market is Neutral between 1246.45 and 1245.48. The market returns momentarily Bullish above 1246.45 and momentarily Bearish below 1245.48.
On the 8 Hour, the market is Bearish below 1246.84 with Demand @1244.78.
On the Day, the market is Bullish above 1245.98 with Supply @1253.61.
On the Week, the market is Bullish above 1243.58 with Supply @1262.56.

Chart #4

On the 4 Hour, (1) the market is Bullish above 1246.45, (2) Demand has overcome Supply such that we have a Low, (3) we have a Retracement Level @1246.45.
On the 8 Hour, the market is Bullish above 1246.94 with Supply @1248.06.
The Day and the Week remain unchanged.

Chart #5

On the 4 Hour, the market is Neutral between 1247.33 and 1243.76. The market returns momentarily Bullish above 1247.33 and momentarily Bearish below 1243.76.
On the 8 Hour, (1) the market is Bearish below 1245.22, (2) Supply has overcome Demand such that we have a Low, (3) we have a Retracement Level @1245.22.
On the Day, the market holds a Bullish Bias above 1241.14. The market returns Bullish above 1245.03 and Bearish below 1241.14.
The Week remains unchanged.

Chart #6

On the 4 Hour, the market is Bearish below 1246.10 with Demand @1242.64.
On the 8 Hour, we have a new Retracement Level @1244.72.
On the Day, the market is Bullish above 1244.53 with Supply @1252.19.
The Week remains unchanged.

Chart #7 (Last)

On the 4 Hour, the market is in the Passive Consolidation Zone between 1244.09 and 1239.31.
On the 8 Hour, the market is Bearish below 1245.43 with Demand @1241.45.
On the Day, the market holds a Bullish Bias above 1241.14. The market returns Bullish above 1244.53.
The Week remains unchanged.

Be careful, the Week is telling you that the market is Bullish above 102.607.

On the Day, the market is in the Passive Consolidation Zone and could move up as high as the Short Level @102.94 or even the Supply Level @103.114.

You must complete your analysis by looking at all the columns without overemphasis on the first one (i.e. Market Direction/Pressure).