Ollio's Gold - Supply and Demand | Page 28 | Metals Mine

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Ollio's Gold - Supply and Demand

  • #541
  • Jun 4, 2014 6:02am Jun 4, 2014 6:02am
hi jack....yes, i had noticed that and removed order. i am struggling to understand how all the levels interact, and i still don't know what to look for and how to determine an entry.

by the way, i'm not looking at charts, just FIA
  • #542
  • Jun 4, 2014 6:09am Jun 4, 2014 6:09am
Quoting bubola
hi jack....yes, i had noticed that and removed order. i am struggling to understand how all the levels interact, and i still don't know what to look for and how to determine an entry. by the way, i'm not looking at charts, just FIA
The fact that you're no longer looking at charts (maybe still just peeking at them every once in a while - they say old habits die hard ) will certainly contribute to accelerate your understanding of the FIA.

As for reading the FIA, it does require a little getting use to but once you get it, you can analyze any instrument in any market within seconds (i.e. no more than 20 sec).

The best way to really get all the tips you need on how to determine your entries is to join in on the Live Commentary.

Hope you can make it with us again today. I will review this particular case for you.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #543
  • Jun 4, 2014 6:17am Jun 4, 2014 6:17am
Quoting jackeollio
{quote} The fact that you're no longer looking at charts (maybe still just peeking at them every once in a while - they say old habits die hard ) will certainly contribute to accelerate your understanding of the FIA. As for reading the FIA, it does require a little getting use to but once you get it, you can analyze any instrument in any market within seconds (i.e. no more than 20 sec). The best way to really get all the tips you need on how to determine your entries is to join in on the Live Commentary. Hope you can make it with us again today....
i'll most certainly be there.
  • #544
  • Jun 4, 2014 6:25am Jun 4, 2014 6:25am
Quoting jackeollio
{quote} The fact that you're no longer looking at charts (maybe still just peeking at them every once in a while - they say old habits die hard ) will certainly contribute to accelerate your understanding of the FIA. As for reading the FIA, it does require a little getting use to but once you get it, you can analyze any instrument in any market within seconds (i.e. no more than 20 sec). The best way to really...
Will you post any link for the commentary Jack? Is it 7 hours from now? I'll try my best to go home from work earlier and join Cheers
  • #545
  • Jun 4, 2014 6:27am Jun 4, 2014 6:27am
Quoting Polaris4dy
{quote} Will you post any link for the commentary Jack? Is it 7 hours from now? I'll try my best to go home from work earlier and join Cheers
The link to the Live Commentary will be posted at 12:15 EST (UTC-5:00).

You are most welcome to join.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #546
  • Jun 4, 2014 7:23am Jun 4, 2014 7:23am
so at this particular moment, gold is bullish on all tf's, having broken the last hurdle of h8 short level. h4 has put in a low and we now have to wait for levels to reset. supply on weekly is the highest level available at the moment, and it's too close to provide a good r/r.

more or less correct, Jack?
Attached Image (click to enlarge)
Click to Enlarge Name: gold.PNG Size: 149 KB
  • #547
  • Jun 4, 2014 7:43am Jun 4, 2014 7:43am
bubola, depends on your personal R:R. Jack likes a 5:1 but you may like something like a 2 or 3:1. if so, you can target the wkly. supply with a s/l set accordingly.
  • #548
  • Jun 4, 2014 7:49am Jun 4, 2014 7:49am
Quoting tripr
bubola, depends on your personal R:R. Jack likes a 5:1 but you may like something like a 2 or 3:1. if so, you can target the wkly. supply with a s/l set accordingly.
tx trip. what you say is certainly true, but i'm not even at the point of figuring out an entry yet. the only reason for the post was to find out if my analysis was correct, which is step number 1. what i do with this info is step number 2, but i'm not at that point yet.
  • #549
  • Jun 4, 2014 8:08am Jun 4, 2014 8:08am
bubola, in my view it says be long. but the 8h supply level is right in your face which, to this point, has proven to be resistance. so your R:R is not good imo. but you could still be long with the day and wkly supply levels as targets. that is what i am doing but may have to hold the trade for a good while. need to see the 12:00 reset for further analysis.

the 4h and 8h are gray which means they are no longer pushing so have to wait for the reset at 12:00 for the 4h to get new #'s. i'm hoping the mkt. continues to push up but will need help from tf's lower than 4h at this point(which we can't see)
  • #550
  • Jun 4, 2014 8:23am Jun 4, 2014 8:23am
i agree with your bullish side, hopefully the reset will bring additional info.
  • #551
  • Jun 4, 2014 8:27am Jun 4, 2014 8:27am
Quoting bubola
i agree with your bullish side, hopefully the reset will bring additional info.
it will definitately bring new info, just hope its bullish and a decent supply #.

gold is painfully slow to trade due to all of the consolidations its been going through. it should pick up some volatility as we get further into summer.
  • #552
  • Edited 9:30am Jun 4, 2014 9:11am | Edited 9:30am
Quoting tripr
{quote} it will definitately bring new info, just hope its bullish and a decent supply #. gold is painfully slow to trade due to all of the consolidations its been going through. it should pick up some volatility as we get further into summer.
I agree with your assessment on Gold more specifically that volatility will pick up at some point later during the summer and perhaps even as late as in early fall.

The main reason we are currently seeing such low volatility is because Gold is currently consolidating in the upper wick of the 6 Month timeframe which closes at the end of June (this month - see Chart below). Notice that Gold has remained within the Passive Consolidation Zone and that the application never was able to determine the Direction/Pressure or identify what the Supply and Demand levels were on that particular timeframe.
Attached Image
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #553
  • Jun 4, 2014 9:42am Jun 4, 2014 9:42am
SOH - "Sitting on Hands" = Crazy Texan

I wish we had some price direction
  • #554
  • Jun 4, 2014 9:54am Jun 4, 2014 9:54am
Quoting gtimko1012
SOH - "Sitting on Hands" = Crazy Texan I wish we had some price direction
yeah, greg...i guess nfp has everything on stand-by
  • #555
  • Jun 4, 2014 1:46pm Jun 4, 2014 1:46pm
Quoting Polaris4dy
{quote} Will you post any link for the commentary Jack? Is it 7 hours from now? I'll try my best to go home from work earlier and join Cheers
By the way, I don't think you have access to the application ?

If not, send me an email at [email protected] so I can send you a link to the application.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #556
  • Jun 4, 2014 2:05pm Jun 4, 2014 2:05pm
Quoting jackeollio
{quote} By the way, I don't think you have access to the application ? If not, send me an email at [email protected] ("[email protected]") so I can send you a link to the application.
I don't have the access yet. I have sent u an email.

Cheers
  • #557
  • Jun 4, 2014 2:09pm Jun 4, 2014 2:09pm
Quoting Polaris4dy
{quote} I don't have the access yet. I have sent u an email. Cheers
I just finished checking my emails and I haven't been able to find any email from you.

Can you send me another one ?

Please make sure to include your Forex Factory ID.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #558
  • Jun 4, 2014 2:10pm Jun 4, 2014 2:10pm
Quoting jackeollio
{quote} By the way, I don't think you have access to the application ? If not, send me an email at [email protected] ("[email protected]") so I can send you a link to the application.
anyway, is the meeting going on now? I clicked the link but nothing appears yet
Thanks
  • #559
  • Jun 4, 2014 2:11pm Jun 4, 2014 2:11pm
Quoting jackeollio
{quote} I just finished checking my emails and I haven't been able to find any email from you. Can you send me another one ? Please make sure to include your Forex Factory ID.
okay, I'll try using my other email
  • #560
  • Jun 4, 2014 2:12pm Jun 4, 2014 2:12pm
Quoting Polaris4dy
{quote} anyway, is the meeting going on now? I clicked the link but nothing appears yet Thanks
The meeting is finished for today.

Try and join in tomorrow if you can.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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