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Ollio's Gold - Supply and Demand

  • #641
  • Jun 12, 2014 3:35am Jun 12, 2014 3:35am
very cool Jack. thanks very much for all of your efforts !
  • #642
  • Edited 5:43pm Jun 12, 2014 5:14am | Edited 5:43pm
Thursday June 12, 2014

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

Ollio's Live Commentary - Gold, Euro Dollar, Pound Dollar, Dollar Swissy

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

Link : http://bbbwebinar1.cloudapp.net/bigb...une+12%2C+2014

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

Chart #1

On the 4 Hour, (1) the market holds a Bearish Bias below 1264.21, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1264.21.
On the 8 Hour, the market is Bullish above 1262.03 with Supply @1266.77.
On the Day, the market holds a Bearish Bias below 1270.43. The market returns Bearish below 1263.29 and Bullish above 1270.43.
On the Week, the market is Bullish above 1253.43 with Supply @1301.32.

Chart #2

On the 4 Hour, the market holds a Bearish Bias below 1266.45. The market returns Bearish below 1262.13.
On the 8 Hour, the market is Bullish above 1262.03 with Supply @1266.76.
On the Day, the market is Bearish below 1265.53 with Demand @1255.22.
The Week remains unchanged.

Chart #3

On the 4 Hour, the market is Bearish below 1265.53 with Demand @1263.52.
On the 8 Hour, the market is Bearish below 1266.06 with Demand @1263.69.
On the Day, the market is Bearish below 1265.53 with Demand @1255.22.
The Week remains unchanged.

Chart #4

On the 4 Hour, (1) the market is Bearish below 1265.84, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1265.84.
On the 8 Hour, (1) the market is Bearish below 1266.22, (2) Supply has overcome Demand such that we have a High, (3) we have a Retracement Level @1266.22.
The Day and the Week remain unchanged.

Chart #5

On the 4 Hour, the market is Neutral between 1274.06 and 1263.61. The market is momentarily Bullish above 1274.06 and momentarily Bearish below 1263.61.
On the 8 Hour, the market holds a Bearish Bias below 1274.59. The market returns Bearish below 1263.99.
On the Day, the market is Neutral between 1273.22 and 1270.43. The market returns momentarily Bullish above 1273.22 and momentarily Bearish below 1270.43.
On the Week, the market is Bullish above 1253.43 with Supply @1301.61.

Chart #6

On the 4 Hour, the market is in the Passive Consolidation Zone between 1275.12 and 1270.93.
On the 8 Hour, the market holds a Bearish Bias below 1274.59. The market returns Bearish below 1263.99.
The Day and the Week remain unchanged.

Chart #7 (Last)

On the 4 Hour, the market is in the Passive Consolidation Zone between 1282.88 and 1271.69.
On the 8 Hour, the market is in the Passive Consolidation Zone between 1274.97 and 1270.00.
The Day and the Week remain unchanged.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-1).PNG Size: 29 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-2).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-3).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-4).PNG Size: 26 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-7).PNG Size: 25 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-8).PNG Size: 27 KB
Click to Enlarge Name: FIA - Gold 12-06-2014 (79-9).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #643
  • Jun 12, 2014 5:28am Jun 12, 2014 5:28am
Quoting zarkon
{quote} What are we suppose to do if application does that also? Good job Jackeollio .Thank you again for your time .
That's the whole point of using the FIA. Traders manage trades, they don't perform technical or fundamental analysis.

As for a suggestion as to what to do with all your spare time,

ΑΠΟΛΑΎΣΤΕ ΤΗ ΖΩΉ!

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #644
  • Jun 12, 2014 5:40am Jun 12, 2014 5:40am
At the moment, the 2 Hour timeframe is in control (i.e. Reference Timeframe) of price action on the market (see chart below).
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 12-06-2014 (Reference Timeframe Ex. 1).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #645
  • Jun 12, 2014 6:49am Jun 12, 2014 6:49am
Quoting jackeollio
At the moment, the 2 Hour timeframe is in control (i.e. Reference Timeframe) of price action on the market (see chart below). {image}

looks like control changed from the 2h to the 8h, yes ?
  • #646
  • Jun 12, 2014 6:51am Jun 12, 2014 6:51am
Quoting tripr
{quote} looks like control changed from the 2h to the 8h, yes ?
Great observation!

It sure has.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #647
  • Jun 12, 2014 7:28am Jun 12, 2014 7:28am
i guess for those who are short from the 4h and 8h supply levels 0f the 1266.50 area, the target is day demand level of 1255 with week short level of 1253.43 nearby ?
  • #648
  • Jun 12, 2014 7:30am Jun 12, 2014 7:30am
Quoting tripr
i guess for those who are short from the 4h and 8h supply levels 0f the 1266.50 area, the target is day demand level of 1255 with week short level of 1253.43 nearby ?
Almost.

Since the 4 Hour and the 8 Hour are no longer involved in moving price action, we must use lower timeframes to establish short term direction and revise our targets.

BTW, let's not forget that the Day holds a Bearish Bias below 1270.43 (see Chart #4 above). As the market approaches this technical level (i.e. Short) on the Day, the market is likely to head south.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #649
  • Jun 12, 2014 7:34am Jun 12, 2014 7:34am
Quoting jackeollio
{quote} Almost. Since the 4 Hour and the 8 Hour are no longer involved in moving price action, we must use lower timeframes to establish short term direction and revise our targets.
now what's the scenario as the mkt has now reversed up ? go long ? guess we're going to day supply level.
  • #650
  • Jun 12, 2014 7:38am Jun 12, 2014 7:38am
Quoting tripr
{quote} now what's the scenario as the mkt has now reversed up ? go long ? guess we're going to day supply level.
Exactly. Watch the Short @1270.43 and Supply @1271.27 levels on the Day (see Chart #4 above)
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #651
  • Jun 12, 2014 7:51am Jun 12, 2014 7:51am
Quoting jackeollio
{quote} Exactly. Watch the Short @1270.43 and Supply @1271.27 levels on the Day (see Chart #4 above)
why go long if the day and 8h are bearish ?
  • #652
  • Jun 12, 2014 7:56am Jun 12, 2014 7:56am
Quoting tripr
{quote} why go long if the day and 8h are bearish ?
I never said to go Long ... I said watch the Short & Supply levels on the Day which is Bearish.

A Short entry on the Day @1270.43 would offer an excellent RR since your Risk would only be about 80 pips for a potential Reward of 1300 pips.

So, in this case, your RR ratio is 16:1 (i.e. potential Reward 16 times greater than your Risk at entry).

Short Entry @1270.43, Stop Loss @1271.27 (slightly above) and Take Profit @1256.56 (slightly above).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #653
  • Jun 12, 2014 8:39am Jun 12, 2014 8:39am
Very nice upgrades to the Tool !


Thanks Jack
  • #654
  • Jun 12, 2014 9:21am Jun 12, 2014 9:21am
Quoting gtimko1012
Very nice upgrades to the Tool ! Thanks Jack
what upgrades, greg ?
  • #655
  • Jun 12, 2014 9:29am Jun 12, 2014 9:29am
Trip:



Take a look at Post # 640 from Yesterday
  • #656
  • Jun 12, 2014 9:34am Jun 12, 2014 9:34am
Careful, 1 Hour in control of price action on the market (see chart below).
Attached Image (click to enlarge)
Click to Enlarge Name: FIA - Gold 12-06-2014 (Reference Timeframe Ex. 2).PNG Size: 25 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #657
  • Jun 12, 2014 9:45am Jun 12, 2014 9:45am
Quoting jackeollio
Careful, 1 Hour in control of price action on the market (see chart below). {image}

too late just got blown out ! and to think i was long from 1265 and got out based on earlier comments.
  • #658
  • Jun 12, 2014 9:54am Jun 12, 2014 9:54am
Quoting tripr
{quote} too late just got blown out ! and to think i was long from 1265 and got out based on earlier comments.
If you were Long, you should have remained Long and set your Take Profit between the Short and Supply levels on the Day.

BTW, based on our discussion earlier this week, I thought you were Long from 1254.00 level???
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #659
  • Jun 12, 2014 10:11am Jun 12, 2014 10:11am
Quoting jackeollio
{quote} If you were Long, you should have remained Long and set your Take Profit between the Short and Supply levels on the Day. BTW, based on our discussion earlier this week, I thought you were Long from 1254.00 level???
you said not to be long so i scratched the trade.
  • #660
  • Jun 12, 2014 10:14am Jun 12, 2014 10:14am
Quoting tripr
{quote} you said not to be long so i scratched the trade.
Ok well I guess we screwed that one up ... on to the next ...

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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