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Ollio's Gold - Supply and Demand

  • #861
  • May 5, 2015 6:15am May 5, 2015 6:15am
any updates on the app, it's been awhile ?
  • #862
  • May 5, 2015 6:19am May 5, 2015 6:19am
Chart #2 Post #859 above http://www.forexfactory.com/attachme...8&d=1430824686

On the 4 Hour, the market has reversed (as expected) and is now Long above 1188.22 with a Retracement Level @1189.51. The initial target is the Short level @1193.61 on the 8 Hour timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #863
  • May 5, 2015 6:22am May 5, 2015 6:22am
Quoting jackeollio
Chart #2 Post #859 above http://www.forexfactory.com/attachme...8&d=1430824686 On the 4 Hour, the market has reversed (as expected) and is now Long above 1188.22 with a Retracement Level @1189.51. The target is the Short level @1193.61 on the 8 Hour timeframe.
nothing to trade as of yet imo.
  • #864
  • May 5, 2015 6:25am May 5, 2015 6:25am
For Chart #2 Post #859 the 4 Hour timeframe indicates that we have a trade setup which reads as follows:

Long positions between the Retracement Level @1189.51 and the Long level @1188.22 with Stop Loss below 1186.38.

Initial Take Profit target is 1193.61 (i.e. Short level on 8 Hour timeframe).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #865
  • May 5, 2015 6:29am May 5, 2015 6:29am
Quoting tripr
{quote} nothing to trade as of yet imo.
Always depends on your requirement to enter a trade (i.e. Risk Reward Ratio).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #866
  • May 5, 2015 6:29am May 5, 2015 6:29am
Quoting jackeollio
For Chart #2 Post #859 the 4 Hour timeframe indicates that we have a trade setup which reads as follows: Long positions between the Retracement Level @1189.51 and the Long level @1188.22 with Stop Loss below 1186.38. Initial Take Profit target is 1193.61 (i.e. Short level on 8 Hour timeframe).
train has left the station, will wait until 8:00 to see new charts.
  • #867
  • May 5, 2015 6:30am May 5, 2015 6:30am
Quoting tripr
{quote} train has left the station, will wait until 8:00 to see new charts.
Sounds like a solid plan to me!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #868
  • May 5, 2015 6:31am May 5, 2015 6:31am
Quoting jackeollio
For Chart #2 Post #859 the 4 Hour timeframe indicates that we have a trade setup which reads as follows: Long positions between the Retracement Level @1189.51 and the Long level @1188.22 with Stop Loss below 1186.38. Initial Take Profit target is 1193.61 (i.e. Short level on 8 Hour timeframe).
shame no retracement this time
  • #869
  • May 5, 2015 6:34am May 5, 2015 6:34am
Quoting airmac
{quote} shame no retracement this time

which is typical of a one shot move (i.e. no intermediate retracement) ...
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #870
  • May 5, 2015 6:43am May 5, 2015 6:43am
Chart #3 Post #859 above http://www.forexfactory.com/attachme...7&d=1430825968

On the 4 Hour, you will notice that the Retracement Level has been extended to 1192.15. Since the current market price is between the Short level @1192.15 and the Long level @1188.22, the market direction is now Neutral (neither Long nor Short).

Above the Short level @1192.15, the market returns momentarily Long and below the Long level @1188.22 the market returns momentarily Short.

In other words, the market is out of steam on the 4 Hour timeframe.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #871
  • May 5, 2015 6:50am May 5, 2015 6:50am
no setup yet, waiting to breach daily supply, now also H8 supply in our way, but only 3% left for daily gap to be filled, if we brake daily supply, we expect H8 supply to be breached also, targeting 1209.49 on the Week, so waiting a break and retracement levels
  • #872
  • May 5, 2015 6:54am May 5, 2015 6:54am
Quoting airmac
no setup yet, waiting to breach daily supply, now also H8 supply in our way, but only 3% left for daily gap to be filled, if we brake daily supply, we expect H8 supply to be breached also, targeting 1209.49 on the Week, so waiting a break and retracement levels

What we are looking for are trades which offer Low Risk for High Reward.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #873
  • May 5, 2015 7:02am May 5, 2015 7:02am
We now have new candlesticks on the 4 Hour and 8 Hour timeframes.

I am currently waiting for the application to report Supply and Demand levels on these timeframes before I post a new chart.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #874
  • May 5, 2015 7:17am May 5, 2015 7:17am
Quoting jackeollio
We now have new candlesticks on the 4 Hour and 8 Hour timeframes. I am currently waiting for the application to report Supply and Demand levels on these timeframes before I post a new chart.
is the app still calculating the supply/demand ?
  • #875
  • May 5, 2015 7:20am May 5, 2015 7:20am
Chart #4 Post #859 above http://www.forexfactory.com/attachme...1&d=1430828339

We have no trade setups on any of the timeframes.

Notice the Week timeframe is now in a Bearish consolidation. This configuration implies that the next target for a Bullish retracement is the Short level @1209.49.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #876
  • May 5, 2015 7:22am May 5, 2015 7:22am
Quoting jackeollio
Chart #4 Post #859 above http://www.forexfactory.com/attachme...1&d=1430828339 We have no trade setups on any of the timeframes.
i'm long from 1189.90 on the retrace down.
  • #877
  • May 5, 2015 7:23am May 5, 2015 7:23am
Quoting jackeollio
Chart #4 Post #859 above http://www.forexfactory.com/attachme...1&d=1430828339 We have no trade setups on any of the timeframes.
to me looks even better now, H4 and H8 just appear, so we have time now. Good thing is all supply at the same spot (only the Weekly remains above all), and below breach of 1185.76 is offering a nice trade to weekly demand. Well worth the wait in my opinion.
  • #878
  • May 5, 2015 7:24am May 5, 2015 7:24am
Chart #5 Post #859 above http://www.forexfactory.com/attachme...5&d=1430828596

We now have Long trade setups on the 4 Hour and 8 Hour timeframes. Great Risk Reward!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #879
  • May 5, 2015 7:27am May 5, 2015 7:27am
Quoting jackeollio
Chart #5 Post #859 above http://www.forexfactory.com/attachme...5&d=1430828596 We now have Long trade setups on the 4 Hour and 8 Hour timeframes. Great Risk Reward!
what does the HIGH mean on the daily ?
  • #880
  • May 5, 2015 7:27am May 5, 2015 7:27am
Quoting jackeollio
Chart #5 Post #859 above http://www.forexfactory.com/attachme...5&d=1430828596 We now have Long trade setups on the 4 Hour and 8 Hour timeframes. Great Risk Reward!
Is it worth as the target is 1195.97 on the Day?
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