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Ollio's Gold - Supply and Demand

  • #881
  • Edited 7:42am May 5, 2015 7:30am | Edited 7:42am
Chart #6 Post#859 above http://www.forexfactory.com/attachme...7&d=1430828932

Notice the Day is now "Establish High" which means that the market has pushed above the Long level @1195.38 and is in the process of establishing a new High on that timeframe.

This is to be expected in a Long market. The market establishes new Highs!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #882
  • May 5, 2015 7:32am May 5, 2015 7:32am
Quoting airmac
{quote} Is it worth as the target is 1195.97 on the Day?
Yes, see Post #882.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #883
  • May 5, 2015 7:32am May 5, 2015 7:32am
Quoting jackeollio
Chart #6 Post#859 above http://www.forexfactory.com/attachme...7&d=1430828932 Notice the Day is now "Establish High" which means that the market has pushed above the Long level @1195.38 and is in the process of establish a new High on that timeframe.
1200 here we come !
  • #884
  • May 5, 2015 7:33am May 5, 2015 7:33am
Quoting tripr
{quote} 1200 here we come !
Even higher ... target is Short level on the Week @1209.49 ... obviously might not happen today but is to be expected sometime during this Week.

On the Day, the Short level indicates the next target. The application will keep updating this level every time the market reaches it.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #885
  • May 5, 2015 7:34am May 5, 2015 7:34am
Quoting jackeollio
{quote} Yes, see Post #882.
again no retrace
  • #886
  • May 5, 2015 7:36am May 5, 2015 7:36am
Quoting jackeollio
{quote} Yes, see Post #882.
it was entry between 1192.10 and 1192.13 stop loss below 1189.68 targeting Short on the Day 1198.24. That's 1 to 1 risk to reward.

edit, my mistake, that's almost 3 to 1, but still no retrace so no entry
  • #887
  • May 5, 2015 7:36am May 5, 2015 7:36am
Quoting airmac
{quote} again no retrace
I saw a retracement???!!!???

On the 4 Hour, the Retracement level is now @1196.63 and on the 8 Hour the Retracement level is now @1197.12.

The market is currently below these levels which makes for an great entry Long.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #888
  • May 5, 2015 7:41am May 5, 2015 7:41am
Quoting jackeollio
{quote} I saw a retracement???!!!??? On the 4 Hour, the Retracement level is now @1196.63 and on the 8 Hour the Retracement level is now @1197.12. The market is currently below these levels which makes for an great entry Long.
i don't have that chart.
  • #889
  • May 5, 2015 7:41am May 5, 2015 7:41am
Quoting jackeollio
{quote} I saw a retracement???!!!??? On the 4 Hour, the Retracement level is now @1196.63 and on the 8 Hour the Retracement level is now @1197.12. The market is currently below these levels which makes for an great entry Long.
damn it, mixed numbers again, yes retracement levels were 1194.51 and 1195 but targeting 1198.24 as Short on the Day was not worth for me. Probably I am missing something,
  • #890
  • May 5, 2015 7:42am May 5, 2015 7:42am
Quoting tripr
{quote} i don't have that chart.
I know, I was trying to give you the latest update as quickly as I possibly could!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #891
  • May 5, 2015 7:46am May 5, 2015 7:46am
Quoting jackeollio
{quote} I know, I was trying to give you the latest update as fast as I could!
i'm long from 1190, do i need to be getting out ? has the app reversed to short ? confused what you guys are saying.
  • #892
  • May 5, 2015 7:46am May 5, 2015 7:46am
Quoting tripr
{quote} i'm long from 1190, do i need to be getting out ? has the app reversed to short ? confused what you guys are saying.
No, do not short change your trade. Do not exit quite yet!

Move your Stop Loss @1195.00 and wait.

Time to sit on your hands!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #893
  • May 5, 2015 7:53am May 5, 2015 7:53am
Quoting jackeollio
{quote} No, do not short change your trade. Do not exit quite yet! Move your Stop Loss @1195.00 and wait. Time to sit on your hands!
stay thirsty my friend.
  • #894
  • May 5, 2015 7:58am May 5, 2015 7:58am
hm, I missed this long totally
  • #895
  • May 5, 2015 8:00am May 5, 2015 8:00am
Quoting airmac
hm, I missed this long totally
There's a thousand more to come!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #896
  • May 5, 2015 8:05am May 5, 2015 8:05am
Quoting airmac
hm, I missed this long totally
that's what she said ha.
  • #897
  • May 5, 2015 8:08am May 5, 2015 8:08am
Quoting tripr
{quote} that's what she said ha.
good one : )
  • #898
  • May 5, 2015 8:14am May 5, 2015 8:14am
wonder if there's been another app update. jack is offline.
  • #899
  • Edited 10:06am May 5, 2015 9:34am | Edited 10:06am
Chart #7 Post #859 above is an intraday chart http://www.forexfactory.com/attachme...8&d=1430836441

On the 2 Hour, the market is in the Bearish Consolidation zone between the Short level @1199.25 and the Long level @1197.09. The target for the Bullish retracement is the Short level @1199.25.

The 4 Hour and 8 Hour timeframes are Neutral.

Furthermore, to maintain a Long market direction the market must establish a new High every time it moves above the Short level (i.e. Retracement level) on the 8 Hour timeframe. In this case, the market has failed to establish a new high after returning above the Short level @1198.53. Failure to confirm it's bullish thrust above the previous high suggests lost of momentum and the end of the Long market on this timeframe.

On the Day, the next target High is 1201.77. We expect the market to continue to establish new highs as long as the market remains above 1195.38.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #900
  • May 5, 2015 10:14am May 5, 2015 10:14am
H2 1192.39 demand level to watch as the price approaching lower.
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