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Ollio's Gold - Supply and Demand

  • #941
  • May 6, 2015 9:50am May 6, 2015 9:50am
Quoting airmac
{quote} "Under way" means not retraced enough or still hasn't met the target?
I was telling you that the Short trade is ON.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #942
  • May 6, 2015 9:51am May 6, 2015 9:51am
Quoting jackeollio
{quote} I was telling you that the Short trade is ON.
got it!
  • #943
  • May 6, 2015 9:53am May 6, 2015 9:53am
Quoting jackeollio
{quote} I was telling you that the Short trade is ON.
where are you short from and which chart are we looking at ?
  • #944
  • May 6, 2015 9:54am May 6, 2015 9:54am
Quoting tripr
{quote} where are you short from and which chart are we looking at ?

Chart #6 Post #903 http://www.forexfactory.com/attachme...0&d=1430922249
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #945
  • May 6, 2015 9:54am May 6, 2015 9:54am
Quoting jackeollio
Chart #6 Post #903 above is an intraday chart http://www.forexfactory.com/attachme...0&d=1430922249 We now have 2 trade setups. One on the 2 Hour and one on the 8 Hour timeframes. On the 2 Hour, market direction is Short below 1194.66 with Retracement level @1192.05. On the 2 Hour timeframe, your trade setups is as follows: (1) Short entry between 1192.05 and 1194.66, (2) Stop Loss above 1195.76, (3) Take Profit is the Long level on the 4 Hour chart @1189.43. On the 4 Hour, the market is Neutral (neither Long nor...
Was the target for H8 trade H4 Long or demand on the Day?
  • #946
  • May 6, 2015 9:56am May 6, 2015 9:56am
Quoting airmac
{quote} Was the target for H8 trade H4 Long or demand on the Day?
As per my Post #936 http://www.forexfactory.com/showthre...16#post8247816, the target for the 8 Hour trade setup is at or near the Demand level @1185.22 on the Day.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #947
  • May 6, 2015 9:56am May 6, 2015 9:56am
Quoting jackeollio
{quote} Chart #6 Post #903 http://www.forexfactory.com/attachme...0&d=1430922249
yes see that now. busy doing something else. my bad. looks like may be headed to 1185 day demand
  • #948
  • May 6, 2015 9:56am May 6, 2015 9:56am
Quoting jackeollio
{quote} As per my Post , the target for the 8 Hour trade setup is at or near the Demand level @1185.22 on the Day.
I am an idiot, I didn't even read your post
  • #949
  • May 6, 2015 9:57am May 6, 2015 9:57am
Quoting airmac
{quote} I am an idiot, I didn't even read your post
Well, I don't know what to say ... lol

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #950
  • May 6, 2015 11:40am May 6, 2015 11:40am
If you still haven't entered the market Short, we are looking at entering the market Short at or near 1193.50 with a Stop Loss slightly above or @1194.50.

The Take Profit target remains at or near the Demand level @1185.22 on the Day.

Risk Reward Ratio for this trade is approximately 5:1 (Reward 5 times greater than your Risk)
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #951
  • May 6, 2015 12:11pm May 6, 2015 12:11pm
Quoting jackeollio
If you still haven't entered the market Short, we are looking at entering the market Short at or near 1193.50 with a Stop Loss slightly above or @1194.50. The Take Profit target remains at or near the Demand level @1185.22 on the Day. Risk Reward Ratio for this trade is approximately 5:1 (Reward 5 times greater than your Risk)
why 1193.50 ? is there a new chart
  • #952
  • May 6, 2015 12:16pm May 6, 2015 12:16pm
Quoting tripr
{quote} why 1193.50 ? is there a new chart

Indeed, there is ... coming up!

We have a very enthusiastic crowd!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #953
  • May 6, 2015 12:18pm May 6, 2015 12:18pm
Quoting jackeollio
{quote} Indeed, there is ... coming up!
why did you say to short 1193.50 some 45 mins. ago ? i don't see a level that reflects that level. unless i missed something.
  • #954
  • Edited 12:30pm May 6, 2015 12:19pm | Edited 12:30pm
Chart #7 Post #903 above is an intraday chart http://www.forexfactory.com/attachme...6&d=1430932717

On the 2 Hour, the market is in the Consolidation zone between the Short level @1194.37 and the Long level @1187.61.

On the 4 Hour, the market is Bearish below the Long level @1194.46 towards Demand level @1187.19. Notice the Supply level @1193.50 and the Long level @1194.16 (tripr: this is the answer to your question in Post #954 above).

On the 8 Hour, the market is Short below 1197.27 with a Retracement level @1192.67.
The 8 Hour timeframe gives us a trade setup which reads as follows:

(1) Short entry between Retracement level @1192.67 and the Short level @1197.27 on the 8 Hour timeframe,

(2) Stop Loss above the candlestick High on the 8 Hour timeframe @1197.48,

(3) Take Profit at or near Demand level @1185.22 on the Day.

On the Day, the market is Bearish below the Long level @1194.57 towards the Demand level @1185.22.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #955
  • May 6, 2015 12:27pm May 6, 2015 12:27pm
Quoting tripr
{quote} why did you say to short 1193.50 some 45 mins. ago ? i don't see a level that reflects that level. unless i missed something.
please answer my question Jack.
  • #956
  • May 6, 2015 12:29pm May 6, 2015 12:29pm
Quoting tripr
{quote} please answer my question Jack.
see my Post #955 above.

Expect a retracement towards 1193.50 followed by a short market.

That's what I meant almost one hour ago.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #957
  • May 6, 2015 12:32pm May 6, 2015 12:32pm
Quoting jackeollio
{quote} see my Post #955 above.
was that 1193.50 level there an hour ago when you posted ?
  • #958
  • May 6, 2015 12:35pm May 6, 2015 12:35pm
Quoting tripr
{quote} was that 1193.50 level there an hour ago when you posted ?

Yes, of course it was there at 12:00 UTC-5:00 (i.e. at the opening of the new 4 Hour candlestick).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #959
  • May 6, 2015 12:36pm May 6, 2015 12:36pm
Quoting jackeollio
{quote} Yes, of course it was there at 12:00 UTC-5:00 (i.e. at the opening of the news 4 Hour candlestick).
how come we didn't see it, assuming it was pertinent info ?
  • #960
  • May 6, 2015 12:39pm May 6, 2015 12:39pm
Quoting tripr
{quote} how come we didn't see it, assuming it was pertinent info ?
I'm assuming your question is "Why did we not see the chart if it contained pertinent info?"

You did have the pertinent info even if I hadn't posted the chart.

see my Post #951 above. That was the purpose of this post.

The only thing you did not see was the actual chart itself!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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