Ollio's Gold - Supply and Demand | Page 49 | Metals Mine

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Ollio's Gold - Supply and Demand

  • #961
  • May 6, 2015 12:41pm May 6, 2015 12:41pm
"Notice the Supply level @1193.50 and the Long level @1194.16"

Can you explainn what your exact thought are on this? is this zone the optimal entry?
  • #962
  • May 6, 2015 12:44pm May 6, 2015 12:44pm
Quoting airmac
"Notice the Supply level @1193.50 and the Long level @1194.16" Can you explainn what your exact thought are on this? that this is the optimal entry?
In order to avoid the possibility of confusing the audience, I choose not to answer your question and defer my explanation at least for the moment.

It is a rather advanced topic that requires in-depth understanding of the application which most people here do not have.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #963
  • May 6, 2015 12:51pm May 6, 2015 12:51pm
Quoting jackeollio
{quote} In order to avoid the possibility of confusing the audience, I choose not to answer your question and defer my explanation at least for the moment. It is a rather advanced topic that requires in-depth understanding of the application which most people here do not have.
...and the plot thickens. lol
  • #964
  • May 6, 2015 12:53pm May 6, 2015 12:53pm
Quoting tripr
{quote} ...and the plot thickens. lol
For most people, such an explanation would prove to be of no interest whatsoever.

Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #965
  • May 6, 2015 1:07pm May 6, 2015 1:07pm
Chart #8 Post #903 above http://www.forexfactory.com/attachme...2&d=1430935697


On the 2 Hour, the market is in the Consolidation zone between the Short level @1192.24 and the Long level @1185.17. This last chart now suggests the market will resume Short towards 1185.17 as it approaches 1192.24.

All other timeframes remain unchanged.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #966
  • May 6, 2015 1:22pm May 6, 2015 1:22pm
Quoting jackeollio
Chart #8 Post #903 above http://www.forexfactory.com/attachme...2&d=1430935697 On the 2 Hour, the market is in the Consolidation zone between the Short level @1192.24 and the Long level @1185.17. This last chart now suggests the market will resume Short towards 1185.17 as it approaches 1192.24. All other timeframes remain unchanged.

UPDATE: 1192.05 is now the Short level on the 2 Hour timeframe which is expected to trigger a continuation of the Short market towards 1185.17.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #967
  • May 6, 2015 2:06pm May 6, 2015 2:06pm
Hold your Short positions until 16:00 UTC-5:00.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #968
  • May 6, 2015 2:18pm May 6, 2015 2:18pm
Quoting jackeollio
Hold your Short positions until 16:00 UTC-5:00.

Your Stop Loss should remain slightly above 1192.67.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #969
  • Edited 9:03am May 7, 2015 4:20am | Edited 9:03am
Thursday May 7, 2015
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (3).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (4).PNG Size: 24 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (5).PNG Size: 21 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (6).PNG Size: 20 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (8).PNG Size: 23 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (9).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (10).PNG Size: 22 KB
Click to Enlarge Name: Financial Instrument Analyzer - Gold (07-05-2015) (11).PNG Size: 22 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #970
  • May 7, 2015 4:32am May 7, 2015 4:32am
we need to take out H4 supply, so no trade supply to close to go long on H2
  • #971
  • May 7, 2015 4:34am May 7, 2015 4:34am
Quoting airmac
we need to take out H4 supply, so no trade supply to close to go long on H2
Agree.

This is a case where the application gives you a signal (i.e. Long on the 2 Hour timeframe) but for which the RRR is not adequate to justify the risk of entering the market.

The reference here is Chart #2 Post #970 above.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #972
  • May 7, 2015 5:13am May 7, 2015 5:13am
Chart #3 Post #970 above is an intraday chart

At the moment, there are no trade setups on any of the timeframes.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #973
  • May 7, 2015 5:46am May 7, 2015 5:46am
Post #970 above

The Day is Bearish (not Short) below 1185.78 towards Demand @1175.33.

This is the trade opportunity we are focusing on as it will offer excellent Risk Reward.

Which means that we are waiting for the application to give us a Short signal on the 8 Hour timeframe to enter the market on this trade.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #974
  • May 7, 2015 6:28am May 7, 2015 6:28am
short from 1182.60 with s/l at 1183.80. target is 1175 area or higher
  • #975
  • May 7, 2015 6:31am May 7, 2015 6:31am
Quoting tripr
short from 1182.60 with s/l at 1183.80. target is 1175 area or higher
Which chart are you referring to?

For the moment, there is no market direction on any of the timeframes (i.e. no trade setups yet).
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #976
  • May 7, 2015 6:34am May 7, 2015 6:34am
Quoting jackeollio
{quote} Which chart are you referring to?
we are below the long level on the 8 hr. with the day being bearish and a good r:r. could be early though.
  • #977
  • May 7, 2015 6:36am May 7, 2015 6:36am
Quoting tripr
{quote} we are below the long level on the 8 hr. with the day being bearish and a good r:r. could be early though.
Early indeed.

We must wait for the 8 Hour timeframe to indicate "Short" and then use the technical levels indicated on that timeframe to determine the following:

(1) entry level,

(2) Stop Loss, and

(3) Take Profit.

Until then, we sit and wait.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #978
  • May 7, 2015 6:39am May 7, 2015 6:39am
Quoting jackeollio
{quote} Early indeed. We must wait for the 8 Hour timeframe to indicate "Short" and then use the technical levels to determine the following: (1) entry level, (2) Stop Loss, and (3) Take Profit. Until then, we sit and wait.
by the time your app makes up its mind to give a signal it's too late in most cases. anyhow, i'm stopped out and looking to reverse.
  • #979
  • May 7, 2015 6:40am May 7, 2015 6:40am
Quoting tripr
{quote} by the time your app makes up its mind to give a signal it's too late in most cases. anyhow, i'm stopped out and looking to reverse.
Well, that is absolutely false.

My application will always give you the right signal at the right time and the most accurate technical levels of Supply and Demand.

If you look at the Supply level on the 8 Hour it is @1189.89.

If you had access to lower timeframes, you would have had the Long signal for that Bullish retracement!

Most traders are simply too impatient to wait!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #980
  • May 7, 2015 6:47am May 7, 2015 6:47am
damn would love to bust 1189.89 retracment level back to 1182.xx and target 1194.48 hehe
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