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Ollio's Gold - Supply and Demand

  • #1,021
  • May 8, 2015 8:41am May 8, 2015 8:41am
Quoting airmac
{quote} we could add to long trades, at H4 Short level.
Technically, you certainly could but you must first consider your RRR.

Your Long trade would read as follows (see 4 Hour & 8 Hour timeframes on chart below):

(1) Long entry between the Retracement level @1191.01 (i.e. Short level) and the Long level @1185.13,

(2) Stop Loss slightly below the Long level @1185.13 or slightly below the candlestick Low @1181.89,

(3) Take Profit at or near the Short level @1194.37 on the 8 Hour timeframe.

It becomes easier to see that such a trade setup does not give you a very good RRR.
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (08-05-2015) (9).PNG Size: 23 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,022
  • May 8, 2015 9:23am May 8, 2015 9:23am
Quoting airmac
Daily supply so strong at 1193. Again crazy accuracy. Hu no, we took it out. Long setup in play. Long 1180.65 stop loss below 1179.85, target at least 1194.37 H8 Short level. Jack, what weekly looks like?
Speaking about accuracy, notice that today's market high @1193.63 came within 11 pips of the Supply level @1193.74 on the Day as calculated by the application much earlier today!

Accuracy is the key which opens the door to the trader's profit kingdom!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,023
  • May 8, 2015 2:22pm May 8, 2015 2:22pm
IMPORTANT:

Please note that next week, from 10/05/2015 to 15/05/2015, I will not be posting on this thread.

I will be posting on my EURUSD thread only.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,024
  • May 9, 2015 5:44am May 9, 2015 5:44am
Quoting jackeollio
IMPORTANT: Please note that next week, from 10/05/2015 to 15/05/2015, I will not be posting on this thread. I will be posting on my EURUSD thread only.
that's awesome Jack, thank you!
  • #1,025
  • May 9, 2015 5:49am May 9, 2015 5:49am
Quoting airmac
{quote} that's awesome Jack, thank you!
Hope you all drop by next week and take a peek at my Euro thread!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,026
  • May 10, 2015 2:02pm May 10, 2015 2:02pm
The link to my Euro Dollar thread is below:


http://www.forexfactory.com/showthread.php?t=539158
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,027
  • Jul 13, 2015 10:03am Jul 13, 2015 10:03am
Monday July 13, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (13-07-2015) (1).PNG Size: 27 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,028
  • Jul 15, 2015 8:19am Jul 15, 2015 8:19am
Wednesday July 15, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (15-07-2015) (1).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,029
  • Jul 17, 2015 7:43am Jul 17, 2015 7:43am
Friday July 17, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (17-07-2015) (1).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,030
  • Jul 19, 2015 5:40pm Jul 19, 2015 5:40pm
Sunday July 19, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (19-07-2015) (1).PNG Size: 26 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,031
  • Jul 21, 2015 7:57am Jul 21, 2015 7:57am
Hi talaate,

Do you have an email address?
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,032
  • Jul 21, 2015 8:03am Jul 21, 2015 8:03am
I am ok, got some troubles due to diabetes, but I am ok now. By the way, I am not student !!, I am assistant Professor so I was busy with my students' exams.

I read some of the comments in Nitsan's thread, don't bother, it is happening all the time and this is my reason why I used to not comment or post except seldom.
I think Nitsan is conscious and rational person, he himself was attacking by some of subscribers from ONLY ON GOLD thread.
Regards
Talaat E
  • #1,033
  • Jul 21, 2015 8:12am Jul 21, 2015 8:12am
Jack
There is no way to send you PM about my mail address, however it is [email protected], my first name is talaat and my family name is Elbenawy, so I use to chose my nickname talaat E and my mail username tabenawy
you welcome
  • #1,034
  • Jul 21, 2015 8:14am Jul 21, 2015 8:14am
Quoting talaate
I am ok, got some troubles due to diabetes, but I am ok now. By the way, I am not student !!, I am assistant Professor so I was busy with my students' exams. I read some of the comments in Nitsan's thread, don't bother, it is happening all the time and this is my reason why I used to not comment or post except seldom. I think Nitsan is conscious and rational person, he himself was attacking by some of subscribers from ONLY ON GOLD thread. Regards Talaat E
Sorry for mistaking you for a student!

I most sincerely hope your diabetes gets better.

Yes, Nitsan is a hard working person who means well and does a great deal to help others which deserves much respect.

Thanks for giving me some news. You can write to me anytime you wish using my email address [email protected]

All my best to you.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,035
  • Jul 22, 2015 7:23am Jul 22, 2015 7:23am
NOTE:

If you have any questions on how to interpret the charts which have been posted here on my thread (i.e. past, present or future), please contact me through Skype.

Skype ID: jack.eollio
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,036
  • Jul 22, 2015 9:29am Jul 22, 2015 9:29am
Quoting jackeollio
Sunday July 19, 2015 {image}
Thanks Jack, if I see your chart earlier it would save me lots of money...
  • #1,037
  • Jul 22, 2015 10:09am Jul 22, 2015 10:09am
Quoting medvic
{quote} Thanks Jack, if I see your chart earlier it would save me lots of money...
Not only would you have saved lots of money but, more importantly, you could have made a whole lot of money!

I don't know when was the first time you saw it but as you can see, I had posted it on my thread on Sunday, July 19 at 18:40.

Unfortunately, if you hadn't been looking at my thread then you would have missed it (which was probably your case).

I'm guessing you have probably seen my chart for the first time on Nitsan's thread?
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,038
  • Jul 22, 2015 10:59am Jul 22, 2015 10:59am
Quoting jackeollio
{quote} Not only would you have saved lots of money but, more importantly, you could have made a whole lot of money! I don't know when was the first time you saw it but as you can see, I had posted it on my thread on Sunday, July 19 at 18:40. Unfortunately, if you hadn't been looking at my thread then you would have missed it (which was probably your case). I'm guessing you have probably seen my chart for the first time on Nitsan's thread?
Ya, but, even if I see it earlier I would not jump bcs I wouldn't trust it, have to observe some time, but at least I would be cautious..., anyway, will not miss your post anymore , again, thanks for sharing.
  • #1,039
  • Edited 12:39pm Jul 22, 2015 12:17pm | Edited 12:39pm
Quoting medvic
{quote} Ya, but, even if I see it earlier I would not jump bcs I wouldn't trust it, have to observe some time, but at least I would be cautious..., anyway, will not miss your post anymore , again, thanks for sharing.
It is true that trust, or at least a minimal amount of trust, is what you would've needed to take the trade.

A first step to increase your trust would have been to simply look at my most recent posts and attempt to establish whether or not the information provided by the application was both reliable and accurate.

By looking at my recent posts provided last week, you would have been able to establish that the signals provided by the application were very reliable (in this case 100% of the time - which is not always the case but statistically upwards of 90%) and the technical levels were very accurate (99% of the time - except when there are technical glitches).

At which point, the only other aspect you would have needed to consider is the Risk Reward Ratio.

Initially, the Risk Reward Ratio at the time of publishing the chart was approximately 1:10 meaning, Reward 10 times the Risk.

Knowing that, you could have decided to do one of the following:

(i) do nothing, in which case your risk was 0 and your potential reward was also 0, or


(ii) enter a trade with a small risk knowing the potential profit was 10 times the risk.


Had you chosen the second option, depending on your account size, you could have done the following:

(1) small account: entered Short with 1 lot @1132.70 or slightly below, with Stop Loss @1133.63 or slightly above. Your risk would have been between 100$ and 150$ (which is pretty negligible even on a small account) or


(2) medium account: entered Short with 10 lots as per (1) in which case your risk would have been somewhere between 1000$ and 1500$ (again very reasonable on a medium size account),


(3) etc, etc


In case (1) above, your current profit would be approx. 4000$ and counting while based on (2) above your current profit would stand at 40 000$ and counting, all on a SINGLE TRADE.

IMHO, option (ii) above is how you make real money in this business!
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #1,040
  • Jul 27, 2015 8:01am Jul 27, 2015 8:01am
Friday July 24, 2015
Attached Image (click to enlarge)
Click to Enlarge Name: Financial Instrument Analyzer - Gold (24-07-2015) (1).png Size: 95 KB
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
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