Ollio's Gold - Supply and Demand

For Gold, the FIA application is configured to monitor and provide signals on 18 timeframes simultaneously.

The timeframes range from the 5 Min to 6 Year. These are viewed 7 timeframes across and could be accessed by scrolling horizontally.

Please note the online presentation of the FIA scheduled to be held on Monday, December 5th between 9:00 and 12:00 EST (UTC-5:00) for Forex Factory members only has been cancelled.


We were unable to reach the minimum number of 50 attendees required for the event.

Forex Factory members who wish to participate need to subscribe.

Event will be rescheduled once we reach a minimum number of 50 subscribers.

As a side note, using the signals generated by the FIA as per in the chart above you would have had a profitable trade.

Assuming a Short entry @1168.49, Stop Loss @1170.04 (or slightly higher) and a take profit @1164.50, we have:

(1) position size = 1 lot, 400$ profit for a 200$ Risk, or

(2) position size = 10 lots, 4000$ profit for a 2000$ Risk

(3) etc.

This is simply an example, it is not to say that I would have traded this setup. In fact, I never open trades which have less than 5:1 Risk Reward (i.e. profit 5 times risk on entry).

One of the key benefits of using the signals generated by the FIA is that traders are always able to accurately determine their Risk and their Reward before entering a trade.

On the Day chart in Post #1,224, notice how the market is now near a previous Low.

In a case like this, a good strategy is to avoid taking short positions as we are too close to a previous Low.

A better option is to consider taking a Short entry when the market retraces towards the High signal indicated on the Day (i.e. Short entry at or near the Long level).

Alternatively, you would wait for the market (i.e. Day candlestick) to close below the Long level of the Low signal on the Day before entering short.

Technically, this would invalidate the Low signal and indicate a continuation of the Short market. Here your entry would be Short @1160.96 with a Stop Loss @1164.10 (or slightly above).

The latest chart above illustrates how to properly read the signals generated by the FIA.

As the market approaches the technical levels (i.e. Short and Long) indicated by the Low signal on the Day timeframe, instead of entering the market short, we start looking for Low signals on lower timeframes to enter Long on a retracement (see Low signal on 1 Hour timeframe).

Note: the Low signal on the 1 Hour timeframe in my previous post marks the completion of the Short market cycle indicated earlier by the Target High signal on the 1 Hour timeframe in Post #1,224 above. It is the beginning of the retracement.

Hello Jack, I've been studying all the charts you posted since the thread started again, and it's finally making sense. I've sent you an email earlier. Thank you.

As per the chart above you can see that, as of last week, the FIA generated a Low signal on the Week timeframe.

For the market to resume Short on the week timeframe, the market (i.e. week candlestick) must close below 1164.38.

Yes, I did receive your email and, as with many others, I will be responding sometime today.

Also, glad to hear it makes sense to you!

Cheers.

From the chart above, we can see that, as of 12:00, the market has completed a Short market cycle on the 2 Hour.

The market is now in the process of completing a Short market cycle on the 4 Hour. This cycle will be completed later today at 16:00 EST (UTC-5:00).

The 8 Hour Short market cycle will be completed at the same time as the 4 Hour Short market cycle. A chart will be posted shortly after the close of the 4 Hour and 8 Hour markets (i.e. 4 hour and 8 hour candlesticks respectively).

On the charts below, you can see all the market cycles that have been completed since yesterday. I have indicated the signals along with the technical levels (i.e. Short & Long price levels) generated by the FIA for each one of the timeframes.

Only the Short market cycle on the Day timeframe, which started today, remains to be completed ...

You can see from the chart posted in Post #1,236 above that the FIA has the ability to track and monitor Short and Long market cycles from start to finish independently for each timeframe.

This feature provides traders with great flexibility by allowing them to effortlessly track and enter multiple trades simultaneously on different timeframes.

The market remains in a Short market cycle on the Day timeframe.