We now have new candlesticks on the 4 Hour and 8 Hour timeframes. I am currently waiting for the application to report Supply and Demand levels on these timeframes before I post a new chart.

Ollio's Gold - Supply and Demand

What we are looking for are trades which offer Low Risk for High Reward.

Ollio's Gold - Supply and Demand

Chart #3 Post #859 above url On the 4 Hour, you will notice that the Retracement Level has been extended to 1192.15. Since the current market price is between the Short level @1192.15 and the Long level @1188.22, the market direction is now ...

Ollio's Gold - Supply and Demand

which is typical of a one shot move (i.e. no intermediate retracement) ...

Ollio's Gold - Supply and Demand

Sounds like a solid plan to me!

Ollio's Gold - Supply and Demand

Always depends on your requirement to enter a trade (i.e. Risk Reward Ratio).

Ollio's Gold - Supply and Demand

For Chart #2 Post #859 the 4 Hour timeframe indicates that we have a trade setup which reads as follows: Long positions between the Retracement Level @1189.51 and the Long level @1188.22 with Stop Loss below 1186.38. Initial Take Profit target is ...

Ollio's Gold - Supply and Demand

Chart #2 Post #859 above url On the 4 Hour, the market has reversed (as expected) and is now Long above 1188.22 with a Retracement Level @1189.51. The initial target is the Short level @1193.61 on the 8 Hour timeframe.

Ollio's Gold - Supply and Demand

We have a trade setup on Chart #1 Post #859 as per the 4 Hour timeframe which reads as follows: Short Entry between Retracement level @1188.42 and Short level @1189.19, Stop Loss above 1190.09, Take Profit near or at Long level 1185.65 on 8 Hour ...

Ollio's Gold - Supply and Demand

Chart #1 Post #859 On the 4 Hour, market Direction is Short below 1189.19 with a Retracement Level @1188.42. The Target is the Long level @1185.65 on the 8 Hour timeframe. CAUTION: if you choose to enter Short, the market is approaching the Long ...

Ollio's Gold - Supply and Demand

Tuesday May 5, 2015

Ollio's Gold - Supply and Demand

Not quite. At the current price level the Week is Bearish (not Short) below 1191.01 towards Demand @1158.62.

Ollio's Gold - Supply and Demand

Should the market move above the Long level @1191.01 on the Week timeframe, the Week will be in a Bearish Consolidation. This simply means that, once the market enters the Bearish consolidation zone, we expect (does not mean anticipate) the market ...

Ollio's Gold - Supply and Demand

Nice! Technically speaking, the term Active Consolidation is actually used exclusively to describe two consecutive timeframes which are in Opposite direction, one being Long and the other being Short. The timeframes you are referring to are the Day ...

Ollio's Gold - Supply and Demand

Chart #8 Post #810 above url This is the last chart which will be posted for today.

Ollio's Gold - Supply and Demand

Given Post #850 above, (1) traders who have not entered the market yet, should remain on the sidelines until the market breaches the Supply level on the Day. In which case the market will be Long and will give us an opportunity to enter @ the ...

Ollio's Gold - Supply and Demand

Chart #7 Post #810 above url This chart reads as follows: (1) on the Day, we have a newly adjusted consolidation zone between the candlestick High @1192.01 and the candlestick Low @1180.35 which reflects current market conditions. There is no ...

Ollio's Gold - Supply and Demand

To answer your question, I will post another chart.

Ollio's Gold - Supply and Demand

Good point. If you had the application, you obviously would not have missed it! BTW, tripr is the one who said he went Long @ that level ... not me.

Ollio's Gold - Supply and Demand

Very good!

Ollio's Gold - Supply and Demand