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- jackeollio replied Apr 30, 2015
Good point. The imbalances in Supply and Demand created by the market are an accurate measure of market volatility and, in my opinion, the most accurate way to actually measure volatility at any given time. Provided your methodology enables you to ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 30, 2015
Not quite, on the 8 Hour timeframe we are Bullish above 1203.90 towards Supply @1208.26. Remember, there is no direction on the 8 Hour timeframe, it is a Bullish Bias not a direction! Unless the market breaches Supply on the 8 Hour timeframe, you ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 30, 2015
Chart #2 Post #765 above is an intraday chart. Here you can clearly see why I do not expect the market to reach the second target level on the 8 Hour timeframe. Hint: 2 Hour timeframe
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 30, 2015
As per Post #766 above and as expected the market has reached the first target on the 8 Hour timeframe @1204.13. It is now progressing towards the second 8 Hour target @1212.14 (which I do not expect the market to reach).
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 30, 2015
Chart #1 Post #765 On the 4 Hour, the market has made a Low and market direction is Long above 1201.32. The target is the Short level @1204.13 on the 8 Hour timeframe. Given that the Day is Bearish, it is unlikely that this move will be able to take ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
Chart #9 Post #756 you can see the application correctly identifies market direction as being Short on the 4 Hour!
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
On Chart #7 Post #756 market is now "Establish Low" on the 4 Hour and 8 Hour timeframes. On 8 Hour, Short level @1208.76 is now Resistance. The Day is now Bearish below 1209.79 towards Demand @1186.28. Market remains Bearish below 1209.79. After ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
Chart #6 Post #756 now indicates the following: (1) on the Week, the market direction is Long above 1210.28, (2) on the Day, the market is in a Bearish consolidation between the Short level @1227.83 and the Long level @1208.03. This timeframe does ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
Chart #3 Post #756 Notice the Retracement level on the 4 Hour now reads 1207.94 (i.e. Short Level)
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
We have multiple scenarios, two for a Short trade and two for a Long trade. (1) while market remains below 1207.09 we have the following Short trade scenarios: (a) Short between 1207.09 and 1206.15 with Stop Loss above Short level @1207.09, or (b) ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 29, 2015
Chart #1 in Post #756 indicates the following: (1) on the Week, the market direction is now Neutral between 1210.38 and 1199.34. Above 1210.38, market direction returns to Long and below 1199.34 the market reverses Short, (2) on the Day the market ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
Thank you! I truly appreciate you not posting on this thread anymore!!!! Cheers!
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
First off, to make it fun and relax I wanted 5 traders who had little or no trading experience. Obviously a demo account is what seems most appropriate for beginners to use. I wouldn't worry about it since there is practically no way for me to ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
You may not be aware, but my application is a cloud based application which has been made available to traders in the past. Application will remain available to traders at my sole discretion.
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
This is not a simple plugin but a full blown application.
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
In Chart #6 of Post #741 above you will notice the retracement levels are now considerably higher than on the previous chart. Also notice how the Day is now "Establish High" meaning that the application has detected that the market is making new ...
Ollio's Gold - Supply and Demand
- jackeollio replied Apr 28, 2015
On Chart #3 in Post #741 above, we have the following: (1) On the 4 Hour, the market is consolidating between 1205.15 and 1202.21. There is no direction on this timeframe, (2) On the 8 Hour, the market is consolidating between 1205.28 and 1202.76. ...
Ollio's Gold - Supply and Demand