Correct. Now look at the 4 Hour timeframe. The team on the 4 Hour has managed to contain all efforts made by the team on the 8 Hour timeframe to increase the price of the instrument over that 8 Hour period. So the 8 Hour may be in agreement with the ...

Ollio's Gold - Supply and Demand

Yes, the link to my live commentary will be posted shortly. You are welcome to join.

Ollio's Gold - Supply and Demand

The play for today depends on the configuration on the 4 Hour and 8 Hour timeframes. You would NOT go Long based on the configuration on the Day unless the 8 Hour was Bullish (remember, you always need at least 2 consecutive timeframes in agreement ...

Ollio's Gold - Supply and Demand

For Gold, your pending short entry may have been slightly premature given the configuration and technical levels being reported by the application at that time. Technically, you should have waited for the 4 Hour and 8 Hour to turn Bearish before ...

Ollio's Gold - Supply and Demand

Thursday May 29, 2014 ------------------------------------ ------------------------------------ ------------------------------------ ------------------------------- Ollio's Live Commentary - Gold, Crude Oil, AUDUSD, GBPJPY Starts : 13:15 EST ...

Ollio's Gold - Supply and Demand

Yes, remember that the Week holds a Bullish Bias above 0.92110 (i.e Long Level). So, if your trading plan was to go Long on the Week, you should wait for the Day to turn Bullish. If the Day does not turn Bullish (if the Day remains Bearish for every ...

Ollio's Gold - Supply and Demand

Agree ... currently the re-entry level into the Neutral zone on the 4 Hour is @1258.91.

Ollio's Gold - Supply and Demand

Looks like you're definitely making good money there zarkon !!!! Good Job!!

Ollio's Gold - Supply and Demand

Don't worry ... much more to come ... the market never stops !

Ollio's Gold - Supply and Demand

I will be posting a new link to my live commentary for this afternoon. Make sure to use the new link.

Ollio's Gold - Supply and Demand

Agree ... time to get a haircut !!

Ollio's Gold - Supply and Demand

Not quite. For Gold, the market is now Neutral on the 8 Hour between 1265.00 and 1263.17. Should the market return Bullish above 1265.00 it will only be momentarily Bullish above that level. On the other hand, if the market returns Bearish below ...

Ollio's Gold - Supply and Demand

Correct. Since we don't have the benefit of timeframes lower than the 4 Hour, we must wait for the market to reload on the 4 Hour to see which direction and how high (Supply Level if Bullish) or low (Demand Level if Bearish) the market is willing to ...

Ollio's Gold - Supply and Demand

Tripr, are we good on Crude Oil ? Or do you want to discuss that with me ?

Ollio's Gold - Supply and Demand

Thanks ! Yes I saw that about three minutes ago ... It should be OK now.

Ollio's Gold - Supply and Demand

I believe the market has spoken ... We must now watch our retracement levels on the 4 Hour @1263.99 and the 8 Hour @1264.04 (see Chart #6 above).

Ollio's Gold - Supply and Demand

Yes, thanks. We now have Demand @1262.10 on the 4 Hour and @1261.06 on the 8 Hour (see Chart #3 above). We are looking for the market to take out these Demand levels (i.e. breach through both these levels) before we make any attempt to go Short.

Ollio's Gold - Supply and Demand

Agree, this may well be the case. However, before we can conclude to that effect, we need to see what the 8 Hour will yield in terms of technical levels, more specifically Supply and Demand. On the 8 Hour, the market is currently in the Passive ...

Ollio's Gold - Supply and Demand

Excellent. Remember to keep looking at the technical levels being reported by the application and adjust your pending order accordingly.

Ollio's Gold - Supply and Demand

Do not enter the market as per your plan for now (i.e. remove your pending order) ... we will discuss this trade setup at the Live Commentary this afternoon at 13:15.

Ollio's Gold - Supply and Demand