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- jackeollio replied May 14, 2014
Immediately upon open of the 8 Hour candlestick. As soon as I knew what the Long Level was on that timeframe. Note that if you had been scalping the market, your optimal exit would have been at the upper boundary of the Neutral Zone on the 8 Hour ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 14, 2014
The answer is YES, I would be Long as the 8 Hour timeframe opened and I would have used the Long level as a Stop Loss for my entry. Unfortunately, I did not take a snapshot of the Chart at that moment so I cannot tell you what the Long level was at ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 14, 2014
On the Week, I definitely expect Demand to overcome Supply based on the fact that the Long level @1310.69 is now above the Supply Level @1309.13. This is an indication that Demand will overcome Supply. Once this happens, we will have a Low on the ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 14, 2014
Definitely looking to go Long. Now since the market is hovering at the upper level of the first Active Consolidation Zone (see Chart #1 above) between the 4 Hour and 8 Hour timeframes (i.e. Bearish below 1301.37), my plan is to wait for the market ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 14, 2014
Wednesday May 14, 2014 Chart #1 We have an Active Consolidation Zone as the market is simultaneously Bearish below 1301.37 on the 4 Hour and Bullish above 1295.18 on the 8 Hour. On the 4 Hour, the market is Bearish below 1301.37 with Demand ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
I have designed, built, tested and used the system over a number of years (approx. 2-3 years now) which doesn't include the R&D. The R&D itself represents about 4 years of work for a small team of individuals. As for my results (i.e. success with ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
No, there hasn't been any webinar yet ... I confess I've been dragging my feet and haven't lived up to expectations. That being said, rest assured that I am well beyond the planning stages. I had a few personal things to deal with lately which kinda ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
Those of you who have access to the application will notice that the Demand Level @1291.41 on the 4 Hour is approximately the same as the Retracement Level @1291.32 on the 8 Hour.
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
My decision to enter or not enter the market has nothing to do with whether there is or isn't upcoming news or even whether it is major news or not. I base my decision to enter the market strictly on my interpretation of the technical levels ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
I'm not sure what you're asking. Do you want to know whether I would have entered a trade or not because there was news at 8:30 ? Or whether, in general, I fear (i.e. choose to stay away from) the market when there is upcoming news ?
Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
You should have asked me that question earlier this morning, let's say at around 8:00 ...
It's rather easy to answer now that we know the outcome. I'm assuming that what you want to know is my rational for entering a trade this morning. First, ...Ollio's Gold - Supply and Demand
- jackeollio replied May 13, 2014
Tuesday May 13, 2014 Chart #1 On the 4 Hour, the market is Bullish above 1290.76 with Supply @1296.16. On the 8 Hour, the market holds a Bullish Bias above 1289.00. The market returns Bullish above 1293.79 and Bearish below 1289.00. On the Day, the ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 12, 2014
Now I see what you were saying. Thanks.
Ollio's Gold - Supply and Demand
- jackeollio replied May 12, 2014
Absolutely correct. As I've mentioned before, myself not being a scalper, I rarely have those setups in mind. Also, I believe that for a scalper lower timeframes would be more suitable. Below is an example of more suitable timeframes for scalping ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 12, 2014
We're you thinking of scalping the market (sorry, I should of asked you that question before answering your question) ?
Ollio's Gold - Supply and Demand
- jackeollio replied May 12, 2014
Referring to Chart #5 above, the Supply level on the 8 Hour is @1308.77 while the Supply level on the Week is @1309.08. Even though these two levels are quite close, I would not be looking to take a short at those levels. The reason being the ...
Ollio's Gold - Supply and Demand
- jackeollio replied May 12, 2014
On the Day (see Chart #4 above) we now have a Retracement Level @1287.29 which is pretty close to the 1288 level you are referring to in your earlier post above. I guess we can say that we're on the same page !! Also notice on the Week, the Long ...
Ollio's Gold - Supply and Demand