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- jackeollio replied Dec 6, 2016
Good to see you hoss. Haven't seen you in a long while!
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
The chart below shows that the previous 4 hour market did not close below the key market level @1169.20 of the Low signal on the 4 Hour timeframe. As a result, the market failed to reverse short and so it remains Long. We must now wait and see if ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
It is very much possible, however the important one is the one on which the analysis relies upon. There may be a significant difference in the ask price between your platform and the analysis platform (usually between 0.10 and 0.50). The Close on ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Caution: Do not short the market yet. The market - the last 4 hour candlestick - has failed to close below the key market level of 1169.20. Consequently, the market remains in a Long market cycle. There is a high probability the market will return ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Correct, being in a short market on a higher timeframe (i.e. Day) suggests we take our profits on our long trades while we let our short trades run. In other words, we are looking for a Low signal on the Day timeframe to exit our short trades.
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
No, in this particular case, I would not only have used the Long level @1175.19 to determine my RR but also as my take profit level. Correct, you could also remain in the trade and wait for a new High signal on the 4 Hour timeframe. Those are the 2 ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
I guess, by now, hopefully everyone can see how accurately the FIA is able to track the market in either direction.
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
On the 4 Hour chart in Post #1,261 above, the market reads as follows: (1) the market remains Long while above the Long level @1169.20 of the Low signal generated by the FIA at 4:00 on 12/6/2016, and (2) the market remains Short while below the ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Using the FIA, the financial markets are extremely easy to understand. In fact, anyone with a minimum of training and guidance can trade successfully using the FIA.
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Theoretically, the answer is yes. However, practically speaking, this type of entry would be rather risky considering we are very close to the entry for a Short trade on a higher timeframe. A better strategy would be the following: (1) wait for the ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Using the High signal generated by the FIA on the 4 Hour timeframe in Post #1,240, you would have opened the following trade: Short @1175.27, Stop Loss @1175.91 (or slightly above) You then wait for the FIA to generate a Low signal on the same 4 ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
From the last chart posted above, you see that the 4 Hour Short market indicated by the FIA in Post #1,240 above is complete. We are now in a 4 Hour Long market while the market remains above the Long level @1169.20. For the market to reverse on the ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
That's ok but remember, the method I have described is a guideline on how to estimate your profit. In reality, your profit might turn out to be significantly higher (or lower) since you need to wait for a Low signal on the Day (which is the real ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
For your entry on the 4 Hour High signal, your entry you be as described in Post #1,244 above which means your risk would be 64 pips to which you need to add a buffer. I usually set my Stop Loss 1.00$ above the Short level indicated by the FIA. Such ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Excellent question! You use the technical levels on an opposite signal on a higher timeframe. For instance, if you get a Low signal on the 4 Hour timeframe, you will enter the market Long. To establish your RRR you simply need to look for a High ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Using the FIA, you trade only the Highs and the Lows on any given timeframe. Which means that, in the case of a short trade, you enter your Short trade on a High signal and you take your profit on a Low signal. You do need to consider demand levels, ...
Ollio's Gold - Supply and Demand
- jackeollio replied Dec 6, 2016
Alternatively to the entry proposed above, if you consider the risk to be too high, you could choose to attempt an entry using a lower timeframe which is also in a Short market cycle. For example, you can choose to enter based on the technical ...
Ollio's Gold - Supply and Demand