agree Jack. just thought he was confusing R:R with trade direction(bearish at the time). that's all.

Ollio's Gold - Supply and Demand

Greg, the R:R, in your case, has nothing to do with the probability of the trade's outcome, which is bearish by all accounts. The R:R only refers to your risk vs. the reward to be had. I know you know this but it seems in your post that you are ...

Ollio's Gold - Supply and Demand

Gold is not updating for some reason.

Ollio's Gold - Supply and Demand

the day has reversed to bearish, are we now looking for shorts or just wait until 8:00 reset ?

Ollio's Gold - Supply and Demand

Jack, what are your thoughts on this scenario and how can the 8h be in consolidation(is this a misprint ?) ? also, how would you play this, if at all ? image

Ollio's Gold - Supply and Demand

should've taken the profit down there at 1270 area...shoulda,woulda,couda. gave some back.

Ollio's Gold - Supply and Demand

[quote=jackeollio;7515376] no way i'm letting it go back to 102.82. guess we got to wait on the 12:00 reset to see if can add more.

Ollio's Gold - Supply and Demand

[quote=jackeollio;7515328] may not get there today but am watching for that for sure. may try to add on if can get to a retracement level.

Ollio's Gold - Supply and Demand

[quote=jackeollio;7515252] it may have looked the same on the ltf's but not on the 4h, 8h and day. i guess the mkt is dead now, everything is gray and neutral...kills me. hopefully crude keeps pushing down...been short since yesterday.

Ollio's Gold - Supply and Demand

[quote=jackeollio;7515220] This time, I've taken a snapshot of the lower timeframes ... I will show you the charts in the Live Commentary today and I will explain what your strategy should have been given the technical levels being reported by ...

Ollio's Gold - Supply and Demand

i would love to know what the ltf's were showing when gold broke out to the upside 10 mins ago. the 4h, 8h and day were all bearish ! missed this move entirely...bummer.

Ollio's Gold - Supply and Demand

mine seems to be working.

Ollio's Gold - Supply and Demand

it will definitately bring new info, just hope its bullish and a decent supply #. gold is painfully slow to trade due to all of the consolidations its been going through. it should pick up some volatility as we get further into summer.

Ollio's Gold - Supply and Demand

bubola, in my view it says be long. but the 8h supply level is right in your face which, to this point, has proven to be resistance. so your R:R is not good imo. but you could still be long with the day and wkly supply levels as targets. that is ...

Ollio's Gold - Supply and Demand

bubola, depends on your personal R:R. Jack likes a 5:1 but you may like something like a 2 or 3:1. if so, you can target the wkly. supply with a s/l set accordingly.

Ollio's Gold - Supply and Demand

gold still not updating. someone wake up Jack and let him know.

Ollio's Gold - Supply and Demand

sounds like you been drinking Jack. ha

Ollio's Gold - Supply and Demand

well, if it's not going down it must be going up. what say you Jack ?

Ollio's Gold - Supply and Demand

gold will drive a man to drinking.

Ollio's Gold - Supply and Demand

went right to that number and reversed ! i'm hoping 1hr supply turns 'em back down, which just got hit.

Ollio's Gold - Supply and Demand