Romancing the Price

There are many different ways to skin the same cat!

<hic> aye aye <hic> captain. Brandy and Cristal champagne it is

scalped all lower 3 sells before nfp.. my reasons of selling those scalp shorts on the left..

THANKS Guys.. you all have nice points...

gold..

silver and uchf..

similar train on gold.
had a little help from "time" as well

ken gave me a call on skype for the gold long. i paid him $50,000 a motnh for a service for his signals.



who am i kidding !
just for laughs

crude..

cable.. these were taken for scalps only.. tgs being expanded.. most likely i'd have scalp them much earlier but i was busy with others..

also closed some older trades..

How come this thread is not more viewed than EU thread ?

I am glad I just discovered it. A lot to learn...

Ken, do you accept PMs ? Will you be my mentor ? Where can I find brandy ? Can I pay with pics of big boobs ? Will Obama be reelected ?

looks like emene is feeling bit creative under the influence of some liquid stuff i guess..

closed upper ones.. missed better close..

A couple of thoughts on two elements of Supply/Demand Zones.

A very important aspect in determining quality Supply/Demand Zones is how price leaves the zone. For me, there is no zone until the subsequent price action confirms the zone existence.

The idea of "how price leaves a zone" can be very subjective and cause a lot of problems for those new to Supply/Demand trading. While my zone are not created the same way as most here are, I believe this might help.

Strong Continuation:

A good zone should have what we call strong continuation price action. One definition of Bearish Strong Continuation would be- a minimum of 2 consecutive dark (open>close) intervals closing lower with lower lows and lower highs prior to the next swing.

Take a look at the chart below.

On the right side, after we see a Drifter, we get three (3) consecutive dark intervals closing lower. Closing lower than the low of the Drifter and each other. And these intervals are also making lower lows and lower highs.
This type of price action is clearly bearish and indicative of a change in the Supply/Demand Dynamic.

Closing a Zone:

Again, Supply/Demand Zones are not the same thing as Support and Resistance. Support and Resistance can reverse polarity. That is to say, Support can be violated and then become Resistance. Or Resistance can be violated and subsequently become Support. This is not the case with Supply and Demand. Supply is consumed. Demand is consumed.

Take a look at the chart below.

The Supply/Demand Zone shown in green is a closed zone. It is closed once there is a close below it. Technically, we need price action above the zone, price action through the zone and then a close below.

Let's be clear, I am not saying these are the rules that everyone must follow. What I am saying is that if you have defined rules you can be more consistent. Consistency with what you call a zone and when you call a zone closed will lead to consistent results..

interesting view, thanks for this insight

closed remaining oz sell..

few..

closed all.. unfortunately, i wasn't around on previous peaks..

closed all..

closed.. still have another buy running from bit lower..

closed 2 buys.. still have 2 more buys lower..

gold +125. tl retest + demand.

closed the final short..