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Old 05-19-2008, 08:34 AM
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Sledge Sledge is offline
Sledge is PDF: patient-disciplined-focused

 
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Re: Busy Day Tomorrow

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As always, the Daily-240 will give you a little outer edge structure as far as the major grid zones are stacking up (as per the graphs on prev post). Anna-Maria & Andre have covered a good chunk of it already, so it’s variations on a theme to be honest.
I think this is wonderful- it is the repetition of the information in a live setting that reinforces the learning (for me anyway) So Thank you for your "take" on it, it helps tremedously for all reading the thread.

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Once you got the area’s or zones snagged on your radar, it’s simply a case of matching up your favored triggers/set ups & ensuring you’re striking in harmony with your risk management jotter.

So, looking at this most recent reaction zone on the Daily graph (red border @ 200.0) ideally you want to be buying from those selling into a level where demand exceeds supply. We got a good idea this stacks up from the immediate zone of previous activity to the left on & around mid April.

Price formed another higher low leg having been pitched from a level where supply overwhelmed demand (most recent green grid).
Very nice representation of your "Zones"

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Inexperienced or novice punters will usually attempt to execute way too late or jump on a fast moving train (generally as prices are approaching supply-demand camps). Those are the sweethearts you want to be transacting business with, & by structuring your trades where previous area’s of imbalance have changed hands, you’re increasing your chances of obtaining value whilst minimizing risk.
Ahh yes the herd, one thing we all hope to not be a part of
Thank you again for your take, it is most interesting that the end goal and results are the same, and yet the way it is viewed in one individuals head vs. another is different. When YOU personally look for your trades, you see the same "zones" but in your head you are seeing the set-up in your brain slightly different graphically. Very nice. Very nice indeed!
Aaron

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