GM all. I've been following along loosely with the zone method of trading and watched sam's painfully unedited 45 minute video a couple times before I began to maybe somewhat understand what he's looking for in determining zone areas and boundary lines of those zones.
What Sam is determining to be zones and what pennies has annotated to be zones sometimes appears to differ from each other. I'm wondering if pennies "CZ zones" differ from Sams zones by definition of identification. Sam's always looking for "Fresh" zones, which are a bit tricky to locate, for me at least, and he's defining those zones to have fewer candles in them than not, as numerous candles indicate that a zone may not be a true "supply" or "demand". For instance, the GU 1 hour chart shows a most recent "zone" with price topped out at 1.61625 and the zone boundaries being at 1.61412 top and 1.61200 bottom as far as I can tell. but there were 11 to 13 candles in that "zone" or what we'd normally call a "wave". So by Sams definition or rules, that may not be a true supply zone. The top line does equal or match up with the 88.6fib on that entire most recent wave down from the most recent top however.
Now maybe the GU 4 hour allows the most recent top candle formation to be called a "supply" zone but it barely appears to be a zone to me with only 5 candles total and no real defined boundaries to annotate on that potential zone area. I guess we'll see how price action behaves around that 88.6 fib line and the current top.
