Ok fellas.......thanks to all for posting your G/U zone perspectives. Here's the thing though......none of your charts agreed with what I thought I'd learned from "Sam" having watched his webinar that SG posted the redirect to.
Pennies....remember that "Sam" declares that the fewer candles the better for validating the liklihood of a SD zone, not consolidation zone. There's my dilemma. However.....it's obvious that you are drawing your CZ lines off very real places of support and resistance. I believe your zone is accurate unto itself and applicable but not according to "sams" definition of a TD zone. Btw, he too avoids "lagging" indies. He doesn't use them. But he also doesn't claim to have 80 to 90% successful trades. All you guys appear to be doing better than him. Interesting. Also, I get it about ignoring the wicks for the most part. They are not a key part of zone ID.
SG.......not tossing your chart, but I'm looking for a zoomed OUT chart from you. If you don't have time, don't bother and I'm not offended. Just trying to find that "Fresh" SD zone on the bigger chart picture going back to 2005 or so.
stkjunky.......I have huge enthusiasm in your "trending" chart setup so please keep me posted as you see changes that enlighten you as the chart evolves from here. I too entered too early and I knew I did but now I am worried it may prove to be a lot earlier than I expected.
SO....I am going to watch Sams vid again and refer back to your charts during the process of watching his webinar again. Also.....my concern over the weekly chart is that I am convinced there is a "fresh" supply zone that can be located on the weekly chart going back maybe into 2007 and we are seeing the price move up to retest for a maybe a third time the top line of a multi year WEEKLY wedge pattern which I can't tell for sure whether it is bullish or bearish and like all major pattern borders and more importantly SD zones, the price will move almost explosively as it did back in august of '08 when it began the 5800 pip drop which didn't have an initial bounce until over 2,000 pips had racked up against hte longs.some 6 mos later. Now I know there are 50 to 100 pip bounces to be found in between that 2,000 pips, however the point I'm trying to make is that I don't want to be on the wrong side of the GU breakout of the weekly chart pattern if I can help it and I want to fully understand not only where the truly "Fresh" SD zones are but how best to trade and hold the trade. That's why I was hoping that stkjunkys charting method would help stay the trade once taken and the TDI could help confirm sound entries considering the fact that the price can move in and around the zone lines or never hit the zone as "Sam" says which risks missing the trade altogether. So...I will watch "Sams" vid again and get back with you guys. OK? LOL
