Summary
- The meeting reviewed a comprehensive gold trading strategy based on supply and demand concepts, suitable for different market conditions including ranging, uptrending, downtrending, and reversal scenarios.
- The presenter emphasized the importance of following institutional "smart money" through identifying aggressive buying and selling zones, and waiting for confirmation signals before entering trades.
- Key tactical elements discussed include using price zones, moving average crossovers, candlestick patterns as trade confluences, and disciplined stop-loss/take-profit placement.
- No organizational attendees, dates, or administrative actions were referenced in the transcript.
Action Items
(No action items were discussed or assigned in this session.)
Supply and Demand Trading Strategy Overview
- The core strategy involves identifying aggressive buying (demand zones) and aggressive selling (supply zones) by observing price action and candlestick patterns.
- Traders should enter trades when price returns to these key zones and confirmations align, thus aligning their trades with "smart money" movements.
- The strategy applies in all market conditions: trending, sideways/ranging, and reversals.
Application in Different Market Conditions
Ranging Market Example
- In ranging or sideways markets, supply and demand zones are identified by observing clusters of strong red (supply/aggressive selling) or green (demand/aggressive buying) candlesticks.
- Wait for price to revisit these zones, then confirm with a moving average (8 or 9 EMA) crossover and a relevant candlestick pattern before entering.
- Place stop-loss above/below the zone and take-profit at the next key support/resistance level.
Uptrend Example
- Identify demand zones formed by consecutive green candlesticks and higher lows.
- Wait for price to pull back to the demand zone, then look for a moving average crossover and bullish candlestick (e.g., bullish engulfing) as confirmation.
- Set stop-loss below demand zone and take-profit at the next historical resistance.
Downtrend Example
- Locate supply zones where consecutive red candlesticks and lower highs occur.
- Wait for price to return to the identified supply zone; ensure confirmation via moving average crossover and bearish candlestick formation before entering a short trade.
- Place stop-loss above the last lower high or supply zone and take-profit at the next significant support level.
Reversal Example
- Identify demand (support) or supply (resistance) zones by recurring reactions at specific price levels.
- Wait for price to retest the zone and confirm entry with moving average crossover and significant candlestick patterns.
- Monitor for reversal cues near take-profit; exit manually if reversal signals appear before targets are hit.
Decisions
- Adopt supply and demand strategy with confirmation signals — This approach is validated for use across varying market conditions as described.
Open Questions / Follow-Ups
- None raised or discussed in this session.