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pres78 replied Apr 12, 2016Hi Gav, Sorry for the delay in responding but I really wanted to wait for a live example. GBPCAD Daily ND/UT into the low (and closed below the L) of this months highest volume Daily bar (April 7th). This zone was great as it printed as a rejection ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016Ok well there goes 8285... Now will we test and hold below it?
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016GBPCAD - Bit of a battle going on right now at the Friday low (8285) and the RN 8300. Currently we are sitting between the two after making a new LL. I am still heavily bearish on this pair until PA and the zones change my mind
... I will be ...Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016
Not surprised that we are seeing some buyers support at the weekly L. All good, buyers = more filled orders for the sellers
... Next bump in the road will be the Friday low (lowest weekly low since 2015). Then if that is cleared we ...Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016Ok nobody likes GBPCAD
! What about EURUSD? Some lovely shorts on that pair today. Both into TVZL and YVZM (some beauty 5 min ND's)... Did anyone make money off those?Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016GBPCAD keep your heads up, we are currently below and testing up into TVZL. Watch for sellers reactions here or even up at TVZM.
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016FYI... There is still 254 pips left in AWR if/when we get below this weeks low (L of Monday).
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 12, 2016Check out that PA on GBPCAD lovely mark-up into YVZM. In fact if you look at the 4hr chart (on a NYC broker) we were not even able to close above the L of Y 1hr VZ. Sellers still seem to be in control. Other CAD crosses are showing similar PA with ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 11, 2016So far so good but still a few hours till close so we will see. What I love the most about this set-up if it does play out as a Daily ND is the fact that today made a just ever so slightly HH than Friday. Pinged into that 8500 level and fell off.
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 11, 2016GBPCAD - I Would love to see a close below 8376 today... If the daily volume stays low and we close below that level I will be looking to take a Daily ND entry and will be planning to hold for an undetermined length of time... There is some room to ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 11, 2016GBPCAD is up challenging Friday's high. Let's see what happens from here as NY comes to the table.
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016For fun open your GBPCAD 1hr chart and put on 2 zones... the YVZ (Thursday) and then put on the zone for Wednesday... Check out where priced stopped almost to the pip on that LO mark-up. The volume on Wednesday was higher than the Thursday zone and ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016So I changed my mind. Rather than limiting myself to 8300 I pulled all of my TP"s and will close all trades out one of 3 ways (in this order)... If I see signs of buyers taking over If the market hits my SL as I trail them down Before end of day ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016Been a great couple of days shorting GBPCAD. Is there further downside today and next week? Quite possibly. As I said yesterday this pair is at a key monthly tipping point. I have decided that I am closing all of my shorts right around 8300 and not ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016Wow great CDN data... added more jobs than expected and unemployment rate dropped 0.2%... should be good for my shorts.
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016Chart from around the time I made those posts. Yellow zone = Wednesday zone, white zone = Thursday zone (ended up being the zone for the day, now changed to yellow for Friday trading)...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016We have CAD news coming up 15 mins and 30 mins after NYO so I will be making sure my trades are all properly protected so as not to give back too much if we see a shift but not too close as to get spiked out if we see CAD strength continue post news. ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 8, 2016GBPCAD and the weakness continued today... check out that awesome LO mark up bar to fill more sell orders which lead to even lower prices. I hope others besides me are profiting from this pairs weakness. As I said until I see buyers and the zones ...
Prez Forex (pres78) Trading Journal
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pres78 replied Apr 7, 2016GBPCAD 5 min chart we just saw a pres78 2BR type 1 off the TVZL... closed right at 50% of bar 1 rather than under it so... almost perfect but not quite...

Prez Forex (pres78) Trading Journal
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pres78 replied Apr 7, 2016Bounce off YVZL and back up testing TVZL... let's see what happens from here.
Prez Forex (pres78) Trading Journal