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pres78 replied Jan 27, 2016Just added an abbreviations section to the 1st post because I'm tired of typing out certain terms over and over. Hope it helps other understand my future posts better.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 27, 2016Keep a close eye FOMC in a few minutes.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 27, 2016Well that went well. Hit 5:1 in under 20 minutes. Closed half at the YVZL for 2:1 (and moved to BE) letting the rest run to a fixed 5:1 TP which was also just shy of the ADR.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 27, 2016GBPUSD in short at 1.4302. 5min ND into 50% attempting to scalp the zone again looking for the Y zone low. We went up and failed at the H of T zone and are now under the L of T zone and 50% of Y zone.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 27, 2016This was a shot in the dark, check out the PA at yesterday's 50% on the hourly chart. Currently we are back testing the H of today's zone and the H of yesterday's zone. Closed above Y and below T. See if we get a break and test entry for a long.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 27, 2016GBPUSD pending short at low of 5 min ND that just closed below yesterday's 50%. If triggered will look for a return to the zone L. Edit - pending killed we are back above the hinge.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 26, 2016Seems that the buyers still have steam. Now we need to see if this is a real break of the hinge or a mark-up to fill sells. Let's see!
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 26, 2016Sticking with crude check out two things... After we hit the zone L we found support at 50% of what was now today's zone (3rd hour of London session) Look at what is now today's zone (2nd hour of NY session)... H = 50% of YZ and 50% = L of YZ Volume ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 26, 2016Crude gave an example of something I spoke of previously. LO we are well away from yesterday's zone (close to the ADR from 50% to 50%). We end up taking out the H of the LO zone and get a pres78 2BR into the H (which is trading against the bias of ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 26, 2016I was asked a question on another forum about how I find my trades. The question was posed to me by a friend and long time supporter about how does one know to watch a certain pair or a certain TF to catch the trades for that day in the ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 25, 2016So this has not come up yet on this forum but I have received countless PM's asking me the following; "If we are above the hinge of yesterday's zone at LO why not keep it simple and just set a pending long at the H and a pending long at the 50% with ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 25, 2016Messy PA today. I'm really starting to hate Monday trading. EURUSD I'm sitting firmly on my hands until we are above 1.08458. See how today at LO we closed above 50% of Friday's zone and then went back and even printed a ND below the 50% however we ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 25, 2016Yes having the LO zone below (or above) yesterday's zone adds to the confirmation of direction IF LO keeps PA under 50% (or over 50%)... otherwise if the LO zone is a good distance away from yesterday's zone we could see a brief reversal trade from ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 25, 2016It is only OK if you are scalping the zone and shorting a ND from the zone H. To take a ND above the 50% level and not as a scalp from below the H is WAY to risky (so is scalping the zones if you don't have top notch PA reading skills and you MUST ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 22, 2016Yes that is the one. Got stopped out to the pip for 2:1 after hitting as low as 4:1. SL was 30 pips (which again is wider than I like) but the location made sense and the pairs ADR is over 180 which at the time of entry meant that we still had room ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 22, 2016To save a lot of back and forth posts discussing this matter I have added a poll (see top of page 1) for people to vote on to try and gauge the interest in having a live session at some point down the road.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 22, 2016Valid points and concerns for sure. Reality is we might have 5-10 people at the most so shouldn't get too bad. I agree too that only having me live talking might be a good choice with typed questions only from others. All things I will need to ...
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pres78 replied Jan 22, 2016I wanted to put something out there that I have been contemplating for some time and would like some feedback on if I may. I have been thinking about doing one of two things IF time allows; Making a video of my screen during LO review and then stop ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 22, 2016I did not trade this, this is an example of using the LO zone because we are away from yesterday's zone. EURGBP - LO white zone as we can see was and still is today's zone. We are below yesterday's zone and as we can see we take out the L of the LO ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 22, 2016Was that a 4hr zone? Using 1hr zone from yesterday and LO zone today (which was and is the highest volume today) there are 0 trades on that pair for me when looking at 5min to 1hr charts. I am not posting this in the trading systems as I don't feel ...
Prez Forex (pres78) Trading Journal