But now today at LO the same 3 pairs EURCAD, USDCAD and GBPCAD only gave me one entry I liked which was a 5 min ND on EURCAD into the LO zone L. USDCAD gave an almost ND but I chose not to take it (wish I had ​) and GBPCAD was a ranging mess so I ...

Prez Forex (pres78) Trading Journal

Yes I will do a quick scan to look for correlation in movements across several pairs so that I can open multiple trades. Like yesterday the only reason I broke my rule on the EURCAD ND was because of the correlation weakness seen on USDCAD and ...

Prez Forex (pres78) Trading Journal

Here are the charts with my entry signals highlighted. All were nice entries except for EURCAD where I broke my own rules to enter. I did so based on the obvious weakness I was trading on USDCAD and GBPCAD... GBPCAD pres782BR GBPAUD 2BR (almost by ...

Prez Forex (pres78) Trading Journal

​Gav sorry it didn't work out this time. Again though it seems 1:1 could have been achieved (depending on SL)?

Prez Forex (pres78) Trading Journal

​Sorry to hear that Dara. Were you not able to bank any at 1:1. Looking roughly at the ND and where your SL was and then the low on that swing after the ND it looks close.

Prez Forex (pres78) Trading Journal

No need to thank me. You guys are the ones finding and taking the trades and putting in the effort to learn how to put the advantage I have presented here to use.

Prez Forex (pres78) Trading Journal

Fun trading today. Draghi really fired things up. One of my best trades today has been on USDCAD. My poor weak CDN $ has shown some life today. Perfect set-up, plus other chances to get short too... LO we opened above the zone L but below the hinge. ...

Prez Forex (pres78) Trading Journal

​My trade plan says I can take pres78 2BR at market. This is really the only set-up I will take at market. That said you could also do one of the following (any should be tested before being implemented into a trade plan); Set a pending at the H of ...

Prez Forex (pres78) Trading Journal

​I prefer to use high impact news to produce new zones but yes when I have time I will also trade during news. If I see a great set-up leading into news I will take if however we as traders need to recognize that we may get whipped out during the ...

Prez Forex (pres78) Trading Journal

Well you were right on the direction and the zone 50% did hold. See also how price had stopped and found resistance at what was yesterday's zone 50%. Hate to see people lose but it happens to all of us and sometimes you just get caught with either ...

Prez Forex (pres78) Trading Journal

If there is room for proper R:R take the short from today's zone using yesterday's zone H-50% as a target and expected bounce point. Now it doesn't mean we have to close 100% because we hit yesterday's zone as if the market is weak and the SM plan ...

Prez Forex (pres78) Trading Journal

Just updated post 1 with a VZA basic rules / chart set-up section right above the FAQ. Hope this helps. If anyone sees anything they think I've missed or that should be added let me know.

Prez Forex (pres78) Trading Journal

That is/was the highest volume zone today however to start the day we need to have a fib on the highest volume 1hr bar from yesterday. If we don't get a set-up into that zone then yes we can start to trade today's zones (usually focus on market open ...

Prez Forex (pres78) Trading Journal

0 trades today. Between lack of news and US bank holiday I decided to take the day off. Let's see what tomorrow brings! Some pairs had strong moves overnight others have just been drifting.

Prez Forex (pres78) Trading Journal

​Dr. P, I have read this post and looked at your chart a few times now and I have to admit you've lost me on this one. I am not sure what the red line in your chart is actually showing. I understand I guess what you are saying about a MTF indi to ...

Prez Forex (pres78) Trading Journal

​Price action is just that... what action is the market doing? Yes the good old market structure of HH, HL in an uptrend is an example of price action but then again so is testing or consolidating. You need to read the context in which I made the ...

Prez Forex (pres78) Trading Journal

I will at some point add this to post 1. Family life took over this weekend so I accomplished nothing trading related. This week hopefully. I will also respond to the 3 bar pattern... I need more time!

Prez Forex (pres78) Trading Journal

​Dara, You are on the right track with getting some rules written in stone. Rules are key to success. You are on the right track and have your beta version based very much on what I described in the basics of VZA chart set-up. That said and as you ...

Prez Forex (pres78) Trading Journal

​He who does not understand and is to proud to ask remains lost forever. I am a big believer in the teaching a man to fish philosophy verus giving him the fish. That is why over the years I have turned down countless requests to sell my signals or ...

Prez Forex (pres78) Trading Journal

​That's correct except for me the bar before the wide spread down bar was actually higher volume than the LO bar as was the bar right after LO. As always we can only trade what our charts are giving us. You are right about the zone for tomorrow.

Prez Forex (pres78) Trading Journal