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pres78 replied Jan 14, 2016If anyone has already read post 391 (before the time of me writing this post 392) I edited the crap out of it due to typos and unfinished thoughts. Please re-read it.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016Levels... take a look at today's PA on EURUSD, 1hr chart only for this post. Last hour before LO we moved down into the zone 50% from yesterday. Up we go. LO we print a wide range bar on the highest volume of the day. Next hourly bar tests the H of ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016If you look the move up into the 50% actually made a new zone today and as we can see was full of sellers despite being a bull looking bar. Also the H of the zone was NOT breached. It was only a false move above that was not sustained, nor tested ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016Yep, you will be amazed at how well price respects the zones. You really need to have a basic understanding of VSA terms and what a few bar types are to really follow along as I do make reference to some VSA bars for entries. It will all come ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016I was hoping more would participate on the 3 bar pattern question but I guess not... will post something on it later. When setting up your charts for the next day I ONLY place a fib on the highest volume 1hr bar. I do not care what the spread of ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016I may add this to the FAQ on post 1 as I do get this question a lot. I ALWAYS have the zone from yesterday on my chart when the new day starts. Then I zoom out and look to see if I can find a recent zone above and below the current in play zone that ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 14, 2016Welcome. Not at all, that was a nice set-up. Well I hope you can carry on and take this method to it's full potential this time around!
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 13, 2016This has been on my to do list for close to 2 years now
... Unfortunately that is a trading convenience and not a need at this point so it keeps taking a backseat to other more pressing matters. I guess part of me likes spending 10 mins a ...Prez Forex (pres78) Trading Journal
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pres78 replied Jan 13, 2016EURGBP today the zones from both the 12th and 11th came into play. At LO we were well away from the Jan 12th zone... where were we? At the Jan 11th zone. We find support at LO and up we go back to the Jan 12th zone. As you can see there was supply ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 13, 2016Jan 12th highest volume 1hr zone that day which printed right at the days high as noted. See the two charts, the white fib.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 13, 2016This EA is only for trade management and is not to make decisions about closing (or entering). It either closes at my fixed TP or once trailed out. I can decide whether to close half also (which happens at 1:1) or can take half off at anytime. I ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Seems to have been some decent GBP buying across the board. Most GBP pairs seem to be setting up for at least at day of GBP strength tomorrow. We will see however if things change over night based on where we stand at LO.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016I just updated post one giving a link under the pres78 2BR section to VSAgav's great chart example.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Looks bang on Gav. That was a nice one and at NYO to boot (and I mean right at NYO). Closed fairly tight to the 50% level so I think one could have gotten 1:1 for sure before the H which as we can see did offer some temporary resistance. As we can ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Got an afternoon short running on EURGBP. Today's zone right at the day high. We closed back below the low and printed a nice ND. Pending at the low trigger on the next bar and away we went. Will trail down to the H of yesterday's (if we get there).
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Just updated post 1 with a few FAQ to get the ball rolling. Still more things to add I'm sure and I will let people know when it's been updated but take a peek. They are not in any special order, just how I thought of them in.
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Now I'm not one to short from a zone H (unless I am scalping the zone itself - disclaimer - much more risky and not recommended) especially when the zone low is still intact. Even if the zone low has been taken out I am very hesitant to short from ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016Trade Management - Specifically Trailing So I have a question that I'd be curious to get some feedback on. Currently when I use it to manage my trades my EA will trail per the following rules; Move to BE at 2:1 Move to 1:1 at 3:1 Move to 2:1 at 4:1 ...
Prez Forex (pres78) Trading Journal
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pres78 replied Jan 12, 2016I took a Gold short also couple hours after LO. LO happened as a mark up into the low of yesterday's zone but I didn't see anything I liked so I waited for a break out of the LO zone and took the ND into the low with an entry at 1094, SL was at ...
Prez Forex (pres78) Trading Journal