Thanks for stopping by and sharing your view. You are right that there is some open space down there. If we take out and hold below 1.0790 there isn't much in the way until we hit 1.06 due to that crazy Dec 3rd PA. However first things first we have ...

Prez Forex (pres78) Trading Journal

Late in the day but the set-up was nice and room for at least 1:1 back to the days low. We got a 3BR (pin bar in the middle included but really irrelevant) with the down bar closing back below the low of today's zone (shared level with a Dec 3rd 4hr ...

Prez Forex (pres78) Trading Journal

Not seeing that. SM taking advantage of low liquidity and lack of resistance to do some damage. The close of the current 1hr and 4hr bars (both closing in 3 minutes) should give some clues to the validity. I use NY close charts (end of day is 5PM ...

Prez Forex (pres78) Trading Journal

OK High5 now USDCAD is at a decision point. Triple top where we've seen sellers each time. Touch 2 resulted in a HL, now will we get a confirmed HH followed by a re-test of the resistance break and higher prices? Time will tell and the volume zones ...

Prez Forex (pres78) Trading Journal

It's a bar pattern that also involves the volume reads. There are a few different types of 2BR's out there. My favorite is the one shown on that 5 minute chart and must meet my specific rules for the pattern to be valid (which I've talked about ...

Prez Forex (pres78) Trading Journal

Your going to have to clarify what your asking. I like to look for old zones above and below current PA at around the ADR for the pair as possible targets as they could serve as resistance and or possible turning points. That said I trail my trades ...

Prez Forex (pres78) Trading Journal

Where are the zones on your chart? I don't see anything VZA on there. We are above yesterday zone and today's zone, why short? USDCAD = longs only for me today. Today we tagged both the 50% and H of yesterday zone giving a few chances to get in ...

Prez Forex (pres78) Trading Journal

SL hit. It happens. Trade was risky.

Prez Forex (pres78) Trading Journal

Will add a second long at 1.0956, SL will be 1.0950, TP 1.0992 for 6:1. Let's see what happens... still within the zone so risky... As always not a trade call nor a recommendation . Just me talking to myself in my journal .

Prez Forex (pres78) Trading Journal

Long again EURUSD... Entry 1.0952, SL 1.0944. Target 1.0992 for 5:1. Will trail using EA this time. BE at 2:1, 1:1 at 3:1, 2:1 at 4:1 and close at 5:1. Again still a risky trade as we are within today's zone however we seem to be forming a base ...

Prez Forex (pres78) Trading Journal

Definitely still seems to be some buyers present at the 1.095ish level. Some volume coming in. See if it's buyers building or sellers absorbing.

Prez Forex (pres78) Trading Journal

Last 15 minute bar was ugly, wanted a close over 1.097... It went up and failed on ND (1 minute chart, I was zoomed in watching how PA played out at that level, hoping for a bulls push) so I closed for 1:1 at 1.0966.

Prez Forex (pres78) Trading Journal

EURUSD long at 1.0955, see you at 1.1. SL 1.0944, Target 1.0999 for 4:1 - firm target, low of yesterday's zone which is for currently a bear zone. Will take off half at 2:1 and BE the rest. We are within today's highest volume zone so this is a ...

Prez Forex (pres78) Trading Journal

I was asked on another forum how I select what to trade that day, I gave a very detailed response. Today based on that very part of my trade plan when I looked at EURUSD I would have been a seller at LO (had I gotten up in time ). Tuesday I ...

Prez Forex (pres78) Trading Journal

Fill your boots. A little company would be nice and I'll try and help if you have any questions when I'm around.

Prez Forex (pres78) Trading Journal

So we've hit 12:1, SL locked in at 10:1. Pretty close call earlier but survived. I suspect this will get stopped out during Asia session.

Prez Forex (pres78) Trading Journal

Update... keep on climbing baby! Trade 1 - after a near stop out on an earlier retrace, currently the trade sits at 11:1 hit, locked in at 9:1. SL now just below 1.1 currently at 1.0995.

Prez Forex (pres78) Trading Journal

Nice re-test / touch of that 1.095 level which is good for the bulls. Right now we are contained within today's highest volume 1hr zone. A break of the high will be key for further upward movement. Let's see how the day closes and where we are come ...

Prez Forex (pres78) Trading Journal

Update Trade 1 locked in at 6:1 (hit 8:1 so far) Trade 2 locked in at 8:1 (hit 10:1 so far) Edit - Stopped out at 8:1 All being managed by my EA while I work. Gotta love it.

Prez Forex (pres78) Trading Journal

EURUSD key 30 min bar close for the bulls above that 1.095 level (Watch for a possible re-test before pushing much higher, that hold on re-test (if it occurs) is the key). If the re-test happens and holds (or if the bulls just keep pushing) then 1.1 ...

Prez Forex (pres78) Trading Journal