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pres78 replied Dec 9, 2015Trading is simple when you follow the volume, know your levels and follow your trade plan. I do this day in and day out without even thinking anymore. It's second nature. EURUSD has only been buys so far this week for me. Are they taking prices ...
Prez Forex (pres78) Trading Journal
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pres78 replied Dec 2, 2015Because I feel like it and I guess you can call me nostalgic. I guess I am holding on to those days when this thread was alive and kicking. I remember at first being overwhelmed because VSA seemed so daunting. Over time through the help of a few key ...
vsa with Malcolm
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pres78 replied Dec 2, 2015This response deals with how I day trade only and is simple enough really. In the AM when I get up 1hr after LO (or at LO if I happen to be awake) I go through and load my day trading profiles 1 by 1. I have a profile for each item (pair, commodity ...
vsa with Malcolm
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pres78 replied Dec 2, 2015GBPUSD - 4950ish is my current key level for the bears. Right now my controlling zone for today is 4940 to 4975 and it is a bear zone. Don't blindly short this zone though as current PA is always king. Remember that zones (the same as support and ...
vsa with Malcolm
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pres78 replied Dec 2, 2015Final trade update PA hit as low as 5:1 so my EA trailed the trade to as low as 3:1 and that is where I got stopped out just now on the push up.
vsa with Malcolm
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pres78 replied Dec 2, 2015That bar is Asia session and unless I was trading Asia I wouldn't care about that bar. Plus on my charts the volume is a spike for sure but still very low volume compared to yesterday's bar and today's LO bar. Edit - also at NYO we are fully below ...
vsa with Malcolm
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pres78 replied Dec 2, 2015I don't understand what your asking. What pair? On both GBPUSD and GBPAUD charts posted today any London zones and zones from yesterday were above PA at NYO so I am not sure what you mean trading back into? GBPAUD I was short biased at LO after ...
vsa with Malcolm
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pres78 replied Dec 2, 2015If one prefers the majors well it works on them too. GBPUSD 1 hr chart. Yellow Zone = yesterday's highest volume 1 hour bar White Zone = today's LO (which at the time was today's highest volume 1 hour bar) LO comes we are still within an unproven ...
vsa with Malcolm
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pres78 replied Dec 2, 2015When day trading I focus more on high ADR pairs (like GA, GN, EA, EN, GCAD, ECAD etc...) and also what pairs are moving nicely (cleaner PA) that day and how / where they are with respect to yesterday's zone. GA for example has an ADR of over 200 ...
vsa with Malcolm
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pres78 replied Dec 2, 2015Got in a bit early and almost got stopped out but fortunately my SL survived and now we've seen a nice push down. Lovely how nicely PA respects the volume levels. Yellow fib = NYO 1 hour zone (highest 1hr volume zone today) White fib = Highest ...
vsa with Malcolm
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pres78 replied Dec 2, 2015Short again GBPAUD, reason rejection from the zone noted above. Quite close to the days low but I can get 1:1 even if we bounce a second time. Edit - chart added.
vsa with Malcolm
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pres78 replied Dec 2, 2015LO for me occurs at 4AM my time. I get up for work at 5AM and usually check my charts before jumping in the shower to see if I can get into any post LO action. GBPAUD, 5 min chart. First vertical yellow line = LO Second line = Second hour of London ...
vsa with Malcolm
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pres78 replied Dec 1, 2015Takes a lot of patience to trade the Daily chart both waiting for set-ups to form and also after they trigger as the play out through the ups and downs but man oh man they are very low stress and very low maintenance.
vsa with Malcolm
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pres78 replied Nov 30, 2015Closed out for 3:1 after we got the highest volume of the day 15 minute bar right at the days high, PA closed below the low and printed a 5 minute ND. That was enough short term weakness for me to want to get out. Moved my SL up to 185.25 locking in ...
Prez Forex (pres78) Trading Journal
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pres78 replied Nov 30, 2015Figured I'd revive my long dead journal (from a different time in my trading career) as a quiet place to share a few thoughts and a few charts with whoever cares to stop by. As I trade a mixture of VSA with my own twist that I call VZA I guess here ...
Prez Forex (pres78) Trading Journal
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pres78 replied Nov 27, 2015Your trying to trade a zone that just printed today which is fine but as I said before until the zone H or L is taken out all you can do is trade within the zone but the smaller the zone the tougher that is. Your short was very limited by how close ...
vsa with Malcolm
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pres78 replied Nov 27, 2015That is a personal preference on what type of entries do you like and trust. Low volume, high volume or a combination. What ever entry types are in your trade plan can be taken from the levels.
vsa with Malcolm
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pres78 replied Nov 26, 2015Closed this trade for 2:1 as PA stalled. Now watching as we return back to the 2.0870 level. This approximate level is shared now by 2 hourly and 1 four hour zone. I will want to see if the bulls hold or fold this level.
vsa with Malcolm
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pres78 replied Nov 26, 2015Theoretically yes. However a zone usually doesn't go down without some sort of fight and UHV. That usually will end up giving us a new UHV zone to trade from as the bears take over the bulls or the bulls take over the bears. It's all about effort ...
vsa with Malcolm