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pres78 replied Nov 20, 2015I prefer to take long off the top of the 50% or H and shorts of the low of the 50% and L. My A++ set-up of course would be off the H and or L as when taking a trade off the 50% you need to consider that the H and or L may serve as R or S. That said ...
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pres78 replied Nov 18, 2015Volume gives us clues. Despite the weak-ish looking Daily bar the highest 1 hour volume zone yesterday was right at the end of the day and right at the low of the day showing some support coming in. The market moved sideways in the top half of the ...
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pres78 replied Nov 17, 2015Still a few hours till close however at this point in time ES Daily bar is looking very weak. Will be interested to see how today closes out.
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pres78 replied Nov 15, 2015Nice to see 4 different TF's of the CCI (insert period of choice) all on 1 chart. Do not however use this blindly based on visual back test as it is deceiving. Understand how the indicators work (no matter which you choose to use) before you use ...
Trading is as simple as ABCD
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pres78 replied Nov 9, 2015Daily Chart - NZDUSD - Yowza that's quite the ND. Let's see how this plays out.
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pres78 replied Oct 27, 2015Hope others got in some Oil shorts after that beauty Daily ND last Thursday. ND after recent PA printed a swing low followed by a swing high (making a LH). Price also below the 20MA, lovely stuff.
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pres78 replied Sep 25, 2015I guess the best was to described would be on increasing volume as long as it's not "excessive". I don't like using climatic volume bars as part of these reversal patterns. I prefer for these reversal to occur at areas of previous UHV.
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pres78 replied Sep 24, 2015I would not trade that as a 2BR. Bars 6 and 7 after your second green line is an example of a 2BR I would trade in the right location. Bar 8 is a dandy little NS after the 2BR for even more confirmation. 2nd bar made a LL, closed on the high above ...
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pres78 replied Sep 23, 2015Took a GBPUSD Daily chart short when the markets opened Sunday night after Friday completed a reducing volume 2BR into the low of the UHV Aug 24th bar. That Aug 24th volume climax started a key sell off that took out 3 previous swing lows. When we ...
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pres78 replied Sep 13, 2015You too obviously missed the point. The picture you showed once again was not the 2 bar pattern I was discussing. The second bar did not make a HH so for something so easy that you are spending so much time on you still haven't gotten it right. Post ...
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pres78 replied Sep 10, 2015Well TEB if you read my post you'd know that I discussed the volume on bar 2 as it compares to bar 1, not the volume of bar 1 itself. Second they never mention in whatever book you've pulled that from about the second bar making a HH or LL than bar ...
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pres78 replied Sep 9, 2015Oh I've mentioned them hundreds of times I'm sure
... Basically a standard 2BR whether a buyers reversal or a sellers reversal should be happening somewhere important where the PA makes sense. A standard 2BR as I learned them basically we see a ...vsa with Malcolm
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pres78 replied Sep 4, 2015No lower TF trade for me today on that pair but last night as the new daily bar opened I entered a daily short after a pres78 2BR into the low of the highest volume daily bar zone low. Will be closing half after done this post and the balance to BE ...
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pres78 replied Sep 3, 2015Trade partially closed out balance locked nicely in profit.
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pres78 replied Sep 3, 2015EURNZD short. Simple. 30 minute zones from yesterday. See the shared level. This adds value. That is why I shorted from that level rather than the low. I have shown these shared levels many times before so I won't beat that to death. I knew this ...
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