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pres78 replied Jul 28, 2015Well there was certainly some supply in that supply zone we entered yesterday. No longs and no re-visit of the 2014 high (at least for now). When I wrote the above post I figured they would at least tag the 5300 level but price only made it to 5275. ...
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pres78 replied Jul 27, 2015How does this work? How do you know how many recovery positions will be needed? You say to take your normal position size and reduce it by the number of recovery positions... how does one know how many will be needed? As far as I can tell you might ...
Trading is as simple as ABCD
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pres78 replied Jul 27, 2015EURAUD... Watch 5220-5230ish area... Key overhead level to watch 5331 (starting at 5300). We have entered a major previous supply zone today (price fell 1650 pips from here starting Dec 2014 ending at the April 2015 low). We took out a minor supply ...
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pres78 replied Jul 27, 2015It is for crossing either way. There are two sets of parameters for the alert which are based on the factors of the entry and trend CCI's that give one of two alerts.
Trading is as simple as ABCD
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pres78 replied Jul 27, 2015Off today so have a bit of time for scalping. After seeing the zone low support I dropped to 1 minute chart and ended up taking a long. SL 1.5153, Entry 1.516, TP just above mid level 1.5188 for 4:1. In and out like a ninja
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pres78 replied Jul 27, 2015Grabbed a quick short scalp playing the levels from today's 1 hr zone. We had seen sellers at the high and a rejection at the mid so I took advantage of the 40 pips between 50% and low. Entry 1.5185, TP 1.5145, SL 1.52 for not quite 3:1. As expected ...
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pres78 replied Jul 27, 2015I use the MFI as sign of who is in control as it is based on volume and price (still testing it). Basically above 50 buyers , below 50 sellers. Keep an eye on 80-90 and 10-20 as signs of being OB or OS. One of the biggest things I am testing it for ...
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pres78 replied Jul 27, 2015Took a FO long on EURAUD. 1.50876 is the high of the Friday 1 hour zone (yellow fib). 1.50707 (red line) is the July 10th Daily high which had been broken on Friday (with a beautiful buyers take over within a previous daily supply zone - look at the ...
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pres78 replied Jul 27, 2015Have you even looked at the indicator? I don't think you have. If you did then you would know that there is already a zero cross alert (or whatever level you set whether it be 0 or 100 or -100 etc..). If the entry CCI (current bar) is less than 0 ...
Trading is as simple as ABCD
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pres78 replied Jul 25, 2015Did not take a short but I was watching that same little zone you had on your chart from 1.088ish to 1.086ish... Huge imbalance seen at this area where all supply was overtaken and a massive buyers push up was seen. When price returned back to this ...
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pres78 replied Jul 17, 2015That is one ugly moving pair. For me if it doesn't have EUR, GBP or USD in the pairing I stay away as I want pairs that are most active during London and NY sessions plus that is two of the weakest currencies paired up thus the horrible less than ...
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pres78 replied Jul 17, 2015HG I will do my best to explain but much of how I trade would easier be shown in a video or on a webinar or something because showing and talking is always easier than trying to describe details in writing on printed charts... something always gets ...
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pres78 replied Jul 17, 2015Just to show this isn't about throwing on random lines until price reacts to it. Look at my EURUSD 4 hour chart. Days separated by the green lines (at 00:00 of the new day). Very simply I applied a fib on the highest volume 1 hour bar of each day ...
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pres78 replied Jul 16, 2015Another example of simple trading. LO we have seen an entry into yesterday's 1hr zone after seeing support earlier in the day. LO and last bar before LO both test back up into this recently broken support and we then get a push down. We put a fib on ...
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pres78 replied Jul 16, 2015Isn't that just the original system but using the band centerline rather that the color changing MA? Color change, first CCI signal trail it and get out if the MA changes color...
Trading is as simple as ABCD
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pres78 replied Jul 16, 2015OK HG here's my answers. Yes if you put enough lines on price will react to them. While that is true it has nothing to do with VZA or how I trade. While I may leave old zones on I only do it for huge volume bars from the past that are above or below ...
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pres78 replied Jul 16, 2015Some great questions HG (for which I have some answers)... I will respond in detail when I have more time. Work continues to monopolize all my time!
vsa with Malcolm
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pres78 replied Jul 16, 2015I trade these different ways depending on how much time I have. Sometimes I drill down to lower TF's to pin point entries and sometimes I stay on the higher TF and just trade off PA. For this trade I was busy at work so I set a pending at the high ...
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pres78 replied Jul 15, 2015KISC Keep It Simple Clive! Everyone has great intentions and are always looking to tweak, improve and get closer to the "Holy Grail". Too many lines now makes it hard on the eyes. Plus you (talking to you directy for a moment) get suckered into ...
Trading is as simple as ABCD