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  • #41
  • Dec 10, 2015 9:41am Dec 10, 2015 9:41am
Quoting HighFivve
is "beauty of a 2BR into the 50%" a pattern or 2 vol bars combined ?
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 extensively in the past).
Today's zone = Tomorrow's opportunity!
  • #42
  • Dec 10, 2015 9:45am Dec 10, 2015 9:45am
O.k. thanks ,...I will read up ....cad romping up
Learn THEN Unlearn
  • #43
  • Dec 10, 2015 9:46am Dec 10, 2015 9:46am
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 will guide us

My poor CAD is ultra weak... GBPCAD, EURCAD and USDCAD all seem to be poised for higher prices. Loads of room above on GBP and EUR to the next major swing high, room on USDCAD too once/if this triple top is taken out.
Today's zone = Tomorrow's opportunity!
  • #44
  • Dec 10, 2015 9:53am Dec 10, 2015 9:53am
because this happened after LC and inside NY lunch, I think its a fake move.?
Learn THEN Unlearn
  • #45
  • Edited 10:34am Dec 10, 2015 9:58am | Edited 10:34am
Quoting HighFivve
because this happened after LC and inside NY lunch, I think its a fake move.?
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 EST).


Edit - Not a great close but we did make a new High. Still some sellers for sure. Based on todays action and zone we could well see another push down to 3580. Put in another HL and back up. We will see what tomorrow brings.
Today's zone = Tomorrow's opportunity!
  • #46
  • Dec 10, 2015 11:27am Dec 10, 2015 11:27am
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 UHV zone) after we saw the initial zone low break followed by a 50% rejection.

Nice tight 10pip SL allowing an easy 1:1 (came within 0.1 pips on the initial push down... darn it so close). I will close half at that point and let the rest run. If this was earlier in the day and more room in the ADR I'd more likely use a 20 pip SL above the recently tested 50% level giving more room to breath. Right now it's more about playing the range back down to the low and if by chance the 10 pips SL sticks and I catch a runner all the better.

If we get to 2:1 I'll move to BE on part 2 and then trail as PA allows.

Right now I'd say we will be seeing a return to the 1.0865 level... most likely during trading tomorrow. It appears that the higher prices I noted yesterday are on hold for now after the rejection from the noted 1.1 level. Will reevaluate tonight at the days close and then again at LO.

As always today's zone will guide my trading plans tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiH1.png Size: 44 KB
Today's zone = Tomorrow's opportunity!
  • #47
  • Dec 10, 2015 11:58am Dec 10, 2015 11:58am
Quoting pres78
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 UHV zone) after we saw the initial zone low break followed by a 50% rejection. Nice tight 10pip SL allowing an easy 1:1 (came within 0.1 pips on the initial push down... darn it so close). I will close half at that point and let the rest run. If this was earlier in the day and more room in the ADR I'd...
Logically.

I'd prefer to see 1.0856 instead as W#0.POC (15.12.06 @ 1.0856) is the current testing area.
So it is possible to take buy @ 1.08050.
However, there is another one scenario - http://www.forexfactory.com/showthre...27#post8638227
The area below has not been completely fulfilled out yet.

Best
D.P.

P.S. Statements are nice indeed.
Hunting High and Low
  • #48
  • Dec 10, 2015 12:03pm Dec 10, 2015 12:03pm
Quoting Dr.Phoenix
{quote} Logically. I'd prefer to see 1.0856 instead as W#0.POC (15.12.06 @ 1.0856) is the current testing area. So it is possible to take buy @ 1.08050. However, there is another one scenario - http://www.forexfactory.com/showthre...27#post8638227 The area below has not been completely fulfilled out yet. Best D.P. P.S. Statements are nice indeed.
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 that level I'm watching at 1.0865 that I suspect will offer up some support before seeing anything much lower.

We will see how it all plays out.
Today's zone = Tomorrow's opportunity!
  • #49
  • Dec 10, 2015 12:27pm Dec 10, 2015 12:27pm
Quoting pres78
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 UHV zone) after we saw the initial zone low break followed by a 50% rejection. Nice tight 10pip SL allowing an easy 1:1 (came within 0.1 pips on the initial push down... darn it so close). I will close half at that point and let the rest run. If this was earlier in the day and more room in the ADR I'd...
Came within 0.1 pips of 1:1, back to entry so closed at BE.
Today's zone = Tomorrow's opportunity!
  • #50
  • Dec 11, 2015 4:32am Dec 11, 2015 4:32am
Watching for a possible long set-up coming into NYO on EURUSD. We are up around the high of yesterday's zone but still within it, we did however get a break of the high.

Seems to be some buyers present.

Let's see what opportunities present themselves.

The high of that 4hr Dec 3rd zone has definitely proven as support thus far. I don't watch 4hr zones much anymore but when we get a huge spread and volume news bar I tend to take notice and keep an eye on those levels. We tend to get shared levels with those 4hr zones. Like yesterday's 1hr zone low is almost to the pip on the high of the 4hr zone.

It's lovely stuff really. Look at how LO comes we are (below) the H of yesterday's zone. 2nd hour of London is a mark down into the shared level (L of 1hr zone, H of 4hr) and then we come back up to the high on the very next bar. SM bought all the sellers in that down bar.
Today's zone = Tomorrow's opportunity!
  • #51
  • Dec 11, 2015 5:32am Dec 11, 2015 5:32am
Quoting pres78
Watching for a possible long set-up coming into NYO on EURUSD. We are up around the high of yesterday's zone but still within it, we did however get a break of the high. Seems to be some buyers present. Let's see what opportunities present themselves. The high of that 4hr Dec 3rd zone has definitely proven as support thus far. I don't watch 4hr zones much anymore but when we get a huge spread and volume news bar I tend to take notice and keep an eye on those levels. We tend to get shared levels with those 4hr zones. Like yesterday's 1hr zone low...
Nothing yet... EURUSD still range bound.
Today's zone = Tomorrow's opportunity!
  • #52
  • Dec 11, 2015 5:58am Dec 11, 2015 5:58am
Quoting pres78
{quote} Nothing yet... EURUSD still range bound.
The down-move plan is still valid, I think.

D.P.
Hunting High and Low
  • #53
  • Dec 11, 2015 6:10am Dec 11, 2015 6:10am
Quoting Dr.Phoenix
{quote} The down-move plan is still valid, I think. D.P.
To me it's looking more like a return to 1.1. We will see.

PA is messy ATM. 9040 and 9070 are the 2 key levels I am watching currently.
Today's zone = Tomorrow's opportunity!
  • #54
  • Dec 11, 2015 6:25am Dec 11, 2015 6:25am
Quoting pres78
{quote} To me it's looking more like a return to 1.1.
Saw it coming, couldn't find an entry I was happy with. Ah well.
Today's zone = Tomorrow's opportunity!
  • #55
  • Dec 11, 2015 6:42am Dec 11, 2015 6:42am
Check out how the NY boys used the London boys as support as they bought the hell out of the EURO on pairs like EURAUD, EURCAD (not as clean looking) and EURNZD. NYO and into high impact news we saw all pairs above yesterday's zone and above today's LO zone. EURAUD and EURNZD came back to the high and rocketed off, CAD blew all the way through but closed near the zone high.

EURNZD was still close to yesterday's zone and actually pinged the high at NYO...

They leave clues, follow the volume, trade the levels, use the zones.
Today's zone = Tomorrow's opportunity!
  • #56
  • Dec 11, 2015 6:55am Dec 11, 2015 6:55am
Quoting pres78
{quote} To me it's looking more like a return to 1.1. We will see. PA is messy ATM. 9040 and 9070 are the 2 key levels I am watching currently.
Ups!

D.P.
Hunting High and Low
  • #57
  • Edited 7:43am Dec 11, 2015 7:23am | Edited 7:43am
Lovely new zone on EURUSD (and others) for trading next week. Highest 1hr volume seen this week on many pairs. Decent size range so could offer some fun scalping inside the zone until the H or L is taken out.
Today's zone = Tomorrow's opportunity!
  • #58
  • Dec 11, 2015 10:24am Dec 11, 2015 10:24am
Quoting pres78
Lovely new zone on EURUSD (and others) for trading next week. Highest 1hr volume seen this week on many pairs. Decent size range so could offer some fun scalping inside the zone until the H or L is taken out.
Thanks for the heads up
Learn THEN Unlearn
  • #59
  • Dec 11, 2015 10:55am Dec 11, 2015 10:55am
hey @pres78 can you share that trade manager??
  • #60
  • Dec 11, 2015 11:12am Dec 11, 2015 11:12am
Quoting piplover143
hey @pres78 can you share that trade manager??
No sorry. It is for personal use only (written by me based on my risk and trade management profile).
Today's zone = Tomorrow's opportunity!
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