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  • #281
  • Jan 7, 2016 8:01am Jan 7, 2016 8:01am
Quoting Kelowkie
{quote} I don't know if it's legal, but I saw a NS on the 1min chart.
​That all depends on what your trading plan says. If your trading plan allows for 1 min entries and your happy with the background PA and where you at level wise then I'd say why not take it.
Today's zone = Tomorrow's opportunity!
  • #282
  • Jan 7, 2016 8:02am Jan 7, 2016 8:02am
Quoting pres78
Will be interested to see how the rest of today plays out as right now the EURUSD bulls seems to be losing steam. Right now the key area the bulls need to take out and hold is 1.0863 to 1.0869... Without an increased effort push through this area I suspect we are seeing a cap on price for now at least. With no more scheduled high impact news today I would be very surprised if we take out that area today (and we've hit the ADR also). As Liam pointed out we are kind of still moving sideways on the Daily chart but have seen a LH and a LL making the...
Had a demo long position placed but like you say, they're losing the battle so i've pulled it. Was looking for the high of that Dec 3rd 1hr zone but no joy.
  • #283
  • Jan 7, 2016 8:06am Jan 7, 2016 8:06am
Quoting KinsaleForex
{quote} Had a demo long position placed but like you say, they're losing the battle so i've pulled it. Was looking for the high of that Dec 3rd 1hr zone but no joy.
The bulls have a lot of mess in the way overhead if they truly want higher prices... Or this could all just be a breather for the bears to gather steam for another push down... we will know soon enough and will stay on the right side ​,
Today's zone = Tomorrow's opportunity!
  • #284
  • Jan 7, 2016 8:11am Jan 7, 2016 8:11am
Thank you Pres78!!!

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  • #285
  • Jan 7, 2016 9:22am Jan 7, 2016 9:22am
​Scalping the levels of today's EURUSUD 1hr zone. 50% to H. Short, then long and now short again. Nice tight stops and lovely R:R's...
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Today's zone = Tomorrow's opportunity!
  • #286
  • Jan 7, 2016 9:29am Jan 7, 2016 9:29am
Quoting Rinehart
Thank you Pres78!!! {image}
No problem at all Rinehart. I'm glad you've found some value in my ramblings.
Today's zone = Tomorrow's opportunity!
  • #287
  • Jan 7, 2016 9:56am Jan 7, 2016 9:56am
Quoting pres78
​Scalping the levels of today's EURUSUD 1hr zone. 50% to H. Short, then long and now short again. Nice tight stops and lovely R:R's... {image}
​Closed my latest short scalp for a nice 6:1. Wait and see if we bounce again or perhaps a break and test from below 50%.
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Today's zone = Tomorrow's opportunity!
  • #288
  • Jan 7, 2016 10:09am Jan 7, 2016 10:09am
Quoting pres78
{quote} ​Closed my latest short scalp for a nice 6:1. Wait and see if we bounce again or perhaps a break and test from below 50%. {image}
Long again on EURUSD. Entry 1.08385, SL 1.08285.
Today's zone = Tomorrow's opportunity!
  • #289
  • Jan 7, 2016 11:16am Jan 7, 2016 11:16am
Quoting pres78
{quote} Long again on EURUSD. Entry 1.08385, SL 1.08285.
​If the trend if your friend then the range is my buddy ..​.

30 pip range from the H to 50%. 4 trades, 4 wins with a total return of roughly 15:1.

Just think of all the excited break out traders who got slaughter on that 50% level fake out. I mean we closed below the level (which was a break out of something like a quadruple bottom support) on everything from 1 min to the hourly charts so we were heading down right? Wrong... the very first 5 min bar of the next hour closed back above the level. The uninformed shorters of the BO filled the informed buyers.
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Today's zone = Tomorrow's opportunity!
  • #290
  • Jan 7, 2016 12:02pm Jan 7, 2016 12:02pm
Brilliant stuff. Ive got a lot of work to do but I want to be that good!
Please dont apologise for the long posts. I, for one, get a lot from them and Im sure others do too.
Rinehart - good trade!
Volume at Volume
  • #291
  • Jan 7, 2016 12:39pm Jan 7, 2016 12:39pm
Quoting pres78
I would be very surprised if we take out that area today (and we've hit the ADR also).
Well you can officially call me surprised! Now we as always will need to see if the break is real or not. With a close at or near the days high and above the days zone I suspect we will see continued higher prices tomorrow (provided we stay above the zone hinge come LO). Although tomorrow is NFP so come NYO and until after the release I will most likely stand aside (or make sure I'm well protected if in current positions). How much things can change in just a few hours, this is why we must be patient. As it stands now with a strong close today a return to 1.1 (high of that Dec 3rd Daily bar) certainly seems more likely.
Today's zone = Tomorrow's opportunity!
  • #292
  • Jan 7, 2016 12:48pm Jan 7, 2016 12:48pm
Quoting pres78
{quote} Well you can officially call me surprised! Now we as always will need to see if the break is real or not. With a close at or near the days high and above the days zone I suspect we will see continued higher prices tomorrow (provided we stay above the zone hinge come LO). Although tomorrow is NFP so come NYO and until after the release I will most likely stand aside (or make sure I'm well protected if in current positions). How much things can change in just a few hours, this is why we must be patient. As it stands now with a strong close...
​Was anybody brave enough to long that 5 min EURUSD NS after the break out? Not me after hours, over the ADR... would've worked out nicely though (now in hindsight of course)...
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Today's zone = Tomorrow's opportunity!
  • #293
  • Jan 7, 2016 2:24pm Jan 7, 2016 2:24pm
Look at where USDCHF turned back down. Right off the 50 fib of the UHV zone. On a side note, I regret not leaving the last piece of my trade at BE. It would have been up 160 pips now

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  • #294
  • Edited 10:11pm Jan 7, 2016 9:17pm | Edited 10:11pm
On the 1 hour chart for CAD futures, the HV zone of Jan 8th is almost identical to that of Jan 7th. Is this a coincidence ? I don't think so. Please note that the futures chart is the inverse of USDCAD spot.
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  • #295
  • Jan 8, 2016 1:14am Jan 8, 2016 1:14am
Quoting KinsaleForex
{quote} Firstly, happy new year all, hope everyone had a good xmas and new year!
Happy new year Mr Kinsale Forex! Your name looks familiar - do I know you?
Blogging daily now at www.volume.zone
  • #296
  • Jan 8, 2016 3:55am Jan 8, 2016 3:55am
By all means, keep rambling prez! Brilliant stuff - especially watching you smoke through that EURUSD range so well. I'm still slowly working my way through the VSA set-ups, etc., as I understand the basic concept and the pretty much know the terms, but this zone trading is impressive!

I'm seeing price direction (or rather probable exits,) so much clearer now. Now it's just a matter of learning the best entries to take. I've been focusing on the prez 2B right now, mainly because I'm still not sure of using the other VSA tools just yet, (or in other words, being able to read what the bars and volume are saying.) Also, I'm finding it amazing that if price blows through the H or L of the range, how often it will come back to test that H or L before moving on, (that and of course the 50% mark.)

I used to strictly trade Support/Resistance -- had some success but still seemed like a crap shoot for a solid entry/exit, without being stopped out. Your method however, is the best stuff I've seen so far!

So again, please keep rambling!

PS: Understood, that your not strictly VSA -- Right now, just combing through your replies in the other thread, as well as what you lay down here, for the VSA examples that you do use for reading the bars/volume.
  • #297
  • Jan 8, 2016 4:27am Jan 8, 2016 4:27am
Quoting Steve Gill
{quote} Happy new year Mr Kinsale Forex! Your name looks familiar - do I know you?
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  • #298
  • Jan 8, 2016 5:05am Jan 8, 2016 5:05am
Quoting KinsaleForex
{quote} Had a demo long position placed but like you say, they're losing the battle so i've pulled it. Was looking for the high of that Dec 3rd 1hr zone but no joy.
Well we got to that Dec 3rd high and a bit more but there seems to be some real resistance at 1.0940.
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  • #299
  • Jan 8, 2016 6:00am Jan 8, 2016 6:00am
Two trades this morning. The winner AUDUSD I was pleased with entirely because I didn't tinker with it or mess about lowering the stop or trimming the position which is a bad habit Im in the process of getting rid of. The loser GBPUSD was embarrassing for me as it was an impulse trade but I wasn't using what Ive learned from VSA/VZA etc. Was just a mess.
Ah well there is next week.
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Volume at Volume
  • #300
  • Jan 8, 2016 6:35am Jan 8, 2016 6:35am
Quoting KinsaleForex
{quote} Well we got to that Dec 3rd high and a bit more but there seems to be some real resistance at 1.0940. {image}
Yes we came quite close to that good old 1.0950 level (someone mentioned this to me before ​)... That is the H of the Dec 3rd 4hr zone, the Dec 3rd Daily high is further up at 1.0980ish. We are back down now at the H of yesterday's zone. Some more interesting volume and spread seen overnight on the 4th bar of the new day. Not sure why but that 4th bar has been a wild one as of late... So both that bar and LO were increased volume downbars into yesterday's zone high with no sellers follow through. Hidden buyers gearing up for NFP perhaps? We will see. Nothing for me so far on EURUSD today. As of now that Asian session zone is still today's controlling volume.
Today's zone = Tomorrow's opportunity!
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