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Prez Forex (pres78) Trading Journal

  • #301
  • Jan 8, 2016 6:37am Jan 8, 2016 6:37am
Quoting VSAgav
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. {image} {image}
So at least it seems lessons were learned. Losses = lessons. Businesses that learn from their bad decisions continue to grow and will find success.
Today's zone = Tomorrow's opportunity!
  • #302
  • Jan 8, 2016 6:39am Jan 8, 2016 6:39am
Quoting TravB
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...
Glad to here it. Stay focused and it will all come together. Pick what you know and love about VSA entries and combined it with the zones and you'll find more often than not you'll at least be on the right side of the market and will have great ideas on targets, SL placements etc...
Today's zone = Tomorrow's opportunity!
  • #303
  • Jan 8, 2016 6:44am Jan 8, 2016 6:44am
Quoting pooh123
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. {image}
There are no coincidences just volume at volume ​.
Today's zone = Tomorrow's opportunity!
  • #304
  • Jan 8, 2016 6:55am Jan 8, 2016 6:55am
I have only taken one trade today, wasn't much I liked at LO on the currencies and well it is NFP day. I did like the looks of the S&P. We were above yesterday's zone so I set an alert for the H and when I got the email I open my charts and scanned my 4 charts and watched as a killer pres78 2BR formed on the 5 min chart. Loads of room above. Initial SL was 3 points. Currently have hit 2:1. I closed half at 1:1 and moved the rest to BE at 2:1.

NFP is 35 mins so I will keep an eye on this heading into it.
Attached Image (click to enlarge)
Click to Enlarge Name: .US500CashM5.png Size: 39 KB
Today's zone = Tomorrow's opportunity!
  • #305
  • Jan 8, 2016 6:55am Jan 8, 2016 6:55am
Quoting pres78
{quote} So at least it seems lessons were learned. Losses = lessons. Businesses that learn from their bad decisions continue to grow and will find success.
Intend on taking that attitude! Thanks Pres.
Volume at Volume
  • #306
  • Jan 8, 2016 7:22am Jan 8, 2016 7:22am
Pres, a couple questions if I may;

What markets do you follow (assume you limit the amount)? Would you rather follow fewer and get inside that market or do you just set alerts for a lot of them and take the best setups as you see them? Does your broker spread play a part in that decision?

I see in earlier posts it appears your trades on ND's and NS's are limit orders as opposed to manually entering on a confirmation. Is that the case or do you wait for the next bar to close above/below? The reason I ask is that it has always appeared like a bad idea to use limit orders on potential ND's and NS's as opposed to waiting for next bars close but I haven't back tested it.

Aside from using the HVB levels do you ever assess the background in the same way typical VSA suggests?

Thanks and sorry if the questions and answers have been covered elsewhere!
Volume at Volume
  • #307
  • Jan 8, 2016 7:29am Jan 8, 2016 7:29am
Quoting pres78
I have only taken one trade today, wasn't much I liked at LO on the currencies and well it is NFP day. I did like the looks of the S&P. We were above yesterday's zone so I set an alert for the H and when I got the email I open my charts and scanned my 4 charts and watched as a killer pres78 2BR formed on the 5 min chart. Loads of room above. Initial SL was 3 points. Currently have hit 2:1. I closed half at 1:1 and moved the rest to BE at 2:1. NFP is 35 mins so I will keep an eye on this heading into it. {image}
Price has hit 3:1 so locked in at 1:1, hope my broker fills my SL if needed ..​.
Today's zone = Tomorrow's opportunity!
  • #308
  • Jan 8, 2016 7:35am Jan 8, 2016 7:35am
Quoting pres78
{quote} Price has hit 3:1 so locked in at 1:1, hope my broker fills my SL if needed ..​.
​Climb baby climb. Locked in at 5:1, we are now above today's current zone H. Re-test and add on entry perhaps?
Today's zone = Tomorrow's opportunity!
  • #309
  • Jan 8, 2016 7:43am Jan 8, 2016 7:43am
Quoting pres78
{quote} ​Climb baby climb. Locked in at 5:1, we are now above today's current zone H. Re-test and add on entry perhaps?
​Stopped out at 5:1. NFP gave me a boost!
Today's zone = Tomorrow's opportunity!
  • #310
  • Jan 8, 2016 7:50am Jan 8, 2016 7:50am
I love NFP and FOMC and all those other high impact, volatility driving news events. Not because of the $ I can make from the event itself but because of the $ I can make trading the zones that these events create. Remember with VZA today's zones are tomorrows opportunities! Well and sometimes today's opportunities too .
Today's zone = Tomorrow's opportunity!
  • #311
  • Jan 8, 2016 8:02am Jan 8, 2016 8:02am
Check out that EURUSD chart. Spike down on NFP, bounce from yesterday's zone low... See if the buyers follow though as the last hourly bar is looking right now like a SO. Check out the confluence of levels between that NFP bar and yesterday's zone. Volume at volume anyone. The SM are active again where they were active before. This is a case where I WILL remove yesterday's zone NOW and replace it with that NFP bar. It was a complete overlap and the volume today is higher so I replace the old with the new.
Today's zone = Tomorrow's opportunity!
  • #312
  • Jan 8, 2016 8:05am Jan 8, 2016 8:05am
EURUSD, 5 min hidden test into 50% of the NFP bar. I am long looking for the H.

​Edit - Well that was quick, out for 5:1.
Attached Image
Today's zone = Tomorrow's opportunity!
  • #313
  • Jan 8, 2016 8:13am Jan 8, 2016 8:13am
Quoting pres78
EURUSD, 5 min hidden test into 50% of the NFP bar. I am long looking for the H. ​Edit - Well that was quick, out for 5:1. {image}
Chart. My EA didn't even have time to blink.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 52 KB
Today's zone = Tomorrow's opportunity!
  • #314
  • Jan 8, 2016 8:30am Jan 8, 2016 8:30am
Amazing how NFP hourly bar just covers yesterday's zone and leaves it at that!
  • #315
  • Jan 8, 2016 8:40am Jan 8, 2016 8:40am
Quoting KinsaleForex
Amazing how NFP hourly bar just covers yesterday's zone and leaves it at that!
It's all they needed to fill their orders. Lots of bears were slaughtered in the making of that film... real rated R kind of action.
Today's zone = Tomorrow's opportunity!
  • #316
  • Jan 8, 2016 8:55am Jan 8, 2016 8:55am
EURUSD 5 min NS/test-ish bar into the NFP zone high and over 50 pips room back to the days high. Hint, hint.
Today's zone = Tomorrow's opportunity!
  • #317
  • Jan 8, 2016 8:59am Jan 8, 2016 8:59am
This is how a painful miss looks like, I was monitoring this pair, but missed the entry:

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM5.png Size: 87 KB
Price and volume reveals everything. The market moves on supply and demand.
  • #318
  • Jan 8, 2016 9:04am Jan 8, 2016 9:04am
Quoting pres78
EURUSD 5 min NS/test-ish bar into the NFP zone high and over 50 pips room back to the days high. Hint, hint.
​In long...
Today's zone = Tomorrow's opportunity!
  • #319
  • Jan 8, 2016 9:28am Jan 8, 2016 9:28am
EURUSD now testing today's new zone high (no longer the NFP bar in charge today).
Today's zone = Tomorrow's opportunity!
  • #320
  • Jan 8, 2016 9:35am Jan 8, 2016 9:35am
Quoting pres78
EURUSD now testing today's new zone high (no longer the NFP bar in charge today).
A return to the NFP high (specifically <= 1.0870) then a move long would be a lovely PNF entry for me.
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