Prez Forex (pres78) Trading Journal | Page 36 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Trading Journal Spreadsheet 14 replies

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

My Forex Journal - I just want to learn forex 1 reply

My Personal journal up 18% in 2 months going to start a journal 8 replies

Attachments: Prez Forex (pres78) Trading Journal
Exit Attachments

Prez Forex (pres78) Trading Journal

  • #701
  • Apr 7, 2016 8:42am Apr 7, 2016 8:42am
GBPCAD... check out how nicely it moved away from yesterday's zone overnight. Even a great little test of the L during early Asia trading before the strong push down. LO printed today's controlling zone right at the days low and up we went. Currently we are back up to YVZ testing it. Let's see what happens from here.
Today's zone = Tomorrow's opportunity!
  • #702
  • Apr 7, 2016 10:50am Apr 7, 2016 10:50am
​GBPCAD is sitting currently at a huge S&R level on the monthly chart. We could very well see a big move set up from this level... The question is which way will it go? Lots of room for it to move either way if the level holds or if the level fails. Keep your eyes peeled on the Daily chart to see if we get a set-up one way or the other... it could be a good one.
Today's zone = Tomorrow's opportunity!
  • #703
  • Apr 7, 2016 11:27am Apr 7, 2016 11:27am
GBPCAD short scalp opened to trade from TVZM to TVZL. Will asses trade at TVZL to see whether I will hold for a break or close.
Today's zone = Tomorrow's opportunity!
  • #704
  • Apr 7, 2016 12:06pm Apr 7, 2016 12:06pm
Quoting pres78
GBPCAD short scalp opened to trade from TVZM to TVZL. Will asses trade at TVZL to see whether I will hold for a break or close.
Just as planned... now to decide whether to hold em' or fold em'!
Today's zone = Tomorrow's opportunity!
  • #705
  • Apr 7, 2016 12:22pm Apr 7, 2016 12:22pm
Quoting pres78
{quote} Just as planned... now to decide whether to hold em' or fold em'!
I toked same trade as you, and closed on TDVZL. I think GBP/USD has more potential to drop down.
  • #706
  • Edited 12:41pm Apr 7, 2016 12:25pm | Edited 12:41pm
Quoting karolisl
{quote} I toked same trade as you, and closed on TDVZL. I think GBP/USD has more potential to drop down.
​I have not been happy with the movements today on GBPUSD (this one has only travelled 2/3 of it ADR) and EURUSD so I have avoided them.

Planning a new short scalp just now on GBPCAD after a 5 min ND into TVZL.
Today's zone = Tomorrow's opportunity!
  • #707
  • Apr 7, 2016 12:44pm Apr 7, 2016 12:44pm
Quoting pres78
{quote} Planning a new short scalp just now on GBPCAD after a 5 min ND into TVZL.
Drop baby drop ​... We are currently re-testing YVZL... until I see buyers come back I'll stay on the short side especially if we close below both zones lows (TVZL and YVZL). Getting late in the day but if it keeps moving I'll keep trading and trailing.
Today's zone = Tomorrow's opportunity!
  • #708
  • Apr 7, 2016 12:56pm Apr 7, 2016 12:56pm
Quoting pres78
{quote} Drop baby drop ​... We are currently re-testing YVZL... until I see buyers come back I'll stay on the short side especially if we close below both zones lows (TVZL and YVZL). Getting late in the day but if it keeps moving I'll keep trading and trailing.
​Bounce off YVZL and back up testing TVZL... let's see what happens from here.
Today's zone = Tomorrow's opportunity!
  • #709
  • Apr 7, 2016 1:01pm Apr 7, 2016 1:01pm
Quoting pres78
{quote} ​Bounce off YVZL and back up testing TVZL... let's see what happens from here.
GBPCAD 5 min chart we just saw a pres78 2BR type 1 off the TVZL... closed right at 50% of bar 1 rather than under it so... almost perfect but not quite...
Today's zone = Tomorrow's opportunity!
  • #710
  • Apr 8, 2016 6:27am Apr 8, 2016 6:27am
GBPCAD and the weakness continued today... check out that awesome LO mark up bar to fill more sell orders which lead to even lower prices. I hope others besides me are profiting from this pairs weakness. As I said until I see buyers and the zones show me a switching of power I remain a GBPCAD bear ​...

We are below TVZ and still are seeing lack of buyers interest. NYO in 30 minutes so let's see...
Today's zone = Tomorrow's opportunity!
  • #711
  • Apr 8, 2016 6:39am Apr 8, 2016 6:39am
Quoting pres78
GBPCAD and the weakness continued today... check out that awesome LO mark up bar to fill more sell orders which lead to even lower prices. I hope others besides me are profiting from this pairs weakness. As I said until I see buyers and the zones show me a switching of power I remain a GBPCAD bear ​... We are below TVZ and still are seeing lack of buyers interest. NYO in 30 minutes so let's see...
We have CAD news coming up 15 mins and 30 mins after NYO so I will be making sure my trades are all properly protected so as not to give back too much if we see a shift but not too close as to get spiked out if we see CAD strength continue post news.
Today's zone = Tomorrow's opportunity!
  • #712
  • Apr 8, 2016 6:50am Apr 8, 2016 6:50am
Quoting pres78
{quote} Drop baby drop ​... We are currently re-testing YVZL... until I see buyers come back I'll stay on the short side especially if we close below both zones lows (TVZL and YVZL). Getting late in the day but if it keeps moving I'll keep trading and trailing.
Quoting pres78
{quote} ​Bounce off YVZL and back up testing TVZL... let's see what happens from here.
I can't for the life of me figure out what zones you're talking about. Any chance of a chart?
  • #713
  • Apr 8, 2016 6:55am Apr 8, 2016 6:55am
Quoting KinsaleForex
{quote} {quote} I can't for the life of me figure out what zones you're talking about. Any chance of a chart?
Chart from around the time I made those posts. Yellow zone = Wednesday zone, white zone = Thursday zone (ended up being the zone for the day, now changed to yellow for Friday trading)...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADiM5.png Size: 69 KB
Today's zone = Tomorrow's opportunity!
  • #714
  • Apr 8, 2016 7:05am Apr 8, 2016 7:05am
Quoting pres78
{quote} Chart from around the time I made those posts. Yellow zone = Wednesday zone, white zone = Thursday zone (ended up being the zone for the day, now changed to yellow for Friday trading)... {image}
Thanks.

Turns out I had my GBPCAD chartbook open but the 1hr chart was actually GBPAUD. No wonder it wasn't making any sense

As you were.
  • #715
  • Apr 8, 2016 7:32am Apr 8, 2016 7:32am
Quoting pres78
{quote} We have CAD news coming up 15 mins and 30 mins after NYO so I will be making sure my trades are all properly protected so as not to give back too much if we see a shift but not too close as to get spiked out if we see CAD strength continue post news.
Wow great CDN data... added more jobs than expected and unemployment rate dropped 0.2%... should be good for my shorts.
Today's zone = Tomorrow's opportunity!
  • #716
  • Apr 8, 2016 8:05am Apr 8, 2016 8:05am
Quoting pres78
{quote} Wow great CDN data... added more jobs than expected and unemployment rate dropped 0.2%... should be good for my shorts.
​Been a great couple of days shorting GBPCAD. Is there further downside today and next week? Quite possibly. As I said yesterday this pair is at a key monthly tipping point. I have decided that I am closing all of my shorts right around 8300 and not carry any through the weekend. Saves some carry costs and avoids losing ground if we see a gap up on Sunday. Will look to build new positions on this pair next week if the set-ups present themselves. Right now waiting for 8300, all trades are locked in safely for profit.
Today's zone = Tomorrow's opportunity!
  • #717
  • Apr 8, 2016 9:21am Apr 8, 2016 9:21am
Quoting pres78
{quote} ​Been a great couple of days shorting GBPCAD. Is there further downside today and next week? Quite possibly. As I said yesterday this pair is at a key monthly tipping point. I have decided that I am closing all of my shorts right around 8300 and not carry any through the weekend. Saves some carry costs and avoids losing ground if we see a gap up on Sunday. Will look to build new positions on this pair next week if the set-ups present themselves. Right now waiting for 8300, all trades are locked in safely for profit.
​So I changed my mind. Rather than limiting myself to 8300 I pulled all of my TP"s and will close all trades out one of 3 ways (in this order)...

  1. If I see signs of buyers taking over
  2. If the market hits my SL as I trail them down
  3. Before end of day (still don't want to carry over the weekend and risked getting gapped)

Today's zone = Tomorrow's opportunity!
  • #718
  • Apr 8, 2016 9:40am Apr 8, 2016 9:40am
For fun open your GBPCAD 1hr chart and put on 2 zones... the YVZ (Thursday) and then put on the zone for Wednesday... Check out where priced stopped almost to the pip on that LO mark-up. The volume on Wednesday was higher than the Thursday zone and as you can see it was enough to stop us from getting back to the L of the Thursday bar. Because of this fact (how close the L of the 2 zones were) and the fact that Wed volume was higher I actually kept both zones on my chart for this very reason.

I was contemplating whether I should point this out as I want people to focus on the simple basic VZA system when they first start out but I also want those who are getting comfortable using it to know some of the little tips and tricks I use to really try and dial into the best and most obvious trade areas.

Now if only I had gotten my ass out of bed early enough to have taken a trade from them ​...
Today's zone = Tomorrow's opportunity!
  • #719
  • Apr 11, 2016 6:39am Apr 11, 2016 6:39am
GBPCAD is up challenging Friday's high. Let's see what happens from here as NY comes to the table.
Today's zone = Tomorrow's opportunity!
  • #720
  • Apr 11, 2016 10:26am Apr 11, 2016 10:26am
GBPCAD - I Would love to see a close below 8376 today... If the daily volume stays low and we close below that level I will be looking to take a Daily ND entry and will be planning to hold for an undetermined length of time... There is some room to fall for sure if we can clear the monthly charts hinge level I mentioned in an early post.
Today's zone = Tomorrow's opportunity!
1 trader viewing now