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  • #721
  • Apr 11, 2016 1:04pm Apr 11, 2016 1:04pm
Quoting pres78
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.
​So far so good but still a few hours till close so we will see. What I love the most about this set-up if it does play out as a Daily ND is the fact that today made a just ever so slightly HH than Friday. Pinged into that 8500 level and fell off.
Today's zone = Tomorrow's opportunity!
  • #722
  • Apr 12, 2016 7:40am Apr 12, 2016 7:40am
Check out that PA on GBPCAD lovely mark-up into YVZM. In fact if you look at the 4hr chart (on a NYC broker) we were not even able to close above the L of Y 1hr VZ. Sellers still seem to be in control. Other CAD crosses are showing similar PA with CAD in control. Let see if that Daily ND/UT from yesterday triggers today or not.

There is still over 130 pips room left in the ADR once we get below what is current the days low (which was made on the opening 1hr bar last night).
Today's zone = Tomorrow's opportunity!
  • #723
  • Apr 12, 2016 7:45am Apr 12, 2016 7:45am
Quoting pres78
Check out that PA on GBPCAD lovely mark-up into YVZM. In fact if you look at the 4hr chart (on a NYC broker) we were not even able to close above the L of Y 1hr VZ. Sellers still seem to be in control. Other CAD crosses are showing similar PA with CAD in control. Let see if that Daily ND/UT from yesterday triggers today or not. There is still over 130 pips room left in the ADR once we get below what is current the days low (which was made on the opening 1hr bar last night).
​FYI... There is still 254 pips left in AWR if/when we get below this weeks low (L of Monday).
Today's zone = Tomorrow's opportunity!
  • #724
  • Apr 12, 2016 7:52am Apr 12, 2016 7:52am
GBPCAD keep your heads up, we are currently below and testing up into TVZL. Watch for sellers reactions here or even up at TVZM.
Today's zone = Tomorrow's opportunity!
  • #725
  • Apr 12, 2016 7:58am Apr 12, 2016 7:58am
Ok nobody likes GBPCAD ! What about EURUSD? Some lovely shorts on that pair today. Both into TVZL and YVZM (some beauty 5 min ND's)... Did anyone make money off those?
Today's zone = Tomorrow's opportunity!
  • #726
  • Apr 12, 2016 9:09am Apr 12, 2016 9:09am
GBPCAD- go go
Let Market Tell You
  • #727
  • Apr 12, 2016 9:18am Apr 12, 2016 9:18am
Quoting Monokl
GBPCAD- go go
Not surprised that we are seeing some buyers support at the weekly L. All good, buyers = more filled orders for the sellers ..​.​ Next bump in the road will be the Friday low (lowest weekly low since 2015). Then if that is cleared we have the April / May 2015 lows to deal with.
Today's zone = Tomorrow's opportunity!
  • #728
  • Apr 12, 2016 9:55am Apr 12, 2016 9:55am
Quoting pres78
{quote} Not surprised that we are seeing some buyers support at the weekly L. All good, buyers = more filled orders for the sellers ..​.​ Next bump in the road will be the Friday low (lowest weekly low since 2015). Then if that is cleared we have the April / May 2015 lows to deal with.
​GBPCAD - Bit of a battle going on right now at the Friday low (8285) and the RN 8300. Currently we are sitting between the two after making a new LL. I am still heavily bearish on this pair until PA and the zones change my mind ..​. I will be interesting in seeing how today closes and then how the rest of the week plays out. That should all give more clues as to whether we are heading lower or basing for a push up from this key hinge area.
Today's zone = Tomorrow's opportunity!
  • #729
  • Apr 12, 2016 10:01am Apr 12, 2016 10:01am
Quoting pres78
{quote} ​GBPCAD - Bit of a battle going on right now at the Friday low (8285) and the RN 8300. Currently we are sitting between the two after making a new LL. I am still heavily bearish on this pair until PA and the zones change my mind ..​. I will be interesting in seeing how today closes and then how the rest of the week plays out. That should all give more clues as to whether we are heading lower or basing for a push up from this key hinge area.
​Ok well there goes 8285... Now will we test and hold below it?
Today's zone = Tomorrow's opportunity!
  • #730
  • Apr 12, 2016 10:28am Apr 12, 2016 10:28am
Quoting VSAgav
Hi Pres Hope your having a good holiday today. I have a question: Could you please post a textbook example of a longer term trade you took on the weekly and daily charts and show us how you chose which HVZ to mark etc.? I would really love to know more about how you do that and what tweaks to your rules you use in that type of trade (if anything is different). Regards Gav
​Hi Gav,

Sorry for the delay in responding but I really wanted to wait for a live example. GBPCAD Daily ND/UT into the low (and closed below the L) of this months highest volume Daily bar (April 7th). This zone was great as it printed as a rejection zone after the failed attempt to push back up in the previously broken range support. The ND was a great confirmation of continued weakness on this pair after that break of support. Especially since this pair has been down trending for the last 4 monthly candles (including this month).
Today's zone = Tomorrow's opportunity!
  • #731
  • Apr 12, 2016 10:32am Apr 12, 2016 10:32am
GBPCAD ADR has been hit so we may well have finally seen a bottom on this pair today (though I haven't seen the normal signs of this with large volume coming in at the days low showing support stepping in and or profit taking happening... We will see I guess.
Today's zone = Tomorrow's opportunity!
  • #732
  • Edited 12:29pm Apr 12, 2016 10:35am | Edited 12:29pm
GBPCAD next levels below us that I am watching (weekly and monthly key levels - NOT BASED SPECIFCALLY ON VZA ZONES - JUST PURE PA TURNING POINTS THAT CAUGHT MY EYE)...

Do what you will with this information...

8146
8064
7860
Today's zone = Tomorrow's opportunity!
  • #733
  • Apr 12, 2016 12:49pm Apr 12, 2016 12:49pm
Very interesting... GBPCAD and USDCAD are both closing in on their next monthly or weekly PA level of interest. Both are around the same number of pips away so that tells me that based on ADR we could see an overshoot on GBPCAD right around the time USDCAD hits... If this keeps dropping...
Today's zone = Tomorrow's opportunity!
  • #734
  • Apr 12, 2016 1:02pm Apr 12, 2016 1:02pm
Hard to believe 3 hours ago I wrote about the brief battle GBPCAD was having between 8300 and 8285... now here we are taking on 8200. WOW!
Today's zone = Tomorrow's opportunity!
  • #735
  • Apr 12, 2016 1:32pm Apr 12, 2016 1:32pm
Will make sure I take a close look at my GBPCAD positons tonight. Check out PA, the daily candle close and the days volume and the days intraday zone. From that I will decide what to hold and what to close. Any trades (including the Daily ND set-up) which I choose to hold I will weigh my risk and make sure my SL's make sense. Some news for both the GBP and CAD tomorrow so I want to make sure I'm ready and protected but that I also give the market room to bounce around and not get prematurely stopped out on news spikes.

Trade smart, trade safe, trade what YOU see and what you understand. Most of all follow the signs left behind by the SM, they are EVERYWHERE.
Today's zone = Tomorrow's opportunity!
  • #736
  • Apr 12, 2016 1:48pm Apr 12, 2016 1:48pm
trade what YOU see and what you understand. Most of all follow the signs left behind by the SM, they are EVERYWHERE.[/quote

Thanks for keeping us in the loop ..rock on prez
Learn THEN Unlearn
  • #737
  • Apr 12, 2016 5:08pm Apr 12, 2016 5:08pm
EURUSD seems to be building a case for higher prices!

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  • #738
  • Apr 12, 2016 5:32pm Apr 12, 2016 5:32pm
Quoting Rinehart
EURUSD seems to be building a case for higher prices! {image}
​Good eye. On a side note check out where the volume zone today printed... check out where the H of today's zone is... shared level anyone? Nice place to buy from tomorrow at LO perhaps. All that after having made a higher Daily H today. Highest high in fact since we made our first Daily close over that zone H back on Mar 31st.

Time will tell.
Today's zone = Tomorrow's opportunity!
  • #739
  • Apr 13, 2016 4:27am Apr 13, 2016 4:27am
Quoting pres78
{quote} ​Good eye. On a side note check out where the volume zone today printed... check out where the H of today's zone is... shared level anyone? Nice place to buy from tomorrow at LO perhaps. All that after having made a higher Daily H today. Highest high in fact since we made our first Daily close over that zone H back on Mar 31st. Time will tell.
​Or instead maybe EUR will sell off today ..​. Lovely EURGBP move at LO right up into YVZL before selling off.
Today's zone = Tomorrow's opportunity!
  • #740
  • Apr 13, 2016 9:07am Apr 13, 2016 9:07am
Quoting pres78
GBPCAD next levels below us that I am watching (weekly and monthly key levels - NOT BASED SPECIFCALLY ON VZA ZONES - JUST PURE PA TURNING POINTS THAT CAUGHT MY EYE)... Do what you will with this information... 8146 8064 7860
​Did you see the pre news bounce off the 8146 level... see now if post news it gives way and holds... 8064 would be next if it does.
Today's zone = Tomorrow's opportunity!
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