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  • #741
  • Apr 13, 2016 9:24am Apr 13, 2016 9:24am
Quoting pres78
{quote} ​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.
​8146 is holding well as support thus far (as was expected). Not able top close below yet on any TF greater than 15 min. If the bears are going to continue their push and want to take out 8146 then a retrace (or two) to gather more steam will be needed.

Let's see what happens.
Today's zone = Tomorrow's opportunity!
  • #742
  • Apr 13, 2016 9:45am Apr 13, 2016 9:45am
Quoting pres78
{quote} ​8146 is holding well as support thus far (as was expected). Not able top close below yet on any TF greater than 15 min. If the bears are going to continue their push and want to take out 8146 then a retrace (or two) to gather more steam will be needed. Let's see what happens.
Boring range today on GBPCAD... I figured the news would move it much more than we've seen thus far. 127 pips out of a 224 pip ADR.
Today's zone = Tomorrow's opportunity!
  • #743
  • Apr 13, 2016 9:53am Apr 13, 2016 9:53am
GBPCAD hourly bar looks like it may close as a ND/UT. Also would give us a H, LL, LH PA pattern. I would only be happy with this if it also closes within (below the H) of TVZ.

The current 4 hour bar (which also closes in 10 minutes) however is not the best looking bar for someone who is heavily selling this pair . That said a reverse UT or SO type bar is only as good as it's follow through (bar after). All that effort we've seen and the close off the L could just as easily be sellers clearing buy orders that are in the way of lower prices.

We will see...
Today's zone = Tomorrow's opportunity!
  • #744
  • Apr 13, 2016 11:20am Apr 13, 2016 11:20am
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.
Interesting so far today on EURUSD. Yesterday VZ had it's L right at the Daily Zone H, today's zone now has it's L right at that Daily zone L. Seems that a combo of the old Brexit and some bad US data today sent the markets into a risk off scenario (although USD only showed decent gains against the EURO with other USD cross pairs moving well under their ADR) . We will see where we close today but if come LO tomorrow we are below the zone L it could offer up a really nice sell trade...
Today's zone = Tomorrow's opportunity!
  • #745
  • Apr 13, 2016 12:15pm Apr 13, 2016 12:15pm
Will be reassessing my GBPCAD shorts again tonight to decided best stop locations etc... not too much CAD news on the books for Thursday but a ton of GBP data including several high impact. Overall my bias remains bearish on this pair. Let's see what the close today and LO tomorrow brings and then the news 4 hours after LO. Should be exciting (hopefully more so than today)...
Today's zone = Tomorrow's opportunity!
  • #746
  • Apr 14, 2016 3:28am Apr 14, 2016 3:28am
GBPCHF we hit a Daily zone L (Feb 24th) late in the day yesterday. Our zone from Y was right up into that L. This Daily zone was a great point to see sellers and find a short as it was right at a major swing point. Seriously open a chart put a zone on that Feb 24th bar and check out the PA into and through that zone last month. It was awesome. Check out the swings of support, resistance etc... as each of the 3 levels played a role more than once. This pair has been in a downtrend on the Daily chart since the end of last year. All signs are pointing to 3200 and then 3050 (both key weekly levels during the CHF intervention). I love it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFDaily.png Size: 56 KB
Today's zone = Tomorrow's opportunity!
  • #747
  • Apr 14, 2016 3:32am Apr 14, 2016 3:32am
​GBPCAD back below the 8146 level... let's see what happens this time. Check out how well defended they kept the border at the H of YVZ... Many strikes but no break and holds. Awesome!
Today's zone = Tomorrow's opportunity!
  • #748
  • Apr 15, 2016 7:07am Apr 15, 2016 7:07am
Quoting pres78
​GBPCAD back below the 8146 level... let's see what happens this time. Check out how well defended they kept the border at the H of YVZ... Many strikes but no break and holds. Awesome!
​She's been good support...
Today's zone = Tomorrow's opportunity!
  • #749
  • Apr 15, 2016 7:17am Apr 15, 2016 7:17am
Hey Pres,

Nice trades this week, I grabbed a few small wins using zones as well. Now starting to apply more and more of it.
Any progress on educational video and your second favourite pattern ?

Have a great weekend !
  • #750
  • Apr 15, 2016 7:17am Apr 15, 2016 7:17am
Quoting pres78
​GBPCAD back below the 8146 level... let's see what happens this time. Check out how well defended they kept the border at the H of YVZ... Many strikes but no break and holds. Awesome!
​The power of 8146... Check out what level the M of YVZ was... oh and the H of today volume zone. I took some longs today despite having some shorts still running from HTF.
Today's zone = Tomorrow's opportunity!
  • #751
  • Apr 15, 2016 7:26am Apr 15, 2016 7:26am
Quoting pres78
{quote} ​The power of 8146... Check out what level the M of YVZ was... oh and the H of today volume zone. I took some longs today despite having some shorts still running from HTF.
​Now we will see... 8285-8300 will the bears defend or give it up? Key point for them.
Today's zone = Tomorrow's opportunity!
  • #752
  • Edited 7:59am Apr 15, 2016 7:32am | Edited 7:59am
Quoting pres78
{quote} ​Now we will see... 8285-8300 will the bears defend or give it up? Key point for them.
​15 min pres78 type 1 2BR into 8285-8300... which is also (8285) the 50% level of the UHV WRB from April 12th...
Today's zone = Tomorrow's opportunity!
  • #753
  • Apr 15, 2016 8:09am Apr 15, 2016 8:09am
Quoting pres78
GBPCHF we hit a Daily zone L (Feb 24th) late in the day yesterday. Our zone from Y was right up into that L. This Daily zone was a great point to see sellers and find a short as it was right at a major swing point. Seriously open a chart put a zone on that Feb 24th bar and check out the PA into and through that zone last month. It was awesome. Check out the swings of support, resistance etc... as each of the 3 levels played a role more than once. This pair has been in a downtrend on the Daily chart since the end of last year. All signs are pointing...
I incorporated your H1 zones and it gives me an edge to look at VSA signals around it. I found few interesting setups on USDJPY this week.
Could you share more insides how you trade D1 or H4 zones? You mentioned about swing trading strategy based on those. I'm very much interested how can this be utilize.
  • #754
  • Apr 20, 2016 6:12am Apr 20, 2016 6:12am
USDCAD long that I am currently in. Picture perfect 1hr test down into the YVZM and YVZL which closed above the M. There were also several other entry chances on lower TF's if one was so inclined.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 50 KB
Today's zone = Tomorrow's opportunity!
  • #755
  • Apr 20, 2016 8:06am Apr 20, 2016 8:06am
Quoting pres78
USDCAD long that I am currently in. Picture perfect 1hr test down into the YVZM and YVZL which closed above the M. There were also several other entry chances on lower TF's if one was so inclined. {image}
​Half closed at 1:1, half closed at SL. Net BE. Not the best trade despite that lovely test. Ah well... onto the next one!
Today's zone = Tomorrow's opportunity!
  • #756
  • Apr 20, 2016 8:15am Apr 20, 2016 8:15am
Quoting pres78
{quote} ​Half closed at 1:1, half closed at SL. Net BE. Not the best trade despite that lovely test. Ah well... onto the next one!
​Actually it was a lovely sellers rejection from the LO zone low... Should've saw that coming ..​. LO did not end up being the highest volume zone for that time of day however it was the second hour... Based on that zone it was a rejection from the top half of the zone (M to H). Either way I should've been more aware of this when I took that long. Mistakes are part of business, as long as we learn from them.
Today's zone = Tomorrow's opportunity!
  • #757
  • Apr 20, 2016 8:21am Apr 20, 2016 8:21am
A​mazing isn't it? How over the weekend news came out (based on the outcome of the Doha meetings) that created huge gaps on Oil and commodity driven pairs like the CAD. Just image the panicked reactions that caused on market open with those worried they had missed the moves. Since market open all of the pairs have closed those huge gaps and most have gone on to make LL or HH or are at least back close to the old highs and lows. Nothing like creating panic to fill orders that are intended to take price the complete opposite direction as the news would have you believe. bad news out of Doha was supposed to equal a big sell off in Oil but yet price is climbing. Manipulation and herd slaughtering at it's finest.
Today's zone = Tomorrow's opportunity!
  • #758
  • Apr 20, 2016 8:22am Apr 20, 2016 8:22am
GBPCAD back testing that 8146 level... let's see what happens this time...
Today's zone = Tomorrow's opportunity!
  • #759
  • Apr 21, 2016 4:41am Apr 21, 2016 4:41am
​Currently in long scalps on USDCAD, GBPCAD and EURCAD. All based on TVZ (LO). Eyeing YVZ as target levels and or possible turning points. Will trail and see how these all play out.
Today's zone = Tomorrow's opportunity!
  • #760
  • Apr 21, 2016 4:44am Apr 21, 2016 4:44am
Amazing isn't it how EURCAD and EURAUD (oh and also EURUSD) hit their YVZL's in the same bar.
Today's zone = Tomorrow's opportunity!
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