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  • #781
  • Apr 26, 2016 7:49am Apr 26, 2016 7:49am
​EURUSD was nice today. LO we saw support and a push up and out of YVZ. The hour before NYO was a great push down with support found at 50% of the LO zone (was and still is TVZ). If you drop to a 5 min chart you can see we even got a test into the TVZH which closed 30 mins into NY session for a great long entry before the push up. Could've taken a long from the mid also but any entries would have been off PA at known demand zone as there was no true VSA entries.

Similar action on GBPUSD but support for the NYO push up was found at the LO zone H. Actually the final hour before NYO on this pair was a NSP bar into the H.

USDCAD not quite as clean but same concept. LO we were at the YVZM and we saw string selling during the first hour. Last hour before NYO was a push up into the LOZM and more selling seen at NYO. Currently we are bouncing around at the LOZL.
Today's zone = Tomorrow's opportunity!
  • #782
  • Edited 9:22am Apr 26, 2016 9:10am | Edited 9:22am
A word on managing zones when your in a trade. Look at GBPUSD. We get LO and it's TVZ. It was a move up and out of YVZ. The volume is higher than YVZ and the bar closed well away from YVZH. We fib that bar and being the savvy traders that we are we get long off that NSP bar right before NYO. Then NYO prints and it is a push up from the H of the LOZ. But the volume is not higher so what do we do? We are well away from the LO zone on the close of the NYO bar. It was a strong upbar and closed in the top 25%. So we fib the NYO zone as we want to watch for any change in control. We now consider this zone as the control zone (despite being slightly lower volume) as it makes the most sense based on where PA is when that bar closes. We don't need to wait for price to come all the way back to the LO zone. We fib the NYO zone (which has a shared L with the LOZH which is great). Above 50% we remain bulls, below 50% we place our SL for our long trade and see how the rest of the day plays out.
Today's zone = Tomorrow's opportunity!
  • #783
  • Apr 26, 2016 9:57am Apr 26, 2016 9:57am
"
Quoting pres78
A word on managing zones when your in a trade. Look at GBPUSD. We get LO and it's TVZ. It was a move up and out of YVZ. The volume is higher than YVZ and the bar closed well away from YVZH. We fib that bar and being the savvy traders that we are we get long off that NSP bar right before NYO. Then NYO prints and it is a push up from the H of the LOZ. But the volume is not higher so what do we do? We are well away from the LO zone on the close of the NYO bar. It was a strong upbar and closed in the top 25%. So we fib the NYO zone as we want to watch...
"

Hello pres.....trust you are milking the market.....i have a couple of question to ask you .......
1) How do you trade YVZ, if it is in the middle of a trend....do you ignore the swing and just focus on the YHV.
2)How do you handle ranging period using this method.
3) How do you trade when the highest volume bar is opposite of the trend...example say a down trend but price came back up on the highest volume for the day...
4) This method is some how counter to some principles of VSA, by this i mean using VSA...if you see a high volume bar...or uhvz....or wrb....chances of reversal is high...but this method believes in the continuation of such trend.
5) If the highest volume created today for example was bullish...and was engulfed south a couple of hours later,is it right to begin to look for short trades around this region...or the zone is not valid any more...
6) How do you validated todays zone...has i struggle with this...is it just any zone with the highest zone till another zone takes over.
7) Is it best that the candles with the highest volume be WRB or NRB...
sorry for so many question.....just a guy searching for answers....
  • #784
  • Apr 26, 2016 11:01am Apr 26, 2016 11:01am
Quoting pres78
A word on managing zones when your in a trade. Look at GBPUSD. We get LO and it's TVZ. It was a move up and out of YVZ. The volume is higher than YVZ and the bar closed well away from YVZH. We fib that bar and being the savvy traders that we are we get long off that NSP bar right before NYO. Then NYO prints and it is a push up from the H of the LOZ. But the volume is not higher so what do we do? We are well away from the LO zone on the close of the NYO bar. It was a strong upbar and closed in the top 25%. So we fib the NYO zone as we want to watch...
​Lovely support found at NYO zone 50%. Last hourly bar was a decreasing volume mark down.
Today's zone = Tomorrow's opportunity!
  • #785
  • Edited 11:34am Apr 26, 2016 11:23am | Edited 11:34am
Quoting carbonado
"{quote}" Hello pres.....trust you are milking the market.....i have a couple of question to ask you ....... 1) How do you trade YVZ, if it is in the middle of a trend....do you ignore the swing and just focus on the YHV. 2)How do you handle ranging period using this method. 3) How do you trade when the highest volume bar is opposite of the trend...example say a down trend but price came back up on the highest volume for the day... 4) This method is some how counter to some principles of VSA, by this i mean using VSA...if you see a high volume bar...or...
​First off if your new to VZA start with post 1 and only trade the basic method talked about at the top of the page.

Now to try and offer responses to your questions.

  1. In the middle of what trend? The hourly chart trend or the 4hr trend or the Daily, Weekly or Monthly trend? For me and the very basics of VZA the zones and subsequent PA into them are the only trend I care about. Daily chart could be trend upward but if we get a zone, break the L with signs of sellers and then return on no demand I will short that pair despite the HTF trend. Why not profit also from the down legs in an overall HTF up trending market. You need to decide what type of trade you are (I decided I am all things scalper, intraday day and swing / position trader) and then trade the zones and trends based on the TF you are using.
  2. If PA is ranging within a zone or failing to make clean breaks of the H or L then I either avoid that pair on that day or I scalp the zone levels.
  3. See my question 1 response. Also per post 1 the 50% level is my hinge for that zone. Above buys, below sells (unless we are ranging and I am scalping).
  4. I have to respectfully disagree. VSA says that SM tend to hide their buying on UHV WR down bars and hide their selling in UHV WR up bars. I agree fully with that. Many times (I have shown many examples of this) we have a zone from yesterday. At LO we are below that zone. LO prints as an up bar into the L and or 50% level. The hours to follow we see that this was SM selling and herd buying. The hinge and then L of the LO bar is taken out confirming the zone is in fact controlled by the bears and not the bulls despite it being an up bar. That said VSA also recognizes that not all up bars on UHV and WR are hidden selling. Many times in fact if we are taking out a previous swing level we are seeing the opposite in that SM are absorbing the sellers and are actually buyers (so nothing hidden there at all). Me with VZA it's all about the hinge. Up down, down bar I don't care. The PA after is the key for me... I care most about the reaction to the volume.
  5. If the H of a zone is taken out and then the 50% and then L is taken out and we see signs of sellers and lack of demand when price tries to come back to the zone then yes we sell. However more than likely if we had a down bar engulf an up bar that was a zone then more than likely the down bar was on higher volume (as it was absorption volume) and if it truly engulfed than it would now be our controlling zone. I'd put money too on the chance that we also made a shared level (such as 50% of the down bar is aligned with the L of the up bar - VERY COMMON).
  6. 9 times out of 10 it goes like this LO is the zone for the day and then NYO replaces it. Factors that can change this is if we have high impact news in the hours after LO or NYO then we can see the zone for the day being the second or even third hour of London and even the second or third hour of NY sessions. All depends on news. Also at time the last hour for the London session can end up being the zone for the day (usually used for trading the next day) due to surge of volume due to profit taking, repositioning etc... If you enter a trade a LO I would keep redrawing the zone anytime the volume was higher as a way to track PA and trail SL etc... Same thing with NYO.
  7. Range does not matter. I like when they are WRB's as I can scalp between the levels. If it's too narrow that's too tough to do. But as far as the normal shorts from above 50% and shorts below 50% the range is not a factor. Just the volume and who we deem to control the zone.

Today's zone = Tomorrow's opportunity!
  • #786
  • Apr 27, 2016 2:46am Apr 27, 2016 2:46am
just longed eu.....
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 47 KB
  • #787
  • Edited 7:51am Apr 27, 2016 4:46am | Edited 7:51am
Quoting carbonado
just longed eu..... {image}
​Not me. My zone yesterday was the next hourly bar which was right at the days high. Also what are those two red lines on your chart? Seem to be that extra high volume bar from the 21st? If so you went long right into the L of a zone which was much higher volume and that only ever showed sellers. Are you using an ECN broker? I have noticed many times where your volume zone was one bar different than mine. That small difference makes us make very different decisions. Like the GU the other day. Your zones were one bar different than mine.

Yellow = YVZ
White = LOVZ
Magenta = that really crazy WRB on extra UHV from April 21st... LO we hit the 50% and sold off...

As you can see this really changes the perspective.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiH1.png Size: 74 KB
Today's zone = Tomorrow's opportunity!
  • #788
  • Apr 27, 2016 5:39am Apr 27, 2016 5:39am
"
Quoting pres78
{quote} ​Not me. My zone yesterday was the next hourly bar which was right at the days high. Also what are those two red lines on your chart? Seem to be that extra high volume bar from the 21st? If so you went long right into the L of a zone which was much higher volume and that only ever showed sellers. Are you using an ECN broker? I have noticed many times where your volume zone was one bar different than mine. That small difference makes us make very different decisions. Like the GU the other day. Your zones were one bar different than...
"

am out with 1 pips...the two red lines is a zone formed ahead.....i dont use an ecn ....infact.....i use a terrible broker.......am just in search of market knowledge.........for know...so deposited.....some pennies in there....would be moving soon to a more reliable broker.
  • #789
  • Apr 27, 2016 1:09pm Apr 27, 2016 1:09pm
Love it... check out how off the FOMC statement / FED rate release EURUSD dove downward only to bounce off the UHV, UWRB low from that April 21st bar. Awesome. The last hourly bar right before was the first time ever that an hourly bar closed over 50% of that April 21st zone... No Fed rate raise... first move is a knee jerk "sell off"... Me thinks I smell a SO and some USD weakness in the days to come.

But as always we will see.
Today's zone = Tomorrow's opportunity!
  • #790
  • Apr 27, 2016 5:21pm Apr 27, 2016 5:21pm
I'll take another look at LO but right now it appears that we might be setting up to see some CAD and AUD strength during trading tomorrow.
Today's zone = Tomorrow's opportunity!
  • #791
  • Apr 28, 2016 7:00am Apr 28, 2016 7:00am
Looking to short GBPCAD... 30 min ND into YVZL...
Today's zone = Tomorrow's opportunity!
  • #792
  • Apr 28, 2016 7:40am Apr 28, 2016 7:40am
Quoting pres78
Looking to short GBPCAD... 30 min ND into YVZL...
​Now watching the 50% for a possible short. See how this current hour closes.
Today's zone = Tomorrow's opportunity!
  • #793
  • Apr 28, 2016 9:23am Apr 28, 2016 9:23am
Quoting pres78
{quote} ​Now watching the 50% for a possible short. See how this current hour closes.
​Still just watching and waiting...
Today's zone = Tomorrow's opportunity!
  • #794
  • Apr 28, 2016 9:34am Apr 28, 2016 9:34am
GBPAUD... Another pending short set. 30 min ND.
Today's zone = Tomorrow's opportunity!
  • #795
  • Apr 28, 2016 9:44am Apr 28, 2016 9:44am
Quoting pres78
GBPAUD... Another pending short set. 30 min ND.
And were in...
Today's zone = Tomorrow's opportunity!
  • #796
  • Apr 28, 2016 9:56am Apr 28, 2016 9:56am
Quoting pres78
{quote} And were in...
​I'm also long AUDUSD, short EURAUD, short EURCAD and watching GBPCAD for a possible short. The GBP trade is not going as well as others as GBP is running stronger than the EUR at the moment (as seen on EURGBP).
Today's zone = Tomorrow's opportunity!
  • #797
  • Apr 28, 2016 10:49am Apr 28, 2016 10:49am
Looking to add to my EURAUD shorts... ND into TVZL... (LO)
Today's zone = Tomorrow's opportunity!
  • #798
  • Apr 28, 2016 11:08am Apr 28, 2016 11:08am
Quoting pres78
Looking to add to my EURAUD shorts... ND into TVZL... (LO)
Closed back inside the zone. No further shorts for now.
Today's zone = Tomorrow's opportunity!
  • #799
  • Apr 28, 2016 5:19pm Apr 28, 2016 5:19pm
As of right now Friday looks like AUDUSD going down, GBPAUD going up... GBPCAD going up... GBPCHF going up... Will see where we stand come LO.
Today's zone = Tomorrow's opportunity!
  • #800
  • Apr 29, 2016 4:54am Apr 29, 2016 4:54am
Quoting pres78
As of right now Friday looks like AUDUSD going down, GBPAUD going up... GBPCAD going up... GBPCHF going up... Will see where we stand come LO.
​LO certainly changed the looks of things especially on GBPCAD and GBPCHF...
Today's zone = Tomorrow's opportunity!
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