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Prez Forex (pres78) Trading Journal

  • #801
  • Apr 29, 2016 7:10am Apr 29, 2016 7:10am
It's time...

After much back and forth I've decided to take a hiatus from posting here at FF. For anyone still interested in the basics of VZA you can get what you need from my posts here and over at the VSA thread.

I just have too much going on right now between working fulltime, my own trading and a few trading related projects I am working on at the moment. I have been back and forth on what I could drop to free up some time and FF drew the short straw. Let's be honest for the most part it's just me talking to myself anyway as any participation that there was has died off.

Not sure if or when I might be back posting here at FF. I guess we will see how things play out in the future.

Many green pips to all. Don't fight the zones and follow the trails left by the SM... they are everywhere.

Knowing the where is half the battle and the zones gives this to us.

Last but not least... Never Take a Trade That YOU Don't Understand! If you don't know why your buying or selling then don't make the trade. Never blindly follow anyone, learn to understand what and why they are doing what they are doing. Only learn from those willing to teach you how to fish. If they are quick to offer up the fish to you because it's easier than teaching you how to catch the fish yourself. Turn around and run!
Today's zone = Tomorrow's opportunity!
  • #802
  • Apr 29, 2016 7:21am Apr 29, 2016 7:21am
Sorry to hear you wont be posting here anymore Prez. I understand you are busy so that makes sense to drop FF.
I wish you all the luck! Your trading method and teaching here has transformed my own trading. For posterity see my trade below from this morning I made using your method. Cant thank you enough!
Will you still be contactable on IM here?
Attached Image (click to enlarge)
Click to Enlarge Name: Picture perfect trade - 5m GJ.png Size: 93 KB
Volume at Volume
  • #803
  • Apr 29, 2016 9:38am Apr 29, 2016 9:38am
Hello, Pres
I remember once you said the wheel is turning... It's sad to hear that.
You are the first person who taught me to see how beautiful PA is, how it respects to those levels, how to pick a good entry etc. That was the first time for me and I will never forget how it shapes the way I am trading now.
I wish that I had asked more, I know that I missed the opportunity because of my fear of asking. That's why I'm not good learner but I'm still learning everyday.
I hope you'll find some time to continue posting someday. I wish you the best!
  • #804
  • Apr 29, 2016 12:10pm Apr 29, 2016 12:10pm
Thanks for the teachings, Pres. We, Rinehart, VSAgav and myself, are using the zones on a daily basis. Personally I'm not that strict on them as they or you are, but I still want to trade on the good side of the zones. Combining this with the higher TF trends (H1, H4, D1) has definitely raised my edge, and helps to choose the better pairs for the day.
Price and volume reveals everything. The market moves on supply and demand.
  • #805
  • Apr 29, 2016 2:48pm Apr 29, 2016 2:48pm
Pres, thank you so much for your teachings. VZA took the complexity of reading the hints of smart money and made it much easier.

I can honestly say your methodology had an enormous impact on my edge. I remember when Darastonius told me about your way of trading. It was life changing.

Thank you and don't be a stranger!
  • #806
  • Apr 29, 2016 10:04pm Apr 29, 2016 10:04pm
Pres,

Sad to hear that. Thank you so much for teaching us so much. You opened my eyes to a new profitable way of trading. Hope you'll continue posting at FF in future. Wish you and your family all the best !
  • #807
  • Edited 7:33am Mar 28, 2017 4:53am | Edited 7:33am
Recently updated what I look for in my pres78 2BR's. See post 1. First bar of the pattern MUST be on increasing volume. Before I had that this was optional. When bar one is on higher volume than bar two but lowering volume overall the pattern is less successful. As with anything test yourself.
Today's zone = Tomorrow's opportunity!
  • #808
  • Mar 28, 2017 4:58am Mar 28, 2017 4:58am
Thank you Pres for the update.
  • #809
  • Dec 28, 2017 4:04pm Dec 28, 2017 4:04pm
Hello Pres78,

I know you are out there busy - but hey thank you very very much for this thread and the spirit you have shared - this very "not nerd theoretic" down to earth VSA style called VZA has been such a eyeopener for me. Yes I have tried understand orderflow - yes I have tried to learn marketprofile /read all the CME MArket profile stuff - yes I have lurking around countless hours one various VSA like forums and threads,,, Nothing did the job. But this thread and your generous share and pleseant explanations has done it all for me...

THANKS again...

Happy new year and all the best to you and the fellow contributors to this VZA thread... Jubiii
Are you profitable? I am not... yet...
  • #810
  • Edited 10:11am Jan 3, 2018 9:43am | Edited 10:11am
Quoting pres78
Recently updated what I look for in my pres78 2BR's. See post 1. First bar of the pattern MUST be on increasing volume. Before I had that this was optional. When bar one is on higher volume than bar two but lowering volume overall the pattern is less successful. As with anything test yourself.
Today I started out bullish on EU, and was going to open a long off the hinge from YVZ but when I was looking for a target zone I couldn't find any H1 zones around 1.2107. Mainly because the last time price was around this level was in 2014.

My question is if you see a setup but can't find a target zone, do you not take the trade or do you take it and let your EA manage the trade?
Attached Image (click to enlarge)
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  • #811
  • Jan 3, 2018 1:05pm Jan 3, 2018 1:05pm
Quoting albern
{quote} Today I started out bullish on EU, and was going to open a long off the hinge from YVZ but when I was looking for a target zone I couldn't find any H1 zones around 1.2107. Mainly because the last time price was around this level was in 2014. My question is if you see a setup but can't find a target zone, do you not take the trade or do you take it and let your EA manage the trade? {image}
All depends on the background and how clean of a set up it is. If I felt strongly about the set-up I would take it and let my EA manage it (though most days my EA manages all my trades even if I have a target zone as I am too busy to watch them). I haven't traded since before Christmas (on my trading holidays right now) so I can't speak too much on the long set-up other than I don't really like the PA at the hinge. The back to back low volume bars (ND and Test-ish bar) at the hinge would have kept me out. Looks like your short after the break of the L and return to the lower half of the zone worked out well.
Today's zone = Tomorrow's opportunity!
  • #812
  • Jan 3, 2018 1:06pm Jan 3, 2018 1:06pm
Quoting Pjort
Hello Pres78, I know you are out there busy - but hey thank you very very much for this thread and the spirit you have shared - this very "not nerd theoretic" down to earth VSA style called VZA has been such a eyeopener for me. Yes I have tried understand orderflow - yes I have tried to learn marketprofile /read all the CME MArket profile stuff - yes I have lurking around countless hours one various VSA like forums and threads,,, Nothing did the job. But this thread and your generous share and pleseant explanations has done it all for me... THANKS...
Hi Jubiii and thanks for the kind comments. I am glad VZA has offered some value to you and I hope you find trading success in 2018.
Today's zone = Tomorrow's opportunity!
  • #813
  • Jan 9, 2018 5:08pm Jan 9, 2018 5:08pm
Quoting pres78
I did not trade this, this is an example of using the LO zone because we are away from yesterday's zone. EURGBP - LO white zone as we can see was and still is today's zone. We are below yesterday's zone and as we can see we take out the L of the LO zone and see a picture perfect low volume mark-up smack dab into the 50%. Look at the complete lack of volume on that upbar... suckers mark-up to fill their waiting sells. Lovely stuff... {image}...
Hello again Pres78

Thank you for your kind reply about my enthusiasm about your VZA technique . I have been reading your blog for some days - and also traded the vza style for two weeks now. First week was great, actually it worked very fine with about 60 % medium winners and 40 % quite small losses. My small trade account was up with about 25 % in a week. Boom then I got sloppy, greedy and totally over traded upon my big superego - that I got from the first week - now I am down 50 % LOL. Thats quite hard, to first get the hands on something nice and then totally loose it. But I am not gonna stop that easy...

Well first of all - the old post I qoute here is a very beautiful example of how to get into the market, when the prize is away from yesterday pricezone. It really seem that it is worth a while to go your VZA blog through, bit by bit. Great ;-)

Next - would care if I posted some question or some setups here? or do you prefer this blog stay passive as you have mentioned when you announced that you took a break from the VZA blog? Or you could maybe point me in some direction where you or other talk about the VZA technique? Or Maybee I should make a new trade journal?? I also thought about sending you a PM but that seems not possible here at FF...
Anyway have a nice day :-)
Attached Image
Are you profitable? I am not... yet...
  • #814
  • Jan 9, 2018 6:17pm Jan 9, 2018 6:17pm
Quoting Pjort
{quote} Hello again Pres78 Thank you for your kind reply about my enthusiasm about your VZA technique . I have been reading your blog for some days - and also traded the vza style for two weeks now. First week was great, actually it worked very fine with about 60 % medium winners and 40 % quite small losses. My small trade account was up with about 25 % in a week. Boom then I got sloppy, greedy and totally over traded upon my big superego - that I got from the first week - now I am down 50 % LOL. Thats quite hard, to first get the hands on something...

Feel free to post questions etc... and when I'm around I'll answer or comment as needed. Keep working hard and never stop learning and it will come. VZA offers a simple road map for where we can find some great low risk entries.

Never force trades and never chase trades. If you are patient and stick to your plan the trades will come. Some days there will be many and other days none. That is how business goes...
Today's zone = Tomorrow's opportunity!
  • #815
  • Jan 10, 2018 2:07am Jan 10, 2018 2:07am
Hi and Welcome sir. nice to see you again here.
eurusd to me looks bearish
possible sell setups in the M level of top 1.1968 and below 1.1925.
Attached Image (click to enlarge)
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Think Twice Low Volume is Key to Success
  • #816
  • Jan 11, 2018 3:31am Jan 11, 2018 3:31am
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...
Quoted is a post where you fib'd the entire Daily bar and I'm not sure how you determine which Daily bars you fib. Do you fib them based on you seeing UHV H1/H4 bars within that day?
  • #817
  • Jan 11, 2018 3:42am Jan 11, 2018 3:42am
Quoting classix
Hi and Welcome sir. nice to see you again here. eurusd to me looks bearish possible sell setups in the M level of top 1.1968 and below 1.1925. {image}
Think I'm on the bullish side for EURUSD, that wide spread up bar from yesterday could be a push up, as well as we are back down into the highs from Nov 30 which could be resistance turning into support.

Either way right now it's too early to do anything, maybe if price pushes up and out of the London zone and we see buyers in US.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 59 KB
  • #818
  • Jan 11, 2018 6:33am Jan 11, 2018 6:33am
Quoting albern
{quote} Quoted is a post where you fib'd the entire Daily bar and I'm not sure how you determine which Daily bars you fib. Do you fib them based on you seeing UHV H1/H4 bars within that day?
When trading a daily chart it is basically the same. When you see a daily bar that is UHV compared to the other daily bars then I fib and then trade it the same as I would an hourly zone.

Many times if you dissect say the 1 or 2 highest volume daily bars from a previous month you will find many times that they also contained the highest hourly volume zone for that month (not always but many times).

Remember that when you have a Daily bar on UHV as compared to average Daily volume that means some larger than normal transactions were filled that day and there is a great chance there are unfilled transactions waiting to be filled upon a return to that zone.
Today's zone = Tomorrow's opportunity!
  • #819
  • Jan 19, 2018 3:12pm Jan 19, 2018 3:12pm
Hello Pres78 and others,

I was just thinking about some stuff - this picture below isn't that correct noticed about how a pre78 2br looks like- for sure I have seen them several times and had great luck that they proofed showing a trend and made me more sure about a trade setup, thanks for sharing that!
I was thinking if number 1 is a correct pattern while the nr 2 bar hasn't been below the nr 1 bar??

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-01-19 at 21.06.45.png Size: 161 KB



Next I was playing around and fund that the euryen and also audusd - which is the pair I trade for the moment has a quite remarkeble sinus curve pattern.
It seems that many times like in lets say 70-80 percent chance that the price follow a 5 hours trending move cycle. And if you look at it it is following this rules at london open let say 5 hours up/down move then often reversal to an other 5 hours trending move - also at NY open close - it is quite often we have a reversal - In 3 days I count about 7 5 hours reversal from the sinus curve.
Anyway - I know that its old news market; opens trend and revert to mean for profit-taking , and then one time more - over and over again. Just wanted to share my aha...
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I think this is a important matter for me personally as I mention in another post that I tend to overtrade. This is properly my greatest problem at the moment. And like the volume zone trading that give me some rules for engagement - this sinus curve can tell me another thing about stick to the trend for sometime after every turn, be course it seem there a high probability for that.

Please If any have any thought about how to NOT overtrade - - how did you get over that hurdle??
Nice weekend to all...
Are you profitable? I am not... yet...
  • #820
  • Jun 1, 2020 7:01am Jun 1, 2020 7:01am
Looks like this Thread is in need of followers, really surprised especially with all the GOOD STUFF & MATERIAL here.

Anyway after LO, US30 played out off the 50% Zone for a Good Short trade ..
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