EURUSD ‘Supply CZ Nearby’ Trade Analysis

Setup: Supply CZ Nearby
Order: Short Stop Order (1.1402)
Trade result: Failed (didn’t close on wide up bar after alert)

Supply CZ Nearby

Trading near a Congestion Zone is similar to a support/resistance zone. The logic is the same – there is a zone with an high potential to reverse the market, and so, if the market gives these strength signs, you should get ready to get in.
In this trade, there was a nearby long-term congestion zone (CZ), and weak volume + price action NEAR the CZ, which triggered the alert.
The short trade was executed at 1.1402 and closed at 1.1443. The mistake was that I didn’t close on wide up bar after alert, which is something to always look out for.

 

Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.

 

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GBPUSD ‘Resistance Broken’ Setup +53 pips

Setup: Resistance Broken
Order: Long Market Order (1.2849)
Initial Risk:Reward: 1.32

Resistance Broken

After an alert on a BROKEN RESISTANCE, I went long at 1.2849. Later closed the trade at 1.2902 (Take-profit hit). When the prices break a resistance, and there’s strength before, it means the smart money is expecting higher prices, and that’s why this setup works very well. The momentum was strong as price skyrocketed and I decided to go. Normally you should wait for that candle that fully broke the resistance hours later. It would have been less risky.

 

Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.

 

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EURUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: N/A
Support (nearest): 1.13357
Resistance (nearest): 1.14211
Next Event: ADP Non-Farm Employment Change (1h 14m)
Next High Impact Event: ISM Manufacturing PMI (1d 2h 59m)
Volatility: LOW (-16% avg.)
Daily Range (Expected): 1.1312 – 1.1379 / 44% of avg. daily range Completed

EURUSD

On this one, we are expecting a support breakout with high volume. The background is weak, the trend is pointing down despite of this recent ranging. The only thing we need to be careful with is high impact news (Non-farm is close) and the nearest support 1.1335 as the price may always reverse. (this ranging may be an accumulation that can go up with non-farms)

 

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GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): UP
Market Background (mid-term): WEAK
Supply/Demand: N/A
Support (nearest): 1.26618
Resistance (nearest): 1.2780
Next Event: ADP Non-Farm Employment Change (3h 14m)
Next High Impact Event: Manufacturing PMI (1d 0h 29m)
Volatility: REGULAR (-2% avg.)
Daily Range (Expected): 1.2663 – 1.2751 / 59% of avg. daily range Completed

GBPUSD

Here we are looking at possible short trade in a few hours. Mid-term trend is down, the background is weak, there is a resistance at 1.2780 and daily range upper region is near resistance. So it is recommended to check if this price goes near the resistance and from there retraces back down. Just be careful with high impact news, don’t open a trade 1 hour before it or less. It is safer to trade after the impact.

 

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GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: N/A
Support (nearest): 1.26618
Resistance (nearest): 1.3044
Next Event: Net Lending to Individuals m/m (0h 29m)
Next High Impact Event: CB Consumer Confidence (1d 4h 59m)
Volatility: LOW (-16% avg.)
Daily Range (Expected): 1.2787 – 1.2875 / 40% of avg. daily range Completed

HIGHLIGHTS:

  • Recent Institutional Selling detected
  • Nearby Long-term Support at 1.2785

GBPUSD

Here is a good example when we should not trade. The downtrend is looking good, the background is weak, we have a supply signal from VSA, so everything is fine, BUT Friday closed with two demand signals on the same area and we have Nearby Long-term Support at 1.2785. So even if this setup wins today, you should consider ignoring these trades because, in the long run, they will bleed your account.

 

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EURJPY ‘Support Broken’ Trade Analysis

Setup: Support Broken
Order: Short Market Order (127.8750)
Trade Result: Failed (nearby long-term support at 127.87)

Support Broken

After an alert on a BROKEN SUPPORT, I went short at 127.88. Later closed the trade at 128.17 (Nearby long-term support at 127.87). When the prices break a support, and there’s weakness before, it means the smart money is expecting lower prices, and that’s why this setup works very well. Unfortunately, in this specific case, it didn’t work. It won’t always work but in the long term, this is a profitable setup.

 

Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.

 

» Want to receive our MT4 indicators for FREE? Get them right HERE + receive a free trial on our premium indicators! «

GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: Recent Supply @ 1.2947
Support (nearest): 1.29219
Resistance (nearest): 1.31038
Next Event: HPI m/m (2h 59m)
Next High Impact Event: Core Durable Goods Orders m/m (1d 2h 29m)
Volatility: REGULAR (+9% avg.)
Daily Range (Expected): 1.2932 – 1.3027 / 70% of avg. daily range Completed

HIGHLIGHTS:

  • Recent Institutional Selling detected
  • Nearby Long-term Support at 1.2922

GBPUSD

Everything is pointing on downtrend continuation. Weak background, big selling, except we have Nearby Long-term Support at 1.2922. So be careful with this one. It looks like the price is going to break it with big volume. So keep checking on it until you can confirm it.

 

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GBPUSD ‘Weak VSA + Background’ Setup +31 pips

Setup: Weak VSA + Background
Order: Short Stop Order (1.3015)
Initial Risk:Reward: 1.01

Weak VSA + Background

In this setup, VSA system looks for a supply signal in the same direction as the background, to trade in the direction of the trend.
The short trade was executed at 1.3015 and closed at 1.2983 (take-profit hit).

 

Disclaimer: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, these trades were taken by our proprietary robot that takes both positive and negative trades in a simulated setting for purely educational purposes.

 

» Want to receive our MT4 indicators for FREE? Get them right HERE + receive a free trial on our premium indicators! «

EURUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): UP
Market Background (mid-term): WEAK
Supply/Demand: Recent Demand @ 1.1468
Support (nearest): 1.14329
Resistance (nearest): 1.16215
Next Event: Consumer Confidence (0h 59m)
Next High Impact Event: Main Refinancing Rate (1d 22h 44m)
Volatility: REGULAR (-8% avg.)
Daily Range (Expected): 1.1430 – 1.1499 / 68% of avg. daily range Completed

EURUSD

After yesterdays correct prediction on the price movement, today we have an interesting situation also. The price is ranging with support at 1.14329 and so it got our attention. We already received one demand signal but the background is not clear yet. So it is recommended to check if the price goes down again near the resistance and we receive another signal (demand or low volume on down bars). The price might turn up to go again near 1.1500. Also, there is the possibility of a strong break of the support. If bears come with big volume might see a down trend and might start to look for short positions.

 

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EURUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): DOWN
Market Background (mid-term): WEAK
Supply/Demand: Recent Supply @ 1.1532
Support (nearest): 1.14322
Resistance (nearest): 1.16215
Next Event: German PPI m/m (19h 59m)
Next High Impact Event: Main Refinancing Rate (3d 1h 44m)
Volatility: REGULAR (+10% avg.)
Daily Range (Expected): 1.1477 – 1.1544 / 77% of avg. daily range Completed

HIGHLIGHTS:

  • Recent Institutional Selling detected

EURUSD

Here we have a good example of how VSA signals can be used with our new daily range indicator. The background of higher timeframes (H1,H4,D1) is weak and there is a supply signal on top of daily range area (1.1477 – 1.1544 / 77% of avg. daily range Completed). At nearly 8o% and above we should look for reversals entries. Also, there was a good shadow on signal candle showing us how bears pushed the price down out of the upper daily range area. When everything gets alined as in this example that is when we want to open our trades.

 

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