Today's Levels

Very tight ranges yesterday. I expect to see a correction upwards because of all the VPOC's on the Euro overhead.


AUDUSD
VPOC .8610, .8777
.786 up .8618
1.272 up .8657
161.8 up .8684
.786 down .8574
1.272 down .8535
161.8 down .8509

EURUSD
VPOC  1.4390, 1.4627...
.786 up 1.4401
1.272 up 1.4448
161.8 up 1.4482
.786 down 1.4345
1.272 down 1.4297
161.8 down 1.4264

NI225m
VPOC 15193, 15399...
.786 up 15243
1.272 up 15366
161.8 up 15452
.786 down 15103
1.272 down 14982
161.8 down 14895

Yesterdays Trades

We sat in a tight range late into the US session and the breakout didn't amount to much. All in all a scratch day. The Nikkei gave a clean performance early on. The use of hard stops today actually cut me up a bit, but all losses were made up on subsequent trades.

Today's levels

Will drop FGBL for now and stay forex related as more people follow it anyways. Will also start charting the mini nikkei as it ideally suits my 
timezone and seems to be a very clean trader.  Enter AUDUSD and NI225m

AUDUSD
VPOC .8597
.786 up .8625
1.272 up .8670
161.8 up .8702
.786 down .8572
1.272 down .8527
161.8 down .8494

NI225m
VPOC 15182, 15399
.786 up 15270
1.272 up 15415
161.8 15520
.786 down 15094
1.272 down 14945
161.8 down 14840

EURUSD
VPOC 1.4405, 1.4626...alot of overhead resistance
.786 up 1.4420
1.272 up 1.4453
161.8 up 1.4476
.786 down 1.4382
1.272 down 1.4348
161.8 1.4325

Yesterdays Trades

EurUsd gave an excellent buy signal in the early hours while the second signal came close to target but ultimately came unfocused and meandered into the close.

FGBL was flawless, both targets achieved without any deviation.

mini nikkei

Because I am based in South East Asia I am always at the mercy of time when it comes to finding the best market to trade. Now that I am more and more an early riser staying up through the night to trade is becoming more and more prohibitive. I'm watching the whctrader mini nikkei feed and forward testing mean reversion to see if its a viable market for me. I checked the margins and the comissions here and its an awful lot like trading mini dow futures. Only instead of starting work at 9 pm I'm in the market at 7am--a much healthier and sane time to trade. The only difference is I won't have a chat community like I do now on irc. Will have to seek out some other traders in SEA who trade the Nikkei futures...let me hear from you if you are already trading this shft!

Today's Levels

Back from vacation tanned and fatter than before (but man what great seafood!), ready for some new trades this week.

EURUSD
VPOC's 1.4378, 1.4627, 1.4720
.786 up 1.4427
1.272 up 1.4486
161.8 up 1.4528
.786 down 1.4356
1.272 down 1.4296
161.8 down 1.4253

Would expect a nice bounce with three VPOC's overhead. Let's see...

Sweet Spot

When the VPOC and the fib levels I watch converge for a setup, I have a very high level of confidence to enter the market.

There were two levels to exit at, both of which gave a very efficient proft.

With a stop above the swing high of the setup, the risk was in favor 2:1 so I entered with both hands and enjoyed the ride.

A great way to end a great week =)