Z3 Freedom Traders

On 9/19, I posted that EURUSD was eyeing up at the 1.3300 level. On 9/22 at the US session, EURUSD broke through 1.3300 plus 100 more, and left a new market footprint high at 1.3400 area. See screenshot below.

From that level, it has started it’s descend, initially as pullback, followed by partial retracement. Our Z3 BMS AstroSwing Forecast has already given us indication of a possible major retracement as early as tomorrow with a potential continuation to a full reversal next week, the latest early next month. Once again, this is a forecast and we will validate this with our full Z3 system; so trade your chart accordingly and trade well – go with the FLOW. An initial medium risk short has already been taken with tight stop.

ENJOY!

USDCHF failed to make a high to break above Z312 level on the 17th. 1st short live trade was taken on the break of the opening range LOD, followed with a short demo trade on the break of immediate LOD, thereafter. Both trades are still open with lowered stop loss. See trade setup chart below.

XAU Gold moved higher at today’s session slightly breaching Z312 but failed to go any further. Still holding long positions on XAU, EURUSD, AUDUSD and moved stops higher, among other open swing trades.
Earlier today, I also did a couple daytrade scalp on EU and GU.

The EUR/USD has broken a key resistance level at 1.3000, and now it looks like it is well on its way to reaching resistance at 1.3300. The question is, when and how quickly will it get there? At Sydney open today, our near term zones will adjust to new levels, if applicable. The break of Friday’s high will give us an early indication of bulls continuing drive to raise the price toward the next zone. Our TFS signal remains at +100 Strong Trend. I will keeping an eye on the hourly chart today to get a visual confirmation of the bullish continuation.
Today, I have fun applying the different fibonacci lines and levels as shown on couple of charts below. I have also posted my regular Z3 TFS swing chart setup.

EURUSD – Daily & Hourly Charts with Fibonacci levels applied
EURUSD – Daily & Hourly Charts with Z3 Zones – My Z3 Setup

XAU – GOLD hit another record high…

Here are some screenshots of our trade setups today. I will edit text later….

I have not done Z3 Camp coaching since August, 2009 and wasn’t planning to do one this year. Due several messages requesting to join the Z3 Traders group and a number of referrals from current members, I will be planning to conduct one as early as this month, latest in October. I will start the qualifying process this week to select the campers/traders for this training bootcamp. Please register on this site, left hand side of this post.
Meanwhile, watch this short video and get a glimpse of what you can expect from the camp.
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ENJOY!

Z3 Trading System was not developed to be a news trader. However, within the Z3, traders can identify potential and higher probability trades with its early alert. The usual and inherent risk will still be there as in any other trade setup. But with application of proper money management, risk can be reduced while potential profit will be maximized. Our AIYOBI exit is highly recommended to our Z3 traders or with runners on B/E plus trail.
Below are the trade setup chart for the NFP and ISM news announcements:

Note: This was supposed to be posted last Monday, last week August 30. Other things got in the way. Thanks for your patience.

Trading the market will definitely test your patience. We all have heard and/or read that we as traders get paid to wait. Yet most traders will eagerly pull the trigger too soon before it’s time. Then, the ooops!, the ouch! the oh, sh.t, the price is moving against the trade; the MAE builds up which can cause fear, etc.

Well, picture they say is worth a thousand words. So, here the sreenshot of the Z3 short trade setup for GBPUSD/6B.

Same story here on 6B MT4 chart setup:

Here is how the setup looks on Ninjatrader platform:

I haven’t talked much about the Z3 BUS Trade for quite some time. I really haven’t taken this setup for a while either. However, yesterday’s VB signals prodded me to look into this bus trade again. This particular trade was on YM [emini DOW] and a counter trend so I only used a car/one contract. Below is the screenshot of the trade as it progressed.

The maximum adverse price excursion [MAE] on this trade was only 3 ticks/pips while potential profit [MFE] went fast as much as 78 ticks and was finally closed with 54 ticks, as shown in the trade detail below.

ENJOY!