Z3 Freedom Traders

Aggressive short trades were entered on live as early as last Friday, October 15, on AUDUSD and subsequent short trades were taken both on live and on demo as shown below. The October 18 trades immediately went positive during its entry at the Asian session. The market later reversed the HOD at around .9943 and through the today’s HOD at .9955 which brought the 2nd trade to a drawdown of about -70 pips [almost touching the initial stop] with the 1st covering the 2nd, keeping the combined trades still at profit together with some scale out partial profit taking. Today’s Asian session broke down through Zone 2 and AUDUSD went down through most of Z3 Levels now approaching secondary target point.

Concurrent short trades were also taken on EURUSD, EURJPY, NZDUSD on the near term swing side. Combined profit at this writing on current open trades are well over 800 pips. All trades taken today in the chat room were also all in profit.

My apology. At the moment, I am unable to upload any chart. I post them as soon as this error has been corrected.

ENJOY!

After one down day this past week, Monday, Sept. 27, 2010, EURUSD continues to rise, breach and break key zone levels and profit targets. The first chart below traced down and up how the Z3 track n trade the market flow on the daily chart.

We now look forward to this week with a very busy economic news schedule with Pending Home Sales @10am, followed by a song and dance by Bernanke at 3pm and 7:30pm. The week will be highlighted with one of the most monitored fundamental news release, the NON FARM PAYROLL report on Friday. The Astro Swing Forecast has plotted Thursday, October 7th, as possible Directional Change or Acceleration Phase of the Market Flow as shown in this chart below.

One thing for sure, traders, Z3 traders especially, will be very busy this week keeping an eye on any potential turning points or market price accelerations as several news impact unfolds.

NOTE: The LOBO, the Intrepid Triple Intersect, and the Astro Swing Forecast, are trading methodology/systems on its own and are not intergral part of the standard Z3 release.

Trade Your Chart – Trade Well! More importantly, ENJOY the Journey! Don’t Stop Believing…

Here is the latest Z3 chart on XAU – Gold Spot as it continues to make new highs. I am anticipating the trend to diminish and potential exit point.

More updates later today…

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!

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….

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: