Sonic I'm bias to the upside since we broke a wave up last week. My plan is to wait for price to enter into the red target box. In this area, I'll be looking for price to turn up and when it does, that's when I'll be pulling the trigger. If price ...

zoopy's trading journal

Sean I'm actually glad you asked those questions because a few other traders have been asking me the same thing. At least now it's out in the open with an explanation as to why I'm doing the things I'm doing. As of now, I'm trading the 4 hour only ...

zoopy's trading journal

Another example — Here's another example which is a follow up to the previous post. Adding to a winning position makes sense in theory, however... how would one handle these market conditions as shown on cable? If I had added a position after ...

zoopy's trading journal

Hi Sean. Some good questions, see below. Yes, I was moving more towards 100 pip TP but am however exploring this further. The reason why I mentioned 100 pip TP was because in the past, I had developed a few systems which I had backtested over a 5 ...

zoopy's trading journal

haha I've been testing this recently and I think as you trade more pairs, you're actually building up the odds against yourself because not only do you have to deal with high correlation but you lose focus. Losing focus and poor risk management will ...

Dumb blonde trading...

lol. We should have a list of the most commonly used posts/questions by newbies. 1. Where should I place my stop? 2. Where should I tp? 3. How does the method work, I'm too lazy to go through "x" amount of pages 4. I found an indicator which I think ...

Dumb blonde trading...

indexes — Hi Sonic I'll just do my analysis on all three indexes. Waves are collapsing and that means down. I wouldn't even think about going long on any until we get waves breaking up. Will there be a rebound? Eventually... but I have no idea ...

zoopy's trading journal

Hi rnl I use the 4 hour timeframe because it suits me but I could really use any timeframe if I wanted to. Works on all timeframes and on all markets. As long as there are waves, it will work. A break is confirmed on the close of whatever period ...

zoopy's trading journal

The trend is your friend

zoopy's trading journal

Yup, just keep things simple. If there's fewer steps involved in making a decision, you're more focused and can come to a decision quicker. LOL Or... work for the government. They don't work as hard and get paid very well with benefits. That's a ...

zoopy's trading journal

No you're making perfect sense. There was one wave in particular that collapsed but price never turned down, instead it broke up. When it broke up like that, I would have bought again. As I mentioned before in a previous post, the "conservative" ...

zoopy's trading journal

Yes, there might be waves showing no direction but look at the previous big wave and follow the direction. If the direction is up, you buy when the price breaks up. If it drops you don't do anything and let the trade go. You could do that, I'm ...

zoopy's trading journal

Another example — This happened a while ago but I remember trading gbpjpy at the time. I think this was the time when gj made a drop of around 1000 pips within a 48 hour period lol. In any case look at the daily chart. Daily shows a wave drop ...

zoopy's trading journal

Remember this chart? — I'm sure you remember this chart because a while back you questioned me about missing the "big move". Now... lets say I couldn't use hindsight but based my trading on what I have just outlined in the previous post. Buy ...

zoopy's trading journal

Not sure why but you seem to be afraid of missing those "big moves". The market will never do a straight move up/down, there's always a pause first before it goes further. That range you speak of, would that not create waves? I don't necessarily ...

zoopy's trading journal

lol. That's the market's way of telling you "who's BOSS". There might be a slight retracement but notice what the market did. It went from one round number to the next. That's the reason why I said 100 TP is the best. If it turns down, get out and ...

zoopy's trading journal

audusd wave breaking — Been focused so much on the eurusd as of late, haven't bothered to look at aussie. There was a wave break at around 0.9400, two pullbacks and lastnight there was another wave break at around 0.9500. So many opportunities ...

zoopy's trading journal

Follow up on Fanias' post — Just a follow up on this post. Fanias noticed a wave collapse and was waiting for the usdjpy to turn back down. This happened overnight and here's the chart. Waves will keep collapsing until a wave breaks up.

zoopy's trading journal

The trend is your friend

Trading Aussie Jacko Style

eurusd 4 hour wave break — Eurusd has finally broken out of it's range. We now have a wave break to the upside and my bias for this pair is "up". Since my bias for this pair is up, I will only be doing the following: 1. buying when waves break ...

zoopy's trading journal