You never know. This eurusd has surprised me a lot the past month or so. Anything is possible now that I've seen this pair move 200+ pips in 2 hours lol

zoopy's trading journal

We may end up waiting till next week. This week has been really boring. We've been channeling back and forth for the past 3 days or so.

zoopy's trading journal

Nothing to add. What you're doing is what you're suppose to do. Follow the direction and be patient. Wait for price to turn around and get in when momentum picks up.

zoopy's trading journal

This chart definitely shows waves breaking up. However I wouldn't be long just yet, the line hasn't turned around plus it needs to close. I'd probably start thinking about going long if the line had to turn up to around 1.5550 area.

zoopy's trading journal

For me I consider that a wave collapse. Doesn't mean I'll necessarily short it because remember we only short when price turns around. If it doesn't turn around and breaks up, we start buying. Also... keep in mind usdchf. Since it moves inversely to ...

zoopy's trading journal

What I would do is wait for the price to go up first and close. Once it has done this, there is a good chance it will start turning down and this is when I'll start shorting. The reason why you wait first is because price could just continue going ...

zoopy's trading journal

When a wave collapses, quite often there is a pullback first before continuing in the direction it broke, ESPECIALLY after the initial break. The market rarely just breaks and shoots off, it breaks, pulls back then continues. Think of it in terms of ...

zoopy's trading journal

Eurusd wave collapse — Had a feeling that was a trap lol. On another note, the eurusd created a wave overnight and it has just collapsed. In 10 minutes it will be a confirmed collapse. Bias for this pair will be down when the 4 hour period ...

zoopy's trading journal

Thanks. It's also called trend trading. You can thank Jacko for that lol.

zoopy's trading journal

Not necessarily. You can try the following site which has correlation charts between pairs. url Funny you brought this up. This past weekend I was looking at other pairs to see which two or three pairs I would trade with the eurusd if I took that ...

zoopy's trading journal

Possible eurusd trap — Just looking at my charts now because I wasn't around to see the move up earlier on the eurusd. On the daily bar, price shot straight up without a retracement. For anyone who is long on this pair, you may want to be a ...

zoopy's trading journal

lol, no need to convert it to a line chart. Post what you trade with. I'm long from 1.5527 with stops at breakeven. If price turns around I'll cash in, wait for it to turn back up then buy again. That's pretty much what I do. Buy when the waves ...

zoopy's trading journal

Reason for the long — Here's the reason for the long trade. We created mini waves for the past two days or so. My thinking was if I was originally right with my first wave analysis going up, price will head up breaking out of the range. If I ...

zoopy's trading journal

Right now I'm in long because we're breaking waves up. If we were to negate the last daily wave, price will have to break and close around 1.5800. That or we create a wave and that one breaks up. There's so many rumours right now about the eurusd ...

zoopy's trading journal

Hi greywolf I don't scale in. If my money management allows for 2%, I enter the full position in. Don't complicate things. It's way easier just to enter 2%, get your pips then start from scratch again. Also see the posts below... All in / Scale in / ...

zoopy's trading journal

If we break up anywhere near 1.5600 and close, we are officially breaking waves to the upside. What I will then be doing is buying all waves breaking up and on pullbacks.

zoopy's trading journal

lol. So how do you like the movement on euro today? Are you falling asleep yet? I think we've seen a movement of around 10-15 pips for the past 12 hours or so

Dumb blonde trading...

This is what you call scary — Now this is what you call scary on the Dow Jones weekly chart. We had a wave collapse and looks like we're headed for another one. For those that follow Jacko's method and since I'm a turtle, one way you can ...

zoopy's trading journal

Indexes collapsing — This is what happens when waves collapse. Dow Jones broke a wave to the upside but collapsed again. Don't buy if waves collapse. Buy when they break up. Don't sell if waves break up. Sell when they collapse.

zoopy's trading journal

USD strength = gold + oil weakness What's interesting right now is that gold broke a wave to the upside and we're about to have oil inventory news in about 30 minutes. Possible eurusd could shoot up but I'll wait and see what happens before trading ...

zoopy's trading journal