Goes to show, no matter how good you think you are, the market will always prove you wrong. The other thing that I also find quite interesting and I never really thought about this until late... many traders will agree that no one can predict the ...

zoopy's trading journal

eurusd 4 hour update — Probably won't see too much movement now but will be keeping an eye on the euro in the next 8-12 hours or so. Bias for the euro is down as the waves are still collapsing.

zoopy's trading journal

On MetaTrader... 1. Click on the chart 2. Right click 3. Scroll down to "save as picture" 4. Select either active chart (as is) and save it as a .gif image OR Active chart (800 x 800 pixels is decent). That's pretty much what I do. Hope this helps. ...

Journey Forex GBP/JPY - mostly same day trades

Bernanke speaks tomorrow at 10:00am — Happened to be looking at the calendar for this week. Bernanke speaks tomorrow at 10:00am. Lets see if we'll hit 13 of 18.

zoopy's trading journal

Nice journal + charting help — Hi momstrade Nice journal you have so far. All the best with your trades and look forward to seeing the charts Speaking of charts... do you use Metatrader or the Netdania ones? I use Metatrader for my charting ...

Journey Forex GBP/JPY - mostly same day trades

eurusd daily wave collapse — Just a few things I want to make a note of before trading this week. On the eurusd we do have a wave collapse and the wave is fairly large in size relative to the ones around it. The reason why I'm pointing this ...

zoopy's trading journal

When the wave breaks like that, it sends me immediately into "sell mode". Now that I'm programmed to sell, I wait for price to go up first and when it starts turning south, that's when I start selling. This is the more conservative approach and in ...

zoopy's trading journal

Dow Jones daily wave broken — Thought this was quite interesting. The Dow Jones has broken a daily wave to the upside. This may be the end of the drop.

zoopy's trading journal

usdcad weekly — For those that trade the usdcad, here is a weekly chart showing what the waves are now doing. From what it seems, we have a possible wave break to the upside although not by much. I think if I was trading this long term I'd ...

zoopy's trading journal

Thanks — Thanks Sean Just wanted to give those that follow Jacko's method in particular a heads up. I started noticing a lot of buys and AHs going on when the market was clearly making very aggressive drops down. When you see behaviour like ...

zoopy's trading journal

TT5 mechanics — Just wanted to comment on the TT5 system mechanics and the idea behind it (Tiki correct me if I'm wrong). The reason why it works so well on the daily timeframe is because of the low EMA number. With the 5 EMA, price tends to ...

Tiki Trader Trades

eurusd weekly: wave collapse? — For euro longs, here's a weekly chart showing a possible wave collapse. If we end the week and close below the horizontal line I have drawn on my chart, we have a confirmed wave collapse. If the market decides ...

zoopy's trading journal

usdcad analysis — This is more of a follow up to post#1164. Since waves have been breaking up on the usdcad pair, I've been bias to the upside. Buying on all pullbacks and wave breaks. Looks like we're about to break another wave to the upside ...

zoopy's trading journal

gbpchf 4 hour analysis — Ok... gbpchf analysis. This trade I shorted lastnight and was in profit but had to close this morning at a loss because the wave broke to the upside. Think I had around a -50 pip loss on that one. Was half asleep when ...

zoopy's trading journal

eurusd analysis — Bit of a delay in my posts today. Was busy running around so didn't have the chance. We experienced another wave collapse on euro early this morning. As I said in a previous post, if the market collapsed, I would be shorting ...

zoopy's trading journal

Yup. I'm still biased to the downside on eurusd until we break a wave up which we have not. UJ I actually traded and went long but out of that trade now. Nothing really to trade on this pair as of now. I think most of the setups are going to come ...

zoopy's trading journal

If it breaks it, I have two options. Aggressive approach I would enter soon after price closes above the previous wave's peak. At this point it is confirmed that we do have a break. *Sometimes I won't enter if price is too far away. Conservative ...

zoopy's trading journal

Yup. Be careful of holding trades over the weekend. Probably best to wait until next week to see what happens after the G8 meeting. Something tells me we're going to get another crazy gap.

Jacko's Forex House of Pleasure and Pain

Why I don't buy when waves collapse — Here is a classic example of why I will not buy when waves collapse. I only buy when we start breaking waves to the upside.

zoopy's trading journal

eurusd: momentum — Looks like momentum on eurusd may be turning around. I'll be keeping an eye on what this pair does relative to the current wave that recently collapsed. I'm still biased to the short side unless we break the previous wave ...

zoopy's trading journal