gbpchf 4 hour: possible wave collapse? — Managed to catch this short just in time before momentum started picking up. Previous wave collapsed. We almost broke a wave to the upside but didn't happen. Bias for this pair is down. Look for a ...

zoopy's trading journal

That's a very good approach and also why I mentioned in a previous post... when the market is dropping the way it's doing now, don't rush into buying. Let the market prove itself first that it wants to climb THEN start buying. Look for higher ...

Jacko's Forex House of Pleasure and Pain

haha. Hey now, I asked you if that was a valid TT5 trade, I didn't say to take it

Tiki Trader Trades

oil 4 hour — Was just looking at my oil charts and oil has broken a wave to the upside. If eurusd follows, we may see eurusd breaking the current wave to the upside although I'm going to sit tight until I see it happen and confirmed. What's ...

zoopy's trading journal

Ok... is he speaking? We're moving even slower now than we were before LOL. Watch out for the last 15 min of the hour (15 min rule).

zoopy's trading journal

Thanks Dudu. See below. Correct there was a wave collapse. If I was looking at a different perspective and using long term charts then I would still be bullish (on the weekly) but bearish on the daily. With your charts, what you are doing is trying ...

zoopy's trading journal

eurusd: on radar — Looks like there may be some buyers that came in at 1.5400. Right now I'm currently biased to the short side meaning I will sell only (provided price turns around). If we break the orange horizontal line and close above it, ...

zoopy's trading journal

Well said Raz. That's also the reason why you should keep things simple so that it's easy to follow otherwise over analysis and complexity will cause doubt. You'll start thinking of all the possibilities of what could happen, mind you in the end ...

Jacko's Forex House of Pleasure and Pain

Follow the big waves

zoopy's trading journal

Kaunasny I posted a chart referring to this level of support in Jacko's thread. Hopefully this is what you're referring to. Wanted to add that so others can see your perspective as well and can understand the reasoning behind it which is definitely ...

zoopy's trading journal

Kaunasny pointed out in my journal that there's support at 1.5400. I think he's referring to what I have highlighted on my daily line chart (Kaunasny correct me if I'm wrong). If there's to be any bounce, it's probably going to happen there or ...

Jacko's Forex House of Pleasure and Pain

oil 4 hour wave collapse? — This hasn't happened yet but just noticed that oil is headed down to the base of the current wave. If this collapses, we may get a follow through.

zoopy's trading journal

12 of 17 — Tally for Bernanke stands at 12 of 17. Even though this started out as a joke, I'm actually finding this quite interesting. Bernanke's tone has definitely changed and we're having a reverse effect. What I might do next is do the ...

zoopy's trading journal

eurusd updated — Here's my updated eurusd 4 hour chart. We have a clear and confirmed wave collapse. As I mentioned in my previous post, I am now biased to the downside. If this collapse follows through we will be getting waves going down.

zoopy's trading journal

Don't try to catch a falling knife — Thought I would say something because it seems everyone is so eager to buy. First off... we're making lower highs/lows on the 4 hour. This is the market telling you it wants to go down. If the market is ...

Jacko's Forex House of Pleasure and Pain

Could be. Although I don't see any signs of buyers at 1.5420. If there were buyers waiting at 1.5400, you would start to notice a reaction by now. Then again... who's to say I'm right. Market could hit 1.5380 and shoot up like there's no tomorrow ...

zoopy's trading journal

Disagree — Since this was posted lastnight, I disagree. My rules to buy/sell are strict and definite. I never doubt what the waves tell me. They represent the market and the market is ALWAYS right. Lastnight I was still biased to the upside ...

zoopy's trading journal

Pairs that are on my radar — Unusual to have so much movement during Asian session. I now have a few pairs on my radar. Look for possible wave collapses on the following: eurusd gbpusd *maybe usdcad Look for possible wave breaks to the upside ...

zoopy's trading journal

Simple works best!

Tiki Trader Trades

audusd: wave collapse — There's been another wave collapse on the audusd.

zoopy's trading journal