gbpchf — Keeping an eye on this pair. We're currently hovering around a round number and if we slide through 2.0200 and pick up momentum quickly, I'm going to start selling. Right now I'm hoping it goes higher because I prefer it when price is ...

zoopy's trading journal

12 of 16 — Didn't realize Bernanke was speaking today. Tally now stands at 12 of 16. I believe he's speaking again on Thursday so that's something to be mindful of.

zoopy's trading journal

Audusd 4 hour wave collapsed. I wouldn't consider any longs until we start breaking waves to the upside. When waves collapse, it suggests more downside movement.

Trading Aussie Jacko Style

gbpchf: possible setup around the corner — We had a wave collapse last week on the gbpchf. Price is currently pulling back, so if it starts turning around it would be a great opportunity to short. I'll be keeping an eye on this one. Might be ...

zoopy's trading journal

Follow up on post#971 — Thought I would bring this post up (posted May 29, 2008) to demonstrate how powerful waves are. We had a wave collapse on the Dow Jones and S&P500 back on May 29th. Here is an updated chart of just the Dow Jones. ...

zoopy's trading journal

audusd: possible wave collapse — There may be a possible wave collapse on the audusd pair. Still 2 hours left of my 4 hour period but if we end up below the horizontal line indicated, I'm getting out because I'm obviously wrong and the market ...

zoopy's trading journal

I trade the bigger, more defined waves. That peak that you pointed out I see as "noise". My bias for this pair will only change if we create a well defined wave and it breaks to the upside but that hasn't happened yet.

zoopy's trading journal

This part is the discretionary part. If you notice it looks like it's turning around and then it starts to speed up, that's when you enter. I don't have a rule where if the market moves "x" amounts of pips I enter. I do this based on how I see ...

zoopy's trading journal

uschf down — usdchf had waves that collapsed down. That means we only sell but wait for price to turn around first. Here's my chart.

zoopy's trading journal

Thanks! — That post right there made my day. Quite a few seem to think this method of trading isn't possible because you aren't seeing bars/candles or you're using a big stop. If that isn't proof enough I don't know what is LOL btw. Nice ...

zoopy's trading journal

gbpjpy weekly — Interesting what we have here. Just noticed we broke the weekly wave for this pair to the upside. Not sure if last week's close was a confirmed one so will probably wait until next week to make my decision. My bias for this ...

zoopy's trading journal

gold 4 hour — This might be why aussie is dropping a little. Gold broke a wave last week so my bias for this is definitely up. Would be interesting to see where this ends up but I do believe up, unless we create a wave and it collapses.

zoopy's trading journal

usdcad 4 hour — Seem too high? Hell no, waves breaking up still so I keep buying lol. Small risk too. Will see what happens to this trade, +15 on this one. Edit: Trade closed out this morning with +100 pips

zoopy's trading journal

audusd 4 hour — Took this trade this morning but am currently -26 pips. Looks like it's creating a new wave. I'll be keeping an eye on this current wave because if it collapses, I will be pulling the trade since I'm wrong. Might be a couple of ...

zoopy's trading journal

cable 4 hour — The chart for this was posted last Friday I believe, when the wave broke to the upside and closed. Last night it looked like this pair wasn't going to pullback so I entered long with a large stop. This trade is also currently at ...

zoopy's trading journal

gbpjpy result — Here's a follow up of the gbpjpy 4 hour chart. This one I also placed a long overnight but the trade is out since 100 pips was hit. Mind you these waves are still breaking up and I definitely would NOT short unless we get waves ...

zoopy's trading journal

usdjpy 4 hour result — Here's an updated chart of the usdjpy. Right now I'm in this trade with +80 so trade will be coming off shortly. Stops are at breakeven so nothing at risk. Edit: Profit taken. +100 pips

zoopy's trading journal

The reasoning behind wave trading. The mechanics. — Why use a line chart? The main reason why I use a line chart is because it has a big psychological advantage over candlesticks or bars. What do I mean by this? If you compare a ...

zoopy's trading journal

Reminder — Just another reminder before heading to bed. Static has questioned me on a few things in his journal so I'm going to see if I can explain some of the concepts behind my trading in more detail and the reasoning behind my thinking. ...

zoopy's trading journal

You're kinda getting the right idea with your explanation of how I place stops. In theory and in practice, when a move down turns into a move up, it HAS to create a wave first and break that wave up. Having said that, once it has done this, it ...

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