Hi Sonic I've been doing well thanks. Hope your trading has been profitable as of late. When the market moves like it has been, it's easier to make money using waves. I'll post an updated long term chart at the end of today for the eurusd pair. I ...

zoopy's trading journal

eurusd wave collapse — Updated analysis on the eurusd. We now have a confirmed wave collapse on the 4 hour chart. Bias is now down.

zoopy's trading journal

"The harder you work, the luckier you get" - Gary Player

Is luck part of profiting/losing in FOREX?

Not sure about the eurusd dropping although on my 4 hour chart I do have a wave collapse. When I see that, it's a warning sign that things may start reversing (in simplest terms, we have created a lower low but not a lower high yet). You're right ...

zoopy's trading journal

oil daily collapse — Something interesting on my oil charts. There was a wave collapse which occurred when price took out 135.96. If this follows through, we may start seeing larger waves down, similar to my charts I posted a while back on Dow ...

zoopy's trading journal

Current euro 4 hour wave — Don't have much to do now so may as well post a eurusd chart. Here's the current 4 hour wave. Bias is currently up. If we get a wave collapse then I'll start considering shorts but right now definitely looking for ...

zoopy's trading journal

They don't call it "The BEAST" for nothing lol

MW's trading journal

Hey Mike. Nice of you to drop by. Hope your trading is going well.

zoopy's trading journal

You're not hijacking at all. I should have clarified things when I said trade small. My idea of trading small is 2%-3% of whatever my account balance is. However... once I have profit to bounce from, I tend to trade 5%, sometimes even bigger ...

zoopy's trading journal

Good idea — Kaunasny What you have posted is a great idea. Quite often we tend to remember better when when we write things down. I think it's also a great way to prepare for the following week when the markets are closed. That way you're able ...

zoopy's trading journal

Hey Kiss. Glad to see your trading is coming along nicely. Your story is a good example of what's possible when trading small. I think traders sometimes forget that as the account grows, so too does the pip value. Consistency is key as you have ...

zoopy's trading journal

Yamin I used $500 in my example because I knew more traders would be able to relate to it. Is it possible to grow an account with $500? Short answer. Yes. Would I risk 5% of $500? No. I would risk 2%-3% first, build up my account to $1200 then use ...

zoopy's trading journal

That's very true although that also depends on your method I think. The way I trade I know when I'm wrong and definitely won't stick around when I see waves breaking against me. That's a BIG no no lol. The example I laid out was referring to an ...

zoopy's trading journal

Thanks greywolf. Hope you find it useful.

zoopy's trading journal

My money/trade management plan — Here's my money/trade management plan that I'm currently using. The risk percentage will vary depending on the trader, it's the plan that I have in place that protects me. This example will be based on a $500 ...

zoopy's trading journal

I think most traders focus so much on money and how much they "could" make, they forget to plan ahead for when they actually get there. I think you also may be misunderstanding that portion of my post. I'll be posting my money/risk management that ...

zoopy's trading journal

Hi Matt Thanks. Sticky? I'll let them decide. They can do what they want, doesn't matter to me lol.

zoopy's trading journal

Things which helped to take my trading to the next level — BASICS I can’t stress this enough. Before slapping on indicators or even picking up a method from someone, learn the basics. Some of the basics may include: a) Support + resistance b) ...

zoopy's trading journal

Very true — Very true Raz. Trading is all about probabilities. NOTHING is certain no matter how obvious you think it is. No one can tell the future. You can give a million reasons about why "you" believe the market is headed down but by the ...

Jacko's Forex House of Pleasure and Pain

Too busy hauling in the profits lol. On a serious note though... I stopped posting charts because the ones I have up now, are sufficient enough to illustrate how waves can be helpful in your trading. I also prefer having a journal where I have ...

zoopy's trading journal