usdchf weekly — Although this isn't the eurusd, the swissy is a mirror image of the euro. On the weekly chart this too is showing signs of a move up (meaning USD strength) since it broke the IB to the upside (again, keep in mind this is ...

zoopy's trading journal

eurusd 4 hour charts — I decided to take a fresher look at my charts after the weekend, more specifically the 4 hour. As you may recall, last Friday the euro took a nosedive down and created this huge dbhlc PA setup. Now... when I see those ...

zoopy's trading journal

Other charts showing possible signs — I have included two more charts of the eurgbp pair. Whether this will show signs too I'm not sure but for this pair we had a dbhlc on the daily and the weekly chart shows a possible beob. To me this is ...

zoopy's trading journal

Revising the outlook on euro — Well... looking back at this post I was OBVIOUSLY wrong. What just happened overnight and this morning was the "very fast and aggressive move" I have detailed in the blue quote above (also see post#382). Because ...

zoopy's trading journal

post#367 revisited — Was going through my journal and remembered posting this a few days ago after we had experienced that big gap. This also coincides with my 1 hour analysis on the trendline break. Goes to show how powerful the line chart ...

zoopy's trading journal

lol. I'm not exactly the patient kind either but I've definitely improved. Might also be because I'm only trading one pair now whereas before I was trading 6. When you're trading just the euro and it isn't moving, believe me... you get bored very ...

KissFan's Trading Journal

If GFT uses Metatrader, this is where the tool is located.

Jacko's Forex House of Pleasure and Pain

I definitely agree with that. I've noticed quite often in the past what I see as a good PA setup (to me) is one that a lot of J16 members wouldn't trade because of other criteria. You seem to be doing really well. Keep them coming

KissFan's Trading Journal

Rlee The 50.0% fib retracement level is determined using the fibonacci retracement tool in Metatrader or whichever charting package you're using. zoopy

Jacko's Forex House of Pleasure and Pain

Cyborg The Anti Hedging strategy works because you are trading in the direction of the long term trend. If you look at the eurusd on the weekly chart, you will notice a bias towards an upward trend. What this means is... if you were to buy and it ...

Jacko's Forex House of Pleasure and Pain

Another example — Although this is the eurchf monthly chart, here is another example of how price often retests the trendline it has broken. Same concept, different timeframe.

zoopy's trading journal

Follow up to post#386 — Here is a follow up chart that I just took of the eurusd 1 hour. Price did hit 1.5850 and I believe this next move is going to be the one that will break the 1.6000 barrier. Lets see how this plays out

zoopy's trading journal

Right now I'm wondering whether there will be a retracement at all. I was looking for a much deeper retracement around 1.5900 down to at least 1.5400 or around there. If we break 1.6000 without much of a fight, we could very well see 1.6500 in a ...

zoopy's trading journal

eurusd 1 hour: possible scenario — Here is a eurusd 1 hour chart showing a possible scenario in the hours to come. It's very possible we may see a decline in the eurusd to test the 1 hour trendline it broke earlier this morning. If this is the ...

zoopy's trading journal

Maybe you should start a signalling service. Might be praised as being the best signalling service out there I don't know too much about fundamentals either but I've actually heard quite the opposite. I've heard that they're ...

zoopy's trading journal

So what you're saying is... use you like the Bernanke indicator? :

zoopy's trading journal

Yes this week was a winner but I'm taking the rest of the week off. I was talking to another trader in the group a few days ago and said I forecast euro to hit between 1.6000-1.6100 by end of this week. I'm curious to see whether that plays out or ...

zoopy's trading journal

Plan for the remainder of this week — Ok... since the market is so undecided and we have bushes rustling from all directions, I'm going to play it this way. I'll start a forest fire and wait to see who's still standing lol. On my chart, I have ...

zoopy's trading journal

Price areas to consider — This may help in seeing a clearer picture. I find that when you're a little "lost" as to where you think price may be headed because of erratic moves, it's time to step back and look at your daily/weekly charts. ...

Jacko's Forex House of Pleasure and Pain

After using the trailing stop (before I was against it), I'd have to say I definitely prefer exiting using a trailing stop instead of a manual exit. As Jacko told me, it takes the stress out of having to make that final decision and you let the ...

KissFan's Trading Journal