lol. I wasn't sure how to treat Bernanke's results this week because he spoke on 2 days I believe. On the 2nd day, the euro was down but an hour before he was about to speak, it started going up aggressively. So I guess we're at 6 of 7? Thanks for ...

zoopy's trading journal

You too. Have a good weekend

zoopy's trading journal

Yes I think we may be headed down for a correction of some sort. I have a number of reasons (keep in mind this is my analysis) and I could still be wrong. The market will tell me if I'm right or wrong, in the end the market is always right. Other ...

zoopy's trading journal

I still think it's going down. Like Jacko says, when euro turns around, it's like an ocean liner lol. It will most likely be one very choppy move down... could also be wrong and it shoots up against me but we'll see. Can't be right all the time :

zoopy's trading journal

Counter trend trade — Shorted the eurusd at 1.5760 based on the following criteria. 1. I'm bearish (short-term). I think we're in a corrective phase 2. Euro made a run up of around 1000 pips from the break of it's daily trendline 3. Double top ...

zoopy's trading journal

No worries I had a feeling perhaps you misunderstood the one rule based on what you were telling me so had to clarify that. I too made the same mistake when I first started using Jacko's method which is why I had a few losses and couldn't figure ...

zoopy's trading journal

Thanks for dropping by Static. I'll be sure to drop by your journal.

zoopy's trading journal

I'm a little confused. Based on what I'm seeing on your chart... Bought at: 1.5600 Stopped out at: 1.5550 Your AH order should not have been placed until price dropped down to at least 1.5500 and below. The lowest price I have showing on my charts ...

zoopy's trading journal

Nice trade Yamin Like Static was pointing out, you want to be cautious and take more care when using the AH strategy. When you are stopped out, you want the market to continue past your stop by at least 50 pips (I prefer between 70-100 if possible) ...

zoopy's trading journal

Thanks — Thanks for the helpful link. I noticed a few of those setups are exactly the same as the ones I have with the exception that the ones in my pdf are bars and those are candlesticks but the general idea is the same.

zoopy's trading journal

We made it. 5 of 6! — LOL it went up. 5 of 6! Never underestimate the power of Mr B

zoopy's trading journal

If euro ends up going north near the end of the day, you know other traders have the same idea too lol. I find it only starts to happen during Asian and Euro/London Sessions so it'll be interesting to see what happens this time around.

zoopy's trading journal

Will we be going for 5 of 6? — Well... Euro is sitting at it's 50.0% fib retracement and Ben Bernanke is speaking tomorrow. I wonder where the Euro is going... LOL

zoopy's trading journal

I would be very cautious about buying right now. Based on what I'm seeing on my charts and the fast decline which also happened at the beginning of the hour... looks like a trap. We may be seeing a major correction take place so rather look to buy ...

Jacko's Forex House of Pleasure and Pain

Definitely true. The setups that I've listed work best on longer timeframes (daily, weekly, monthly) and to some extent the 4 hour as well. Out of curiosity, which setups (candlesticks/PA setups) do you find to be more reliable? Should be ...

zoopy's trading journal

The result of Bernanke speaking and the Euro going up will definitely be an interesting one. Based on what I'm seeing on my charts, I think there may be a major correction in the works which could possibly take us down to 1.4850 (trendline which was ...

zoopy's trading journal

lol. I checked in to read my messages before the lights went out (Earth Hour).

zoopy's trading journal

Thanks. Jim from the James16 Group really deserves all the credit though. There's tons of valuable information in his thread plus other setups I haven't yet included in my pdf. Speaking of PA setups, we have an IB on euro which could signal a ...

zoopy's trading journal

Hendrix buob = bullish outside bar. I have the setup posted on page 2 of my journal (post#24) The line chart is an incredibly powerful tool to have especially when identifying strong support/resistance areas. I haven't been able to use it as of late ...

zoopy's trading journal

Definitely. Gotta go for those dirt cheap bargains lol. Last night I thought it was going to head up but then noticed every time it hit 1.5820 or so, it would sag down and that was telling me there's no buyers whatsoever at 1.5800. If there were ...

zoopy's trading journal