Khornate You could try the babypips website plus I know there are tons of threads right now on fib trading, just do a search. The reason why I use the 50.0% fib retracement only is because this is probably the most used one that most traders will ...

zoopy's trading journal

explanation for post#119 (page 8) — usdjpy finally reached 100.00, now I can give my explanation on how I came up with that level lol. I've attached the current usdjpy daily chart with the levels 105.00 and 100.00. This is more of a ...

zoopy's trading journal

Just keeping this on my radar. Tomorrow is Thursday so there may be a breather/retracement in the eurusd and then up it goes after Asian session tomorrow night NY. At least that's what I'm thinking will happen so it'll be interesting to see if it ...

zoopy's trading journal

lol Looking at the eurusd now, I "should" have gone into that trade at 1.5300 yesterday. But... I'm also glad I didn't because if something bad happened overnight, I could have lost too. I rather have my money in my account than lose it on a bad ...

zoopy's trading journal

Things to be aware of — As of late we've had very wild swings. Things you should definitely be aware of are: 1. When Feds or Central Banks start getting involved. 2. China (China has $1.6 trillion in US Dollar reserves)

zoopy's trading journal

Yamin On my ibfx feed I don't have a beob but I noticed on my Alpari feed I do. It's very possible today will be a very choppy market and the Alpari feed will end up as an IB. Euro seems to be stuck in a 200 pip range so the closer you can get in ...

zoopy's trading journal

outlook changed — Seems like price didn't retrace back to the 1.5300 level and is now sitting at 1.5400. Normally price retraces first at the start of a daily bar before continuing. Euro seems very, very strong right now so will wait before NY ...

zoopy's trading journal

Yes. Also see post#24 (page 2). I've created a pdf of the basic setups. There's tons of more info on these in the James16 Chart thread though and how the J16 members trade them. These are more just for my reference so that I can find that info ...

zoopy's trading journal

You may not realize this yet but trading the daily time frame in my opinion is the best route. By the end of the day, it's the big players that will win so by trading the daily bar, you're really getting a clearer picture on what the big players are ...

KissFan's Trading Journal

eurusd updated chart — It's now 7:00pm NY and the daily bar has just closed. We do not have a beob... not sure what this bar is called (neutral bar?). In any case, even despite Fed intervention today, the eurusd didn't drop as much as I ...

zoopy's trading journal

Dudu Yes I see a trendline there and yes it would be a 3rd touch. However, I tend to use daily charts. The higher the time frame, the stronger the support/resistance area is. Also see post#208. Right now I'm out of any euro trades because I want to ...

zoopy's trading journal

Following up on post#197 — Here's an updated chart to post#197. If I was trading aussie, I would go long at 0.9150. Looks very yummy right now :

Dumb blonde trading...

Possible beob (bearish outside bar) forming on euro — Just an update on my eurusd daily chart. We may have a possible beob forming today (if there's a big change by the end of today the chart will be updated later tonight). Because of this ...

zoopy's trading journal

lol I try to find the simplest way possible. I've even changed my trade management now. I don't scale in anymore because it just complicates things. I don't want to have to worry about where to scale in or with how much. To top things off, I'd have ...

KissFan's Trading Journal

Simple works best

KissFan's Trading Journal

That's a very interesting approach. It's similar to the other aggressive approach I mentioned although you're dividing it by 5 instead of using percentages. I may try using that approach. Thanks for the idea!

zoopy's trading journal

lol. Nothing seems to stop this euro train. Just based on the movement of price around 1.5500... I don't really see much of an aggressive move down meaning there is no profit taking or selling. 1.5600 is now on the horizon. edit: So much for this ...

zoopy's trading journal

5 for 5 this week? — Just looked at this week's calendar and noticed Ben Bernanke is speaking on Friday. I wonder if he'll make it 5 for 5 this time around? Be sure to monitor euro and cable 12 hours before he speaks lol.

zoopy's trading journal

Khornate When I trade I try to make things as easy for myself as possible. I'm definitely no math whiz so you won't be seeing any complicated formula on how to conquer the markets lol. This is what I do... 1. Take 2%-5% of account balance 2. Base ...

zoopy's trading journal

eurusd 4 hour — Not too much happening today. Eurusd did slide slightly but not enough for me to consider buying. I was looking at the 4 hour chart and did however manage to spot some support between 1.5250 and 1.5150. This is just an area I'm ...

zoopy's trading journal