Yup, I agree. Right now, for my business I think the "all in" approach is best. I've had problems with this in the past when I use to trade other systems/methods and it always seemed to stump me. I shouldn't even have to worry about where to enter ...

zoopy's trading journal

All in / scale in / pyramiding in — Throughout my journal I haven't really discussed too much of my trade management as far as adding to positions because I've been experimenting with this for a while and still haven't found something I'm ...

zoopy's trading journal

usdcad — Speaking of CAD, what do you think that pair is going to do? When I draw a weekly trendline, price actually broke it and this recent drop down is almost like a confirmation of that break. In fact... we're stuck with an IB. To further ...

zoopy's trading journal

Definitely. Most of that big move I missed. I think I only ended up placing two trades the entire move LOL. For some reason I'm proud I only made two trades as well... maybe because it's unlike me to watch price just go like that and not get that ...

zoopy's trading journal

Gold — These are interesting charts too. I don't trade gold but... from what I've heard, when the USD goes up, gold goes down. We have a pinbar on eurusd pair showing possible downward move (USD strengthening). We have an IB on gold showing a ...

zoopy's trading journal

lol I'm wondering how well this pinbar is going to hold. Never underestimate the power of the trend. I've seen a lot of PA setups get wiped out whenever they're counter-trend, ESPECIALLY on the eurusd and audusd pairs.

zoopy's trading journal

eurusd charts for next week (march 9) — Today was an extremely volatile day and the euro seems to have formed a pinbar. Because of this, I'll now be looking for a possible drop... could be quite a considerable one too if it follows through ...

zoopy's trading journal

Khornate Even though you have been knocked out with a 50 pip stop loss, keep in mind it's all about protecting your capital. I still use the 50 pip stop because of this, the only reason why I entered into that one trade with a 100 pip stop (and half ...

zoopy's trading journal

Thanks. I'm live with Oanda too. I hope one day Oanda decides to add trailing stops as one of their features. I think if they did a pip-by-pip trailing stop they would definitely be my top choice. Personally... just let tomorrow go since it's NFP. ...

KissFan's Trading Journal

Good Luck! — Nice trading Kiss. Looks like you're really bringing in the pips! Good luck with your live account

KissFan's Trading Journal

Elaboration on post#189 — For those that have been following my journal wondering why is it I'm not entering as much as the other students of Jacko's group, here is my explanation. One of my main rules in the way I trade this strategy (see ...

zoopy's trading journal

Thanks — Thanks xg. The varying degree of stop loss does affect the position sizing. I'm not worried about having less on the trade though. IF a trade works in my favour even with a 100 pip stop and I get to add a second position on, I would ...

zoopy's trading journal

Thanks — Thanks Dudu I'd love to see the eurusd at 1.5000 as well. However... judging by the strength of the euro, I think there's a greater chance of it hitting 1.5500 first before pulling back. Right now I'm in no rush to get into any ...

zoopy's trading journal

Khornate The reason for the 100 pip stop is because of increased volatility and major news coming out. I placed an order last night and knew there was a possibility of it dropping while I was asleep. Chances are, the trade won't get triggered. Does ...

zoopy's trading journal

eurusd dblhc — Here's an updated chart for the eurusd. Right now my charts are showing a dblhc (not perfect but close enough). Having said that, normally what happens is a retracement first. Considering that price is at 1.5280, we're probably ...

zoopy's trading journal

Thanks — lol. Thanks Hope some of the information I've posted in my journal is able to help you in your trading

zoopy's trading journal

Drawing the 50.0% fib retracement — I've attached two charts to help those who are still learning to draw their fib retracement levels. I've also colour coded the numbers just to help. Green is for up Orange is for down

zoopy's trading journal

No need to apologize, you're just learning and the best way to learn is to ask questions. Believe me I use to make the same mistakes when I first started. You want to drag your fib extension from 2008.02.07 through to today's bar. Try deleting your ...

zoopy's trading journal

Here's the current 50.0% fib retracement — Milan Here is the current daily chart with 50.0% fib retracement. I don't have the other fib retracement levels because 50.0% is the most important. Another way to look at this, you should ask ...

zoopy's trading journal

I would like to say yes but I have no idea what I'm looking at... so many lines lol. I'll post a chart in a sec

zoopy's trading journal