Ok I have to plan my next course of action after being knocked out at 1.4560. I have provided a daily chart showing where price is currently (above the trendline) and included is a 4 hour chart. analysis 1. On the daily chart, price is above the ...

zoopy's trading journal

update — Well... this was an interesting day lol. Just when you think the euro may go up, it starts sailing downwards again. I have included a chart showing how price moved along the 1.4600 level. Again... I don't see any aggressive spike ...

zoopy's trading journal

I just took a look at the audusd daily chart. Personally I find that "nose" too short and probably wouldn't trade it. However... if you look back on your daily chart, there's a very good example of a pinbar on 2007.08.17. Adrian

james16 Chart Thread

Aggressive price behaviour at round numbers explained — I wanted to revisit this post again but this time using a chart to "illustrate" what exactly I look for when price approaches a round number that may be of interest to me. Again, this is ...

zoopy's trading journal

Thanks niner. I only just started my journal lastnight but as you can tell, I've been busy posting lol. I like showing charts, must have something to do with me being more of a visual/artsy person : Good luck with your trades

zoopy's trading journal

Just to review this because the eurusd is "behaving" a particular way around the 1.4600 level. What I noticed was that as price approached 1.4600, there wasn't really any spikes down telling me that this move up is pretty solid (Of course I could be ...

zoopy's trading journal

Another observation — This is another observation of mine that I have noticed in the past. It has more to do with "gut" feel but also tends to be right quite often. When you notice the market make "extreme moves" over a period, more often than ...

zoopy's trading journal

Hi Raz Thanks for helping me start this journal. I think it's a good idea especially when the market is moving so slowly. It helps to collect my thoughts before taking the next step PLUS... I tend not to be trigger-happy because I know others are ...

zoopy's trading journal

Just a follow up on this trade. My stops are now at breakeven (I have to manually do this since Oanda doesn't have a trailing stop). My AH is still waiting to be triggered at 1.4600. update 9:09 am est: stops moved to 1.4535 +35 9:29 am est: stops ...

zoopy's trading journal

Hi Araouf I am currently only a member of Jacko's group not the James16 one. However, I do plan on joining in the near future. I know of a few traders who are in the James16 private group as well and they're very happy so no complaints there. As for ...

zoopy's trading journal

round numbers observation — This is more of an observation as to how price moves around the round numbers area. If price was moving down and was approaching a round number for example 1.4200, I would watch to see how "aggressively" price ...

zoopy's trading journal

Something interesting — This isn't a trade I'm taking since I only trade the eurusd pair but what I see on this chart is interesting. As of late I have been using the line chart to better identify the peaks and valleys so that I can recognize ...

zoopy's trading journal

I am currently a buyer at 1.4500 with a sl at 1.4450. reasons 1. On post#5 we are currently at the trendline after price made 3 touches. 2. We are at a nice round number 1.4500. 3. We have an IB (inside bar) indicating indecision in that area and it ...

zoopy's trading journal

How I determine PPZ / support / resistance — Here is a daily chart of how I am going about determining general areas of support / resistance levels. I use a daily line chart and draw a line across to the general area peaks or valleys hit. Once ...

zoopy's trading journal

Daily chart — This is the daily chart that I'm using. I have also indicated a 50.0% fib retracement on the last move down including a PPZ (price pivot zone) at 1.4300. Also included is an alternative trendline that has developed although keep ...

zoopy's trading journal

Weekly chart — I have posted a weekly chart of the eurusd pair. I have also indicated 3 touches of the trendline which to me acts as a very strong support. We are still clearly in an uptrend. This is the chart / timeframe that I will refer to ...

zoopy's trading journal

Weekly + Daily trendlines — Before I get into the explanation of my charts, I want to share some information that Jacko posted in his thread which he picked up from yet another site. I consider this very valuable information so I'm going to ...

zoopy's trading journal

My basic tools + strategy — I have structured my trading based mostly on Jacko’s methodology (there will be other things that I leave out since that is restricted to Jacko’s private forum). Price action will also be factored into my decision ...

zoopy's trading journal

What amazes me most is that you're able to set all those trades off before it moves 110 pips lol. I remember trying to trade that pair a while back, I was up +100 or so pips, went downstairs to get something to drink and came back to see -100

Dumb blonde trading...