Good analysis. Practice makes perfect

zoopy's trading journal

usdchf possible pullback — Not sure if this is actually going to happen but definitely possible. I've highlighted the current wave length. Whenever price makes very extreme moves like this, expect a possible retracement. Remember, the market ...

zoopy's trading journal

Thanks for your kind words Sean and great advice too. When you're trading, always question what you're using/doing. This is the fastest way to learn how to trade. So many prefer just to slap on indicators and have it show them the way. Makes me ...

zoopy's trading journal

Looks like Aussie saw your post and is on it's way to pick you up lol

zoopy's trading journal

Could be laziness but I think it also has to do with them not wanting to take responsibility for their own actions. This way when they lose, they can point the finger at someone else. btw, congrats on your trading and glad it's working for you.

zoopy's trading journal

I got a message from someone like a month ago asking me to message them when to buy/sell, but only when I'm 80-90% certain price is going in that direction. I wrote back telling them I can guarantee them 100% that I won't get it right 80-90% of the ...

zoopy's trading journal

Hi Raz How's tricks? I don't post results or trades because I had some message me asking for signals I'm not as brave as you haha

zoopy's trading journal

oil wave break — Oil finally broke out of it's range, breaking a wave to the upside. Bias is definitely up.

zoopy's trading journal

Nice entry Raz. I think I would opt for that too but not trading aussie lol. Good luck with your trade

Trading Aussie Jacko Style

Hi Jacko. Nice of you to drop by

zoopy's trading journal

Seems good. I would buy if I was trading it.

zoopy's trading journal

And not too long ago you were questioning me on whether it worked or not lol. I think things are just "clicking" for you and falling into place, you'll find it easier now because you'll know what to look for. Happy trading and congrats on your trade ...

zoopy's trading journal

Fibonacci retracement tool — I don't use indicators. This is where the Fibonacci retracement tool is located.

zoopy's trading journal

I didn't get the eurusd since I was focusing on usdchf lastnight. That trade is closed though and managed to get +75 pips. That trade was also based on order flow... 1st trade testing this stuff out to see how I can utilize it with waves for better ...

zoopy's trading journal

lol. You spotted that quickly. I'm testing out something having to do with order flow and where the banks have their orders waiting

zoopy's trading journal

Hi Barry What I would do if the above scenario happened, I would just let the trade go and start planning for my next entry. Remember, the market will always be there. Hope this helps. zoopy

Jacko's Forex House of Pleasure and Pain

eurusd wave break — Eurusd broke another wave to the upside and this will be confirmed at the end of this hour. Edit: Gone long on eurusd. Knocked out at breakeven. Looking at 1.5690 to go long again. Edit: Missed entry... oh well. There's ...

zoopy's trading journal

Yup, it's Jacko's method and he deserves all the credit. I just use the waves to help guide me. See... if you know which direction to trade in and you apply Jacko's method, it really doesn't matter if you're in a ranging market or trending (keep in ...

zoopy's trading journal

Hi Sonic Not sure if you're asking me how to draw the 50.0% fib retracement? When you draw the 50.0%, you use the swing high and swing low (tops and bottoms of waves). I've attached both a line and bar chart showing this.

zoopy's trading journal

Sonic Not sure if you've read the earlier parts in my journal where I stated that the entire wave approach is based on Jacko's method. Some may argue that it has nothing to do with his method but if you look at it very carefully you'll understand ...

zoopy's trading journal