Not neceserally, if they dont produse new highs or new lows there might not be any "real" waves, maybe just random waves showing no direction. And those waves would only be visible on alot smaller time frame. Your right, always buy on the direction ...

zoopy's trading journal

Yes, this time it did go to next 100 , I was going to begin question that theory if it didn't this time what i'm afraid of is : ( using current market action for example ) 1. Market goes to 1.5630 2. Market moves in a tight range of 20 pips ...

zoopy's trading journal

eur/usd — I'm still long on that trade. Wasn't a bad trade afterall, especially when I anounce my position on in the market on the forum, market always proves me wrong . Anyway it feels really heavy here at 1.5610's , we maybe up for a ...

zoopy's trading journal

graph — my graph H4

zoopy's trading journal

Hmm... , on my graphs I did not have a wave break, but a turnaround right before the bottom of last wave. I'm currently long since 1.4591 , lets see if it turns around. Intresting thought. Do we consider that small of a breach a wave break, maybe it ...

zoopy's trading journal

Indeed, I'm just looking at 1.5400 as a strong number and I expect buyers there. Thought that doesn't mean I'm buying there, market has to show me first it wants to go up. In zoopys journal I showed a graph where I was expecting a turnaround to ...

Jacko's Forex House of Pleasure and Pain

Pulled my trade also on eur/usd Actually I'm still biased for long on eur/usd , going to watch. 1.54000 range. It seems we have a very great support down there. I will look for longs there. If we break a bottom of the wave created on June 5th when ...

zoopy's trading journal

long eur/usd — market now at 1.5480 I went long at 1.5500 , Thought I'm not thrilled. Its very volotile here and I'm no longer sure this can be it. Should have waited for a better confirmation ( a take out of 1.5550 ) . But I'm not making any ...

zoopy's trading journal

Everything in life moves in waves. If we have a good life we'll have more happy days than bad days, but we'll still have bad days no matter what. So if May was a good month for unemployment numbers, it doesn't mean it can't get worse, this could ...

zoopy's trading journal

Its been on my radar already since 1.5600 but still wave'ing down. Right now I need market to brake 1.5550 and I'll look for a pullback then and start to look for longs.

zoopy's trading journal

question — Zoopy When market makes a wave up and your bias is long, you wait for retracemet, retracment occurs and market again starts to turn bullish. At what turning point do you enter the market? What do you have to see to decide to jump ...

zoopy's trading journal

good point. simplicity is the key. Funny you mentioned Elliot waves, I never studied them thought.

zoopy's trading journal

waves — Here are my waves and my view of eur/usd , I'm still bullish on this pair, looking to buy at 1.5300-1.5400 . If this move down closes bellow 1.5300 then I'll change my view to bearish and start selling on next big retracement. Zoopy, I ...

zoopy's trading journal

Well it all depends on your ability to earn profitable trades. I myself now closing trades that are positive less than 50% . Meaning if I win less trades, than my winers have to be larger. If I will catch only 10% of that winning move, my win is not ...

zoopy's trading journal

Moxy > how will you know when the low is the low ? I agree with 1.5550 as a strong resistence level. I put my stop just bellow it at 1.5530 from my 1.5650long. Little too many pips, but I thought the risk is worth it, since I was planing to use ...

Jacko's Forex House of Pleasure and Pain

elephants back! — The only explanation I can see here is that elephants are back to get us. Watch out!

Jacko's Forex House of Pleasure and Pain

eur/usd — To zoopys "wavers" : I look at waves a little bit differently than zoopy so don't get confused and better off follow zoopys methods, not mine. Like every trader that takes somebodys system and change it for his own preference I ...

zoopy's trading journal

Heh, reminds me of travian You becomming a great mentor zoopy. Good job 100 pip TP I have looked in this deeply and I recognized that all these different profit taking techniques work best on different market conditions. In the conditions like we ...

zoopy's trading journal

1.5650 long — Got my price of 1.5650 , long

Jacko's Forex House of Pleasure and Pain

eur/usd — Price now at 1.5690 , isn't this beutifull?

zoopy's trading journal