Happy to see the thread getting back to normal. I might visit it now more often. As for newbs, to give an idea of how much money can be made in forex I would say: If you make 50% on your capital within a year, you have made an awsome job. So turning ...

Jacko's Forex House of Pleasure and Pain

yes, but waiting for the close is dangerous, what if there is some news release and market jumps 100 pips, so now if thats at 1.5900 and it's not where you want to be. I'd say just move stop/loss away from round number.

zoopy's trading journal

stop/loss — Maybe higher stop loss should have been considered here as price usually makes higher highs than closin price in this selling scenario. Or in situation like we had here where price of 1.5800 was visited already we could look at ...

zoopy's trading journal

I'm thinking long eur/usd at 1.5650 , movement up seems accelerating therefore I dont think it will hit rising trendline at around 1.5550-1.6000 . There is 50% fib from recent move up at 1.5650 and other supporting signs at that price.

Jacko's Forex House of Pleasure and Pain

Large stops — I am not really crazy about large stop idea. Having a large stop lets say 500 pips is like having no stop at all, because you never plan closing the trade on that stop. You will probably always close the trade way before that ...

zoopy's trading journal

eur / usd — Well, out of longs now. I had a TP limit set at 1.5800 before I went to sleep yesturday, woke up today to see it being missed by 1 pip and I decided that market going further today so I took TP off the table to see where it will go ...

zoopy's trading journal

15 min. rule? — what's 15 minute rule?

zoopy's trading journal

Yes I am already starting to get it, and now I can recognise that all good traders subconciously see those waves, I see them make decisions that most of the time agree with the waves, for example when a profesional trader says, for example.. " ok ...

zoopy's trading journal

Yes, but sometimes there is noise that might throw you off or give you the wrong impresion. Wouldn't it help ignoring very small waves? It would get even simplier and maybe more accurate... Like for example eur/usd on your chart broke the wave down ...

zoopy's trading journal

eur/usd H4 waves — and H4

zoopy's trading journal

eur/usd daily — how about this for daily waves?

zoopy's trading journal

compounding — Yes, I was doing some research how to build your position up early but again I find difficulties. Lets take for example eur/usd the recent move up. Now on H4 chart we could start seeing when its turning around. Price reaches ...

zoopy's trading journal

Euro short — Intresting, I was thinking to buy euro at around 1.5690. Yesturday we had a strong move up, showing that downward movement has ended. I expected a retrace to lets say around 1.5600 but did not happen, thought this is quite normal ...

zoopy's trading journal

How will you determine when to throw in another 1% position? And how will you coordinate to be in with a full position before it breaks the high ?

zoopy's trading journal

Zoopy — The problem with wave trailing I found, wich I was testing this method earlier is that some waves seem to be quite large and your stops might endup 200+ pips below high of the price, and then collapse that wave, giving market back alot ...

zoopy's trading journal

as I said, we could figure something out about exits, its just too many roads to take here. Well I just through 50 pip TSL just because I was using it. Still considering if position was increased on the pullback wich started to move in our direction ...

zoopy's trading journal

position compounding — Some system about position compounding I thought about was. This should work in a nice uptrend and hold minimum of risk. I would trail my entry by 50 TSL untill BE and once its be then let the trade run. So when a trade ...

zoopy's trading journal

eur/usd — eur/usd at 1.5530 looks like it will make it to 1.5500 , but with this such a strong move down I'm a little concerned to take it at 1.5500 as I feel this southbound train might not stop on time.

zoopy's trading journal

grey backround and black line graph looks good. Never thought of this color, was using these colors. I prefer calm colors on my graph. Even green line on black backround is too much eye stretching for me. I might start using black line on grey ...

zoopy's trading journal

Thanks for your reply zoopy I'll try that one month trading using just a line chart, we'll see what I'll come up with like you said. So we don't have any real trailing stop method. How about if we are up 100 pips we put it at BE. How can we increase ...

zoopy's trading journal