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- zoopy replied Jul 10, 2008
lol. Wasn't in euro trade. Looking to go long. Waves breaking up.
zoopy's trading journal
- zoopy replied Jul 8, 2008
Yes but the way you're doing it is also a smart way lol. It's far easier to get 50 pips than 300. A while back I was doing some testing and noticed whenever I take smaller amounts my account seems to grow far quicker.
Tiki Trader Trades
- zoopy replied Jul 8, 2008
Also what others are missing is that you have compounding working faster since you are taking smaller amounts. You're letting the compounding do all the work whereas others feel the need to get 300+ pips per trade. For the other traders, think about ...
Tiki Trader Trades
- zoopy replied Jul 8, 2008
I see the waves like this. When mapping out the waves, look for those that are fairly well defined. If there's a lot of small "zig-zag" movements, it's probably noise.
zoopy's trading journal
- zoopy replied Jul 7, 2008
Follow up on post#1448 — This is more of a follow up on post#1448. As stated last week, we had a confirmed 4 hour wave collapse on the eurusd pair. Since then I have been biased to the downside. Today we had a pullback and it seems the market ...
zoopy's trading journal
- zoopy replied Jul 6, 2008
Examples of how waves can be used — Last week I mentioned that I would post examples of how waves could be used. Keep in mind these are just examples and are not full methods/systems so further exploration will be required. example one ...
zoopy's trading journal
- zoopy replied Jul 5, 2008
Not trading usdjpy but there was a break to the upside on the 4 hour. Bias for this pair is up. See chart attached.
zoopy's trading journal
- zoopy replied Jul 3, 2008
You could do that. Trade in the direction that the weekly waves break. I just trade the 4 hour chart as is. Edit: You just gave me an idea for another post. For a future post I'll give examples of how waves can be used as a tool instead of an actual ...
zoopy's trading journal
- zoopy replied Jul 3, 2008
Yes, you'll see it on the daily and weekly. Personally though I would pick a timeframe whether it be 4 hour or daily and trade the waves according to the timeframe you pick. When you start using different timeframes, you start complicating something ...
zoopy's trading journal
- zoopy replied Jul 3, 2008
Yes, that's correct. Wait for the pullback and when price starts turning up again and momentum picks up, that's when you go long. Edit: Also forgot to add... use the round number analysis to help guide your entries. This will help in determining the ...
zoopy's trading journal
- zoopy replied Jul 3, 2008
Yup, heard that from a few sources. I'll believe it when I see it lol.
zoopy's trading journal
- zoopy replied Jul 3, 2008
aussie — This is more of a follow up to post#1436. We have a big wave collapse on the aussie and it appears price is making another attempt to turn south. This time around it seems more pronounced so it will be interesting to see how this one ...
zoopy's trading journal
- zoopy replied Jul 3, 2008
eurusd collapsed wave — Hopefully the markets have settled down a bit after this morning's crazy moves. On my 4 hour chart, we have a collapsed wave that is confirmed for the eurusd. I am now biased to the downside and will be looking for ...
zoopy's trading journal
- zoopy replied Jul 3, 2008
That's a good example of why you follow the direction that the waves break
zoopy's trading journalLook at post#1443
- zoopy replied Jul 2, 2008
Most likely is although anything can happen. All you should be focused on is the fact that on the 4 hour charts your waves are breaking up. If it's breaking up, you look for those patterns like you have done and just buy when it breaks up. That's ...
zoopy's trading journal
- zoopy replied Jul 2, 2008
eurusd daily wave — Was looking at the current eurusd daily wave and we have now broken a wave to the upside.
zoopy's trading journal
- zoopy replied Jul 2, 2008
I'm watching this pair as well. I think I was wrong on quite a few of my analysis on other pairs earlier but that was based on the information I had at the time. They may also be adjusting themselves for tomorrow's news I'm not sure. Best to keep ...
zoopy's trading journal
- zoopy replied Jul 2, 2008
eurusd — Right now I have no eurusd trades on. However... I'm watching how this current wave is developing. Price seems to be heading towards the current base and if that collapses, I won't be looking for long positions anymore but rather ...
zoopy's trading journal