zoopy's trading journal | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

Creating my Trading Plan + My Trading Journal 27 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

Attachments: zoopy's trading journal
Exit Attachments

zoopy's trading journal

  • #261
  • Mar 17, 2008 8:13pm Mar 17, 2008 8:13pm
Quoting raczekfx
It's a nice pb regardless with 160pips nose. If it breaks lower, I'd be surprised if we saw 1.59 ever again..
Almost identical pb with 160pip nose occurred on 11/3/08. Next day breached the top of the nose and kept going north.....

WHo knows. Everyone waiting for the Fed announcement later. Very timid market so far in the last 12 hours.

K8
  • #262
  • Mar 17, 2008 8:36pm Mar 17, 2008 8:36pm
Quoting Khornate8
Almost identical pb with 160pip nose occurred on 11/3/08. Next day breached the top of the nose and kept going north.....

WHo knows. Everyone waiting for the Fed announcement later. Very timid market so far in the last 12 hours.

K8
If Bernanke or Bush was to speak tomorrow, we'd know which direction to go lol
  • #263
  • Mar 17, 2008 8:58pm Mar 17, 2008 8:58pm
Quoting zoopy
If Bernanke or Bush was to speak tomorrow, we'd know which direction to go lol
For the record are you claiming 5 out of 5 or taking the 4.5 out of 5?
  • #264
  • Mar 17, 2008 9:31pm Mar 17, 2008 9:31pm
Quoting Khornate8
For the record are you claiming 5 out of 5 or taking the 4.5 out of 5?
4 out of 5 should do. We have to make it realistic plus most of the times when it happens, it's overnight when I'm asleep. That's usually the movement I'm implying to.
  • #265
  • Mar 17, 2008 9:35pm Mar 17, 2008 9:35pm
Quoting Khornate8
Almost identical pb with 160pip nose occurred on 11/3/08. Next day breached the top of the nose and kept going north.....

WHo knows. Everyone waiting for the Fed announcement later. Very timid market so far in the last 12 hours.

K8
I think I mentioned 'If it breaks lower', meaning breaking the low of that pin....
PB on 11th was nice but it never broke and it wasn't at the right place by def..
Yep, let's watch the event unfold tomorrow.
Attached Image
  • #266
  • Mar 17, 2008 9:53pm Mar 17, 2008 9:53pm
Quoting raczekfx
I think I mentioned 'If it breaks lower', meaning breaking the low of that pin....
PB on 11th was nice but it never broke and it wasn't at the right place by def..
Yep, let's watch the event unfold tomorrow.
You're right. you did mention that. I have absolutely no idea how to read price action with BEOBs and pin bars etc although I did read somewhere that pin bar like that is also referred to as a pinnochio (sic) bar in that it usually means the market is going to go in the opposite direction of the nose....

Ah well, I'm trading with the trend which is still massively northbound. Hopefully wont hurt me. If it does A-H me Danno.

K8
  • #267
  • Mar 17, 2008 10:14pm Mar 17, 2008 10:14pm
Quoting Khornate8
You're right. you did mention that. I have absolutely no idea how to read price action with BEOBs and pin bars etc although I did read somewhere that pin bar like that is also referred to as a pinnochio (sic) bar in that it usually means the market is going to go in the opposite direction of the nose....

Ah well, I'm trading with the trend which is still massively northbound. Hopefully wont hurt me. If it does A-H me Danno.

K8
Looks like the train started again. 1.6000 here we come lol.
  • #268
  • Mar 17, 2008 10:26pm Mar 17, 2008 10:26pm
LOL

It appears this train is currently being run by our government. Takes off, breaks down, takes off again. Hopefully 1.6000 is in the near future for us. There's plenty of people out there trying to verbally push it down again. Mind you this is the same rhetoric about the 1.5000 level and it turned out to be barely a hiccup in the up trend.

lets see shere it goes.

K8
  • #269
  • Mar 17, 2008 10:37pm Mar 17, 2008 10:37pm
Quoting Khornate8
LOL

It appears this train is currently being run by our government. Takes off, breaks down, takes off again. Hopefully 1.6000 is in the near future for us. There's plenty of people out there trying to verbally push it down again. Mind you this is the same rhetoric about the 1.5000 level and it turned out to be barely a hiccup in the up trend.

lets see shere it goes.

K8
I remember when that happened a while back with eurjpy. Everyone was saying 150.00 was a big psychological level so they started shorting. Any reason to short like the BOJ will intervene or G7 talks. Yet... when you look back at the chart, it continued up until almost 169.00.
  • #270
  • Mar 17, 2008 10:48pm Mar 17, 2008 10:48pm
Price has just pulled above Friday's high so if you discount the madness of yesterday this could signal more highs to come.
  • #271
  • Mar 18, 2008 6:02pm Mar 18, 2008 6:02pm
Quoting zoopy
lol... I'm not sure if this is good or not but everytime this Euro drops back I just keep buying. If it goes up and I cash in again and it again drops... I'll again keep buying.

1.5750 trade was stopped out with +30 pips
  • #272
  • Mar 18, 2008 6:06pm Mar 18, 2008 6:06pm
Today the euro did decline a little so the pinbar was right this time around. The new areas I'm looking at is 1.5650/1.5600. If this area fails to hold, I will be scaling back to my daily charts and looking at the 50.0% fib retracement and the trendline break area.
  • #273
  • Edited Mar 19, 2008 5:46pm Mar 18, 2008 6:57pm | Edited Mar 19, 2008 5:46pm
New trade triggered. I'm now a buyer at 1.5650.

On another note... I'm finding that drawing the 50.0% fib retracement on the 1 hour seems to work well for entries. If a loss does occur though, then there's always the AH. This week I'll be going over my approach again and reviewing the entry rules. I find this way to be more "structured" which I prefer.

result
This trade ended up closing out with +50 pips this morning. Should have been more though but wasn't at my computer to move the stop.
  • #274
  • Mar 18, 2008 7:35pm Mar 18, 2008 7:35pm
Forgive me Adrian for throwing another chart here.
I just wanted to make khor happy.. I know, I know..
I couldn't resist after selling all that yen since yesterday..
Attached Image
  • #275
  • Mar 19, 2008 1:46am Mar 19, 2008 1:46am
Quoting raczekfx
Forgive me Adrian for throwing another chart here.
I just wanted to make khor happy.. I know, I know..
I couldn't resist after selling all that yen since yesterday..
I'm always happy. Something about the anti-depressants I'm on. Only kidding
  • #276
  • Mar 19, 2008 12:20pm Mar 19, 2008 12:20pm
Are you monitoring the positions live when the Fed event happened? I had the same trade but got s/o for a full 50-pip loss during those 2 hours. How did you manage to escape with a +30 pips from 5750 level?

thanks,
xg

Quoting zoopy
1.5750 trade was stopped out with +30 pips
  • #277
  • Mar 19, 2008 5:31pm Mar 19, 2008 5:31pm
Quoting xgxg
Are you monitoring the positions live when the Fed event happened? I had the same trade but got s/o for a full 50-pip loss during those 2 hours. How did you manage to escape with a +30 pips from 5750 level?

thanks,
xg
xg

I made two trades on the 17th I think it was (day before the Fed's announcement). The first trade was stopped out at breakeven because of a spike. Second trade (the one you're referring to) went as high as 83 pips overnight leading up to the Fed's announcement. My stops were in place before the announcement but it was a spike in the morning at 8:00am that knocked me out.
  • #278
  • Mar 19, 2008 6:06pm Mar 19, 2008 6:06pm
Here's a chart of a trade I took this afternoon. Price hit the 50.0% fib retracement on my 1 hour chart so I entered in at 1.5600. Stops for this trade are now at breakeven.

I won't be posting any trades I take like I have up until this point. I was reading through my journal (which is suppose to help me in my thought process and analysis) and the whole trades/number of pips aren't really doing anything for me. It just clutters my journal up with useless numbers. I'll probably look back at those trades a year from now and just ignore them anyways. Having said that, I'll be posting charts instead showing areas of interest or things I haven't considered before.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_1 hour_mar19.gif Size: 14 KB
  • #279
  • Mar 20, 2008 8:12pm Mar 20, 2008 8:12pm
Support appears to be developing around 1.5400. Was previous resistance from 7 - 11 March. Mind you all major markets are closed and coming into Easter. Staying on the sidelines for the moment.

K8
  • #280
  • Mar 21, 2008 10:13am Mar 21, 2008 10:13am
Quoting Khornate8
Support appears to be developing around 1.5400. Was previous resistance from 7 - 11 March. Mind you all major markets are closed and coming into Easter. Staying on the sidelines for the moment.

K8
I'm out of the market as well until I get a clearer picture of what's happening. I made two main trades this past week using the 1 hour and didn't run into any losses although my last trade was knocked out at break even which tells me something.

It tells me we may be headed for a major correction so now I'm switching to my daily chart and waiting for price to pull back to the 50.0% at least which lies around 1.5200/1.5150. I'm going to try get it at 1.5150 depending on what price does in that area and if this fails then my next trade is at the trendline where price broke (around 1.4850/1.4900).
0 traders viewing now