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zoopy's trading journal

  • #721
  • May 15, 2008 8:45am May 15, 2008 8:45am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
i like green on black so far

BTW anyone long on EU

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  • #722
  • May 15, 2008 8:51am May 15, 2008 8:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cologg
Hey MPP,

I certainly don't want to detract from this thread in any way but it's very interesting you might see 2.0340 as an entry point in TEB's 200 simple method.

If you look at the low wave of the GBPCHF in the attached chart it's at almost the exact same price you note as an entry using TEB's method - Confluence maybe??

Sorry for the distraction Zoopy.

Thanks
Colin.
Hi Colin
the 2 system are very similar, they both use the waves in the charts to take a trade (teb also has a 200 system)
the difference is line instead of candle and Teb uses the break of the wave, and Zoopy uses the pullback. only here we try to keep things in our head, the idea is to learn to see it. although i expect TEB can just look at his charts and see it also when you get good at something it become second nature - i hope anyway
  • #723
  • May 15, 2008 8:58am May 15, 2008 8:58am
Quoting cologg
Zoopy,
I'd like to see your colour study info.
I'm continually playing with colours and often think I spend far too much time with that side of things....after all, who cares, the info is still the same isn't it????
Who knows if it makes a difference or not, but when the market is boring like it has been for a little while I'll mess around with this sort of thing rather than over trade - or at least I like to think that's what I do
I'll post a few charts on colours. It's not so much which colours I think are the best to use but more about how colours can affect the way you read the chart. When it comes to information, yes it's still the same. However... certain colours can actually make the trader more aggressive in their decisions. It has to do with colour psychology.
  • #724
  • May 15, 2008 9:06am May 15, 2008 9:06am
Quoting MPP
Hi Colin
the 2 system are very similar, they both use the waves in the charts to take a trade (teb also has a 200 system)
the difference is line instead of candle and Teb uses the break of the wave, and Zoopy uses the pullback. only here we try to keep things in our head, the idea is to learn to see it. although i expect TEB can just look at his charts and see it also when you get good at something it become second nature - i hope anyway
Is Teb's system the one that uses 50, 100, 200, 300 etc?

I was looking at my charts this morning and decided to see what it was like using the bars and 50.0% fib retracement on the waves. What I was seeing was quite interesting but I'm going to keep that aside for the time being. I want to see how far I can get with just a simple line chart before I go that route.

If you're curious about it though. It has to do with a chart you posted before using the 50.0% on the line chart. However... what I would do is wait for a wave collapse on the line chart, switch to the bar and apply the 50.0% that way. Then it's a matter of price retracing to it and entering until a wave breaks the opposite direction.
  • #725
  • May 15, 2008 9:09am May 15, 2008 9:09am
Quoting MPP
i like green on black so far

BTW anyone long on EU
Nope, not yet. When I went long earlier this week and was knocked out, it was a warning sign for me to stay out. Right now this euro is just hovering around aimlessly and I think a big move is on the horizon. Not sure which way though lol.
  • #726
  • May 15, 2008 9:10am May 15, 2008 9:10am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
I'll post a few charts on colours. It's not so much which colours I think are the best to use but more about how colours can affect the way you read the chart. When it comes to information, yes it's still the same. However... certain colours can actually make the trader more aggressive in their decisions. It has to do with colour psychology.
we want calming colours, not happy ones that will lead us to beleive we are super indestructable traders.LOL
  • #727
  • May 15, 2008 9:14am May 15, 2008 9:14am
Quoting MPP
we want calming colours, not happy ones that will lead us to beleive we are super indestructable traders.LOL
  • #728
  • May 15, 2008 9:28am May 15, 2008 9:28am
I might go into more detail with this in a later post but here's an example of how colours could affect your mood when trading. If you have high contrasting colours especially the ones below:

- blue/orange
- green/red
- yellow/purple
*to some extent black/white

The above colours create a "vibrational" effect. When you are forced to look at these combinations, the viewer will start to get disturbed/agitated and I think to some extent even aggressive. The reason for this is because that vibrational effect can exaggerate information.

Take for example the first four charts. The information is the same, but because the colours are so high in contrast, it gives the impression that the waves are moving (even though they aren't and it's the colours that are causing this effect).

If we look at the last chart, the colours tend to be more neutral. I also seem to identify the waves more easily and it might be because I find the other charts harder to look at after a while.

All the examples are to the extreme just to illustrate my point. Information may be the same but how it's presented makes a very big difference.
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  • #729
  • May 15, 2008 9:42am May 15, 2008 9:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Here's a TEB setup as an example

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  • #730
  • May 15, 2008 9:44am May 15, 2008 9:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
I might go into more detail with this in a later post but here's an example of how colours could affect your mood when trading. If you have high contrasting colours especially the ones below:

- blue/orange
Blue orange is doing my hhead inn, woooooooow
  • #731
  • May 15, 2008 9:45am May 15, 2008 9:45am
Quoting MPP
Blue orange is doing my hhead inn, woooooooow
LOL. The crazy thing about that chart is that it's a line chart. Imagine seeing it in candles/bars. I think I'll post it so you can see the difference.
  • #732
  • May 15, 2008 9:47am May 15, 2008 9:47am
Quoting MPP
Here's a TEB setup as an example
Thanks.
  • #733
  • May 15, 2008 9:50am May 15, 2008 9:50am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
LOL. The crazy thing about that chart is that it's a line chart. Imagine seeing it in candles/bars. I think I'll post it so you can see the difference.
Back in a minute, just going to get some sunglasses
  • #734
  • May 15, 2008 9:54am May 15, 2008 9:54am
Here's an example of why blue/green isn't the best colour choice lol. Compare this to the blue/orange line chart. The candles themselves create a more visual disturbance which is why I wanted to see whether it was possible to trade just using the line chart.
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  • #735
  • May 15, 2008 9:55am May 15, 2008 9:55am
Quoting MPP
Back in a minute, just going to get some sunglasses
I might lose some viewers with that last post
  • #736
  • May 15, 2008 10:04am May 15, 2008 10:04am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
Here's an example of why blue/green isn't the best colour choice lol. Compare this to the blue/orange line chart. The candles themselves create a more visual disturbance which is why I wanted to see whether it was possible to trade just using the line chart.
i'm gonna report you to the mods - infraction - abuse of fellow traders.
  • #737
  • May 15, 2008 10:09am May 15, 2008 10:09am
Quoting MPP
i'm gonna report you to the mods - infraction - abuse of fellow traders.
  • #738
  • May 15, 2008 10:21am May 15, 2008 10:21am
Whoa!!! That really is awful
Enter Signature
  • #739
  • May 15, 2008 10:26am May 15, 2008 10:26am
What's your take on the colours used in one of my previous posts (2nd chart)- Post 667

I quite like it and use those colours often.
Not sure why they work for me but it might be because I find it easy to spot the candles types and I don't need laser treatment after viewing it.

Cheers
Enter Signature
  • #740
  • May 15, 2008 11:57am May 15, 2008 11:57am
Feels like back in the 70's. I am gonna play some Purple Haze while I am trading. Unless you are too young to remember Jimmi Hendrix.
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