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zoopy's trading journal

  • #741
  • May 15, 2008 11:59am May 15, 2008 11:59am
Zoopyyyyyyyyyyyyyyyyyyyyyy
I admit I did psychadelic drugs when I was a teenager...that was a long time ago (I think I have recovered now) Next you will be playing Purple Haze in the background...
Never say never.
  • #742
  • May 15, 2008 12:00pm May 15, 2008 12:00pm
Quoting milan47
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.
Missed that post milan ROTF
Never say never.
  • #743
  • May 15, 2008 12:04pm May 15, 2008 12:04pm
Quoting razldazl
Missed that post milan ROTF
Great (acid) minds.....
  • #744
  • May 15, 2008 12:14pm May 15, 2008 12:14pm
Quoting cologg
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
The green is ok. Not sure about that red moving average though lol. Generally, when you have a black background, any colour you overlay onto that will have a very vibrant effect.
  • #745
  • May 15, 2008 12:15pm May 15, 2008 12:15pm
Quoting razldazl
Zoopyyyyyyyyyyyyyyyyyyyyyy
I admit I did psychadelic drugs when I was a teenager...that was a long time ago (I think I have recovered now) Next you will be playing Purple Haze in the background...
  • #746
  • May 15, 2008 12:22pm May 15, 2008 12:22pm
Sooo... looks like the eurusd decided to wakeup. Here's a new chart for this pair. We may have a wave collapse coming up meaning a move further down. I thought it was a little strange earlier this week when I was knocked out on that euro long.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_4hour.gif Size: 9 KB
  • #747
  • May 15, 2008 12:28pm May 15, 2008 12:28pm
Here's the gbpchf 4 hour. This one finally broke the wave to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_break.gif Size: 8 KB
  • #748
  • May 15, 2008 12:37pm May 15, 2008 12:37pm
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 backround, thanks zoopy
Attached Image
  • #749
  • May 15, 2008 12:46pm May 15, 2008 12:46pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
Here's the gbpchf 4 hour. This one finally broke the wave to the upside.
has your price closed above? i still have 3 hrs to go on the bar
  • #750
  • May 15, 2008 12:56pm May 15, 2008 12:56pm
Quoting MPP
has your price closed above? i still have 3 hrs to go on the bar

No not yet. Mine closes 4pm NY. But the fact that price is even piercing or at these levels right now tells me there's a good chance it's going to continue (watch the market prove me wrong again lol). I wouldn't buy on the break anyways, it's more the pullback that interests me.
  • #751
  • May 15, 2008 1:05pm May 15, 2008 1:05pm
Here's another way to look at it. Because price went up, the highlighted area now becomes the area of interest. If we close where we are now and start to pullback, price mustn't go beyond that highlighted area. If it goes beyond, the wave collapses.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_4hour_point.gif Size: 8 KB
  • #752
  • May 15, 2008 1:11pm May 15, 2008 1:11pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
any views on this, i think it's good for a long tp 50pips SL .7900 - wait for the close of the 4h to confirm it hasn't broken support

good or bad idea

Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 12 KB
  • #753
  • May 15, 2008 1:22pm May 15, 2008 1:22pm
Quoting MPP
any views on this, i think it's good for a long tp 50pips SL .7900 - wait for the close of the 4h to confirm it hasn't broken support

good or bad idea
Might be good to wait a little longer on that one. What I would probably do is try to see if it will pull back as close to that highlighted area in my chart. The closer the better because that allows for a smaller stop and if you are wrong and the wave collapses, at least you have a better sense as to where it's headed next.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_4hour_point.gif Size: 9 KB
  • #754
  • May 15, 2008 1:28pm May 15, 2008 1:28pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
Might be good to wait a little longer on that one. What I would probably do is try to see if it will pull back as close to that highlighted area in my chart. The closer the better because that allows for a smaller stop and if you are wrong and the wave collapses, at least you have a better sense as to where it's headed next.
to me that looks like it's turning down then, i think i would trust the price more if we broke the top leaving the support intact and then play the entry of the next wave.

this wave thing is very interesting, lets see how it plays

also i'm begining to think that trading a wider range of pairs is very possible with this method as the charts can be read quite quickly.
  • #755
  • May 15, 2008 1:41pm May 15, 2008 1:41pm
Quoting MPP
to me that looks like it's turning down then, i think i would trust the price more if we broke the top leaving the support intact and then play the entry of the next wave.

this wave thing is very interesting, lets see how it plays

also i'm begining to think that trading a wider range of pairs is very possible with this method as the charts can be read quite quickly.
Yah, I'm finding these wave movements interesting. I never really bothered looking into this stuff before. I think the one thing that that surprised me most was how much I could get away with.

As for trading multiple pairs, yes it's possible because it doesn't take long to analyze your charts. All you have to know is which side the waves have broken.
  • #756
  • May 15, 2008 2:24pm May 15, 2008 2:24pm
Would someone please remove the magnet on euro at 1.5450?

  • #757
  • May 15, 2008 2:29pm May 15, 2008 2:29pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
Would someone please remove the magnet on euro at 1.5450?

sorry it's battery powered by duracel so it will go on and on and on and on and on and on blah blah blah...................................
  • #758
  • May 15, 2008 2:38pm May 15, 2008 2:38pm
Quoting MPP
sorry it's battery powered by duracel so it will go on and on and on and on and on and on blah blah blah...................................
Looks like we'll be waiting for another 4 hours, maybe even 8 by the looks of it.
  • #759
  • May 15, 2008 3:42pm May 15, 2008 3:42pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zoopy
Looks like we'll be waiting for another 4 hours, maybe even 8 by the looks of it.
20mins for my bar to close, if it's interesting i will post the charts, if not i'll wait for yours - this could make things even more interesting time zone variations.
  • #760
  • May 15, 2008 3:46pm May 15, 2008 3:46pm
Here's my chart for gbpchf 4 hour. The price closed above the horizontal line indicating a break of the wave.

I'm a buyer at 2.0564
stops at 2.0456
TP at 2.0764 (going to try aim for 200 pips since this pair is more volatile)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_4hour_break.gif Size: 8 KB
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