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zoopy's trading journal

  • #1,441
  • Jul 2, 2008 7:31pm Jul 2, 2008 7:31pm
Quoting greywolf238
E/J is breaking waves up now, going to wait for a pullback and then go long, it's not to far from 168.00, overall trend is up so will be going with the trend.

EJ forming a bullish triangle??



sonic
Attached Image
  • #1,442
  • Jul 2, 2008 7:35pm Jul 2, 2008 7:35pm
Hey zoopy i sent you a pm.
  • #1,443
  • Jul 2, 2008 7:56pm Jul 2, 2008 7:56pm
Quoting sonicdeejay
EJ forming a bullish triangle??



sonic
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 another way to trade waves. Use it as a tool to sniff out which direction to trade in and only trade in that direction.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_4hour.gif Size: 8 KB
  • #1,444
  • Jul 2, 2008 7:59pm Jul 2, 2008 7:59pm
Quoting greywolf238
Hey zoopy i sent you a pm.
Replied back. Check your messages.
  • #1,445
  • Jul 3, 2008 4:02am Jul 3, 2008 4:02am
Quoting sonicdeejay
EJ forming a bullish triangle??



sonic

Look @ the EJ now!!

ssonic
Attached Images
  • #1,446
  • Jul 3, 2008 5:58am Jul 3, 2008 5:58am
Quoting sonicdeejay
Look @ the EJ now!!

ssonic
That's a good example of why you follow the direction that the waves break

Look at post#1443
  • #1,447
  • Jul 3, 2008 7:11am Jul 3, 2008 7:11am
Keep those analysis coming...

zoopy

sonic
  • #1,448
  • Jul 3, 2008 11:05am Jul 3, 2008 11:05am
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 short positions.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_collapse.gif Size: 10 KB
  • #1,449
  • Jul 3, 2008 11:12am Jul 3, 2008 11:12am
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 turns out. Keep in mind although my bias is down, should price break and close above the orange horizontal line, we will be breaking waves up and that's when the market is telling me I'm wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie_collapse.gif Size: 10 KB
  • #1,450
  • Jul 3, 2008 11:20am Jul 3, 2008 11:20am
This one is going to parity eventually. IMHO. The news today has the markets very turbulent so I'm taking advantage. I'll be loading up long on the way down.
  • #1,451
  • Jul 3, 2008 11:22am Jul 3, 2008 11:22am
Quoting KissFan
This one is going to parity eventually. IMHO. The news today has the markets very turbulent so I'm taking advantage. I'll be loading up long on the way down.
Yup, heard that from a few sources. I'll believe it when I see it lol.
  • #1,452
  • Jul 3, 2008 11:49am Jul 3, 2008 11:49am
hi zoopy, I'm back
very nice formation it shows only for long positions.
was a wave breaks up. now I'm waiting for the acceleration then pullback and go long. agree?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_h4.gif Size: 14 KB
  • #1,453
  • Jul 3, 2008 11:58am Jul 3, 2008 11:58am
Quoting fanias
hi zoopy, I'm back
very nice formation it shows only for long positions.
was a wave breaks up. now I'm waiting for the acceleration then pullback and go long. agree?
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 strength.
  • #1,454
  • Jul 3, 2008 12:04pm Jul 3, 2008 12:04pm
Quoting zoopy
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 strength.
wise words zoopy
thanks a lot
  • #1,455
  • Jul 3, 2008 12:26pm Jul 3, 2008 12:26pm
look the weekly also
made the pullback after the break up and now turning up again, waiting for Friday night for sure.
time for long position.
another strong confirmation to trade only long right?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_w.gif Size: 15 KB
  • #1,456
  • Jul 3, 2008 12:41pm Jul 3, 2008 12:41pm
Quoting fanias
look the weekly also
made the pullback after the break up and now turning up again, waiting for Friday night for sure.
time for long position.
another strong confirmation to trade only long right?
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 simple. Keep it simple. It's easier to analyze and execute that way.
  • #1,457
  • Jul 3, 2008 12:56pm Jul 3, 2008 12:56pm
Quoting zoopy
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 simple. Keep it simple. It's easier to analyze and execute that way.
that's right zoopy,
I trade the 4 hour with confirmation of bigger wave trend only, lets say weekly trend
  • #1,458
  • Edited 1:13pm Jul 3, 2008 1:01pm | Edited 1:13pm
Quoting fanias
that's right zoopy,
I trade the 4 hour with confirmation of bigger wave trend only, lets say weekly trend
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 method. Figured I'd open the approach up a bit so that you can see how versatile it is.
  • #1,459
  • Jul 4, 2008 7:22pm Jul 4, 2008 7:22pm
As UJ hovering with 61.8 fibo....

In weekly, it ends with the Hammer pattern, it could be a Bullish reversal!!
Daily Uptrend is still intact!!!

As I presume, UJ will climb towards its $110 target (50%fib) region anytime soon!!


sonic
Attached Image
  • #1,460
  • Jul 5, 2008 8:35am Jul 5, 2008 8:35am
Quoting sonicdeejay
As UJ hovering with 61.8 fibo....

In weekly, it ends with the Hammer pattern, it could be a Bullish reversal!!
Daily Uptrend is still intact!!!

As I presume, UJ will climb towards its $110 target (50%fib) region anytime soon!!


sonic
Not trading usdjpy but there was a break to the upside on the 4 hour. Bias for this pair is up. See chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_break.gif Size: 9 KB
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