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Spoof's Trading Made Simple(r) Journal

  • Post #601
  • Quote
  • Edited at 6:45am Aug 14, 2019 2:30am | Edited at 6:45am
Quoting TheSpoof
Taking a shot at the EURUSD breaking this range to the downside. Tight stop on this one. It's only gone about half its average weekly range thus far this week so I'm hoping to catch a nice move {image}
I like how you shrank the lower indicator window so that you can only see the color of the bars !
enough, isn’t it ?

or was that just a temporary thing ??

EDIT:

oh now I found out... it's the smTMMS Oscillator_tape

Anyone who also missed this...
see Post #464
Quoting jado911
{quote} Have you tried this? https://www.metatrader4.com/en/tradi...rm/web-trading
Nice alternative to remotely controlling a machine. I’ll have to look into this when I travel next.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
OK...got my downside breakout of that huge range EURUSD had been in. Stop moved defensively to 50% of my risk in case this is a false break. Time to let this ride and see what the market gives me. I have a take profit set for 6R in case price happens to make it that far.
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Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
AJ crossover short

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Detach yourself from the value of money - Mr. Pip
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Quoting TheSpoof
OK...got my downside breakout of that huge range EURUSD had been in. Stop moved defensively to 50% of my risk in case this is a false break. Time to let this ride and see what the market gives me. I have a take profit set for 6R in case price happens to make it that far. {image}
Look left!
Trade what "Is", not what "If".
Quoting TheSpoof
{quote} Nice alternative to remotely controlling a machine. I’ll have to look into this when I travel next.
Personally, I don't use it but is an option. I run a VM on a Qnap unit at home to run my notifications to my phone and trailing stops EA, I log in from my work laptop to trade in the evening or when traveling
took this continuation short 2 candles ago... anyone in this ?
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TRADING TIP
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Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting TheSpoof
TRADING TIP {image}

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Update : AJ stopped out for -1R, I should have been more mindful of the range on the left

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Detach yourself from the value of money - Mr. Pip
waiting for the HA to close below the HMA...
lots of room for a potential move down !?
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I don't know about that. First, it has to break all that support to the left. I've had some lousy trades lately and I'm beginning to think that support and resistance has a big role to play in trading. Momentum doesn't seem to be enough. What does everyone think?
Quoting mtacki
waiting for the HA to close below the HMA... lots of room for a potential move down !? {image}
I am in this trade from earlier...stop is moved to just past break even.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting carmelina
I don't know about that. First, it has to break all that support to the left. I've had some lousy trades lately and I'm beginning to think that support and resistance has a big role to play in trading. Momentum doesn't seem to be enough. What does everyone think?
Sure, you need to look at these things, but again, they fail as often as they work. It's ultimately up to you if you want to add additional factors into your trading. It has been a terrible month so far - price i just going sideways on so many pairs. There is a reason many traders sit out in August (and December). I am starting to think I will do the same for the rest of the month.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Well...this month has been horrible down just a little under 3R so far. I am hoping that my EURUSD and/or USOUSD trades go for 3-4R to make up my losses this week. I am almost sure I will be sitting out the rest of the month. Many traders have warned about trading during the summer months and apparently for good reason.
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Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting TheSpoof
Well...this month has been horrible down just a little under 3R so far. I am hoping that my EURUSD and/or USOUSD trades go for 3-4R to make up my losses this week. I am almost sure I will be sitting out the rest of the month. Many traders have warned about trading during the summer months and apparently for good reason. {image}
Thanks, TS, I was beginning to think that the system doesn't work. It's been terrible for me the past week. I'll persevere for a bit longer.
  • Post #618
  • Quote
  • Edited at 10:20am Aug 15, 2019 9:52am | Edited at 10:20am
Quoting carmelina
{quote} Thanks, TS, I was beginning to think that the system doesn't work. It's been terrible for me the past week. I'll persevere for a bit longer.
The system is fine. We are just in a bad market right now. Nothing we can do about it if the market isn't giving us good trades. All we can do is manage our losses as best we can and let those wins run to make up for the losses. These are the times where the rubber hits the road. This is when we need the discipline and patience to keep placing and managing our trades and not hopping to other systems. THAT BEHAVIOUR IS PRECISELY WHAT WE ARE TRYING TO STOP.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
  • Post #619
  • Quote
  • Edited at 10:29am Aug 15, 2019 10:17am | Edited at 10:29am
Going forward I am going to trade this system on both the four hour (TE shown here) and the daily charts (different broker) to see if one is generally more reliable than the other. I am going to take 2R profits on the four hour charts and I am going to let trades run on the daily charts via the indicators. There are some nice advantages to end of day trading that I miss
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
That downward spike made my day.....

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