Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading Made Simple 134,566 replies

Trading Made Simple the right way, and other trading lessons 322 replies

Spoof's Trend, Level, Signal Trading Journal 109 replies

Trading Made Simple Charts Journal 2 replies

Attachments: Spoof's Trading Made Simple(r) Journal
Exit Attachments

Spoof's Trading Made Simple(r) Journal

Quoting TheSpoof
{quote} Yes...August was a nasty month all around - should have taken it off. This system may be profitable if traded in trending conditions with defensive money management and patience. /
I don't want to hurt your feelings, but:
Actually, as I have stated before, the only thing you needed to do. was: choose the right currency pairs in AUGUST (i. e. the trending ones).
Basically you could have made money with all NZD pairs, above all NZDUSD.
It never was the month - it never was the system (any working system will do...):
it always is and was lack of analysis BEFORE you entered a trade.
You only have to look at all the pairs in August to see that I am correct in saying so.
But the truth isn't interesting, it's beliefs that you are dealing in...
So - you can ignore me now...
Quoting josi
{quote} I don't want to hurt your feelings, but: Actually, as I have stated before, the only thing you needed to do. was: choose the right currency pairs in AUGUST (i. e. the trending ones). Basically you could have made money with all NZD pairs, above all NZDUSD. It never was the month - it never was the system (any working system will do...): it always is and was lack of analysis BEFORE you entered a trade. You only have to look at all the pairs in August to see that I am correct in saying so. But the truth isn't interesting, it's beliefs that...
Amazing to see hindsight work so well!!!!
Quoting neil001
{quote} Amazing to see hindsight work so well!!!!
hindsight always works
but my point was: you didn't need hindsight at all - because if you take the time and go through all currency pairs and GOLD and SILVER....
you will find that they didn't need hindsight - they were trending BEFORE August started
a) you see a pair is trending
b) you take only with-trend trades
c) you take those trades until there are clear signs that the trend is over (TL-break; test of old extreme etc)
d) when the trend is clearly over (i. e. range) you move to another pair that is trending
But that was my last contribution - you just go on blaming the month and ease yourself out of thinking by calling everything hindsight that never needed any hindsight....
Quoting josi
{quote} hindsight always works but my point was: you didn't need hindsight at all - because if you take the time and go through all currency pairs and GOLD and SILVER.... you will find that they didn't need hindsight - they were trending BEFORE August started a) you see a pair is trending b) you take only with-trend trades c) you take those trades until there are clear signs that the trend is over (TL-break; test of old extreme etc) d) when the trend is clearly over (i. e. range) you move to another pair that is trending But that was my last...
This is an eye opener, when the market is quiet you scan for pairs are already trending and go with them. This will of course save you from making wrong calls. I never thought it this way before.
Quoting josi
{quote} hindsight always works but my point was: you didn't need hindsight at all - because if you take the time and go through all currency pairs and GOLD and SILVER.... you will find that they didn't need hindsight - they were trending BEFORE August started a) you see a pair is trending b) you take only with-trend trades c) you take those trades until there are clear signs that the trend is over (TL-break; test of old extreme etc) d) when the trend is clearly over (i. e. range) you move to another pair that is trending But that was my last contribution...
And you missed my point...........making that statement AFTER it has happened is hindsight and therefore has ZERO credibility. BTW - i never lost anything in the month so not sure what you are referring to (refer picture).........but next time you want to be clever - call something before it happens!!!
Attached Image
Quoting josi
{quote} I don't want to hurt your feelings, but: Actually, as I have stated before, the only thing you needed to do. was: choose the right currency pairs in AUGUST (i. e. the trending ones). Basically you could have made money with all NZD pairs, above all NZDUSD. It never was the month - it never was the system (any working system will do...): it always is and was lack of analysis BEFORE you entered a trade. You only have to look at all the pairs in August to see that I am correct in saying so. But the truth isn't interesting, it's beliefs that...
You are correct in that this system works only in trending conditions. I made a case for the pairs I trade so I was not looking at the NZD pairs. I didn't discover the fact that this system fails miserably in ranging conditions until it was too late. RH never made any direct mention as to other forms of analysis beyond just taking the trade signals that the indicators give - like flying an airplane solely with instruments I believe was the analogy. I made a horrible mistake (again) thinking that trading could be done on indicators alone. If people are going to continue to trade this then I would suggest only finding those pairs that are trending (by what ever means you want to use to define a trend) and only trade signals in the trend direction.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting TheSpoof
{quote} You are correct in that this system works only in trending conditions. I made a case for the pairs I trade so I was not looking at the NZD pairs. I didn't discover the fact that this system fails miserably in ranging conditions until it was too late. RH never made any direct mention as to other forms of analysis beyond just taking the trade signals that the indicators give - like flying an airplane solely with instruments I believe was the analogy. I made a horrible mistake (again) thinking that trading could be done on indicators alone....
How about to include a relativ strength inticator? Just to see which pair to focus on.
You dont need any indicator to find a trend . Just look after a HH or LL in daily chart and use the Tmms ozi in 4 hour chart as entry point. But better is to wait for retracement after the 4 hours chart signals , because the most time its retrace before finally go to the main trend . I also have high winning percentage with this system .

Regards
DC
LIke in attached chart > use one day chart to find the trend and switch 4 hours chart for a entry
Attached Images (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB Click to Enlarge Name: Screenshot2.png Size: 83 KB
as i say the signal is very accurate but always face a retracment which is for a single entry not so good. Thats why i split it up in multi entries and build up my positions and let him run till next daily SR line . If he hit the next daily SR so i get my 2 to 1 or 3 to 1 Target .
dcdax thanks!
How to get three colours on TMMS Osc?

Edit: Sorry, I got it but do you use different settings than RSI 14, Stoch 8,3,3 / 14,3,3 ?
I use the originale TMM which uploaded from Spoof , i didint change any settings .
i just only change the candle into black instead gray .( because my background color is grey )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
I think its was a wonderfull idea from spoof to start the stread with TMMS and josi got the point to find a trending pair to use the TMMS. And this system is really easy to manage . Every morning u just look in daily chart for a start or a retracement candle in the TMMS if u find one then goto 4 hours for get a start or retracement candle in the trend direction. You just need take care for the 4 hour retracement . As i say i use multi entries to avoid a big draw down . Very often when u see a signal in 4 hour chart there will be a retarcement before goes into the big trend . I add my position during this retracement and at the end i have a better price compare to the starting 4 hour signal candle .
I expect the price and target will reach the first SR of 1.09685 then i have profit of 2 R but sure i will let him try to break and get the next SR 1.10261 . If i see he cant break then i go out with 1R .
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
Sorry to forget to mention that finding a trend u need to understand to find a ABCD pattern . Also its not just a TMMS signal in daily chart is enought for a Trend signal . I always look into the 4 hour chart for a evidence that im not in a ranging . Like my 4 hours chart i saw clearly a ABCD which ensure i was not in a ranging market then the TMMS signal in 4 hours was a go to build positions and my target was the D line. What important is that the 4 hours signal go candle need to break the last SR line and close above. So guys u see its not just TMMS signal and go .......
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
Quoting TheSpoof
Welcome traders. I hope this journal will provide you all some value going forward. I have plans to really step things up a notch compared to what is normally done on these threads. I am seeing the same things over and over that are keeping traders in the red and I want to address those things to hopefully turn people's trading around.
Thank you Spoof!! I’m following you and RH, and hopefully I will get better and better with my trading! Appreciate you guys so much for doing this!!
Never Givin' Up..
Hello Spoo, dcdax & fellow traders,
Why the thread is silent after 25th September? Does it mean that you are you all consistent in your trade?
Best of luck.
Hi I am new here and still reading the thread. What happened to the videos in youtube channel? I think those are removed.
Quoting TheSpoof
{quote} I'll take a stab at the GBPAUD here in a bit when the spread smartens up. Tight stop on this one {image}
Is those fibs a indicator
0 traders viewing now