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Spoof's Trading Made Simple(r) Journal

  • #61
  • Edited 8:37am Jul 26, 2019 8:24am | Edited 8:37am
[quote = TheSpoof; 12405423] {quote} Ehi flavio1900, No, sei entrato troppo presto. La candela che attraversa la linea verticale deve chiudersi e quella diventerà la candela di segnalazione. L'HMA non era sotto l'EMA sulla candela prima di esso. Ha senso? Potresti essere fortunato in questo commercio con un ingresso anticipato ... chissà, ma non farlo di nuovo. Tutte le condizioni devono essere presenti alla chiusura della candela. Si prega di consultare il mio primo post e rileggere le quattro condizioni che devono essere soddisfatte. [/ Quote]

Hi TheSpood,
Thanks for the reply. I thought the signaling candle was the one before it, in fact it closes under EMA and the indicators below are red. At the close all conditions were met and I opened the trade. What did I do wrong?
  • #62
  • Jul 26, 2019 8:39am Jul 26, 2019 8:39am
Quoting TheSpoof
{quote} Thanks. I am trying to be as transparent as I can. I have nothing to hide so why not prove that I am actually trading with a real account and show the results. There are way too many traders taking advice from people that do not or will not prove their trading record. Why on earth so many traders take advice from these people is beyond me. I want to do things differently. I have a different view of money management than do most traders. I am not really interested in compounding my account into millions because from what I have seen that...
Thanks for the answers mate, very helpful, I also have a wife to prove my profitability too

Just one more question if you don't mind, how do you select a pair to monitor? Any hint on that regard?

Sorry to bother you with a bunch of questions in the first place
thinking outside the box
  • #63
  • Jul 26, 2019 8:41am Jul 26, 2019 8:41am
however now the situation is this, it seems that the trade goes from the right side.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 76 KB



I have now entered eurusd with this configuration:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 61 KB


what do you think?
  • #64
  • Jul 26, 2019 9:18am Jul 26, 2019 9:18am
Quoting flavio1900
however now the situation is this, it seems that the trade goes from the right side. {image} I have now entered eurusd with this configuration: {image} what do you think?
Essentially you just doubled your risk since both pairs are highly correlated
thinking outside the box
  • #65
  • Jul 26, 2019 10:14am Jul 26, 2019 10:14am
Thanks Spoof for the great video, I am buying the tool as it looks to be very helpful. Have a great weekend. Very impressed and encouraged with your results.
regards,
Peter
Just trying to put a kiss on the cheek of success
  • #66
  • Jul 26, 2019 10:29am Jul 26, 2019 10:29am
Guys, where i find the indicator Risk Reward Ratio for MT4 that i see in the video?
  • #67
  • Jul 26, 2019 10:43am Jul 26, 2019 10:43am
Quoting flavio1900
Guys, where i find the indicator Risk Reward Ratio for MT4 that i see in the video?
Here you go,
https://www.riskrewardratio.club/

regards,
Peter
Just trying to put a kiss on the cheek of success
  • #68
  • Edited 4:10pm Jul 26, 2019 11:12am | Edited 4:10pm
Hey guys. Money management and trade management are crucial aspect of trading that you really need to understand and master in order to be consistently profitable. I am posting this video I made discussing the differences between full position trading and scaling out of trades and why I think one is superior to the other. Guys, these opinions and thoughts are what I have and are what help to make up my positive trading mindset. Feel free to agree or disagree but is how I trade. And, yes, I know I didn't cover all the possible permutations of trading with scaling out At the end of the day it just adds complications to your trading for a scant benefit - if any.

Inserted Video
Emotion - it steals your money.
  • #69
  • Jul 26, 2019 11:17am Jul 26, 2019 11:17am
@thespoof, I have just purchased the tool about 30 mins ago but have not yet recieved a download link, did it take you this long when you bought it? I have sent a qeustion to support but no answer yet
Just trying to put a kiss on the cheek of success
  • #70
  • Jul 26, 2019 11:27am Jul 26, 2019 11:27am
Quoting pet3250
@thespoof, I have just purchased the tool about 30 mins ago but have not yet recieved a download link, did it take you this long when you bought it? I have sent a qeustion to support but no answer yet
Ya...I think it took a bit.
Emotion - it steals your money.
  • #71
  • Jul 26, 2019 11:31am Jul 26, 2019 11:31am
Quoting TheSpoof
{quote} Ya...I think it took a bit.
Thanks, looking forwrd to next week.
Just trying to put a kiss on the cheek of success
  • #72
  • Jul 26, 2019 11:54am Jul 26, 2019 11:54am
I am loving this system. RH, Emmanuel and Spoof are gods amongst men.
My last 13 trades this week have all made pips of varying amounts and for the first time in 2 years the week has finished with a small profit. My Demo account might actually start increasing from the near bottom it is now, or was it just a lucky week?
I also have another demo account not MT4 which I have been practice trading with, also near the bottom.
Looking forward to some advanced tips from the gods to improve my winning streak.
  • #73
  • Edited 12:07pm Jul 26, 2019 11:57am | Edited 12:07pm
Quoting Mercennary
{quote} Thanks for the answers mate, very helpful, I also have a wife to prove my profitability too Just one more question if you don't mind, how do you select a pair to monitor? Any hint on that regard? Sorry to bother you with a bunch of questions in the first place
Here are the instruments I currently trade & why:
AUDUSD, EURUSD, GBPUSD, GBPAUD, USDJPY, and USOUSD
I chose these instruments to help cut down on over trading and information overload. These instruments provide enough quality trading signals each week to make money. They were chosen based on recent price action that shows the propensity for price to reach a 2R take profit after a signal is generated. This list will likely change as markets change.
Emotion - it steals your money.
  • #74
  • Edited 1:45pm Jul 26, 2019 12:02pm | Edited 1:45pm
Quoting 40PipsAlan
I am loving this system. RH, Emmanuel and Spoof are gods amongst men. My last 13 trades this week have all made pips of varying amounts and for the first time in 2 years the week has finished with a small profit. My Demo account might actually start increasing from the near bottom it is now, or was it just a lucky week? I also have another demo account not MT4 which I have been practice trading with, also near the bottom. Looking forward to some advanced tips from the gods to improve my winning streak.
Not sure about luck, but the market will give us what the market will give us - we have zero control over that. We are going to get caught in ranging weeks no doubt about it. So long as we don't get whip-sawed for too many full 1R losses and are able to trail or stops for smaller losses or at least tiny profits we will make money quickly when the market eventually gives us the moves we need. Patience and discipline to ride these times out - and they are absolutely going to happen - is the key to being consistently profitable over time. This isn't a holy grail, guys, and I am under no delusions that there will not be lost trades, losing weeks and even losing months. It is critical that you learn to prepare yourself psychologically for this reality, guys. This is where the key to successful, long term trading lies.
Emotion - it steals your money.
  • #75
  • Jul 26, 2019 12:13pm Jul 26, 2019 12:13pm
Quoting flavio1900
[quote = TheSpoof; 12405423] {quote} Ehi flavio1900, No, sei entrato troppo presto. La candela che attraversa la linea verticale deve chiudersi e quella diventerà la candela di segnalazione. L'HMA non era sotto l'EMA sulla candela prima di esso. Ha senso? Potresti essere fortunato in questo commercio con un ingresso anticipato ... chissà, ma non farlo di nuovo. Tutte le condizioni devono essere presenti alla chiusura della candela. Si prega di consultare il mio primo post e rileggere le quattro condizioni che devono essere soddisfatte. [/ Quote]...
Hey flavio1900...I'll address this tomorrow. I am off to the beach now for some Friday afternoon beers
Emotion - it steals your money.
  • #76
  • Jul 26, 2019 12:28pm Jul 26, 2019 12:28pm
[quote = TheSpoof; 12406033] {quote} Ehi flavio1900 ... mi rivolgerò a questo domani. Ora vado in spiaggia per alcune birre del venerdì pomeriggio [/ quote]
okay, good rest, friend
  • #77
  • Jul 26, 2019 1:10pm Jul 26, 2019 1:10pm
Quoting TheSpoof
Hey guys. Money management and trade management are crucial aspect of trading that you really need to understand and master in order to be consistently profitable. I am posting this video I made discussing the differences between full position trading and scaling out of trades and why I think one is superior to the other. Guys, these opinions and thoughts are what I have and are what help to make up my positive trading mindset. https://www.youtube.com/watch?v=5Wp-V9o4gNU
Great video! Thanks!
  • #78
  • Jul 26, 2019 3:50pm Jul 26, 2019 3:50pm
Quoting TheSpoof
Hey guys. Money management and trade management are crucial aspect of trading that you really need to understand and master in order to be consistently profitable. I am posting this video I made discussing the differences between full position trading and scaling out of trades and why I think one is superior to the other. Guys, these opinions and thoughts are what I have and are what help to make up my positive trading mindset. Feel free to agree or disagree but is how I trade. And, yes, I know I didn't cover all the possible permutations of trading...
Awesome simple explanation !
  • #79
  • Jul 26, 2019 4:29pm Jul 26, 2019 4:29pm
Quoting pet3250
{quote} Here you go, https://www.riskrewardratio.club/ regards, Peter
This is a good option, free !!!!
https://www.earnforex.com/metatrader...Trading_script
  • #80
  • Jul 26, 2019 4:36pm Jul 26, 2019 4:36pm
Well, the markets are closed. I hope you were all profitable this week. Have a good weekend. I’m going to leave you with this little paraphrased thought (can’t remember where I picked it up):

It takes 40% effort for a 5% improvement and a 5% effort to make it 40% worse.

Lets not make trading more complex than it needs to be, folks. Let’s focus on what truly matters and that is trading our plans and systems with calm consistency and patience.
Emotion - it steals your money.
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