{quote} This is a good option, free !!!!https://www.earnforex.com/metatrader...Trading_script
Emotion - it steals your money.
Spoof's Trading Made Simple(r) Journal
{quote} Heya, I have read and re-read the first post, perhaps I have not expressed myself correctly, so let me rephrase that one. What Im asking you is how do you define "price action that shows the propensity for price to reach a 2R take profit after a signal is generated"? Is more of a visual thing or do you have any methodology? Because I noticed that from 28+ pairs you picked a few. thanks mate
Emotion - it steals your money.
[quote = TheSpoof; 12406033] {quote} Ehi flavio1900 ... mi rivolgerò a questo domani. Ora vado in spiaggia per alcune birre del venerdì pomeriggio 
[/ quote]
My friend, you remember then to give me an explanation on my trades? for me it is very important to better understand this strategy.
thank you
[/ quote]My friend, you remember then to give me an explanation on my trades? for me it is very important to better understand this strategy.
thank you
{quote} Hey Spoof love the thread... Just had a thought tho, if you are taking one postion on the trade say $90 Then u can't have 1r 2r 3r as it is one postion. Or you take a 1/3 postion take profit then you are back where you started opening 3 positions.. if that makes sense lol the maths doesn't add up for me
Emotion - it steals your money.
[quote = TheSpoof; 12406033] {quote} Ehi flavio1900 ... mi rivolgerò a questo domani. Ora vado in spiaggia per alcune birre del venerdì pomeriggio
See the attachment for the explanation. You shorted into a pretty decent support, which is fine, but I would be trailing your stop tight in case price bounces off or does a false break and comes back against you. Of course it could also blast right through that level next week 
Emotion - it steals your money.
{quote} Hmm. Ya, Monday is business time
regards,
Peter.
Just trying to put a kiss on the cheek of success
[quote = TheSpoof; 12406730] {quote} No ... non ti sei dimenticato di te Vedi l'allegato per la spiegazione. Sei andato in cortocircuito in un supporto abbastanza decente, il che va bene, ma mi piacerebbe seguire la tua fermata nel caso in cui il prezzo rimbalza o fa una pausa falsa e ti ritorni contro. Ovviamente potrebbe anche saltare attraverso quel livello la prossima settimana {image} [/ quote]
Ok, tks!
Vedi l'allegato per la spiegazione. Sei andato in cortocircuito in un supporto abbastanza decente, il che va bene, ma mi piacerebbe seguire la tua fermata nel caso in cui il prezzo rimbalza o fa una pausa falsa e ti ritorni contro. Ovviamente potrebbe anche saltare attraverso quel livello la prossima settimana {image} [/ quote]Ok, tks!
{quote} No. I don't look to lower time frames for a "better" entry what ever that means. It makes less than zero sense to me why you would jump down to the five minute charts when trading what is essentially the daily price action unfolding over the course of the week which is what the four are charts are. What significant advantage do you perceive that you are getting by hanging around on the five minute charts for a signal to appear? The five minute chart makes up 2% of the price action of a four hour candle and it is utterly insignificant when...
imho, the worst aspect of trading small TF is not worthy of the time... time is precious...
and if i may introduce a book about trading psychology Trading In The Zone by Mark Douglas and there is an audiobook in youtube
and i have listened to it after Jan 3 black swan event to deal with my fears and greed.. Mark Douglas stated anything could happen, totally agreeing with that TheSpoof post #74 "Not sure about luck, but the market will give us what the market will give us - we have zero control over that.''and for me personally another thing i like is the edge given by money management.. which is the risk:reward ratio -> risk less than or equal to 1 while reward is 2... even is it stays 1R:2R ratio, this method only needs a win ratio percentage of 66.6%(lose/negative 1R) : 33.3%(win/positive 2R)... that is only talking about the capital preservation or breakeven.. so i would not be surprised if last week TheSpoof shared "I took 9 trades this week. 5 were positive and 4 were negative. I came away with just a tad over 4R in profit." and i really like idea that only 2 losses/currency pair per week
i'm sure TheSpoof has taken at least 20 trades, clear definition of entry or not, staying true to just 7 criteria and H4 TF (this is not a random magic number by me, but a number stated by Mark Douglas)-> for me i still dont understand why he stated 20 or any number other that, but i rather trust people who trades live, not demo, experienced from trading of many years, dont talk with flowery words, have trained numerous people, not involved in criminal cases.. -> so since passing 20 trades, and is profitable, even just 2-4R per 20 trades per 20 trading days, imho it is totally amazing..
imho, TheSpoof post #74 and post 86 is short and sweet, real gold for me. Thx u.
{quote} yup, totally agree.. lol.. imho, the worst aspect of trading small TF is not worthy of the time... time is precious... and if i may introduce a book about trading psychology Trading In The Zone by Mark Douglas and there is an audiobook in youtube
Emotion - it steals your money.
{quote} Thanks for the post. I have read that book. I am glad that what I am saying is making sense to you and rings true. I am an objectivist by nature and I try my best to trade based on what I am seeing and observing in the markets. I try to make my trading decisions based on facts and observation as opposed to conjecture, fanciful thinking and uninformed opinion. I am also being as transparent and honest as I can. I have absolutely no hidden agendas I am simply trying to share my journey to becoming a full time trader. Perhaps what I am doing...
thinking outside the box