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Spoof's Trading Made Simple(r) Journal

  • #101
  • Jul 28, 2019 9:54am Jul 28, 2019 9:54am
Quoting Mercennary
{quote} Already did my friend
Same here. Full time trading is the objective.
  • #102
  • Jul 28, 2019 12:23pm Jul 28, 2019 12:23pm
Here is a quick little read before the trading week gets underway:

http://tradingcomposure.com/become-consistent-trader/
Emotion - it steals your money.
  • #103
  • Jul 28, 2019 1:23pm Jul 28, 2019 1:23pm
Quoting handysniper
Thank you very much for this great content. It would be very clear if you make an video showing when to enter the trades using the MT4 History ..I mean play the old charts fast and show when the conditioned met and when to enter and when to exit.
Here is a video sharing my trades for the last three weeks on the AUDUSD. I talk about my thoughts behind the entries, stop loss and trailing the stops.

Inserted Video
Emotion - it steals your money.
  • #104
  • Jul 28, 2019 2:13pm Jul 28, 2019 2:13pm
Quoting TheSpoof
{quote} Here is a video sharing my trades for the last three weeks on the AUDUSD. I talk about my thoughts behind the entries, stop loss and trailing the stops. https://youtu.be/M54U8vkN2wQ
Thank you,Learned a lot..!
  • #105
  • Jul 28, 2019 3:54pm Jul 28, 2019 3:54pm
Thank you TheSpoof for sharing!
What about the week from the 15th to 19th of July? I see many losses right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 134 KB
Trade Safe !
  • #106
  • Jul 28, 2019 3:57pm Jul 28, 2019 3:57pm
Quoting Goodgame42
Thank you TheSpoof for sharing! What about the week from the 15th to 19th of July? I see many losses right? {image}
CAD is a killer, steer clear is my advice
  • #107
  • Edited 4:08pm Jul 28, 2019 3:57pm | Edited 4:08pm
Quoting Goodgame42
Thank you TheSpoof for sharing! What about the week from the 15th to 19th of July? I see many losses right? {image}
Nasty, nasty price action - untradable with these methods and exactly what you want to stay away from. I do not trade USDCAD. I’ve never had any luck with it and I currently don't trade any CAD pairs.
Emotion - it steals your money.
  • #108
  • Edited 4:29pm Jul 28, 2019 4:08pm | Edited 4:29pm
Alright guys, the last trading week of July is on. I have decided to stop using the 5 period EMA going forward and this video explains how I came to that conclusion. There may be further changes in the future as I better understand what is going on and how these indicators help my trading. The core of how I am trading doesn't change and that is taking trades based on momentum as shown by the smTMMS oscillator. Trade well this week guys. I am currently flat in the market. GBPAUD is on my radar over the next couple candles. Each day I check five of the six daily four hour candles so I'll look twice tonight and then again at the NY open.

I hope you are getting something out of these videos as I believe they are more informative than just a still image and words, no? I try to give a frank and honest discussion about my thoughts and reasons for doing what I do.

Inserted Video
Emotion - it steals your money.
  • #109
  • Jul 29, 2019 1:16am Jul 29, 2019 1:16am
Thank you so much "the Spoof". I'm slowly but surely learning how to catch those trades.
  • #110
  • Jul 29, 2019 1:27am Jul 29, 2019 1:27am
Quoting TheSpoof
Alright guys, the last trading week of July is on. I have decided to stop using the 5 period EMA going forward and this video explains how I came to that conclusion. There may be further changes in the future as I better understand what is going on and how these indicators help my trading. The core of how I am trading doesn't change and that is taking trades based on momentum as shown by the smTMMS oscillator. Trade well this week guys. I am currently flat in the market. GBPAUD is on my radar over the next couple candles. Each day I check five of...

Thanks for the awesome videos Spoof really well done...
  • #111
  • Jul 29, 2019 1:45am Jul 29, 2019 1:45am
I wonder why I don't have GBD/ AUD in my MetaTrader 4 platform. I'm from Australia. Would there be a reason for that?
  • #112
  • Jul 29, 2019 1:49am Jul 29, 2019 1:49am
Quoting carmelina
I wonder why I don't have GBD/ AUD in my MetaTrader 4 platform. I'm from Australia. Would there be a reason for that?
Go to the top of the terminal and click on View -> Market Watch then when it opens right click on any of the currency pairs in there and select Show All that will bring up all available.
Success means going from failure to failure without loss of enthusiasm
  • #113
  • Jul 29, 2019 1:53am Jul 29, 2019 1:53am
Thanks Mclain for starting your journal. i'm subscribed.
Good Luck
  • #114
  • Jul 29, 2019 2:03am Jul 29, 2019 2:03am
Thanks, Lisat. All good.
  • #115
  • Edited 8:18am Jul 29, 2019 8:06am | Edited 8:18am
Looks like I missed this trade I was waiting for on GBPAUD - it's exactly what I was waiting for but I don't catch the close of the midnight candle that occurs at 4am for me. Sleeping will do that sometimes! I am not going to enter now...that's just chasing after price and is a behaviour that rarely ends in the trader's favour. Patience. Sit this one out and wait. I am still flat in the market and will just wait for some set ups. There were a few big moves last week so we can likely expect some consolidations or even a direct reversal of moves (like exactly what is happening on the GBPAUD below) - happens all the time and we don't ever know for certainty which it will be

Carmelina, were you able to sort out your chart and catch this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD+H4.png Size: 73 KB
Emotion - it steals your money.
  • #116
  • Jul 29, 2019 8:29am Jul 29, 2019 8:29am
Yes, I did actually, but I didn't let it run to the 2R. I'm still having issues with placing stop losses and take profits. I'm not trading a real account yet, only demo. I'll have to look into that tool that you use for money management.
I keep on making mistakes whilst placing the trades. I have to practise some more. I also have to learn how to make screenshots so that I can post them.
Thanks, so much for being so transparent with the way you trade. I think I'm getting the hang of it.
  • #117
  • Edited 10:35am Jul 29, 2019 8:32am | Edited 10:35am
I have my I on USOUSD. Price was in a range all last week (caused me two losses) so we can expect that range to break eventually. This week maybe I will be looking at this candle closely at the close for a possible trade set up and hopefully a nice, quick breakout move for 2R. Price is slowly making higher lows so this may be the beginning of an upward move.
Attached Image (click to enlarge)
Click to Enlarge Name: USOUSDH4.png Size: 72 KB
Emotion - it steals your money.
  • #118
  • Jul 29, 2019 8:35am Jul 29, 2019 8:35am
Quoting carmelina
Yes, I did actually, but I didn't let it run to the 2R. I'm still having issues with placing stop losses and take profits. I'm not trading a real account yet, only demo. I'll have to look into that tool that you use for money management. I keep on making mistakes whilst placing the trades. I have to practise some more. I also have to learn how to make screenshots so that I can post them. Thanks, so much for being so transparent with the way you trade. I think I'm getting the hang of it.
OK Baby steps. Let me know where you are struggling. That chart I posted is exactly where I would have place my stop and as of this post would be moved to just a little over break even. You can make a screen shot of your chart by going to the file menu and then clicking on "save as picture".
Emotion - it steals your money.
  • #119
  • Jul 29, 2019 8:39am Jul 29, 2019 8:39am
Continuation trade on USDJPY, Anyone in this one with me?
thinking outside the box
  • #120
  • Edited 8:55am Jul 29, 2019 8:42am | Edited 8:55am
Quoting Mercennary
Continuation trade on USDJPY, Anyone in this one with me?
I'm sitting this out. Price is at a very strong resistance area at the moment. If it breaks and retests I will be looking for long signals at that point. For me, I am inclined to wait for a short signal. Who knows at the end of the day
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY+H4.png Size: 106 KB
Emotion - it steals your money.
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