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Spoof's Trading Made Simple(r) Journal

  • #141
  • Edited 9:47pm Jul 29, 2019 9:35pm | Edited 9:47pm
Quoting TheSpoof
{quote} No problem Can I ask why your TP is set to 1:1 on the EURAUD trade?
Entered the trade when I was at work. I remote access my computer via Note Mobile. Sometimes, it is hard to set stop loss & TP. Anyway, I already changed the TP Thanks for the concern.
I am still in EurAud trade.
But, closed the UsdJpy trade at break-even as the price is not moving anywhere from last 3 candles and also you mentioned about the resistance.
Yes. I too missed the GbpAud trade. It is hard to take an early morning trade. 4 a.m candle.
  • #142
  • Jul 29, 2019 9:49pm Jul 29, 2019 9:49pm
Quoting ababias
{quote} Entered the trade when I was at work. I remote access my computer via Note Mobile. Sometimes, it is hard to set stop loss & TP. Anyway, I already changed the stop loss to 2R. Thanks for the concern. I am still in EurAud trade. But, closed the UsdJpy trade at break-even as the price is not moving anywhere from last 3 candles and also you mentioned about the resistance. Yes. I too missed the GbpAud trade. It is hard to take an early morning trade. 4 a.m candle.
Good stuff. I don’t think there is anything wrong getting out of a trade if price is meandering around. These trades, when successful, typically take off right away much like that GBPAUD trade.

Ya, a RR of 1:1 is not going to cut it long term and that 4 am candle is just going to have to go unloved for the most part. I’ll check it if I happen to get up to go to the can and it happens to be around 4 otherwise I’m sleeping through it. Five out of six candles ain’t bad
Emotion - it steals your money.
  • #143
  • Jul 30, 2019 1:50am Jul 30, 2019 1:50am
Hi all,

Does anyone has TMMS indicator in MT5 format?
Attached File(s)
File Type: mq4 smTMMS Oscillator_v1.0.mq4   6 KB | 332 downloads
  • #144
  • Jul 30, 2019 4:51am Jul 30, 2019 4:51am
https://charts.mql5.com/21/865/nzdjp...arkets-pty.png
  • #145
  • Jul 30, 2019 5:00am Jul 30, 2019 5:00am
Quoting TheSpoof
{quote} Good stuff. I don’t think there is anything wrong getting out of a trade if price is meandering around. These trades, when successful, typically take off right away much like that GBPAUD trade. Ya, a RR of 1:1 is not going to cut it long term and that 4 am candle is just going to have to go unloved for the most part. I’ll check it if I happen to get up to go to the can and it happens to be around 4 otherwise I’m sleeping through it. Five out of six candles ain’t bad

Moved the stop loss to previous three candle and 15 pips up. Currently 35 pips up.

Attached Image (click to enlarge)
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Thanks, Spoof. Lucky I was out of the trade on usd jpy at breakeven.
Yeah. Pair has already 2 continuation trade and can't except another run. It was risky to trade
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  • #146
  • Jul 30, 2019 5:09am Jul 30, 2019 5:09am
Quoting ababias
{quote} Moved the stop loss to previous three candle and 15 pips up. Currently 35 pips up. {image} Thanks, Spoof. Lucky I was out of the trade on usd jpy at breakeven. {image}
Usd/jpy Yeah stupid me followed everyone else in going long on this one. Should have done what I said I was going to do and leave it alone. Stopped out at 1R
  • #147
  • Jul 30, 2019 5:14am Jul 30, 2019 5:14am
Tempted to go into another continuation trade. But, after very good down movement Spoof do you think it is wise to enter?
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This one too not as per our trade rules. Am I right?

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  • #148
  • Jul 30, 2019 5:41am Jul 30, 2019 5:41am
Quoting ababias
Tempted to go into another continuation trade. But, after very good down movement Spoof do you think it is wise to enter? {image} This one too not as per our trade rules. Am I right? {image}
I am on the AUD/USD but EUR/USD not looking very good for long in my opinion. Daily is down. But what the hell anything can happen.
  • #149
  • Jul 30, 2019 5:58am Jul 30, 2019 5:58am
I'm always in this trade

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  • #150
  • Jul 30, 2019 6:28am Jul 30, 2019 6:28am
Hello, I'm not tech-savvy and I've been trying all afternoon to upload a chart with no success. I've been saving the picture and then trying to paste the image onto the post but nothing comes up. Can someone help? Thanks.
  • #151
  • Jul 30, 2019 6:30am Jul 30, 2019 6:30am
Quoting carmelina
Hello, I'm not tech-savvy and I've been trying all afternoon to upload a chart with no success. I've been saving the picture and then trying to paste the image onto the post but nothing comes up. Can someone help? Thanks.
I just click the printscreen button on the laptop and on the FF new post click the upload screenshot button which then asks you to push CTRL +V
  • #152
  • Jul 30, 2019 7:45am Jul 30, 2019 7:45am
Took this trade today.
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  • #153
  • Jul 30, 2019 7:49am Jul 30, 2019 7:49am
Sorry I meant this one.
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  • #154
  • Edited 9:00am Jul 30, 2019 8:02am | Edited 9:00am
Just went long on EURUSD. A tad risky since price is ranging right now, but ranges always break. 2R profit target just happens to coincide with the last support level that was broken and price often loves to retest those areas. We will see
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #155
  • Jul 30, 2019 8:04am Jul 30, 2019 8:04am
Quoting carmelina
Sorry I meant this one. {image}
Looks good. Why is your take profit not set to at least 2R? You cannot succeed in trading if you aren't getting at the bare, bare minimum 1.5R profit.
Emotion - it steals your money.
  • #156
  • Jul 30, 2019 8:05am Jul 30, 2019 8:05am
Quoting flavio1900
I'm always in this trade {image}
Nice move. What is your plan to get out? Do not let that profit disappear because you want more. At the very least lock 1-2R in.
Emotion - it steals your money.
  • #157
  • Jul 30, 2019 8:07am Jul 30, 2019 8:07am
Quoting ababias
{quote} Moved the stop loss to previous three candle and 15 pips up. Currently 35 pips up. {image} Thanks, Spoof. Lucky I was out of the trade on usd jpy at breakeven. Yeah. Pair has already 2 continuation trade and can't except another run. It was risky to trade {image}
I wouldn't have my stop trailed that tight on your EURAUD trade. I would be just a tad above break even right now. You could easily get stopped out being that tight.
Emotion - it steals your money.
  • #158
  • Edited 8:58am Jul 30, 2019 8:11am | Edited 8:58am
Quoting 40PipsAlan
{quote} I am on the AUD/USD but EUR/USD not looking very good for long in my opinion. Daily is down. But what the hell anything can happen.
LOL ya...anything can and DOES happen all the time. I am long on the EURUSD based on the signals. It would be nice to have a move at least high enough to trail the stop for a smaller loss if it fails (I prefer not to take full 1R losses if I don't have to) and then a short signal will hopefully be profitable.
Emotion - it steals your money.
  • #159
  • Edited 8:31am Jul 30, 2019 8:12am | Edited 8:31am
Quoting EstherYim
Hi all, Does anyone has TMMS indicator in MT5 format? {file}
I sent a message to the original coder and he is too busy. You could ask in one of the free coding threads if it could be modified
Emotion - it steals your money.
  • #160
  • Jul 30, 2019 8:14am Jul 30, 2019 8:14am
Quoting 40PipsAlan
{quote} Usd/jpy Yeah stupid me followed everyone else in going long on this one. Should have done what I said I was going to do and leave it alone. Stopped out at 1R
Well, there ya go. Here is a learning opportunity, folks. What did you learn? Why did you place a trade (I know why you did, but do you?) What are you NOT going to do going forward?
Emotion - it steals your money.
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