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Spoof's Trading Made Simple(r) Journal

  • #241
  • Aug 1, 2019 8:02am Aug 1, 2019 8:02am
Quoting TheSpoof
Can't win 'em all At least it was a quick one...I don't care for the long drawn out losses {image}
Yah, got me on that one as well. Quite a few going pear shaped the last couple of days.
  • #242
  • Aug 1, 2019 8:02am Aug 1, 2019 8:02am
Quoting binnie
Hey there TS - whats your opinion on " so-called RED NEWS days ". Obviously they can spike to extremes and it is definitely unwise to trade during these events. But seeing as we are likely to be in trades on the H4 ( GA ) - do you have thoughts on safeguarding a position you are already in? Example - in 12hrs there is serious stuff coming from UK. My 1st thought will be to check my position just before news releases & perhaps move a stop to lock in some profit - what do you think & do ? cheers
No, I don't look at the news. I think news events can go against you as often as they can work for you. Your choice if you want to consider news announcements and how you manage you open trades.
Emotion - it steals your money.
  • #243
  • Aug 1, 2019 8:06am Aug 1, 2019 8:06am
Quoting handysniper
Mclainds after these lessons ..I like to know your workout plan too ....trying to get into shape ...
I train only with calisthenics and currently follow a program called Body by Rings and Limitless Legs.
https://bodybyrings.com/
https://limitlesslegs.com/
Anyone interested in following my fitness life you can find me on IG @mclainds
Emotion - it steals your money.
  • #244
  • Aug 1, 2019 8:07am Aug 1, 2019 8:07am
Quoting SwingMan
{quote} In "Trading Made More Simpler" I have posted a MT5 version, many pips with it! https://www.forexfactory.com/showthr...1#post12415711 {file}
Many thanks for this, SwingMan
Emotion - it steals your money.
  • #245
  • Aug 1, 2019 8:10am Aug 1, 2019 8:10am
Quoting TheSpoof
Can't win 'em all At least it was a quick one...I don't care for the long drawn out losses {image}
I went with GBPJPY
To free Gazans of Hamas, use whatever it takes.
  • #246
  • Aug 1, 2019 8:11am Aug 1, 2019 8:11am
Quoting 40PipsAlan
{quote} Yah, got me on that one as well. Quite a few going pear shaped the last couple of days.
We'll get it back..don't worry.
Emotion - it steals your money.
  • #247
  • Aug 1, 2019 8:15am Aug 1, 2019 8:15am
Quoting DrDave
{quote} I went with GBPJPY
Yeah me too. Looking good now
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  • #248
  • Edited 8:33am Aug 1, 2019 8:18am | Edited 8:33am
Quoting 40PipsAlan
{quote} Yeah me too. Looking good now {image}
For sure. My entry bar has gone down about 80 pips from its open.
(I also harvest pips on smaller timeframes if I am at the computer. Grabbed 40 pips from H1 entries about 3 hours ago.)
To free Gazans of Hamas, use whatever it takes.
  • #249
  • Aug 1, 2019 8:30am Aug 1, 2019 8:30am
Quoting SwingMan
{quote} In "Trading Made More Simpler" I have posted a MT5 version, many pips with it! https://www.forexfactory.com/showthr...1#post12415711 {file}
You are a lifesaver, SwingMan! God bless
  • #250
  • Aug 1, 2019 8:46am Aug 1, 2019 8:46am
SOME READING

Here is a nice read for you guys that have suffered a loss or two (or more!) as of late. Let's keep things in perspective here. Losses are absolutely going to happen and we don't know when they will happen. Let's just make sure our losses aren't necessarily our fault. The market is a wild beast and it will do what it will do, but we as traders can control the part we often play in our losses.

https://smartstockcharts.com/10-ways...rading-losses/
Attached Image
Emotion - it steals your money.
  • #251
  • Aug 1, 2019 8:54am Aug 1, 2019 8:54am
Took CADJPY trade due to JPY being strong today
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  • #252
  • Aug 1, 2019 12:51pm Aug 1, 2019 12:51pm
Quoting DrDave
{quote} For sure. My entry bar has gone down about 80 pips from its open. (I also harvest pips on smaller timeframes if I am at the computer. Grabbed 40 pips from H1 entries about 3 hours ago.)
Yeah baby. Got my Yatcht on order now.
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  • #253
  • Aug 1, 2019 1:36pm Aug 1, 2019 1:36pm
Quoting 40PipsAlan
{quote} Yeah baby. Got my Yatcht on order now. {image}
For sure!

Now go check EURUSD. I' m not at the screen, but last I checked , H1 (and H2) already left the launch pad, and H4 was setting up.
To free Gazans of Hamas, use whatever it takes.
  • #254
  • Aug 1, 2019 1:47pm Aug 1, 2019 1:47pm
Quoting DrDave
{quote} For sure! Now go check EURUSD. I' m not at the screen, but last I checked , H1 (and H2) already left the launch pad, and H4 was setting up.
Ah but the daily is still down. Might be just a retrace and continue down again. Gonna need a green on the TMMS to confirm
  • #255
  • Aug 1, 2019 2:42pm Aug 1, 2019 2:42pm
Quoting 40PipsAlan
{quote} Ah but the daily is still down. Might be just a retrace and continue down again. Gonna need a green on the TMMS to confirm
Exactly! Even though Spoof uses only the H4, I'm a firm believer in and user of charts on both sides of it. Huge aid in determining failed moves.
To free Gazans of Hamas, use whatever it takes.
  • #256
  • Aug 1, 2019 3:15pm Aug 1, 2019 3:15pm
Quoting DrDave
{quote} Exactly! Even though Spoof uses only the H4, I'm a firm believer in and user of charts on both sides of it. Huge aid in determining failed moves.
Hey Dr.Dave...if checking other time frames works for you then that's awesome keep on keepin' on. I appreciate you posting, but please refrain from talking about it here. Checking lower time frames is not required to be profitable and it just adds an unnecessary step and chart checking - this is trading made simpler. I don't want to confuse traders with any more information than necessary or have them feel they need to be checking charts and making decisions based on multiple time frames as it is simply not required to trade this system profitably. Again, we are trading swings on the four hour charts that make up the daily price action and trades can last from 1-3 days. An hourly chart is absolutely peanuts to those time frames and you will have many, many conflicting trading signals on the one hour charts over the course of a three day or even a week long swing.
Emotion - it steals your money.
  • #257
  • Aug 1, 2019 3:22pm Aug 1, 2019 3:22pm
Well, that was a quick profit on USOSUD August is getting off to a rocky start for me. I have lost three trades and won one. So I am currently down precisely 1R. Some crazy big moves happening on the charts right now. I am going to sit out for the rest of the week methinks. The battle goes on.
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Emotion - it steals your money.
  • #258
  • Aug 1, 2019 4:05pm Aug 1, 2019 4:05pm
Quoting TheSpoof
Well, that was a quick profit on USOSUD August is getting off to a rocky start for me. I have lost three trades and won one. So I am currently down precisely 1R. Some crazy big moves happening on the charts right now. I am going to sit out for the rest of the week methinks. The battle goes on. {image}
awesome, the best part with using 2:1 ratio is how fast it recovers and also allowing a stress free margin for error, you've tried smaller time frames and scalping methodologies, I did it too, oh boy, having to maintain a hitrate of 65% to keep your head above water is rly not the way to conquer freedom.

keep the good work

regards
thinking outside the box
  • #259
  • Aug 1, 2019 4:18pm Aug 1, 2019 4:18pm
Closed GBP/JPY with +131 pips in the bag. Thats another 2R for this fantastic system.
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  • #260
  • Aug 1, 2019 4:28pm Aug 1, 2019 4:28pm
Quoting 40PipsAlan
Closed GBP/JPY with +131 pips in the bag. Thats another 2R for this fantastic system. {image}
exciting stuff Alan - that entry would have been 1am my time (beauty sleep def required). Heaps of swings at the moment - every time someone opens their mouth, market gets jitters. Looking at NU for poss continuation in 3.5hrs . Good thread this one. The signal is there or it isn't. No analysis needed.
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