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Spoof's Trading Made Simple(r) Journal

  • #341
  • Aug 6, 2019 4:35am Aug 6, 2019 4:35am
Quoting Ivanyo
GBPUSD anyone? {image}
Same here.....
Time always comes before price
  • #342
  • Aug 6, 2019 4:38am Aug 6, 2019 4:38am
Quoting Ivanyo
GBPUSD anyone? {image}
Yes
  • #343
  • Aug 6, 2019 4:56am Aug 6, 2019 4:56am
Quoting TheSpoof
Quick video, guys, talking about the randomness of wins and losses. https://youtu.be/reTJnGVSXbQ
Good video Spoof, microlots is my answer until I am confident in the system and can move up from there.
  • #344
  • Aug 6, 2019 7:51am Aug 6, 2019 7:51am
Quoting Ivanyo
GBPUSD anyone? {image}
That range is going to break eventually and when it does the moves are usually nice and strong.
Emotion - it steals your money.
  • #345
  • Aug 6, 2019 7:53am Aug 6, 2019 7:53am
Quoting TheSpoof
{quote} That range is going to break eventually and when it does the moves are usually nice and strong.
Moved my stop to breakeven and got kicked out. microwin I would call that.
  • #346
  • Aug 6, 2019 7:55am Aug 6, 2019 7:55am
Quoting 40PipsAlan
{quote} I agree, not a good start to the week.
Isn't trading a funny thing. I am up 3R in profit for the week so far. Even though we are trading the same methods it really comes down to the pairs we catch and the signals we decide to take or not take. I missed the Yen moves last week because I only had USDJPY up and didn't take the signal because I thought the candle was too big. Well, look what my thinking got me. That move at the end of the week went to 4R. Now, I didn't lose any money so that is good, but I missed a profitable trade

My EURUSD trade was stopped out for a 3R profit. Big fast moves up like that tend to turn around quick so I am glad to be out with 3R on that move.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD+H4.png Size: 74 KB
Emotion - it steals your money.
  • #347
  • Aug 6, 2019 8:27am Aug 6, 2019 8:27am
Quoting TheSpoof
{quote} Isn't trading a funny thing. I am up 3R in profit for the week so far. Even though we are trading the same methods it really comes down to the pairs we catch and the signals we decide to take or not take. I missed the Yen moves last week because I only had USDJPY up and didn't take the signal because I thought the candle was too big. Well, look what my thinking got me. That move at the end of the week went to 4R. Now, I didn't lose any money so that is good, but I missed a profitable trade My EURUSD trade was stopped out...
Yes, that痴 funny about trading. What works for you might not work out for me. But I love to hear and see your method of trading. It is definitely the part of having home runs more than R1:1 and this is discretionary. I知 still learning. I wish you lots of good results!
  • #348
  • Aug 6, 2019 8:43am Aug 6, 2019 8:43am
Quoting kofix11
{quote} Yes, that痴 funny about trading. What works for you might not work out for me. But I love to hear and see your method of trading. It is definitely the part of having home runs more than R1:1 and this is discretionary. I知 still learning. I wish you lots of good results!
Systems can be applied in a discretionary manner for sure which can result in performance variations. What does work for everyone and is the backbone of successful trading is discipline, patience, sound money management, and consistency. These are the things that most traders pay absolutely zero attention to. These are the things that ALL consistently profitable traders put the majority of their effort into - systems are at the bottom of the pile and are a dime a dozen.
Emotion - it steals your money.
  • #349
  • Aug 6, 2019 9:05am Aug 6, 2019 9:05am
Quote
Quoting Ivanyo
Quote
GBPUSD anyone? {image}
Yes
No, barely can reach 1R, a risk.....
"Great Men are not born great, They Grow Great."
  • #350
  • Aug 6, 2019 9:28am Aug 6, 2019 9:28am
Quoting MyProfit
{quote}{quote} No, barely can reach 1R, a risk.....
What doesn稚 that mean? How do you know what price is going to do over the next week?
Emotion - it steals your money.
  • #351
  • Aug 6, 2019 9:33am Aug 6, 2019 9:33am
Hi, TS, I've just purchased "The risk reward ratio" tool. Would you have the time to do a short video on how to use it, I've read the pdf and watched the video but I'm still confused. If it takes too much of your time, I perfectly understand.
  • #352
  • Aug 6, 2019 9:34am Aug 6, 2019 9:34am
Quote
Quoting MyProfit
Quote
{quote}{quote} No, barely can reach 1R, a risk.....
What doesn’t that mean? How do you know what price is going to do over the next week?

Ivanyo was asking... and to me the "probability" that the price will reach a certain level is null, just my though, lets wait and see....
"Great Men are not born great, They Grow Great."
  • #353
  • Aug 6, 2019 9:37am Aug 6, 2019 9:37am
Quoting carmelina
Hi, TS, I've just purchased "The risk reward ratio" tool. Would you have the time to do a short video on how to use it, I've read the pdf and watched the video but I'm still confused. If it takes too much of your time, I perfectly understand.
I have lots of time...I知 a swing trader I知 just uploading a video now so give me a few hours and I値l do one up for you
Emotion - it steals your money.
  • #354
  • Aug 6, 2019 9:43am Aug 6, 2019 9:43am
Took this trade. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 133 KB
  • #355
  • Aug 6, 2019 10:35am Aug 6, 2019 10:35am
Quoting carmelina
Took this trade. Let's see what happens. {image}
Get that take profit moved up at 2R
Emotion - it steals your money.
  • #356
  • Aug 6, 2019 11:01am Aug 6, 2019 11:01am
Quoting TheSpoof
{quote} I have lots of time...I知 a swing trader I知 just uploading a video now so give me a few hours and I値l do one up for you
Hi, can you tell me the risk-reward ratio tool's name and where I can purchase it? Thanks.
  • #357
  • Aug 6, 2019 11:12am Aug 6, 2019 11:12am
Quoting chnp
{quote} Hi, can you tell me the risk-reward ratio tool's name and where I can purchase it? Thanks.
https://www.riskrewardratio.club/ I believe
  • #358
  • Aug 6, 2019 11:27am Aug 6, 2019 11:27am
Quoting 40PipsAlan
{quote} https://www.riskrewardratio.club/ I believe
Thanks!
  • #359
  • Aug 6, 2019 11:31am Aug 6, 2019 11:31am
Quoting TheSpoof
{quote} Systems can be applied in a discretionary manner for sure which can result in performance variations. What does work for everyone and is the backbone of successful trading is discipline, patience, sound money management, and consistency. These are the things that most traders pay absolutely zero attention to. These are the things that ALL consistently profitable traders put the majority of their effort into - systems are at the bottom of the pile and are a dime a dozen.
True talk.......
Time always comes before price
  • #360
  • Aug 6, 2019 12:18pm Aug 6, 2019 12:18pm
Thanks Spoof for your posts!

USDCAD H4 long but I am not sure; maybe I'll wait for a retracement
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