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Spoof's Trading Made Simple(r) Journal

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  • Post #341
  • Quote
  • Aug 6, 2019 5:35am Aug 6, 2019 5:35am
  •  fxrabbi
  • Joined Aug 2010 | Status: EsikeTrader | 2,220 Posts
Quoting Ivanyo
Disliked
GBPUSD anyone? {image}
Ignored
Same here.....
Be Dumb and Follow Price
 
2
  • Post #342
  • Quote
  • Aug 6, 2019 5:38am Aug 6, 2019 5:38am
  •  martbac
  • | Joined Jun 2019 | Status: Member | 37 Posts
Quoting Ivanyo
Disliked
GBPUSD anyone? {image}
Ignored
Yes
 
1
  • Post #343
  • Quote
  • Aug 6, 2019 5:56am Aug 6, 2019 5:56am
  •  40PipsAlan
  • Joined Apr 2019 | Status: Member | 1,414 Posts
Quoting TheSpoof
Disliked
Quick video, guys, talking about the randomness of wins and losses. https://youtu.be/reTJnGVSXbQ
Ignored
Good video Spoof, microlots is my answer until I am confident in the system and can move up from there.
 
3
  • Post #344
  • Quote
  • Aug 6, 2019 8:51am Aug 6, 2019 8:51am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting Ivanyo
Disliked
GBPUSD anyone? {image}
Ignored
That range is going to break eventually and when it does the moves are usually nice and strong.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #345
  • Quote
  • Aug 6, 2019 8:53am Aug 6, 2019 8:53am
  •  40PipsAlan
  • Joined Apr 2019 | Status: Member | 1,414 Posts
Quoting TheSpoof
Disliked
{quote} That range is going to break eventually and when it does the moves are usually nice and strong.
Ignored
Moved my stop to breakeven and got kicked out. microwin I would call that.
 
 
  • Post #346
  • Quote
  • Aug 6, 2019 8:55am Aug 6, 2019 8:55am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting 40PipsAlan
Disliked
{quote} I agree, not a good start to the week.
Ignored
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.
Swift Trade All Time Return: 7.8%
 
4
  • Post #347
  • Quote
  • Aug 6, 2019 9:27am Aug 6, 2019 9:27am
  •  kofix11
  • | Joined Dec 2011 | Status: Member | 746 Posts
Quoting TheSpoof
Disliked
{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...
Ignored
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!
 
1
  • Post #348
  • Quote
  • Aug 6, 2019 9:43am Aug 6, 2019 9:43am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting kofix11
Disliked
{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!
Ignored
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.
Swift Trade All Time Return: 7.8%
 
2
  • Post #349
  • Quote
  • Aug 6, 2019 10:05am Aug 6, 2019 10:05am
  •  MyProfit
  • | Joined Jan 2018 | Status: Member | 237 Posts
Quote
Disliked
Quoting Ivanyo
Quote
Disliked
GBPUSD anyone? {image}
Yes
No, barely can reach 1R, a risk.....
"Great Men are not born great, They Grow Great."
 
 
  • Post #350
  • Quote
  • Aug 6, 2019 10:28am Aug 6, 2019 10:28am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting MyProfit
Disliked
{quote}{quote} No, barely can reach 1R, a risk.....
Ignored
What doesn稚 that mean? How do you know what price is going to do over the next week?
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
1
  • Post #351
  • Quote
  • Aug 6, 2019 10:33am Aug 6, 2019 10:33am
  •  carmelina
  • | Joined May 2019 | Status: Member | 76 Posts
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.
 
 
  • Post #352
  • Quote
  • Aug 6, 2019 10:34am Aug 6, 2019 10:34am
  •  MyProfit
  • | Joined Jan 2018 | Status: Member | 237 Posts
Quote
Disliked
Quoting MyProfit
Quote
Disliked
{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."
 
1
  • Post #353
  • Quote
  • Aug 6, 2019 10:37am Aug 6, 2019 10:37am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting carmelina
Disliked
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.
Ignored
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.
Swift Trade All Time Return: 7.8%
 
3
  • Post #354
  • Quote
  • Aug 6, 2019 10:43am Aug 6, 2019 10:43am
  •  carmelina
  • | Joined May 2019 | Status: Member | 76 Posts
Took this trade. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge

Name: Screenshot1.png
Size: 133 KB
 
 
  • Post #355
  • Quote
  • Aug 6, 2019 11:35am Aug 6, 2019 11:35am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting carmelina
Disliked
Took this trade. Let's see what happens. {image}
Ignored
Get that take profit moved up at 2R
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #356
  • Quote
  • Aug 6, 2019 12:01pm Aug 6, 2019 12:01pm
  •  chnp
  • | Joined Mar 2017 | Status: Member | 148 Posts
Quoting TheSpoof
Disliked
{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
Ignored
Hi, can you tell me the risk-reward ratio tool's name and where I can purchase it? Thanks.
 
 
  • Post #357
  • Quote
  • Aug 6, 2019 12:12pm Aug 6, 2019 12:12pm
  •  40PipsAlan
  • Joined Apr 2019 | Status: Member | 1,414 Posts
Quoting chnp
Disliked
{quote} Hi, can you tell me the risk-reward ratio tool's name and where I can purchase it? Thanks.
Ignored
https://www.riskrewardratio.club/ I believe
 
1
  • Post #358
  • Quote
  • Aug 6, 2019 12:27pm Aug 6, 2019 12:27pm
  •  chnp
  • | Joined Mar 2017 | Status: Member | 148 Posts
Quoting 40PipsAlan
Disliked
{quote} https://www.riskrewardratio.club/ I believe
Ignored
Thanks!
 
 
  • Post #359
  • Quote
  • Aug 6, 2019 12:31pm Aug 6, 2019 12:31pm
  •  fxrabbi
  • Joined Aug 2010 | Status: EsikeTrader | 2,220 Posts
Quoting TheSpoof
Disliked
{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.
Ignored
True talk.......
Be Dumb and Follow Price
 
1
  • Post #360
  • Quote
  • Aug 6, 2019 1:18pm Aug 6, 2019 1:18pm
  •  marcara
  • | Joined Jun 2019 | Status: Member | 84 Posts
Thanks Spoof for your posts!

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