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Spoof's Trading Made Simple(r) Journal

  • #361
  • Aug 6, 2019 12:38pm Aug 6, 2019 12:38pm
Quoting marcara
Thanks Spoof for your posts! USDCAD H4 long but I am not sure; maybe I'll wait for a retracement
Be careful of USDCAD...it's a nasty pair IMO
Emotion - it steals your money.
  • #362
  • Aug 6, 2019 12:45pm Aug 6, 2019 12:45pm
Quoting TheSpoof
{quote} Be careful of USDCAD...it's a nasty pair IMO
am on it. Spoof is right about CAD tho.
  • #363
  • Aug 6, 2019 1:02pm Aug 6, 2019 1:02pm
Quoting marcara
Thanks Spoof for your posts! USDCAD H4 long but I am not sure; maybe I'll wait for a retracement
Retracment already happened, should be good till the green line.
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  • #364
  • Aug 6, 2019 3:07pm Aug 6, 2019 3:07pm
Quoting Fck9to5
{quote} Retracment already happened, should be good till the green line. {image}
I am referring to wait for a retracement to the 50% of the previous H4 candle, so at 1,3258 long, bcause both previous candles are big green ones.
  • #365
  • Aug 6, 2019 3:33pm Aug 6, 2019 3:33pm
EURUSD H4 continuation trade on close
  • #366
  • Edited 4:20pm Aug 6, 2019 4:07pm | Edited 4:20pm
Quoting marcara
EURUSD H4 continuation trade on close
Were you waiting for a set up to materialize? There is no continuation trade signal here
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #367
  • Aug 6, 2019 4:11pm Aug 6, 2019 4:11pm
Quoting TheSpoof
{quote} Where you waiting for a set up to materialize? There is no continuation trade signal here {image}
You are right maybe next candle, One stochastic is not above 50

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  • #368
  • Aug 6, 2019 4:15pm Aug 6, 2019 4:15pm
Quoting carmelina
Took this trade. Let's see what happens. {image}
Hi guys does anyone know what indicator Camilina is using.. it has five different pairs on her chart it looks nice and simple.. would like to give it a go..
  • #369
  • Aug 6, 2019 4:41pm Aug 6, 2019 4:41pm
My current positions are long GBPUSD (different entry method...don't ask ) and short AUDUSD. I have my eye on AUDJPY as well. Hopefully these babies break out of the ranges they've been in and I can catch some good moves for the rest of the week I am curious to see if that downward move on AUDUSD has any oomph left in it and this current consolidation is just a breather before more downside. Time will tell.
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #370
  • Aug 6, 2019 6:26pm Aug 6, 2019 6:26pm
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.
Here ya go, carmelina...I hope it helps a bit.

Inserted Video
Emotion - it steals your money.
  • #371
  • Aug 6, 2019 6:28pm Aug 6, 2019 6:28pm
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  • #372
  • Aug 6, 2019 6:32pm Aug 6, 2019 6:32pm
I got stopped out of the GBD?USD trade while I was asleep. What I noticed was that the oscillator repainted. There were two green bars when I entered and then they turned grey.
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  • #373
  • Edited 8:18pm Aug 6, 2019 6:38pm | Edited 8:18pm
Quoting carmelina
I got stopped out of the GBD?USD trade while I was asleep. What I noticed was that the oscillator repainted. There were two green bars when I entered and then they turned grey. {image}
No...the oscillator didn't repaint. The second green bar that was showing after your entry hadn't closed yet. When that candle closed then the oscillator turned from the green you saw to the grey and the HA candle closed red.

Also, your stop was too tight on that trade. Price is in a range right now so you would have been better to use the SAR for your stop loss in this case or the low of the range. It is risky placing a trade in ranging conditions. I am still in this trade with my stop trailing with the SAR.
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Emotion - it steals your money.
  • #374
  • Edited 7:42pm Aug 6, 2019 7:28pm | Edited 7:42pm
Hi TS really like the method a bit like yourself have been trading live for 6 yrs have bought all sorts of indicators eas , lessons mentors etc and last March came to realize that all systems work and that it was me that was the problem. Since the 18 of march I have been profitable most months still have a large DD on a couple of gbp have been allocating a % of winning trades to reduce it. I started been more disciplined and looking to simplify my charts not sure how I stumbled on your method but have read all posts and have set up charts I will leave hma fora while but I agree with you it does not add much to the decision making.
For me closing losing trades has always been a problem so I am determined to stick to a Stop loss.
  • #375
  • Aug 6, 2019 7:42pm Aug 6, 2019 7:42pm
Here's an update of a trade I took at the beginning of this week, almost hit the TP.

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  • #376
  • Aug 6, 2019 7:43pm Aug 6, 2019 7:43pm
Stopped out on this trade at break even.
I should have not moved to break even. I was almost 1R so moved to break even but eventually, the price took me out.

Spoof what is the setting of PSAR?

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  • #377
  • Aug 6, 2019 8:11pm Aug 6, 2019 8:11pm
Quoting ababias
Stopped out on this trade at break even. I should have not moved to break even. I was almost 1R so moved to break even but eventually, the price took me out. Spoof what is the setting of PSAR? {image}
Everything is in Post #1
Emotion - it steals your money.
  • #378
  • Aug 6, 2019 8:33pm Aug 6, 2019 8:33pm
Quoting TheSpoof
{quote} Were you waiting for a set up to materialize? There is no continuation trade signal here {image}
This becomes a reentry on Green histogram value, correct?
  • #379
  • Aug 6, 2019 8:36pm Aug 6, 2019 8:36pm
Quoting jado911
{quote} This becomes a reentry on Green histogram value, correct?
Re-entry when all trade conditions are met.
Emotion - it steals your money.
  • #380
  • Aug 6, 2019 11:47pm Aug 6, 2019 11:47pm
Had these Level 1 Entry trades over night........



Happy Trading,
Yomi
Attached Image(s) (click to enlarge)
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Time always comes before price
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