Spoof's Trading Made Simple(r) Journal | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,866 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Spoof's Trend, Level, Signal Trading Journal 109 replies

Trading Made Simple Charts Journal 2 replies

Attachments: Spoof's Trading Made Simple(r) Journal
Exit Attachments

Spoof's Trading Made Simple(r) Journal

  • #381
  • Aug 7, 2019 12:31am Aug 7, 2019 12:31am
nobody posted yet.. so.. TS method: H4 TF, 2nd red HA (not large candle) close below red Hull ma with TMMS oscillator red. UJ short.

there is a big candle to the left though... but i'm just taking the signal blindly based on the criteria that works, result is random..
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 79 KB
  • #382
  • Aug 7, 2019 12:43am Aug 7, 2019 12:43am
Quoting moRTaL
nobody posted yet.. so.. TS method: H4 TF, 2nd red HA (not large candle) close below red Hull ma with TMMS oscillator red. UJ short. there is a big candle to the left though... but i'm just taking the signal blindly based on the criteria that works, result is random.. {image}
That is my first trade using this method so not sure where it will go but the criteria were method I think. Resisted a few others because of large candle mainly on AUD and NZD because of nz rate cut
  • #383
  • Aug 7, 2019 12:58am Aug 7, 2019 12:58am
Quoting Ibar51
{quote} That is my first trade using this method so not sure where it will go but the criteria were method I think. Resisted a few others because of large candle mainly on AUD and NZD because of nz rate cut
don't worry so much whether it works for this trade or not... as long as in the long term it works.. TS is a great example.. that UJ short is my 17th trade spanning 9 trading days using TMSr, atm 4 wins, 12 losses...lol... a personal win rate of 25% but net +3.119R.. lol..
  • #384
  • Aug 7, 2019 1:09am Aug 7, 2019 1:09am
Quoting moRTaL
nobody posted yet.. so.. TS method: H4 TF, 2nd red HA (not large candle) close below red Hull ma with TMMS oscillator red. UJ short. there is a big candle to the left though... but i'm just taking the signal blindly based on the criteria that works, result is random.. {image}
Yep on that one
  • #385
  • Aug 7, 2019 1:13am Aug 7, 2019 1:13am
Quoting 40PipsAlan
{quote} Yep on that one
For this one, what is your SL point？ Thanks
  • #386
  • Aug 7, 2019 1:59am Aug 7, 2019 1:59am
Quoting chnp
{quote} For this one, what is your SL point？ Thanks
SL is at 106.508. Might be a bit tight. We will see
  • #387
  • Aug 7, 2019 2:09am Aug 7, 2019 2:09am
Quoting 40PipsAlan
{quote} SL is at 106.508. Might be a bit tight. We will see
Mine is 106.70 though about the last swing high but decide it was too great
  • #388
  • Aug 7, 2019 5:21am Aug 7, 2019 5:21am
Hi PhillipmC, I posted a link to the currency pair indicator in an earlier post.
  • #389
  • Aug 7, 2019 7:30am Aug 7, 2019 7:30am
GBPUSD and GBPJPY might be up to take in 30 min
  • #390
  • Aug 7, 2019 7:50am Aug 7, 2019 7:50am
Took long position on USDCAD and short on USDJPY, almost both trades are running risk free, now we see what market will give us.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
Click to Enlarge Name: Screenshot2.png Size: 75 KB
  • #391
  • Edited 9:05am Aug 7, 2019 8:17am | Edited 9:05am
TRADING TIPS

How to fail as a trader...learn to eliminate these from your trading:

  1. Trading too much - you don't need to take every signal on every pair. More is rarely better when it comes to trading.
  2. Trading too big - keep your risk comfortable and manageable. If you are fearful of a loss your position is likely too big.
  3. Trading randomly - consistently follow your trading plan.
  4. Trading to prove you are right - it's not about being right it's about trading well.
  5. Trading based on emotion - fear, greed, elation have no place in professional trading.
  6. Trading based on predictions - you have no idea what the market is going to do.
  7. Being stubborn - learn to accept new ideas and let go of what is clearly not working for you.
  8. Trading without a stop loss - duh.
  9. Cutting winners too soon - let the market give you all that she will give you. Big wins more than make up for small losses.
  10. Letting losing trades run - keep your losses small so that your wins will outweigh them. No, the market isn't coming back your way.

Emotion - it steals your money.
  • #392
  • Aug 7, 2019 8:19am Aug 7, 2019 8:19am
Good to see many of you embracing nice, clean simple charts If it doesn't measurably improve your trading then why is it on your chart?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_7889.jpg Size: 128 KB
Emotion - it steals your money.
  • #393
  • Aug 7, 2019 8:50am Aug 7, 2019 8:50am
So far has been a good week using this method/strategy, thanks TheSpoof for taking the time to share and teach us.
This is a trade I took this morning, let's see if the market agrees with me

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD080719.JPG Size: 178 KB
  • #394
  • Aug 7, 2019 9:06am Aug 7, 2019 9:06am
Quoting Ibar51
{quote} That is my first trade using this method so not sure where it will go but the criteria were method I think. Resisted a few others because of large candle mainly on AUD and NZD because of nz rate cut
First trade 2r return
  • #395
  • Aug 7, 2019 9:07am Aug 7, 2019 9:07am
Took this trade a few minutes ago with the risk-reward ratio tool. Let's see where it goes. It's midnight here in OZ and I can't keep my eyes open. Happy trading!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
  • #396
  • Aug 7, 2019 11:22am Aug 7, 2019 11:22am
Looks like one of those weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: FB9B494C-E166-44F1-AE8D-2B6BAE09488E.jpeg Size: 594 KB
Emotion - it steals your money.
  • #397
  • Aug 7, 2019 11:49am Aug 7, 2019 11:49am
Quoting TheSpoof
Looks like one of those weeks. {image}
Don’t believe it. Monday was rubbish but the last couple of days have been the best ever.
we will win it back for u next week.
  • #398
  • Aug 7, 2019 12:00pm Aug 7, 2019 12:00pm
Quoting 40PipsAlan
{quote} Don’t believe it. Monday was rubbish but the last couple of days have been the best ever. we will win it back for u next week.
My Monday was good
Emotion - it steals your money.
  • #399
  • Edited 2:03pm Aug 7, 2019 1:48pm | Edited 2:03pm
AUDUSD stopped out for a tiny loss. You can see this trade went to a 2R take profit very quickly. Of course I didn't grab it because I am trying to focus on letting my trades run for whatever the market dishes out for the month of August. I won't lie and say that this is not just a tad frustrating and precisely the reason my normal trading plan is to take 2R wins. Not the end of the world though a big move will be around the corner that will more than make up for this loss. Currently sitting at 2R in profit for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD+H4.png Size: 75 KB
Emotion - it steals your money.
  • #400
  • Aug 7, 2019 2:01pm Aug 7, 2019 2:01pm
Hey folks...this is a video I just made discussing stop losses. It's not necessarily an exact science and is something you really need to give careful thought to.

Inserted Video
Emotion - it steals your money.
0 traders viewing now