Spoof's Trading Made Simple(r) Journal | Page 27 | Forex Factory

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  • #521
  • Aug 12, 2019 4:26pm Aug 12, 2019 4:26pm
Quoting mtacki
{quote} would you mind sharing your entries for those trades with us !? by looking at it - wasn't the entry a bit late due to the TMMS Osci lagging behind ? Just curious...

Can you explain what you mean by lagging? On the close of the candle, all three components of the indicator are above or below zero to produce a colored bar. Pretty cut and dry if you ask me.

B
  • #522
  • Aug 12, 2019 4:33pm Aug 12, 2019 4:33pm
Quoting Bleemus
{quote} Can you explain what you mean by lagging? On the close of the candle, all three components of the indicator are above or below zero to produce a colored bar. Pretty cut and dry if you ask me. B
What I mean is that the TMMS turned >0 like 3 or 4 candles after the HA crossed the HMA line-
at least as far as I remember since I don’t have the Chart in front of me right now
  • #523
  • Aug 12, 2019 4:37pm Aug 12, 2019 4:37pm
Quoting mtacki
{quote} What I mean is that the TMMS turned >0 like 3 or 4 candles after the HA crossed the HMA line- at least as far as I remember since I don’t have the Chart in front of me right now
Your forgetting the other three components that show momentum is on our side and that is why we wait for red or green in the oscillator.

B
  • #524
  • Aug 12, 2019 4:40pm Aug 12, 2019 4:40pm
Quoting Bleemus
{quote} Your forgetting the other three components that show momentum is on our side and that is why we wait for red or green in the oscillator. B
So you mean one could enter the trade before the TMMS crossed the 0 and changed color ?
I thought we should always wait for that to happen
  • #525
  • Aug 12, 2019 4:44pm Aug 12, 2019 4:44pm
Anyone in the AUDJPY short should watch their stop closely to protect capital as we could be in a range right now with price coming back against us.
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #526
  • Aug 12, 2019 4:46pm Aug 12, 2019 4:46pm
Quoting mtacki
{quote} So you mean one could enter the trade before the TMMS crossed the 0 and changed color ? I thought we should always wait for that to happen
The smTMMS oscillator was red when I entered. See the post above.
Emotion - it steals your money.
  • #527
  • Aug 12, 2019 4:54pm Aug 12, 2019 4:54pm
Watch the EURUSD guys! We are going to get a break of this range but it could be a false break or a huge move. Risky business here with these conditions. If you are hellbent on trading this, I would wait for a break of the range, then a retest of the broken level and then a confirmation that price will continue with the break direction via the system rules.
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #528
  • Aug 12, 2019 5:07pm Aug 12, 2019 5:07pm
Quoting TheSpoof
{quote} Closed manually or trailing stop?
Closed manually sir. Experimenting with Cavemanager but haven't quite dialed in all the settings yet.
  • #529
  • Aug 12, 2019 5:42pm Aug 12, 2019 5:42pm
Eur/Aud not sure if this one is going to get to 2 R which is close to the last swing high have moved SL from BE to .5R . Also last 3 candles very small.
  • #530
  • Aug 12, 2019 8:51pm Aug 12, 2019 8:51pm
I'm still in this trade. I lowered my stop loss when the price had reached $90+. It seems to be going in the wrong direction now but the oscillator hasn't changed colour yet. Let's see.
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  • #531
  • Aug 12, 2019 8:55pm Aug 12, 2019 8:55pm
Quoting carmelina
I'm still in this trade. I lowered my stop loss when the price had reached $90+. It seems to be going in the wrong direction now but the oscillator hasn't changed colour yet. Let's see. {image}
I closed out for a small profit. Price is stalling so I’ll get back in on a continuation signal rather than potentially take a loss if price goes up.
Emotion - it steals your money.
  • #532
  • Aug 12, 2019 8:55pm Aug 12, 2019 8:55pm
Quoting carmelina
I'm still in this trade. I lowered my stop loss when the price had reached $90+. It seems to be going in the wrong direction now but the oscillator hasn't changed colour yet. Let's see. {image}
Be careful with the double bottom happening there.
Trade what "Is", not what "If".
  • #533
  • Aug 12, 2019 9:27pm Aug 12, 2019 9:27pm
I finally succumbed and sold for a small profit.
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  • #534
  • Aug 12, 2019 9:40pm Aug 12, 2019 9:40pm
Quoting carmelina
I finally succumbed and sold for a small profit. {image} {image}
Probably a wise decision Lots of far better trades to come. Protecting our trading capital is extremely important and getting out of a trade when price is stalling is perfectly fine. If a re-entry presents itself then go ahead and get back on board.
Emotion - it steals your money.
  • #535
  • Aug 12, 2019 11:14pm Aug 12, 2019 11:14pm
Quoting TheSpoof
Watch the EURUSD guys! We are going to get a break of this range but it could be a false break or a huge move. Risky business here with these conditions. If you are hellbent on trading this, I would wait for a break of the range, then a retest of the broken level and then a confirmation that price will continue with the break direction via the system rules. {image}
speaking of retest... this looks promising to me !?
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  • #536
  • Aug 13, 2019 12:10am Aug 13, 2019 12:10am
Attached Image (click to enlarge)
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  • #537
  • Edited 1:13am Aug 13, 2019 12:32am | Edited 1:13am
Closed EA buy and and EY sell for small profit 1R between them only SP500 and US/CAD both short open at present
  • #538
  • Aug 13, 2019 1:46am Aug 13, 2019 1:46am
Quoting TheSpoof
{quote} Probably a wise decision Lots of far better trades to come. Protecting our trading capital is extremely important and getting out of a trade when price is stalling is perfectly fine. If a re-entry presents itself then go ahead and get back on board.
Hi Spoof,

Thank you for such a great thread. I read every line and video. And then I back-tested AUDUSD and I could get a 40% winning rate. If I use trailing, maybe I would get a higher winning rate. I found it would be quite a high loss rate when the trend was ranging. Like the pic attached. I lost every single trade. How to avoid this kind of trades? I think to avoid large K-line entry might be a help.

Attached Image (click to enlarge)
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  • #539
  • Aug 13, 2019 2:36am Aug 13, 2019 2:36am
Quoting chnp
{quote} Hi Spoof, Thank you for such a great thread. I read every line and video. And then I back-tested AUDUSD and I could get a 40% winning rate. If I use trailing, maybe I would get a higher winning rate. I found it would be quite a high loss rate when the trend was ranging. Like the pic attached. I lost every single trade. How to avoid this kind of trades? I think to avoid large K-line entry might be a help. {image}
The method is to avoid trades that are more than 3 to 4 blue/red candles old preferably 2 to 3.
  • #540
  • Aug 13, 2019 2:40am Aug 13, 2019 2:40am
Quoting chnp
{quote} Hi Spoof, Thank you for such a great thread. I read every line and video. And then I back-tested AUDUSD and I could get a 40% winning rate. If I use trailing, maybe I would get a higher winning rate. I found it would be quite a high loss rate when the trend was ranging. Like the pic attached. I lost every single trade. How to avoid this kind of trades? I think to avoid large K-line entry might be a help. {image}
Break even EA could save a few losses!
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