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Spoof's Trading Made Simple(r) Journal

  • #561
  • Aug 13, 2019 7:53am Aug 13, 2019 7:53am
Quoting mtacki
WHAT IS THIS ??? {image}
The USD is following The DOW after Chinese tariffs got knocked on the head for now.
  • #562
  • Aug 13, 2019 7:57am Aug 13, 2019 7:57am
Guys come on, market is doing a lot of crazy shit, you should not be bothered if your game plan is straight. I was in 3 positions and due to news i got stopped out with break even on all 3 of trades. Don’t forget most important is to defend your capital from loses, with proper trade management you don’t care what market is doing. Cheers !
  • #563
  • Aug 13, 2019 8:02am Aug 13, 2019 8:02am
Quoting carmelina
Got stopped out of this trade but I don't know if my eyes are deceiving me but I'm sure I entered when the oscillator had closed in the red as a continuation trade. Do you think the oscillator repaints? Very strange. {image}
I am not sure...I haven't experienced any repainting. Also, just a tip for you...you took that trade when price was awfully close to the SAR. As the SAR and price get closer there is very likely going to be a change in direction...which you just experienced. Just something to watch for.
Emotion - it steals your money.
  • #564
  • Aug 13, 2019 8:05am Aug 13, 2019 8:05am
Quoting Fck9to5
Guys come on, market is doing a lot of crazy shit, you should not be bothered if your game plan is straight. I was in 3 positions and due to news i got stopped out with break even on all 3 of trades. Don’t forget most important is to defend your capital from loses, with proper trade management you don’t care what market is doing. Cheers !
A lot of people like to get all caught up in the "why's" of particular price action for some reason I couldn't care less. It happened, it's in the past and offers absolutely nothing helpful towards future trades. Waste of energy if you ask me.
Emotion - it steals your money.
  • #565
  • Aug 13, 2019 8:19am Aug 13, 2019 8:19am
Well news screwed up all my trades today.

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Detach yourself from the value of money - Mr. Pip
  • #566
  • Aug 13, 2019 8:26am Aug 13, 2019 8:26am
Up 1.25 R this week. Probably a good time to take the dog to the beach and let this market calm down a bit. I will skip my next 4hr candle (1pm EST)

B
  • #567
  • Aug 13, 2019 8:27am Aug 13, 2019 8:27am
Quoting Supreme1394
Well news screwed up all my trades today. {image} {image} {image}
Not much you could do about it. Not having trades on 2 yen pairs unless you split your risk between the two could have saved a bigger loss
Emotion - it steals your money.
  • #568
  • Aug 13, 2019 8:28am Aug 13, 2019 8:28am
Quoting Bleemus
Up 1.25 R this week. Probably a good time to take the dog to the beach and let this market calm down a bit. I will skip my next 4hr candle (1pm EST) B
I am likely to do the same thing without the dog though
Emotion - it steals your money.
  • #569
  • Aug 13, 2019 8:33am Aug 13, 2019 8:33am
Quoting Bleemus
Up 1.25 R this week. Probably a good time to take the dog to the beach and let this market calm down a bit. I will skip my next 4hr candle (1pm EST) B
nice thing to say about the missus
  • #570
  • Aug 13, 2019 8:38am Aug 13, 2019 8:38am
Quoting 40PipsAlan
{quote} nice thing to say about the missus
Emotion - it steals your money.
  • #571
  • Aug 13, 2019 8:58am Aug 13, 2019 8:58am
Hey TS and other traders, what do you think about these pair of forex to enter?

AUDNZD
AUDCAD
EURJPY
CHFJPY
  • #572
  • Aug 13, 2019 9:02am Aug 13, 2019 9:02am
Quoting Jefflee
Hey TS and other traders, what do you think about these pair of forex to enter? AUDNZD AUDCAD EURJPY CHFJPY
After the price action that is going on right now? I'm gonna sit on the sidelines.
Emotion - it steals your money.
  • #573
  • Aug 13, 2019 9:35am Aug 13, 2019 9:35am
Sorry for my poor english.
That mean u won't open trade on comming candle?
  • #574
  • Aug 13, 2019 10:27am Aug 13, 2019 10:27am
Quoting Jefflee
Sorry for my poor english. That mean u won't open trade on comming candle?
Personally...I am not placing any trades today based on the current volatility.
Emotion - it steals your money.
  • #575
  • Aug 13, 2019 11:30am Aug 13, 2019 11:30am
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #576
  • Aug 13, 2019 1:02pm Aug 13, 2019 1:02pm
Here is a video where I give my thoughts on trading this system mechanically.
Inserted Video
Emotion - it steals your money.
  • #577
  • Edited 1:30pm Aug 13, 2019 1:19pm | Edited 1:30pm
Just woke up and checked trades stopped out on AU and SP for 2R loss trailing stop gave me a 1R profit on EJ and EA in total a loss but could have been worse.
  • #578
  • Aug 13, 2019 1:38pm Aug 13, 2019 1:38pm
Quoting TheSpoof
Here is a video where I give my thoughts on trading this system mechanically. https://youtu.be/Vi572ut4_Lk
Great video Spoof. I have heard that saying before. "look to the left"
  • #579
  • Aug 13, 2019 1:41pm Aug 13, 2019 1:41pm
Quoting 40PipsAlan
{quote} Great video Spoof. I have heard that saying before. "look to the left"
It sure helps to take recent price action into account. Fool proof? No, but if can save or minimize a loss then I'm all for it.
Emotion - it steals your money.
  • #580
  • Aug 13, 2019 3:12pm Aug 13, 2019 3:12pm
Taking a shot at the EURUSD breaking this range to the downside. Tight stop on this one. It's only gone about half its average weekly range thus far this week so I'm hoping to catch a nice move
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Emotion - it steals your money.
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