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Spoof's Trading Made Simple(r) Journal

  • #741
  • Edited 5:28pm Aug 25, 2019 4:54pm | Edited 5:28pm
New Trades I"m currently in............

AUDJPY(D1)..................


PSAR.........Level 1 Entry.

TP1.............4xATR(7).

SL...............2xATR(7).



Happy Trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 48 KB
Time always comes before price
  • #742
  • Aug 25, 2019 7:10pm Aug 25, 2019 7:10pm
Quoting fxrabbi
New Trades I"m currently in............ AUDJPY(D1).................. PSAR.........Level 1 Entry. TP1.............4xATR(7). SL...............2xATR(7). Happy Trading, Yomi. {image}
Watch the late entries...
Emotion - it steals your money.
  • #743
  • Aug 25, 2019 7:18pm Aug 25, 2019 7:18pm
Quoting TheSpoof
{quote} Watch the late entries...
How?????

The setup candle just closed at the opening of Sunday Open. Hence my entry at the beginning of the second PSAR.
Time always comes before price
  • #744
  • Aug 25, 2019 7:49pm Aug 25, 2019 7:49pm
Quoting TheSpoof
{quote} Watch the late entries...
...and the BIG Candles....

Trade Well.
  • #745
  • Aug 25, 2019 8:13pm Aug 25, 2019 8:13pm
Quoting fxrabbi
{quote} How????? The setup candle just closed at the opening of Sunday Open. Hence my entry at the beginning of the second PSAR.
Big gap down is what I meant to reference so not the best price
Emotion - it steals your money.
  • #746
  • Edited 9:18pm Aug 25, 2019 9:02pm | Edited 9:18pm
Quoting TheSpoof
{quote} Big gap down is what I meant to reference so not the best price

Fine.........

I trade this beautiful method with the knowledge of PA, hence my preference for APB/HA candle. See the atttached with the way I trade this trend trading method with the PA.



Happy Trading,
Yomi.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYDaily.png Size: 59 KB
Click to Enlarge Name: USDJPYDaily.png Size: 51 KB
Click to Enlarge Name: CADJPYDaily.png Size: 50 KB
Time always comes before price
  • #747
  • Edited 10:14pm Aug 25, 2019 9:41pm | Edited 10:14pm
Quoting krismitt
{quote} ...and the BIG Candles.... Trade Well.
Please learn how to trade with PA no matter the method You're using...... That candle is not BIG candle as you put it compare to the TIMEFRAME(D1).

A big candle is overly large candle that sticks out FAR beyond the recent price action. - please take note of this.

PA is King..........

Happy Trading,
Yomi.
Time always comes before price
  • #748
  • Aug 25, 2019 11:19pm Aug 25, 2019 11:19pm
Quoting fxrabbi
{quote} Please learn how to trade with PA no matter the method You're using...... That candle is not BIG candle as you put it compare to the TIMEFRAME(D1). A big candle is overly large candle that sticks out FAR beyond the recent price action. - please take note of this. PA is King.......... Happy Trading, Yomi.
Good stuff Yomi, if it works for you then hats off

Here is my definition of a Large Candle:-

Today's ADR > ADR (10).

And by today, in this case, I am referring to the last closed Daily Candle.

Attached Image (click to enlarge)
Click to Enlarge Name: ADR.png Size: 18 KB


Regarding price action....I will get back to you on that

Trade well
  • #749
  • Edited 11:56pm Aug 25, 2019 11:34pm | Edited 11:56pm
Quoting krismitt
{quote} Good stuff Yomi, if it works for you then hats off Here is my definition of a Large Candle:- Today's ADR > ADR (10). And by today, in this case, I am referring to the last closed Daily Candle. {image} Regarding price action....I will get back to you on that Trade well
But the chart/pair in question is AUDJPY....... which you quote the Spoof and the Spoof quote me.

Any way.......
Happy Trading.
Time always comes before price
  • #750
  • Edited 8:21am Aug 26, 2019 7:28am | Edited 8:21am
Stopped out of three trades over night it looks like. That's what a guy gets for tight stops What a terrible, terrible month for me. Oh well...the wins are right around the corner...they can't all be losers I will re-enter those trades with pending orders at the last opposite SAR as the conditions are still valid since I just got stopped out by some crappy price action and tight stops not necessarily a change in trend direction. If price continues in the opposite direction then my orders won't get filled and no harm done.
Emotion - it steals your money.
  • #751
  • Aug 26, 2019 9:23am Aug 26, 2019 9:23am
August trading
Attached Image (click to enlarge)
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Emotion - it steals your money.
  • #752
  • Aug 26, 2019 9:44am Aug 26, 2019 9:44am
Quoting TheSpoof
Stopped out of three trades over night it looks like. That's what a guy gets for tight stops What a terrible, terrible month for me. Oh well...the wins are right around the corner...they can't all be losers I will re-enter those trades with pending orders at the last opposite SAR as the conditions are still valid since I just got stopped out by some crappy price action and tight stops not necessarily a change in trend direction. If price continues in the opposite direction then my orders won't get filled and no harm done.
keep your chin up spoof.
Just trying to put a kiss on the cheek of success
  • #753
  • Aug 26, 2019 9:47am Aug 26, 2019 9:47am
Quoting pet3250
{quote} keep your chin up spoof.
Yup. Draw downs happen. Just gotta keep on keepin' on
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_7912.JPG Size: 173 KB
Emotion - it steals your money.
  • #754
  • Aug 26, 2019 9:50am Aug 26, 2019 9:50am
Quoting TheSpoof
Stopped out of three trades over night it looks like. That's what a guy gets for tight stops What a terrible, terrible month for me. Oh well...the wins are right around the corner...they can't all be losers I will re-enter those trades with pending orders at the last opposite SAR as the conditions are still valid since I just got stopped out by some crappy price action and tight stops not necessarily a change in trend direction. If price continues in the opposite direction then my orders won't get filled and no harm done.
Is the G7 the problem as also doing bad with the RH method.
  • #755
  • Aug 26, 2019 10:05am Aug 26, 2019 10:05am
Quoting 40PipsAlan
{quote} Is the G7 the problem as also doing bad with the RH method.
Yup. These are the things that happen in the market all the time. We could sit out until it's all over, but then there will just be some other reason to justify sitting out. These events can cause trades to go in our favour as much as against us. I think if we continue to focus on taking trades in the direction of the long term bias and manage our losses (I really hate taking these full 1R losses...no chance for me to trail a stop lately before being taken out! I admit that I have tight stops.) we will come out ahead of the came long term.
Emotion - it steals your money.
  • #756
  • Aug 26, 2019 2:56pm Aug 26, 2019 2:56pm
Quoting pet3250
{quote} keep your chin up spoof.
Broke one of my rules yesterday which was never enter market first thing on Monday morning (NZ time market opening) change of time frames still in 3 trades all in DD but may reverse or get stopped out for a 3R loss but the trend has not changed.
  • #757
  • Aug 26, 2019 3:24pm Aug 26, 2019 3:24pm
Just a quick video reminding you to be cognizant of your account size and how you trade. The size of your account can certainly influence how you trade. Traders with small accounts often over trade and trade with position sizes that are too large in order to make more "usable" dollar values out of the winners. This backfires more often than not leading to blown accounts. 2% risk on a $500 account yields a 2R win of only $20 (barely enough for a burger and beer in many places) but on a $10,000 account that same 2R trade makes a $400 win (that's a car payment and then some gas money). Big difference in terms of real dollar amounts.

Inserted Video
Emotion - it steals your money.
  • #758
  • Aug 26, 2019 3:40pm Aug 26, 2019 3:40pm
Bar closing in 20mins but recent sideways action & G7 aftermath have convinced me to sit & watch . No Trade = Good Trade sometimes
Attached Image (click to enlarge)
Click to Enlarge Name: AU_Pass_27_Aug.png Size: 86 KB
  • #759
  • Aug 26, 2019 3:43pm Aug 26, 2019 3:43pm
Hello all!
Just a quick question relating to VantageFX (International).
Here in Canada, there is limited choice in broker.

This MT4 ping time does not look right. If anyone else has experienced similar
or has a solution, I would be appreciative.
Attached Image (click to enlarge)
Click to Enlarge Name: login DEMO.png Size: 9 KB
  • #760
  • Aug 26, 2019 4:12pm Aug 26, 2019 4:12pm
Quoting EastYork
Hello all! Just a quick question relating to VantageFX (International). Here in Canada, there is limited choice in broker. This MT4 ping time does not look right. If anyone else has experienced similar or has a solution, I would be appreciative. {image}
I trade with VantageFX. I never noticed any issues. I would contact support and see if they can help you out.
Emotion - it steals your money.
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