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Spoof's Trading Made Simple(r) Journal 819 replies

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Attachments: Spoof's Trend, Level, Signal Trading Journal
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Spoof's Trend, Level, Signal Trading Journal

Quoting TheSpoof
Age old dilemma {image}
Yes and Yes. Lock in a percentage of the profit and let the rest ride.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Quoting Ibar51
{quote} Took those 2 trades {image}{image}{image}
Update on trades. EurAUd has done nothing may close. The trades were plus $ 300 at one stage yesterday and went down to $80 the temptation to close was very strong when you see profit disappearing but at present up $620.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY.proH4.png Size: 40 KB
Click to Enlarge Name: AUDUSD.proH4.png Size: 57 KB
Click to Enlarge Name: EURAUD.proH4.png Size: 37 KB
Here is a trade I had reached my TP and then I did not reenter and I should have and it is annoying me as it met all the criteria.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader - AxiTrader.png Size: 65 KB
[quote=TheSpoof;12483170]Guilty as charged and lessons learned. No more indicator trading for me.

You opened my eyes I quit indicators too. Your journal is a great help for me.
  • Post #85
  • Quote
  • Edited 11:09am Sep 21, 2019 9:32am | Edited 11:09am
[quote=RichardB422;12516168]
Quoting TheSpoof
Guilty as charged and lessons learned. No more indicator trading for me. You opened my eyes I quit indicators too. Your journal is a great help for me.
Yes...they are entirely unnecessary. At the end of the day they are all lagging derivatives of price and tell us nothing that the charts are already showing.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
[quote=TheSpoof;12516386]
Quoting RichardB422
{quote} Yes...they are entirely unnecessary. At the end of the day they are all lagging derivatives of price and tell us nothing that the charts are already showing.
Some indicators lag, not all.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
Attached Image (click to enlarge)
Click to Enlarge Name: 59D508E3-1723-45EE-94D9-F5CCE51625A5.jpeg Size: 352 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Here is a video showing how I am trading now. It is really simple and straight forward probably the easiest trading I have done. Basically I have taken traditional support and resistance ideas and really narrowed down the levels I am trading to the most recent ones and I use those to trade from in the direction of the 4 hour trend.

Inserted Video
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting TheSpoof
Here is a video showing how I am trading now. It is really simple and straight forward probably the easiest trading I have done. Basically I have taken traditional support and resistance ideas and really narrowed down the levels I am trading to the most recent ones and I use those to trade from in the direction of the 4 hour trend. https://youtu.be/NZmBzF4cdAA
Very good explained. What's the name of your arrow indicator?
Quoting kofix11
{quote} Very good explained. What's the name of your arrow indicator?
Thanks. Oh, that is a custom indicator I had programmed that shows me rejection candles. Basically if a candle makes a higher high than the previous candle and closes lower than its own open I will get a signal or if a candle makes a lower low than the previous candle and closes above its own open I will get a signal. I don't really use it for trade entries...just more as a confirmation that price has rejected the previous high or low.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Quoting TheSpoof
{quote} Thanks. Oh, that is a custom indicator I had programmed that shows me rejection candles. Basically if a candle makes a higher high than the previous candle and closes lower than its own open I will get a signal or if a candle makes a lower low than the previous candle and closes above its own open I will get a signal. I don't really use it for trade entries...just more as a confirmation that price has rejected the previous high or low.
OK. Thanks, I thought so too... just as an information.
Here are the pairs and levels I am waiting for set ups on this week. Primarily rejection candles at the circled areas but also for inside candles or rejections off the 20 EMA. Lots of nice trends going into this week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD+H4.png Size: 89 KB
Click to Enlarge Name: NZDUSD+H4.png Size: 84 KB
Click to Enlarge Name: EURAUD+H4.png Size: 91 KB
Click to Enlarge Name: EURNZD+H4.png Size: 87 KB
Click to Enlarge Name: EURJPY+H4.png Size: 94 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
These are my trades still going from last week:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY+H4.png Size: 97 KB
Click to Enlarge Name: NZDJPY+H4.png Size: 101 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Here is an example of how I use the EMAs to determine the conditions I want to be trading in. This chart only shows the EMAs and it is very clear when you should be trading and when to stay away. I only want to be trading when the EMA's start to slope and separate from each other and then I simply look for my price action set ups at areas of value along the trends. Easy peasy. It's not glamorous or sexy or exciting it is simply just about patience and letting the market tell you when she has money available for the taking
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 89 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
EURUSD is a complete mess so I am not even looking at it these days. GBPJPY uptrend is now damaged with a big move below the 20 EMA and the Guppies are all converged so I will wait until either the down move starts to show strength or the uptrend resumes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD+H4.png Size: 100 KB
Click to Enlarge Name: GBPJPY+H4.png Size: 83 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
Hello TheSpoof,
Always as relevant your explanations. Thank you!
What EMA collisions do you use?
thank you in advance
Best regards
Quoting rch05
Hello TheSpoof, Always as relevant your explanations. Thank you! What EMA collisions do you use? thank you in advance Best regards
The EMAs are the 3, 5, 8, 10, 12, 15 and 20 period.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
my contribution
AUD/USD en D1
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD D1.JPG Size: 119 KB



AUD/USD en H4
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-USD H4.JPG Size: 132 KB
EUR/NZD en D1
Attached Image (click to enlarge)
Click to Enlarge Name: EUR -NZD.JPG Size: 102 KB


AUD/NZD en D1
Attached Image (click to enlarge)
Click to Enlarge Name: AUD - NZD.JPG Size: 123 KB


EUR/JPY en D1
Attached Image (click to enlarge)
Click to Enlarge Name: EUR - JPY.JPG Size: 117 KB


Thank you in advance for your comments
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