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Spoof's Trend, Level, Signal Trading Journal

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  • Post #101
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  • Sep 23, 2019 2:55pm Sep 23, 2019 2:55pm
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Quoting rch05
Disliked
EUR/NZD en D1 {image} AUD/NZD en D1 {image} EUR/JPY en D1 {image} Thank you in advance for your comments
Ignored
Not quite sure what you are asking me. Those are some busy charts you have going on.
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #102
  • Quote
  • Sep 23, 2019 3:36pm Sep 23, 2019 3:36pm
  •  Ibar51
  • | Joined Jan 2015 | Status: Member | 324 Posts
Hi TS great video will have to reassess my entry after pull would enter on a inside bar or pinbar but waiting for a break of previous low/high makes sense greater probability
 
 
  • Post #103
  • Quote
  • Edited 10:48am Sep 24, 2019 9:15am | Edited 10:48am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
AUDJPY and NZDJPY stopped out for tiny profits as price looks to be changing direction - saved myself 2R loss there by trailing my stops. The dilemma with trailing a stop is that it may take you out of a trade that would otherwise have gone onto reach the profit target. I find that doesn't happen too often for me so what I like to do is once price closes past 1R I move my stop to 0.5R and depending on where my TP is set either leave it there for the duration of the trade or trail the stop.

Looks like all those trends from last week have broken down and are either going to reverse or go into a period of consolidation. I have my eye on EURNZD as all the EMAs just started to line up downwards.
Attached Image (click to enlarge)
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Name: EURNZD+H4.png
Size: 97 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #104
  • Quote
  • Sep 24, 2019 10:47am Sep 24, 2019 10:47am
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Potential trade set up on EURJPY on the close of the current candle in a couple hours. Some good confluence here rejecting the recent support level and the 118.500 number level. Don't chase price...this candle needs to close to confirm the bearish momentum as this could just as easily turn into a bullish rejection candle over the next few hours
Attached Image (click to enlarge)
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Name: EURJPY+H4.png
Size: 91 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #105
  • Quote
  • Sep 24, 2019 4:44pm Sep 24, 2019 4:44pm
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Big rejection candle after that large bearish candle. I have a sell stop below the low of the candles to catch a move to the downside now...if it comes. I will be really surprised if there isn't a nice strong move down after these last two candles. Coming into a weekly level but a strong down trend will often blow past these levels. I will make sure to tighten my stop if price gets down there as a precaution against a bunch of buyers hanging out there.
Attached Image (click to enlarge)
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Name: EURJPY+H4.png
Size: 94 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
1
  • Post #106
  • Quote
  • Sep 24, 2019 5:29pm Sep 24, 2019 5:29pm
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
NZDUSD starting to set up for longs on the break of the resistance or a price action signal off the 20 EMA.
Attached Image (click to enlarge)
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Name: NZDUSD+H4.png
Size: 88 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
1
  • Post #107
  • Quote
  • Sep 24, 2019 5:34pm Sep 24, 2019 5:34pm
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
OK...first support level has been identified on EURNZD. Now we wait for a nice break of that level or a break and a re-test and rejection showing that support is now resistance and price will be looking for a new lower low.
Attached Image (click to enlarge)
Click to Enlarge

Name: EURNZD+H4.png
Size: 87 KB
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
1
  • Post #108
  • Quote
  • Sep 25, 2019 7:01pm Sep 25, 2019 7:01pm
  •  TheSpoof
  • Joined Oct 2017 | Status: Member | 634 Posts
Pretty slow week. Nothing is really moving. Oh well
Emotion - it steals your money.
Swift Trade All Time Return: 7.8%
 
 
  • Post #109
  • Quote
  • Sep 27, 2019 10:48pm Sep 27, 2019 10:48pm
  •  mistakesr
  • Joined Sep 2014 | Status: Member | 286 Posts
Hey Spoof, hope you are well. Just been reading this journal and your other one which made me smile, you can truly feel the love from all the cockwombles who are still scrambling to find that Holy Grail system around here that requires no work and zero losses. It must be here somewhere, I just have to find it

No idea if you'll find this helpful but me and my trading mate had this simple little tool coded about 3 years ago to help find trends on different time frames. It simply tells us when 3 MA's of our choice are aligned on a particular time frame, the more time frames aligned the stronger the trend. Sometimes even if all time frames are aligned PA can still look like shit but at the very least it prompts us to go take a look at a pair.

Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 MatrixScanner_v1.0.ex4   47 KB | 183 downloads
Ardua Ad Astra Per
 
2
  • Post #110
  • Quote
  • Last Post: Sep 30, 2019 11:26pm Sep 30, 2019 11:26pm
  •  Ibar51
  • | Joined Jan 2015 | Status: Member | 324 Posts
Quoting mistakesr
Disliked
Hey Spoof, hope you are well. Just been reading this journal and your other one which made me smile, you can truly feel the love from all the cockwombles who are still scrambling to find that Holy Grail system around here that requires no work and zero losses. It must be here somewhere, I just have to find it No idea if you'll find this helpful but me and my trading mate had this simple little tool coded about 3 years ago to help find trends on different time frames. It simply tells us when 3 MA's of our choice are aligned on a particular...
Ignored
Thanks for the scanner
 
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