Yup. This is a really important lesson we all need to take on board. Trading with the trend won't get us as many signals and some counter trend signals do turn out to be good trades, but overall I think trading with the trend puts more confluence ...

Spoof's Trading Made Simple(r) Journal

Couple losses from last night. My mistake entirely for getting into some trades too early. Gotta nip that impatience in the bud - it costs money. I am going to step away from the four hour charts for a while and focus back on the dailies. Price is ...

Spoof's Trading Made Simple(r) Journal

This is where things are going to start to get interesting. For me, this is a trade against the current strong down trend and you may have just bought at the top of a retracement based on current price action. Time will tell of course, but going ...

Spoof's Trading Made Simple(r) Journal

Really good advice.

Spoof's Trading Made Simple(r) Journal

So last week's trades: EURUSD trade stopped out for +2R via trailing stop and my GBPUSD trade I closed out for a few bucks just above break even. That puts me at -1R this month so far. Not terrible considering so much sideways price action this ...

Spoof's Trading Made Simple(r) Journal

LOL no doubt about that.

Spoof's Trading Made Simple(r) Journal

Basically

Spoof's Trading Made Simple(r) Journal

Absolutely. So many losses as trends come to an end. I am hoping to avoid that as well by watching for early signs of trend breakdown and not riding trends beyond two weeks. For example, NZDUSD has been in a down trend for three weeks now...I am not ...

Spoof's Trading Made Simple(r) Journal

CHANGES COMING Here is a video talking about beginning to change up how I am trading this system. I need to figure out how to avoid trading in ranging conditions there are just too many losses that happen and it is particularly bad when I can't ...

Spoof's Trading Made Simple(r) Journal

Good job Was your AUDJPY trade form the very beginning of the week?

Spoof's Trading Made Simple(r) Journal

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Spoof's Trading Made Simple(r) Journal

END of TRADING WEEK Well. Another crappy sideways week for the pairs I trade. I managed to catch a breakout of the EURUSD and GBPUSD which are both currently in profit. We will see what they do next week. This week closed out with 3.5R in losses ...

Spoof's Trading Made Simple(r) Journal

The signal candle is clearly marked on the charts. I enter at market on the close of the signal candle.

Spoof's Trading Made Simple(r) Journal

EURUSD trade is shaping up nicely. I have a take profit set for 4R That will really help with the losses I had this week - down 3.5R this week and down 3R for the month so far in total. GBPUSD has finally taken off so we will see where that goes. ...

Spoof's Trading Made Simple(r) Journal

Gotta learn to take those losses guys. There is no way to prevent them.

Spoof's Trading Made Simple(r) Journal

Ya...it's a nice move. I am hoping to ride it down to the support level around 1.10300 for a 4R What would be really sweet is a small pullback and then re-entry ...

Spoof's Trading Made Simple(r) Journal

Going forward I am going to trade this system on both the four hour (TE shown here) and the daily charts (different broker) to see if one is generally more reliable than the other. I am going to take 2R profits on the four hour charts and I am going ...

Spoof's Trading Made Simple(r) Journal

The system is fine. We are just in a bad market right now. Nothing we can do about it if the market isn't giving us good trades. All we can do is manage our losses as best we can and let those wins run to make up for the losses. These are the times ...

Spoof's Trading Made Simple(r) Journal

Well...this month has been horrible down just a little under 3R so far. I am hoping that my EURUSD and/or USOUSD trades go for 3-4R to make up my losses this week. I am almost sure I will be sitting out the rest of the month. Many traders have ...

Spoof's Trading Made Simple(r) Journal