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Silent Service Method

I have a question for you guys. I have always valued your opinions in all things Forex as I think you people represent a diverse and good group of traders.

One of the places that I do analysis for has suggested that I perhaps I should do a signal service of my own. This was predicated on some reviews that I have been doing for them on signal services lately. Needless to say, most of them are unimpressive at best. I t seems that in order to seem as a good value for the money, signal providers feel the need to push a lot of unnecessary signals out, and the risk to reward ratios they use are horrible. The last one I reviewed had an average of risking 120 pips to gain 15. The idea is to have a lot of quick winners to make the traders feel like the service is giving them value I suppose.

Anyway, the site is fairly well traveled, and is willing to promote me. I know that sending out SMS is cheap these days, and you can even send them out globally now. There really wouldn't be much to setting it up I suppose, and there are about 100 different ways I could do this I suppose. I could even offer a couple of different types of trading as well, so I suppose I could even have a couple of different "programs" to offer.

On the other hand, I hate recommending a trade that fails.

I don't know, any thoughts? By the way......speaking of trading ideas, I am very interested in the AUD/USD at the moment. A bit of support right about here would be nice.
Quoting clockwork71
I have a question for you guys. I have a couple of different "programs" to offer.

On the other hand, I hate recommending a trade that fails.

I don't know, any thoughts? By the way......speaking of trading ideas, I am very interested in the AUD/USD at the moment. A bit of support right about here would be nice.
Hi Chris - I've been mostly a silent follower of this thread and your blog for some time now. It's been a great learning experience. If you can use your experience to creat a signal service that's great on your part. But I'm a believer of learning enough to make my own calls & determine my destiny. Your teaching has been a significant part of that. So I'll stay with the tools you already offer but I'm sure there's many that would go for the signal service.
As for the Aud/Usd I've been following it closely as well. Chart show weekly trendline & MA50 both in play so will just have to see which way it'll take us.
Thanks for your dedication & time commitment to maintain the thread & blog.
dmost
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Quoting dmostpips
Hi Chris - I've been mostly a silent follower of this thread and your blog for some time now. It's been a great learning experience. If you can use your experience to creat a signal service that's great on your part. But I'm a believer of learning enough to make my own calls & determine my destiny. Your teaching has been a significant part of that. So I'll stay with the tools you already offer but I'm sure there's many that would go for the signal service.
As for the Aud/Usd I've been following it closely as well. Chart show weekly trendline & MA50...
Thanks for you comments.......

Sorry, I should have clarified, it wasn't a plea for business, rather just a question in general. In fact, even if it did take off - I am going to keep this thread going. In fact, I am not even sure how I am going to "brand" this service. It may have no reference to me at all.....

Chris
Why not Chris, a signal service from someone who actually knows what they're doing would be a nice novelty.

I guess you need to be careful with trade recommendations as I understand there's all this CFA stuff and what not that applies to Americans giving trading advice. (Of course you're already aware of all that.)

Just make sure you have the time and energy to deal with dozens of people who will pester you with questions about your winning as well as losing trades, week in and week out...
The Silent Signal Service.....has a nice ring to it.....

I think it would be a valuable idea. I do think a red/green signal is hopeless as no body can actually 'learn'. However, a Pair (or Stock or Future) with a bias and a few reasons why lets the trader look at a setup in 'real time' which is the crucial thing.

I get the feeling that no trade is ever sets up the same (as much as that would be easier), they setup differently, move differently etc. and a 'signal service' that directs your eyes to something setting up and discusses it unfolding would educate people and give them confidence to make the decisions themselves.

Personally I think that 'context' is the most important part of entering and exiting the market. I have lots to learn about this and learning off someone who knows what they are doing would be a great help.

Even if there was just one "A+" trade a month or quarter.....if not we learn about sitting on our hands.

Good to see you thinking about improving an already great service.

Mike
Crude swing longs close tothe 100$ mark respects this fork for years beautifull

Target 115$ stop 60 points below pitchfork mid if that isnt a risk reward :nerd:

If the iea doesnt release extra reserves i see this as a shakeout of the weak hands.

In currencies nok would be good instead of cad imo..

If you cant trade oil
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Quoting mypipbull
The Silent Signal Service.....has a nice ring to it.....

I think it would be a valuable idea. I do think a red/green signal is hopeless as no body can actually 'learn'. However, a Pair (or Stock or Future) with a bias and a few reasons why lets the trader look at a setup in 'real time' which is the crucial thing.

I get the feeling that no trade is ever sets up the same (as much as that would be easier), they setup differently, move differently etc. and a 'signal service' that directs your eyes to something setting up and discusses it unfolding...
Thanks.....gives me a lot to think about actually. I did wonder how I would give a signal without expanding on it.......a bad habit by now I guess......lol
Quoting ingmarforex
Crude swing longs close tothe 100$ mark respects this fork for years beautifull

Target 115$ stop 60 points below pitchfork mid if that isnt a risk reward :nerd:

If the iea doesnt release extra reserves i see this as a shakeout of the weak hands.

In currencies nok would be good instead of cad imo..

If you cant trade oil
I think if they release the oil reserves.......simply wait two to three days and start buying. Absolute morons those politicians are.....

As for the CAD - I agree. I think it will have a positive bias, but it will grind more than anything else. NOK is much more interesting to me as well......Especially if you can get involved against the Yen. And before anyone asks......in Asian trading, it currently has a 175 pip spread. (Smaller pip size. A full lot is only $0.12 a pip)

The attached chart is a weekly NOK/JPY chart....
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No need to wait that long it seems Today would have been a fine day for buying some black gold.

Oil is one of those instruments that I'm more or less a constant bull on as I'm silly enough to buy into the peak oil theory.
Yep missed it but reloading on the pullback alwell i am cautious not going in to much i have gotten much respect for this channel still see it beeing tested on 1 way or another. 1 thing i noticed in crude that it is 1 of the biggest manipulated markets out there with front running etc placing false articles rumours on reuters and stuff and then later unconfirmed. Imagine if you have the power to do that how much money you can make. Some people would think i am crazy but by tradingg crude now for a longtime day in day out i can guarentee it happens verry often.
Quoting o990l6mh
No need to wait that long it seems Today would have been a fine day for buying some black gold.

Oil is one of those instruments that I'm more or less a constant bull on as I'm silly enough to buy into the peak oil theory.
Quoting ingmarforex
Yep missed it but reloading on the pullback alwell i am cautious not going in to much i have gotten much respect for this channel still see it beeing tested on 1 way or another. 1 thing i noticed in crude that it is 1 of the biggest manipulated markets out there with front running etc placing false articles rumours on reuters and stuff and then later unconfirmed. Imagine if you have the power to do that how much money you can make. Some people would think i am crazy but by tradingg crude now for a longtime day in day out i can guarentee it happens...
Wouldn't surprise me at all.......traders are dirty, and the big ones are the worst.
This one looks interesting at the moment......
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Obvious chart to watch.....

GBP/USD
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For those of you that don't follow me on Twitter......new blog post
Quoting clockwork71
I have a question for you guys. I have always valued your opinions in all things Forex as I think you people represent a diverse and good group of traders.

One of the places that I do analysis for has suggested that I perhaps I should do a signal service of my own. This was predicated on some reviews that I have been doing for them on signal services lately. Needless to say, most of them are unimpressive at best. I t seems that in order to seem as a good value for the money, signal providers feel the need to push a lot of unnecessary signals out,...
Hi Chris,

If I understand what you're saying, then my question would be does that promotional opportunity more-or-less align with your career and/or life objectives?

For I, too have been in positions where companies approached me for promotion, but I declined because it didn't fit with my personal goals and aspirations to "climb that latter" as it were. Occasionally I'd interview others who were already in positions similar to what I was being offered for obvious reasons: to discern what's on paper, to the reality of it.

Otherwise, and for the record, I never had a signal service as a business. There are a number of novel approaches I've seen to providing signals, including one my first mentor applied that basically automated MT4 to replicate his trades in the subscribers' platform, which would mirror his trades. The lag time was virtually nil when everything was operating properly. However, he never achieved a very broad subscriber base with the technology, and I'm not sure if he went on to patent it.

Anyway, just some food for thought and I hope it helps.

Aaron
Quoting clockwork71
I have a question for you guys. I have always valued your opinions in all things Forex as I think you people represent a diverse and good group of traders.

One of the places that I do analysis for has suggested that I perhaps I should do a signal service of my own. This was predicated on some reviews that I have been doing for them on signal services lately. Needless to say, most of them are unimpressive at best. I t seems that in order to seem as a good value for the money, signal providers feel the need to push a lot of unnecessary signals out,...
Hey Clockwork,

I think its a good idea as long as the subscribers you have understand Risk
One of the hardest things trading OPM is finding good understanding
investors............
People who really understand the mechanics of the financial markets.

If you set up a signal service maybe you could "VET" some of the possible
subscribers, maybe they would have to pass a "risk assessment" before they are excepted into the fold.

I think the rapid expansion of this industry would always welcome a good honest service you are considering......

JA.
Memories caught in time but never forgotten
Quoting Soca
Hi Chris,

If I understand what you're saying, then my question would be does that promotional opportunity more-or-less align with your career and/or life objectives?

For I, too have been in positions where companies approached me for promotion, but I declined because it didn't fit with my personal goals and aspirations to "climb that latter" as it were. Occasionally I'd interview others who were already in positions similar to what I was being offered for obvious reasons: to discern what's on paper, to the reality of it.

Otherwise, and for...
Thanks man, I will have to think about it in a lot of different ways obviously. It is an open offer, and I have all the time in the world to decide as far as they are concerned.....so it's no real pressure.
Quoting j4d
Hey Clockwork,

I think its a good idea as long as the subscribers you have understand Risk
One of the hardest things trading OPM is finding good understanding
investors............
People who really understand the mechanics of the financial markets.

If you set up a signal service maybe you could "VET" some of the possible
subscribers, maybe they would have to pass a "risk assessment" before they are excepted into the fold.

I think the rapid expansion of this industry would always welcome a good honest service you are considering.........
Thanks......vetting the potential clients could be a good idea actually. Will have to noodle that one!
Remember:

Tomorrow is Non-Farm Payroll, and I am sure most of you know this. But it is also Good Friday as well, meaning a lot of traders won't even be at work for the announcement. This means the reaction will be more erratic, possibly.

Having said that, I am hoping to get a nice pop higher in the USD/JPY based upon good numbers......would like to add to my position again. I don't trade these announcements normally, but I am looking at it as a possible way to add to a long-term position. (I hope it is at least.)

That is a small, yet key distinction.
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