Silent Service Method

i have this picture in my head of clockwork making trades to this song all day....

Great thread, Clockwork looking to learn

Hi Clockwork

Thanks for posting your system- your first post got me hooked because it echoes a lot of what I have come to realise the hard way- that consistent modest gains are the key to success.

I read somewhere a while back that trading should be a bit like brick laying- each day you lay the same bricks- nothing exciting about that, but then over time………look what you have built!

Great start to the thread…. Looking forward to learning more

Mark

Yes, exactly.

I am a painting and drywall contractor by profession. Maybe that's why this clicked for me early.....it's similar if you think about it.

You paint one wall at a time.....methodically, never skip around.....just over and over......

Then the next thing you know...you're done. It all seems to come together at the same time, because it's such a laid-back process most of the day. Trading is similar I find.

Speaking of which.....I have a small job today. I will be back later on.

Clockwork

Here is a link to one of the greatest trading books of all time. If you haven't read it - please do. There are so many timeless lessons in it.....

Reminiscences Of A Stock Operator

http://www.scribd.com/doc/3932626/Ed...ersary-edition

You can download it from this site for free......definitely worth the price. I bought a copy myself, and have read this book 4 times.

Clockwork

Alright, we are about 85 posts in total on this thread and a few things have started to materialize. None of this surprises me, but I thought I would address them, and why this thread is going to be a lot different than most here.

I have seen a post or two in the forums complaining about new "gurus" out there this weekend. I can only assume this is pointed towards myself. Something about sharing something right away. I am not going to address this person directly, but I am going to answer these concerns as I know it will undoubtedly come up from time to time.

One of the first questions is going to be, "Why should I trust some random stranger online to teach me what works?" This is a great question that most people don't bother asking. My answer is simple: Don't.

Don't trust me blindly. Try out some of these methods in demo accounts first, see if you can make heads or tails of it. All I know is this stuff works for me. It seems that it helps many others too.

Another question/complaint is that the knowledge doesn't get passed on quick enough. Of course it doesn't if you are all about the "Get rich by Thursday" mindset. If you were going to try to be a successful (insert profession here), how long do you think you should study? I know it isn't a weekend. There is no quick fix for this.

Trading is a mindset, a lifestyle at times. You cannot one day just say..."To hell with it, I am going to get rich trading currencies." I know we all do that, but it doesn't work that way does it? If it did, you wouldn't be reading this.

There are three types of people studying this thread as far as I can tell:

1 - The person who is looking for the magic formula by post 6. This person has already tried two other systems this week. They will consistently lose money. They are too damn lazy to be successful at this.

2 - The person who will blend a bit of this stuff, maybe some from Jacko, James 16, etc....and make a few twists for themselves. This person has a good chance at figuring things out, if they can keep things clear, and not get too muddled up with all the different systems....

3 - The person that is willing to take the time to actually learn something here. To be patient and prove to themselves that it works. This person will start to see the world in different ways as well, if they just listen to the lessons the charts are trying to tell.

I know it sounds ridiculous, but I truly believe that trading teaches you more about life than almost anything else I know.

I know you want to run.....but you gotta learn to crawl first. This thread will be somewhat slower in speed, because I want to see it work. Anything worth achieving takes time. You will learn more about yourself than just about any other time in your life, I promise.

Not all gains in trading can be measured in dollars and cents.

Clockwork

Clock;

Your time and unselfishness is greatly appreciated here on FF. You strat. is similar to the No Brainer Trades thread by BillyRayValintine and very effective.

TimeFreedom

Yes, in fact....I recommend anything he writes very highly. I pop in there from time to time, I really like his work.

Clockwork

Hi Clockwork,

I just wanted to say the way you have presented your ideas about trading is refreshing. Most people slap a system together put it in the first post and never provide any real detail as to "how you should look at the market" before you trade.

Keep up the good work here....

Forget about what people say... one man's fun is another's hell...

You may have disappointed a lot of people here that has the "need for speed".... but you're so right...

I took me almost 10 years of high level academy dedication to become an anesthesiologist; first a couple years of basic study, then the 6-year medicine school, and then 2 more years of intense and massive practice learning in anesthesiology.... that was, huh... about 8 years ago.... I'm still practicing, and still learning.... NO rush at all.....

Keep it slow, keep it good...

Cheers!

HT

Subscribed to this thread Great thread Clockwork! Not only mentioning about the technical stuff but also the most important part IMHO, the psychology of trading.

I used to not paying attention to S/R or PPZ (J16), but now I do. It sort of open mythird eye to look at the market. Know what to expect. Like many others (at least I am), I started with the mindset of get-rich-quick-scheme, and lost 70% of my account LOL But when I realized it does not work that way, thing changes.S/R is the most simple and yet effective way of trading and hopefully will learn a lot from your approach.

I guess its time to really learn something again instead of useing all those lazy mans indicators . thanks Tom

I was particularly impressed by your perception as stated in item 2. of the quoted post.
When you are a new trader even with the best of intentions to learn it is very easy to become seduced by a "system"....and a "system"...and a "system" etc. Pretty soon you have a lot of good "systems" most of which you neither understand nor trade successfully. I have found and am finding that the best trading systems are ones that you have developed yourself suited to your own particular style of trading in those time frames in which you feel the most at home. The thing that makes this forum such a great place to learn is the mentoring of traders like Clockwork (he should be called "Clockwise") and others. To me the development of your own system of trading is a lot like buying from a Chinese food takeout menu....some from column A and some from column B. Reading on the forum gives you a lot of column A's & B's from which to choose.
I look forward to the day when I will have learned enough to pass some of it along to others seeking knowledge.
Clockwork, I apologize for pontificating on your thread but you really struck a chord with the above referenced quote as well as your approach to teaching.

I really doubt that this was directed toward you.

Great thread! Thanks!

Hello Clockwork71,

I came across this quote in a post .. you made on June 18 2007 .... I believe in the Beginner Forum.... probably one of your first posts:

" A little background on myself....

I am a painting contractor by day, and part time Forex trader. I speak 4 languages, play 6 instruments, and once tested completely out of all required history courses for the college I attended.

And I still SUCK at Forex. "

So what occurred between then and now to turn things around? And to what degree have they changed for you?

I know in the beginning of this thread you stated that you were up XX % over XX time.

What were some of your 'A HA' moments?

The language part is interesting and probably helped CW to view things from a different perspective, as he is clearly showing.

I just wish you guys were not all posting while I am asleep, takes so much time to catch up. LoL

Kudos to Clockwork for this thread. I don't post outside of my own journal page much anymore, but this thread looks like it's going somewhere.

Such a refreshing change from some of the cryptic "kung-fooey" type threads out there that ask more questions than they answer, and have dozens of posters chasing each other's tails for hundreds of pages.

I forgot about that. Thanks for reminding me!

I think the ability to not trade all the time is what really started to change things for me. I really felt like it was impossible to make money if you weren't in the market at all times.

Sometimes less is more.

As far as "ah-ha" moments, I will post some from time to time.

Clockwork

Hi,

Great thread.

Trading s+r is where it all came together for me, after years of grail searching things finally started to fall into place. if anybody new comes accross this thread take note this is pretty much all you are ever going to need.

I updated our EUR/CHF 4 hour chart because of a Sunday night gap. (Asia morning.)

Right now, there are tons of people trying to sell this pair off as it "runs away". The truth is, most knee-jerk reaction type trades don't work out. (This is the reason you get spanked as a news trader over time.)

As you can see on the second chart, many of these people are probably going to be unhappy a little later down the road.

I could be wrong, but there is nothing here that excites me to short this with everyone else.

If it goes through the bottom, it will give us a chance to short it later, it almost always does......

Clockwork