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Silent Service Method

  • #2,141
  • Jun 21, 2009 8:58pm Jun 21, 2009 8:58pm
Quoting TiaForex
Did you trade this using Interactive Brokers Chris?

Also, how did you find it? I know you use Stock Charts but I thought you followed only the most liquid dow stocks? That program doesn't look like stock charts and so I'm interested in your daily or weekly screening routine and how you keep up with everything.

Thanks.

This particular stock is one of the ones that makes the "Hang Seng Index", in other words, its the same thing as being on the Dow, but in Hong Kong.

This program you are seeing is Interactive Brokers pathetic charting. And that was a live feed at the time......not a program. To be honest, I am not even sure where I could get decent HK charts....still working on that one.
  • #2,142
  • Jun 21, 2009 9:03pm Jun 21, 2009 9:03pm
Quoting TiaForex
Did you trade this using Interactive Brokers Chris?

Also, how did you find it? I know you use Stock Charts but I thought you followed only the most liquid dow stocks? That program doesn't look like stock charts and so I'm interested in your daily or weekly screening routine and how you keep up with everything.

Thanks.
yeh i tried to download stock charts yesterday but it seems to be a basic online chart thing... that program does look different that chris uses
Grabbing the bull by the horns!
  • #2,143
  • Jun 21, 2009 9:05pm Jun 21, 2009 9:05pm
Quoting clockwork71
This particular stock is one of the ones that makes the "Hang Seng Index", in other words, its the same thing as being on the Dow, but in Hong Kong.

This program you are seeing is Interactive Brokers pathetic charting. And that was a live feed at the time......not a program. To be honest, I am not even sure where I could get decent HK charts....still working on that one.
ive resorted to downloading the demo of the saxotrader platform for my charting needs, just means ive created 15 hotmail accounts to renew the 20 day demo subscription ha
Grabbing the bull by the horns!
  • #2,144
  • Jun 21, 2009 10:40pm Jun 21, 2009 10:40pm
I was trawling through an old old journal of yours Chris and I found this quote from 2007:

"Your $2,000 account at FXCM isn't going to run Citibank out of business."

Nope. They managed to do that all by themselves.
  • #2,145
  • Jun 22, 2009 12:11am Jun 22, 2009 12:11am
Great thread Clock and all who are involved, just found it, I'm usually
over at the j16 thread.

I'm demoing stocks and thought i'd post this possible short for any constructive cristism etc.

Reason for shorts, gap up, with a pinbar, now I'd luv to see a much larger pinbar, would u consider playing this clock, or is that pinbar just to small against this bull market for you?

Any comments welcomed.

Regards
Mr Smith
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  • #2,146
  • Jun 22, 2009 12:21am Jun 22, 2009 12:21am
Quoting whitegoodman
yeh i tried to download stock charts yesterday but it seems to be a basic online chart thing... that program does look different that chris uses
Just to add that I trade throught IB, but use Ninjatrader for charting and launching my trades, with the IB feed.
I also use MT4 charts for currencies, but trade them also from NT through IB.
Ninjatrader is free if you just use it for charting, so if you are already in IB, you can use NT for that purpose.
Trading: the skill of avoiding trades
  • #2,147
  • Jun 22, 2009 12:29am Jun 22, 2009 12:29am
Quoting eswap0
Just to add that I trade throught IB, but use Ninjatrader for charting and launching my trades, with the IB feed.
I also use MT4 charts for currencies, but trade them also from NT through IB.
Ninjatrader is free if you just use it for charting, so if you are already in IB, you can use NT for that purpose.
Eswapo,

How do you find forex trading with IB?
Is it simple enough, and how are spreads say on euro while trading full 100k lots?

Thanks
  • #2,148
  • Jun 22, 2009 12:52am Jun 22, 2009 12:52am
Quoting clockwork71
A few people have been asking about the recent USD/CAD pinbar. While I can't say it's a horrible trade - it's not an A grade one as these two charts attempt to show.
Hi Cw...I liked your usdcad analysis as always..a pinbar at 1.18 could be a great opportunity i believe so..probably thats what you call is A+ grade trade..
here is what can cause this pair to move up to 1.18 level based on fib traders..
(the pinbar that you said it wasn't A+ setup was actually buyers's taking profit level on second expansion...so there might be more room to go north)
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  • #2,149
  • Jun 22, 2009 1:04am Jun 22, 2009 1:04am
Quoting Mr Smith
Eswapo,

How do you find forex trading with IB?
Is it simple enough, and how are spreads say on euro while trading full 100k lots?

Thanks
No complaints at all with IB in forex, except (as I already mentioned) I don't use their platform for charting.
Normal spread for eurusd is one pip (I use 4 dec).
Please find enclosed min quantities per order here if you want to be in IDEALPRO (lower spread, lower commisions).
I pay 1.8 usd$ of comision + spread for every trade.
Must add 3 negative things i don't like at all:

 

  1. You don't trade lots, you trade quantities.
  2. Every losing or wining trade (after closing it) causes you to be long or short in a certaing currency. If you want to get it back to your home currency, it lounches an order to IDEAL market (whith higher spread), and after sending it you get a permanent position in you portfolio whith that pair, that uses to mix with your ordinary trades, creating a bit of a mess.
  3. Customer service is slow.

Trading: the skill of avoiding trades
  • #2,150
  • Jun 22, 2009 1:45am Jun 22, 2009 1:45am
Quoting Marco
Hi CW,

I'd love to trade stocks but there's one thing that bothers me a lot, and that are those evil overnight-gaps you sometimes get in stocks. I mean if you buy a stock at $50 with a stop-loss at $48 and you risk 2% of your account and next day it opens at $20 you've lost a lot more than you wanted to risk. How do you handle that? Just ignore it or buy some OTM put options?

Take care and thanks for that thread,

Marco
You could always use a spreadbet company, like IG, who have guaranteed stops.
All flesh is as grass
  • #2,151
  • Jun 22, 2009 2:25am Jun 22, 2009 2:25am
audusd at 0.8000 level..i think this pair is about to make up its mind for long term..no need to mention its also 50 percent fib level of the massive down move
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  • #2,152
  • Jun 22, 2009 2:33am Jun 22, 2009 2:33am
same chart on daily time frame...one good thing about this is that most of the time you know when price might get in a consolidation..with only this information you stay away from a lot of bad trades...
just like on the recent usdcad move..we knew price would get in trouble around 1.08 level because of past move and pivot zones...
thats the time sit,watch and wait that trade comes to you...
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  • #2,153
  • Jun 22, 2009 2:50am Jun 22, 2009 2:50am
CHFJPY off 88. Would prefer to see it get down to 87.80, then go long.
Also maybe tomorrow but a long on eurusd would be nice from 1.3730
  • #2,154
  • Jun 22, 2009 3:42am Jun 22, 2009 3:42am
Do any one know what is happening in Crend at tad/jpy, is this an long trend or short trend advice
  • #2,155
  • Jun 22, 2009 4:04am Jun 22, 2009 4:04am
Quoting dozzz71
Do any one know what is happening in Crend at tad/jpy, is this an long trend or short trend advice
What are you looking at? Got a chart? Are you talking about the 4hr, daily, weekly chart? Hard to answer your question without this info...assuming you mean cad/jpy.

Sorry to be blunt. Josh
  • #2,156
  • Jun 22, 2009 4:05am Jun 22, 2009 4:05am
Quoting dod
You could always use a spreadbet company, like IG, who have guaranteed stops.
Hmm I don't trust those companies, I mean why would they want to offer me a guaranteed stop?
  • #2,157
  • Jun 22, 2009 4:06am Jun 22, 2009 4:06am
Quoting Marco
Hmm I don't trust those companies, I mean why would they want to offer me a guaranteed stop?
for that nice 0.3% premium they charge you to use it... haha its a rip
Grabbing the bull by the horns!
  • #2,158
  • Jun 22, 2009 4:09am Jun 22, 2009 4:09am
Quoting dozzz71
Do any one know what is happening in Crend at tad/jpy, is this an long trend or short trend advice
i'd say no trade advised...
nothing obvious at this time to say anything
  • #2,159
  • Jun 22, 2009 4:22am Jun 22, 2009 4:22am
Quoting Jduester
What are you looking at? Got a chart? Are you talking about the 4hr, daily, weekly chart? Hard to answer your question without this info...assuming you mean cad/jpy.

Sorry to be blunt. Josh
am talking abouthe general trend, the 4hours chart where is its direction
  • #2,160
  • Jun 22, 2009 4:22am Jun 22, 2009 4:22am
Quoting Jduester
What are you looking at? Got a chart? Are you talking about the 4hr, daily, weekly chart? Hard to answer your question without this info...assuming you mean cad/jpy.

Sorry to be blunt. Josh
am talking abouthe general trend, the 4hours chart where is its direction iam long 85.15 over 130 pip lost
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