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Silent Service Method

  • #2,161
  • Jun 22, 2009 6:22am Jun 22, 2009 6:22am
Quoting dozzz71
Do any one know what is happening in Crend at tad/jpy, is this an long trend or short trend advice
Cadjpy - Decent long at 83 if it gets down there.
Id be interested in that...
  • #2,162
  • Jun 22, 2009 7:30am Jun 22, 2009 7:30am
Quoting Mr Smith
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

I wouldn't like to play against a gap. It should act as support at this point.

CW
  • #2,163
  • Jun 22, 2009 7:30am Jun 22, 2009 7:30am
Quoting TiaForex
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.
  • #2,164
  • Jun 22, 2009 7:33am Jun 22, 2009 7:33am
Quoting nomask
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

Yep - I have been looking at this pair. We should see some kind of move from here I would think.
  • #2,165
  • Jun 22, 2009 1:35pm Jun 22, 2009 1:35pm
i wholeheartedly agree w/ CW's conservative strategy of averaging 1-5% ROI a month.
some people cannot handle it because it is too slow, they want to get rich now, while they are young! they want 10%, 20%, or even 30% a month..

it is possible actually.. in 2008 many people had over 100% ROI betting on the credit crash, even 1000% in one year is possible (Andrew Lahde, a hedge fund manager in Cali whose goodbye letter was an interesting read.. u can google it.. he was smart and called it quits while he was ahead)


food for thought:
can you make 10% ROI this month? sure.. and next month? yes, but can you do that every month for the next 20 years? no.
proof?
does any single person in the world have 1 trillion dollars? no.
if you only start with $500 and every month make 10% ROI, by the end of 20 years you would have over $4 trillion! (500*(1.1^240))
Bill Gates is not even close to that and he's the richest man in the world! so what makes you think you can do 10% a month consistently?
  • #2,166
  • Jun 22, 2009 1:48pm Jun 22, 2009 1:48pm
I know it's a little bit soon, but...
Getting into an interesting zone with eurstocks 50.
If it goes through, we can see a nice 2 months PB.
¿would it be the end of the V shape miracle?

BTW: a little bit happy I was right with crude and soybeans yesterday
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Trading: the skill of avoiding trades
  • #2,167
  • Jun 22, 2009 2:18pm Jun 22, 2009 2:18pm
Quoting TiaForex
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.

I recently downloaded a new MT4, and the broker provides CFD's for about 25 stocks, indices, metals, and every forex combination you can imagine. Much more fun than just the majors.

http://i42.tinypic.com/2je496h.png
  • #2,168
  • Jun 22, 2009 2:34pm Jun 22, 2009 2:34pm
I take the CADJPY again, so chris can't take my pips away because I know you don't have this instrument

Last friday my sell stop on break of the DBHLC was triggered and became a nice move down. Trailed the stop once and as the PA struggles a bit around the 83.00 I moved the stop a bit above the PPZ and the trendline which was never broken as strong as recently.

So I don't have a confirmation that it goes further down but I have two reasons that it may also not go up and I don't feel comfortable with taking my profits now. I locked in enough pips and I am more the type who gives back a few pips to find out if it can go further.

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I removed the M1 to M30 buttons already from my periodicity toolbar as I don't need them anymore and the more I play with this method the more I like it, I just can't detach from my MAs and pivots on the H4.

BTW I found another good statement from CW before "Find two or more reasons why to enter a trade, being bored does not count".

stefx.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #2,169
  • Jun 22, 2009 3:26pm Jun 22, 2009 3:26pm
Got stopped out on cad/jpy. Oh well, a couple of losses this month but some nice winners too.
  • #2,170
  • Jun 22, 2009 3:30pm Jun 22, 2009 3:30pm
Quoting clockwork71
The basics again....

1 - Location! Location! Location!

Just like in real estate, if it's not in the right neighborhood, it isn't worth as much. Or like the sub, we are waiting to take the fight on our terms. There is nothing that says you have to be in a trade at all times.

2 - All bars have meaning. What's this one saying? And is it at the right location?

Again, if it's not following rule 1, then nothing else matters. However, what does this bar say about psychology? Is the herd getting pushed back where...
I was reading the thread from the begining and found this in page 33 i think...its important.

Clockwork thank you for the great thread, I had a question.

What character do you play with in WOW lol ?
  • #2,171
  • Jun 22, 2009 3:53pm Jun 22, 2009 3:53pm
Look!
I was brave enough: "That's one small step for my toolbar, but a giant leap for my trading"
Attached Image
Trading: the skill of avoiding trades
  • #2,172
  • Jun 22, 2009 4:42pm Jun 22, 2009 4:42pm
Did anybody take the 4H pin on the aussie?I was not confident enough to put real pennies down, took it short on demo, and got shaken out by the first green candle. Closed it for about 30 pips, which was about 100 pips ago.

I'm having some issues "trusting the trade", and need to learn to walk away and let it play itself out.

Otherwise, it looks like a lot of the moves are already underway, no reason to chase 'em.
  • #2,173
  • Jun 22, 2009 5:39pm Jun 22, 2009 5:39pm
Quoting stefx
Hi tazzam.

To make a pinbar to a tradeable pinbar for me it has to meet several criterias.

 

  1. Are we trending
  2. Is there space to the left
  3. The pinbar should be longer than the bars before
  4. The nose of the pinbar should exceed the previous bar for a good amount of pips (a bit subjective for me yet)

Attachment

Yet the price is only bouncing of a weekly S&R and is no valid short (for me). If you want to trade this you should at least wait for the minor support to be broken and confirmed as resistance and put...

CADJPY hit my TP
  • #2,174
  • Jun 22, 2009 7:00pm Jun 22, 2009 7:00pm
I also took the GBP/CHF short off of a 4H pin on demo, thinking it wasn't an ideal set-up, but also kind of testing the waters so-to-speak, in hopes that demo success will breed live confidence.

It's about 60 pips in profit, and I think I'll move the stop to BE soon.
  • #2,175
  • Jun 22, 2009 7:04pm Jun 22, 2009 7:04pm
Hi Clock,

Is there anything that would stir your interest in Cisco stock at the moment; long, short, neutral?

Thanks!
Attached Images
  • #2,176
  • Jun 22, 2009 7:31pm Jun 22, 2009 7:31pm
For what it is worth.....
Follow the price down with a trailing buy, once triggered trail a hard stop at 1.00 ...
Todays high was 18.80 so put a buy stop at that price, if it is not hit tomorrow and price continues to drop modify your buy stop to tomorrows high.
Do this until you are filled, then trail your stop at the low of each previous day.

It looks like it is about to hit a support soon....http://img31.imageshack.us/img31/169...capturemwy.png
Same Whore .... Different Dress
  • #2,177
  • Jun 22, 2009 7:49pm Jun 22, 2009 7:49pm
Quoting Dropped Onion
Hi Clock,

Is there anything that would stir your interest in Cisco stock at the moment; long, short, neutral?

Thanks!

No, not at all to be honest.
  • #2,178
  • Jun 22, 2009 8:49pm Jun 22, 2009 8:49pm
PG has a huge pinbar off the 50 PPZ and some divergence, not really much room to run or a high amount of volume versus normal.
  • #2,179
  • Jun 22, 2009 8:59pm Jun 22, 2009 8:59pm
Quoting split_unit
I was reading the thread from the begining and found this in page 33 i think...its important.

Clockwork thank you for the great thread, I had a question.

What character do you play with in WOW lol ?
lol, I have several actual. All Horde of course.
  • #2,180
  • Jun 22, 2009 9:01pm Jun 22, 2009 9:01pm
Quoting eswap0
Look!
I was brave enough: "That's one small step for my toolbar, but a giant leap for my trading"

Nice......I like to see that.
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