Silent Service Method

Hi CW
I took this trade today NZD JPY what do you think? Bought 60.85 TP @62.86

Tazzam,

It doesn't look like such a good idea, but I'm not CW.

http://i44.tinypic.com/jhq0wl.png

I Think EJ long to 136.00 I am long @133.83 hmmmmm

EJ, formed a 2day pin, also had a nice 4hr pattern off trend line couple of bars ago... problem i see is 135 to 135.50 has some resistance.... if your not already long id stay out

Hey Clode,

If this were a swing high, I'd think Asia was giving us the finger.

http://i44.tinypic.com/33uplsj.png

I think GBPCHF overall short to at least 17200 on the 4H chart, I will wait for up retracment then short this pair to 17200

Possible change trend on 4H

Do any one here knows what this 4hr bar here is all about, can it be a railway tracks, cos its seems there is a continuation of down trend.

The arrows are pointed on the candles I guest this is uptrending

If you mean profitable for the seller or broker you can take any, if you mean profitable for you there's no choice other than manual trading. There may be automated trading systems used by institutions and banks but if so I think most of us are not liquid enough to get em. If you don't believe just try some of the free ones on FF and other forums to see that I am right. The free ones have at least advantages:

 

1. They don't cost you money whilst you discover they wouldn't be worth money.
2. The developer may be a longer time member of a forum and has a reputation to lose, so at least he tries to give something away which can work under certain circumstances whereas the commercial one is just a criminal and doesn't care about giving away just a bunch of shit.
3. There may be a discussion appended in the EA thread which shows truth, weakness and strength as a commercial EA landing page shows only an amazing rising equity curve over a period of time where the parameters including risk percentage like 25% (insanely calculated from the account margin by even not incorporating the distance to the stop !!) could play out best and believe me you don't want to know what this EA does with your money before and after this picky presented period of time.

From an earlier post of mine:

I agree with the very high probability of confusion inherent in the learning process, if not even better to say inevitable confusion unless you grew up in a trader family or had a mentor besides you.

My forex start was initiated by an expert advisor advertisement. I've spent the first 80 bucks to find out that I need to be profitable for myself, because a machine won't be. Nevertheless I tried a couple of the free ones and found the evidence, that no EA has consistent POSITIVE results. Only the ones with a SL as far as the distance to the moon are short term profitable, but believe me, if you accept that this SL is hit sooner than later you have to be damn crazy to give such a machine the control over your real money.

Now I found me at the point to get something learned, but what ? So came across some forums with tons of information, which was an overload for a newbie as me. That's where the confusion started ...

Stick with clockworks and james16 threads, they will open your eyes and show you that you can make yourself a profitable method which will cost you a couple of hours every week at a maximum if you learn to master your method.

stefx.

woo...

If you're looking for a profitable ea you may as well just go to a bookmaker and give him your money instead. You'll have more fun and reach the same destination quicker.

Easy money...

Something i've been thinking about for a while...
Two options seem to work well

1 - Follow behind latest support/resistance formed
2 - Follow behind with SL just below 50% retrace of last move. This works best for me...

Anyone else got any trailing stops schemes on?
Thanks...


gbpchf is not playing nice. lol.
It jumping too much into profit and not letting me trail my stop...
Ha Ha Ha

You know what weekly this is looking pinnish - Im gonna let this run. Could be big 600 pips big

I disagree, if you find a profitable non-discertionary strategy, then a good EA based upon it will also be profitable!

However I believe that EAs are best for backtesting potential profitable strategies - so as to be able to dicard those that are not profitable or have too big a risk/draw down.

A good EA based upon either of Joel Rensink's free strategies would be profitable - but why bother running them as an EA when they only take 20 mins per wek to trade manually?

Ian

Fair enough but I don't know too many non discretionary trading systems that are actually profitable.

Nice move on GBPCHF , may be it go up for sure now
Edit : make new high

Dammit Chris...
This 'waiting and watching' is too hard.
Can you please clarify this?
Where, oh where do you look for entries?
Damn chart makes no sense. It just moves totally randomly...

SNB stepped in to prevent CHF from strengthening any further.

http://www.forexfactory.com/news.php?do=news&id=178140

Just as Clockwork hinted...

Josh

so your saying Chris is an insider with the SNB? haha