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Silent Service Method

  • #2,621
  • Jul 3, 2009 3:12pm Jul 3, 2009 3:12pm
Weekly charts , even Mothly give answer for "big picture"

Some keep traids open few minutes, some few hours, some few days
and some few moths.

It´s important info when look trade, we say setup that what is behind
what in front of You trade.

We don´t want to be like those who did go beach and look
ooh so nice waves beatiful...and soon did come Zunami.
  • #2,622
  • Jul 3, 2009 3:12pm Jul 3, 2009 3:12pm
Quoting SaepeExertus
I have switched between candle and bars half dozen times.
With CW’s method I find I can fallow his approach easier with the bars.
Sorry, I realise what I wrote sounded a bit negative! All I meant was I can't see what's going on nearly as easily with bars as I can with candles but they essentially convey the same information. It is a matter of personal choice.

As a tool for yourself or anyone else that would be really good, as I believe somebody else said.

Oh, and good luck!
  • #2,623
  • Jul 3, 2009 3:16pm Jul 3, 2009 3:16pm
Quoting SomTam
Weekly charts , even Mothly give answer for "big picture"

Some keep traids open few minutes, some few hours, some few days
and some few moths.

It´s important info when look trade, we say setup that what is behind
what in front of You trade.

We don´t want to be like those who did go beach and look
ooh so nice waves beatiful...and soon did come Zunami.
I haven't read a truer word in moths.
  • #2,624
  • Jul 3, 2009 3:20pm Jul 3, 2009 3:20pm
Quoting SkyzerFX
Hello, I'm new to this thread, read about first 7 pages. Just don't understand,
why would anyone care about weekly chart? We are pretty much
day traders here and weekly chart displaying about the same
time frame like 20-years stock chart. Now question, why would
day trader even look at 20-years chart? I tell you more
day trader will never look beyond 6-month chart in that matter,
which would be = H4 Forex (TF) but in most case 3-month
chart say all the story which is = H1 TF. Do you really like
to see back to 1970-1980 when $1 USD was worth 4 Swiss...

Move along, you obviously don't get it.
  • #2,625
  • Jul 3, 2009 3:21pm Jul 3, 2009 3:21pm
Quoting hel13rock
That rogue trader who bought a huge amount of oil on Tuesday night really messed a whole load of markets up at once!

Cad/jpy and anything including those two have been all over the place.

Interesting that one trader could move the market like that, they say he could have been drunk... I wonder... he could've made a tidy profit putting his own trade alongside the companies. They took a huge loss, he sold at the top.

Good Lord, can you imagine being that guy's boss? I bet he about had a heart attack when he came into work the next day.
  • #2,626
  • Jul 3, 2009 3:25pm Jul 3, 2009 3:25pm
Quoting clockwork71
Good Lord, can you imagine being that guy's boss? I bet he about had a heart attack when he came into work the next day.
Oh yes! I shouldn't worry too much, he's probably in Rio de Janeiro by now!
  • #2,627
  • Jul 3, 2009 3:25pm Jul 3, 2009 3:25pm
Quoting SomTam
Weekly charts , even Mothly give answer for "big picture"

Some keep traids open few minutes, some few hours, some few days
and some few moths.

It´s important info when look trade, we say setup that what is behind
what in front of You trade.

We don´t want to be like those who did go beach and look
ooh so nice waves beatiful...and soon did come Zunami.
It really does come down to each trade. When I enter a trade, sometimes I just know it's worth holding onto. Every once in a while, I see a set up that I know I want to be taking and holding on for as long as humanly possible.

It's a lot like baseball. It really depends on the set up. (Pitch being thrown to you) If the pitch is a wicked curveball, you know you are going to have a hard time knocking it out of the ballpark. The idea might be to try to make decent contact, and get to first base. Some trades are like that - you see the potential for 100 pips, but you don't see it as a major trend change.

In the end, it's all about scoring runs.....making pips.

CW
  • #2,628
  • Jul 3, 2009 3:40pm Jul 3, 2009 3:40pm
Quoting Jduester
This is a pretty good chart of the PA available to us....
Thank you Josh. I am going to redo the montage as another member has noted they seem a bit confusing.

This may take some time but I believe the results will be more useful to all us new traders.

Quote
Josh
I must say that I don't use most of these on a regular basis. I generally only use a regular pinbar (rarely combining bars), BEOB/BUOB, and double inside bars
Would you post a chart that illustrates the double inside bars you are using?

I appreciate your input very much. Thanks Again…
  • #2,629
  • Jul 3, 2009 4:02pm Jul 3, 2009 4:02pm
I see very interesting Usd/CAD. 1.18 almost match with 50 fibo level. The previous candle seems like a pullback of April candle BEAR(almost a Black Closing Marubozu). I will wait a PA in 1.18 .....

thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 66 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,630
  • Jul 3, 2009 4:03pm Jul 3, 2009 4:03pm
Quoting clockwork71
I don't worry aboout the weekends to be honest. If I have a trade going, I let it run.
Hello CW....thank you.....I already let it run with SL....
-happyTrading-myFx.
  • #2,631
  • Jul 3, 2009 4:04pm Jul 3, 2009 4:04pm
Quoting hel13rock
Sorry, I realise what I wrote sounded a bit negative! All I meant was I can't see what's going on nearly as easily with bars as I can with candles but they essentially convey the same information. It is a matter of personal choice.

As a tool for yourself or anyone else that would be really good, as I believe somebody else said.

Oh, and good luck!
hahahah man O man O man
There isn’t a current member nor will there be any future members here that could possibly put any chinks in my armor.

I assure you I took your remarks with the very best of intentions.
I assure you as well no apologies are necessary.

You caused me to reevaluate my objective.
That’s a good thing.

Thanks again...

Roy
  • #2,632
  • Jul 3, 2009 4:09pm Jul 3, 2009 4:09pm
Quoting SkyzerFX
Hello, I'm new to this thread, read about first 7 pages. Just don't understand,
why would anyone care about weekly chart?....
Please be constructive, informative, or useful in some fashion.

Or go somewhere else.

PS,

The speed at which you can double an account, is the same speed at which you can decimate it. I hope it took you a while.
  • #2,633
  • Jul 3, 2009 4:21pm Jul 3, 2009 4:21pm
Hi CW,

Just came back from a bike ride with the wife (earned some points) and did not see any trades from you today... Did you enter a trade today?

Wishing everyone here a great weekend...and if you soak your charcoal with lighter fluid do not use a short little match to start your fire!
Unus pro omnibus, omnes pro uno
  • #2,634
  • Jul 3, 2009 4:22pm Jul 3, 2009 4:22pm
Quoting moneda
Hi CW,

Just came back from a bike ride with the wife (earned some points) and did not see any trades from you today... Did you enter a trade today?

Wishing everyone here a great weekend...and if you soak your charcoal with lighter fluid do not use a short little match to start your fire!

I bought China Light last night.....a utility - but that's about it. Pretty much b/e on that one.

CW
  • #2,635
  • Jul 3, 2009 4:28pm Jul 3, 2009 4:28pm
Quoting clockwork71
I bought China Light last night.....a utility - but that's about it. Pretty much b/e on that one.

CW
Okay, thanks... ufff! that is out of my league.... Have enough on my plate with Forex and a mining company that I have been long on for the last four years...and waiting.

Unus pro omnibus, omnes pro uno
  • #2,636
  • Jul 3, 2009 4:39pm Jul 3, 2009 4:39pm
CW earlier this week I put on 10 trades between S/R (support/resistance) moving SL (stops loss) according to plan.

3 trades turned profits. 6 returned losses. Failed to move stops according to plan on the 6 trades.

I had $800 credited to my account before hitting the sack. When I returned the fallowing morning I was looking at a $300 debit.

Lesson learned:
If you trade between SR (support/resistance) move stops to BE (break even) when trade moves above your original SL (stop loss) amount.

After the fact I recalled a comment you had made several pages back.

“If you are going to place trade between SR (support/resistance) then take your profits and get the H E double L out.

I have one trade still active.
The AUDNZD. This trade was put on after a bull pin formation located above the X .

In picture #1, stops was moved according to plan. I also put in a TP (take profit).

Then I recalled you saying many times “give your trade breathing room“.

In picture #2, I moved stops according to plan AND removed my TP (take profit) allowing this trade breathing room and a chance to run it’s course. For or against me.

For me lessons learned form the UOHK are ever lasting.
If you survive them.
University Of Hard Knocks.

ps: now CW, I already know…. you already know what S/R, SL BE and TP is:

Acronym List; For any of us new traders wanting them are found here:
http://www.forexfactory.com/showthread.php?t=163132
Attached Images
  • #2,637
  • Jul 3, 2009 4:39pm Jul 3, 2009 4:39pm
Blog updated. I was messing around with Camtasia 6.....

CW
  • #2,638
  • Jul 3, 2009 4:42pm Jul 3, 2009 4:42pm
Quoting ikki
I see very interesting Usd/CAD. 1.18 almost match with 50 fibo level. The previous candle seems like a pullback of April candle BEAR(almost a Black Closing Marubozu). I will wait a PA in 1.18 .....

thoughts?

I really, really, really want to see a signal in the 1.18-1.20 area. This is on my radar without a doubt.

CW
  • #2,639
  • Jul 3, 2009 5:06pm Jul 3, 2009 5:06pm
This is curious. We have the same pattern in GBP/USD like USD/CAD. The GBP/USD is in a box. Chris. Do you take also breakouts?. Maybe a break of the box in Gbp/USD and then support becomes resistence+PA. and boomm... Thoughts ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 74 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #2,640
  • Jul 3, 2009 5:33pm Jul 3, 2009 5:33pm
Quoting ikki
This is curious. We have the same pattern in GBP/USD like USD/CAD. The GBP/USD is in a box. Chris. Do you take also breakouts?. Maybe a break of the box in Gbp/USD and then support becomes resistence+PA. and boomm... Thoughts ?

Actually, yes. I take those trades at times. I have a method I call "Box Trading", that I haven't really mentioned here. It's for range-bound markets. (Which most are, most of the time....)

A little different approach than we have been talking about. I would put some things up on it, but I am still trying to get this thread cleaned up as it is. lol

CW
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