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Silent Service Method

  • #2,781
  • Jul 7, 2009 12:34am Jul 7, 2009 12:34am
Quoting clockwork71
I just uploaded 25 minutes of me trying to answer this question. Longest audio bit I have ever done. (Blog updated)

CW
Hey CW-
Thanks for taking the time to allow us learn a little about you and your style. It didn't seem like rambling to me and certainly no need to apologize for the length. Much appreciated!
Those that are honest and straightforward in this realm are few and far between. I for one am glad I ran across you and your thread.
I'm still in the learning curve.
Nanook of the North
  • #2,782
  • Jul 7, 2009 3:07am Jul 7, 2009 3:07am
Oh really, so clock, u pay IB monthly market data fees for each market you chose to trade?
  • #2,783
  • Jul 7, 2009 3:11am Jul 7, 2009 3:11am
Quoting clockwork71
I just uploaded 25 minutes of me trying to answer this question. Longest audio bit I have ever done. (Blog updated)

CW
Thanks CW will listen to it on my new Iphone tonight, as well as the rest of the blog entries. What I have heard so far continues from the great stuff on J16 PF. Very clear and very straightforward. I also have been reading through the thread and it is excellent, sorry again about my earlier comments I was having a bad week.
Economists have forecast 9 out of the last 5 recessions
  • #2,784
  • Jul 7, 2009 3:14am Jul 7, 2009 3:14am
Quoting clockwork71
I hope this chart helps.
with this 2-day pinbar it looks even muddier
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  • #2,785
  • Jul 7, 2009 3:43am Jul 7, 2009 3:43am
here is a possible reversal scenario...
When i get in a trade against recent move,i'd like to see some facts below...

1.The S/R that i think might be a reversal has two strong levels matching...
a.)previous S/R level
b.)last exp.of swing traders (most fib traders use 1.618 as a final tp target)

2.Clear divergence on Macd

3.Price action at that level...

p.s:on the second chart look how price found support on 100 fib expansion level before it made its way up..
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  • #2,786
  • Jul 7, 2009 4:07am Jul 7, 2009 4:07am
another story....
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  • #2,787
  • Jul 7, 2009 5:07am Jul 7, 2009 5:07am
Quoting clockwork71
That's a good question. I believe you can skip the market data. I could be wrong though, I would call them. Plus, you will be using IB Oz, which in theory could be different.

CW
i think so too. also i believe if you have commisions of some minimum level per month (maybe $20) the fee for us market data is waived.

can look on IB website and see.
"Money is easy to make, but hard to keep" - FWV 1975
  • #2,788
  • Jul 7, 2009 5:27am Jul 7, 2009 5:27am
Quoting hel13rock
Good free ebook I found somewhere else on this forum. I especially like the bit about patience and deerstalking... reminds me of, erm, submarines...
This was a good read, thanks for posting -
submarines now there's a tangent...
  • #2,789
  • Jul 7, 2009 6:13am Jul 7, 2009 6:13am
Quoting bjohn34
i think so too. also i believe if you have commisions of some minimum level per month (maybe $20) the fee for us market data is waived.

can look on IB website and see.

I know for the US data. if you spend $30 in comm. it's free. If not, I have to pay $10.
  • #2,790
  • Jul 7, 2009 6:16am Jul 7, 2009 6:16am
Quoting Mr Smith
Oh really, so clock, u pay IB monthly market data fees for each market you chose to trade?
Yes, except the US which is free if I spend 30/month in comm.

I also pay 200 HKD/ month for HKSE. The ultra cheap commissions more than make up for it.

For example, at the NYSE, I only pay $2 round turn. Most people are paying $16 or more.

Forex is free.
  • #2,791
  • Jul 7, 2009 7:49am Jul 7, 2009 7:49am
CW
Were right around your 7500 level on GC are you looking at still?
  • #2,792
  • Jul 7, 2009 8:45am Jul 7, 2009 8:45am
Quoting kodflakes
CW
Were right around your 7500 level on GC are you looking at still?

I am watching it, yes.
  • #2,793
  • Jul 7, 2009 9:04am Jul 7, 2009 9:04am
Quoting leis
This was a good read, thanks for posting -
submarines now there's a tangent...
Not if you've read the first post of this thread
  • #2,794
  • Jul 7, 2009 9:12am Jul 7, 2009 9:12am
Quoting clockwork71
I am watching it, yes.
http://www.doyletics.com/images/b5redthk.jpg

Where was that link about submarines btw?
Cant seem to find it.
Thanks!
  • #2,795
  • Jul 7, 2009 9:44am Jul 7, 2009 9:44am
For those of you interested - I am currently short MSFT, and HPQ (via selling calls). You should be able to see why if you grab a chart of them.

I am going to this place ( http://www.columbuszoo.com ) for a few hours while my money (hopefully) works for me, and not against me!

This is the best way to trade - walk away and do something a little more interesting.

CW
  • #2,796
  • Jul 7, 2009 11:44am Jul 7, 2009 11:44am
Quoting clockwork71
For those of you interested - I am currently short MSFT, and HPQ (via selling calls). You should be able to see why if you grab a chart of them.

I am going to this place ( http://www.columbuszoo.com ) for a few hours while my money (hopefully) works for me, and not against me!

This is the best way to trade - walk away and do something a little more interesting.

CW
Great looking stocks I hope you profit from them and enjoy yourself at the zoo ^_^ .
  • #2,797
  • Jul 7, 2009 11:51am Jul 7, 2009 11:51am
Quoting clockwork71
Yes, except the US which is free if I spend 30/month in comm.

I also pay 200 HKD/ month for HKSE. The ultra cheap commissions more than make up for it.

For example, at the NYSE, I only pay $2 round turn. Most people are paying $16 or more.

Forex is free.
CW -

You trade HK stocks too? I trade Chinese company H shares on HK exchange, Have been mostly in commodity companies lately. Coal, steel. water and agriculture.

I lived in China for a long time so I think I have a better feel for China than most. But i still get fooled sometime.
"Money is easy to make, but hard to keep" - FWV 1975
  • #2,798
  • Jul 7, 2009 12:41pm Jul 7, 2009 12:41pm
Hi ya CW,

I just wanted to say thanks for the last couple of things you put on your Blog they were of great benefit to me..

The vid's were great as they helped myself with what you are actually looking at when putting the S/R lines on the charts....

and also the podcast was great as it helped me to understand and put things into perspective with myself and my trading and also not to beat myself up over not having the huge funds they go on about needing to get a decent return..

much appreciated

Adrian
  • #2,799
  • Jul 7, 2009 1:02pm Jul 7, 2009 1:02pm
Quoting aarangio
Hi ya CW,

I just wanted to say thanks for the last couple of things you put on your Blog they were of great benefit to me..

The vid's were great as they helped myself with what you are actually looking at when putting the S/R lines on the charts....

and also the podcast was great as it helped me to understand and put things into perspective with myself and my trading and also not to beat myself up over not having the huge funds they go on about needing to get a decent return..

much appreciated
Adrian
I am glad it helped. To be honest, that's one of the killers for traders: It's hard to be excited about making $25. It takes a lot of self-study, and self-evaluation to get to even that point. It takes time, and takes frustration to get there. And when you are there - it still isn't enough to make a living on.

It takes time. I cannot repeat that enough. It's not a get rich quick deal, even if they advertise it as such. This is the biggest obstacle for people I believe - lack of funds. If you add as you gain though, it can turn into something nice.

CW
  • #2,800
  • Jul 7, 2009 1:02pm Jul 7, 2009 1:02pm
Man, I started reading this thread and..what a ripoff!

Everything I'm reading I already know myself dude! What's up with that!

Can't you reinvent this stuff or something? Seriously, where's the joy!
Just look at all those awesome pair titled threads(GBPUSD! The cable thread! EURUSD! USDJPY!) and "Newstrading with Jack and Jill".
THEY know how to please the populace! New stuff every day I can barely comprehend, charts I can't make sense of and, most importantly, tons and tons of contradictory input. Man, I gotta say, you really totally suck at this thread making thing! Clean, legible, sensible advice is just a total no-go man, total no-go!
You gotta wise up, or you'll never be able to compete with them!

Sheesh, and one woulda thought with your amount of posts you woulda been around a bit!


....


Yea.


So anyhow, didn't even realize this existed. Seems like a compressed "core ideas of (*coughJ16cough*) trading" thing by the look of the first couple of posts. Sure you and the almost-40k-post-monster aren't competing?
Don't worry about becoming an alternative, the way things make sense and are worth repeating you'll soon enough end up in the thousands as well, reposting old truths a million times to people unwilling to read from post 1 on as well...best give up while you still can! ;p

Seriously though - I hope someone said thanks, I doubt many people know just what they get(with this thread).

Hugsy-wugsies!

- Seek
Trust price. Know yourself.
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