Silent Service Method | Page 164 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Silent room 2 replies

Silent Success of Patience 10 replies

My silent journal 4 replies

bo7a method... method for GBP/JPY 205 replies

Seeing Through the Silent Crash 4 replies

Attachments: Silent Service Method
Exit Attachments

Silent Service Method

  • #3,261
  • Jul 17, 2009 5:53am Jul 17, 2009 5:53am
Quoting stefx
Seconded.

Even if you start with 5000 and making 3% a month the account would be grown as shown in the table at the end of each year.

[font=Courier New]...
Nice post.
  • #3,262
  • Jul 17, 2009 5:55am Jul 17, 2009 5:55am
Quoting tormo
Clockwork,

i've been making compounding spreadsheets recently and have a goal of 4-5% a month which is around 200-250 pips per month.(for me)

I know you've made lots of spreadsheets before and can you explain a little how accurate is this information and can it be followed consistently on a month to month basis and what is (if any) the main problem in planning lets say the next 5-8 years this way? Is it realistic, have you personally followed a plan similar to this and what have you concluded?


[b]Also, this is all considering you have...
No, it's not. And I will tell you why: No matter how consistent you are, the market isn't. Some months offer better set ups than others. The best thing you can do is figure out your "average", and base it off of that.

My goal per month is simply to be profitable. It takes a lot of pressure off.

CW
  • #3,263
  • Jul 17, 2009 6:58am Jul 17, 2009 6:58am
Quoting clockwork71

My goal per month is simply to be profitable. It takes a lot of pressure off.

CW
Agreed....
I think when people start trading they see a lot of numbers & play with spreadsheets. WOW if I just maintain 4% a month I will be rich in 10 years.....
When the consistancy is not met they start playing with more numbers & changing trade plans to try & make it work. It starts to become somewhat self-defeating.

What Chris says is spot on. When you stop worrying about maintaining your %/month & concentrate on doing the best with each trade, the numbers tend to take care of themselves. Some months will be better than others & some years will be better than others.
Just keeping your eye on the ball/trade at hand makes trading less stressfull
  • #3,264
  • Edited 7:48am Jul 17, 2009 7:48am | Edited 7:48am
Quoting clockwork71
No, it's not. And I will tell you why: No matter how consistent you are, the market isn't. Some months offer better set ups than others. The best thing you can do is figure out your "average", and base it off of that.

My goal per month is simply to be profitable. It takes a lot of pressure off.

CW

Hey Clockwork, regarding consistency. Is there a time if you have absolute discipline that you are sure a trade will be a success? Or are all trades a spin of the wheel, so to speak. I understand the concept of probability, but do you ever have moments when you feel its a given.

By the way, your training videos are great. Hope you don't leave us for Hollywood!

A51
  • #3,265
  • Jul 17, 2009 7:57am Jul 17, 2009 7:57am
As far as setups, I've seen a lot of inside bars but as one wise man said-It's a flopping turd right now. lol


By the way, I've had a crappy time with the markets the past 3 weeks with my intraday trading. I'm glad I found this thread and would hope that the experienced vets in this thread feel free to chime in when I come up with a brilliant question. lol
  • #3,266
  • Jul 17, 2009 8:47am Jul 17, 2009 8:47am
Quoting Area51
Hey Clockwork, regarding consistency. Is there a time if you have absolute discipline that you are sure a trade will be a success? Or are all trades a spin of the wheel, so to speak. I understand the concept of probability, but do you ever have moments when you feel its a given.

By the way, your training videos are great. Hope you don't leave us for Hollywood!

A51
If I may,
looking at a trade as a SURE thing leads to greed. If its a sure thing to be a success then risk 100%.

lets me ask the question.. how do you define a successful trade?
Is it when you make X$ or pips or 5-6%, or is it when you follow your trade plan & well defined rules for a particular trade?
All trades are just probabilities. As such I treat them all the same. when a true understanding of this is realized then %r becomes easier to trade & the % risked on each trade is easier to accept.
ie, wins & losses are just part of the plan. when we trade consistantly,when we follow our plans, this leads to success in this business in my opinion..
  • #3,267
  • Jul 17, 2009 9:06am Jul 17, 2009 9:06am
Quoting rustyjeff
Agreed....
I think when people start trading they see a lot of numbers & play with spreadsheets....

A bit of Captain Morgan's Spiced Rum doesn't hurt either...



I am thinking I may go "Sailing with the Captain" Saturday.
  • #3,268
  • Jul 17, 2009 9:08am Jul 17, 2009 9:08am
Quoting Area51
Hey Clockwork, regarding consistency. Is there a time if you have absolute discipline that you are sure a trade will be a success? Or are all trades a spin of the wheel, so to speak. I understand the concept of probability, but do you ever have moments when you feel its a given.

By the way, your training videos are great. Hope you don't leave us for Hollywood!

A51
As far as leaving for Hollywood, don't worry I have a face for radio.....so no chance of that.

As far as a sure thing, yes - I feel that way occasionally, but it's very, very, very rare.

Of course, it's not always correct.

Not much is a sure thing. The best thing you can do is forget about the worry....
  • #3,269
  • Jul 17, 2009 9:20am Jul 17, 2009 9:20am
Quoting clockwork71
A bit of Captain Morgan's Spiced Rum doesn't hurt either...



I am thinking I may go "Sailing with the Captain" Saturday.

I have the Goslings here. Bermuda spiced rum. + ginger beer = Dark'n stormy..
  • #3,270
  • Jul 17, 2009 9:32am Jul 17, 2009 9:32am
Quoting calderone
....I've had a crappy time with the markets the past 3 weeks with my intraday trading.
Giving up intraday trading was the best thing I ever did. You're in the right place, welcome.

Less stress, better results. It's hard to beat that.
  • #3,271
  • Jul 17, 2009 9:35am Jul 17, 2009 9:35am
Quoting Low
Giving up intraday trading was the best thing I ever did. You're in the right place, welcome.

Less stress, better results. It's hard to beat that.
Thanks!

Has anyone wondered what in the sam blue hell is going on with usd/cad? lol
  • #3,272
  • Jul 17, 2009 9:37am Jul 17, 2009 9:37am
Quoting calderone
Thanks!

Has anyone wondered what in the sam blue hell is going on with usd/cad? lol

My weekly chart shows the next support around 1.08-1.09. I'd wait until price gets there, and then see if she gives any hints.
  • #3,273
  • Jul 17, 2009 9:44am Jul 17, 2009 9:44am
Quoting Low
My weekly chart shows the next support around 1.08-1.09. I'd wait until price gets there, and then see if she gives any hints.

Thanks! The chart I was reading wasn't telling me anything. Needless to say I will be drawing my new charts Sunday.

I am going to spend the rest of the day, clearing my desk of all the crap and cleaning up my charts.

I will hopefully have a chart to put up in the coming days.
  • #3,274
  • Jul 17, 2009 12:44pm Jul 17, 2009 12:44pm
Quoting clockwork71
Don't sweat it. There are pointless weeks from time to time. Save your cash if it isn't worth getting involved in. This is a major difference between winners and losers.

Remember, it's not the amount of trades that will reward you, it's the quality.

CW
just another great advice from Cw..
thx again
  • #3,275
  • Jul 17, 2009 1:57pm Jul 17, 2009 1:57pm
Does anybody know how to "clone" or "copy" an existing chart in MT4?

I'm trying to reorganize my charting so that I have a profile for each instrument that opens with 4 charts, monthly, weekly, daily, and H4. I want to draw my SR zones on one, then duplicate it instead of drawing the same lines on each TF.

Is this possible?

Thx.
  • #3,276
  • Jul 17, 2009 2:07pm Jul 17, 2009 2:07pm
Go to Charts > Template > Save templates.

I hope that could help you



Quoting Low
Does anybody know how to "clone" or "copy" an existing chart in MT4?

I'm trying to reorganize my charting so that I have a profile for each instrument that opens with 4 charts, monthly, weekly, daily, and H4. I want to draw my SR zones on one, then duplicate it instead of drawing the same lines on each TF.

Is this possible?

Thx.
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #3,277
  • Jul 17, 2009 2:37pm Jul 17, 2009 2:37pm
Quoting Low
Does anybody know how to "clone" or "copy" an existing chart in MT4?
Either as ikki mentioned via save/load template or with my attached scripts. Remember that you can save a template with the name default. If you have such, each new chart you open will automatically use this template.

If you want to transfer the objects then execute first the script save objects on the chart which has the lines you like to be restored, then open the new chart in the profile of your choice and execute the load objects scripts. Works very well for me.

Hope this helps, nice weekend all.

stefx.
Attached File(s)
File Type: mq4 Load Objects.mq4   3 KB | 301 downloads
File Type: mq4 Save Objects.mq4   3 KB | 281 downloads
10 x 100 = 100 x 10, stefx, retired scalper.
  • #3,278
  • Jul 17, 2009 3:09pm Jul 17, 2009 3:09pm
Quoting stefx
Either as ikki mentioned via save/load template or with my attached scripts. Remember that you can save a template with the name default. If you have such, each new chart you open will automatically use this template.

If you want to transfer the objects then execute first the script save objects on the chart which has the lines you like to be restored, then open the new chart in the profile of your choice and execute the load objects scripts. Works very well for me.

Hope this helps, nice weekend all.

stefx.
Sweet! Thanks stefx
  • #3,279
  • Jul 17, 2009 3:10pm Jul 17, 2009 3:10pm
Quoting calderone
Thanks! The chart I was reading wasn't telling me anything. Needless to say I will be drawing my new charts Sunday.

I am going to spend the rest of the day, clearing my desk of all the crap and cleaning up my charts.

I will hopefully have a chart to put up in the coming days.

By the way, NEVER feel bashful about posting a chart. Anyone who is rude about your analysis will be bounced.

Take your time.....that's what the method, thread, and life is all about.

CW
  • #3,280
  • Jul 17, 2009 3:31pm Jul 17, 2009 3:31pm
Just want to say THANKS for the best methodology thread on the forum.

Have a great weekend people!
Brent
8 traders viewing now