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Silent Service Method

  • #3,481
  • Jul 20, 2009 8:07pm Jul 20, 2009 8:07pm
Would you enter at the break of the IB or the pin?
Quoting whitegoodman
GEF trade is still there to be taken, low volume on the move up last night(today for some), producing an inside bar... still looking for a break down...
  • #3,482
  • Jul 20, 2009 8:09pm Jul 20, 2009 8:09pm
This is a small trade I took to test a "zone".....
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  • #3,483
  • Edited 8:33pm Jul 20, 2009 8:11pm | Edited 8:33pm
oops... user error
  • #3,484
  • Jul 20, 2009 8:12pm Jul 20, 2009 8:12pm
Quoting SaepeExertus
EURJPY
This is a trade I put on Sunday night before going to bed.
I moved my stops and was taken out with +50 pips. (say that’s half a hundred)
I will be looking for another long entry.
Hi-

i was actually looking to short that h4 pin bar(the one at your green entry line). it looked like a double top at a significant level (133) and it had divergence at the candle close(Friday evening). Market opened this week and engulfed it with a bullish bar. so no sell for me obviously...

What price action prompted your entry? Just trying to learn here.

Thanks
-low
  • #3,485
  • Jul 20, 2009 8:35pm Jul 20, 2009 8:35pm
Quote
I dont really understand what a FF partner actually means, does FF get a rebate or fee from J16?

I dont see the problem with Chris having his own private site, if your saying he lacks originality, then you could throw the same stone at J16 for utilising Pring ideas... nothing is ever really original, it all just comes down to teaching ability and committment to members/customers.

One way to resolve would be to keep this thread open but no-one link to a private site or mention it... but yeh I dunno how they will manage this one, but theres an...
Quoted from this post http://www.forexfactory.com/showpost...postcount=3474

It is this kind of bad and mis-information that causes bad feelings and misunderstandings.

To set the record straight:

1. Merlin strongly suggested to James to start the Private forum and Jim turned him down for 3 months, until FF finally convinced him to do it. Note that FF never charged any money to host the PF nor did Jim ever pay any tribute for the space. It was and is a symbiotic relationship that ultimately benefits those who wish to learn trading from a reputable source.

2. FF gets absolutely NO financial reward of ANY KIND from any FF Partner. that entire system was devised to help new traders filter out those who are qualified.

3. In the very beginning of Jim's discussions, when you read the private forum , he gives credit to Pring for the PIN bar and other things and goes on to say that he posts this material with Martin's blessings.

Please let us stick to the ACTUAL FACTS. thanks much.

If Chris wants his own site and can help others, I would like to be counted among those who wish him the best and I know he would be an excellent teacher for trading material.

I don't post much anymore, but I just wanted to take a moment and make sure that we are being accurate here from the facts.

And yes, as a past moderator of FF and good friend of both Merlin and Jim, I think I am qualified to speak from experience. I have never seen a site anywhere on the internet with more integrity than Forex Factory and this sort of half truth and fabrication of facts alarms me.

thanks for the space, Scott
  • #3,486
  • Jul 20, 2009 8:37pm Jul 20, 2009 8:37pm
Quoting clockwork71
This is a small trade I took to test a "zone".....
man that chart is so close the ej h4 chart i am stalking it is scary....

so the pin bar breakdown adds confidence to a short but not a short signal by its self?

this was what i wondered about the other users post... on why he entered long right as the pin bar failed.

thanks
-low
  • #3,487
  • Jul 20, 2009 8:39pm Jul 20, 2009 8:39pm
FF gets nothing from me white. never has.

guys all of you are thinking like FF is some family operation.

Its a corporation that has rules to keep this place manageable and conduscive to new people to forex and as a result allow for a good advertising income. this is a business not a fairness test. if you have shown yourself over time to be an asset to this place and a draw with proven integrity then you get some slack but it doesnt happen overnight.

like sto said... chris made a mistake but im sure it will be resolved and this thread will carry on.

let me state again that i consider chris my friend.

he has done a couple of things over the last month that have made me scratch my head a bit but we all have our "times" dont we?

jim







Quoting whitegoodman
I dont really understand what a FF partner actually means, does FF get a rebate or fee from J16?

I dont see the problem with Chris having his own private site, if your saying he lacks originality, then you could throw the same stone at J16 for utilising Pring ideas... nothing is ever really original, it all just comes down to teaching ability and committment to members/customers.

One way to resolve would be to keep this thread open but no-one link to a private site or mention it... but yeh I dunno how they will manage this one, but theres an...
  • #3,488
  • Jul 20, 2009 8:40pm Jul 20, 2009 8:40pm
Chris,

Please let me know your thoughts on this hongkong stock. all it is is just a bearish bar , but at the right place.
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  • #3,489
  • Jul 20, 2009 8:43pm Jul 20, 2009 8:43pm
thank you my esteemed friend.

there are still a few left from those days that know the truth.

looks like mr c is back.

jim

Quoting smjones
Quoted from this post http://www.forexfactory.com/showpost...postcount=3474

It is this kind of bad and mis-information that causes bad feelings and misunderstandings.

To set the record straight:

1. Merlin strongly suggested to James to start the Private forum and Jim turned him down for 3 months, until FF finally convinced him to do it. Note that FF never charged any money to host the PF nor did Jim ever pay any tribute for the space. It was and is a symbiotic relationship that ultimately benefits those who wish to learn...
  • #3,490
  • Jul 20, 2009 9:34pm Jul 20, 2009 9:34pm
I don't know much about Chris & his proposed paid service, & i havent read much of his posts. but i do know there are a lot of whiners on earth & within FF.

The manner at which clockwork went about the process (transition to/adding paid service) maybe a little off, but that is not the meat of my post.

why can't someone progress from giving free info to having a paid service? do most people really need to abhor this?
if it takes a lot of his time & effort, & if he is dedicated & good enough to teach&serve, why can't he command a fee?
i think it's hypocritical if someone says he wont do the same thing or at least entertain the idea of having/forming a paid service if he/she fits the good bill. there are a lot more people who dont fit this bill & yet charge exorbitant fees.

it seems like the uproar stems from the Fear of Loss of something good, beneficial & free. well, this thread, like several other FF threads are free & got lots of good material to learn from.

i'm fairly surprised that crab mentality is quite prevalent outside my country.

I wish him the best of luck in his intended endeavor.
Chris, if u are doing a good thing, u have nothing to worry about.
  • #3,491
  • Jul 20, 2009 9:35pm Jul 20, 2009 9:35pm
I like the chart for one of two things:

If it breaks short, and clears that little gap.....it is a clear short with clear areas.

If it breaks higher, and retraces.....I would like it as a breakout play.

However, if you are an American, you will find shorting the Hang Seng damn near impossible. (It has something to do with not being able to borrow shares.)

Maybe I should start a Hang Seng thread somewhere......It would probably just be you and I.

Of course, you can always paper trade it for practice.....

I see there is a pullback tonight in the HK markets....makes sense after the barn burner of a session yesterday.

Chris
  • #3,492
  • Jul 20, 2009 10:02pm Jul 20, 2009 10:02pm
Hi Chris,

i realized how difficult it is to short HKEX stocks today. I've placed an order and it came back with "we will find stocks to short " and its been more than 30 minutes.

I have been following hongkong stocks after reading your thread. I'm following australian stocks as well. But havent' taken any live trades yet outside U.S exchanges.

Quoting clockwork71
I like the chart for one of two things:
Chris
  • #3,493
  • Jul 20, 2009 10:08pm Jul 20, 2009 10:08pm
I believe that if you have an Institutional account you can short much easier. I know that I don't have an issues shorting in Europe.....but for some reason Asia is bad for it.

I also know that some HK stocks have minimums you can trade.....some are as high as 2,000 shares.

I actually trade HK mainly because of two reasons:

A) It's Chinese (Any "H-Share" is actually a mainland company listed in HK)

B) The HKD is pegged to the USD, which means I will never lose much if anything at all when I convert back to US Dollars, makes life easier. Nothing is worse than making a profit, only to lose some of it on the way back home because the damn Euro has gone up, for example.

Chris
  • #3,494
  • Jul 20, 2009 10:10pm Jul 20, 2009 10:10pm
Quoting smjones
It is this kind of bad and mis-information that causes bad feelings and misunderstandings.
I wasn't stating anything as fact, it was a question, as I didn't understand what a FF partner actually meant
Grabbing the bull by the horns!
  • #3,495
  • Jul 20, 2009 10:31pm Jul 20, 2009 10:31pm
Quoting cheelu
Would you enter at the break of the IB or the pin?
im personally still looking for the break of the pin and the 49.00 number... this may be wrong but my zone is 49.00 - 51.00 (midpoint 50.00) and the pins low is around 49.00 so looking for a break of that...

there is still around 1:3 risk reward entering at that price from what I can see...
Grabbing the bull by the horns!
  • #3,496
  • Jul 20, 2009 10:42pm Jul 20, 2009 10:42pm
All the stocks on my watch list for tomm are short setups only.
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  • #3,497
  • Jul 20, 2009 10:47pm Jul 20, 2009 10:47pm
Quoting cheelu
All the stocks on my watch list for tomm are short setups only.
MECH looks the best out of that lot, thanks for the heads up again
Grabbing the bull by the horns!
  • #3,498
  • Jul 20, 2009 10:49pm Jul 20, 2009 10:49pm
Quoting james16
i hope the best for my friend cw71.

lets get a few things clear though.

1. i never asked for my blantant adverising signature. that was given to me with no request on my part.

2. my preferred partner status allows me some priveleges. i never asked for it either.

3. my site was forex factorys idea. merlin suggested it via email. i said no for 3 months before agreeing. it became what it is today not from some preconcieved business plan. it is what it is because of succesful people like clock.

i will personally do what i can to get clock...

Well said.............
-happyTrading-myFx.
  • #3,499
  • Jul 20, 2009 11:02pm Jul 20, 2009 11:02pm
cheelu,
nice charts...
PA & volume-wise, i like USU & MEOH. ARRS seems to be in a range & got immediate traffic below that current price. SUFG's got low volume, not sure if that's a + or - for it.
  • #3,500
  • Jul 20, 2009 11:41pm Jul 20, 2009 11:41pm
Well looks like the AY is done pulling back so Im going long here. We have the close of a 4hr coming in about 15 minutes Higher Highs/lows and not break of the S/R zone so Im looking for some sleepy pips. Have a great time trading everyone
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