Silent Service Method | Page 199 | 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

  • #3,961
  • Jul 27, 2009 9:07pm Jul 27, 2009 9:07pm
[quote=whitegoodman;2907407]update on CBG i was looking at...

Im in Vegas and I cant say how it is everywhere else but we used to do around 1-3 TI's for CBRE per month. that stopped about 9 months ago if not more. We still talk to the manager that shot us all that work and she hasnt had a new renter in that amount of time. From what Ive read the commercial crash hasnt hit yet
  • #3,962
  • Jul 27, 2009 9:07pm Jul 27, 2009 9:07pm
everyone may have seen this one already with the stockchart screener:ntls and the 16 appears to be a significant level. I no nothing of this company. Maybe something to do with broadband?

http://stockcharts.com/h-sc/ui?s=NTL...d=p48488085038

http://stockcharts.com/h-sc/ui?s=NTL...d=p48488085038
Attached Image (click to enlarge)
Click to Enlarge Name: sc.png Size: 17 KB
  • #3,963
  • Jul 27, 2009 9:11pm Jul 27, 2009 9:11pm
Quoting clockwork71
I have never used Quotetrader, sorry.

It depends on what I am doing the next day if I have a pre set entry......A bracket order is one that has a buy and sell (or vice versa) if certain prices are met.

I do not have the stops working after hours, with the spread bouncing around......I don't want to get it hit when the market doesn't really justify it.
Thanks pal.
  • #3,964
  • Jul 27, 2009 10:00pm Jul 27, 2009 10:00pm
Quoting tac
What are you guys using for charting stocks? Is there a free charting package that does < end of day? Is there a MT4 broker that has all instruments, FXPro seems to have a few.
Maybe not all, but like FXPro, Broco, GCI & GTL MT4 has some too.
  • #3,965
  • Jul 27, 2009 10:02pm Jul 27, 2009 10:02pm
Quoting lowmach
Do you review the stocks charts the night before and place orders to be filled if price is met? Is this a bracket order on IB? or do you like to watch the action to enter your positions? Do you set your stops and take profit targets to execute after hours if applicable? Sorry i know this sounds like such basic stuff, but i would like to hear your take on it if you have a sec.

Thanks
-Lowmach
I too would be interested in hearing about this as Ive been having trouble or mispricings using the 'market if touched' order in Interactive Brokers.

What order do you use typically Chris?
Grabbing the bull by the horns!
  • #3,966
  • Jul 27, 2009 10:06pm Jul 27, 2009 10:06pm
[quote=kodflakes;2907438]
Quoting whitegoodman
update on CBG i was looking at...

Im in Vegas and I cant say how it is everywhere else but we used to do around 1-3 TI's for CBRE per month. that stopped about 9 months ago if not more. We still talk to the manager that shot us all that work and she hasnt had a new renter in that amount of time. From what Ive read the commercial crash hasnt hit yet
we are kinda expecting worse things in the US and a bit more stable around Australia/Asia Pacific. Alot of the 'cream' in the business has been skimmed off the top which is hurting bottom lines, with commercial sales and leasing transactions especially struggling.
Grabbing the bull by the horns!
  • #3,967
  • Jul 27, 2009 10:17pm Jul 27, 2009 10:17pm
Quoting whitegoodman
I too would be interested in hearing about this as Ive been having trouble or mispricings using the 'market if touched' order in Interactive Brokers.

What order do you use typically Chris?
I almost always use limit orders to get in, and stop orders to get out. Limit will only fill at your price. MIT literally just throws out a market order if a specific price gets hit.
  • #3,968
  • Jul 27, 2009 10:18pm Jul 27, 2009 10:18pm
Quoting supremeChaos
Maybe not all, but like FXPro, Broco, GCI & GTL MT4 has some too.

I don't recommend trading stocks on MT4 brokers that don't actually hold the stocks for you. (Why trade them when it's just as easy to buy the real thing.) However, these are really good at paper trading.

Chris
  • #3,969
  • Jul 27, 2009 10:38pm Jul 27, 2009 10:38pm
jpm has a big reversal bar at a recent high test area:
Attached Image (click to enlarge)
Click to Enlarge Name: jpm.png Size: 15 KB
  • #3,970
  • Jul 27, 2009 11:03pm Jul 27, 2009 11:03pm
Quoting clockwork71
I almost always use limit orders to get in, and stop orders to get out. Limit will only fill at your price. MIT literally just throws out a market order if a specific price gets hit.
so what say the price is $8.50 you want to buy when it hits say $8.75...

you put a 'Limit if touched' order with the trigger price at $8.75 and the limit price at $8.70?? and then attach a bracket order for stop loss and take profit?
Grabbing the bull by the horns!
  • #3,971
  • Jul 27, 2009 11:57pm Jul 27, 2009 11:57pm
stop limit order. You should specify the stop price and a limit price. Once the stop price 8.75 is hit , it will send out a limit order for the limit price u specify.
Quoting whitegoodman
so what say the price is $8.50 you want to buy when it hits say $8.75...

you put a 'Limit if touched' order with the trigger price at $8.75 and the limit price at $8.70?? and then attach a bracket order for stop loss and take profit?
  • #3,972
  • Jul 28, 2009 12:25am Jul 28, 2009 12:25am
So did anyone catch this freight train
Attached Image (click to enlarge)
Click to Enlarge Name: activisionblizzard.png Size: 43 KB
  • #3,973
  • Jul 28, 2009 12:35am Jul 28, 2009 12:35am
Looks like all Pairs are also on holiday.........none seems trabeable from a long term point of view from what i see.................but when they break.....i should expect so solid moves............PATIENCE PATIENCE PATIENCE
  • #3,974
  • Jul 28, 2009 12:41am Jul 28, 2009 12:41am
Quoting kodflakes
So did anyone catch this freight train
been in since the break of the weekly bullish flag.
  • #3,975
  • Jul 28, 2009 2:49am Jul 28, 2009 2:49am
Quoting clockwork71
I don't recommend trading stocks on MT4 brokers that don't actually hold the stocks for you. (Why trade them when it's just as easy to buy the real thing.) However, these are really good at paper trading.
Chris
yes, i meant mainly for demo.
  • #3,976
  • Jul 28, 2009 3:15am Jul 28, 2009 3:15am
Hi,

I'm always interested to see what methods traders use to narrow down choices as to what stocks to monitor and what research they use to get them on their watch list.

Now I usually pick companies from a toplist on a site like advfn and look at my charts to see If a recent mover is good for a buy or a sell, using TA.

I know that many people don't look at the fundamentals of a company when using price pattens etc (although using them together never hurts) so how with the thousands of different products to peruse do you narrow down your picks and find the pin bar in the haystack?
  • #3,977
  • Jul 28, 2009 5:33am Jul 28, 2009 5:33am
Quoting Siam
Hi,

I'm always interested to see what methods traders use to narrow down choices as to what stocks to monitor and what research they use to get them on their watch list.

Now I usually pick companies from a toplist on a site like advfn and look at my charts to see If a recent mover is good for a buy or a sell, using TA.

I know that many people don't look at the fundamentals of a company when using price pattens etc (although using them together never hurts) so how with the thousands of different products to peruse do you narrow down your picks...

I use the stockcharts.com stock screener
  • #3,978
  • Jul 28, 2009 5:44am Jul 28, 2009 5:44am
Quoting Siam
Hi,

I'm always interested to see what methods traders use to narrow down choices as to what stocks to monitor and what research they use to get them on their watch list.

Now I usually pick companies from a toplist on a site like advfn and look at my charts to see If a recent mover is good for a buy or a sell, using TA.

I know that many people don't look at the fundamentals of a company when using price pattens etc (although using them together never hurts) so how with the thousands of different products to peruse do you narrow down your...
Two answers to your question(s)

1) Pin bars are immune (to an extent) to good or bad companies. A correctly formed pin bar at the correct location when broken will usually result in a good trade. Pin bar size in relation to previous bars and price level being rejected and LOCATION are a good guide to look out for.

Pin bars show that a certain price level is being rejected for one of many reasons (cycle high/low, fundamental news, etc). Often times we usually come back and re-test this level. However, for stock trading you need to be aware that some funds (SAS as a good example) usually sell hard to drive prices down prior to loading up on the long side. A good understanding of level 2 trading is very handy here.

2) There are many investment strategies when it comes to stocks. Ideally you want to be trading a group of stocks that you understand (tech, pharm etc). A good site for filtering out good from bad is http://www.investors.com/default.aspx.

Another excellent site for filtering out bad/good companies is http://www.stockdiagnostics.com/.

Have fun and happy trading.

Z
  • #3,979
  • Edited 8:56am Jul 28, 2009 6:33am | Edited 8:56am
Hi lowmach,

You're welcome for the feedback and thanks for the compliment about my charts b-t-w.

And while I wait for a setup this morning, I'm thinking about fib drawing - w/a trick or two that you may already know. Whatever the case may be I believe it'd augment your fib drawing as well. So I hope it's obvious enough to register and work for you or anyone here somehow.

My example:

* Starting w/a Daily's historical sweep on the E/J, which goes about a year back (on an Oanda chart) I draw the fib from its swing high (170) to low (112).

* My second chart will show it and a new fib that I'll draw, which ought span the distance (0 - 100%) between the first fib's 61.8 to 100% <-[corrected]. This does at least two things that honor the Silent Service Method:

1.) more PA or "What" taken into account and

2.) b/c that's "Where" price is at present (within a major zone or below resistance in this case) so you're more aware of market structure

and perhaps now

3.) pinbars and other patterns stand-out more readily, with greater significance

Note: The second fib should be drawn in the direction of the predominant trend; in this case, from the 61.8 to 100% <-[corrected] on the first fib. If price breaks through the second fib's 0% and zone, then you may have an indication of a true reversal of the predominant trend.

* Then I'll zoom-in to see how it looks ... and what I'm looking for is if it "fits" with the Price Action, which it usually, if not always does.

* I generally don't plot fibs on a TF lower than a 3H chart, b/c their weight is far less than these higher TFs, as we've noted. This time I attached it for you to see the PA and fibs with more granularity.

So it seemed to me that you have enough interest in fibs that you'd appreciate something like this. I found it awhile ago, when I first started playing with fibs and tooting my own horn Anyway, this technique on the charts is how I keep it simple and obvious with the fibs, which methinks complements the Silent Service Method in that light. Try it and let me know, if you would.

[I still haven't found a way to convert the .pdf for automatically displaying in the post, w/o you having to open or save it. Any suggestions from you or anyone is welcome; I have a G5 Mac here... ]
Attached File(s)
File Type: pdf Chart 1:Daily:EurJpy.pdf   63 KB | 307 downloads
File Type: pdf Chart 2:Daily:EurJpy.pdf   69 KB | 284 downloads
File Type: pdf Chart 3:3H:EurJpy.pdf   65 KB | 332 downloads
  • #3,980
  • Jul 28, 2009 8:38am Jul 28, 2009 8:38am
I thought people could get shot for wearing boston hats in ohio
Site looks good
52 traders viewing now