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Silent Service Method

  • #4,681
  • Aug 17, 2009 12:02am Aug 17, 2009 12:02am
Quoting calderone
Does it vary depending on your broker?
It's not a broker difference.

I just know gaps like to close. Most of the time.
  • #4,682
  • Aug 17, 2009 2:09am Aug 17, 2009 2:09am
Quoting Low
Anybody notice all the gaps tonight?

I've got three in my favor, but it makes me suspicious.

Wondering if I should start closing, or just have a little faith.

usdcad: long

nzdusd: short

gbpusd: short
Hi Low,

I see the gaps but I don't know if that's in accord with your trade plan and a risk you really accept or if you've noticed that gaps can also reveal a price handle that can be a good reference to add...

Now I don't like to give up profits but if I were in those trades, given that I got in on the swing side of them, I would either move my S/L to the nearest area of confluence (on the same TF that I entered the trade) or would have a predefined T/P that I'd hold to - since the trades are relatively counter-trend. However, if I really had an indication that the trade just wasn't going to work-out, then I'd close it w/o hesitation or attachment.

S
  • #4,683
  • Aug 17, 2009 2:17am Aug 17, 2009 2:17am
Calderone, did you get a good entry on your Nzd?

If you're in it don't let the layers of support below shake you out of the trade, wait until you get a clear sign to close!
  • #4,684
  • Aug 17, 2009 2:27am Aug 17, 2009 2:27am
For those of you unfamiliar with Oanda, the little arrows are the entry, pointing the direction of the trade, the red lines are the stops.


So here's my trades:

http://i32.tinypic.com/maujgi.png

http://i25.tinypic.com/2rgi5ag.png

http://i28.tinypic.com/vno4tz.png
  • #4,685
  • Aug 17, 2009 3:23am Aug 17, 2009 3:23am
Hey Low,

You actually have these three trades going at the sme time. Just wondering why you would magnify your risk trading both GBPUSD & NZDUSD......the correlation between these two pairs is very strong.............anyone agree with me..........unless you have some serious account or you are demoing.....................

Cheers

Quoting Low
For those of you unfamiliar with Oanda, the little arrows are the entry, pointing the direction of the trade, the red lines are the stops.


So here's my trades:

http://i32.tinypic.com/maujgi.png

http://i25.tinypic.com/2rgi5ag.png

http://i28.tinypic.com/vno4tz.png
  • #4,686
  • Aug 17, 2009 3:34am Aug 17, 2009 3:34am
Hi Y'all,

I promise this has to do with trading; I'd like you to make the comparison between the two graphs displayed in the attachment. This is a hint towards the psychological effect trading can have if you're attached to it, b/c if I were to pick one of the graphs that is more like most charts, in any market - it would be "Frustration." Go figure

Goes to show that emotional and/or psychological self-mastery is paramount to whatever you're attached to the market doing or not doing at any given moment. And I'll also risk attaching the .pdf file to this post for those interested in more info about the research behind what you see on the graphs. Having something to read that may not only benefit your health and the world but your trading, independent of the outcome

Aaron
Attached Image
Attached File(s)
File Type: pdf The_Resonant_Heart.pdf   521 KB | 480 downloads
  • #4,687
  • Aug 17, 2009 3:46am Aug 17, 2009 3:46am
Quoting hel13rock
Calderone, did you get a good entry on your Nzd?

If you're in it don't let the layers of support below shake you out of the trade, wait until you get a clear sign to close!
I got a good entry, really small position size. I'm going to let this thing run a while......In fact I may not even check it until I get ready to leave town. (insert evil laugh)
  • #4,688
  • Aug 17, 2009 4:09am Aug 17, 2009 4:09am
HI CW !
I'm following this thread and finding it very interesting.
I'm doing the practice on the charts as reccomended and I need a little clarification about the attached chart.

The places indicated by the arrows are main s/r zones or should be considered minor s/r?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 177 KB
  • #4,689
  • Aug 17, 2009 4:57am Aug 17, 2009 4:57am
Quoting ttteee
HI CW !
I'm following this thread and finding it very interesting.
I'm doing the practice on the charts as reccomended and I need a little clarification about the attached chart.

The places indicated by the arrows are main s/r zones or should be considered minor s/r?
this is what im looking at for this chart. Note the fat round number in the middle in most of my zones. ie. 1.30, 1.40 etc etc
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 20 KB
Grabbing the bull by the horns!
  • #4,690
  • Aug 17, 2009 5:32am Aug 17, 2009 5:32am
Quoting Soca
Hi Y'all,
I promise this has to do with trading; I'd like you to make the comparison between the two graphs displayed in the attachment...
Aaron
Hi Aaron.

Luckily with silent service and trading in the box we have the tools to trade both of them

Attached Image


Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #4,691
  • Aug 17, 2009 5:34am Aug 17, 2009 5:34am
Quoting stefx
Hi Aaron.

Luckily with silent service and trading in the box we have the tools to trade both of them

Attachment

Stefan.
haha thats awesome
Grabbing the bull by the horns!
  • #4,692
  • Aug 17, 2009 5:59am Aug 17, 2009 5:59am
Quoting Danku
Hey Low,

You actually have these three trades going at the sme time. Just wondering why you would magnify your risk trading both GBPUSD & NZDUSD......the correlation between these two pairs is very strong.............anyone agree with me..........unless you have some serious account or you are demoing.....................

Cheers
I agree, that's double trouble. You should only ever expose yourself to the same currency once or if your common currency crashes (or rallies) you've got two hit stops for the price of one. Of course the reverse would give you a nice windfall but still, it's good practice.
  • #4,693
  • Aug 17, 2009 6:02am Aug 17, 2009 6:02am
Quoting calderone
I got a good entry, really small position size. I'm going to let this thing run a while......In fact I may not even check it until I get ready to leave town. (insert evil laugh)
LOL, good for you! My Aud short is going nicely and broke support so it could have a way to go yet
  • #4,694
  • Aug 17, 2009 6:02am Aug 17, 2009 6:02am
Quoting stefx
Luckily with silent service and trading in the box we have the tools to trade both of them

Stefan.
Exactly my point, Stefan and I'd include a personal fearlessness that eventually comes w/o reacting to a "forced awareness" of the market.

My post was an insightful means to refresh or reinterpret all the trading psychobabble/wisdom that's become so commonplace, which is somewhat deprived of its scientific basis as it primarily relates to the (human) trader.

Way to chime in
  • #4,695
  • Aug 17, 2009 6:35am Aug 17, 2009 6:35am
Quoting ttteee
HI CW !
I'm following this thread and finding it very interesting.
I'm doing the practice on the charts as reccomended and I need a little clarification about the attached chart.

The places indicated by the arrows are main s/r zones or should be considered minor s/r?

I would put the lines at numbers ending with "00", but you are about right with this chart. I would also add 1.0800 on it as well.

Welcome to the thread!
  • #4,696
  • Aug 17, 2009 6:39am Aug 17, 2009 6:39am
Quoting Soca
Hi Y'all,

Had a much needed visit to my hometown last week; now I've returned and am getting back to business. And I'd like to start by plugging John and Wade over at Learning Markets as a refreshing part of my trade plan each business day. I've used their service for over-a-year. Specifically their "Pair/Intermarket Analysis" (under the Forex tab) but the entire site is information rich and highly relevant in-my-opinion.

It's also congruent to the simple, obvious and broader precepts of this method....
#1, I highly recommend John and Wade. If you ever wanted to know something about inter market analysis - they are the guys to talk to.

And yes, I like this chart, especially after the daily pinbar was invalidated form a few days back.

In fact, I liked it so much.....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 11 KB
  • #4,697
  • Aug 17, 2009 6:42am Aug 17, 2009 6:42am
Quoting Soca
Hi Y'all,

I promise this has to do with trading; I'd like you to make the comparison between the two graphs displayed in the attachment. This is a hint towards the psychological effect trading can have if you're attached to it, b/c if I were to pick one of the graphs that is more like most charts, in any market - it would be "Frustration." Go figure

...
Aaron
Excellent post Aaron, thanks for that article.

I can even draw support and resistance levels on that frustrated heartbeat chart
If it's too good to be true, it probably is.
  • #4,698
  • Aug 17, 2009 6:49am Aug 17, 2009 6:49am
Wondering about the heading chris used in his recent posts

Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #4,699
  • Aug 17, 2009 10:10am Aug 17, 2009 10:10am
USDJPY is at a very interesting area based on FIBs..........any thoughts? Sorry for the messy looking chart........looking for a Support break to the downside.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy (4-hr).gif Size: 29 KB
  • #4,700
  • Aug 17, 2009 10:43am Aug 17, 2009 10:43am
Last update for now because today it was stopped out well in plus after 24 days. The bullish pinbar at 0.8860 missed my stop by 4 pips. A combination of a bit of luck and stop level measurement skill. However this pinbar told me that my stop level is placed right and furthermore if this pinbar gets broken downside the trade would not be valid for me anymore. Viewed from now the stop might be better be placed behind 0.8800 getting the chance to stay in for one more ride. But placing the stop there would mean to eventually give back 300 pips from the floating gain at the time when I trailed the stop which was by all means not in my comfort zone anymore.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHF-2009-08-17-17-42-17-Alpari-UK-Ltd.png Size: 76 KB


Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
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