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Silent Service Method

  • #4,721
  • Aug 17, 2009 10:13pm Aug 17, 2009 10:13pm
Microsoft is a good short in my opinion. The two charts hopefully show why. I am waiting patiently for my short to take off......hopefully that is!
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  • #4,722
  • Aug 17, 2009 10:33pm Aug 17, 2009 10:33pm
I am still in my nzd/us trade. I did move my stop by 50 pips but I am just going to let it run. It won't hurt me if it gets stopped. I think it has a way to go.
  • #4,723
  • Aug 17, 2009 11:22pm Aug 17, 2009 11:22pm
I'm not debating about whether you should help Chris or not. Ive shown my gratitude to Chris and I have sent several emails to him recently thanking him for showing these methods.

I'm all for promoting Chris website. But that will be based on what Chris is teaching and not based on a pdf which hasnt even been released to private members yet. and definitely not on 'live calls'.


Quoting nomask
didn't mean to "hurt" anybody's feeling here..promoting myself or a website..?
you guys are free to ignore if i post anything you "dislike"...
Chris started his own service and doesn't need my help although i'd love to do in return of what i got from him but i'm still in learning process.
i just wanted to do some good for his website.He's free to do anything with the stuff i post at his place.
I think some didn't notice that this thread now in something called "commercial forum"..
I'm just from a culture that when somebody brings you food...
  • #4,724
  • Aug 18, 2009 12:30am Aug 18, 2009 12:30am
Quoting whitegoodman
here's a trade I took last night, hopefully my love affair with this pair continues...

EURAUD (note the time of the chart posting in my blog - sig... all in realtime)
you gotta be kidding..I wanted to pick a pair for my document that was not popular to show people this method works with every single and weird pair..And of course it is euraud, that's funny...

http://www.forexfactory.com/showpost...postcount=4310
this is my previous pdf file i've posted couple weeks ago in this thread.As you can see through my posts,charts and the file above my trading thoughts mainly based on what Chris taught here,slightly different because of my "personality"..And second one will be more detailed.
Live calls for the people who might think it's been only "talk" here...and also to show that there are some people like me in this thread trade this system for real and making money -not fortune,but good enough to feel better-.
Good luck all
  • #4,725
  • Aug 18, 2009 12:40am Aug 18, 2009 12:40am
Quoting nomask
you gotta be kidding..I wanted to pick a pair for my document that was not popular to show people this method works with every single and weird pair..And of course it is euraud, that's funny...
must be that great minds think alike type thing HA!

I havent even looked at the trade since I opened it, wonder if its still in play or not (im at work plus trying to let go and walk away)
Grabbing the bull by the horns!
  • #4,726
  • Aug 18, 2009 12:45am Aug 18, 2009 12:45am
..key levels..
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  • #4,727
  • Aug 18, 2009 1:16am Aug 18, 2009 1:16am
Pairs hankering into position, alot of "(almost) Daily Pins" to "Conflicting Pins" on most of the majors, a string of presumably medium-to-high impact news releases scheduled the world over for today...

I'll be looking for a break of any opposing 'almost pinbar' to close-out many a countertrend order, with some scalping along the way, until this jalopy gets heaving back to trend - if it hasn't already.
  • #4,728
  • Aug 18, 2009 1:43am Aug 18, 2009 1:43am
Quoting whitegoodman
must be that great minds think alike type thing HA!

I havent even looked at the trade since I opened it, wonder if its still in play or not (im at work plus trying to let go and walk away)
great mind..!you should be speaking for yourself
  • #4,729
  • Aug 18, 2009 3:06am Aug 18, 2009 3:06am
I posted this yesterday, see below.........

Hope you all are in this pair long.......just a beauty how it found support on those two FIBs..............am hoping to ride it to the 96.00 area.......

Cheers

Quoting Danku
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.
  • #4,730
  • Aug 18, 2009 9:49am Aug 18, 2009 9:49am
Anyone watching this? Hoping for a PB CLOSE off the current Candle...........i also have Major S / R on that labeled Gray region and the Tails tell me something is about to happen.........................

Looking to Short.

Traffic has really decreased here.

Cheers
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  • #4,731
  • Aug 18, 2009 12:35pm Aug 18, 2009 12:35pm
update:

kiwi and cable shorts got stopped out at BE last night.

just closed my cad long for 175 pips, because after watching more than half of my floating profit dissappear on the other two trades, I wanted to have something to show for myself.
  • #4,732
  • Aug 18, 2009 3:03pm Aug 18, 2009 3:03pm
Quoting Low
update:

kiwi and cable shorts got stopped out at BE last night.

just closed my cad long for 175 pips, because after watching more than half of my floating profit dissappear on the other two trades, I wanted to have something to show for myself.
Tough break. But think of it this way, (and I HIGHLY RECOMMEND THIS.) think not of what you gave back, but the idea that you followed the plan and had "no harm, no foul". I can think of nothing that feels worse than this - except of course taking profits at 30 pips, when it could have been 500!

As far as closing out the other trade (CAD), why not, you are right - you should get paid for some of it anyways.

So here's the question: What did you learn from this experience? I hope it's that it is possible to bag hundreds of pips......

Chris
  • #4,733
  • Aug 18, 2009 3:37pm Aug 18, 2009 3:37pm
CW,


These three trades were really interesting to me, because once they were into a good bit of profit, I got that nervous/anxious feeling I used to get when I was overleveraged, or just in a dumb trade.

We hear the stories about people who take too big of a position, and it worries them to death, but my MM has been really conservative, and I don't get spooked out over losing my little 1% anymore.

It was the fact that I was sitting on over 500 pips of profit that freaked me out. I was worried about giving it all back, and I was worried about messing with the trades, cause I knew I was the only person who could screw them up.Once they closed I even felt relieved.

Does anybody else have these problems, and if so, how do you deal with it?
  • #4,734
  • Aug 18, 2009 4:18pm Aug 18, 2009 4:18pm
Quoting nomask
finally i finished something that might be found useful by some of you guys..
enjoy
Very nice read. Thank you.
  • #4,735
  • Aug 18, 2009 4:26pm Aug 18, 2009 4:26pm
Quoting Low
CW,


These three trades were really interesting to me, because once they were into a good bit of profit, I got that nervous/anxious feeling I used to get when I was overleveraged, or just in a dumb trade.

We hear the stories about people who take too big of a position, and it worries them to death, but my MM has been really conservative, and I don't get spooked out over losing my little 1% anymore.

It was the fact that I was sitting on over 500 pips of profit that freaked me out. I was worried about giving it all back, and I was worried about...
It's funny actually, I've started opening much bigger trades in relation to my account size but only when price is breaking out. I had a couple of trades today at a quarter lot but the trick is to trade when the price is moving with momentum and then getting to break even straight away or shutting it down quickly if it reverses.
  • #4,736
  • Aug 18, 2009 4:34pm Aug 18, 2009 4:34pm
Re the nzdusd pin.
It was counter trend. I think Chris (and i may be wrong ) you said once that its not a bad idea to just set TPs on counter trend trade's.
Well thats what i did and took my 0.6% with me...

Ive seen on these trades that there's usually another chance to enter a few days later if it does break through (from almost the exact position you exited).

---------------------------------------------------------------------------

Now tonight im looking at a 2 day pin on usdcad. SL 150pips, TP possibly 200 pips. Mch more if it breaks south. Sounds great.

The only thing is i've no played a 2 day pin before so it'll be intersting!
  • #4,737
  • Aug 18, 2009 4:35pm Aug 18, 2009 4:35pm
Hi!
Just back from a wonderfull hollidays week in Norway, need to recover from unvelivable prices there...(I know, having monetary targets is the best way to lose)
The first trade I am considering is taking this 2 days pin long above 1.66
I like 1.66 is a PPZ and that it is with the trend, but dislike the MACD divergence...
Any opinions?
Thank you!
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Trading: the skill of avoiding trades
  • #4,738
  • Aug 18, 2009 4:51pm Aug 18, 2009 4:51pm
Quoting Low
CW,


These three trades were really interesting to me, because once they were into a good bit of profit, I got that nervous/anxious feeling I used to get when I was overleveraged, or just in a dumb trade.

We hear the stories about people who take too big of a position, and it worries them to death, but my MM has been really conservative, and I don't get spooked out over losing my little 1% anymore.

It was the fact that I was sitting on over 500 pips of profit that freaked me out. I was worried about giving it all back, and I was worried about...

One solution is to trail your position behind little S/R areas. I am actually working on exit videos now.....

But if you look at the early part of this thread I have a few examples. The trick is to find the "blend" of letting everything run and tucking in behind mini S/R levels that makes you comfortable. Figure that part out - and you are dong well.

Hang tough, you are getting there. Be proud of having that many pips. You let it run - something 99% of the traders out there have no idea can be done.

You are aiming for progress, not perfection.

Chris
  • #4,739
  • Aug 18, 2009 5:02pm Aug 18, 2009 5:02pm
As an aside to actual trading.

Has anyone ever heard of, or practiced The Sedona Method?
Im not going to go talk it up too much, but you might give it a try.
You could be surprised

Im a massive cynic, and I was massively surprised
  • #4,740
  • Aug 18, 2009 8:22pm Aug 18, 2009 8:22pm
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...
Low,

I hear your disappointment. And let me apologize for misspeaking about your recent trades, with the suggestion that I'd only move or trail my S/L on the same timeframe that I'd entered the trade. I actually meant to say what CW just suggested about using the mini-S/R levels to trail your stops (from the short timeframes) whether with the trend or not. Which brings me to something else I noticed about your trades: they were all (arguably) countertrend...

I'll wait and see what CW comes out with regarding Exits before making further comment.

Soca
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