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Silent Service Method

  • #4,781
  • Aug 21, 2009 10:16am Aug 21, 2009 10:16am
Quoting Danku
How very very very SAD, i am...i really enjoyed her post here. I will trully miss her posts and all.......MAY GOD REST HER SOUL ETERNALLY............SAD VERY SAD............
+1 (nothing to say)
  • #4,782
  • Aug 21, 2009 10:23am Aug 21, 2009 10:23am
I am shocked.
May she rest in peace.
Very sad....



Quoting clockwork71
I got an email from hel13rock's husband yesterday. It was to inform me that she was killed in a car accident Wednesday afternoon. I cannot say how shocked I was to read this news. Her profile says she was on about 30 hours ago, but I assume it was Ted sending out PM's.

Her wit and contributions will certainly be missed.

Thank you Helen.

Chris
meine augen sind die sterne
  • #4,783
  • Aug 21, 2009 10:29am Aug 21, 2009 10:29am
Im glad to have been able to read the posts she put here, her wit always amused me I wish the best to her family.
  • #4,784
  • Aug 21, 2009 10:30am Aug 21, 2009 10:30am
RIP hel13rock...
My God, thats terrible news, puts it all in perspective. She will definitely be missed...
Sympathies to her family..
  • #4,785
  • Aug 21, 2009 11:03am Aug 21, 2009 11:03am
Quoting clockwork71
I got an email from hel13rock's husband yesterday. It was to inform me that she was killed in a car accident Wednesday afternoon. I cannot say how shocked I was to read this news. Her profile says she was on about 30 hours ago, but I assume it was Ted sending out PM's.

Her wit and contributions will certainly be missed.

Thank you Helen.

Chris
Man, that sucks. Prayers & Condolences.
  • #4,786
  • Aug 21, 2009 11:19am Aug 21, 2009 11:19am
Always appreciated her posts and insights
It is indeed a sad day
  • #4,787
  • Aug 21, 2009 12:06pm Aug 21, 2009 12:06pm
Thank you Helen.

You will be missed.

My condolences to Ted and her family.
  • #4,788
  • Aug 21, 2009 12:49pm Aug 21, 2009 12:49pm
That's very sad news. May she rest in peace.
Quoting clockwork71
I got an email from hel13rock's husband yesterday. It was to inform me that she was killed in a car accident Wednesday afternoon. I cannot say how shocked I was to read this news. Her profile says she was on about 30 hours ago, but I assume it was Ted sending out PM's.

Her wit and contributions will certainly be missed.

Thank you Helen.

Chris
  • #4,789
  • Aug 21, 2009 1:00pm Aug 21, 2009 1:00pm
R.I.P. Helen
  • #4,790
  • Aug 21, 2009 1:12pm Aug 21, 2009 1:12pm
Quoting Low
What is interesting however, is that a lot of my trades run quickly into profit of anywhere from 60 to 160 pips (depending on the volatility of the pair), then give reversal PA on the 4H, then come and close me out. Because I've had good instant fortune, but mediocre long term results...
Hi Low.

I had several long runs now and what I can say is that some of them started with an initial stop of more than 200 pips. Sometimes the trade has to be 200 pips or above in profit before I trail the stop to the next area. Later on as the profit increases I trail the stop also 20-40 pips behind minor but still obvious PPZs. I always look for bars which dipped into this PPZ before and try to stay behind the highs/lows of these bars. (This kept me in 2 trades which passed my stop by less than 10 pips).

This 200 pips stop is not the regular case, yet I did not average my stop value but guess it around 100-150 pips.

But what I like to say actually is that if you're good in finding the right entry why wouldn't you fine tune your exit strategy. Soca mentioned minor PPZ as T/P and maybe you answered it yourself before with the 4H pinbar against you as T/P for example. This way you steadily collect pips and catch a rally now and then. You also have to do the math with the pip value, if I risk the same percentage with a 200 pips stop as you having a stop with 100 pips then I would need 320 pips where your 160 pips trade would do the same !


Just my 2 pips.

Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #4,791
  • Aug 21, 2009 2:33pm Aug 21, 2009 2:33pm
Quoting stefx
Hi Low.

I had several long runs now and what I can say is that some of them started with an initial stop of more than 200 pips. Sometimes the trade has to be 200 pips or above in profit before I trail the stop to the next area. Later on as the profit increases I trail the stop also 20-40 pips behind minor but still obvious PPZs. I always look for bars which dipped into this PPZ before and try to stay behind the highs/lows of these bars. (This kept me in 2 trades which passed my stop by less than 10 pips).

This 200 pips stop is not the regular...

Well put Stefan.

Chris
  • #4,792
  • Aug 21, 2009 3:00pm Aug 21, 2009 3:00pm
Quoting clockwork71
I got an email from hel13rock's husband yesterday. It was to inform me that she was killed in a car accident Wednesday afternoon. I cannot say how shocked I was to read this news. Her profile says she was on about 30 hours ago, but I assume it was Ted sending out PM's.

Her wit and contributions will certainly be missed.

Thank you Helen.

Chris

Very sad news....i never knew helen but still shocked..god bless u, rest in peace and best wishes for family
  • #4,793
  • Aug 21, 2009 3:24pm Aug 21, 2009 3:24pm
My deepest condolences to Helen and her family members, her passing has surely shocked us all.

She is already being missed and her contributions will always be apreciated and remembered.

May she Rest In Peace.

Split
  • #4,794
  • Aug 21, 2009 3:32pm Aug 21, 2009 3:32pm
Thank you Chris for having this thread, where Helen's voice could be heard and appreciated by all of us.

From my heart to yours,
Aaron
  • #4,795
  • Aug 21, 2009 3:36pm Aug 21, 2009 3:36pm
Amen.
  • #4,796
  • Aug 21, 2009 3:48pm Aug 21, 2009 3:48pm
Incredibly sad.
My thoughts are with her family.
  • #4,797
  • Aug 21, 2009 9:55pm Aug 21, 2009 9:55pm
Quoting stefx
Hi Low.

I had several long runs now and what I can say is that some of them started with an initial stop of more than 200 pips....
Thanks for the input stefan, the majors still seem a little choppy right now, so it could just be foolishness on my part for trading them, but I think things will improve.

Truthfully, several weeks back I kept getting into what I thought were long term trades, and left my stops where the PA told me to, then went into profit 150 pips or so, only to have it come back and close me out for a loss. That's one of the reasons I've been taking these small profits, especially when I see PA telling me to get out.

So basically, I really haven't gotten into any "runners" yet (except one I accidentally exited with a traling stop that I forgot was a default setting), but I have gotten into profit, and I need to be able to discern weather I'm looking at a simple retracement against my position, in which case a little drawdown is fine, or just a bad trade, where I should take what's on the table.

Any thoughts?
  • #4,798
  • Aug 21, 2009 10:33pm Aug 21, 2009 10:33pm
Quoting Low
Thanks for the input stefan, the majors still seem a little choppy right now, so it could just be foolishness on my part for trading them, but I think things will improve.

Truthfully, several weeks back I kept getting into what I thought were long term trades, and left my stops where the PA told me to, then went into profit 150 pips or so, only to have it come back and close me out for a loss. That's one of the reasons I've been taking these small profits, especially when I see PA telling me to get out.

So basically, I really haven't gotten...
I am currently working on some videos about this very subject. Stay tuned. Once I get those done, I will try and figure a way to translate them over to charts....charts/posts are somewhat easily misunderstood, so you have to be careful about some things.
  • #4,799
  • Aug 22, 2009 1:47am Aug 22, 2009 1:47am
I am a frequent visitor to this thread and although I make few contributions I would also offer my condolences to Helens family. My wifes mother was also recently killed in similar circumstances and the shock and pain is almost unbearable.
Never did get the hang of flossing.
  • #4,800
  • Aug 22, 2009 2:01am Aug 22, 2009 2:01am
Quoting Low
So basically, I really haven't gotten into any "runners" yet (except one I accidentally exited with a traling stop that I forgot was a default setting), but I have gotten into profit, and I need to be able to discern weather I'm looking at a simple retracement against my position, in which case a little drawdown is fine, or just a bad trade, where I should take what's on the table.

Any thoughts?
Hi Low.

For me basically staying in a trade on the long run I simply need to feel comfort keeping the stop 150 pips behind the entry price altough the trade is at +150 pips. Analysing price at minor/major PPZs, fibs and TLs which the price has to go through/bounce can help to feel more comfort or can reduce comfort. But I exit earlier only if a reversal pattern is broken against my direction. Reversal patterns for exiting a trade are only valid on the timeframe of the entry pattern (for me).

I have to say that the long runners were traded of daily entry signals. All these signals had one ore more fib retracements, MA or TL as supporting reasons. This way a lot of traders are jumping in for different reasons but I try to combine them for me. This way a lot of force is required to take all the stops of all the traders out where my stop is still a bit above. If this stop is hit I paid for the information that probably now a limit order in the other direction could be the right thing now.

I have numerous trades below 200 and only some above 300, so I don't like to sound as you should believe I close a 500 pips trade every day. By all means these trades are rare.

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