Silent Service Method | Page 269 | 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

  • #5,361
  • Oct 8, 2009 11:47am Oct 8, 2009 11:47am
I just thought I'd say that I enjoy your thread a lot Chris, and I'm sure many others do as well.

It's very true what you wrote about dick-measuring. I have never ceased to be amazed at how much energy people on forex forums spend at trying to piss farther than the next guy and how little energy that seems to go into the actual trading.

Keep up your good work!
  • #5,362
  • Oct 8, 2009 11:54am Oct 8, 2009 11:54am
OK Chris if you insist..........WELCOME WELCOME Sanook to SSM......................

Quoting clockwork71
Sanook just proved something, well three things actually:

That there are more skeptics out there than optimists, at least when it comes to forex. Trust me, I have been there as well, with the scammers. (And I am NOT talking about James16, I am talking before then.)

That he has the self-awareness to stand up and admit when he is wrong, and damn quick too. I would say this is a great trait for a few reasons: It's rare in the world, and it helps in trading. (Get out of a position before it kills you.)

He has also proven that he's a stand up guy....
  • #5,363
  • Oct 8, 2009 12:11pm Oct 8, 2009 12:11pm
Quoting clockwork71

I believe that trading ADDS to your life, not that it is your life.

Actually, Kulu and I were talking on the phone about account size. I still find it admirable when someone can build up a $1000 account to 1300 in a year. That's 30%! That's an exercise in patience and discipline. In a lot of ways - I think it takes more as a trader/person to do that.
A man of worth spoken ...

Once discovered that trading ADDS to what you have already, it really does, until then it subtracts from your coin, emotion, family ....

I fully agree that it's no matter how small you start out (except market requirement, stop distance, ...), if you can't make 1000 out of 500 you won't make 30000 out of 10000.

Another example for a 5000 starting balance over 10 years of 30% profits each. Note that the below curve is only possible if you discovered that trading adds to your live thus having the patience doing the right things. Each trading attempt with the aim to scale the X axis down will result in an expansion. Only consistent profits as a result of patience can gain the trust and thus potentially increasing profits which can result in a shorter X axis.

Another valid shortcut on time can be an occasional deposit in your trading account to readjust to the level of trust you have to you as trader.

Attached Image (click to enlarge)
Click to Enlarge Name: CompoundingInterest.png Size: 8 KB


Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #5,364
  • Oct 8, 2009 12:29pm Oct 8, 2009 12:29pm
AUD/JPY looking interesting can the 4 hr bar close above S/R level of 80?
  • #5,365
  • Oct 8, 2009 2:11pm Oct 8, 2009 2:11pm
Quoting el_duende
AUD/JPY looking interesting can the 4 hr bar close above S/R level of 80?

mmhh, yeah, also take a look at the weekly, this bar is shaping up as a really nasty buob
  • #5,366
  • Oct 8, 2009 2:37pm Oct 8, 2009 2:37pm
Feel free to correct me here, but I am pretty sure that is not a BUOB. One of the key parts to a Bullish Outside Bar is the Outside part. Outside does not imply the bar to the right, it implies an engulfment of the previous bar. This is not the case with the weekly AUDJPY.

Que

Quoting ttteee
mmhh, yeah, also take a look at the weekly, this bar is shaping up as a really nasty buob
Que
  • #5,367
  • Oct 8, 2009 3:26pm Oct 8, 2009 3:26pm
Quoting Que
Feel free to correct me here, but I am pretty sure that is not a BUOB. One of the key parts to a Bullish Outside Bar is the Outside part. Outside does not imply the bar to the right, it implies an engulfment of the previous bar. This is not the case with the weekly AUDJPY.

Que
Just for clarification:

Do you mean an "engulfing" bar must engulf the high and low of the previous bar as well as the open and close?

I've only been referencing the open/close, maybe this distinction would increase the reliability of these bars.
  • #5,368
  • Oct 8, 2009 3:59pm Oct 8, 2009 3:59pm
An engulfing bar in candlestick terms means just the bar and not the shadows.
An outside bar , introduced by Pring (and copyrighted by you know who )
is a bar that engulfs even the previous bar's shadows.

Quoting Low
Just for clarification:

Do you mean an "engulfing" bar must engulf the high and low of the previous bar as well as the open and close?

I've only been referencing the open/close, maybe this distinction would increase the reliability of these bars.
  • #5,369
  • Oct 8, 2009 4:12pm Oct 8, 2009 4:12pm
Good pin with the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.PNG Size: 62 KB
  • #5,370
  • Oct 8, 2009 4:32pm Oct 8, 2009 4:32pm
Quoting cheelu
Good pin with the trend.
I have been watching this one as well, even if I got clipped out on the last short - certainly the momentum hasn't really changed. I agree with this chart.
  • #5,371
  • Oct 8, 2009 4:37pm Oct 8, 2009 4:37pm
Quoting stefx
A man of worth spoken ...

Once discovered that trading ADDS to what you have already, it really does, until then it subtracts from your coin, emotion, family ....

I fully agree that it's no matter how small you start out (except market requirement, stop distance, ...), if you can't make 1000 out of 500 you won't make 30000 out of 10000.

Another example for a 5000 starting balance over 10 years of 30% profits each. Note that the below curve is only possible if you discovered that trading adds to your live thus having the patience doing...
I agree with everything posted here. And I would like to add on to what Stefan said about adding money over time. Since most of us are not wealthy already, what we can do, is add money like you do on a retirement account. If you are starting out with 3000 USD for example, if you prove that you can consistently add to your balance.....then why not add 100 USD a month? It really speeds the compounding effect. This is why IRA's (US retirement accounts) work out....it's saving/compounding/and compounding on savings.

This is how it's possible for a small account to become substantial over time.

Remember, there is a million ways to do things. Don't believe the hype - you don't have to be able to turn 1000 into 1000000.....you can grow things in a reasonable manner, with consistent profits and deposits.

Chris
  • #5,372
  • Oct 8, 2009 4:41pm Oct 8, 2009 4:41pm
Quoting o990l6mh
I just thought I'd say that I enjoy your thread a lot Chris, and I'm sure many others do as well.

It's very true what you wrote about dick-measuring. I have never ceased to be amazed at how much energy people on forex forums spend at trying to piss farther than the next guy and how little energy that seems to go into the actual trading.

Keep up your good work!
One way to see this is simply the music that CNBC plays every morning. If you notice.....right before the stock market opens, they are always playing music that brings on images of going to battle, etc.

Also, before NFP (I think) they play Europe's "The Final Countdown", which is a staple at sports events.

Again, measuring something.
  • #5,373
  • Oct 8, 2009 5:09pm Oct 8, 2009 5:09pm
Possible trade forming on 4hr GBP/USD? #

We have an inside bar formed at 1.61 daily S/R level. This could be a sign that no more buyers are at this level and price may reverse at this level. We can have a quite a small stop too and could provide a nice R:R. Good things about this trade if we break low of IB.

At 1.61 daily S/R
With 4 hr trend
With daily trend
At upper bollinger band
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 0910.gif Size: 21 KB
  • #5,374
  • Oct 8, 2009 5:26pm Oct 8, 2009 5:26pm
Quoting el_duende
Possible trade forming on 4hr GBP/USD? #

We have an inside bar formed at 1.61 daily S/R level. This could be a sign that no more buyers are at this level and price may reverse at this level. We can have a quite a small stop too and could provide a nice R:R. Good things about this trade if we break low of IB.

At 1.61 daily S/R
With 4 hr trend
With daily trend
At upper bollinger band
LOL. I'm in this trade, but honestly have a hard time believing the pound will give a good opportunity without at least 130 pip SL.

we'll see what happens.
  • #5,375
  • Oct 8, 2009 5:51pm Oct 8, 2009 5:51pm
Quoting Low
LOL. I'm in this trade, but honestly have a hard time believing the pound will give a good opportunity without at least 130 pip SL.

we'll see what happens.
yeh im still in the GU from a few days ago... wouldnt mind seeing some dolalr strength come in, this will be the pair that runs the most due to Pound weakness atm.
Grabbing the bull by the horns!
  • #5,376
  • Oct 8, 2009 7:23pm Oct 8, 2009 7:23pm
http://www.finviz.com/chart.ashx?t=F...c&ta=1&p=d&s=lFORM. Nice hammer on horizontal suport + trend line supphttp://www.finviz.com/quote.ashx?t=form
  • #5,377
  • Oct 8, 2009 7:42pm Oct 8, 2009 7:42pm
pretty chart cheelu
  • #5,378
  • Oct 8, 2009 8:19pm Oct 8, 2009 8:19pm
Quoting cheelu
http://www.finviz.com/chart.ashx?t=F...c&ta=1&p=d&s=lFORM. Nice hammer on horizontal suport + trend line supphttp://www.finviz.com/quote.ashx?t=form
This is an absolutely beautiful chart in my opinion.
  • #5,379
  • Oct 9, 2009 12:13am Oct 9, 2009 12:13am
Quoting clockwork71
This is an absolutely beautiful chart in my opinion.
wow i might actually take that and tuck a nice stop loss behind a fat round $20 level
Grabbing the bull by the horns!
  • #5,380
  • Oct 9, 2009 1:12am Oct 9, 2009 1:12am
Quoting cheelu
FORM. Nice hammer on horizontal suport + trend line supphttp://www.finviz.com/quote.ashx?t=form
Hi Cheelu.

Archive this chart, for the case you write a book on trending markets and give an example for the 61% and 50% retracement levels you'll need it again.
10 x 100 = 100 x 10, stefx, retired scalper.
2 traders viewing now