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Silent Service Method

  • #6,521
  • Jan 1, 2010 7:58pm Jan 1, 2010 7:58pm
Quoting clockwork71
Centaure -

(I happen to be working on videos tonight, so I am here on and off.)

A "quant" is someone who believes in statistics for analysis. Often they will have a mathematical system. Based upon some kind of algorithm, they will place trades.

It involves way too much math and thinking, in my humble opinion.
Then somebody who creates, modifies and finally uses EAs is a quant.
--> I'm a quant, too, just didn't know it.
  • #6,522
  • Jan 2, 2010 3:00pm Jan 2, 2010 3:00pm
Kulu has a black male Schnauzer named Monty. I have one now too.....but haven't figured out a name yet. He is 3.5 months old, and the boys are very happy.

Oh well.....off to make more videos. Next week is a big one.
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  • #6,523
  • Jan 2, 2010 3:18pm Jan 2, 2010 3:18pm
Quoting clockwork71
Kulu has a black male Schnauzer named Monty. I have one now too.....but haven't figured out a name yet. He is 3.5 months old, and the boys are very happy.

Oh well.....off to make more videos. Next week is a big one.
Congratulations!

I grew up with dogs (well, not like the Jungle Book...), German Shepherds and a Field Spaniel. Nothings better than growing up like that. I wish I could have a dog but full time jobs make it impossible. We do have a cat and that's also great. Congrats again, you've secured a happy childhood for your kids!
  • #6,524
  • Jan 2, 2010 5:50pm Jan 2, 2010 5:50pm
Quoting clockwork71
Kulu has a black male Schnauzer named Monty. I have one now too.....but haven't figured out a name yet. He is 3.5 months old, and the boys are very happy.

Oh well.....off to make more videos. Next week is a big one.
Congratulations! It is very important for the personality development of children having a pet at home.
Great 2010
Julio Bento
  • #6,525
  • Jan 3, 2010 8:53am Jan 3, 2010 8:53am
As of December 29th, I have been smoke-free for 2 years. Because of this, I have learned the true power of decision. Making a true decision is probably the most powerful thing that a human can do. Think about it, all important events in history have been started with one thing:a decision.

Someone in the Colonies decided that rule under Britain was no longer desirable, and thus started the path to revolution. Somebody decided that the world was worth exploring, and traveled west...finding the Americas. Somebody else decided to design something called a "steam engine". As you can see decision was the very first step. It matters not if you know how you are going to get to your destination, just that you know you will. That's a powerful realization, as it shows the very determination that has propelled the human race throughout the centuries.

If you are willing to make a true decision, you are willing to do whatever it takes, and are willing to put in the amount of time and effort to achieve your goal. Trading is no different. Are you willing to demo trade for a few months, if it means that someday you will be making consistent money from trading? Are you willing to listen to others who have been there? Are you willing to think of the markets in ways that might not always makes sense at first glance? In short, are you willing to put down your ego and do what it takes? Not everyone can do this. Some people are so focused on being right, they go broke in the process of being so much more correct than the rest of us! This is not the path of champions.

The path of champions is both straight and jagged, for in your heart, it must be straight. But in reality, flexibility and therefore the ability to adjust, is your jagged path. All while refusing to take your eye off of the final goal.

Just a thought.
  • #6,526
  • Jan 3, 2010 5:03pm Jan 3, 2010 5:03pm
Chris
i agree , a lot of wisdom in your post .
i had an angioplasty one week ago . and the main cause of it is smoking even though i am a doctor(i don't practice it ) and i am fully aware of the risk of smoking but i have never took the decision to stop smoking until i was just one step away from a heart attack or a stroke .
it is to say if i have used the (power of a decision) a while ago it would have saved me from having this angioplasty .
regards
samer

Quoting clockwork71
As of December 29th, I have been smoke-free for 2 years. Because of this, I have learned the true power of decision. Making a true decision is probably the most powerful thing that a human can do. Think about it, all important events in history have been started with one thing:a decision.

Someone in the Colonies decided that rule under Britain was no longer desirable, and thus started the path to revolution. Somebody decided that the world was worth exploring, and traveled west...finding the Americas. Somebody else decided to design...
  • #6,527
  • Jan 3, 2010 5:23pm Jan 3, 2010 5:23pm
Quoting samer960
Chris
i agree , a lot of wisdom in your post .
i had an angioplasty one week ago . and the main cause of it is smoking even though i am a doctor(i don't practice it ) and i am fully aware of the risk of smoking but i have never took the decision to stop smoking until i was just one step away from a heart attack or a stroke .
it is to say if i have used the (power of a decision) a while ago it would have saved me from having this angioplasty .
regards
samer
I had no idea my friend! I hope you continue to get better and I wish you good health and many many healthier years!
  • #6,528
  • Jan 3, 2010 5:50pm Jan 3, 2010 5:50pm
Quoting clockwork71
As of December 29th, I have been smoke-free for 2 years. Because of this, I have learned the true power of decision. Making a true decision is probably the most powerful thing that a human can do. Think about it, all important events in history have been started with one thing:a decision.

Someone in the Colonies decided that rule under Britain was no longer desirable, and thus started the path to revolution. Somebody decided that the world was worth exploring, and traveled west...finding the Americas. Somebody else decided to design...

Working on one's personalty needs a lot of perseverance.
This is in trading important, too. And lots of frustration tolerance is essential here, that you can find your way to your goal.

This can take quite long and you often have to give yourself more time, because your time plan was to strict(short) and did not take into account all the unseen faults which lead you into impasses.
  • #6,529
  • Jan 3, 2010 6:23pm Jan 3, 2010 6:23pm
Quoting Centaure
Working on one's personalty needs a lot of perseverance.
This is in trading important, too. And lots of frustration tolerance is essential here, that you can find your way to your goal.

This can take quite long and you often have to give yourself more time, because your time plan was to strict(short) and did not take into account all the unseen faults which lead you into impasses.

Correct. In fact, it's the destination that you need to keep in mind, and not focus so much on the length of the journey. Many people set themselves up to fail because they are so worried about being a great trader in "x" amount of time. They normally say something like, "I am going to be rich in 2 years." But saying something like that is saying if it takes you 4 - you failed? Hardly a constructive mindset I think.

Chris
  • #6,530
  • Jan 3, 2010 8:36pm Jan 3, 2010 8:36pm
thank you mike .
i know u took a decision( as Chris suggested ) and i know u will be successful
regards
samer

Quoting calderone
I had no idea my friend! I hope you continue to get better and I wish you good health and many many healthier years!
  • #6,531
  • Jan 3, 2010 9:55pm Jan 3, 2010 9:55pm
Quoting samer960
Chris
i agree , a lot of wisdom in your post .
i had an angioplasty one week ago . and the main cause of it is smoking even though i am a doctor(i don't practice it ) and i am fully aware of the risk of smoking but i have never took the decision to stop smoking until i was just one step away from a heart attack or a stroke .
it is to say if i have used the (power of a decision) a while ago it would have saved me from having this angioplasty .
regards
samer
Samer,

I grew up around a lot of MD's, almost none of them practice good health it seems. I believe it starts in Medical School with all of the punishing hours. I am glad to hear that it went alright though my friend.

Chris
  • #6,532
  • Jan 4, 2010 5:43am Jan 4, 2010 5:43am
hi Chris,

looking at the monthly chart of the NZD/USD....the monthly pins broke to the downside and now we've had a massive reversal. This coincides with Gold moving higher also as the USD weakens.

However, for those shorting is means massive drawdown...do you still think the USD will strengthen given recent price action ?
  • #6,533
  • Jan 4, 2010 6:45am Jan 4, 2010 6:45am
Quoting advfntrader
hi Chris,

looking at the monthly chart of the NZD/USD....the monthly pins broke to the downside and now we've had a massive reversal. This coincides with Gold moving higher also as the USD weakens.

However, for those shorting is means massive drawdown...do you still think the USD will strengthen given recent price action ?
I don't know what Chris is seeing on his nzd chart but I see that nzd has not broken resistance yet on my chart. Until it moves through, I am still thinking short. I had marked the 7289 area to sell and the second area is 7330 for a sell. Watching daily for a trigger to short and if it fails-no biggie. I am really not wanting to get in many trades until after nfp because I think volume will be whacked until then. Hoping to see some healthy price movement after that.

Cheers!
  • #6,534
  • Jan 4, 2010 9:27am Jan 4, 2010 9:27am
Quoting calderone
I don't know what Chris is seeing on his nzd chart but I see that nzd has not broken resistance yet on my chart. Until it moves through, I am still thinking short. I had marked the 7289 area to sell and the second area is 7330 for a sell. Watching daily for a trigger to short and if it fails-no biggie. I am really not wanting to get in many trades until after nfp because I think volume will be whacked until then. Hoping to see some healthy price movement after that.

Cheers!
Yeah, this trade is certainly trying my patience.....but I agree - it's still a short....eventually. This is what stop losses are for I suppose.
  • #6,535
  • Jan 4, 2010 9:28am Jan 4, 2010 9:28am
Quoting advfntrader
hi Chris,

looking at the monthly chart of the NZD/USD....the monthly pins broke to the downside and now we've had a massive reversal. This coincides with Gold moving higher also as the USD weakens.

However, for those shorting is means massive drawdown...do you still think the USD will strengthen given recent price action ?
I do. I think January 8th's NFP will be huge. I really think that could be the trigger for a lot of things. Until then, volume is probably still going to be somewhat light, and whippy.
  • #6,536
  • Jan 4, 2010 10:20am Jan 4, 2010 10:20am
Quoting clockwork71
Yeah, this trade is certainly trying my patience.....but I agree - it's still a short....eventually. This is what stop losses are for I suppose.
LOL This thing is not cooperating at all today. I really won't trust price action until after nfp. I think the dogs and cats will be doing things together until then. lol
  • #6,537
  • Edited 11:55am Jan 4, 2010 10:37am | Edited 11:55am
Quoting calderone
I don't know what Chris is seeing on his nzd chart but I see that nzd has not broken resistance yet on my chart. Until it moves through, I am still thinking short. I had marked the 7289 area to sell and the second area is 7330 for a sell. Watching daily for a trigger to short and if it fails-no biggie. I am really not wanting to get in many trades until after nfp because I think volume will be whacked until then. Hoping to see some healthy price movement after that.

Cheers!
Hi guys and happy new year 2010

I was a follower of Chris's method since back then when this thread first opened and had its first pages, since then I've found that I'm very comfortable with his approach and has put my view of the market as "horizontal".

I've accepted the fact that I'll put my focus to my strengths first and learn of trendlines later, I've had some rough days behind me and it is still tough now, but it's getting better so I can finally trade and re-learn everything I've missed, I'm now in the process of re-reading the thread from page 1.

Now albeit the monthly pin, I'm still thinking long, because well, I believe we are still on an uptrend, my weekly chart is currently ascending more than it is descending... silly, I know, and maybe stupid, but hey, if my stop got taken out at full stop when I entered back then, I've risked what's comfortable for me and I've accepted that risk, I never set a TP for this trade and just watched it from time to time and move my stop to the next PPZ I see.

if I got stopped out, it's at least 230 pips or almost 6%, so who am I to complain?

This stuff really do works, like Chris once said, it's about letting go

Thanks a lot to Chris, Great stuff
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  • #6,538
  • Jan 4, 2010 12:22pm Jan 4, 2010 12:22pm
Quoting clockwork71
I am thinking a long is more likely.......take a look at the monthly.
Previous post http://www.forexfactory.com/showthre...41#post3329341

Last time closed on small profit and now i long again 1.0360
AND will hold this time for 2 reasons
1-ON my count EW2 end here
2-Oil reached the top
I'm buyer for us$ http://www.forexfactory.com/showthre...=1#post3338554
  • #6,539
  • Jan 4, 2010 2:05pm Jan 4, 2010 2:05pm
Quoting marcelnyo
Hi guys and happy new year 2010

I was a follower of Chris's method since back then when this thread first opened and had its first pages, since then I've found that I'm very comfortable with his approach and has put my view of the market as "horizontal".

I've accepted the fact that I'll put my focus to my strengths first and learn of trendlines later, I've had some rough days behind me and it is still tough now, but it's getting better so I can finally trade and re-learn everything I've missed, I'm now in the process of re-reading the thread...
I can see that clearly as well, I would have a long target to the 7500 area. I need to see a pa trigger. I'm simple that way. lol
  • #6,540
  • Jan 4, 2010 3:15pm Jan 4, 2010 3:15pm
Quoting calderone
LOL This thing is not cooperating at all today. I really won't trust price action until after nfp. I think the dogs and cats will be doing things together until then. lol

I think Clockwork entered the trade by looking on the monthly chart and this is the largest timeframe. It is a time which needs the most patience of all timeframes.

So usually I prefer to wait some bars, which can last quite long on the monthly timeframe.
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