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Silent Service Method

  • #6,901
  • Jan 26, 2010 4:49pm Jan 26, 2010 4:49pm
Quoting o990l6mh
Sweden!?

How dare you even speak on such matters, mr home of the brave, land of Britney... no, sorry I meant land of the free
Ok, but at least Britney was hot....

ABBA is just....ABBA.

Sweden also gave us Ace Of Base, for those of you keeping score.

England gave us Iron Maiden, Jethro Tull, and Motorhead. So at least it has that going for it.

US has given Elvis Presley, Van Halen, and most importantly - James Brown!
  • #6,902
  • Jan 26, 2010 4:51pm Jan 26, 2010 4:51pm
Am I so wrong for wanting to Long Gold?
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD Daily 26th Jan.JPG Size: 59 KB
  • #6,903
  • Jan 26, 2010 4:56pm Jan 26, 2010 4:56pm
... not to mention Black Sabbath, the Stone Roses, The Clash, The Who and the Rolling Stones
  • #6,904
  • Jan 26, 2010 5:47pm Jan 26, 2010 5:47pm
Quoting clockwork71
Ok, well that's a little different than what I was thinking.....

I risk no more than a total of 5%. Not on one trade, but on up 3. (in general) The reason that I say 5% is that as you place trades, 1% may not be the same on the next trade. (For example, your first trade might have profits locked in, or underwater.) So for simplicity, I just say 5%.

I try not to take correlated trades in general, that way if one of my trades gets hit for a loss.....the others aren't necessarily going to do the same thing.

Chris

oh, and P.S. - you are...
Thanks again Chris :-) You are right. It is an art as much as it is a science.Some times old habits die hard, no wonder psychology is the most important reasons why someone will/will not be successful in trading. Point taken. Thanks again for sharing.
  • #6,905
  • Jan 26, 2010 8:18pm Jan 26, 2010 8:18pm
As Chris has mentioned on several occasions it can be treacherous trying to trade around news. Tomorrow will be a doosy...

From Bespoke Investment Group:

Tomorrow is one of those days that we see maybe 4 or 5 times a year where the market just gets pounded with information overflow. Here is a sampling:

 

  1. More than 50 earnings reports
  2. Geithner/Paulson testimony
  3. New Home Sales
  4. The FOMC decision
  5. The Apple Tablet
  6. Last but not least, President Obama's first State of the Union address.

Buckle up, tighten those stops (or get out of the market...) and enjoy the ride...

  • #6,906
  • Jan 26, 2010 8:32pm Jan 26, 2010 8:32pm
What's going on fellow traders, Clockwork??

It's been a long while since I've visited, a lot going on with life.

Clockwork, how do you balance your trading/personal life? What boundaries do you set for yourself??

One of the things I love is coming back from a long hiatus and seeing how everyone is progressing. Clockwork and his explanation of Support and Resistance areas and what to do with them has changed how I trade more than any other idea.

What is this new "Commercial Forum" thing??

Ps, for you those who care, new blog post...
  • #6,907
  • Jan 26, 2010 9:52pm Jan 26, 2010 9:52pm
Quoting MattW
Am I so wrong for wanting to Long Gold?
No, it's a decent set up actually.....I am waiting for lower prices, but I may not get them.
  • #6,908
  • Jan 26, 2010 9:54pm Jan 26, 2010 9:54pm
Quoting InfinitySL
As Chris has mentioned on several occasions it can be treacherous trying to trade around news....

Thanks for posting this! People - pay attention to this post. If you are not in the market, there's no rush to get in. Let the dust settled on a day like this if you are not clear on what to do about a set up.
  • #6,909
  • Jan 26, 2010 9:55pm Jan 26, 2010 9:55pm
Quoting bgin2end
What's going on fellow traders, Clockwork??

It's been a long while since I've visited, a lot going on with life....
It's a simple thing for me to balance trading and personal life, since I tend to only trade longer time frames, and have taught myself not to check the charts every hour. It's a psychological thing more than anything.

Commercial forum is a private forum through the website that has videos, webinars, etc.......

Welcome back.

Chris
  • #6,910
  • Jan 27, 2010 1:50am Jan 27, 2010 1:50am
Hi Chris,

Was just going through the Blog and can't but notice the improvement on the presentation MAN.............you doing a great job Chris tere congrats......

Now back to matters at hand.........i just caught you, you little DEVIL screwing up with my EURGBP Long off the weekly PB...........no wonder it is not heading up............stay off my trades................

Enjoy..........

Quoting clockwork71
New rant on blog.
  • #6,911
  • Jan 27, 2010 3:18am Jan 27, 2010 3:18am
Quoting MattW
... not to mention Black Sabbath, the Stone Roses, The Clash, The Who and the Rolling Stones
Don't forget MUSE!!

Chris
  • #6,912
  • Jan 27, 2010 6:51am Jan 27, 2010 6:51am
Hi guys, I was just wondering if any of you have traded stocks with an online broker before, I'm looking for a discount broker that doesn't have a minimum account opening balance, should you know some, please comment and reply on this thread

Thanks a lot.
  • #6,913
  • Jan 27, 2010 8:03am Jan 27, 2010 8:03am
Quoting marcelnyo
Hi guys, I was just wondering if any of you have traded stocks with an online broker before, I'm looking for a discount broker that doesn't have a minimum account opening balance, should you know some, please comment and reply on this thread

Thanks a lot.
Forex Factory has blocked my ability to post anywhere but my own thread. (I guess because James16 couldn't stay off my thread - which was my fault somehow.) So I have to answer here Marcelnyo, sorry....

If you want ultra-cheap, and looking long term, might as well go with sharebuilder by ING. It's not something to take quick trades off of, but if you want to buy shares to build up net worth, it's a good alternative. Also, they allowed partial shares as well.

Chris
  • #6,914
  • Jan 27, 2010 10:19am Jan 27, 2010 10:19am
GBP/CHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpchf1.png Size: 42 KB
Click to Enlarge Name: gbpchf2.png Size: 42 KB
  • #6,915
  • Jan 27, 2010 10:55am Jan 27, 2010 10:55am
Am already in................1.5Hrs ago...now now Chris, dont go long please please i beg u.....

Quoting clockwork71
GBP/CHF
  • #6,916
  • Jan 27, 2010 12:24pm Jan 27, 2010 12:24pm
Quoting egkid
Here it's my view about gold and AUD
I'm already in sell from 1151 with gold
http://www.forexfactory.com/showthre...29#post3394129
Nice it's keep going in my favorite :-)
  • #6,917
  • Jan 27, 2010 12:54pm Jan 27, 2010 12:54pm
Quoting Danku
Am already in................1.5Hrs ago...now now Chris, dont go long please please i beg u.....
First target do you have?
Number of Days without an idiotic request: 0
  • #6,918
  • Jan 27, 2010 1:51pm Jan 27, 2010 1:51pm
Quoting clockwork71
Forex Factory has blocked my ability to post anywhere but my own thread. (I guess because James16 couldn't stay off my thread - which was my fault somehow.) So I have to answer here Marcelnyo, sorry....

If you want ultra-cheap, and looking long term, might as well go with sharebuilder by ING. It's not something to take quick trades off of, but if you want to buy shares to build up net worth, it's a good alternative. Also, they allowed partial shares as well.

Chris
Hi Chris,

I decided to try and demo Lightspeed Trading, because they offer a fee of 0.004 cents a share, and don't put a minimum for shares to buy and they accept foreign customers too, I've sent them an email with some standard questions.

I'm going to look for reviews and comments on sharebuilder, thanks for the suggestion chris
  • #6,919
  • Jan 27, 2010 4:17pm Jan 27, 2010 4:17pm
EUR/CHF seems to have some upwards resistance at the moment and I have a pending order just above it. What do you guys feel about EUR/CHF at the moment?
  • #6,920
  • Jan 27, 2010 5:05pm Jan 27, 2010 5:05pm
I know you like to see some different charts now and then Chris, so here's a FTSE100 Future (Jun 2010) chart from my broker. We're on a clear S+R zone and printing a nice pin. I wont be trading it, as I already have exposure to shares, but it does highlight the 'a chart is a chart' point.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FTSE JUN10 FUT Daily 27th Jan.JPG Size: 92 KB
Click to Enlarge Name: FTSE JUN10 FUT Daily 27th Jan2.JPG Size: 49 KB
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