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Silent Service Method

  • #7,181
  • Feb 12, 2010 6:21am Feb 12, 2010 6:21am
Quoting clockwork71
We really are. I am 38, and remember the 80's fairly well. (Well, the bits when I wasn't partying.....lol) Every since about 84, we have had one strip mall after another built. In Columbus, we would build these big malls....only to build another massive and "better" mall a year or two later.

It's gotten so bad that City Center, which once attracted people all the way from places like Buffalo, Pittsburgh, Cleveland, and Wheeling now is this empty huge structure in the center of downtown. It' going to be a park. Probably a better use of land...
Yeah, we had fun in the 80's! Remember when we used to drive around in a black ferrari daytona!! Oh, wait-that was a tv show.
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  • #7,182
  • Feb 12, 2010 6:22am Feb 12, 2010 6:22am
BY the way Chris, I hate aud/nzd and I'm adding cad to that list. lol
  • #7,183
  • Feb 12, 2010 7:02am Feb 12, 2010 7:02am
China is raising reserve requirements for the banks there. It's essentially a back door way to raise interest rates. They are trying to kill of spending/lending there.

This is bad for the markets, because the only thing anyone can say is "I believe in the China story." China has been a major excuse for the market rally. I think that China cooling things down twice in such a short time is slapping some people with a bit of reality.

Watch for the downside.
  • #7,184
  • Feb 12, 2010 7:05am Feb 12, 2010 7:05am
Quoting calderone
Yeah, we had fun in the 80's! Remember when we used to drive around in a black ferrari daytona!! Oh, wait-that was a tv show.
Ahhh yess......but I looked and acted more like this:
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  • #7,185
  • Feb 12, 2010 7:08am Feb 12, 2010 7:08am
Quoting clockwork71
The Yuan/Remembi is pegged, so there really isn't a market there.
I told u, Euro Mash
http://www.forexfactory.com/showthre...55431&page=476
  • #7,186
  • Edited 7:30am Feb 12, 2010 7:12am | Edited 7:30am
Quoting clockwork71
Ahhh yess......but I looked and acted more like this:


They been down here last year and I was there, of course.... the joints hurted a bit next day.... aging sucks....

http://m.i.uol.com.br/iron-maiden-uol-425.jpg
Many share my views with me. But I don't share them with them...
  • #7,187
  • Feb 12, 2010 7:16am Feb 12, 2010 7:16am
agreed
PS:u still in NU short ?

Quoting clockwork71
China is raising reserve requirements for the banks there. It's essentially a back door way to raise interest rates. They are trying to kill of spending/lending there.

This is bad for the markets, because the only thing anyone can say is "I believe in the China story." China has been a major excuse for the market rally. I think that China cooling things down twice in such a short time is slapping some people with a bit of reality.

Watch for the downside.
  • #7,188
  • Feb 12, 2010 7:21am Feb 12, 2010 7:21am
Quoting clockwork71
I think that China cooling things down twice in such a short time is slapping some people with a bit of reality.

Watch for the downside.
Yeah... and Trichet's boys are with hands itching to use any dumb excuse to devaluate hard the Euro....

Interesting times to come...

Cheers!
Many share my views with me. But I don't share them with them...
  • #7,189
  • Feb 12, 2010 8:16am Feb 12, 2010 8:16am
There is something really annoying me
First i trade long term my position could be open for weeks
I keep adding same lot size at some certain point But now have huge positions open.
Which is better keep going as i do or close and use biger lot size
  • #7,190
  • Feb 12, 2010 8:40am Feb 12, 2010 8:40am
Quoting egkid
There is something really annoying me
First i trade long term my position could be open for weeks
I keep adding same lot size at some certain point But now have huge positions open.
Which is better keep going as i do or close and use biger lot size

Hmmm. I use small positions and add on as I go. Or if I set a target I may use regular size and kill it at my target. I do not scale out. Just me.
  • #7,191
  • Feb 12, 2010 9:20am Feb 12, 2010 9:20am
Quoting calderone
Hmmm. I use small positions and add on as I go. Or if I set a target I may use regular size and kill it at my target. I do not scale out. Just me.

I would agree with this post. If I do a "core position", it's normally small. I almost never scale out.
  • #7,192
  • Feb 12, 2010 9:45am Feb 12, 2010 9:45am
Quoting calderone
Hmmm. I use small positions and add on as I go. Or if I set a target I may use regular size and kill it at my target. I do not scale out. Just me.
Well sound so good
One more question
Tell me if this wrong
When have some small positions in difference point of entry better than one point of entry With bigger Lot size ( it's like divide my risk)

Thanks bro
  • #7,193
  • Feb 12, 2010 12:15pm Feb 12, 2010 12:15pm
Quoting clockwork71
I would agree with this post. If I do a "core position", it's normally small. I almost never scale out.

I've done a lot of target trades lately and wondered if I was going to ever get there. lol The Greece issue and China really caused some nonsense. Lots of back and forth movement making me consider widening my stops.

Don't like doing the limbo!

Scaling out may be fine if that's what a trader likes to do. Let part run for fun etc. I just like having more on in the move to a target and then I'm done.
If I take a long term trade, I'll use a mini lot and let it run with room to breathe.
I'm waiting on gbp/jpy to do a weekly run! Now that would be sweet!
  • #7,194
  • Feb 12, 2010 12:18pm Feb 12, 2010 12:18pm
Quoting egkid
Well sound so good
One more question
Tell me if this wrong
When have some small positions in difference point of entry better than one point of entry With bigger Lot size ( it's like divide my risk)

Thanks bro
Dividing risk is very smart. I would park orders on the other side so when price broke through I would be in, if not-no problem. Takes practice but if you catch a runner.....really sweet.

Haven't had a runner this week! lol
  • #7,195
  • Feb 12, 2010 12:22pm Feb 12, 2010 12:22pm
Quoting clockwork71
I would agree with this post. If I do a "core position", it's normally small. I almost never scale out.
Also want to say that your instructional material is top notch and benefits all levels of traders. I am still working my way through it and enjoying the work you put into it.

Looking forward to a pot of coffee and some instruction this weekend!
  • #7,196
  • Feb 12, 2010 12:37pm Feb 12, 2010 12:37pm
Quoting calderone
Dividing risk is very smart. I would park orders on the other side so when price broke through I would be in, if not-no problem. Takes practice but if you catch a runner.....really sweet.

Haven't had a runner this week! lol
Thanks bro for honest Reply that really help me to decided what i do
Wish you much green ++++
  • #7,197
  • Feb 12, 2010 3:23pm Feb 12, 2010 3:23pm
Quoting egkid
Thanks bro for honest Reply that really help me to decided what i do
Wish you much green ++++
Hey, no sweat! Learned everything that works from Chris, Nial, DT, Grashid, Mike W, and learned all about money management from Lionsden University of Hard Knocks!!

Maybe Lionsden would give you guys a good laugh about our usd/cad and cad/jpy trades last night.

2 monkeys and a football! lol
  • #7,198
  • Feb 12, 2010 6:39pm Feb 12, 2010 6:39pm
hi egkid
i have tried what u have said , and tried scaling in and out too .
what had worked best for me is to set a target and close your position at a target ( the target should be a significant level ) and wait again to reenter,the market will give u the chance to reenter at a better price later . leaving big position floating and not banked it is not what i will do anymore .
this the best way to control greed , stress , and the shoulda and coulda .
we trade the levels . even if sometimes the market show me a sign of reverse i close my position before reaching target . and reenter again , my last 2 trade of EU is an example .
bank your profit my friend and compound it .
samer

Quoting egkid
There is something really annoying me
First i trade long term my position could be open for weeks
I keep adding same lot size at some certain point But now have huge positions open.
Which is better keep going as i do or close and use biger lot size
  • #7,199
  • Feb 12, 2010 6:44pm Feb 12, 2010 6:44pm
1. IMHO best thread and traders WITH insight on FF.

2. Trade trends...don't be foolish with your money.

3. Give back to new traders.

4. Best band of all time...Led Zepplin...oh yea baby !!

5. Samer...most improved trader of the year...keep it up my friend !!



humble golferfx
  • #7,200
  • Feb 12, 2010 6:57pm Feb 12, 2010 6:57pm
man where have u been ? it is been a long time u didnt post .
waiting for more posts from u
LoL u should change number 5 to be the worst trader of the year . more accurate
samer

Quoting golferfx
1. IMHO best thread and traders WITH insight on FF.

2. Trade trends...don't be foolish with your money.

3. Give back to new traders.

4. Best band of all time...Led Zepplin...oh yea baby !!

5. Samer...most improved trader of the year...keep it up my friend !!



humble golferfx
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