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Silent Service Method

  • #7,341
  • Mar 1, 2010 5:42am Mar 1, 2010 5:42am
I bet clockwork would be smiling by now about his pound dollar trade..

Nice
  • #7,342
  • Mar 1, 2010 6:01am Mar 1, 2010 6:01am
just stopping in all, heres a little chart im looking at, pretty self explanatory I guess...

RBA rate decision tomoz should be interesting for aussie dollar positions...

NZDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.png Size: 55 KB
Grabbing the bull by the horns!
  • #7,343
  • Mar 1, 2010 8:02am Mar 1, 2010 8:02am
Closed out that GBP USD trade......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 43 KB
Click to Enlarge Name: trade.png Size: 40 KB
  • #7,344
  • Mar 1, 2010 8:04am Mar 1, 2010 8:04am
Quoting whitegoodman
just stopping in all, heres a little chart im looking at, pretty self explanatory I guess...

RBA rate decision tomoz should be interesting for aussie dollar positions...

NZDUSD
This will be an interesting one to watch. On one hand, Australia is doing really well, but their customers aren't. (Except China) This rate decision will be very important to a lot of markets I suspect.
  • #7,345
  • Mar 1, 2010 8:07am Mar 1, 2010 8:07am
Quoting NikolasII
Chris,...
Thanks for the note Nikolas. I am glad that you are starting to think a little differently. I understand the greed part, and that's a hard one to get past. The truth is this though:

Those who do well at trading would do it for free. Money is just the way to keep score. Ask yourself if you would trade differently if it were points and not Lats or Dollars you were earning? If you can get to the point where the money isn't a big deal - it ironically gets easier. Go figure.
  • #7,346
  • Mar 1, 2010 9:25am Mar 1, 2010 9:25am
On the H4 EURGBP we have a nice pinbar. I short this pair for a short time and when I see that it becomes weaker in the background I will extend it to a medium term position.
One can see almost the same at GBPCHF which is the same like EURGBP just upside down.

Regards,
Centaure
  • #7,347
  • Mar 1, 2010 9:33am Mar 1, 2010 9:33am
Quoting clockwork71
Closed out that GBP USD trade......
Very nice profit!

What do you do when a trend is already established and you know you are too late? Do you enter it when there is a good opportunity or do you let the trend alone?
It is because at the moment there a so many pairs which went into a certain direction, I struggle with opening a position but I cannot because I think I just was too late to enter at the beginning of the trend. So the only possibility I see is that I wait for sideway activity to make sure what the market wants to do.
  • #7,348
  • Mar 1, 2010 10:36am Mar 1, 2010 10:36am
Quoting clockwork71
Where are you?
I'm driving back and forth in front of your house! Stalk, stalk!



Just kidding bro!




I am just down Interstate 71, take the exit when it starts to smell real bad and there is lots of garbage by the side of the roads. Beautiful city here in Louisville.
  • #7,349
  • Mar 1, 2010 12:31pm Mar 1, 2010 12:31pm
Quoting calderone
I'm driving back and forth in front of your house! Stalk, stalk!



Just kidding bro!




I am just down Interstate 71, take the exit when it starts to smell real bad and there is lots of garbage by the side of the roads. Beautiful city here in Louisville.
Hey, at least you have one big-assed party to attend every year. Gotta love them ponies!
  • #7,350
  • Mar 1, 2010 12:32pm Mar 1, 2010 12:32pm
Here's one that is starting to look interesting....

If you were to take this trade when it breaks, you are better off not looking at it but every week or two.....it will take a while to hit target.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 48 KB
  • #7,351
  • Mar 1, 2010 12:33pm Mar 1, 2010 12:33pm
Quoting Centaure
On the H4 EURGBP we have a nice pinbar. I short this pair for a short time and when I see that it becomes weaker in the background I will extend it to a medium term position.
One can see almost the same at GBPCHF which is the same like EURGBP just upside down.

Regards,
Centaure

Just read this post. Funny, I am watching it as well....but on a much longer term. lol
  • #7,352
  • Mar 1, 2010 12:47pm Mar 1, 2010 12:47pm

Posted an update to the blog......

http://www.thetraderguy.com


  • #7,353
  • Mar 1, 2010 1:20pm Mar 1, 2010 1:20pm
Quoting clockwork71

Posted an update to the blog......



http://www.thetraderguy.com


Great article!!
  • #7,354
  • Mar 1, 2010 1:25pm Mar 1, 2010 1:25pm
Quoting clockwork71
Closed out that GBP USD trade......

Congrats Chris. I learnt from following this trade of yours, so thanks for that too.

I'm practising drawing S/R zones and I was wondering if you could give me some feedback on these I drew for Cable, when you got a minute.

http://i162.photobucket.com/albums/t...c/gbpusdwk.gif

The spread betting company I use doesn't offer weekly charts that go further back than 2006. Is this enough? (I can't use metatrader yet because I got a mac and virtual pc is dead slow, advfn isn't working etc...)

Thanks!
Seba

ps near 2000 posts read so far, still a long way to go...
  • #7,355
  • Mar 1, 2010 2:13pm Mar 1, 2010 2:13pm
Quoting sebafx
Congrats Chris. I learnt from following this trade of yours, so thanks for that too.

I'm practising drawing S/R zones and I was wondering if you could give me some feedback on these I drew for Cable, when you got a minute.

http://i162.photobucket.com/albums/t...c/gbpusdwk.gif

The spread betting company I use doesn't offer weekly charts that go further back than 2006. Is this enough? (I can't use metatrader yet because I got a mac and virtual pc is dead slow, advfn isn't working etc...)

Thanks!
Seba

ps near 2000...
I'd say your chart looks pretty good.

As far as charting is concerned.....anyone able to help him out? I own 3 PCs, and 0 Macs.
  • #7,356
  • Mar 1, 2010 2:19pm Mar 1, 2010 2:19pm
Since I expect a trend reversal on many pairs for a short to medium time I look for entries there.
At the moment I think EURCAD (long), EURJPY (long), EURUSD (long) could be interesting but I wait for a good timing to enter these trades.
Last week there was a possible entry for EURJPY at the 25th but there did not happen very much and I do not want to enter a trade too early because market can change.
EURCAD has a pinbar on the weekly which took two bars but there is not a daily price action which looks nice.
EURUSD has a lot of contradictory signals at the moment on the daily and the weekly shows the same with its dojis.
  • #7,357
  • Mar 1, 2010 2:44pm Mar 1, 2010 2:44pm
Quoting clockwork71
I'd say your chart looks pretty good.

As far as charting is concerned.....anyone able to help him out? I own 3 PCs, and 0 Macs.
Thanks Chris! I might be starting to get the gist of this S/R thing... I'll keep practising and demo trading.

I think my "mac problem" is pretty much hopeless, spent over a week all in all trying to find the solution but no luck, and too boring for you guys for me to explain. For now I'll use advfn when it works, and I guess at some point I'll end up buying some cheap 2nd hand PC, but I live in london, which means, no space for it!! (Space is the top commodity over here, shame one can't trade it like gold...)

Anyway thanks again Chris for your great help. I wish you many more trades like the Cable one. Cheers!

Seba
  • #7,358
  • Mar 1, 2010 2:54pm Mar 1, 2010 2:54pm
Quoting sebafx
Thanks Chris! I might be starting to get the gist of this S/R thing... I'll keep practising and demo trading.

I think my "mac problem" is pretty much hopeless, spent over a week all in all trying to find the solution but no luck, and too boring for you guys for me to explain. For now I'll use advfn when it works, and I guess at some point I'll end up buying some cheap 2nd hand PC, but I live in london, which means, no space for it!! (Space is the top commodity over here, shame one can't trade it like gold...)

Anyway thanks again Chris for your...
I don't have any macs, but I've seen many refer to the software "parallells" for running win programs perfectly on your mac. Might be worth a look.
  • #7,359
  • Mar 1, 2010 3:37pm Mar 1, 2010 3:37pm
Quoting o990l6mh
I don't have any macs, but I've seen many refer to the software "parallells" for running win programs perfectly on your mac. Might be worth a look.
Thanks man, I checked it and it's like most virtual pcs out there, they need an Intel processor. My mac is the last PowerPc that came out before the switch to Intel, long boring frustrating story. I can run Windows on Q software, but it's way too slow and it won't take higher RAM configurations or work properly... As I say, long boring story. I'll do what I can for now until I can buy a PC for trading.

Thanks for the help though, and by the way, that McGyver pic is bringing tears to my eyes. He's the man.

I bet he could sort out this Mac problem
  • #7,360
  • Mar 1, 2010 5:05pm Mar 1, 2010 5:05pm
Quoting sebafx
Thanks man, I checked it and it's like most virtual pcs out there, they need an Intel processor. My mac is the last PowerPc that came out before the switch to Intel, long boring frustrating story. I can run Windows on Q software, but it's way too slow and it won't take higher RAM configurations or work properly... As I say, long boring story. I'll do what I can for now until I can buy a PC for trading.

Thanks for the help though, and by the way, that McGyver pic is bringing tears to my eyes. He's the man.

I bet he could sort out this Mac problem...
He sure could. Probably use duct tape, a cucumber, and an ink pen to do it too!
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