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Silent Service Method

  • #7,581
  • Mar 12, 2010 3:34am Mar 12, 2010 3:34am
Thanks to everyone in this great thread for your responses to my charts, the encouragement and help you continue to give me. You're a top bunch!!
  • #7,582
  • Mar 12, 2010 5:09am Mar 12, 2010 5:09am
cool, another chart then

i know i read in the thread there's a minimum volume you consider in stocks, but i can't remember the number. Maybe this stock is under the minimum... please remind me the minimum if you can cheers!
Attached Image(s) (click to enlarge)
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  • #7,583
  • Mar 12, 2010 7:15am Mar 12, 2010 7:15am
Quoting clockwork71
While I am looking to short the AUD.....due to some observations about it struggling up here - I will wait just like Samer here for an actual move. I have found that almost every time I put a position on in anticipation - I get pummeled.
Same here, just been pummeled with my U/CAD long now it's made 19 month lows. Need to wait for a reversal signal now, to get back in long.

Chris
  • #7,584
  • Mar 12, 2010 7:39am Mar 12, 2010 7:39am
Quoting sebafx
cool, another chart then

i know i read in the thread there's a minimum volume you consider in stocks, but i can't remember the number. Maybe this stock is under the minimum... please remind me the minimum if you can cheers!

It's more like a minimum price. I like to see a stock that's traded quite a bit during a day.....at least 500k shares as a rule of thumb.....

I won't trade penny stocks, etc.

Chris
  • #7,585
  • Mar 12, 2010 8:34am Mar 12, 2010 8:34am
Hey Chris,

I've been demo trading for over five months now and finally went live on Monday. Thanks for the foundational lessons you're teaching here. More power to you.
  • #7,586
  • Mar 12, 2010 8:54am Mar 12, 2010 8:54am
Quoting Deen
Hey Chris,

I've been demo trading for over five months now and finally went live on Monday. Thanks for the foundational lessons you're teaching here. More power to you.

Congrats Deen -

Best of luck!
  • #7,587
  • Mar 12, 2010 9:00am Mar 12, 2010 9:00am
[quote=sebafx;3541400]thanks for the tip man, unfortunately there's no mt4 for mac and my virtual pcs are too slow, haven't been able to sort this out yet.

I am running MT4 on Mac using Parallels. It works perfectly. Hope it helps.
Cheers
  • #7,588
  • Edited 11:46am Mar 12, 2010 11:34am | Edited 11:46am
Quoting egkid
My eyes also on this pair , not understand what waiting for to move up!!
Nuts pair
http://www.forexfactory.com/showthre...18#post3525518
As i said , NUTS
first losing trade since while because i break my rule and trade it.
  • #7,589
  • Mar 12, 2010 11:52am Mar 12, 2010 11:52am
IF US fail to over come what's happening and lose the balance could be The CAD the new safe heaven?

I will just post an interesting chart i found on great report
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  • #7,590
  • Mar 12, 2010 12:20pm Mar 12, 2010 12:20pm
Quoting egkid
IF US fail to over come what's happening and lose the balance could be The CAD the new safe heaven?

I will just post an interesting chart i found on great report
I am thinking that it's more of a run to North America.....Canada might be a more sound economy to invest in than the USA.....but the USA is better than the UK/Europe and certainly Japan.....

Chris
  • #7,591
  • Mar 12, 2010 12:35pm Mar 12, 2010 12:35pm
Quoting clockwork71
I am thinking that it's more of a run to North America.....Canada might be a more sound economy to invest in than the USA.....but the USA is better than the UK/Europe and certainly Japan.....

Chris
Also Canada's economy relies on American consumption, particularly in regards to oil, which as we all know is very dollar-sensitive.

If Canada found a way to export more oil globally, their economy would gain a level of independence necessary to justify it's currency becoming a "safe-haven", yet a majority of the transportation infrastructure for their oil (read: pipelines) is privately owned by American companies.
  • #7,592
  • Mar 12, 2010 1:38pm Mar 12, 2010 1:38pm
Quoting clockwork71
#5) Gaining volume
#6) Absolutely parabolic move.....they always pull back sooner or later.

NICE FIND.
Blast from the past: MDVN printed an awesome looking pinbar on 12/3/09 which failed to pan out at the time (you can sort of see the pin on the lower left corner of the box I drew on this chart).

A few days ago this stock gave us a lesson in how careful you have to be in analyzing stocks and the particular risks that stocks have the currencies really don't. Medivation is (was?) a biotech firm that did research on Alzheimers drugs. Turns out their drug had a particularly bad trial and this is what happened:

http://i437.photobucket.com/albums/q...03-12_MDVN.png

My Favorite part is that it broke out higher the day before this happened... The pinbar from 12/3 was telling you to go short, but you probably would have been stopped out long before you would have benefited from this move.

Long story short: Be careful out there!
  • #7,593
  • Mar 12, 2010 1:56pm Mar 12, 2010 1:56pm
Quoting InfinitySL
Blast from the past:...
Ouch.
  • #7,594
  • Mar 12, 2010 4:02pm Mar 12, 2010 4:02pm
clock seems you are the maestro of stocks, do you have any secrets to find trade opportunities on the asx . It seems like this market is just so difficult to find any trades (in terms of pa there is no such thing ) my guess is due to low volumes all the time. I mean you might find a pin on 1 stock every 3 to 6 months if your lucky, the other times its just red or green candles about the same size as a mini size mars bar every day.

the daily chart is what i look at, did try weekly but its kind of the same story as the daily just not as many gaps but still flat most of the time. even the big banks dont really show much pa ever.

could the asx possibly be one of the worse markets to trade technically? (apart from a Bangladesh or similar stock exchange of course
  • #7,595
  • Mar 12, 2010 10:38pm Mar 12, 2010 10:38pm
Quoting supermatt
clock seems you are the maestro of stocks, do you have any secrets to find trade opportunities on the asx . It seems like this market is just so difficult to find any trades (in terms of pa there is no such thing ) my guess is due to low volumes all the time. I mean you might find a pin on 1 stock every 3 to 6 months if your lucky, the other times its just red or green candles about the same size as a mini size mars bar every day.

the daily chart is what i look at, did try weekly but its kind of the same story as the daily just not as many gaps...
I have to admit that the ASX was a market I traded for a short time only. There are just so many other markets out there to trade than Aussie stocks. Japan is much better, as well as Hong Kong in my opinion.

I know that white_goodman tends to follow NY stocks, and he's in Sydney....if that tells you anything.....
  • #7,596
  • Mar 12, 2010 11:04pm Mar 12, 2010 11:04pm
yeah i agree i have followed asx for a fair while as my dad trades it full time. he always asks me to give him trades but i keep trying to tell him the asx doesnt provide any technicals and is extremely hard to read due to low volumes and everything looking stagnant all the time.

nyse and dow are nearly like forex in the way that pa seems to occur frequently. anything with volume and pa is ALOT easier to trade,

well anyway thanks clock for your reply
  • #7,597
  • Mar 13, 2010 12:28am Mar 13, 2010 12:28am
Quoting aserbfx
ebay.
nice breakout.
update.
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meine augen sind die sterne
  • #7,598
  • Mar 13, 2010 4:37am Mar 13, 2010 4:37am
Chris mainly and anyone else trading stocks.

I have recently started to look at Stock Charts mainly at www.freestockcharts.com but unfortunately they only have US & Canadain Stocks.

Questions:

Do you know of any broker (Not an mt4 Broker) who has Hong Kong, Japanese, European, USA & Canada Stocks?

When trading stocks, does the broker offer leverage just like Forex?

www.freestockcharts.com is very good when charting. Is there a free chart site with the 4 Exchanges that someone can practice with?

I want to take a longer/patient style of trading instead of sitting and waiting for price to come to round numbers/Fibs, meaning i want the trades to come to me not me looking for them....................

Cheers.
  • #7,599
  • Mar 13, 2010 7:21am Mar 13, 2010 7:21am
Quoting Danku
Chris mainly and anyone else trading stocks.

I have recently started to look at Stock Charts mainly at www.freestockcharts.com but unfortunately they only have US & Canadain Stocks.

Questions:

Do you know of any broker (Not an mt4 Broker) who has Hong Kong, Japanese, European, USA & Canada Stocks?

When trading stocks, does the broker offer leverage just like Forex?

www.freestockcharts.com is very good when charting. Is there a free chart...
Interactive Brokers: One of their taglines is: Stocks, Bonds, Options, Future, Forex Over 80 Markets in a single IB Universal Account. Check out this page for all the markets/exchanges you can trade on from your single account: http://www.interactivebrokers.com/en...?ib_entity=llc

Only downside is for the foreign markets you'll pay to get their data streamed to you $X/mo -- depends on the market.
  • #7,600
  • Mar 13, 2010 8:47am Mar 13, 2010 8:47am
Quoting Danku
Chris mainly and anyone else trading stocks.

I have recently started to look at Stock Charts mainly at www.freestockcharts.com but unfortunately they only have US & Canadain Stocks.

Questions:

Do you know of any broker (Not an mt4 Broker) who has Hong Kong, Japanese, European, USA & Canada Stocks?

When trading stocks, does the broker offer leverage just like Forex?

www.freestockcharts.com is very good when charting. Is there a free chart site...
As far as a free site for chart practice.....I do not know....Can someone help him out?

Chris
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