Silent Service Method

You could just check the index I posted on the last page

I converted Arfer's index to a pdf, and it's attached to the very first post of this thread.

Thanks Arfer!

No worries, I think it does the job for now, the best posts listed. I might do more when I get the time but leave the charts, just go for the profundities...

I just started reading Pring on Price Patterns. So far it is living upto the hype.

update.
done

good breakout.

The fact that the candle two days ago was a pinbar, and was blown through.....makes this pretty convincing as well.

I'm short usdsgd from the 4 hour chart but now it's not looking like the best entry, I'm still reasonably confident. I bought audnzd too, looking ok.

Short usdsgd? I'm not seeing that setup on my charts. Looking at the daily I'd be biased the other direction if any. (My crystal ball is known to not be that well polished though )

Would you please post a chart with your reasons for entry?

Thx

Just so you know, you're buying into a bearish weekly pinbar, that also completed a butterfly pattern (Chris doesn't trade these but I'm a big fan)

LOL...right after I posted the above I opened my charts and AN is showing a 75 pip M15 bar strait up......goes to show you never can tell.

USDJPY has not hit my entry, but it has given a few long signals on the 4H chart and has now printed a PIN bar on the daily chart so I am going to leave my buy stop in place.

Crude Oil Daily Chart

SINGAPORE—Singapore's central bank tightened monetary policy aggressively Wednesday to cool an economy that posted the fastest growth on record in the first quarter and faces rising inflationary risks.

Read it and weep suckers! LOL

I'm only joking, I wasn't expecting this either but I went to bed at more or less break even and woke up 150 pips up. The dilemma now is whether to hold on to the trade and see if it continues to trend down or take profit after an unexpectedly large move which is quite likely to retrace? There's no 4 hour resistance to use either. I think I'll move the stop loss to just above the 1.38 level which is the next s/r level up, that gives it a chance to run whilst still locking in some profit. (moved to 100 pips locked in).

I originally took the trade because it broke through that trendline quite convincingly then retraced back up towards the trendline and on the 4 hour chart there was a hanging man and a lower close so I took that trade but it didn't make a convincing push down straight away so although I was confident about the direction I probably didn't enter on the best of signals. Who knows what direction anything will go when you first enter the trade whether it's a fantastic signal or not? As Chris says at the start of the thread it's only probabilities!

Audnzd made a nice move up overnight too and usdjpy could well be about to make the break today. All in all I'm doing alright at the moment, just got to keep a cool head.

Move up towards the trendline, hanging man, lower close. As you can tell from my entry I wasn't there exactly at the close of the candle and entered a bit higher.

Yes, I just saw that Audusd is going up and nzdusd is going down. If it breaks 1.31 we're on the way up.

Maybe you're thinking about it too much? If you're thinking it's going to go up should you be so worried about the entry rather than just getting in at a good price while it's still near 93?

Nice chart! This ties in nicely with the usdjpy long...

Just a thought. I was in the gym and something struck me. It's a bit of a story but bear with it.

When I first started training I was young and keen to get going. I didn't have much knowledge, strength or muscle but got started and picked up a few tips on the way. It took quite a while and quite a bit of pointing in the right direction by more experienced trainers in order for me to be able to complete the exercises properly with proper form and the right weight for me in order to get the most from the activity. Still being young and keen I got carried away and lost my way slightly, I could do all the exercises and knew what I was doing but I wanted more muscle more quickly and foolishly thought that by increasing the weights I was using prematurely I would get more muscle in a quicker time. As soon as I started doing this I noticed that I wasn't feeling as good as I should, I had an injury or two and it took another trainer to point out to me the error of my ways. If you use too much weight than you are ready for it's next to impossible to use correct form and therefore you don't get the maximum out of the activity and leave yourself open to injuries which put you back in your goals. The moral of the story is that you have to go through the learning process to achieve your goals but the key is, once you've learnt the moves you still have to use proper form and a suitable weight and be patient in order to reach your ultimate goals.

Analogy anyone? Let's change a few words...

When I first started trading I was young and keen to get going. I didn't have much knowledge or capital but got started and picked up a few tips on the way. It took quite a while and quite a bit of pointing in the right direction by more experienced traders in order for me to be able to read the charts properly with proper method and the right position size for me in order to get the most from the activity. Still being young and keen I got carried away and lost my way slightly, I could read the charts and knew what I was doing but I wanted more capital more quickly and foolishly thought that by increasing the position size I was using prematurely I would get more capital in a quicker time. As soon as I started doing this I noticed that I wasn't feeling as good as I should, I had a big loss or two and it took another trader to point out to me the error of my ways. If you use too big a position size than you are ready for it's next to impossible to use correct form and therefore you don't get the maximum out of the activity and leave yourself open to big losses which put you back in your goals. The moral of the story is that you have to go through the learning process to achieve your goals but the key is, once you've learnt the moves you still have to use proper form and a suitable position size and be patient in order to reach your ultimate goals.

The other thing that struck me is that your failures don't diminish you as long as they don't define you. I'm not sure if that's a quote from somewhere? When I train in the gym failure is part and parcel of the game. I lift a weight for 10 reps, if I do 10 reps with proper form I put the weight up and I keep increasing the weight until I fail. The failures are essential in order to do the activity I want to do, it's just part of it. When I place a trade failures are all part of the game, I have to have some failures in order to find the 1000 pip trades. The failures don't diminish me in any way.

Thanks Chris, reading this thread has brought me some much needed clarity. Sorry for the long post.