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Silent Service Method

  • #9,581
  • Jul 5, 2010 10:57am Jul 5, 2010 10:57am
Quoting clockwork71
The alcohol content of Hoegaarden is 4.9%, I am not sure if that's less. I am looking for Piraat, which according to the website is something closer to 9%, which technically makes it a wine as far as the state is concerned.

It's funny that they get watered down over here, when we have Everclear, which most Europeans couldn't handle. It's essentially a grain alcohol that comes in at 90%. (Can be used as a race fuel actually.) Clean moonshine for the most part. But a beer that is 11% is a problem. Go figure.
I think beer tastes best at around 5%. The strongest beer you can buy in Sweden is ~10%. But I know there is a Scottish beer, "Sink the Bismarck!", which is 41%. Probably tastes like windscreen washer fluid
  • #9,582
  • Jul 5, 2010 11:36am Jul 5, 2010 11:36am
Quoting golferfx
Hey erdah,

You had the right idea...my 2 cents as I'm not a big proponent of touch trading or anything near touch trading...
Thank you golferfx. I'm so glad I started posting in this thread. It is such a friendly atmosphere with positive and encouraging members, nice!

EURUSD has been very quite today. Looking at the 1H chart, would this qualify as a H&S pattern?
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  • #9,583
  • Jul 5, 2010 12:11pm Jul 5, 2010 12:11pm
Well, I just did my month end numbers, and last month was 'interesting'.

Last month I made more winning trades than losing trades for the first time since starting this method 3 months ago.

The interesting part is that I ended the month down with - 8% equity.

I made 17 trades. ( 17 trades closed, some of which were opened in June)
9 - winners or BE
8 - losers

8 additional orders were never even filled.

The 8 losers accounted for - 13% equity.
The 9 winners accounted for + 6% equity.

It is obvious when looking at the charts that once the market started to consolidate many of my trades went BE. So it may be time to switch to a box trading strat with some TP's.

I think it is interesting to note that there were 8 additional orders that were never even filled. If I had used a direct entry strategy instead of a pending order strategy I would have 8 additional losses for the month.

Overall I am happy. My trading has improved greatly with the help of the posters on this thread. I am constantly learning and honing my trading. I am looking forward to a profitable July.

Good trading to all!
  • #9,584
  • Jul 5, 2010 2:31pm Jul 5, 2010 2:31pm
Quoting jharvey407
Well, I just did my month end numbers, and last month was 'interesting'.

Last month I made more winning trades than losing trades for the first time since starting this method 3 months ago.

The interesting part is that I ended the month down with - 8% equity.

I made 17 trades. ( 17 trades closed, some of which were opened in June)
9 - winners or BE
8 - losers

8 additional orders were never even filled.

The 8 losers accounted for - 13% equity.
The 9 winners accounted for + 6% equity.

It is obvious when looking at the charts that once...
I have to agree, I have been kind of thinking this for a minute now. I think we are going to see consolidation for a while, probably the summer. That isn't all that uncommon.

You may find you are more suited for "box trading" as well. I know some people are. Look around and see if you notice something that looks good. I know GBP/CHF has been a good one the last several months for this kind of trading....
  • #9,585
  • Jul 5, 2010 2:32pm Jul 5, 2010 2:32pm
Quoting erdah
I think beer tastes best at around 5%. The strongest beer you can buy in Sweden is ~10%. But I know there is a Scottish beer, "Sink the Bismarck!", which is 41%. Probably tastes like windscreen washer fluid

HA HA! Great name for a Scottish beer. Looks like I better get Maggioz to sneak some over for me!
  • #9,586
  • Jul 5, 2010 3:38pm Jul 5, 2010 3:38pm
Quoting clockwork71
HA HA! Great name for a Scottish beer. Looks like I better get Maggioz to sneak some over for me!
I wonder if that brand sells a lot in Germany...?
  • #9,587
  • Jul 5, 2010 4:23pm Jul 5, 2010 4:23pm
Quoting clockwork71
HA HA! Great name for a Scottish beer. Looks like I better get Maggioz to sneak some over for me!
Havent actually heard of it before but anytime just ask and I'll be therehttp://cdn.forexfactory.com/images/icons/icon6.gif

http://www.brewdog.com/blog-article.php?id=251
  • #9,588
  • Jul 5, 2010 5:35pm Jul 5, 2010 5:35pm
I was looking at stock signals, and although I am not a MA type of guy, I know that a lot of people are into the 50/200 cross, which makes it somewhat predictive. Check out this scan from stockcharts.com:
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  • #9,589
  • Jul 5, 2010 5:36pm Jul 5, 2010 5:36pm
Quoting Maggioz
Havent actually heard of it before but anytime just ask and I'll be therehttp://cdn.forexfactory.com/images/icons/icon6.gif

http://www.brewdog.com/blog-article.php?id=251
He he. I just looked at the blog. Those two guys look a lot like these kids that live down the street. Wouldn't surprise me either.
  • #9,590
  • Jul 5, 2010 8:26pm Jul 5, 2010 8:26pm
Updated my blog.

Tomorrow's game better produce a Dutch win. I am looking for 3-1.
  • #9,591
  • Jul 5, 2010 8:27pm Jul 5, 2010 8:27pm
Quoting clockwork71
I was looking at stock signals, and although I am not a MA type of guy, I know that a lot of people are into the 50/200 cross, which makes it somewhat predictive. Check out this scan from stockcharts.com:

Great observation, better to walk with the herd then get trampled going against it alone.....

L
  • #9,592
  • Jul 6, 2010 12:28am Jul 6, 2010 12:28am
Quoting lionsden
Great observation, better to walk with the herd then get trampled going against it alone.....

L
Thanks. I hear a lot of people talk about being the making the most money going against that herd.......but none of them do it. lol

You need other people to push a trade in your direction. It's that simple.
  • #9,593
  • Jul 6, 2010 9:17am Jul 6, 2010 9:17am
Check out the GBP/CHF
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  • #9,594
  • Jul 6, 2010 10:30am Jul 6, 2010 10:30am
Quoting clockwork71
Thanks. I hear a lot of people talk about being the making the most money going against that herd.......but none of them do it. lol

You need other people to push a trade in your direction. It's that simple.
While I tend to agree with you Chris, I did find this article somewhat amusing (it's written very tongue and cheek). Then again, they aren't talking about the herd, just conventional wisdom on wall-street.
http://www.ft.com/cms/s/3/d5976b8e-8...44feabdc0.html

It's by the FT, so you may need to register with them in order to read their articles.
  • #9,595
  • Jul 6, 2010 2:25pm Jul 6, 2010 2:25pm
Dow was up about 165 at one point this morning. At 3 pm, stocks are going negative in NY. Ok, so are we all clear that the direction is down now?

But there are going to be people talking on the television about how "cheap" things are, if you have a "long term time horizon."

That would be the "Hold and Prey" strategy they refer to.
  • #9,596
  • Jul 6, 2010 3:41pm Jul 6, 2010 3:41pm
Holland 3
Uruguay 2

My prediction was good until the 90th minute or so. I thought for sure I would be correct.....Oh well.

Hope the Spanish can knock off Germany......I think I favor Holland against Spain more than Germany.....
  • #9,597
  • Jul 6, 2010 3:46pm Jul 6, 2010 3:46pm
USD seemed pretty weak today.


Well Holland didnt look that good today.. Hey lets hope for Germany, the soccer they played is really the best i've seen during the hole cup
  • #9,598
  • Jul 6, 2010 4:03pm Jul 6, 2010 4:03pm
Quoting tobias24
USD seemed pretty weak today.


Well Holland didnt look that good today.. Hey lets hope for Germany, the soccer they played is really the best i've seen during the hole cup
Germany? Not biased are you? lol

Actually, you are correct, Germany has looked the best by far this WC.
  • #9,599
  • Jul 6, 2010 7:51pm Jul 6, 2010 7:51pm
Unfortunately I only got about 200 pips out of this, there was quite a bit more to be had... (moved stop up too quickly i guess). Even the bounce at 1.00 looks textbook to me...

Comments attached. Should have posted this sooner
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  • #9,600
  • Jul 6, 2010 9:13pm Jul 6, 2010 9:13pm
Quoting InfinitySL
Unfortunately I only got about 200 pips out of this, there was quite a bit more to be had... (moved stop up too quickly i guess). Even the bounce at 1.00 looks textbook to me...

Comments attached. Should have posted this sooner
Attachment

Notice how you said "I only got 200 pips out of this one." That's a good sign that you are looking at the big picture. I remember thinking 80 pips was a big deal.....
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