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Silent Service Method

  • #10,161
  • Jul 31, 2010 10:57am Jul 31, 2010 10:57am
Quoting o990l6mh
Didn't mean to offend or question your analysis, sorry if I did. I've been on vacation and out of the loop for while so I wasn't aware of any trend line debates either.

I was merely making a point of why I, not you or anyone else, have a hard time really befriending trend lines.
No worries, if TL's are too subjective for your taste, it's ok with me, I find them friendly enough on their own.

It does take two to tango after all.
  • #10,162
  • Jul 31, 2010 4:01pm Jul 31, 2010 4:01pm
Quoting Arfer Daily
Maybe you don't like trendlines because you haven't learnt how to draw them properly. There's a definitive method that not many people on this forum know about. (this IS sarcasm and you need to read through about 10 pages ago to get the masterclass on trendline drawing from our new guru who has been strangely silent recently after his efforts to teach us all were not gratefully received).
Found the posts, kind of amusing really.
  • #10,163
  • Jul 31, 2010 4:06pm Jul 31, 2010 4:06pm
New weekend podcast on blog
  • #10,164
  • Aug 1, 2010 1:15am Aug 1, 2010 1:15am
Quoting o990l6mh
Found the posts, kind of amusing really.
He was a funny guy. Fortunately that type don't last too long here.
Position trader - Anything intraweek is just noise...
  • #10,165
  • Aug 1, 2010 1:19am Aug 1, 2010 1:19am
Found this in a book about commodities trading.

"In this game the market has to keep pitching but you don't have to swing. You can stand there with the bat on your shoulder for six months before you get a fat pitch." - Warren Buffet.

Nice.

Does anyone have any experience of point and figure charting? Looks like hard work to determine what a price chart will tell you already?
Position trader - Anything intraweek is just noise...
  • #10,166
  • Aug 1, 2010 2:01pm Aug 1, 2010 2:01pm
Quoting clockwork71
New weekend podcast on blog



i try to keep my posts short now
  • #10,167
  • Aug 1, 2010 2:45pm Aug 1, 2010 2:45pm
Quoting Arfer Daily
Found this in a book about commodities trading.

"In this game the market has to keep pitching but you don't have to swing. You can stand there with the bat on your shoulder for six months before you get a fat pitch." - Warren Buffet.

Nice.

Does anyone have any experience of point and figure charting? Looks like hard work to determine what a price chart will tell you already?

I love P&F charts. For me they filter a lot of noise out of the picture. I don't trade them per se, but I will use them to confirm/correct any line studies I'm utilizing on my primary charting. And if you're talking about drawing your own, I'm sure it has some small educational merit, but Oanda has them at their site for the majors.
  • #10,168
  • Aug 1, 2010 4:10pm Aug 1, 2010 4:10pm
Quoting Low
I love P&F charts. For me they filter a lot of noise out of the picture. I don't trade them per se, but I will use them to confirm/correct any line studies I'm utilizing on my primary charting. And if you're talking about drawing your own, I'm sure it has some small educational merit, but Oanda has them at their site for the majors.
Do you think they are better for longer term trading? I'm thinking of weekly charts.
Position trader - Anything intraweek is just noise...
  • #10,169
  • Aug 1, 2010 4:11pm Aug 1, 2010 4:11pm
Quoting Arfer Daily
Do you think they are better for longer term trading? I'm thinking of weekly charts.
I wouldn't look at a P&F smaller than the daily, and the weekly is the most informative.
  • #10,170
  • Aug 1, 2010 4:19pm Aug 1, 2010 4:19pm
Quoting Low
I wouldn't look at a P&F smaller than the daily, and the weekly is the most informative.
Perfect. What about the box size and reversal for a weekly chart and would you just need to check the chart at the end of the week and trade if a signal has appeared or would you monitor it during the week to check for a new signal? Is it possible to place pending orders for if a double/triple top/catapult/whatever is broken?
Position trader - Anything intraweek is just noise...
  • #10,171
  • Aug 1, 2010 4:33pm Aug 1, 2010 4:33pm
Quoting Arfer Daily
Perfect. What about the box size and reversal for a weekly chart and would you just need to check the chart at the end of the week and trade if a signal has appeared or would you monitor it during the week to check for a new signal? Is it possible to place pending orders for if a double/triple top/catapult/whatever is broken?
Like I said, I don't trade them, I just use them to correct/confirm the placement of SR and TL's.


Side note: Saxon put up links to beta-test FXCM's strategy tester that has P&F and Renko capability here:

http://www.forexfactory.com/showthre...92#post3884492

You'll need to open a demo account, and I find the software pretty processor-intensive (LOL>>>could be the other platforms I'm running simultanously), follow that link and read the next few pages of the thread where Saxon talks about his settings.
  • #10,172
  • Aug 1, 2010 5:19pm Aug 1, 2010 5:19pm
Don't get too obsessed with the EUR/USD pair....there are some pretty interesting EUR/XXX set ups after last week.

EUR/CHF, EUR/JPY are two that come to mind, on the weekly charts....
  • #10,173
  • Aug 2, 2010 1:47am Aug 2, 2010 1:47am
Quoting Low
Like I said, I don't trade them, I just use them to correct/confirm the placement of SR and TL's.


Side note: Saxon put up links to beta-test FXCM's strategy tester that has P&F and Renko capability here:

http://www.forexfactory.com/showthre...92#post3884492

You'll need to open a demo account, and I find the software pretty processor-intensive (LOL>>>could be the other platforms I'm running simultanously), follow that link and read the next few pages of the thread where Saxon talks about his settings.
Great, thanks, I'll have a look.
Position trader - Anything intraweek is just noise...
  • #10,174
  • Aug 2, 2010 3:08am Aug 2, 2010 3:08am
Nzdusd up 0.5%. Looks like Mondays are worthwhile afterall
Eurcad closed last friday -0.2% loss. after being 0.8% up. Ah well
  • #10,175
  • Edited 7:24am Aug 2, 2010 6:40am | Edited 7:24am
I just tried a demo of the AVA Trader platform demo. What a load of crap. I'm just trying their mt4 demo now.

Edit: Oh yes, nice mix of forex and cfd's on a good platform. I'm signing up for this one asap.
Position trader - Anything intraweek is just noise...
  • #10,176
  • Aug 2, 2010 9:36am Aug 2, 2010 9:36am
Well, I don't believe this at all....but you can't fight the charts I suppose. I am still wondering what 1.35 will bring.
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  • #10,177
  • Aug 2, 2010 9:37am Aug 2, 2010 9:37am
Quoting Arfer Daily
I just tried a demo of the AVA Trader platform demo. What a load of crap. I'm just trying their mt4 demo now.

Edit: Oh yes, nice mix of forex and cfd's on a good platform. I'm signing up for this one asap.

Oh yeah - stick with MT4 if it's what you are used to....certainly. I really wish I lived in a country that was free and a little less "protective" of it's citizens. You can "gamble" on the outcome of a sporting event, but can't "speculate" on the price of corn. Go figure.
  • #10,178
  • Aug 2, 2010 10:11am Aug 2, 2010 10:11am
Quoting clockwork71
You can "gamble" on the outcome of a sporting event, but can't "speculate" on the price of corn. Go figure.
Correction: You can only gamble on that sporting event if you're sitting in a Vegas Casino... Try to place that bet anywhere else in the USA (including online) and you've broken the law.

I agree with you though -- This is the land of the free. Let me do what I want with my own money (so long as it doesn't hurt others).

Only my wife should be able to tell me what I can / can't gamble on!!
  • #10,179
  • Aug 2, 2010 10:16am Aug 2, 2010 10:16am
Quoting InfinitySL
Correction: You can only gamble on that sporting event if you're sitting in a Vegas Casino... Try to place that bet anywhere else in the USA (including online) and you've broken the law.

I agree with you though -- This is the land of the free. Let me do what I want with my own money (so long as it doesn't hurt others).

Only my wife should be able to tell me what I can / can't gamble on!!

Correct, in Nevada I should have stipulated. But......I believe all states have lotteries and "scratch-off" tickets.....
  • #10,180
  • Aug 2, 2010 10:26am Aug 2, 2010 10:26am
Quoting clockwork71
Well, I don't believe this at all....but you can't fight the charts I suppose. I am still wondering what 1.35 will bring.
I still like the look of 1.45 for a short.
Position trader - Anything intraweek is just noise...
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