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Silent Service Method

  • #10,481
  • Aug 23, 2010 6:32am Aug 23, 2010 6:32am
Quoting 4xAddict
Hi Guys,

I have done extensive research into this area over the past couple of years and have to be honest that the iPhone and associated apps are MUCH better than the win mobile running MT4 option.

THe main reasons I say this are:

HTC make excellent phones but unfortunately Bill Gates' mob make s&*t operating systems and winMo is one of the worst.

MT4 mobile is a cut down version of the real thing and is not a replacement for the real thing.

The iPhone software from Dukascopy is probably the best mobile app I have found as it allows you...
Before I switched to trading off of the daily chart I traded off of the hourly chat with MT4 running on a T-Mobile Wing (HTC Hero) with Windows Mobile 6. Although the MT4 platform is a bit stripped down it worked fine.

I had my home computer send my text messages when I need to check the charts and I placed/adjusted trades from my phone.

I traded this way for a couple of years with no trouble.

JH
  • #10,482
  • Aug 23, 2010 6:43am Aug 23, 2010 6:43am
I am finally getting my patience under control, and have been focusing on the reasons not to enter trades, as opposed to the reasons to enter trades.

The result;

Less trades, more profit.

Last month I made 25 trades with 15 losers, for a draw down of about 8%.

This month I have made 8 trades with 1 loser (3 of these trades are still open and running in profit), for an equity increase of + 2.5%

Thanks for all of the help and encouragement. It's finally all starting to come together.
  • #10,483
  • Aug 23, 2010 12:32pm Aug 23, 2010 12:32pm
http://i36.tinypic.com/10qjx3s.png

http://i35.tinypic.com/zxmbnp.png
  • #10,484
  • Aug 23, 2010 12:37pm Aug 23, 2010 12:37pm
Closed my gbp-nzd long today. +650 pips.

Nice number, but the position size was so small I will be looking for a better entry later. I'm not willing to keep paying that swap as it runs against me for what amounts to a pretty small payout.
  • #10,485
  • Aug 23, 2010 12:38pm Aug 23, 2010 12:38pm
Quoting jharvey407

Less trades, more profit.
The difference between success and failure.
  • #10,486
  • Aug 23, 2010 2:37pm Aug 23, 2010 2:37pm
A different look at the CHF:

http://www.investingcontrarian.com/f...swiss-economy/
  • #10,487
  • Aug 23, 2010 3:21pm Aug 23, 2010 3:21pm
Quoting Low
Closed my gbp-nzd long today. +650 pips.

Nice number, but the position size was so small I will be looking for a better entry later. I'm not willing to keep paying that swap as it runs against me for what amounts to a pretty small payout.
What is this bullshit? You didn't remortgage the house for this trade? lol

  • #10,488
  • Aug 23, 2010 3:22pm Aug 23, 2010 3:22pm
Quoting gsseen
When is this "low volume" holiday season supposed to wind up exactly? My first year of trading I never even noticed (as most probably don't), the second year I heard about it but things must have been crazy or I must have been changing strategy lol as I didn't take much notice. This time I can see the difference. Obviously I don't live in the States. Cheers

It tends to end after the Labor Day holiday.....so I would say Sept 7th or so. It could be before then, but traditionally the summer "ends" on that day for most people.
  • #10,489
  • Aug 23, 2010 3:25pm Aug 23, 2010 3:25pm
Quoting Low
A different look at the CHF:

http://www.investingcontrarian.com/f...swiss-economy/

Thanks for the post. I think that the Swiss have MAJOR issues on their hands due to all those bad loans as well......I wouldn't want to be a SNB banker these days.

*** Edit ***

Yes I would, I would rather be an SNB banker than hang off the side of buildings like I have been doing lately!
  • #10,490
  • Aug 23, 2010 5:15pm Aug 23, 2010 5:15pm
Quoting clockwork71
I would rather be an SNB banker than hang off the side of buildings like I have been doing lately!
Now come on Chris, tell us the truth... Are you really Harold Lloyd?

I'm nowhere near taking a trade yet, nothing stacks up on the weeklies for me at the moment.
Position trader - Anything intraweek is just noise...
  • #10,491
  • Aug 23, 2010 6:40pm Aug 23, 2010 6:40pm
Quoting Arfer Daily
Now come on Chris, tell us the truth... Are you really Harold Lloyd?

I'm nowhere near taking a trade yet, nothing stacks up on the weeklies for me at the moment.
The one thing about trading the weeklies is that you will see the set up for a long term run soon.....just be patient my friend.

Chris
  • #10,492
  • Aug 23, 2010 7:09pm Aug 23, 2010 7:09pm
Quoting clockwork71
The one thing about trading the weeklies is that you will see the set up for a long term run soon.....just be patient my friend.

Chris
Maybe this is the best time of year to be sitting and watching? When the direction does reveal itself it should be a good run?
Position trader - Anything intraweek is just noise...
  • #10,493
  • Aug 23, 2010 10:06pm Aug 23, 2010 10:06pm
Chris, are you not the Lemmy of trading? LOL!

http://multiplayerblog.mtv.com/wp-co...9/02/lemmy.jpg
Position trader - Anything intraweek is just noise...
  • #10,494
  • Aug 23, 2010 10:29pm Aug 23, 2010 10:29pm
Quoting Arfer Daily
Maybe this is the best time of year to be sitting and watching? When the direction does reveal itself it should be a good run?
Well, the idea is that when the larger sized traders and investment banks get back to work, it should throw the market in a direction.....

When that happens - it tends to be kinda obvious.
  • #10,495
  • Aug 23, 2010 10:31pm Aug 23, 2010 10:31pm
Quoting Arfer Daily
Chris, are you not the Lemmy of trading? LOL!

http://multiplayerblog.mtv.com/wp-co...9/02/lemmy.jpg

No. Nobody is as cool as Lemmy Kilmister. In fact, in this part of the world - he's considered a legend, if not a God.

  • #10,496
  • Edited 2:28am Aug 24, 2010 2:26am | Edited 2:28am
This chart shows the validation of the head and shoulder on the 4hr chart. The TL1 (trend line) was broken and price moved down to test the neck line which coincide with the TL2. TL2 and the neck line were later broken and both confirmed. This chart also show the successful break of the pin bar at neck line support.

This formation could provide about 600pips. The question is could price reach the 1.2160 (S1) target area for the h&s formation? If price does reach the target, I might as well target the S2. However, since forex is full of supprises, I will look to reverse my position if the TL3 is broken and confirmed.

HAPPY TRADING

Femi
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 103 KB
  • #10,497
  • Aug 24, 2010 3:36am Aug 24, 2010 3:36am
Quoting clockwork71
Well, the idea is that when the larger sized traders and investment banks get back to work, it should throw the market in a direction.....
Direction...wouldn't that be nice.
  • #10,498
  • Aug 24, 2010 7:35am Aug 24, 2010 7:35am
Quoting femfam
This chart shows the validation of the head and shoulder on the 4hr chart. The TL1 (trend line) was broken and price moved down to test the neck line which coincide with the TL2. TL2 and the neck line were later broken and both confirmed. This chart also show the successful break of the pin bar at neck line support.

This formation could provide about 600pips. The question is could price reach the 1.2160 (S1) target area for the h&s formation? If price does reach the target, I might as well target the S2. However, since forex is full of supprises,...
The EUR has shown us a couple of reasons to be short. It appears that the beatdown is on.
  • #10,499
  • Aug 24, 2010 7:49am Aug 24, 2010 7:49am
Target hit in USD/CAD trade finally.....

Now that I am flat of that trade - it's going to break out. I can just feel it. lol
  • #10,500
  • Aug 24, 2010 9:42am Aug 24, 2010 9:42am
Quoting clockwork71
Target hit in USD/CAD trade finally.....

Now that I am flat of that trade - it's going to break out. I can just feel it. lol
That's funny!

I wished I would have played that weekly pin along side you but I managed to short cad/jpy to 7914. It was the doji -pin garbage that got me in.

Oh well, on to the next one.
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