True, however remember that you are human. You will make mistakes. I promise you this. But with time and patience, the "mistakes" will be less and less. But I once had a A++ setup in the USDCHF pair that I wanted to hold onto for months. Later that ...

Silent Service Method

A chart we were watching on Wednesday in my webinar. Needless to say, I didn't take this trade. Ugh. (Had to work on Thursday, and plain forgot about it!) I got reminded by an email that someone sent me with a thanks for helping them make a lot of ...

Silent Service Method

For starters, congrats on that trade(s). That's great! Let's use simple math, and perhaps this will help you. Let's say you account has 10k in it. With those three trades, you made $500 for a 5% return. If your risk profile is 1% per trade....you ...

Silent Service Method

Yes, and in fact....charts like this show the value of a larger time frame chart. There's more room on a weekly chart for example....

Silent Service Method

I think that's a difficult question, and here's why: When we start out, the fear of "pulling the trigger" might be the biggest problem. After a few trades it might be letting a trade go. What I am getting at is that it changes as you evolve. As you ...

Silent Service Method

I guess the only real issue I have with that post is that too many of these threads end up with every newbie trader in the place throwing up examples of their "system" - thus cluttering up the thread. I actually like the "No Brainer" system. In ...

Silent Service Method

Here's a chart with my observation.

Silent Service Method

Uh...thanks?

Silent Service Method

I certainly hope you didn't buy this pair right away. It still has to hold to prove itself. Will it? Maybe.... But tomorrow is NFP Friday, and those numbers are going to be horrible. How will the markets react? I suspect the number is worse than ...

Silent Service Method

url This guy is my hero. LOL

Silent Service Method

Note the pins going the other direction. Are you sure this is a good set up? Or are you just looking for a trade? There's a big difference, one that will determine your outcome in my opinion.

Silent Service Method

Its a neutral bar, so no it doesn't.

Silent Service Method

In that particular case, yes. I was speaking as a general rule. As far as a retrace entry, it can be done, but it's a lot riskier in my experience. The only time I do is when the pin (or whatever) gets triggered already, then retraces. It allows me ...

Silent Service Method

The best answer is this: Because of the ridiculous swings were are getting. Once you are up 400 pips, common sense makes you save some of it. However, as to whether or not I would treat a trade as a weekly pin after the fact, NO. The reason being ...

Silent Service Method

shooting star/hammer, same thing as pin

Silent Service Method

These charts are similar to the Dow and SPX charts I posted. To be honest, I think we are going to have some kind of resolution soon. Will it be up or down? I have a bias, but luckily I don't try to trade those....I trade charts. I think the next ...

Silent Service Method

Another chart, SP500 (SPX)

Silent Service Method

I only place a TP if I am going counter-trend. If going with the trend, I just check it every once in a while. My platform is set to GMT, which as far as I know is my only option.

Silent Service Method

A chart of the Dow Jones....

Silent Service Method