Divergence is something that only adds to a possible trade, without Price Action, I don't trust it. However, it is there.....

Silent Service Method

url If you don't know who Dennis Gartman is, I would encourage you to read everything he says. Twice. Here is a site that has his 16 rules of trading. I want you to read #14 every time you enter a trade. It is the biggest secret to making money ...

Silent Service Method

the bar itself is good enough

Silent Service Method

I will short it if I get a set up, and exit when it knocks me out.....wherever that ends up being. The thing is, once I am in the trade the only thing left to do is to manage it.....I don't control the market. Not yet at least.

Silent Service Method

its the same set up i am watching.....

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True, except one minor point.....and this minor point can lead to major losses. I would "scale into the market". Let's say you take 2 years to learn this market and be good. (an example) You save 25,000 to open an account. (again, an example.) You ...

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A constant theme.... — I am writing about something that I will probably write about time and time again. I know this flies in the face of everything you read or heard that gets you into trading currencies, but leverage only helps to a point. ...

Silent Service Method

I am going to bet this comes down to trying to make a million out of a thousand. Leverage isn't really your friend in the end. Well.....not 400 to 1 leverage anyways.

james16 Chart Thread

If you think you don't have enough trades everyday, I think you are probably missing the point of all of this. Please start at the beginning of the thread again.

james16 Chart Thread

You are correct, it was based on an intera-day signal. I don't really post 1 hour stock charts because Interactive Brokers charts are so bad, and most people don't have the ability to trade off of these shorter time frames. I use IB because it's $1 ...

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I either aim for the next area. (against the trend) I will park stops behind each area. (with the trend) I sometimes will just park a stop two bars behind, gradually moving it down every two bars. (i.e. two bars behind.) (with the trend.)

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I would be a little concerned about that gap yesterday. I like the shape of the bar, and the location is decent, but that gap could cause an issue.

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The only way to play those charts is individually. I don't use some of the cross pairs as a way to decide all out, more like confirmation.

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The only volume that is even remotely reliable is futures volume. So, no....there isn't. To be honest, I find forex easier than stocks.....even without the volume.

Silent Service Method

Good! Seeing the "real" areas is half the game in my opinion. The rest is self-control.

Silent Service Method

A trade I took today..... — I went long the SLV ETF. It's an exchange traded fund revolving around Silver. Basically, it's the poor man's way to trade Silver futures. Below is a chart, and my thoughts as I got in..... CW

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You could take that as an area to trade off of, I would just give it a little less "weight" as a trade. I personally prefer to wait myself. Also, this is against the major trend.

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From a glance, it seems reasonable.

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No , I don't scale at all. I am either all in, or all out.

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I have seen this, I am hoping this works out well.

Silent Service Method