zones vs. lines. — Let's not get confused here. S/R lines should actually be called zones. It never really seems to stop to the exact pip, but that doesn't matter. However, sometimes there are areas that are more like walls..... The following ...

Silent Service Method

Something very few people will tell you... — As was asked by someone earlier, I did have several "Ah-ha" moments that changed things around for me. In fact, I still do to this very day. I am not sure, but I think you never really stop having ...

Silent Service Method

Our charts updated. See the forest, not the trees. — I updated our EUR/CHF 4 hour chart because of a Sunday night gap. (Asia morning.) Right now, there are tons of people trying to sell this pair off as it "runs away". The truth is, most ...

Silent Service Method

I forgot about that. Thanks for reminding me! I think the ability to not trade all the time is what really started to change things for me. I really felt like it was impossible to make money if you weren't in the market at all times. ...

Silent Service Method

Yes, in fact....I recommend anything he writes very highly. I pop in there from time to time, I really like his work. Clockwork

Silent Service Method

I see it more as a triangle to be honest. Clockwork

james16 Chart Thread

A little patience. — Alright, we are about 85 posts in total on this thread and a few things have started to materialize. None of this surprises me, but I thought I would address them, and why this thread is going to be a lot different than ...

Silent Service Method

For what it's worth..... My opinion on this pair is that it is to be ignored until it decides what it wants to do at 1.30. !.30 to me looks like a "center line" on the entire chart. (Weekly, monthly, whatever.) In a sense, you could say it's a short ...

james16 Chart Thread

You should read this book — Here is a link to one of the greatest trading books of all time. If you haven't read it - please do. There are so many timeless lessons in it..... Reminiscences Of A Stock Operator url You can download it from ...

Silent Service Method

Yes, exactly. I am a painting and drywall contractor by profession. Maybe that's why this clicked for me early.....it's similar if you think about it. You paint one wall at a time.....methodically, never skip around.....just over and over...... Then ...

Silent Service Method

Still using our 4 hour EUR/CHF example, I can show you three good reasons to take a trade from this area. We haven't even gotten to the price action part, but you can see that there are "logical" areas to look for trades.....

Silent Service Method

I really cannot stress this enough. As we grow and develop in our trading careers, we begin to see that we are lead into this thinking all the wrong things. It's all a "get-rich quick scheme". That attitude is exactly what just got the entire world ...

Silent Service Method

Yeah...the election is over. Flav lost. So did America. Clockwork

Silent Service Method

Yeah, it's funny how it's always the "sure things" that blow up in your face. Just goes to show that there is no "sure thing." But come on!!!! A surprise interest rate cut? Damn Swiss! Clockwork

Silent Service Method

add 1.25 and 1.40 and you should be about where I would be......of course that was a quick glance.....gotta ton of things to attend to at the moment! Clockwork

Silent Service Method

I trade stocks through Interactive Brokers, so I have the ability to trade the ASX. I have to admit that Bloomberg taught me about this bank a little. (Bloomberg has a 24 hour financial news channel here in the States.) Clockwork

Silent Service Method

Easy, I didn't have any trades. I closed my EUR/JPY short thursday night. Clockwork

Silent Service Method

What he is saying is that if he wins 3 dollars on half his trades, but losses are only $1.....he comes out ahead. (this is true, in theory.) As far as a change in percentages relating to capital, I don't understand what changes either, it's all the ...

Silent Service Method

Accept your fate. — When a sub fires a torpedo, it has done several things. The crew have figured out such things as distance, trajectory of the target, and what evasive actions will be available in case of a miss. Your trading should be the ...

Silent Service Method