I don't preach something, just write down what I do, good or bad. It supports my analysis when I am required to write down reasons why I think of trading a particular instrument. Its also a place for me to summarise with something like: For me to ...

Silent Service Method

Pimp your MT4 — Each setup has a weekly chart and the entry chart included and each trade management note which require a chart for explanation has one too. I installed a forum on my webserver for that purpose which has 58 posts of my trades ...

Silent Service Method

Documentation time — Phew, just finished updating my online trading journal with the last 12 trades. I was very fussy with documenting my trade setups, management and the result but the last ones I missed out a bit because other programming ...

Silent Service Method

Still not closed but was a bit nervous about giving back more than 100 pips but a free running trade well in plus and putting my stop behind the 38.2 retrace confluenced by weekly S&R, and daily pivot kept me in, and voila it seems to continue down. ...

Silent Service Method

Thanks Low, but I just followed the S&R method. (Scan & Relax). stefx.

Silent Service Method

I would trade a confirmed breakout with low risk and put the stop close behind the broken TL. At the green zones I would keep an eye on. I don't trade stocks yet so I don't have experience with the volume but since the two marked bearish pinbars ...

Silent Service Method

If this is a live account and they don't remove such spikes and you're bothered on a regular basis contacting their support to put the orders on again I would recommend that you leave them NOW. I would not say one of the following becomes your ...

Silent Service Method

S&R Trainee — Never before this thread I had an output window showing only positive trades and now I have a number of eight in green. The entries on daily (sometimes H4) based on PA at weekly S&R are the perfect way for me to "Plan the ...

Silent Service Method

Ditto, buy stop trig'd.

Silent Service Method

I perceived it same as you at the weekend and placed a sell stop below the pin bar. Two pinbars at a resistance level confluenced with a trendline and 61.8 fib. At the daily chart the to PBs are a double top. Enough for me to take but a chart is not ...

Silent Service Method

A short memory is an advantage for trading. stefx.

Silent Service Method

Do you want to have a dependency to people giving a stinky fish every day or do you want to learn how to use the fishing rod. Ask you this question and give yourself the true answer not the easy one. stefx.

Silent Service Method

An EA for making love or for doing the wash ?

Silent Service Method

I think it is also a working formula and in my opinion if your position size meets following points it is completely irrelevant how you calculate it. A series of losses should keep you alive with a still acceptable balance. Detaching from the risked ...

Silent Service Method

You are right, the leverage is only dangerous because it offers the possibility that the positions are way oversized regarding to the account balance. I define the position size same you. I take the distance to the planned SL, calculate the total ...

Silent Service Method

Everyones method of comfort — I don't ask why other traders care about, I just see they do when price comes to PPZ. If I would ask "why" I would need crystal balls and as cobra says "If I have crystal balls I would sit down very carefully".We ...

Silent Service Method

I'm not native english too as most of you may know already but this was surprinsingly easy to read. I was not aware of how fast the brain can match the scrambled letters to the correct word. stefx.

Silent Service Method

A 2 bar pin bar means that the open of the first bar and the close of the second bar are close together and aligned near the high or the low of the bars. You simply merge two bars, remove the close of the first and the open of the second, take the ...

Silent Service Method

Wheew, am I happy that I just need to be consistent and not a pro if it's necessary to be a drug addicted and divorced alcoholic. stefx.

Silent Service Method

I think at this level a lots of TPs may be hit and SLs are pulled up behind the 0.8 which all of them together may cause the price to be pulled below the 0.8 again. The buyers could strongly loose trust in going long, thus the next stops below the ...

Silent Service Method