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 ...

Silent Service Method

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.)

Silent Service Method

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.

Silent Service Method

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.

Silent Service Method

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

Silent Service Method

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.

Silent Service Method

From a glance, it seems reasonable.

Silent Service Method

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

Silent Service Method

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

Silent Service Method

sure.

Silent Service Method

It looks like you might be missing a few. I agree with the ones you posted though.... The one you asked about - yes. It should be one. Take a look at the "stairs" price forms. Make a few lines and you will see it. Remember, I tend to take trades ...

Silent Service Method

I would be concerned about $20, if it goes through there, you're in business.

Silent Service Method

I have a chart on this thread that explains with-the-trend exits. I trail behind "areas".

Silent Service Method

I do whatever it tells me. I wait. If it breaks through, then I wait to see a pullback, and if there is a bar formation I like. If not, oh well. I prefer to short it, because of the trend.....but I can only do what it tells me. CW

Silent Service Method

I found an example of what I like to see on a break out. I actually took this bar in the AUD. It was a nice trade. CW

Silent Service Method