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Silent Service Method

  • #141
  • Mar 2, 2009 7:48pm Mar 2, 2009 7:48pm
Personally I will be looking for a short entry around 137.50 and a long around 134.30. We'll might not be able to make a trade today, but maybe might hit another big one

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Quoting FOREXflash
Ill say GJ long.........
"Keep your eyes on the helpers" - Mr. Rogers
  • #142
  • Mar 2, 2009 7:51pm Mar 2, 2009 7:51pm
Quoting Rastaman
Right on the dot....This 110 pip hammer must certainly have blown away more than a few SL . Which goes to show the Early bird doesn't get the worm, in this case it got the wrong end of the shaft.
Hey Rastaman: I wanted to email you a question about your chart but your profile page is not set up for emails.

Sooooo.... email me !
  • #143
  • Mar 2, 2009 7:59pm Mar 2, 2009 7:59pm
Here we have the auzziedollar chart. Today we had a close beneath the weekly trendline. In fact two weekly trendlines. So far today we have seen a retracement back up to the lower weekly trendline. This means that I am now looking for shorts as long as price does not go 60-70 pips above the trendline. then I would consider all trades a bust. However with another weekly trendline above that, I will possibly look for shorts off that level as well.

Enjoy!

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"Keep your eyes on the helpers" - Mr. Rogers
  • #144
  • Mar 2, 2009 8:20pm Mar 2, 2009 8:20pm
Hrm, if I'm reading this right the AUDUSD has a little setup that might be coming. There's an area around .6350 that shows up on the weekly. Price just broke thru it recently, and we have a PB that's pushing price back up to the area.

If I understand the method, we'd wait for price action to reject a return into the area. If that happened, perhaps a short would be in order.

On the other hand if price breaks above the line and we have confirming price action for a long, a long might be in order... altho the long entry would only be a short-term range trade and we should watch PA for a reversal near .6850 or .7200.

Am I reading that right?
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  • #145
  • Mar 2, 2009 8:28pm Mar 2, 2009 8:28pm
that is how I see it, however, I am only looking for shorts around this area. And honestly, I don't see much higher than .6500 on this pair before it would come back down and test weekly lower trendline again. I am not sure that clockwork and I trade the same, but we certainly look at the charts with relative similarity


Quoting Rabid
Hrm, if I'm reading this right the AUDUSD has a little setup that might be coming. There's an area around .6350 that shows up on the weekly. Price just broke thru it recently, and we have a PB that's pushing price back up to the area.

If I understand the method, we'd wait for price action to reject a return into the area. If that happened, perhaps a short would be in order.

On the other hand if price breaks above the line and we have confirming price action for a long, a long might be in order... altho the long entry would only be a short-term...
"Keep your eyes on the helpers" - Mr. Rogers
  • #146
  • Mar 2, 2009 8:38pm Mar 2, 2009 8:38pm
Quoting Lou
Hey Rastaman: I wanted to email you a question about your chart but your profile page is not set up for emails.

Sooooo.... email me !
Just sent you a PM.
Starting to see instead of just looking.
  • #147
  • Mar 2, 2009 9:49pm Mar 2, 2009 9:49pm
You two are breaking one of my cardinal rules:

"Never, ever, under any circumstances take a trade right before an interest rate announcement."

Anything taken in the AUD based on those set ups was nothing more than gambling. The RBA decided not to cut rates, and that was a shock....so who knows what happens for the next few hours. Better off to let the dust settle.

If you did go ahead and short this....good luck. You might need it.

Clockwork
  • #148
  • Mar 2, 2009 10:04pm Mar 2, 2009 10:04pm
Quote
"Never, ever, under any circumstances take a trade right before an interest rate announcement."
Ah, didn't see that. I didn't actually trade it, not inside my time window and there wasn't any confirmation for a short anyway. But that's a good point to remember. I hate news... lol.

Still, had there not been an interest rate thing, and if, say, a PB had formed at the level... would that have been a potential trade?
  • #149
  • Mar 2, 2009 10:25pm Mar 2, 2009 10:25pm
Quoting Rabid
Ah, didn't see that. I didn't actually trade it, not inside my time window and there wasn't any confirmation for a short anyway. But that's a good point to remember. I hate news... lol.

Still, had there not been an interest rate thing, and if, say, a PB had formed at the level... would that have been a potential trade?
possibly, but i would have liked to see the gap fill a bit more......B trade imho.
  • #150
  • Mar 2, 2009 10:49pm Mar 2, 2009 10:49pm
Quoting clockwork71
possibly, but i would have liked to see the gap fill a bit more......B trade imho.

Clockwork, have we jumped light years ahead here?
I was under the impression that we were still waiting for the trigger to be shown?

I guess this is what I get for living in East Asia and being asleep while you guys are at it.
Starting to see instead of just looking.
  • #151
  • Mar 2, 2009 11:50pm Mar 2, 2009 11:50pm
Good to bring that up. I wold have shorted it had my short signal been triggered, but since it did not I did not enter. Had the ruling went the other way, I would have been ready and in like flynn. So...no rule broken here

Quoting clockwork71
You two are breaking one of my cardinal rules:

"Never, ever, under any circumstances take a trade right before an interest rate announcement."

Anything taken in the AUD based on those set ups was nothing more than gambling. The RBA decided not to cut rates, and that was a shock....so who knows what happens for the next few hours. Better off to let the dust settle.

If you did go ahead and short this....good luck. You might need it.

Clockwork
"Keep your eyes on the helpers" - Mr. Rogers
  • #152
  • Mar 3, 2009 12:25am Mar 3, 2009 12:25am
Clockwork,
It's great what you've presented so far.

If you had to sum it up in one phrase it would something like...You have to learn to walk before you can run.....

It must be frustrating to have others posting their charts which appear to have little or no relevance to what you have so far expounded.

Perhaps they could show the patience that you previously mentioned and wait till your system has been presented!
  • #153
  • Mar 3, 2009 12:38am Mar 3, 2009 12:38am
Okay Bro.....

For you I will not post my charts here anymore as you wish. I guess you are still waiting for clockwork to be your signal service. I highly doubt it.

Good luck to you
"Keep your eyes on the helpers" - Mr. Rogers
  • #154
  • Mar 3, 2009 1:32am Mar 3, 2009 1:32am
who explain me how to draw support and resistance?
thanks

eagle
italy
  • #155
  • Mar 3, 2009 4:13am Mar 3, 2009 4:13am
Thanks clockwork, I trade trendlines primarily and am a keen admirer of BRV's work with S&R. I particularly enjoy reading your trading psychology and mentality. Keep up the quality info, am looking forward to more of your sharing.

Eagle, I believe clockwork has posted his charts earlier showing the S&R zones. A lot of basic technical analysis websites and books will give you a good guide on how to identify these areas. All the best.
  • #156
  • Mar 3, 2009 4:18am Mar 3, 2009 4:18am
Quoting soyabean
Thanks clockwork, I trade trendlines primarily and am a keen admirer of BRV's work with S&R. I particularly enjoy reading your trading psychology and mentality. Keep up the quality info, am looking forward to more of your sharing.

Eagle, I believe clockwork has posted his charts earlier showing the S&R zones. A lot of basic technical analysis websites and books will give you a good guide on how to identify these areas. All the best.
thank you friend.
best regards
  • #157
  • Mar 3, 2009 4:32am Mar 3, 2009 4:32am
Something I'm keeping an eye on....

A
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  • #158
  • Mar 3, 2009 6:59am Mar 3, 2009 6:59am
Quoting eagle
who explain me how to draw support and resistance?
thanks

eagle
italy
IT CAN BE ALIITTLE IN DEPTH iM SURE ULL FIND ALL YOU NEED THERE AND DO A SEARCH HERE ..........REGARDS TOM
  • #159
  • Mar 3, 2009 7:46am Mar 3, 2009 7:46am
Quoting AlexFX
Something I'm keeping an eye on....

A

This chart is an example of a breakout, and pullback. Waiting to see if that pinbar breaks, good setup.....hopefully it will breakdown hard for you.

I would suggest that if it gets towards the bottom, I would be break even with my stop by then.

Clockwork
  • #160
  • Mar 3, 2009 7:56am Mar 3, 2009 7:56am
Strange. My charts don't show anything there at all. What hour is your midnight?

On H1 there's a small PB, but it's high is .5015.
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