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Silent Service Method

  • #401
  • Mar 11, 2009 6:30am Mar 11, 2009 6:30am
Quoting whitegoodman
why thankyou...

would someone share with me there thoughts on the S+R ive drawn for the eurusd weekly, looks busyish to me, i dunno tho...
Hey, white...

To me that looks bullish too(price kicking off from a support area), especially after taking a look closer (4H)... and this kind of PA I saw... (see chart below)

Cheers!

HT

(PS: Ignore the CCI below... nothing to do with CW's method...)
Attached Image (click to enlarge)
Click to Enlarge Name: eusd.gif Size: 20 KB
Many share my views with me. But I don't share them with them...
  • #402
  • Mar 11, 2009 7:16am Mar 11, 2009 7:16am
Here's a couple of charts on US pairs with reactions off weekly support/resistance areas.

I took USD/SEK on a break of the lows of the opposite pin bars.

USD/SGD is a demo only of a DBHLC formation. Expected area of support is marked.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdsek 4h 110309.gif Size: 20 KB
Click to Enlarge Name: usdsgd 4h 110309.gif Size: 18 KB
  • #403
  • Mar 11, 2009 9:41am Mar 11, 2009 9:41am
Quoting Chris P
USD/SGD is a demo only of a DBHLC formation. Expected area of support is marked.
sorry, what does 'DBHLC' mean?
  • #404
  • Mar 11, 2009 9:54am Mar 11, 2009 9:54am
Quoting blackmovie
sorry, what does 'DBHLC' mean?
Double Bar High Lower Close.
I believe . . .
  • #405
  • Mar 11, 2009 11:01am Mar 11, 2009 11:01am
Quoting clockwork71
Of course, oil is a VERY EXPENSIVE game, so I probably would be a little more careful than that. It takes a ton of money to trade oil to be honest......CW
one could trade qm at $5 per cent w/ half the margin required. but futures is a big boys game. i am thinking that one would need to start & build-up a forex acct & then "graduate" over to futures. funny how it is this way, in futures there is no spread & just a small commission per contract. but i believe a bigger acct size is required due to the margins. am i correct?
  • #406
  • Mar 11, 2009 11:05am Mar 11, 2009 11:05am
Quoting Icehocey77
As for CNBC, I agree they are totally clueless. All of them laugh at the technicians that come on and very few actually seem to have even a basic concept (Caruso-Cabrerra comes to mind). But you got to admit they got some nice eye candy on there: Erin Burnett, Rebecca Jarvis, Margarete Brennan,Trish/Melissa. Meow. lol.
i'd rather watch rosie o'donnell if she actually gave good trading tips/news. & get my eye-candy from non-work related sources. any reason why anyone would watch cnbc over bloomberg?
  • #407
  • Mar 11, 2009 11:19am Mar 11, 2009 11:19am
Quoting dkmb92
one could trade qm at $5 per cent w/ half the margin required. but futures is a big boys game. i am thinking that one would need to start & build-up a forex acct & then "graduate" over to futures. funny how it is this way, in futures there is no spread & just a small commission per contract. but i believe a bigger acct size is required due to the margins. am i correct?
Yes, certainly.
  • #408
  • Mar 11, 2009 11:20am Mar 11, 2009 11:20am
Quoting dkmb92
i'd rather watch rosie o'donnell if she actually gave good trading tips/news. & get my eye-candy from non-work related sources. any reason why anyone would watch cnbc over bloomberg?
Bloomberg isn't as widely available as CNBC. I do really like Bloomberg in Asian session though, really in depth on topics we Americans harldy ever pay attention to.
  • #409
  • Mar 11, 2009 4:54pm Mar 11, 2009 4:54pm
Howdy Clockwork- just want to add my voice to the thanks on this thread. I've been following since it popped up. I appreciate the depth of the ideas you're sharing, and the thoughtful path you're navigating through the vast pile of stuff I've researched. Keep up the good work, I'm psyched to see what you have in store for us next.
  • #410
  • Mar 11, 2009 7:50pm Mar 11, 2009 7:50pm
Quoting k1_
Howdy Clockwork- just want to add my voice to the thanks on this thread. I've been following since it popped up. I appreciate the depth of the ideas you're sharing, and the thoughtful path you're navigating through the vast pile of stuff I've researched. Keep up the good work, I'm psyched to see what you have in store for us next.
Thanks.....

I woudn't expect much tonight. Wednesday is the night I give webinars, so time is a bit tight. I should have some more stuff up tomorrow.
  • #411
  • Mar 11, 2009 8:00pm Mar 11, 2009 8:00pm
Quoting clockwork71
Thanks.....

I woudn't expect much tonight. Wednesday is the night I give webinars, so time is a bit tight. I should have some more stuff up tomorrow.
to whom or where or what do you give webinars for?
Grabbing the bull by the horns!
  • #412
  • Mar 11, 2009 8:10pm Mar 11, 2009 8:10pm
Clockwork

Hello, a question if i may. When price is near a long term s/r such as it was this morn on NZD pairs but no PA such as pinbars, beob etc but only long solid bars ( on 4 hr ) what entry signal do you use or do you ignore ?

Thanks and Regards Gerard
  • #413
  • Mar 12, 2009 1:25am Mar 12, 2009 1:25am
Hi Chris,

I am learning to plot levels on the weekly. I understand that you always adjust your PPZ levels to 00 or 50 region. For example if there is a level at the USDCHF at 1.2675. Should I change the level to 1.2650 or 1.2700 or 1.2600. Pls advise.
  • #414
  • Mar 12, 2009 5:21am Mar 12, 2009 5:21am
Well,you didnt respond to my first post appreciating you for this thread ,but again anoda week is passing i have added anoda 10% plus based on your discretionary method to my account making over 20% in two weeks.thank you so much,this is what i hav learnt.

-Be calm and focus on the chart
-I dont check any news because am always with the trend.
-Be strong to see the market go against you before going for you.
-Told myself to stay wth this method until i can feel it.
I have taken 39 trades so far 8 losses,only 1 loss this week,and my trades are still running profitably.

This is not to brag but to encourage ppl that this is sth that works,if only you will be desciplined to stay wth only this method.

Thank you CW, and hope to learn more.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #415
  • Mar 12, 2009 7:16am Mar 12, 2009 7:16am
Quoting nomask
so many nice things (for bears) happening lately on usdcad as i keep special attention on this pair.
1.possible pin bar on weekly chart
2.Gigantic divergence on weekly chart (actually almost every single time frame of this pair)
3.resistance at strong and also rounded number of level 1.3000
4.now i'm only looking for a beautiful price action on a retracement of 4hr chart..
maybe asking too much but once i got everything i need to see than i'm in love with any pair..

good luck all...
ok..i think its time for getting ready to enter this usdcad trade since its about to form nice pullback on this 4hr and even already made a great shape pin bar on 1 hr timeframe...i've been watching and waiting this thing almost forever,to say something..
Attached Image (click to enlarge)
Click to Enlarge Name: 3.JPG Size: 32 KB
  • #416
  • Mar 12, 2009 8:10am Mar 12, 2009 8:10am
Quoting Gerard212
Clockwork

Hello, a question if i may. When price is near a long term s/r such as it was this morn on NZD pairs but no PA such as pinbars, beob etc but only long solid bars ( on 4 hr ) what entry signal do you use or do you ignore ?

Thanks and Regards Gerard
No Price Action....I typically will ignore it. Unless of course it's with a major trend......then I might give it a little "wiggle room"
  • #417
  • Mar 12, 2009 8:12am Mar 12, 2009 8:12am
Quoting Ray_1
Hi Chris,

I am learning to plot levels on the weekly. I understand that you always adjust your PPZ levels to 00 or 50 region. For example if there is a level at the USDCHF at 1.2675. Should I change the level to 1.2650 or 1.2700 or 1.2600. Pls advise.
If it's not clear.....a lot of the time it's more of a "range". Sometimes you will see a 50-100 pip "zone", which I treat as a thick line.

However.......I am glad you brough this up. Most of the CHF pairs tend to have these. (For some reason, 80 and 20 can mean something on these particular pairs.) Most of the time though.....it's just a thick line in my eyes.
  • #418
  • Mar 12, 2009 8:13am Mar 12, 2009 8:13am
You obviously have a stronger stomach for risk than I do if you have made 10 percent a week.....but if you are comfortable with it.....I have no issue.

Congrats.


Quoting lordgbengs
Well,you didnt respond to my...
  • #419
  • Mar 12, 2009 8:26am Mar 12, 2009 8:26am
Last night in my webinar, I had a lot of complaining about "The lack of trades out there."

To be honest, I had not thought about it too much recently. I always wait for price to come to where I want it to be......so because of that, it really doesn't change the game for me either way.

But....if you look at a chart like EUR/USD and USD/CHF - they suck. There is absolutely no flow at all. This is why you need to pick your spots now more than ever.

There are plenty of traders out there that are taking tons of trades, getting whipsawed. This isn't where you want to be.....trust me, I have been there. It sucked to say the least.
  • #420
  • Mar 12, 2009 9:32am Mar 12, 2009 9:32am
Quoting clockwork71
Let's be honest here, they all on the networks have been talking about how "cheap" stocks look. I wonder if you bought back at Dow 10,000 how cheap those stocks look now?
That reminds me of this book

http://www.amazon.com/Real-Estate-Bo.../dp/0385514352

Quote
Of course, oil is a VERY EXPENSIVE game, so I probably would be a little more careful than that. It takes a ton of money to trade oil to be honest......
There are some cheaper ways to speculate with oil than futures, etfs like USO and OIL.

ps. great thread!
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