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Silent Service Method

  • #941
  • Apr 4, 2009 5:48am Apr 4, 2009 5:48am
Quoting pf1966
Worthy of consideration?
As an area, yes....as for price action....I would wait to see it's reaction. We are still in the middle of deciding I believe.
  • #942
  • Apr 4, 2009 5:50am Apr 4, 2009 5:50am
Quoting nomask
hi cw..do you agree with those zones and watching this pair?
thx

In general yes....but you could probably thin those areas out a touch.....

But I certainly could trade that chart and make money!
  • #943
  • Apr 4, 2009 10:22am Apr 4, 2009 10:22am
Quoting ThomKnight
hopefully this is not out of place.. but, I love this overall style of trading and this might be an interesting opportunity. it will correlate to the rest of the market as it relates to , at least gbp imo,if not usd. if it plays of course....
Hi there,
What do you mean by the 90 degree angle? Do you mean the angle at the 2.0 zone?
The nail that sticks out gets hammered back in
  • #944
  • Apr 4, 2009 10:42am Apr 4, 2009 10:42am
Quoting Noloqy
Hi there,
What do you mean by the 90 degree angle? Do you mean the angle at the 2.0 zone?
Hi Noloqy,
What I believe ThomKnight is referring to is that price went straight down. As Clockwork called it : parabolic. If you draw a line through those bearish candles and a line that is horizontal on the chart, the intersection of those two lines will create a 90 degree angle (or close enough to it). I hope that explanation was not too confusing. My apologies if it was.
Take care,
Dave
  • #945
  • Apr 4, 2009 11:19am Apr 4, 2009 11:19am
Quoting davema
Hi Noloqy,
What I believe ThomKnight is referring to is that price went straight down. As Clockwork called it : parabolic. If you draw a line through those bearish candles and a line that is horizontal on the chart, the intersection of those two lines will create a 90 degree angle (or close enough to it). I hope that explanation was not too confusing. My apologies if it was.
Take care,
Dave
It is clear enough. Thanks!
The nail that sticks out gets hammered back in
  • #946
  • Apr 5, 2009 6:26am Apr 5, 2009 6:26am
If you traded like this....you cleaned up.

This is an example of how sometimes you can add to your position. If the second one got stopped out, you would still be in profit in a big way.
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  • #947
  • Apr 5, 2009 4:02pm Apr 5, 2009 4:02pm
Gents,

if anyone is looking at this currently.. see anything potentially good?


TK
  • #948
  • Apr 5, 2009 6:19pm Apr 5, 2009 6:19pm
usd/cad

Anything beyond the triangle in my opinion is "too noisy".
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  • #949
  • Apr 5, 2009 7:15pm Apr 5, 2009 7:15pm
Quoting clockwork71
usd/cad

Anything beyond the triangle in my opinion is "too noisy".
Nothing better then a break retest for an entry and it is certainly noisy indeed.

these two candles and PA mixed with DXY and Oil have me looking this way as of now though. in addition, it would be rejoining the overall trend. unfortunately none of us have a crystal ball so it is a game of wait and react.

If it does go long, I will be watching these levels for a turn short. however ,IMO 1.187 is sure enough to trade to, short term, for my blotter. sr seems to support it.




TK
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  • #950
  • Apr 6, 2009 12:59am Apr 6, 2009 12:59am
I have a pretty nice 4h EURNZD pin on my feed, touching 2.27.
The nail that sticks out gets hammered back in
  • #951
  • Edited 3:27am Apr 6, 2009 3:12am | Edited 3:27am
Quoting Noloqy
I have a pretty nice 4h EURNZD pin on my feed, touching 2.27.
what i got from this thread is that round number also has to stand for some s/r level..when i look at this pair on my mt4..it might be something like 2.26-2.25 area which is pretty tight..don't see any support at 2.27
plus i'd be really careful when taking a long position while overall trend is down..
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  • #952
  • Apr 6, 2009 6:08am Apr 6, 2009 6:08am
Quoting nomask
what i got from this thread is that round number also has to stand for some s/r level..when i look at this pair on my mt4..it might be something like 2.26-2.25 area which is pretty tight..don't see any support at 2.27
plus i'd be really careful when taking a long position while overall trend is down..
I have two thoughts on this. #1, it's a straight drop down, which normally calls for some kind of bounce. However, that's a bit predictive, and I have learned predicting can be costly.

I would be interested in a long here as well.....but I wouldn't look for a trend change or anything.....maybe a quick grab.

But then again.....there are tons of pairs to trade - any confusion should be ignored, and passed on.
  • #953
  • Apr 6, 2009 6:52am Apr 6, 2009 6:52am
Quoting nomask
plus i'd be really careful when taking a long position while overall trend is down..
If you look at the big picture, trend is still UP.
Attached Image (click to enlarge)
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  • #954
  • Edited 10:18am Apr 6, 2009 9:55am | Edited 10:18am
personally i`d be interested in only if price at any major support/resistance levels with pa..still not interested with 1.27 level...maybe you`re right maybe it`ll just shoot up from this level but if the point is taking A+ setups, there are some pairs looking better than this setup like the one below..
good luck all..
p.s:if you zoom out that much then you could say eurusd is also up or all pairs just ranging...look at daily its broken down M shape and making lower lows for the last 1.5 months and 3.000 pips dropped..
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  • #955
  • Apr 6, 2009 12:33pm Apr 6, 2009 12:33pm
Ok,

thought I'd point this out. There's a daily pin forming on the G/J in what seems to be a pretty reliable zone. Day hasn't finished, but looks promising.Here's the charts. Not sure about the distance for reward here. Wanna sprinkle some input on this one CW?
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  • #956
  • Apr 6, 2009 12:56pm Apr 6, 2009 12:56pm
Quoting inflxshn
Ok,

thought I'd point this out. There's a daily pin forming on the G/J in what seems to be a pretty reliable zone. Day hasn't finished, but looks promising.Here's the charts. Not sure about the distance for reward here. Wanna sprinkle some input on this one CW?
I would be careful with that one. It's doji signaling indecision and especially seeing where all the other pairs are and that we havn't moved from that general S&R for a few days I would be careful to take anything before we have clear signal of movement. As for that particular daily bar, the bottom half of the bar is about as long as the top so it doesn't really have that long "nose" at the top if you will.

Just my view, feel free to chime in if I'm off anywhere
  • #957
  • Apr 6, 2009 1:52pm Apr 6, 2009 1:52pm
Quoting jonaslt
I would be careful with that one. It's doji signaling indecision and especially seeing where all the other pairs are and that we havn't moved from that general S&R for a few days I would be careful to take anything before we have clear signal of movement. As for that particular daily bar, the bottom half of the bar is about as long as the top so it doesn't really have that long "nose" at the top if you will.

Just my view, feel free to chime in if I'm off anywhere

For what it's worth, I agree.
  • #958
  • Apr 6, 2009 2:39pm Apr 6, 2009 2:39pm
Looking at a set up for a possible short on kiwi.

Daily Pin bar (daily bar closed as a Pin, although screen shot below shows it 30 mins prior to bar close)
Divergence on 4H
Weekly support 0.5950
Overall trend - Bearish

any thoughts CW?
Attached Images
  • #959
  • Apr 6, 2009 2:51pm Apr 6, 2009 2:51pm
CW - I had a question as to your E/J recent short. The trade went in your direction and then slightly against you (if I remember correctly?). Were you tempted to move your stop to break even or lock in some profits by moving stop lower? Maybe the nature of the set up warranted more time to let the trade run?

Thanks!
  • #960
  • Apr 6, 2009 3:05pm Apr 6, 2009 3:05pm
Been watching this one all day, waiting 2 more hours to see how it closes. In the meantime lets see what Clockwork thinks.

Quoting Dopped Onion
Looking at a set up for a possible short on kiwi.

Daily Pin bar (daily bar closed as a Pin, although screen shot below shows it 30 mins prior to bar close)
Divergence on 4H
Weekly support 0.5950
Overall trend - Bearish

any thoughts CW?
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