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Silent Service Method

  • #1,401
  • May 7, 2009 1:18pm May 7, 2009 1:18pm
nomask,
I would never ever consider trading this pair.....I'm seeing that all pairs are fair game with this type of trading. It's really opened my eyes!
Cheers
CanuckCT

Quoting nomask
good looking setup on euraud
  • #1,402
  • May 7, 2009 3:11pm May 7, 2009 3:11pm
Quoting nomask
good looking setup on euraud
we could be getting a pin on the daily chart. Nice bounce off that former area of resistance at 1.75, now support. This pair has a high spread so I hardly ever trade it, but the set up looks clean. Lets see how that daily bar closes.

 

  1. long nose
  2. swing low
  3. divergence
  4. 61% Fib retrace.

Food for thought.

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  • #1,403
  • May 7, 2009 5:04pm May 7, 2009 5:04pm
Quoting Dopped Onion
we could be getting a pin on the daily chart. Nice bounce off that former area of resistance at 1.75, now support. This pair has a high spread so I hardly ever trade it, but the set up looks clean. Lets see how that daily bar closes.

 

  1. long nose
  2. swing low
  3. divergence
  4. 61% Fib retrace.

Food for thought.

I have to admit I like the chart......but like you - I don't really pay too much attention to this pair.
  • #1,404
  • May 7, 2009 5:42pm May 7, 2009 5:42pm
Quoting clockwork71
I have to admit I like the chart......but like you - I don't really pay too much attention to this pair.
any interest in the infamous pound yen pair? lot of factors pointing to a bearish downturn. 1.50 is a nice round number providing good resistance and a decent area to place stops above.

Nice call on the cable having too much noise above the 1.52 level. BUOB broke yesterday, but was slammed right back down.
  • #1,405
  • May 8, 2009 12:37am May 8, 2009 12:37am
i would have taken this eurusd long trade if the break was clearer and today was no nfp day...but still worthy of keeping an eye on...
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  • #1,406
  • May 8, 2009 12:47am May 8, 2009 12:47am
Quoting Dopped Onion
any interest in the infamous pound yen pair? lot of factors pointing to a bearish downturn. 1.50 is a nice round number providing good resistance and a decent area to place stops above.

Nice call on the cable having too much noise above the 1.52 level. BUOB broke yesterday, but was slammed right back down.
agree with that gj looks good ...besides i wish last pinbar made a higher high than the previous support level so we could have divergence on daily macd as well..
  • #1,407
  • May 8, 2009 11:28am May 8, 2009 11:28am
Opsey, not today for the CAN. Looks like we did good creating new jobs in Ontario ... Tumbled down after 6 am ... So where would you guys put a buy order for the USDCAD, 1.20 ?
  • #1,408
  • May 8, 2009 12:08pm May 8, 2009 12:08pm
How about 1.03?
Cheers
canuckCT


Quoting m_fairy
Opsey, not today for the CAN. Looks like we did good creating new jobs in Ontario ... Tumbled down after 6 am ... So where would you guys put a buy order for the USDCAD, 1.20 ?
  • #1,409
  • May 8, 2009 1:36pm May 8, 2009 1:36pm
I want to address something that keeps happening:

I am getting several PM's asking about the summary of rules that I am writing. There are a couple of things about it that I want to address, so that I am not getting so many emails everyday.

I get asked a lot if the "condensed" version will be available soon, because "The thread is too long". Here's my response to that: If you cannot be bothered to read through all of this, you cannot be bothered to take the time to learn how to trade. Period. I state more than once that "This isn't a get-rich-quick scheme." Forex isn't that at all. If you cannot put the day or so it would take to really read this, you are still looking to get rich quick.

In this case, I would like to thank you. You are exactly who is giving me profits in the market week after week.

Also, the book will not be some magical condensed version. In fact, so for it's about 7 pages, and I only have one chart on it so far. There is no "Magic Formula" here. Much of this is common sense. I am not inventing anything here at all. Maybe I look at it a little differently, but there is NOTHING NEW HERE. (Same can be said about James16, where I give webinars.) It comes down to being in control of yourself, most people cannot do that for some reason.

Anyway, I am still writing this, but it's going to take a while.....I have a life outside of trading.

As a side note, Thank God I own HBAN shares. (500) Today was a great day! (Sometimes it's better to be lucky than good.....it just happens to be a local company I understand.)

CW
  • #1,410
  • May 8, 2009 2:13pm May 8, 2009 2:13pm
Ok, so this sounds a little contrived, if not down right spooky. But, I've literally JUST finished reading the thread from the start. And what a great thread. CW, there are a few unselfish, giving, honest guys on FF; Jacko, J16, the J16 seniors, Strat (and probably more who I haven't come across yet) and IMHO you too. Thanks so much for your offerings.

For anyone else out there pondering the full read. Just Do It! It doesn't take that long. For me, a week on and off, between the phone calls and the kids. Really not a problem not to mention informative and educational. If you're serious, you'll read it, and read it again.

CW, I think the biggest thing that I've taken from you is the need to plot S/R zones. So, if you're planning at all to put up some educational posts any time soon, I'd like to request this as the main topic please.

Looks like AUDUSD is heading towards an interesting zone at 77-78. Have I got that zone right, CW? Or would the 80 level be better?

thanks again

Tony H
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  • #1,411
  • May 8, 2009 3:03pm May 8, 2009 3:03pm
Im almost ready to take this trade to BE.
Also pending sell on GJ that i might cancel seeing as the pin has been retraced so much. It has pierced the left eye and thats usually enough for me to cancel it as a pin, but we'll see...
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  • #1,412
  • May 8, 2009 3:07pm May 8, 2009 3:07pm
good threadhttp://www.forexfactory.com/images/icons/icon14.gif
  • #1,413
  • May 8, 2009 6:56pm May 8, 2009 6:56pm
AUDUSD setting up for short this week? anyone see anything wrong with my zones?
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Grabbing the bull by the horns!
  • #1,414
  • May 8, 2009 7:58pm May 8, 2009 7:58pm
Quoting clockwork71
I want to address something that keeps happening:

I am getting several PM's asking about the summary of rules that I am writing. There are a couple of things about it that I want to address, so that I am not getting so many emails everyday.

I get asked a lot if the "condensed" version will be available soon, because "The thread is too long". Here's my response to that: If you cannot be bothered to read through all of this, you cannot be bothered to take the time to learn how to trade. Period. I state more than once that "This isn't a...
nice post, very true too. if someone doesn't have the patience to read this entire thread (let alone J16's thread), there is no way in hell they will have the patience to successful trade forex month after month.
  • #1,415
  • May 8, 2009 9:37pm May 8, 2009 9:37pm
really depends on equities next week. I am still long on this this trade from 7350, and I think 8000 is where it wants to go now.



Quoting whitegoodman
AUDUSD setting up for short this week? anyone see anything wrong with my zones?
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Its all in the mind.
  • #1,416
  • May 9, 2009 9:42pm May 9, 2009 9:42pm
Quoting whitegoodman
AUDUSD setting up for short this week? anyone see anything wrong with my zones?
My personal opinion is that we may be ripe for a pullback, not a short. You do have a little area there, but I see it as minor, and wouldn't worry about that level. I agree with the other poster that 80 is where it wants to go at the moment.
  • #1,417
  • May 9, 2009 10:21pm May 9, 2009 10:21pm
I have a basic intro written, this is a "teaser" as it were....I am hoping it will give you a thing or two to think about.
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File Type: pdf Silent_Service_Method_Intro.pdf   118 KB | 2,536 downloads
  • #1,418
  • May 9, 2009 11:55pm May 9, 2009 11:55pm
Quoting clockwork71
I have a basic intro written, this is a "teaser" as it were....I am hoping it will give you a thing or two to think about.
Fantastic, been waiting for something like this, well done.
  • #1,419
  • May 10, 2009 9:11am May 10, 2009 9:11am
Quoting clockwork71
I have a basic intro written, this is a "teaser" as it were....I am hoping it will give you a thing or two to think about.

Thanks for this intro.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #1,420
  • May 10, 2009 9:14am May 10, 2009 9:14am
CW-

Well written document. Thank you.

Quoting clockwork71
I have a basic intro written, this is a "teaser" as it were....I am hoping it will give you a thing or two to think about.
Its all in the mind.
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