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Silent Service Method

  • #1,701
  • May 29, 2009 5:56am May 29, 2009 5:56am
Quoting howard
Hello nomask

In such cases:

Do you enter on break of the 4hr pin or the initial daily pin?

If break of 4hr, do you set your stop on the other side of the 4hr pin or initial daily pin?
it depends..but usually i enter on break of 4hr and set my sl behind 4 hr if it matches with a round number...
  • #1,702
  • May 29, 2009 6:31am May 29, 2009 6:31am
CHFJPY for those playing at work etc...

thoughts gentleman?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy.gif Size: 20 KB
Click to Enlarge Name: chfjpy 4hr.gif Size: 15 KB
Grabbing the bull by the horns!
  • #1,703
  • May 29, 2009 7:49am May 29, 2009 7:49am
Quoting whitegoodman
CHFJPY for those playing at work etc...

thoughts gentleman?
I like it if it breaks down a little. This is one of those times when you have to let it tip it's hat before you commit to any trades.
  • #1,704
  • May 29, 2009 7:50am May 29, 2009 7:50am
You guys should check out Goodman's Journal.....that banner is hilarious!
  • #1,705
  • May 29, 2009 7:53am May 29, 2009 7:53am
Quoting clockwork71
I like it if it breaks down a little. This is one of those times when you have to let it tip it's hat before you commit to any trades.
yeh ive got a sell stop bout 20pips below current candle...

haha my banner... well i wanna get that as a tatoo soon lol
Grabbing the bull by the horns!
  • #1,706
  • May 29, 2009 8:27am May 29, 2009 8:27am
Quoting clockwork71
You guys should check out Goodman's Journal.....that banner is hilarious!
i think this is what they call "wild"..
looks bullish to me
  • #1,707
  • May 29, 2009 9:47am May 29, 2009 9:47am
Quoting nomask
btw i took long on nzdusd..

Well done on that one,

If only I had my zone set from 61 and 60 rather than just a line at 60 I'd have seen that too

Cheers,

VB,
  • #1,708
  • May 29, 2009 9:51am May 29, 2009 9:51am
I caught this one

GBP/CHF
USD/JPY
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gc24.gif Size: 20 KB
Click to Enlarge Name: gc4.gif Size: 19 KB
Click to Enlarge Name: uj4.gif Size: 16 KB
  • #1,709
  • May 29, 2009 12:01pm May 29, 2009 12:01pm
Quoting clockwork71
You guys should check out Goodman's Journal.....that banner is hilarious!
he is taking the bull by the horn,.....
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #1,710
  • May 29, 2009 12:52pm May 29, 2009 12:52pm
Quoting nomask
and watching this pair too...
I loved this pair lately, had a long trade on one of those uptrend bounces for a few hundred. I'm interested to know how much of that is influenced by the crude prices since there used to be a stronger correlation I believe. Anyways nice pair, nice chart
  • #1,711
  • May 29, 2009 1:18pm May 29, 2009 1:18pm
Hi CW,

looks like a nice pin on the 4 hour eurgpb chart. long nose. off decent pivot zone. is this pair headed lower? maybe. it is Friday though so pin is not likely to be broken to the downside today.
also it's with the trend (trend on this pair has been bearish since end of Dec 08) although long term trend is bullish.
Attached Images
  • #1,712
  • May 29, 2009 1:59pm May 29, 2009 1:59pm
Quoting Dropped Onion
Hi CW,

looks like a nice pin on the 4 hour eurgpb chart. long nose. off decent pivot zone. is this pair headed lower? maybe. it is Friday though so pin is not likely to be broken to the downside today.
also it's with the trend (trend on this pair has been bearish since end of Dec 08) although long term trend is bullish.
I feel like this is what CW was talking about a couple pages back about having those contradicting signals like the recent GU one.
The bearish pinbar is nice here, but looking at the daily we have a two day bullish pinbar off of the strong support that's a part of the triangle.
My take would be to wait, especially since it's Friday because the direction is not clear yet.
  • #1,713
  • May 29, 2009 2:09pm May 29, 2009 2:09pm
gbpchf and cadjpy...they are making beautiful setups worth to give them sometime...
  • #1,714
  • May 29, 2009 2:10pm May 29, 2009 2:10pm
Quoting jonaslt
I feel like this is what CW was talking about a couple pages back about having those contradicting signals like the recent GU one.
The bearish pinbar is nice here, but looking at the daily we have a two day bullish pinbar off of the strong support that's a part of the triangle.
My take would be to wait, especially since it's Friday because the direction is not clear yet.
Nicely pointed out (2 day pin) Jonaslt. I had missed that fact. CW has highlighted these scenarios in the past, most recently with the 4 hour cable pin that he said to stay away from (and that pin has since failed).
  • #1,715
  • May 29, 2009 2:11pm May 29, 2009 2:11pm
Quoting nomask
gbpchf and cadjpy...they are making beautiful setups worth to give them sometime...
beauty is in the eye of the beholder

gbpchf looks good, but i am waiting for a breakout of the large triangle.
  • #1,716
  • May 29, 2009 2:20pm May 29, 2009 2:20pm
Quoting jonaslt
I feel like this is what CW was talking about a couple pages back about having those contradicting signals like the recent GU one.
The bearish pinbar is nice here, but looking at the daily we have a two day bullish pinbar off of the strong support that's a part of the triangle.
My take would be to wait, especially since it's Friday because the direction is not clear yet.

BINGO. EXACTLY. I love this pair to be honest, and enjoy trading it.....but I see an THICK area we are sitting at.
  • #1,717
  • May 29, 2009 2:23pm May 29, 2009 2:23pm
Quoting Dropped Onion
beauty is in the eye of the beholder

gbpchf looks good, but i am waiting for a breakout of the large triangle.

My sucky broker doesn't offer CAD/JPY.....but the GBP/CHF is just taunting me with this "wishy-washy" crap. But.....it seems that pairs that do this kind of action will sooner or later become a DEAD OBVIOUS trade.

When this thing decides what it wants to do, I expect to make a lot of money off of it.

CW
  • #1,718
  • May 29, 2009 4:23pm May 29, 2009 4:23pm
CW, the audusd seems to be at an interesting area. we have the 0.8000 round number. close to 50% retrace. maybe PA will show the way, short or long, in the coming week.
Attached Image
  • #1,719
  • May 29, 2009 6:00pm May 29, 2009 6:00pm
How about this 2 day pin at a important weekly Pivot Zone.

  1. 2 day pin, nice shape, long nose, close below 95.50
  2. rejection of weekly PPZ around 96.00
  3. weekly charts has been moving down after 61% Retracement (3rd chart)
  4. weekly trend bearish

But we do have a shorter term PPZ with resistance around 94.50 that any shorts will invariably encounter.

Attached Images
  • #1,720
  • May 29, 2009 10:36pm May 29, 2009 10:36pm
Quoting Dropped Onion
CW, the audusd seems to be at an interesting area. we have the 0.8000 round number. close to 50% retrace. maybe PA will show the way, short or long, in the coming week.
Agreed. And to be honest, there are a few pairs lining up. Should be some moves soon.
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