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Silent Service Method

  • #2,381
  • Jun 28, 2009 7:17pm Jun 28, 2009 7:17pm
Quoting moneda
Hello,

I am having some difficulty deciding on a PPZ for the eur/gbp on the weekly... here are my zones for now.... anyone agree with them?

Thanks
go to the daily and zoom out to the max, it may help better
Grabbing the bull by the horns!
  • #2,382
  • Jun 28, 2009 7:28pm Jun 28, 2009 7:28pm
Quoting whitegoodman
go to the daily and zoom out to the max, it may help better
Whitegoodman,

Yes it helped a bit but this pair is not easy to pin down to areas where s/r create ppz or else I am being thick headed!

Thanks
Unus pro omnibus, omnes pro uno
  • #2,383
  • Jun 29, 2009 3:29am Jun 29, 2009 3:29am
Quoting moneda
Whitegoodman,

Yes it helped a bit but this pair is not easy to pin down to areas where s/r create ppz or else I am being thick headed!

Thanks
here is what i think...some pairs good to throw out pivot lines on weekly charts while some others only good with monthly....if the pair seems confused when you put your weekly line, try it monthly.(i dont use daily to place pivots)...sometimes that makes it even better...i use weekly chart for nzdusd due to lack of past data ,and monthly chart for eurusd to focus on strongest lines...
so,yes zoom out and move up to the higher timeframes until you get a clear picture..
  • #2,384
  • Jun 29, 2009 3:43am Jun 29, 2009 3:43am
Quoting clockwork71
Ok.....so what in the hell just happened? Too bad.

S.A. does show some promise though. I think they should get out of the first round none-the-less.

Spain on the other hand, is going to disappoint as usual.

WAIT. SA JUST SCORED AGAIN! WHAT A GAME!

2-2
Unbelievable! 2 great games this weekend!

Would have been nice if SA walked away with a bronze. Still, think they have come a long way and I'm proud of their performance.

As for USA, I really thought you had it in the bag after the 1st half .... Brazil has a knack for coming back in the 2nd half. Overall don't think you can be disappointed, you guys played well and have gained some well deserved respect. Let's see what happens in the World Cup!
  • #2,385
  • Jun 29, 2009 4:04am Jun 29, 2009 4:04am
Quoting moneda
Whitegoodman,

Yes it helped a bit but this pair is not easy to pin down to areas where s/r create ppz or else I am being thick headed!

Thanks
.86 .843 .823
Look at daily Nov 08
Shorts off .86 look great...
  • #2,386
  • Jun 29, 2009 5:59am Jun 29, 2009 5:59am
audnzd at an interesting area...
  • #2,387
  • Jun 29, 2009 6:12am Jun 29, 2009 6:12am
I entered this thread cos of the Cad/Jpy Discussions on it. does any one know the future chart setup of this pair, iam suggesting the cadjpy is forming a head and shoulder soon.
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  • #2,388
  • Jun 29, 2009 6:13am Jun 29, 2009 6:13am
Quoting jicjoc
.86 .843 .823
Look at daily Nov 08
Shorts off .86 look great...

jicjoc,

Yes, I got that one... thanks.
Unus pro omnibus, omnes pro uno
  • #2,389
  • Jun 29, 2009 6:19am Jun 29, 2009 6:19am
Quoting nomask
here is what i think...some pairs good to throw out pivot lines on weekly charts while some others only good with monthly....if the pair seems confused when you put your weekly line, try it monthly.(i dont use daily to place pivots)...sometimes that makes it even better...i use weekly chart for nzdusd due to lack of past data ,and monthly chart for eurusd to focus on strongest lines...
so,yes zoom out and move up to the higher timeframes until you get a clear picture..

Nomask and others,

I have a question for you guys... when connecting s/r on a monthly and sometimes weekly how far back are your ppz? Can we expect a ppz that shows between 1993 to 1995 hold any relevance to today global markets? Just a question that I have been contemplating for a while. I may be wrong about this but if a ppz is not connected to a more recent s/r...I tend to question its value. Having said the above I do see a nice ppz at around .8200 in the monthly that shows up in late 2008

Thanks for your input
Unus pro omnibus, omnes pro uno
  • #2,390
  • Jun 29, 2009 8:02am Jun 29, 2009 8:02am
Quoting moneda
Nomask and others,

I have a question for you guys... when connecting s/r on a monthly and sometimes weekly how far back are your ppz? Can we expect a ppz that shows between 1993 to 1995 hold any relevance to today global markets? Just a question that I have been contemplating for a while. I may be wrong about this but if a ppz is not connected to a more recent s/r...I tend to question its value. Having said the above I do see a nice ppz at around .8200 in the monthly that shows up in late 2008

Thanks for your input

Actually, yes. You would be surprised at how far back some of these lines can go.
  • #2,391
  • Jun 29, 2009 8:03am Jun 29, 2009 8:03am
Quoting dozzz71
I entered this thread cos of the Cad/Jpy Discussions on it. does any one know the future chart setup of this pair, iam suggesting the cadjpy is forming a head and shoulder soon.

It's not a head and shoulders until it's a head and shoulders. To anticipate is a great way to lose money over the long term.
  • #2,392
  • Jun 29, 2009 8:27am Jun 29, 2009 8:27am
Quoting clockwork71
Actually, yes. You would be surprised at how far back some of these lines can go.
CW,

Ok, I will keep an eye for ppz that show up over a decade ago but I am still skeptical if I don't see it in a more recent s/r ppz.

By the way I use to hang paper for a living and I did not like to paint Graduated from the US School Of Professional Paperhangers back in 1980's(lol, true!) and hung all kinds of substrate for about 4 years.
Unus pro omnibus, omnes pro uno
  • #2,393
  • Jun 29, 2009 8:33am Jun 29, 2009 8:33am
Hello,

Oooh...oooh... a PB is forming with the nzd/usd 4hr.

Well, we still have 145 minutes to go
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Unus pro omnibus, omnes pro uno
  • #2,394
  • Jun 29, 2009 10:02am Jun 29, 2009 10:02am
Quoting jicjoc
.86 .843 .823
Look at daily Nov 08
Shorts off .86 look great...
I see price has had some reaction to the 0.85 area in the past, and is currently messing around it. I agree that 0.86 would be a good place to see some short PA because of the strong resistance there, but do you factor in the 0.85 area at all?

Cheers
Simon
  • #2,395
  • Jun 29, 2009 2:07pm Jun 29, 2009 2:07pm
Quoting AnimalHungry
I see price has had some reaction to the 0.85 area in the past, and is currently messing around it. I agree that 0.86 would be a good place to see some short PA because of the strong resistance there, but do you factor in the 0.85 area at all?

Cheers
Simon

I would personally, think of it as a really thick line.

CW
  • #2,396
  • Jun 29, 2009 2:15pm Jun 29, 2009 2:15pm
Quoting nomask
here is a better view of the ej setup...i'll be thinking to get in this trade if it keeps its shape till end of day
as you see above i posted this almost a week ago...i think its started to make its way up now...
i'm re-uploading the screenshots...
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  • #2,397
  • Jun 29, 2009 2:20pm Jun 29, 2009 2:20pm
Quoting nomask
as you see above i posted this almost a week ago...i think its started to make its way up now...
i'm re-uploading the screenshots...

You still have ways to go for a close, but as it stands.....there are worse trades you could get into. However, I would be a little more excited if it took off a little quicker.

CW
  • #2,398
  • Jun 29, 2009 2:22pm Jun 29, 2009 2:22pm
Quoting nomask
as you see above i posted this almost a week ago...i think its started to make its way up now...
i'm re-uploading the screenshots...
Nomask,

I do not show a PB on the daily as you do. My Mt4 is with ODL so maybe there is a discrepancy. Is there someone that can tell me the difference in our charts.

Thanks
Unus pro omnibus, omnes pro uno
  • #2,399
  • Jun 29, 2009 2:25pm Jun 29, 2009 2:25pm
and below is my ideal tp area....i'm not saying i'll quit in this area ,it is possible to break through that level but will be ready to close the trade with any opposite sign..
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  • #2,400
  • Jun 29, 2009 2:27pm Jun 29, 2009 2:27pm
Quoting clockwork71
You still have ways to go for a close, but as it stands.....there are worse trades you could get into. However, I would be a little more excited if it took off a little quicker.

CW
you're right...i was disappointed when that thing stopped moving up after finding support on two different trend lines....thats what made me nervous...
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