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Silent Service Method

  • #2,741
  • Jul 6, 2009 3:43pm Jul 6, 2009 3:43pm
Quoting hel13rock
So you took a $1300 drawdown to make $200?
Yeah, right, nice try, dude.. I took any trades and always win,
sometimes trade got into situation like this as I showed you..
That's if almost everything went wrong, and I still take a profit
In 90% other chances there is not even 2nd average down trade
executed, but you have to know what you trade. And I only trade
EURUSD pair that way...

My point is - eventually every trade is a WIN, the only matter is time

if it goes in line with your plan, then those $200 executes in terms of a
minutes and if it moves against you, it could take day or so, but still,
profit.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #2,742
  • Jul 6, 2009 3:45pm Jul 6, 2009 3:45pm
Quoting kodflakes
well if you take a look at it 95 is looking like where my 4hr is going to close and there is a 50 pip zone lately. So there is your round number. But thanks for throwing that out there it made me take a second look.

I was just reading this, and was going to say "Looks like a 50 pip zone to me." :-)
  • #2,743
  • Jul 6, 2009 3:47pm Jul 6, 2009 3:47pm
Quoting hel13rock
CW, is this eurgbp chart too messy to take a short? The daily candle is looking like a nice pin off the trendline, 3rd or 4th touch and it looks like it can't close above 0.86. It looks like a reasonable trade except for the noise in the lead up to it. I think I may pass on this one but would appreciate your opinion?
Edit: Looking back, the previous pin would have been the kind of PA to look for, correct?

Also that eurjpy I showed you the other day looks a bit shaky too. A few hours til the close yet but it broke right through that pretty strong...
Agreed on the first chart. While technically it is similar to what I like to see....there's a ton of noise right under it. I agree - pass.

I would be a little more inclined to go long on the eur/jpy one.....if I were to take it here.....but again, kinda noisy for my liking. It would be a short term trade without a doubt.

CW
  • #2,744
  • Jul 6, 2009 3:47pm Jul 6, 2009 3:47pm
Quoting SkyzerFX
Yeah, right, nice try, dude.. I took any trades and always win,
sometimes trade got into situation like this as I showed you..
That's if almost everything went wrong, and I still take a profit
In 90% other chances there is not even 2nd average down trade
executed, but you have to know what you trade. And I only trade
EURUSD pair that way...

My point is - eventually every trade is a WIN, the only matter is time

if it goes in line with your plan, then those $200 executes in terms of a
minutes and if it moves against you, it could take day or so,...
Ok, why not start your own thread and explain in detail how to use your system and anybody who is interested can follow it? I'd definitely be interested if you started your own thread then you can put all your charts and stuff there?
  • #2,745
  • Jul 6, 2009 3:48pm Jul 6, 2009 3:48pm
Quoting hel13rock
but what happens when the trend reverses and eurusd just keeps going against your position?
Good question.. Well trade won't reverse, not in foreseeable future
at least..

Dollar is DEAD! And we'll see $1.50/EURO before (if ever) we'll see $1.30,

That's just how it is.. Simple enough?
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  • #2,746
  • Jul 6, 2009 3:48pm Jul 6, 2009 3:48pm
Quoting aarangio
Hi ya CW,

Thanx for getting back to me on this..

Really sorry but I'm a bit confused on your answer ....are you just saying to zoom the chart out and it will give you a clearer picture of what is going on there with S/R areas and doesn't look so messy.... and if trying to place a buy/sell on this 4h chart there is just to much traffic/consolidation to trade off placing to much risk on a trade like this?

Thanx once again for your help,

Adrian
I guess I am saying if you look at a weekly chart - I would be more inclined to short this pair at the top of this area......
  • #2,747
  • Jul 6, 2009 3:49pm Jul 6, 2009 3:49pm
Quoting SkyzerFX
You think so? Ok,.. Just check my charts.. I take a position

here:

Image 1 (showing loss about $1300), - look how average down buys are

placed.

Day 2 (Already in win about $160), but I refuse to close trades,

OK, Image #3, Market still move against me and another BUY executed

lower... Every single system are showing SELL and LOSS.. Well, guess

what, I just close the trade with $200 profit ( I know it will go move

up much higher from now) but, I just decide to take trades up from here

WIN / WIN... Got it?

Ok, you win. Your pee-pee is bigger than mine.

Jesus.
  • #2,748
  • Jul 6, 2009 3:50pm Jul 6, 2009 3:50pm
Quoting hel13rock
Ok, why not start your own thread and explain in detail how to use your system and anybody who is interested can follow it? I'd definitely be interested if you started your own thread then you can put all your charts and stuff there?
Ok, sorry.. I'll have to collect more charts setups to start the

thread... Will do, thanks..
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  • #2,749
  • Jul 6, 2009 4:01pm Jul 6, 2009 4:01pm
Copper: Nice PB I think.
223 PPZ has been rejected, uptrend.
Attached Image (click to enlarge)
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Trading: the skill of avoiding trades
  • #2,750
  • Jul 6, 2009 4:12pm Jul 6, 2009 4:12pm
Quoting eswap0
Copper: Nice PB I think.
223 PPZ has been rejected, uptrend.

Looking at this chart only, I would say it's interesting.
  • #2,751
  • Jul 6, 2009 4:13pm Jul 6, 2009 4:13pm
As clockworks once said somewhere here in this thread '' theres nothing that forces you to be in a trade at all times '' am gonna sit this one out and wait on the sidelines till I get some clear confirmation.
  • #2,752
  • Jul 6, 2009 4:13pm Jul 6, 2009 4:13pm
Quoting SkyzerFX
Ok, sorry.. I'll have to collect more charts setups to start the

thread... Will do, thanks..
Ok, great. Make sure to let everyone know when it's done so we can learn your system.
  • #2,753
  • Jul 6, 2009 4:17pm Jul 6, 2009 4:17pm
Quoting hel13rock
Ok, great. Make sure to let everyone know when it's done so we can learn your system.
Am looking forward to his Jedi level system.
  • #2,754
  • Jul 6, 2009 4:21pm Jul 6, 2009 4:21pm
Quoting clockwork71
Looking at this chart only, I would say it's interesting.
Copper: A little bit more info & big picture.
50 FIB confluence also rejected from last high.

BTW: congrats for you good eye (whitegoodman & CW) with HPQ
Attached Image (click to enlarge)
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Trading: the skill of avoiding trades
  • #2,755
  • Jul 6, 2009 4:22pm Jul 6, 2009 4:22pm
Quoting split_unit
Am looking forward to his Jedi level system.
The force is either with you or it's not... If I can learn a system where I'll never lose a trade again just by averaging down I'm going to go for it man! I can't believe I haven't thought of it before and I've been wasting all my time on this support and resistance rubbish.

I'm just hoping skyzerfx spends a good long time starting his new thread so I can carry on learning this method in the meantime.
  • #2,756
  • Jul 6, 2009 4:27pm Jul 6, 2009 4:27pm
Stock trade I took today. Up a rockin' 5 bucks. :-)
Attached Image (click to enlarge)
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  • #2,757
  • Jul 6, 2009 4:29pm Jul 6, 2009 4:29pm
Quoting clockwork71
Stock trade I took today. Up a rockin' 5 bucks. :-)
Looks like the elusive box trading to me
  • #2,758
  • Jul 6, 2009 4:31pm Jul 6, 2009 4:31pm
Thanx for that CW....I see where your coming from now

Quoting clockwork71
I guess I am saying if you look at a weekly chart - I would be more inclined to short this pair at the top of this area......
  • #2,759
  • Jul 6, 2009 4:32pm Jul 6, 2009 4:32pm
Some calls I sold - we mentioned this last week.
Attached Image (click to enlarge)
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  • #2,760
  • Jul 6, 2009 5:05pm Jul 6, 2009 5:05pm
There are a lot of daily pins shaping up. Looks like they were closing out the long stoplosses. eurusd, gbpusd, usdjpy.

Nice trade on the HPQ CW.
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