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Silent Service Method

  • #2,881
  • Jul 8, 2009 1:08pm Jul 8, 2009 1:08pm
Quoting hel13rock
Hey buddy, watch out, you're learning TOO fast! You should surely go through the same torment as the rest of us did before we found this thread! Glad to see you're "getting it" sooner than I did.
Hello Hel13,

No way Man...I am still learning....so much to learn....but this thread is teaching me a lot....thanks for you guys...

-happyTrading-
-happyTrading-myFx.
  • #2,882
  • Jul 8, 2009 1:13pm Jul 8, 2009 1:13pm
Quoting hel13rock
Blimey, I thought I'd had a few beers but you boys are OUTSIDE! Why are you even evaluating the hourly? I don't give a fig what happens intraday, if it ain't sticking out on a daily chart I'm not going to trade it and that is that. Good luck both of you
I agree, i don't trade below the 4hr time frame, just giving my opinion. I've found its better not to ask for advice on forums whether to take a trade or not, what makes you think some random stranger knows more about your setup than you. Trust your own analysis.
I hear and I forget. I see and I remember. I do and I understand.
  • #2,883
  • Jul 8, 2009 1:18pm Jul 8, 2009 1:18pm
Quoting tac
I agree, i don't trade below the 4hr time frame, just giving my opinion. I've found its better not to ask for advice on forums whether to take a trade or not, what makes you think some random stranger knows more about your setup than you. Trust your own analysis.
I make you 100% right but sometimes it's nice to back up your own analysis with someone that you trust. Forums are mostly random strangers but this thread has its fair share of good people who actually know what they are talking about...
  • #2,884
  • Jul 8, 2009 1:22pm Jul 8, 2009 1:22pm
Quoting hel13rock
I make you 100% right but sometimes it's nice to back up your own analysis with someone that you trust. Forums are mostly random strangers but this thread has its fair share of good people who actually know what they are talking about...
Very true hel13rock, if someone is in early stages of learning price action/support resistance type trading its good to get some positive reinforcement on your analysis. Just don't let it become a crutch.
I hear and I forget. I see and I remember. I do and I understand.
  • #2,885
  • Jul 8, 2009 1:25pm Jul 8, 2009 1:25pm
Quoting tac
Very true hel13rock, if someone is in early stages of learning price action/support resistance type trading its good to get some positive reinforcement on your analysis. Just don't let it become a crutch.
No worries
  • #2,886
  • Jul 8, 2009 1:28pm Jul 8, 2009 1:28pm
Like a bat out of hell I'll be gone when the morning comes...
  • #2,887
  • Jul 8, 2009 1:29pm Jul 8, 2009 1:29pm
Does meatloaf count as OFF TOPIC? Oops, going to bed, good trading all.
  • #2,888
  • Jul 8, 2009 1:33pm Jul 8, 2009 1:33pm
Quoting hel13rock
Does meatloaf count as OFF TOPIC? Oops, going to bed, good trading all.
I will never forget being drunk enough to karaoke a Meatloaf song once with two girls I was out with. Ugh. lol
  • #2,889
  • Jul 8, 2009 1:35pm Jul 8, 2009 1:35pm
Quoting clockwork71
I will never forget being drunk enough to karaoke a Meatloaf song once with two girls I was out with. Ugh. lol
Surely Camtasia can help with that one?

Times when you should NOT take a trade 101!
  • #2,890
  • Jul 8, 2009 1:43pm Jul 8, 2009 1:43pm
Quoting hel13rock
Does meatloaf count as OFF TOPIC? Oops, going to bed, good trading all.
Hehehe, good night.

The Euro is approaching an interesting zone. Apologies if this has been talked about before.
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I hear and I forget. I see and I remember. I do and I understand.
  • #2,891
  • Jul 8, 2009 1:50pm Jul 8, 2009 1:50pm
Quoting tac
Hehehe, good night.

The Euro is approaching an interesting zone. Apologies if this has been talked about before.
Your 5th post? I've a feeling you've had some interest in forex before coming here?

Most of the USD pairs are moving in a similar pattern and eurusd is no exception.

My opinion is that there has been some significant moves against the main trend but I'll be watching the s/r levels below very closely to watch for reversals.
  • #2,892
  • Jul 8, 2009 2:00pm Jul 8, 2009 2:00pm
Quoting hel13rock
I make you 100% right but sometimes it's nice to back up your own analysis with someone that you trust. Forums are mostly random strangers but this thread has its fair share of good people who actually know what they are talking about...

Absolutely right...
-happyTrading-myFx.
  • #2,893
  • Jul 8, 2009 2:02pm Jul 8, 2009 2:02pm
Quoting myfx
Absolutely right...
Oooh stop it!
  • #2,894
  • Jul 8, 2009 2:26pm Jul 8, 2009 2:26pm
Friday night they'll be dressed to kill
Down at Chris's bar and grill
The drink will flow and blood will spill
If the boys want to fight, you'd better let them
  • #2,895
  • Jul 8, 2009 2:26pm Jul 8, 2009 2:26pm
1st lose today: took eurjpy 4h PB, trying to catch 1.3100 and 1.3150 rejection
I think my mistake is I should have set my order clearly above 1.50 (say 5 pips), instead of 5 pips above the PB, at 1.3146
Another lesson learned, cost me 106 pips.
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Trading: the skill of avoiding trades
  • #2,896
  • Jul 8, 2009 2:35pm Jul 8, 2009 2:35pm
2nd and last lose today: took 4h PB.
I knew it didn't protude too much, but hope the rejection of TL below could so some effect.
Probabily EMA200 also pushed me a little bit.
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Trading: the skill of avoiding trades
  • #2,897
  • Edited 2:37pm Jul 8, 2009 2:36pm | Edited 2:37pm
I really hope I don't miss out of some of the action this week. My boss had to go to Europe for an obligation, and left me in charge. Employees, schedules, customers, distributors, inventory, ordering..... It's exhausting, and I have no mental strength left at the end of the day to properly analyze potential set-ups. Hell, my GF even got angry because I didn't take the HPQ that CW's milking right now.

6 more days......

Anyways, enough complaining, here's something I'm watching:

http://i29.tinypic.com/iojlfs.png
  • #2,898
  • Jul 8, 2009 2:47pm Jul 8, 2009 2:47pm
Quoting hel13rock
Your 5th post? I've a feeling you've had some interest in forex before coming here?

Most of the USD pairs are moving in a similar pattern and eurusd is no exception.

My opinion is that there has been some significant moves against the main trend but I'll be watching the s/r levels below very closely to watch for reversals.
What can I say im a quick learner! Just kidding, as I said in my first post Ive been learning this type of trading for over a year. However this thread has simplified my trading. Only looking at the most significant of levels filters a lot of shit trades.
I hear and I forget. I see and I remember. I do and I understand.
  • #2,899
  • Jul 8, 2009 2:47pm Jul 8, 2009 2:47pm
Quoting Low
I really hope I don't miss out of some of the action this week. My boss had to go to Europe for an obligation, and left me in charge. Employees, schedules, customers, distributors, inventory, ordering..... It's exhausting, and I have no mental strength left at the end of the day to properly analyze potential set-ups.
Bummer, where are you based then? I thought CFD's are illegal in the states?

If I had an "obligation" to go to Europe I'd be there in a shot! Mind you I do technicaly live in the place... Noone in the United Kingdom of Great Britain and Northern Ireland would admit to it but we are in Europe whether we like it or not! Still haven't got their currency though!!!
  • #2,900
  • Jul 8, 2009 2:48pm Jul 8, 2009 2:48pm
Quoting tac
Hehehe, good night.

The Euro is approaching an interesting zone. .
"interesting zone" ?

There was a "Buy" dude, now Piglet flying down without wings..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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