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Silent Service Method

  • #3,061
  • Jul 12, 2009 11:34am Jul 12, 2009 11:34am
Quoting stewrigh
u can set ur sights too low tho.

If you aim for the stars u might reach the moon.

luv the cartoon tho.
That's why I put a target as optional on the trade plan. If there is no s/r line for quite a while like gbpchf at the moment then an 800 pip tp seems a little hopeful but if it starts moving that direction what is there to stop it?

I'm thinking just following CW's advice and trail your stops up behind areas on the h4 chart has to be the way to go. The market will give you as much as it wants to, sometimes a lot, sometimes maybe BE.
  • #3,062
  • Jul 12, 2009 2:29pm Jul 12, 2009 2:29pm
http://i32.tinypic.com/5me3rd.png
  • #3,063
  • Jul 12, 2009 2:50pm Jul 12, 2009 2:50pm
If you look back a few pages I mentioned it formed a double top on the daily chart but with not very clear PA to take a trade.

There's a pretty good trendline on that weekly chart to the downside. Still not too keen on the trade as the fundamentals with Cad are a bit uncertain at the moment and it really wasn't an obvious signal for a short.
  • #3,064
  • Jul 12, 2009 2:58pm Jul 12, 2009 2:58pm
Quoting hel13rock
There's a pretty good trendline on that weekly chart to the downside. Still not too keen on the trade as the fundamentals with Cad are a bit uncertain at the moment and it really wasn't an obvious signal for a short.
I'm confused by your answer: TL to the downside, last push up left my oanda feed with a daily pin, MACD also suggest downside potential, next support is 600 pips away, risk to enter now is about 145 pips(SL at 1.6350).

Maybe I'm talking myself into it, but it looks probable.
  • #3,065
  • Jul 12, 2009 3:09pm Jul 12, 2009 3:09pm
Quoting Low
I'm confused by your answer: TL to the downside, last push up left my oanda feed with a daily pin, MACD also suggest downside potential, next support is 600 pips away, risk to enter now is about 145 pips(SL at 1.6350).

Maybe I'm talking myself into it, but it looks probable.
We have different feeds. Chart attached.

Looks pretty good on the weekly but my daily shows a move up with a lot of messing about and a double top. Fridays candle doesn't exactly look like convincing PA to enter a trade.

I'm not saying it won't go your way, just that from the information I have from my daily chart that I won't be entertaining it.

Audcad looks like a better trade to the long side.

Oil has been falling in the last few days with no obvious support near and I'm keen on audcad long. Put it all together... weak price action, audcad long and fundamentals and it's just telling me to watch from the sidelines.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad short2.gif Size: 23 KB
  • #3,066
  • Jul 12, 2009 3:13pm Jul 12, 2009 3:13pm
I've been messing around with prorealtime programming and managed to build a scan, of sorts, for a hammer and a shooting star. The hammer scan threw up this example. Hammer right off the 38.2 fib and 12.50 SR zone. Looks good to me and I'll be watching it Monday. Only thing would be its a low volume stock. Any other thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: CLAYMORE_CLEAR GT.png Size: 15 KB
  • #3,067
  • Jul 12, 2009 3:27pm Jul 12, 2009 3:27pm
Quoting ajhill
I've been messing around with prorealtime programming and managed to build a scan, of sorts, for a hammer and a shooting star. The hammer scan threw up this example. Hammer right off the 38.2 fib and 12.50 SR zone. Looks good to me and I'll be watching it Monday. Only thing would be its a low volume stock. Any other thoughts?
I really think this is a good looking chart, but like you said: low volume. I don't like to trade these low volume stocks myself.
  • #3,068
  • Jul 12, 2009 4:09pm Jul 12, 2009 4:09pm
Quoting ajhill
I've been messing around with prorealtime programming and managed to build a scan, of sorts, for a hammer and a shooting star. The hammer scan threw up this example. Hammer right off the 38.2 fib and 12.50 SR zone. Looks good to me and I'll be watching it Monday. Only thing would be its a low volume stock. Any other thoughts?
wow that is indeed a pretty chart... volume is a little low but if you look back in its history it doesnt gap too much or have days of inactivity. Nice long trade setup
Grabbing the bull by the horns!
  • #3,069
  • Jul 12, 2009 5:04pm Jul 12, 2009 5:04pm
Hi, new to the forum and just read the first few pages of this thread. I like the no indicator simplicity of this method.

Is anybody making money following this method?
  • #3,070
  • Jul 12, 2009 5:27pm Jul 12, 2009 5:27pm
Quoting Snr Dinero
Hi, new to the forum and just read the first few pages of this thread. I like the no indicator simplicity of this method.

Is anybody making money following this method?
Uhhhhh.....yeah. I made 14.7 million ZimDollars last week.

  • #3,071
  • Jul 12, 2009 5:43pm Jul 12, 2009 5:43pm
Quoting clockwork71
Uhhhhh.....yeah. I made 14.7 million ZimDollars last week.

That's about $3.50 isn't it?
  • #3,072
  • Jul 12, 2009 7:36pm Jul 12, 2009 7:36pm
Quoting PeterFM
That's about $3.50 isn't it?
actually i think its significantly less.... i think you could get 100 TRILLION for like $20......

Zimbabwe might be the first country to have a currency note with a to the powers of 10 (^10) written on it HA
Grabbing the bull by the horns!
  • #3,073
  • Jul 12, 2009 7:56pm Jul 12, 2009 7:56pm
Low

Ignore the picture I meant support Ive had a long day
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.png Size: 43 KB
  • #3,074
  • Jul 12, 2009 7:57pm Jul 12, 2009 7:57pm
Hey Chris,
Do you trade this pair, usddkk?
I'm watching that levels for a PA.
Attached Image (click to enlarge)
Click to Enlarge Name: usddkk.gif Size: 22 KB
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #3,075
  • Jul 12, 2009 8:01pm Jul 12, 2009 8:01pm
Kodflakes... you could in turn draw a zone on the top aswell to look for shorts... me personally id be looking for a breakout and retest of one of them
Grabbing the bull by the horns!
  • #3,076
  • Jul 12, 2009 8:21pm Jul 12, 2009 8:21pm
Quoting PeterFM
That's about $3.50 isn't it?

Yeah, but the damn transaction costs are killing me!
  • #3,077
  • Jul 12, 2009 8:23pm Jul 12, 2009 8:23pm
Quoting ikki
Hey Chris,
Do you trade this pair, usddkk?
I'm watching that levels for a PA.

Actually, I can't say I ever have. I wouldn't be afraid to though. It look like you could see something out of it soon though.

CW
  • #3,078
  • Jul 13, 2009 1:58am Jul 13, 2009 1:58am
Hi folks

First chart I've posted on this thread, so be gentle on me

I'm waiting for 4hr PA to show up at the 7700 level on the aussie. This level has quite a few touches much further back on my chart too.
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.gif Size: 30 KB
If it's too good to be true, it probably is.
  • #3,079
  • Jul 13, 2009 4:33am Jul 13, 2009 4:33am
Quoting Danku
Hi, hel13rock, am long this pair too...So lets wait and see what happens next week.
My GBPCHF long got stopped out. What a start to the week?NOMASK.............Over time i have noticed that you pay alot of attention to the Daily Chart and even take trades off it. What do you think of the 4-hr TF off Monthly, Weekly and Daily S/R lines, because i seem to be getting something totally wrong?? Of the three trades i have taken using this method, i got one win (atleast the win was a 4:1) n two loses (on 2:1 R.R.R.).....Two trades were off Daily S/R and one off the Weekly S/R
  • #3,080
  • Jul 13, 2009 5:35am Jul 13, 2009 5:35am
VitaminBeer,
same with mrgreen & aarangio, i appreciate you sharing that here & the effort u put in scanning those pages.
(i have yet to buy that book)

(btw, does Australia have a vitamin Beer? our country recently had one)

Cheers
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