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Silent Service Method

  • #3,381
  • Jul 19, 2009 8:24pm Jul 19, 2009 8:24pm
Basically but if you go back a little bit the market had some more hesitation in the same area. Notice the highlighted areas.

Quoting calderone
Maybe I should wait till the retracement after the break up.

The 74.50 is judged by the low of the previous bar-right?
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  • #3,382
  • Jul 19, 2009 8:32pm Jul 19, 2009 8:32pm
Quoting kulu
The pin has a nice nose and everything. I like the location too, but I would watch the volume. would like to see higher volume than that. Also, SKX earnings release on 07/22/09. I would also watch the $10.50 level.

Chris, what do you think?

Yeah, I suppose that's a minor issue. I don't mind low volume when it's a failure. When we reach a S/R line on low volume, I expect it to fail.....

As for earnings, well....that's a bit of a monkey wrench in the plan.

CW
  • #3,383
  • Jul 19, 2009 8:35pm Jul 19, 2009 8:35pm
Quoting kodflakes
Basically but if you go back a little bit the market had some more hesitation in the same area. Notice the highlighted areas.
I see, thanks for the chart.

Do you see any other interesting charts?
  • #3,384
  • Jul 19, 2009 9:05pm Jul 19, 2009 9:05pm
Just be careful with it being reporting season shares could jump or dive depending on results. Have a look at yahoo biz for reporting time.
  • #3,385
  • Jul 19, 2009 9:11pm Jul 19, 2009 9:11pm
This si a really good area but Havent seen any solid sign to enter.

Quoting calderone
I see, thanks for the chart.

Do you see any other interesting charts?
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  • #3,386
  • Jul 19, 2009 9:15pm Jul 19, 2009 9:15pm
Quoting kodflakes
This si a really good area but Havent seen any solid sign to enter.
I will keep my eyes open.
  • #3,387
  • Jul 19, 2009 9:47pm Jul 19, 2009 9:47pm
Quoting kodflakes
This si a really good area but Havent seen any solid sign to enter.
Just be patient and wait for PA. I would also watch the 4H to see if we can get PA over there at this level. This pair is also on my watch list.

Patience pays.
  • #3,388
  • Jul 19, 2009 9:49pm Jul 19, 2009 9:49pm
hey guys,

big fan of cris's methods from the j16 private group.. he is trully a great trader who completely changed my trading philosophi....

looking forward to adding some stuff to the thread....
  • #3,389
  • Jul 19, 2009 10:08pm Jul 19, 2009 10:08pm
Quoting kulu
Just be patient and wait for PA. I would also watch the 4H to see if we can get PA over there at this level. This pair is also on my watch list.

Patience pays.
I've been hoping she would give us an entry too... your charts look just like mine.
  • #3,390
  • Jul 19, 2009 10:13pm Jul 19, 2009 10:13pm
Quoting clockwork71
There is something that's not being pointed out here either. I didn't start out a rich man. My mother, God rest her soul, came from southern Ohio coal country. My father wasn't around, although he paid child support. I was not born into wealth. Everything I have, I have worked for. This group will be no different.

However, most people will try to tell you that "I turned a thousand into a million in 30 days." Bullshit. Compounding interest is what it's all about.

Besides.....who here is willing to get up at 4 a.m. to do webinars?...
thanks, that clarified a lot of things!
  • #3,391
  • Jul 20, 2009 12:30am Jul 20, 2009 12:30am
Anybody trading yen pairs bear in mind that oil is on the way back up and could be trending up for a while so longs look more solid.

Similarly usdcad and eurcad are both dropping as a result.
  • #3,392
  • Jul 20, 2009 1:06am Jul 20, 2009 1:06am
Quoting Luso
At such big zones, i draw the lines at the extremes of the ranges because there is room for a big move is PA is shown at the extreme levels...

You second box has a 500 pip range. So, if you see PA around 1.03 to go short, why don't you take the trade and be aware of the round number and
Hi ya Luso, Low and CW,

Just wanted to say a big thanks to all of you for helping make things alot clearer for me especially adding to the chart I put up Luso it was a big help in making things a lot clearer ..
CW thanks muchly for the new added video you put up on S/R that helped alot to although i was shocked to see your take on the USD/CAD as you hardly have any lines of S/R on there....then again maybe i better clean out the house as Hel13rock said ..

Cheers and BIG thanks to everyone on this

Adrian
  • #3,393
  • Jul 20, 2009 1:25am Jul 20, 2009 1:25am
The AUDCHF I took on break of the latest daily pinbar required four daily bars to break the 0.8550 and is still not really through but looks like it could happen now.

It's a progress for me to put the stop for a >100 pips trade at a minor PPZ a bit above BE at and wait four days for something to happen.

One more example of "time does not exist, therefore it shouldn't affect your trading".

stefx.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #3,394
  • Jul 20, 2009 1:34am Jul 20, 2009 1:34am
Quoting kodflakes
Hey all Ive been watching the AJ for a while now took a short last week that just stalled after running so well right off the bat. Also the AU has a ton of room to run and the UJ is real close to some resistance. So this is what Im looking to happen with the AJ.

I think, that is exactly happening now.
-happyTrading-myFx.
  • #3,395
  • Jul 20, 2009 2:07am Jul 20, 2009 2:07am
Anyone else watching this one?
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  • #3,396
  • Jul 20, 2009 2:44am Jul 20, 2009 2:44am
Quoting hel13rock
Anybody trading yen pairs bear in mind that oil is on the way back up and could be trending up for a while so longs look more solid.

Similarly usdcad and eurcad are both dropping as a result.
I am currently long this pair. Saw the two Inside PBs and looked for trigger signal off the 4-hr and i was in the trade, hoping to ride it to the 77.78, T/P.........

I stopped trying to get alot of details off a currency pair because the end result was i did not take the trades and after sometime i regretted it for refusing to keep it K.I.S.S........please see two charts below..the Daily n 4-hr charts with my Weekly S/R Areas drawn...Any suggestions......please

Happy Trading
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  • #3,397
  • Jul 20, 2009 4:05am Jul 20, 2009 4:05am
Hi ya..

For those peoples checking out the AUD/JPY set up and how to go about trading it this vid may be of great benefit to you on ideas on this and other pairs....if you have time check out all his Vid's as all are excellent for learning different takes on things..

http://www.learntotradethemarket.com...s-inside-bars/

Hope this benefits someone,

Adrian
  • #3,398
  • Jul 20, 2009 6:07am Jul 20, 2009 6:07am
Quoting aarangio
Hi ya..

For those peoples checking out the AUD/JPY set up and how to go about trading it this vid may be of great benefit to you on ideas on this and other pairs....if you have time check out all his Vid's as all are excellent for learning different takes on things..

http://www.learntotradethemarket.com...s-inside-bars/

Hope this benefits someone,

Adrian

Hi Adrian,


Some good informational videos.....
-happyTrading-myFx.
  • #3,399
  • Jul 20, 2009 6:13am Jul 20, 2009 6:13am
Quoting aarangio
Hi ya..

For those peoples checking out the AUD/JPY set up and how to go about trading it this vid may be of great benefit to you on ideas on this and other pairs....if you have time check out all his Vid's as all are excellent for learning different takes on things..

http://www.learntotradethemarket.com...s-inside-bars/

Hope this benefits someone,

Adrian
Thanks!
  • #3,400
  • Jul 20, 2009 8:06am Jul 20, 2009 8:06am
Quoting Razor_trader
Ive spent alot of time reading through this thread because I love my higher TFs and enjoy reading about those who share commonality. There are thousands of people/companys who make you pay for there methods, trading ways and robots and very few of them have put in the time to help new traders and timed traders, that is traders who have been trading for long periods but have had small success, to help develope. I cant speak for others but not everyone has an ulterior motive, and if in the future someone does embark on the paid serivice side of things,...

There are many desperate people around - easy to reel in and take advatage of. And all credit to CW for emphasising the stability of trading off weekly s&r - but unfortunately it does appear that this thread was started with only one end in mind - to reel people in - normally this takes a year - in many cases 2 years (so there has actually been real sustained effort put in by the thread originator and there is trust and a proven track record) - but testimony to these desperate times - here it has taken only a few weeks and a few lines on a weekly chart - quite remarkable.
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