Silent Service Method | Page 179 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Silent room 2 replies

Silent Success of Patience 10 replies

My silent journal 4 replies

bo7a method... method for GBP/JPY 205 replies

Seeing Through the Silent Crash 4 replies

Attachments: Silent Service Method
Exit Attachments

Silent Service Method

  • #3,561
  • Jul 21, 2009 3:23pm Jul 21, 2009 3:23pm
Quoting pianosax12
i agree chf/yen looks promising. On my feed i don't have great PA for the nz.

Cad/yen has a similar feel, although i have a ppz below @ 83.60 ish, if it can get through that, it might have a chance.

Both usd/cad and e/cad showing potential to go long, although i prefer the look of the e/cad, rejecting support at 1.5668, very near 23 fib pulled on the weekly.
Don't forget that the flip side of the yen strengthening is cad weakening, check the price of oil today...

That said if you trade both yen and cad pairs at the same time you are doubly exposing yourself to the price of oil. If one trade goes bad they both will.

I'm not trying to put you off, just reminding you of the consequences.
  • #3,562
  • Jul 21, 2009 3:25pm Jul 21, 2009 3:25pm
Quoting pizdun
ZL

again double top of big round number and a PPZ.......take the bearish bar for a riiide
Thanks for posting these, I'm interested in branching my trading out now I'm trading profitably, futures is one place I'm looking.
  • #3,563
  • Jul 21, 2009 3:36pm Jul 21, 2009 3:36pm
Thx, totally agree
Correlation is important, what i'm trying to do is find the best setup out of all the potentials- and usually fail miserably!
I like it when only 1 chart shows potential- it can't confuse mehttp://www.forexfactory.com/images/icons/icon11.gif
  • #3,564
  • Jul 21, 2009 3:45pm Jul 21, 2009 3:45pm
Quoting pianosax12
What a MUPPETT !!!
i never trade 4hr charts, only daily with an eye on the weekly for guidance.
Today, i had a day off from work, and ended up trading off the 4 hr, ravaged by greed and seduced by a million voices all agreeing what a great trade there was to be had, shorting e/usd off a pinbar.
The fact that i had a big fat 20ma sitting right below, well somehow i convinced myself it wasn't important, surely all these people can't be wrong??
SH.T__ i learned a great lesson today, if it ain't right on my charts, then Pass!!
There's lot of great input...
post a chart dude i do not have a 4h pin on EU on my chart...

and regarding the timeframe.....only trade what you are comfortable with and NEVER follow the crowd
  • #3,565
  • Jul 21, 2009 3:45pm Jul 21, 2009 3:45pm
Holding my usdjpy trade.
Entered at 93.95 after daily PB and ultra-safety buffer, SL 93.60
Hopping 93.80 4H PPZ will stop the retracement.
Moved SL to -15 pips.
Attached Images
Trading: the skill of avoiding trades
  • #3,566
  • Jul 21, 2009 3:52pm Jul 21, 2009 3:52pm
Quoting SimonK
Here's one from me. Dow Jones at weekly resistance, bearish outside bar and retrace.
Will it hold, not sure yet. But good risk/reward for an entry.

Simon, where did you get that meta trader for the dow, etc.?? It looks sweet...

thanks.
  • #3,567
  • Jul 21, 2009 3:54pm Jul 21, 2009 3:54pm
well that was a big jolt on earnings being announced.
  • #3,568
  • Jul 21, 2009 3:58pm Jul 21, 2009 3:58pm
Quoting myfx
i am really confused with all JPY crosses...any idea how far it will go down? i am finding it difficult to see solid S/R levels..
Just a newbie here, but FWIW I could see it going to around 1.27 (monthly trend line) or having some trouble at 1.3 (next level of major monthly support), I am planning on hiding stops behind 132.4 area and 131.5 area...if it gets there....I will see. I don't look at charts until 7:45 EST in the USA. Still at work now....
  • #3,569
  • Jul 21, 2009 4:17pm Jul 21, 2009 4:17pm
Quoting drebin
Simon, where did you get that meta trader for the dow, etc.?? It looks sweet...

thanks.
Got it on ODL Markets, drebin.
If it's too good to be true, it probably is.
  • #3,570
  • Jul 21, 2009 4:18pm Jul 21, 2009 4:18pm
Quoting pianosax12
What a MUPPETT !!!
i never trade 4hr charts, only daily with an eye on the weekly for guidance.
Today, i had a day off from work, and ended up trading off the 4 hr, ravaged by greed and seduced by a million voices all agreeing what a great trade there was to be had, shorting e/usd off a pinbar.
The fact that i had a big fat 20ma sitting right below, well somehow i convinced myself it wasn't important, surely all these people can't be wrong??
SH.T__ i learned a great lesson today, if it ain't right on my charts, then Pass!!
There's lot of great input...
Hope you werent refering to my post. Only your comment appeared straight after it.

I was referring to weekly resistance on the Dow with 4hr PA which I believe is what Chris uses.

This is a place to learn to trade and people shouldnt be disuaded from posting charts. Anyone who takes a trade based on another trader's chart without doing their own research only has themselves to blame.
If it's too good to be true, it probably is.
  • #3,571
  • Jul 21, 2009 4:18pm Jul 21, 2009 4:18pm
Quoting drebin
Simon, where did you get that meta trader for the dow, etc.?? It looks sweet...

thanks.
Hi ya Drebin,

I think this is what your looking for:-
http://www.odlmarkets.com/

Adrian
Attached Image (click to enlarge)
Click to Enlarge Name: Dow Jones.png Size: 101 KB
  • #3,572
  • Jul 21, 2009 4:21pm Jul 21, 2009 4:21pm
Quoting SimonK
Got it on ODL Markets, drebin.
Hi SimonK,

You already answered sorry

Adrian
  • #3,573
  • Jul 21, 2009 4:22pm Jul 21, 2009 4:22pm
Quoting aarangio
Hi SimonK,

You already answered sorry

Adrian
no probs, Adrian.
If it's too good to be true, it probably is.
  • #3,574
  • Jul 21, 2009 4:29pm Jul 21, 2009 4:29pm
Just to add a little bit of distraction away from forex...
Attached Image
Trading: the skill of avoiding trades
  • #3,575
  • Jul 21, 2009 5:10pm Jul 21, 2009 5:10pm
Nice chart. whats HO_CONT?
Quoting eswap0
Just to add a little bit of distraction away from forex...
  • #3,576
  • Jul 21, 2009 6:07pm Jul 21, 2009 6:07pm
Hi Chris,

This is one of the ok-looking hk stock for today.
Hopefully the huge volume during the down days is a reflection of sellers finishing their dumping and little bit contraction over past 2 days .
Attached Image (click to enlarge)
Click to Enlarge Name: 1387.PNG Size: 109 KB
  • #3,577
  • Edited 11:17pm Jul 21, 2009 6:10pm | Edited 11:17pm
wow i never knew odl had all these cool charts...

DAX....i dont even kno what it is.....

round number...yep
divergence...yep....
double top / previos test....yep
even got the 365 ema there
can i get some PA pleeeese
Attached Image (click to enlarge)
Click to Enlarge Name: dax.gif Size: 103 KB
  • #3,578
  • Edited 11:18pm Jul 21, 2009 6:44pm | Edited 11:18pm
Quoting pizdun
wow i never knew odl had all these cool charts...

DAX....i dont even kno what it is.....

round number...yep
divergence...yep....
double top / previos test....yep
even got the 365 ema there
can i get some PA pleeeese
Attached Image (click to enlarge)
Click to Enlarge Name: dax.gif Size: 103 KB

It's the Top 30 german indice containing a high proportion of technical/electronic companies. it closely follows the dow and moves similar to the ftse and french cac40 during europe open.
  • #3,579
  • Jul 21, 2009 7:32pm Jul 21, 2009 7:32pm
Quoting pizdun
DAX....i dont even kno what it is.....

round number...yep
divergence...yep....
double top / previos test....yep
even got the 365 ema there
can i get some PA pleeeese
That's awesome.
  • #3,580
  • Jul 21, 2009 7:55pm Jul 21, 2009 7:55pm
Quoting pianosax12
What a MUPPETT !!!
i never trade 4hr charts, only daily with an eye on the weekly for guidance.
Today, i had a day off from work, and ended up trading off the 4 hr, ravaged by greed and seduced by a million voices all agreeing what a great trade there was to be had, shorting e/usd off a pinbar.
The fact that i had a big fat 20ma sitting right below, well somehow i convinced myself it wasn't important, surely all these people can't be wrong??
SH.T__ i learned a great lesson today, if it ain't right on my charts, then Pass!!
There's lot of great input...
Pianosax-
Not sure of the myriads of voices as I didn't see any on this thread. Hope you weren't referring to my post earlier today regarding the EU. I promised to post a chart but couldn't earlier but here they are.
The h1 pinbar is too far down the time frame to be accurate hence my indecision to take it. I should have waited. I am still new at this.There is a daily pinbar on the D1 though. Don't trade from my post as I was looking for comments at the time but didn't get any.

At best it would be a short term trade.

Best Regards-
Attached Images
8 traders viewing now