Silent Service Method | Page 222 | 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

  • #4,421
  • Aug 6, 2009 9:51am Aug 6, 2009 9:51am
Quoting kodflakes
CW I know your pretty busy right now but when you get a chance can you explain FX options?

Hmmmm.....well I suppose I could, but I know someone who deals with them quite a bit more. Let me see if I can get him to post over here in the next 24 hours. If there's no response, PM me and I will do it. (In a totally amateurish way!)

I will write him.

Chris
  • #4,422
  • Aug 6, 2009 10:09am Aug 6, 2009 10:09am
Right on I appreciate it!
  • #4,423
  • Aug 6, 2009 11:30am Aug 6, 2009 11:30am
update on gbpchf..i'll check it at the end of day and make a decision...
p.s:i wish that beob happened after breaking previous swing high at 1.8100 level..that would mean a bearish divergence that could make short position even stronger
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 64 KB
  • #4,424
  • Aug 6, 2009 11:52am Aug 6, 2009 11:52am
Quoting nomask
update on gbpchf..i'll check it at the end of day and make a decision...
p.s:i wish that beob happened after breaking previous swing high at 1.8100 level..that would mean a bearish divergence that could make short position even stronger

Well hell yeah it would. And why? Because I got closed out yesterday!

I am probably going to reenter if it tells me to. Sometimes the analysis is correct, but the timing isn't.
  • #4,425
  • Aug 6, 2009 12:40pm Aug 6, 2009 12:40pm
http://i29.tinypic.com/hu3jmd.png
  • #4,426
  • Aug 6, 2009 12:48pm Aug 6, 2009 12:48pm
Quoting clockwork71
Well hell yeah it would. And why? Because I got closed out yesterday!

I am probably going to reenter if it tells me to. Sometimes the analysis is correct, but the timing isn't.
which is the most frustrating thing about forex
  • #4,427
  • Aug 6, 2009 12:55pm Aug 6, 2009 12:55pm
Don't forget, tomorrow's NFP Friday.

I currently have 3 trades open, and will not add any new positions until Monday.

For those of you who are curious, I am short:

Eur/Gbp @0.8637 stop @ BE +30
Gbp/Cad @1.8177 stop @ BE

And I got a little aggressive and took the silver short @ 14.67 stop @15.10

PS: My Eur/Gbp was taken off the weekly (11 days ago), so I will not close it unless this weekly candle closes as a pin.
  • #4,428
  • Aug 6, 2009 1:00pm Aug 6, 2009 1:00pm
Quoting Low
Don't forget, tomorrow's NFP Friday.

I currently have 3 trades open, and will not add any new positions until Monday.

For those of you who are curious, I am short:

Eur/Gbp @0.8637 stop @ BE +30
Gbp/Cad @1.8177 stop @ BE

And I got a little aggressive and took the silver short @ 14.67 stop @15.10
I'm still short UsdCad but not much is happening, it's been up and down. I was expecting a bit of a break downwards.

Today has been affected by good news in the US I think. Holding it into tomorrow looks a bit like gambling from where I'm sitting now. If there's a sharp move either direction caused by the news I'll either be stopped out or get a good result. Coin flipping springs to mind! I think I might review my stop loss at close of play tonight and pull it a bit closer in.

Anybody else still short this pair?
  • #4,429
  • Aug 6, 2009 2:45pm Aug 6, 2009 2:45pm
euro sterling daily chart.

Although we have a very nice bullish engulfing bar shortly after a nice hammer, price has gone exactly where it should, the minor SR areas shown by the yellow arrows.

Will it break through? Maybe. Are there better setups around the corner? Definately.

It's an easy pass for me.

TonyH
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 53 KB
  • #4,430
  • Aug 6, 2009 2:48pm Aug 6, 2009 2:48pm
I am probably going to reenter if it tells me to. Sometimes the analysis is correct, but the timing isn't.[/quote]

I know I keep saying the niners are gonna win the super bowl but my timing has been off for a decade or so
  • #4,431
  • Aug 6, 2009 3:01pm Aug 6, 2009 3:01pm
Well, I guess we're all watching this one.

NFP tomorrow though, and quite a big candle range. Will need to move to BE at the minor SR area shown by the arrows.

We'll see, but I may sit this one out

TonyH
Attached Image (click to enlarge)
Click to Enlarge Name: GC.png Size: 43 KB
  • #4,432
  • Aug 6, 2009 3:05pm Aug 6, 2009 3:05pm
Quoting ajhill
euro sterling daily chart.

Although we have a very nice bullish engulfing bar shortly after a nice hammer, price has gone exactly where it should, the minor SR areas shown by the yellow arrows.

Will it break through? Maybe. Are there better setups around the corner? Definately.

It's an easy pass for me.

TonyH
This chart is a really great example of passing on a reasonable, but not good set up. I would rate the set up as a "C", which essentially means it's a 50-50 shot really.
  • #4,433
  • Aug 6, 2009 6:25pm Aug 6, 2009 6:25pm
Just an FYI for those playing stocks (I guess this relates to currencies aswell with intermarket analysis)...

S&P 500 and Dow are at the 38.2% retrace from the high in October 2007 to the low, combined with NFP tonight may provide some direction for the coming weeks. In truth I'll probably be looking for one long and one short trade tonight and depending on NFP results and level on the futures, will decide which I choose (from my knowledge NFP comes out 1hr before market open?)

Sorry I cant post a chart as I'm at work, but pull it up if your playing stocks and have a look.

Also as a side note... when you pull the plug at breakeven out of fear, dont go and look at your trade to see how it would have gone, I'm hurting at the moment seeing how much profit I missed, however a very good lesson learnt. A positive I can take out atleast is that my analysis is getting better, just not my trade management or psychology is quite there yet.
Grabbing the bull by the horns!
  • #4,434
  • Aug 6, 2009 7:32pm Aug 6, 2009 7:32pm
hello every body,

i have read this thread for one week,

i just have long for aud-cad , want to know where and when and what tf is good enough to add / adding my long

thank you

regard,
suma
Attached Image (click to enlarge)
Click to Enlarge Name: hanging man.gif Size: 19 KB
  • #4,435
  • Aug 6, 2009 11:41pm Aug 6, 2009 11:41pm
Quoting sumakianlee
hello every body,

i have read this thread for one week,

i just have long for aud-cad , want to know where and when and what tf is good enough to add / adding my long

thank you

regard,
suma

The quick answer is when it makes a new high, and finds support. However, I am not sure where it is you think this pair is going? Perhaps a little more information?

Chris
  • #4,436
  • Aug 7, 2009 12:38am Aug 7, 2009 12:38am
I went long this pair a while ago and got stopped out at break even as I moved it up too soon. I think it's got potential to run quite a way though.
  • #4,437
  • Aug 7, 2009 12:50am Aug 7, 2009 12:50am
Quoting whitegoodman
from my knowledge NFP comes out 1hr before market open?
yep, you got it
  • #4,438
  • Aug 7, 2009 3:22am Aug 7, 2009 3:22am
Is anyone else on this?
I know it's Big Friday, but since the pairs are not related to the US I was hoping that maybe this might just have a chance
I would not normally open a position so late in the week either but it looks too good to pass up, maybe that's my emotions being afraid to miss out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aj.gif Size: 17 KB
Click to Enlarge Name: aj2.gif Size: 20 KB
  • #4,439
  • Aug 7, 2009 4:15am Aug 7, 2009 4:15am
Quoting VitaminBeer
Is anyone else on this?
I know it's Big Friday, but since the pairs are not related to the US I was hoping that maybe this might just have a chance
I would not normally open a position so late in the week either but it looks too good to pass up, maybe that's my emotions being afraid to miss out.
there has been JPY strength on some pairs, I personally would look at EURAUD and GBPAUD crosses to see where better weakness is, though you may have missed the move on them so to speak...

and yes you will find JPY moves in tandem with USD generally on NFP night, most often GBPJPY has the biggest pip move with the announcement. Food for thought.
Grabbing the bull by the horns!
  • #4,440
  • Aug 7, 2009 4:25am Aug 7, 2009 4:25am
Quoting whitegoodman
there has been JPY strength on some pairs, I personally would look at EURAUD and GBPAUD crosses to see where better weakness is, though you may have missed the move on them so to speak...

and yes you will find JPY moves in tandem with USD generally on NFP night, most often GBPJPY has the biggest pip move with the announcement. Food for thought.
Thanks dude,
6 traders viewing now