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Silent Service Method

  • #5,301
  • Oct 5, 2009 8:17am Oct 5, 2009 8:17am
Quoting Marco
Hi Chris,

nice to see you're not letting other people influence what you're doing. This is the only thread on the whole internet I keep on coming back at least sometimes if not regulary. Really like your posts and that of the other people involved here.

Why? The answer is simple. From the posts here I keep on coming to the conclusion that real traders are posting here.

People posting charts and talking about those really started to bore me to death rather quickly...I mean what's the point? It's a nice hobby maybe or something to keep you busy...
Thank you Marco.....I try to do things a little different. One of the things that impresses me by many of the people on this thread is that they have no qualms about saying "I am still demo", or sometimes even showing a P&L. We have all different levels of trader here, and they all have one thing in common I believe:

They are serious about becoming a better trader. Notice how I didn't say overnight millionaire.

Welcome to the thread Marco!
  • #5,302
  • Oct 5, 2009 8:17am Oct 5, 2009 8:17am
Quoting vicky_ag
Chris, I suggest you to use tubemogul.com to upload videos. They will upload it to many sites at once so you dont have to worry abt reporting on one and then go about uploading again. Plus, they have stats facilities too , if you need them.

If you are wondering, no I am not anyway associated with them.
Thanks vicky, I will look into them.
  • #5,303
  • Oct 5, 2009 8:19am Oct 5, 2009 8:19am
Quoting Soca
Hi y'all,

Back from vacation, ready to rock. Some good meat on this thread since I left!

Last I checked, Stefx was Long the aUD/cAd (over fifty days now) and I'd love to hear his take as well - esp in light y'alls' latest posts about the pair.

Just a request; no pressure.

S
Perhaps I will defer to Stefx on this pair - since HE is the expert on AUD/CAD!

  • #5,304
  • Oct 5, 2009 8:58am Oct 5, 2009 8:58am
Nice thread. Im happy to have found people trading in a similar manner to me. Using 4 hour chart and trading at known weekly and daily S/R levels. I also like to trade in direction of current trend, it rare I do trades counter trend.

I like to eliminate risk from my trade as quick a possible, throwing stops to break even so I get nice freebie trades are always stress free.

I have example of 2 open trades

aud/usd I have thrown my stop to B/E AT 0.8675, nice free trade now see what happens it approach important 0.88.

eur/gbp Not as happy with this trade as its kind of meh at the moment. Jumped in on bueb or could be pin at S/R at 0.913 but trade after a few days still hasnt done too much, was hoping it would have made more gains back toward 0.93. Watching this carefully so have reduced some risk on this trade but not bought to break even yet.
Attached Image(s) (click to enlarge)
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  • #5,305
  • Oct 5, 2009 9:06am Oct 5, 2009 9:06am
My charts are in white just cos I print out every trade I make and then print out the final outcome. I file this away and at end of month review the good and the bad trades, its a nice way of reviewing your mistakes.
  • #5,306
  • Oct 5, 2009 10:57am Oct 5, 2009 10:57am
Quoting Soca
Hi y'all,
Back from vacation, ready to rock. Some good meat on this thread since I left!
Last I checked, Stefx was Long the aUD/cAd (over fifty days now) and I'd love to hear his take as well - esp in light y'alls' latest posts about the pair.
Just a request; no pressure.
S
Hi.

AUDCAD - Day #49

When I speak from days I mean daily bars and one week on my brokers chart has 5 daily bars (no sunday bar). So this one is 10 weeks now. I annotated the chart with what I think and do. I have no clear direction now but marked a level on the chart where I am bullish again. Locked in good profits 100 pips behind the price and the swap rate counting for me I have no intention to take this trade off now.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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NZDJPY - Day #9

This one is negative now but the irony within is that I'm counting positive swap while the trade is in the negative pips. The stop was not modified since the trade was opened and missed by 7 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPY-2009-10-05-17-42-30-Alpari-UK-Ltd.png Size: 51 KB


Have a nice one, Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #5,307
  • Oct 5, 2009 12:31pm Oct 5, 2009 12:31pm
Quoting VitaminBeer
My Eyes are super peeled on the AUD/USD
mmmh, to me it's not very much appealing,
we had two weekly pin indicating short, but today we got a nice run up

on daily my chart shows conflicting pinbars

I'll pass unless there is a clear break above 0.885 and a retest around 0.87
  • #5,308
  • Oct 5, 2009 1:38pm Oct 5, 2009 1:38pm
Quoting ttteee
mmmh, to me it's not very much appealing,
we had two weekly pin indicating short, but today we got a nice run up

on daily my chart shows conflicting pinbars

I'll pass unless there is a clear break above 0.885 and a retest around 0.87

I'd pass too if I wasn't already short---LOL

That's what stops are for....

Maybe Mr. market gets my 1% today.
  • #5,309
  • Oct 5, 2009 3:15pm Oct 5, 2009 3:15pm
Quoting Low
That's what stops are for....
Damn right, and that's a great way to look at it - leave the emotion at the door. A perfect example is me being short GBP/CHF. I am up, but hell - it's moving at the speed of cattle.
  • #5,310
  • Oct 5, 2009 3:32pm Oct 5, 2009 3:32pm
Quoting VitaminBeer
My Eyes are super peeled on the AUD/USD
Mine too....and all things from Oz.
I say never trust an Aussie.
  • #5,311
  • Oct 5, 2009 4:09pm Oct 5, 2009 4:09pm
While we're on the topic of AUDUSD, are you looking at the 0.90 area as a big fat PPZ between about 0.8850 to 0.9050? So if a nice looking BEOB formed now but price didn't hit 0.9000, do you think that could still be worth shorting? Or would you wait to see PA straddling the 0.90 level?

Cheers
Simon
  • #5,312
  • Oct 5, 2009 4:54pm Oct 5, 2009 4:54pm
I am starting to become less and less interested in this pair to be honest.....here's a weekly chart that shows what I see. 85 is wicked support more than likely.
Could be shaping up to be a "sucker pin".
  • #5,313
  • Oct 5, 2009 5:38pm Oct 5, 2009 5:38pm
Quoting clockwork71
Mine too....and all things from Oz.
I say never trust an Aussie.
Thats what happens when half your group are Aussies haha...

Regarding the AUDUSD, might be a big key day today with RBA interest rate announcement with Australia likely to be the first country to raise rates out of major world govts in the near future/today... this is the reason for why its been so strong relative to other currencies (also Aus didnt go into a technical recession) and why im not looking to short it, im playing USD strength via GBPUSD
Grabbing the bull by the horns!
  • #5,314
  • Oct 5, 2009 5:39pm Oct 5, 2009 5:39pm
AUD/USD still looks very bullish to me, on my weekly chart it doesnt look like a good pin to me but more a doji. Im sill looking for long entries here.
  • #5,315
  • Oct 5, 2009 7:46pm Oct 5, 2009 7:46pm
Quoting clockwork71
Perhaps I will defer to Stefx on this pair - since HE is the expert on AUD/CAD!
Thanks for your trade update, Stefx, as always.

Nice to see you too, CW
  • #5,316
  • Oct 6, 2009 4:30am Oct 6, 2009 4:30am
Just posting a short trade i took before Friday close of the usdcad, i think a number of you might have jumped in as it was begging for a short and i took it.....got abit worried yesterday when it pulled back to the 1.07 but since i have moved my stop and locked in some profit i let it run and bagged some 170 Pips.....nice consolidation and once you get to understand Chris's method, you will love these consolidations.

No surprise why it hoovering around the 1.0650, strong Support as shown with the green arrows maybe it is time to move to the Strong Resistance again at 1.1150...lets wait and good PA and jump in.......WAITING AND PATIENCE IS THE GAME HERE.........

See chart below.................Cheers
Attached Image (click to enlarge)
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  • #5,317
  • Oct 6, 2009 6:56am Oct 6, 2009 6:56am
Quoting Danku
Just posting a short trade i took before Friday close of the usdcad, i think a number of you might have jumped in as it was begging for a short and i took it.....got abit worried yesterday when it pulled back to the 1.07 but since i have moved my stop and locked in some profit i let it run and bagged some 170 Pips.....nice consolidation and once you get to understand Chris's method, you will love these consolidations.

No surprise why it hoovering around the 1.0650, strong Support as shown with the green arrows maybe it is time to move to the Strong...
This one looks like it's winding up for sure.....will be interesting to see the move.
  • #5,318
  • Oct 6, 2009 7:37am Oct 6, 2009 7:37am
I missed the pinbar from 3-days ago (was moving to a new apartment) but I am long @ about 1010 & again at 1021. Any thoughts on gold? It's tried to break out above $1,000 a few times, but can never seem to make it, but this appears to be more of a decisive break above that level. If you zoom out to early 2008 (around the Bear Stearns collapse) you'll see it topping out about $1025 intraday, but its closing high (as far as i can tell) is in the 1010-1015 area.

Anyway, just curious what other's thoughts are on it.
Attached Image (click to enlarge)
Click to Enlarge Name: gold-daily.gif Size: 24 KB
  • #5,319
  • Oct 6, 2009 7:44am Oct 6, 2009 7:44am
Before I knew Non Farm Payroll Friday was copyrighted, I put out a video on a trade I got into two days before. It is finally moving. Since I actually do trade, I thought I would post that here too in the interest of disclosure. I would love to see new lows.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpchfupdate.png Size: 7 KB
  • #5,320
  • Oct 6, 2009 7:46am Oct 6, 2009 7:46am
Quoting InfinitySL
I missed the pinbar from 3-days ago (was moving to a new apartment) but I am long @ about 1010 & again at 1021. Any thoughts on gold? It's tried to break out above $1,000 a few times, but can never seem to make it, but this appears to be more of a decisive break above that level. If you zoom out to early 2008 (around the Bear Stearns collapse) you'll see it topping out about $1025 intraday, but its closing high (as far as i can tell) is in the 1010-1015 area.

Anyway, just curious what other's thoughts are on it.
I am watching Gold as well, but I am waiting to see a new high (above that 1030 or so mark) and a pullback to confirm support.

It certainly wants to go higher, that's for sure.

Chris
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