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Silent Service Method

  • #5,681
  • Nov 8, 2009 1:14pm Nov 8, 2009 1:14pm
Quoting blackhell
Hi clockwork. What do you think about this chart? Trend might change?

Too be honest, by the very definition of the trend line going down you have, and the fact that the pinbar on the weekly was at the 50% retrace of the total move - I would say that we are still in a downtrend.

I would be very interested in any short signals that appear where you have the chart marked.

Chris
  • #5,682
  • Nov 8, 2009 1:16pm Nov 8, 2009 1:16pm
Quoting johnnyonspot
I, like most here, am a rank amateur at this stuff (but having lots of fun)....
True, the markets are linked, and the USD certainly moves on this basis.....at least lately.
  • #5,683
  • Nov 8, 2009 1:28pm Nov 8, 2009 1:28pm
Thank you clockwork and I agree with you. First we need at least make double top at 1.70-1.7050 area. And then we'll see.
  • #5,684
  • Nov 9, 2009 2:38am Nov 9, 2009 2:38am
Quoting aserbfx
Pinbar on german allianz.
off round number 75 euro.
if it breaks it will run to the high of two long candles before, imho.
update

opened with gap.

took 2/3 off the table. rest with stopp at BE.
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meine augen sind die sterne
  • #5,685
  • Nov 9, 2009 9:20am Nov 9, 2009 9:20am
Quoting aserbfx
update

opened with gap.

took 2/3 off the table. rest with stopp at BE.

NICE. I personally like to watch these, and see if it fills the gap, and gives a pinbar on the smaller time frame.....I buy a bit more at that point. Great trade though.

Chris
  • #5,686
  • Nov 9, 2009 9:35am Nov 9, 2009 9:35am
Crude is expensive, but I found a good way to get into it today. I see that an hourly pinbar is trying to form against me on the chart now, (it's only 30 minutes into it...) so I might close out with a small profit..... the idea is there are plenty of ways to get involved.

I bought an option. (Dec. 80 strike) for 1.30 you can see the profit here on the second chart. I also thought of buying more USO. (I own a bit from Friday..) But better to not be over exposed. I am treating the USO a bit more like a long term play. (USO = United States Oil Fund)

Chris
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  • #5,687
  • Edited 7:12pm Nov 9, 2009 10:28am | Edited 7:12pm
Sometimes a move happens really fast. I closed out the call. I quadrupled my investment in 2.5 hours or so.....not a bad day. (Ok, it was a 425% gain, let's not split hairs here.) I have chosen to stay in USO for the long term, and will buy more calls in CL if we get a nice pullback. Ignore the GIB sell, it was me closing out of another position....

I attached the charts with my remarks.
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  • #5,688
  • Nov 9, 2009 11:16am Nov 9, 2009 11:16am
Quoting clockwork71
Ignore the GIB sell, it was me closing out of another position....
I knew you'd like that GIB long.
  • #5,689
  • Nov 9, 2009 11:39pm Nov 9, 2009 11:39pm
Waiting on oil.
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  • #5,690
  • Nov 10, 2009 3:13am Nov 10, 2009 3:13am
Cool Chris,

Nicely done on your oil or CL

I liked your analysis on that very much

I am currently short G/Chf and am waiting to see how it plays out whether it will eat the previous Support or not, currently sitting at B/E

If it can make it to 1.67 I will be moving my stops into profit.

Brady,
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  • #5,691
  • Nov 10, 2009 7:03am Nov 10, 2009 7:03am
McDonalds... With your heart? Be careful! We care about you, you know?

Great trade though.
  • #5,692
  • Nov 10, 2009 7:27am Nov 10, 2009 7:27am
Quoting VitaminBeer
Cool Chris,

Nicely done on your oil or CL

I liked your analysis on that very much

I am currently short G/Chf and am waiting to see how it plays out whether it will eat the previous Support or not, currently sitting at B/E

If it can make it to 1.67 I will be moving my stops into profit.

Brady,
Good job B. The best part is the trade cannot go against you now, and you know exactly where the next issue is, and what to do about it if it goes through that area.

Chris
  • #5,693
  • Nov 10, 2009 7:28am Nov 10, 2009 7:28am
Quoting Eduardo
McDonalds... With your heart? Be careful! We care about you, you know?

Great trade though.

Naaaa.... my heart is fine now, but thanks for the mention. With McDonalds, it's probably my stomach you should worry about!

:-)
  • #5,694
  • Edited 9:56am Nov 10, 2009 9:55am | Edited 9:56am
Quoting clockwork71
Naaaa.... my heart is fine now, but thanks for the mention. With McDonalds, it's probably my stomach you should worry about!

:-)
Good to hear it!

I have a confession to make...

I started a new thread but you get a good mention...

I love your method and all but I just added my own logic and probability thoughts and came up with something along the same lines but better for ME.

Chris, I want to thank you again for the way you have changed my life with your unselfish gift of your method.

I will ALWAYS be in debt to you, how do you pay something like this back? (did you ever decide on a charity to support for the thread?)

I would encourage anyone to explore different aspects of trading and to find their OWN way in trading to make a profit. That is, at the end of the day, the reason we do it.

Thanks again and good luck CW

Oh, my link... http://www.forexfactory.com/showthread.php?t=205839 , Might be useful to someone?
  • #5,695
  • Nov 10, 2009 11:21am Nov 10, 2009 11:21am
http://i35.tinypic.com/jqme7k.png
  • #5,696
  • Nov 10, 2009 11:24am Nov 10, 2009 11:24am
Quoting Eduardo
Good to hear it!

I have a confession to make...

I started a new thread but you get a good mention...
Nice job Eduardo. I am also in the process of discovering what exactly works for me.

Best of luck, I will check your thread every now and again to see how it's coming along.
  • #5,697
  • Nov 10, 2009 11:32am Nov 10, 2009 11:32am
Quoting hel13rock
Just took this long on AudCad, what do you think?

My new signature, how about that for a quote?

Glad we are discussing trading again
Poignant? Nearly 1000 pips up so far.
  • #5,698
  • Nov 10, 2009 11:35am Nov 10, 2009 11:35am
Quoting Low
Nice job Eduardo. I am also in the process of discovering what exactly works for me.

Best of luck, I will check your thread every now and again to see how it's coming along.
Thanks low, I know that CW realises that he has done his job if a trader is profitable. The how really doesn't matter!

I just hope that other traders will read this thread and my new one and start thinking laterally and putting things together for themselves.
  • #5,699
  • Nov 10, 2009 11:40am Nov 10, 2009 11:40am
Quoting hel13rock
Why does Stella Artois and Deep Purple go so well together? (this is definitely off topic )

We've had a great american sports discussion but is it true what I hear about american beer? Weak like p**s?

The australians know a thing or two about beer, VB and West end draught are my favourite beers of all time!

Ok, so I have learnt now, if you're drinking don't trade so I can't add anything pertinent about the charts, sorry
One more!
  • #5,700
  • Nov 10, 2009 1:44pm Nov 10, 2009 1:44pm
Quoting Low
http://i35.tinypic.com/jqme7k.png

Yeah.....I have to agree....I have been watching the DX for a while now, and every time it goes up....it gets knocked back down. However, we are approaching serious support here soon. And carry trades unwind really, really, really violently.

I am watching as well. We will see. I suspect if we get a violent snap back, Gold, Oil, and the Eur will get their butts handed to them. But until then all we can do is sit here and wait for our signal.
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