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Silent Service Method

  • #5,841
  • Nov 20, 2009 5:02am Nov 20, 2009 5:02am
Quoting wh1zz0
Looks like we're certainly due for a breakout here.

Attachment
breakout BOOOM pips everywhere! already taken 30% off as we are at the previous swing low, time to sit on hands again...
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Grabbing the bull by the horns!
  • #5,842
  • Nov 20, 2009 6:16am Nov 20, 2009 6:16am
oh yeah heres another one aswell...

taken 50% off of this one, let the rest run...
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Grabbing the bull by the horns!
  • #5,843
  • Nov 20, 2009 6:54am Nov 20, 2009 6:54am
I know most of us were watching this pair. Of course the pair broke down about 2 days ago, and I missed it. Not because I wasn't watching, but because I could see any PA and didn't want just to enter based on Resistance at 150.00 ( which I think some pple might have done)

Just wanted to see how everyone played this chart. I see whitegoodman is already in the trade.

Cheers, Kulu
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  • #5,844
  • Nov 20, 2009 7:53am Nov 20, 2009 7:53am
Quoting kulu
I know most of us were watching this pair. Of course the pair broke down about 2 days ago, and I missed it. Not because I wasn't watching, but because I could see any PA and didn't want just to enter based on Resistance at 150.00 ( which I think some pple might have done)

Just wanted to see how everyone played this chart. I see whitegoodman is already in the trade.

Cheers, Kulu
I didn't get in either.....no PA for me, and we didn't even get a pullback. Trades like these you just have to wave goodbye to if you don't get your signal.

Chris
  • #5,845
  • Nov 20, 2009 7:54am Nov 20, 2009 7:54am
Quoting whitegoodman
heres a nice little one that ive been in for a few weeks now...
was a pretty obvious top when I took it.. Havent really been paying much attention to it with the new job being quite busy and finishing uni, I took half position off after the 3rd day and let the rest run, let hope it gets to profit target.

am also short EURUSD from 1.4980's for past few days, with large selling in Asian equity markets this week, S&P unable to hold 1100 last night and 1.50 unable to be broke on the Euro, i have a feeling we may be heading south for a bit.
Nice trade. I love it when they are obvious.
  • #5,846
  • Nov 20, 2009 8:03am Nov 20, 2009 8:03am
In case you guys are having a tough time finding scans at stockcharts.com

here is the new link, it's kind of buried in the site now.

http://stockcharts.com/def/servlet/SC.scan
  • #5,847
  • Nov 20, 2009 8:04am Nov 20, 2009 8:04am
very correct Chris, i also posted a chart on this pair and mentioned i was watching it like a hawk....but the question that begs is this, what or why exactly was i watching it like a hawk? Answer is because i was waiting for a break, with good PA.....which i honestly did not see and so i let it be and instead went short the gbpchf which am still in............so as Chris says you let some of these trains leave without you, obviously there are those who have made quite alot of pips off this but.....sometimes in this business, you just have to wave some bye bye..................

Locking in some 50pips on gbpchf and will leave it to run into the weekend.....i see some good short signals off the 4-hr so i think pair still have space to move.

Cheers
Quoting clockwork71
I didn't get in either.....no PA for me, and we didn't even get a pullback. Trades like these you just have to wave goodbye to if you don't get your signal.

Chris
  • #5,848
  • Nov 20, 2009 8:08am Nov 20, 2009 8:08am
Julie (my wife) would be all about this trade..... lol
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  • #5,849
  • Nov 20, 2009 10:53am Nov 20, 2009 10:53am
Updated my blog on the website. It's about the gold market, but could apply to any chart.
  • #5,850
  • Nov 20, 2009 4:25pm Nov 20, 2009 4:25pm
drillisch on weekly

a stock which showed relative strength.

i would love to see the break of the 5 euro.

something to watch for the next week.
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meine augen sind die sterne
  • #5,851
  • Nov 20, 2009 8:59pm Nov 20, 2009 8:59pm
Quoting aserbfx
drillisch on weekly

a stock which showed relative strength.

i would love to see the break of the 5 euro.

something to watch for the next week.
If you keep showing these charts, I am going to start getting up to trade the European markets.
  • #5,852
  • Nov 20, 2009 10:34pm Nov 20, 2009 10:34pm
I updated the first post a little.....just some thoughts is all.

Chris
  • #5,853
  • Nov 21, 2009 4:03am Nov 21, 2009 4:03am
hi aserbfx, i see you posting some neat charts and easy to follow............Chris has even picked it up and might start trading European sesssion..........just interested in knowing which brokers you using for stock trading?

Nice weekend........

Quoting aserbfx
drillisch on weekly

a stock which showed relative strength.

i would love to see the break of the 5 euro.

something to watch for the next week.
  • #5,854
  • Nov 21, 2009 5:19am Nov 21, 2009 5:19am
Quoting Danku
.just interested in knowing which brokers you using for stock trading?

Nice weekend........
i am using interactive brokers. you can trade nearly everything with their traderworkstation. i think chris is using them, too. you can use their demo workstation.

nice weekend to you and the forum, too
meine augen sind die sterne
  • #5,855
  • Nov 21, 2009 4:39pm Nov 21, 2009 4:39pm
hi the lord.
yes copper daily chart looks great. i am only new to ff, i will try to post chart myself.
it looks as if the copper price has finished a EW a-b-c corrective waves from the last EW 1 to 5 motive waves and has now broken out to the upside.
the price has found resistance at the .618% fib expansion, around the 3.12 area.
i feel the bearish diverence in the macd has now played out. with the macd lines now crossing to the upside above the zero line (bullish) my target is the 1.00% fib expansion ratio 3.32.
one concern i have is any strenght in the USD could put pressure on the carry trade.
entry 3.10. stop at 2.99. target 3.32 RRR around the 2 to 1
any comments would be great.DROR

have a good one.

582
http://i555.photobucket.com/albums/j...21-11-2009.gif
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  • #5,856
  • Nov 21, 2009 8:36pm Nov 21, 2009 8:36pm
Quoting kulu
I know most of us were watching this pair. Of course the pair broke down about 2 days ago, and I missed it. Not because I wasn't watching, but because I could see any PA and didn't want just to enter based on Resistance at 150.00 ( which I think some pple might have done)

Just wanted to see how everyone played this chart. I see whitegoodman is already in the trade.

Cheers, Kulu
Hi Kulu, I've been lurking here for months now and I think the whisky has given me the courage to reply to a post. Hope I'm not out of order.

I know it's not the done thing in this thread, but you can find some interesting clues and see some PA in the lower time frames that just don't show up on the 4 hr chart. This can get you into these trades that seem to take off without warning. Check out the GBP/JPY 15min chart,
you can see that the triangle was breached during the Asian session, but it was only when the Asian Range was breached that the trade took it's direction with the BOPB. There was another obvious chance to enter with breach of the 149.00 SR level.

A big thanks to Chris for all you have given us.
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  • #5,857
  • Nov 21, 2009 9:35pm Nov 21, 2009 9:35pm
Quoting 582
hi the lord.
yes copper daily chart looks great. i am only new to ff, i will try to post chart myself.
it looks as if the copper price has finished a EW a-b-c corrective waves from the last EW 1 to 5 motive waves and has now broken out to the upside.
the price has found resistance at the .618% fib expansion, around the 3.12 area.
i feel the bearish diverence in the macd has now played out. with the macd lines now crossing to the upside above the zero line (bullish) my target is the 1.00% fib expansion ratio 3.32.
one concern i have is any strenght...
I see the divergence, and agree with it. However, all pullbacks in copper are to be bough until proven otherwise. Perhaps it could be a "wait and see" moment. I sure as heck would not short this though.

Thanks for posting, and welcome to the thread!
  • #5,858
  • Nov 21, 2009 9:40pm Nov 21, 2009 9:40pm
Quoting kneepad
Hi Kulu, I've been lurking here for months now and I think the whisky has given me the courage to reply to a post. Hope I'm not out of order.

I know it's not the done thing in this thread, but you can find some interesting clues and see some PA in the lower time frames that just don't show up on the 4 hr chart. This can get you into these trades that seem to take off without warning. Check out the GBP/JPY 15min chart,
you can see that the triangle was breached during the Asian session, but it was only when the Asian Range was breached that the...
It's not that your lower time frame isn't done - I just don't talk about it as much here in the public forum because who knows??? The guy that reads it might be taking his first trade.

I have the firm belief that if you see a set up, and KNOW you want to be in the trade - then you can shorten your time frame to look for a trade.

For me, it's not that rare that I enter on a 1 hour bar.....if and only if it is at a major area.

Like I said, I don't preach that as much here, because I feel it takes alittle more experience, and you should still set your stops like you would on a larger time frame in my opinion.........protect your trade.

Entering off the lower time frame could be it's own thread truthfully. I do it a lot in the futures markets, as well.

Drink more - I enjoyed the post!



Chris
  • #5,859
  • Nov 22, 2009 4:39am Nov 22, 2009 4:39am
Hey clockwork, I am finished reading half of this thread and now I think I could have saved a lot of hard work if only I had struck on this thread earlier.

I learnt few things from James16, and took each and every pinbars. I still lost heavily. Then I refined it to take only the pins in the direction of the trend only on S/R. I managed at least remain at break even this way. A year later I started taking double tops & triple tops breakouts with the trend. This way, I have recently managed 10 to 15 percent gain each month (on DEMO. I have never traded live. ).

Now after going through your thread, I have got a clearer insight of the market, a much better perspective. Thanks a lot for your valuable posts in this thread. I think I can now increase my returns every month.
  • #5,860
  • Nov 22, 2009 6:17am Nov 22, 2009 6:17am
Quoting clockwork71
It's not that your lower time frame isn't done - I just don't talk about it as much here in the public forum because who knows??? The guy that reads it might be taking his first trade.
Adding to Chris, you'll find on lower timeframes that minor areas of S+R are quite common and reliable (although often broken by a few ticks - not really broke IMO)however you will often not see the number of candlestick patterns or they wont carry as much meaning as on the higher timeframes... I personally scalp off the 5 and 15min charts for the majority of my trades, but its much easier to learn this stuff from the higher timeframes down then vice versa
Grabbing the bull by the horns!
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