Silent Service Method | Page 333 | 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

  • #6,641
  • Edited 12:51pm Jan 10, 2010 11:50am | Edited 12:51pm
Quoting vicky_ag
Centaure

Now I am confused. Current bar and the last bar? Highlighted the bar.

This is just the standard I use. Since usually the forex markets are open when we talk about the chart, I prefer the term current bar to distinguish it from the finished bars (e.g. last bar).

It is a personal standard which I like to use.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-01-10_2043.png Size: 55 KB
  • #6,642
  • Jan 10, 2010 4:24pm Jan 10, 2010 4:24pm
for those looking to get short Euro atm, probably your best opportunity to do so atm... very nice price flip at 1.4475 going back to last October...

def worth the risk of 20-30 pips for possible few hundred
Grabbing the bull by the horns!
  • #6,643
  • Jan 10, 2010 5:39pm Jan 10, 2010 5:39pm
Quoting whitegoodman
for those looking to get short Euro atm, probably your best opportunity to do so atm... very nice price flip at 1.4475 going back to last October...

def worth the risk of 20-30 pips for possible few hundred
A very good place to look.
  • #6,644
  • Jan 10, 2010 5:41pm Jan 10, 2010 5:41pm
I cannot take credit for this, a member (InfinitySL I believe) brought up a daily version of the EUR/USD pair....but look at this monthly chart.

Very interesting indeed.

I put a small position on.....this is one of those rare times where a S/R area is dead obvious to me. If you are not comfortable with losing on a trade like this - don't take it just because I did. (This is my disclaimer!)

We will see how this plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_aud.png Size: 39 KB
  • #6,645
  • Jan 11, 2010 1:05am Jan 11, 2010 1:05am
Quoting clockwork71
I cannot take credit for this, a member (InfinitySL I believe) brought up a daily version of the EUR/USD pair....but look at this monthly chart.

Very interesting indeed.

I put a small position on.....this is one of those rare times where a S/R area is dead obvious to me. If you are not comfortable with losing on a trade like this - don't take it just because I did. (This is my disclaimer!)

We will see how this plays out.

ahhh my favourite pair in the world 4 trades ever, 3 wins 1 loss, net like 1500 pips.

that 1.55-1.57 area is prime for a long, Id personally wait to see it bounce off their first, that trend is pretty brutal. However this could potentially be the best R:R trade of the year followed by the USDJPY in my opinion. Only bad thing is we arent getting the good swap.

My last position held from zone to zone (approx a few weeks) paid a healthy 60 or so pips in swap, makes it really easy to sit and hold..
Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 56 KB
Grabbing the bull by the horns!
  • #6,646
  • Jan 11, 2010 5:45am Jan 11, 2010 5:45am
Quoting whitegoodman
ahhh my favourite pair in the world 4 trades ever, 3 wins 1 loss, net like 1500 pips.

that 1.55-1.57 area is prime for a long, Id personally wait to see it bounce off their first, that trend is pretty brutal. However this could potentially be the best R:R trade of the year followed by the USDJPY in my opinion. Only bad thing is we arent getting the good swap.

My last position held from zone to zone (approx a few weeks) paid a healthy 60 or so pips in swap, makes it really easy to sit and hold..
An extra 60 pips.....I bet it helped your patience!
  • #6,647
  • Jan 11, 2010 6:42am Jan 11, 2010 6:42am
Hello. I'm liking the cad/jpy chart. Short at 90...sorry about lack of chart. Try to get it posted in a bit. Higher timeframes showing nice resistance in this area. I think it's worth the risk.
  • #6,648
  • Jan 11, 2010 7:05am Jan 11, 2010 7:05am
cadyen chart
Attached Image
  • #6,649
  • Jan 11, 2010 7:50am Jan 11, 2010 7:50am
Quoting bigandrich
Hello. I'm liking the cad/jpy chart. Short at 90...sorry about lack of chart. Try to get it posted in a bit. Higher timeframes showing nice resistance in this area. I think it's worth the risk.
The fact that you said "I think it's worth the risk" shows that you are comfortable doing this, and that my friend.....is half the battle. I agree, 90 has been an important area for this pair.

It seems that the Yen is picking up a touch of strength as the day goes on, only time will tell.

Chris
  • #6,650
  • Jan 11, 2010 3:24pm Jan 11, 2010 3:24pm
I'm seeing an 'alright' pin on Silver off the 1900 level to short. But I'm confused - are we still bearish metals or are we bullish again? :S
  • #6,651
  • Jan 11, 2010 3:48pm Jan 11, 2010 3:48pm
well Mattw as u have said this pin is alright and im going short .
Quoting MattW
I'm seeing an 'alright' pin on Silver off the 1900 level to short. But I'm confused - are we still bearish metals or are we bullish again? :S
Attached Image (click to enlarge)
Click to Enlarge Name: silver.gif Size: 13 KB
  • #6,652
  • Jan 11, 2010 5:09pm Jan 11, 2010 5:09pm
Quoting MattW
I'm seeing an 'alright' pin on Silver off the 1900 level to short. But I'm confused - are we still bearish metals or are we bullish again? :S
Long term - I am very bullish. So as long as you keep that in mind, and play safe - all should be well.
  • #6,653
  • Jan 12, 2010 12:28am Jan 12, 2010 12:28am
I think I got in a bit too early at 1.5650 on the 6th of Jan but it held the bottom of the zone. Let's hope we see it turn our way soon.

The quality of your life is brought about by the quality of your thinking.
  • #6,654
  • Jan 12, 2010 4:06am Jan 12, 2010 4:06am
Hi Bugandrich...how is your...sorry our short coming through? Last night opened my charts saw chart and got in........nice break to the downside that is slow bu am comfortable with this trade?

Quoting bigandrich
cadyen chart
  • #6,655
  • Jan 12, 2010 5:39am Jan 12, 2010 5:39am
Quoting Danku
Hi Bugandrich...how is your...sorry our short coming through? Last night opened my charts saw chart and got in........nice break to the downside that is slow bu am comfortable with this trade?
Looking like a solid play on the short here. Currently at 88. Shouldn't be any stress here now with this trade. Meaning all stops should be moved to profit areas. Take some profit here if you wish and let the rest run. It's all up to you as to how you finish this trade. But in no way shape or form should this turn into a loser now. Stress Free from here
  • #6,656
  • Jan 12, 2010 6:46am Jan 12, 2010 6:46am
True, had set a T/P 0f 87.93 and it was hit and now ma account is 110 Pips up from last night.....just the Daily TFs.....depending the pair set my T/P and go on with my day to day actives......it is Tuesday down here and whati had lost last week in back with my profits......maybe i should lose BIG TIME...hahahahhaha

Chris, somewhere on this thread someone had past an indicator that shows Pip Value, was it Stefan......or who was it and where did he go? Cheers

Quoting bigandrich
Looking like a solid play on the short here. Currently at 88. Shouldn't be any stress here now with this trade. Meaning all stops should be moved to profit areas. Take some profit here if you wish and let the rest run. It's all up to you as to how you finish this trade. But in no way shape or form should this turn into a loser now. Stress Free from here
  • #6,657
  • Jan 12, 2010 7:31am Jan 12, 2010 7:31am
Guys,

I am still trying to learn how to identify the right levels at to which a market might turn in terms of supply and demand areas. The problem I have is seeing a lot of areas and cannot make out which ones are better than others and why.

I have attached a picture of EURUSD with 3 zones I saw as possible demand areas in which to buy. Out of the three only the oldest one was not blown away. I am sure I am making mistakes but cannot differentiate between the areas. Can you hint to something that actually makes a difference ? Is there some obvious mistake I am making ? Any particular suggestion as to what could clear up the fog in my head ?

Thanks,
Michael
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
The quality of your life is brought about by the quality of your thinking.
  • #6,658
  • Jan 12, 2010 10:10am Jan 12, 2010 10:10am
Quoting hornet
Guys,

I am still trying to learn how to identify the right levels at to which a market might turn in terms of supply and demand areas. The problem I have is seeing a lot of areas and cannot make out which ones are better than others and why.

I have attached a picture of EURUSD with 3 zones I saw as possible demand areas in which to buy. Out of the three only the oldest one was not blown away. I am sure I am making mistakes but cannot differentiate between the areas. Can you hint to something that actually makes...
I am attaching a chart of three zones I see on this chart. I also see some areas in between, yes....but they are not worth entering at. They tend to serve as places to park stops behind.

Check it out - you see how "symmetrical" this "random" market is.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 63 KB
  • #6,659
  • Jan 12, 2010 10:11am Jan 12, 2010 10:11am
Quoting Danku
True, had set a T/P 0f 87.93 and it was hit and now ma account is 110 Pips up from last night.....just the Daily TFs.....depending the pair set my T/P and go on with my day to day actives......it is Tuesday down here and whati had lost last week in back with my profits......maybe i should lose BIG TIME...hahahahhaha

Chris, somewhere on this thread someone had past an indicator that shows Pip Value, was it Stefan......or who was it and where did he go? Cheers
If you go to my website, there is a "link" page, and his page is there. I am sure it's somewhere on this thread, but that will get you there quicker.
  • #6,660
  • Jan 12, 2010 10:21am Jan 12, 2010 10:21am
Cheers Chris................

Quoting clockwork71
If you go to my website, there is a "link" page, and his page is there. I am sure it's somewhere on this thread, but that will get you there quicker.
1 trader viewing now