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Silent Service Method

  • #7,301
  • Feb 24, 2010 10:46pm Feb 24, 2010 10:46pm
Looks like Japan is getting hit kind of hard. Will be interesting tomorrow when I get up I suspect.
  • #7,302
  • Feb 24, 2010 10:57pm Feb 24, 2010 10:57pm
Quoting clockwork71
It wasn't my thought one way or the other - only that I am already short the GBP/USD, so I don't like being short GBP in two different trades, if I can avoid it.
Unless I have drawn this wrong, I have first minor trouble area at 141.86 ( in hindsight, it ended up going thru that to next area 138.72). May be that was another reason to not take that trade? Are those areas correct Chris?

cheers
  • #7,303
  • Feb 25, 2010 8:24am Feb 25, 2010 8:24am
Quoting Imphilomath
Unless I have drawn this wrong, I have first minor trouble area at 141.86 ( in hindsight, it ended up going thru that to next area 138.72). May be that was another reason to not take that trade? Are those areas correct Chris?

cheers

I prefer larger handle numbers. I have 140......remember, this pair is a wild, so it has thick zones at time. (In fact, they can be 300 pips on this crazy pair.)
  • #7,304
  • Feb 25, 2010 8:26am Feb 25, 2010 8:26am
Garmin. They make GPS units. A lot of people in this country have smart phones, all of which have GPS units built in. This business is redundant, and pointless for most of it's market now.

Why pay $200 for a stand alone unit when you have the same thing included in your phone?

Sometimes common sense gets in the mix of trading as well. Take a look at these charts, we could be setting up for a big short.
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  • #7,305
  • Feb 25, 2010 9:57am Feb 25, 2010 9:57am
hey guys, great thread!

i´m watching this:

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what do you think guys?
  • #7,306
  • Feb 25, 2010 10:32am Feb 25, 2010 10:32am
Quoting andrugeno
hey guys, great thread!

i´m watching this:

Attachment


what do you think guys?

I think you missed the move......take a look at my chart here:

BTW - welcome to the thread!
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  • #7,307
  • Edited 5:00pm Feb 25, 2010 4:49pm | Edited 5:00pm
i hate to trade this pair . but it looks like we have a solid opportunity to short it . a nice engulfing bar is forming on daily at a very strong level , price broke a solid trendline ,and some good news come from NZ to make this opportunity even stronger .

samer
  • #7,308
  • Feb 25, 2010 4:59pm Feb 25, 2010 4:59pm
Quoting samer960
i hate to trade this pair . but it looks like we have a solid opportunity to short it . a nice engulfing bar is forming at a very strong level and some good news come from NZ to make this opportunity even stronger .
samer
And by placing the entry some pips below this weeks low, a triggered trade would have even better odds.

I'm late for my date with the sand man, so no trades for me tonight, but that looks not to shabby after a quick glance.
  • #7,309
  • Feb 25, 2010 5:40pm Feb 25, 2010 5:40pm
Quoting samer960
i hate to trade this pair . but it looks like we have a solid opportunity to short it . a nice engulfing bar is forming on daily at a very strong level , price broke a solid trendline ,and some good news come from NZ to make this opportunity even stronger .

samer
I dont like this one either (The pair that is)......but its a good set up. In fact, the weekly bar looks like it wants to form a pinbar, and at obvious resistance.
  • #7,310
  • Feb 26, 2010 8:57am Feb 26, 2010 8:57am
Here's a look at the chart of GBP/USD. I am still short until 1.50 or so. To be honest, the measured move of the break of the long-term box is 1.48, but I expect a bounce at 1.50.....I am about 450 pips in profit at the moment. (Traded a break of the 4 hour flag, just under the 1.58 area.)
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  • #7,311
  • Feb 26, 2010 9:47am Feb 26, 2010 9:47am
hello everyone,

Depending on weekly close(this week), is eur a good candidate for longs? ..please comment what u think....(after weekly close ...hehe...)
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  • #7,312
  • Feb 26, 2010 1:33pm Feb 26, 2010 1:33pm
Quoting gfxtrader
hello everyone,

Depending on weekly close(this week), is eur a good candidate for longs? ..please comment what u think....(after weekly close ...hehe...)

It looks like it is trying to bounce, as you would expect in this area because of all the support. My thoughts lean a little more towards letting it bounce to 1.40 (if it can) and then looking to short it there. I think you could make a trad out of this bounce, but the longer term I would still be a little hesitant of buying this pair.

Chris
  • #7,313
  • Feb 26, 2010 3:06pm Feb 26, 2010 3:06pm
Quoting clockwork71
Here's a look at the chart of GBP/USD. I am still short until 1.50 or so. To be honest, the measured move of the break of the long-term box is 1.48, but I expect a bounce at 1.50.....I am about 450 pips in profit at the moment. (Traded a break of the 4 hour flag, just under the 1.58 area.)
Great trade... I missed this one..
  • #7,314
  • Edited 7:10pm Feb 26, 2010 5:42pm | Edited 7:10pm
Chris
that is first class trading .
it would be a great idea to pick up trades like this from the thread and add a link in first post of the thread so new comers can find examples of your method . and it would be easier for us to review these trades when we need to

samer


Quoting clockwork71
Here's a look at the chart of GBP/USD. I am still short until 1.50 or so. To be honest, the measured move of the break of the long-term box is 1.48, but I expect a bounce at 1.50.....I am about 450 pips in profit at the moment. (Traded a break of the 4 hour flag, just under the 1.58 area.)
  • #7,315
  • Feb 26, 2010 8:05pm Feb 26, 2010 8:05pm
Hi guys,
I return to trading after a break of one month due to hard exams at university. They were too hard so I had to set the priorities on them and nothing else.

I am glad to see that the forum thread did not change and many things are still well discussed. And the members are mostly the same like before.

Since I had a pause in trading I had to begin to synchronize with the market this week. I did it without trading, which was a good decision after all.

Centaure
  • #7,316
  • Feb 26, 2010 9:27pm Feb 26, 2010 9:27pm
Quoting samer960
Chris
that is first class trading .
it would be a great idea to pick up trades like this from the thread and add a link in first post of the thread so new comers can find examples of your method . and it would be easier for us to review these trades when we need to

samer

You are probably correct on that one. I will put that on my ever-growing "to do list". I have a wife and two kids.....so that list was full a long time before I started this thread!
  • #7,317
  • Feb 26, 2010 9:32pm Feb 26, 2010 9:32pm
Quoting Centaure
Hi guys,
I return to trading after a break of one month due to hard exams at university. They were too hard so I had to set the priorities on them and nothing else.

I am glad to see that the forum thread did not change and many things are still well discussed. And the members are mostly the same like before.

Since I had a pause in trading I had to begin to synchronize with the market this week. I did it without trading, which was a good decision after all.

Centaure

This is a great post! I love it! In fact, this might be the best thing I have read in weeks.

Pay attention everyone, he hit the nail on the head with this. He had something that is infinitely more important than trading to attend to. The markets were always going to be here when he came back, and he made a very mature decision to wait until the more important things were taken care of. Instead of worrying about getting rich overnight, Centaure invested time and effort in the one thing you can always count on - yourself.

Damn wise choice in my opinion.

I also like the idea of getting the vibe of the market back without actually risking any money. Really, really, really smart move.

Welcome back.
  • #7,318
  • Feb 26, 2010 10:43pm Feb 26, 2010 10:43pm
lol , i have already 3 kids and a wife and .... oops. maybe she will read this post .
u know what chris , i have said that because in this forum there are very few posting a live setup and a live trade and update of trades they took , so many super guru they just talk without ever posting anything , or other worse they post a chart with i entered here and get out there and i made so many pips . so much lying and pretending .
this thread is different . it is real and about real trading
anyway , stop filling ur "to do list" and forget about my proposition , and plan for a third kid. lol
samer

Quoting clockwork71
You are probably correct on that one. I will put that on my ever-growing "to do list". I have a wife and two kids.....so that list was full a long time before I started this thread!
  • #7,319
  • Feb 27, 2010 1:20am Feb 27, 2010 1:20am
Am with you on this one Chris, just not sure where we will see the bounce....if you look at the weekly, we had a channel which broke......am still baised to the down side and looking at 1.24500 as the destination.

Cheers

Quoting clockwork71
It looks like it is trying to bounce, as you would expect in this area because of all the support. My thoughts lean a little more towards letting it bounce to 1.40 (if it can) and then looking to short it there. I think you could make a trad out of this bounce, but the longer term I would still be a little hesitant of buying this pair.

Chris
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  • #7,320
  • Feb 27, 2010 7:48am Feb 27, 2010 7:48am
Quoting samer960
lol ,...

Third kid? Have you lost your mind????? lol
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