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Silent Service Method

  • #7,401
  • Mar 5, 2010 3:06pm Mar 5, 2010 3:06pm
Wow.

A lot of weekly pins out there for anything euro or pound related. Indexes rise, gold stalls, and the DX perks up too?

What a weird week.
  • #7,402
  • Mar 5, 2010 3:11pm Mar 5, 2010 3:11pm
This is by far the most interesting chart to me.....EUR/GBP weekly.
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  • #7,403
  • Mar 5, 2010 3:14pm Mar 5, 2010 3:14pm
Quoting clockwork71
This is by far the most interesting chart to me.....EUR/GBP weekly.
Guess I'm not the only one noticing this...
  • #7,404
  • Mar 5, 2010 3:18pm Mar 5, 2010 3:18pm
Quoting clockwork71
This is by far the most interesting chart to me.....EUR/GBP weekly.

That is one sexy bar.....
  • #7,405
  • Mar 5, 2010 3:28pm Mar 5, 2010 3:28pm
Quoting Low
That is one sexy bar.....
That's the first time I've ever heard that...

Down Boy!
  • #7,406
  • Mar 5, 2010 4:19pm Mar 5, 2010 4:19pm
Quoting clockwork71
This is by far the most interesting chart to me.....EUR/GBP weekly.

There is going to be some Greek news released on Saturday. Forgot where I read that, maybe dt's thread so I will be curious what moves and how while my broker is closed.

E/G is on my to do list. lol
  • #7,407
  • Mar 5, 2010 5:33pm Mar 5, 2010 5:33pm
New small blog post up.
  • #7,408
  • Mar 5, 2010 5:34pm Mar 5, 2010 5:34pm
Quoting Low
That is one sexy bar.....
True 'dat.
  • #7,409
  • Mar 5, 2010 5:49pm Mar 5, 2010 5:49pm
i just want to take the opportunity here to thank clockwork for starting the thread and all you guys who contribute charts. I developed my method around the stuff introduced here. I know you're not the first one to invent s/r and price action trading, but seeing the people post their charts on here really helped with my learning process. But my learning never stops as the market is full of wisdom to pass on..

thanks again
  • #7,410
  • Edited 6:59pm Mar 5, 2010 6:38pm | Edited 6:59pm
hammer on weekly , look like it is going to meet 139 area where hopefully we can short it again . if no well there is always 143 area . not so far these levels with this pair . one or 2 pills of patience made by chris ,can help to wait
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  • #7,411
  • Mar 5, 2010 7:07pm Mar 5, 2010 7:07pm
Quoting hilmy83
i just want to take the opportunity here to thank clockwork for starting the thread and all you guys who contribute charts. I developed my method around the stuff introduced here. I know you're not the first one to invent s/r and price action trading, but seeing the people post their charts on here really helped with my learning process. But my learning never stops as the market is full of wisdom to pass on..

thanks again
Correct. S/R is not my invention, nor anyone else on this forum. However, it really comes down to interpretation, and filtering out noise. Psychology is the other part.

As I trade....I learn more and more - there's an art to this stuff as well.
  • #7,412
  • Mar 6, 2010 8:19am Mar 6, 2010 8:19am
Quoting clockwork71
I am watching this one. I will see where it's at once the trading day is over......
Hi Chris, I was wondering how you go about entering a trade like this USD/CAD. Have you already set a buy order at 1.0370 (20 pips from first and highest pin), 1.0355 (20 pips from friday's pin), or do you go about it in a different way? I'm just intrigued about what you mean by "watching" the pair.

Thanks, have a good weekend
Seba
  • #7,413
  • Mar 6, 2010 9:02am Mar 6, 2010 9:02am
Quoting sebafx
Hi Chris, I was wondering how you go about entering a trade like this USD/CAD. Have you already set a buy order at 1.0370 (20 pips from first and highest pin), 1.0355 (20 pips from friday's pin), or do you go about it in a different way? I'm just intrigued about what you mean by "watching" the pair.

Thanks, have a good weekend
Seba
Truthfully, if it continues up about 20-30 pips from here - I am long.

I would and could base the entry off of the top of the last pin as well.....essentially the same thing.

I am hoping to see a few handles on this one....maybe just shy of the 1.07 area.
  • #7,414
  • Mar 6, 2010 9:52am Mar 6, 2010 9:52am
Quoting clockwork71
Truthfully, if it continues up about 20-30 pips from here - I am long.

I would and could base the entry off of the top of the last pin as well.....essentially the same thing.

I am hoping to see a few handles on this one....maybe just shy of the 1.07 area.
Thanks Chris.

Do you consider USDCAD long a trade with the trend because of the new higher high and probably higher low as in my chart attached?

So far I've read 3100 posts (eyes are burning but I enjoy it) and are still struggling to identify long term trends. Do you base this on Pring's peak and trough analysis (I mean if one new higher high and higher low are confirmed we can consider we are in a new uptrend)?

Also, could you please remind me what "handles" means? It's the kind of thing I keep hearing but can't quite understand... does it mean s/r areas?

Cheers
Seba
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  • #7,415
  • Mar 6, 2010 9:59am Mar 6, 2010 9:59am
Any view about AUD/JPY
some guys says up in long term because

"Japanese Government has just announced it will set aside 135 Trillion for foreign currency intervention in 2010/2011. Which is massive. Presumably, long term implication is Yen weakness and Nikkei up."

BUT here it's what i see on daily chart
Any comment or view will be nice
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  • #7,416
  • Mar 6, 2010 10:06am Mar 6, 2010 10:06am
Weekly chart A/J IF the previous daily chart not clear
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  • #7,417
  • Mar 6, 2010 10:22am Mar 6, 2010 10:22am
too waiting for a break!!

USDCAD
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CADJPY
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sorry my english!
  • #7,418
  • Mar 6, 2010 10:34am Mar 6, 2010 10:34am
nice location and round number
Attached Image (click to enlarge)
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sorry my english!
  • #7,419
  • Mar 6, 2010 11:45am Mar 6, 2010 11:45am
Quoting sebafx
Thanks Chris.

Do you consider USDCAD long a trade with the trend because of the new higher high and probably higher low as in my chart attached?

So far I've read 3100 posts (eyes are burning but I enjoy it) and are still struggling to identify long term trends. Do you base this on Pring's peak and trough analysis (I mean if one new higher high and higher low are confirmed we can consider we are in a new uptrend)?

Also, could you please remind me what "handles" means? It's the kind of thing I keep hearing but can't quite understand... does...

I use Pring's method yes. But to be honest, I still think of it as a long term bear trend. Perhaps we are in a medium term bull if we bounce here.

Handles simply mean round numbers..... 1.04, 1.05, 1.06, etc......which as you know, is where a lot of the S/R areas are.....

Conversely, if you say "I got 3 handles on that trade", it's basically the same thing as saying I got 300+ pips on that trade.
  • #7,420
  • Mar 6, 2010 11:48am Mar 6, 2010 11:48am
http://i49.tinypic.com/ddl452.png
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