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Silent Service Method

  • #7,541
  • Mar 10, 2010 10:26am Mar 10, 2010 10:26am
Quoting sebafx
Thanks for the analysis Chris, makes perfect sense. I think Pring calls it “Minimum Ultimate Downside Objective" for rectangles, but I didn't remember it applied to Triangles as well. It's very cool how it converges with s/r - equilibrium line.

It's great how Silent Service makes me understand how to use Pring in practice, as it's not enough to just read the books and watch his videos really. This thread is magic. Nice one.

ps thanks also to centaure and calderon for their reply
That is correct, the same measuring technique can be applied to rectangles as well as triangles.

I cannot remember if Pring does triangles like this - but I know many others do. That's the thing about trading and reading.....after enough time - it becomes a blur. lol

Chris
  • #7,542
  • Edited 11:57am Mar 10, 2010 11:41am | Edited 11:57am
i went long at the break of the daily pin ,i believe that everything was set up nicely to go long , it went my way for 3 dollars and it drop to take my stop loss at break of the low of the pin result -19 dollars .
samer

ps : i will wait for the market to go more down about 5 dollars or so and put a buy order where i have been stopped , to take back this money .
  • #7,543
  • Mar 10, 2010 12:05pm Mar 10, 2010 12:05pm
Quoting samer960
i went long at the break of the daily pin ,i believe that everything was set up nicely to go long , it went my way for 3 dollars and it drop to take my stop loss at break of the low of the pin result -19 dollars .
samer

ps : i will wait for the market to go more down about 5 dollars or so and put a buy order where i have been stopped , to take back this money .
Hi .. sorry about that.

I took this same trade but closed out for only 30 pips when I noticed the momentum was not strong enough. That alone was enough to leave me in doubt that something was wrong with the order flow.
  • #7,544
  • Mar 10, 2010 12:17pm Mar 10, 2010 12:17pm
thank you for your words .
we were with the trend and we had a valid reason to go long . it happens this is forex . i hate to lose when i am wrong , but when i am right and i lose i take it as a part of trading .
tomorrow another day
samer
Quoting wh1zz0
Hi .. sorry about that.

I took this same trade but closed out for only 30 pips when I noticed the momentum was not strong enough. That alone was enough to leave me in doubt that something was wrong with the order flow.
  • #7,545
  • Mar 10, 2010 12:26pm Mar 10, 2010 12:26pm
Quoting samer960
thank you for your words .
we were with the trend and we had a valid reason to go long . it happens this is forex . i hate to lose when i am wrong , but when i am right and i lose i take it as a part of trading .
tomorrow another day
samer
That's the ultimate spirit my friend
  • #7,546
  • Mar 10, 2010 1:36pm Mar 10, 2010 1:36pm
Quoting samer960
i went long at the break of the daily pin ,i believe that everything was set up nicely to go long , it went my way for 3 dollars and it drop to take my stop loss at break of the low of the pin result -19 dollars .
samer

ps : i will wait for the market to go more down about 5 dollars or so and put a buy order where i have been stopped , to take back this money .

Yeah, the action was odd to say the least. These things happen.
  • #7,547
  • Mar 10, 2010 1:51pm Mar 10, 2010 1:51pm
Quoting clockwork71
Yeah, the action was odd to say the least. These things happen.
Any thoughts on Silver?

If today closes around 17-ish or lower, I'll be considering a short order around 16.80.

I have a PPZ at 17.50 which price seems to have shied away from. Also helps that we may be forming a lower high right now, the lower low is already in place. (talking about daily charts).
  • #7,548
  • Mar 10, 2010 2:01pm Mar 10, 2010 2:01pm
how about shorting EU around 13700/13750 , anyone ?

samer
  • #7,549
  • Mar 10, 2010 2:39pm Mar 10, 2010 2:39pm
Quoting o990l6mh
Any thoughts on Silver?

If today closes around 17-ish or lower, I'll be considering a short order around 16.80.

I have a PPZ at 17.50 which price seems to have shied away from. Also helps that we may be forming a lower high right now, the lower low is already in place. (talking about daily charts).
Someone somewhere was talking about that a little while ago. Could be an interesting play.
  • #7,550
  • Mar 10, 2010 2:40pm Mar 10, 2010 2:40pm
Quoting samer960
how about shorting EU around 13700/13750 , anyone ?

samer
Waiting for 1.40 myself.
  • #7,551
  • Mar 10, 2010 2:43pm Mar 10, 2010 2:43pm
Quoting clockwork71
Waiting for 1.40 myself.

I have a 1.40 marked on my chart as well. lol I must have listened to reason somewhere.
  • #7,552
  • Edited 3:05pm Mar 10, 2010 2:48pm | Edited 3:05pm
Rather.....

Since all the pairs are looking vague and indecisive at the moment (and knowing fully well that I'd rather go with the flow of the inherent trend of all the com dolls) I think I better run to a cross pair for a few pips. I'm thinking of going short NZD/CAD. I know we're at some sort of support around the 0.7050 PPZ but the NZD is looking pretty weak.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad.gif Size: 28 KB


Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad daily.gif Size: 21 KB
  • #7,553
  • Mar 10, 2010 5:31pm Mar 10, 2010 5:31pm
Quoting wh1zz0
Rather.....

Since all the pairs are looking vague and indecisive at the moment (and knowing fully well that I'd rather go with the flow of the inherent trend of all the com dolls) I think I better run to a cross pair for a few pips. I'm thinking of going short NZD/CAD. I know we're at some sort of support around the 0.7050 PPZ but the NZD is looking pretty weak.

Attachment

Attachment
Nice thought process. I like it!
  • #7,554
  • Mar 10, 2010 6:53pm Mar 10, 2010 6:53pm
Test newsletter, thanks for reading it.
Attached File(s)
File Type: pdf March 10.pdf   155 KB | 442 downloads
  • #7,555
  • Mar 10, 2010 8:11pm Mar 10, 2010 8:11pm
Quoting femfam
Hi Golfer,

Thanks for your post. I have been looking for a way to put ATR indicator on my data chart - i don't want it to appear at the bottom of my chart. I found that you have exactly what I wanted.

Could you post this indicator here for me to download or point to a link where I can download it?

Thanks

femfam,

Here ya go.

golfer
Attached File(s)
File Type: ex4 ATR Pips.ex4   3 KB | 237 downloads
  • #7,556
  • Mar 11, 2010 12:53am Mar 11, 2010 12:53am
Quoting golferfx
femfam,

Here ya go.

golfer

Thanks dude
  • #7,557
  • Mar 11, 2010 12:53am Mar 11, 2010 12:53am
Quoting calderone
Here is one of my favorite range indicators for anyone interested.
thanks dude, i will check it out
  • #7,558
  • Mar 11, 2010 1:13am Mar 11, 2010 1:13am
Looking and patiently waiting for the 1.3700 to 1.3750 Area. My only worry is that TL i have which started on 12 Dec 2009...........but lets see what she brings................quite a number of retail traders are waiting for this area.........

I just did a EURAUD Short.......and my GBPCAD Short from Monday is still running with some 157 Pips locked in..............

Cheers.......

Quoting samer960
how about shorting EU around 13700/13750 , anyone ?

samer
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd (-4hr).gif Size: 23 KB
  • #7,559
  • Mar 11, 2010 1:38am Mar 11, 2010 1:38am
hi Dan
well done for GBPCAD . nice trade
if you are worried about EU u can wait to see some PA when it reach the trend line as what i did with GU , in the attached chart
nice to see many good traders around .
cheers
samer

ps : or you can take a patience pill from Chris and wait until 1.40 !!!



Quoting Danku
Looking and patiently waiting for the 1.3700 to 1.3750 Area. My only worry is that TL i have which started on 12 Dec 2009...........but lets see what she brings................quite a number of retail traders are waiting for this area.........

I just did a EURAUD Short.......and my GBPCAD Short from Monday is still running with some 157 Pips locked in..............

Cheers.......
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
  • #7,560
  • Mar 11, 2010 1:40am Mar 11, 2010 1:40am
Quoting clockwork71
Test newsletter, thanks for reading it.
thanks for the newsletter Chris, another example of Minimum Ultimate Objective applied to a triangle, and very interesting to read your reasons to wait for the 1,000 area in gold
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