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Silent Service Method

  • #7,641
  • Mar 17, 2010 3:53pm Mar 17, 2010 3:53pm
http://i40.tinypic.com/2dt18n9.png
  • #7,642
  • Mar 17, 2010 5:10pm Mar 17, 2010 5:10pm
Quoting sebafx
My demo trade got triggered on the 11th and stopped yesterday at .7120. My area was .7 to .71 (post 7563). Did I get that area wrong?

cheers
seba

No, sometimes that kind of thing just happens. I cannot tell you how many times you will get stopped by 5 pips. Relax, you identified the right area.....now it's only a matter of taking the right triggers. (price action)
  • #7,643
  • Mar 17, 2010 5:12pm Mar 17, 2010 5:12pm
Quoting sebafx
since 1.45 was broken to the downside today, would you consider the "brick wall" (is that the name?) setup for a long not valid anymore?

or wasn't it a long you meant? are you waiting to break the 1.45 -1.445 (2002 lows) area to go further down?
No, I was thinking up. It didn't happen to trade that way today. However, we could still get a signal on the weekly.....daily, etc. I would wait to see a nice bar on the daily, or better yet the weekly.
  • #7,644
  • Mar 17, 2010 5:13pm Mar 17, 2010 5:13pm
Quoting Low
http://i40.tinypic.com/2dt18n9.png

Fear the Butterfly! :-)
  • #7,645
  • Mar 18, 2010 12:28am Mar 18, 2010 12:28am
got stopped out on nu for - 200pips. quite disappointing that trade was. i took that daily pin a few days ago that formed just above .7000. It was probably a tad ambitious seems trading into heavy traffic. guess we cant expect anything really. for you long term holders hopefully it does end up doing its thing soon for you guys. been taking agesss
  • #7,646
  • Mar 18, 2010 12:51am Mar 18, 2010 12:51am
Quoting supermatt
got stopped out on nu for - 200pips. quite disappointing that trade was. i took that daily pin a few days ago that formed just above .7000. It was probably a tad ambitious seems trading into heavy traffic. guess we cant expect anything really. for you long term holders hopefully it does end up doing its thing soon for you guys. been taking agesss
If it makes you feel any better, I lost about 150 pips on that one too.

Looked like a good setup too, did not expect it to come down again after that pin.

VB,
  • #7,647
  • Mar 18, 2010 4:12am Mar 18, 2010 4:12am
Quoting clockwork71
No, sometimes that kind of thing just happens. I cannot tell you how many times you will get stopped by 5 pips. Relax, you identified the right area.....now it's only a matter of taking the right triggers. (price action)
excellent! As long as I'm doing things right I don't mind losing, it's part of the job. Thanks!
  • #7,648
  • Mar 18, 2010 4:32am Mar 18, 2010 4:32am
Hello Chris and everyone,

Reading through the first pages of the thread do you take only trend trades Chris? Or if the location & story behind the PA is really great does it override the trend factor for you?

Am asking because I usually take trend trades but sometimes there's just crystal clear CT opportunities. Like currently in GBPCHF.

Trend is clearly down on ANY timeframe >= Daily. But on March 1st price hit 1.6000 RN and was strongly rejected. Then on March 15 sellers pushed through 1.6 BUT next day buyers took control through a very nice engulfing bar. To me this means that all sellers who sold the break of the March 1st low are now either stopped out or in pain and the path was cleared for longs.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.png Size: 66 KB
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,649
  • Mar 18, 2010 8:41am Mar 18, 2010 8:41am
that was fast
Attached Image (click to enlarge)
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  • #7,650
  • Mar 18, 2010 9:29am Mar 18, 2010 9:29am
Remember my two shorts on this.............T/P hit, Trend my wealthy friend off S/R Area and RNs..............

Now, EURUSD, yesterday.....i cursed n cursed my Boss...........he had a meeting and instead decided i should go for the meeting.......kept waiting for meeting to start and meeting took about 2 hours, i get back to office and WTF do i find.............see chart.......missed a planed short entry at 1.3800, yellow arrrow, confluence area..anyone recommend i slap him with a letter hehehehehe..........What a F**Kin week i would ave had...........if i was in the office to take this short..............hope you guyz/gals got it.............................toooooooooo sweeeeeeeet

cheers

Quoting Danku
Still holding my Box Shorts on EURAUD....infact i made another entry on Fridy at 1.5006..............i believe the trend will be my wealthy friend.......cheers all
Attached Image (click to enlarge)
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  • #7,651
  • Mar 18, 2010 9:50am Mar 18, 2010 9:50am
yes Dan i took it but not at 138 , i took it at the break of the pin on 4 h chart around 13760 and i close it at the trend line on 4 h chart too , to short it again after the break out as per the chart in my previous post .
cheers

ps :dont worry man u will catch it next time , this ping pong with euro didnt finish yet .
  • #7,652
  • Mar 18, 2010 10:53am Mar 18, 2010 10:53am
Quoting samer960
yes Dan i took it but not at 138 , i took it at the break of the pin on 4 h chart around 13760 and i close it at the trend line on 4 h chart too , to short it again after the break out as per the chart in my previous post .
cheers

ps :dont worry man u will catch it next time , this ping pong with euro didnt finish yet .
I agree....I think that the knee jerk reaction only sets up possible longs coming up. Take a look at this chart on the 4 hour.....it seems to be trying to build a base, and truthfully....would a EUR bounce be so hard to imagine after the precipitous fall it had????

It is starting to look more and more like a "rounded bottom". It's a formation I don't necessarily trade much, but it's pretty clear so far at least.
Attached Image (click to enlarge)
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  • #7,653
  • Mar 18, 2010 10:55am Mar 18, 2010 10:55am
Quoting soso
Hello Chris and everyone,

Reading through the first pages of the thread do you take only trend trades Chris? Or if the location & story behind the PA is really great does it override the trend factor for you?

Am asking because I usually take trend trades but sometimes there's just crystal clear CT opportunities. Like currently in GBPCHF.

Trend is clearly down on ANY timeframe >= Daily. But on March 1st price hit 1.6000 RN and was strongly rejected. Then on March 15 sellers pushed through 1.6 BUT next day buyers took control through a very nice...

I have no issues taking counter trend trades.....I am just a little quicker to take profits or get to break even is all......

Welcome by the way!
  • #7,654
  • Mar 18, 2010 10:56am Mar 18, 2010 10:56am
Quoting supermatt
got stopped out on nu for - 200pips. quite disappointing that trade was. i took that daily pin a few days ago that formed just above .7000. It was probably a tad ambitious seems trading into heavy traffic. guess we cant expect anything really. for you long term holders hopefully it does end up doing its thing soon for you guys. been taking agesss
Tell me about it. *YAWN*
  • #7,655
  • Mar 18, 2010 11:11am Mar 18, 2010 11:11am
Quoting clockwork71
Tell me about it. *YAWN*
LOL.My original position is from Dec 28th.
  • #7,656
  • Mar 18, 2010 12:55pm Mar 18, 2010 12:55pm
Quoting clockwork71
I have no issues taking counter trend trades.....I am just a little quicker to take profits or get to break even is all......
That's interesting. Do you find that your trend trades do better than you ct ones? Or your profitability is about the same for both trend & ct trades? Just curious, because I find that the trades that hurt me most are ct ones.

Quote
Welcome by the way!
Thanks, been following this thread since forever, just was more active in Strat's thread.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,657
  • Mar 18, 2010 1:00pm Mar 18, 2010 1:00pm
Nice engulfing bar on weekly , some of u guys r already short , as our friend wh1zz0 said patience is key .
please Golfer can u take it up a little bit so i can short it at 0.9 and my friend calderone can add a new short .
thanks in advance golfer
samer
  • #7,658
  • Edited 1:22pm Mar 18, 2010 1:06pm | Edited 1:22pm
bine ati venit soso, nu mai stiu sa vorbesc asa bene , nam vorbit romaneste da 30 anni de zile .
noroc
samer
Quoting soso
That's interesting. Do you find that your trend trades do better than you ct ones? Or your profitability is about the same for both trend & ct trades? Just curious, because I find that the trades that hurt me most are ct ones.


Thanks, been following this thread since forever, just was more active in Strat's thread.
  • #7,659
  • Mar 18, 2010 1:35pm Mar 18, 2010 1:35pm
Quoting samer960
bine ati venit soso, nu mai stiu sa vorbesc asa bene , nam vorbit romaneste da 30 anni de zile .
noroc
samer
salut, vorbesti aproape perfect avand in vedere cat timp a trecut .Noroc si tie.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #7,660
  • Mar 18, 2010 4:25pm Mar 18, 2010 4:25pm
Quoting samer960
Nice engulfing bar on weekly , some of u guys r already short , as our friend wh1zz0 said patience is key .
please Golfer can u take it up a little bit so i can short it at 0.9 and my friend calderone can add a new short .
thanks in advance golfer
samer
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