Silent Service Method | Page 389 | 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

  • #7,761
  • Mar 30, 2010 2:45am Mar 30, 2010 2:45am
My eurjpy SL was hit and am in short again at 125.............lets see how she plays............

Cheers

Quoting Danku
come one guys, kill that talk of EURO strength, no wonder my short is getting hit....at negative 89 pips before market open.......................

Personally i still see EURO weakness across the board....have a look at EURUSD, EURAUD etc etc and especially EURNZD.......anyways lets wait for market open, though i will be in ma sheets, with u know who.............................n i warn u all kill that talk on EURO strength................

cheers guys...............
  • #7,762
  • Mar 30, 2010 8:21am Mar 30, 2010 8:21am
For the newer trader......always look at the larger picture.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 71 KB
  • #7,763
  • Mar 30, 2010 1:30pm Mar 30, 2010 1:30pm
New blog post over at http://www.thetraderguy.com
  • #7,764
  • Mar 30, 2010 5:43pm Mar 30, 2010 5:43pm
Update on 1.35
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 42 KB
  • #7,765
  • Mar 30, 2010 11:19pm Mar 30, 2010 11:19pm
Hey guys,

Some charts that I'm watching for S/R ;

GBPcad pull back to zone is a great sell area.

Audcad break below support is a nice drop 8450/8550 area.

Euraud is breaking way below my previous support and could be going lower.

Eurnzd is approaching very solid support and if holds should be nice bounce...however euro is failing all pairs and could continue lower...then sell for lower prices.



good hunting,

golferfx
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad weekly.gif Size: 19 KB
Click to Enlarge Name: audcad.gif Size: 23 KB
Click to Enlarge Name: euraud weekly.gif Size: 22 KB
Click to Enlarge Name: eurnzd weekly.gif Size: 23 KB
  • #7,766
  • Edited 2:04am Mar 31, 2010 1:50am | Edited 2:04am
nice golfer ! thank you
i m short AUDCAD , warrior , remember !
samer
Quoting golferfx
Hey guys,

Some charts that I'm watching for S/R ;

GBPcad pull back to zone is a great sell area.

Audcad break below support is a nice drop 8450/8550 area.

Euraud is breaking way below my previous support and could be going lower.

Eurnzd is approaching very solid support and if holds should be nice bounce...however euro is failing all pairs and could continue lower...then sell for lower prices.



good hunting,

golferfx
  • #7,767
  • Mar 31, 2010 8:04am Mar 31, 2010 8:04am
Yeah.....the Euro is a mess right now.....So I am not looking to buy any bounces myself. Too chicken I suppose. :-)
  • #7,768
  • Mar 31, 2010 8:09am Mar 31, 2010 8:09am
Quoting clockwork71
Yeah.....the Euro is a mess right now.....So I am not looking to buy any bounces myself. Too chicken I suppose. :-)
Agreed, I have drawn a little 4hr box and scalped a few up and down but nothing good.
  • #7,769
  • Mar 31, 2010 9:53am Mar 31, 2010 9:53am
Clockwork,

Excuse me for being new and not completely understanding, but you keep saying you cannot find a reason to be long. However, I have a pretty solid weekly pinbar from last week.

Are you saying that you are not "convinced" of the price action because of the area? What I don't understand, I guess, is that the weekly bullish pin is actually held by the same support that you are calling resistance (1.35). Or am I completely screwing this up!?!
  • #7,770
  • Mar 31, 2010 11:17am Mar 31, 2010 11:17am
Quoting aserbfx
deutsche bank.
possible double-top. divergence. some bearish price action will be a nice short signal.
done
Attached Image (click to enlarge)
Click to Enlarge Name: dbk2.png Size: 16 KB
meine augen sind die sterne
  • #7,771
  • Edited 3:07pm Mar 31, 2010 2:06pm | Edited 3:07pm
Pinbar going with the trend on the Cocoa Monthly. It happens in a PPZ that exists between the two marked red lines. The red lines line up better with weekly PPZs, I believe, which are not necessarily evident on this chart.

-Dave


EDIT: for some reason my chart is expiring... will try to repost.
http://www.forexfactory.com/[IMG...reenshot-2.pnghttp://[IMG]file:///C:/Users/Dav...reenshot-2.png
http://www.tradesignalonline.com/Gallery/Default.aspx#
  • #7,772
  • Mar 31, 2010 2:53pm Mar 31, 2010 2:53pm
SL hit again........looks like EURO is trying to fight..................bais is short...............looking to short again...................

Quoting Danku
My eurjpy SL was hit and am in short again at 125.............lets see how she plays............

Cheers
  • #7,773
  • Mar 31, 2010 3:25pm Mar 31, 2010 3:25pm
Quoting TraderDavo
Clockwork,

Excuse me for being new and not completely understanding, but you keep saying you cannot find a reason to be long. However, I have a pretty solid weekly pinbar from last week.

Are you saying that you are not "convinced" of the price action because of the area? What I don't understand, I guess, is that the weekly bullish pin is actually held by the same support that you are calling resistance (1.35). Or am I completely screwing this up!?!
Hi.

I'm not chris but sharing his conviction not buying the euro at the present time. Technically this pinbar is not located to bad and price could have found support at this area. Because of all of the mess at this area I would analyse this chart only from the perspective of a long term trade. But the fundamentals on the EURO don't line up with that. Last year iceland went bankrupt, currently greece is out of money, portugal could be the next in the queue. Before the EURO was established the CHF was normally the currency to exchange to if something bad was expected to ones countries currency. That the CHF is at it's all time high against the EURO could have some meaning too.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2010-04-01-21-57-03-Alpari-UK-Ltd.png Size: 41 KB


So with one word, placing a long here with a 300 point SL would strike my mental framework.

Stefan.
10 x 100 = 100 x 10, stefx, retired scalper.
  • #7,774
  • Mar 31, 2010 3:32pm Mar 31, 2010 3:32pm
Just to clear this up, you are saying that the primary reason for NOT taking it are the fundamentals? As I said, I am a bit new at this, so I am just trying to confirm that I am not pointing out a bad "technical" trade and stating that it is a "good" one.

All fundies aside, does this pure PA set up line up well?
  • #7,775
  • Mar 31, 2010 3:41pm Mar 31, 2010 3:41pm
As a sidebar, I always wondered how they came up with a Euro Chart prior to 2000 since the Euro didn't exist! I guess they are just taking a fixed blend of the Deutsche Mark, Franc, Peso, etc? In anycase, not sure about the data prior to '99 or 2000 since it wasn't traded as a single unit.

BTW, welcome back stefx - where ya been?
  • #7,776
  • Mar 31, 2010 3:48pm Mar 31, 2010 3:48pm
Quoting InfinitySL
As a sidebar, I always wondered how they came up with a Euro Chart prior to 2000 since the Euro didn't exist! I guess they are just taking a fixed blend of the Deutsche Mark, Franc, Peso, etc? In anycase, not sure about the data prior to '99 or 2000 since it wasn't traded as a single unit.

BTW, welcome back stefx - where ya been?
oh, yes the euro started on jan 99 as bank money (before it was called the "ecu"). but you are right that "the people" got it later on jan 02.
meine augen sind die sterne
  • #7,777
  • Mar 31, 2010 4:04pm Mar 31, 2010 4:04pm
Quoting aserbfx
oh, yes the euro started on jan 99 as bank money (before it was called the "ecu"). but you are right that "the people" got it later on jan 02.
I was quibbling w/ the fact that stefx's charts (and my own charts using FxPro's platform) go back to 1989 or prior...

Certainly wasn't a euro then...
  • #7,778
  • Mar 31, 2010 5:21pm Mar 31, 2010 5:21pm
Quoting InfinitySL
As a sidebar, I always wondered how they came up with a Euro Chart prior to 2000 since the Euro didn't exist! I guess they are just taking a fixed blend of the Deutsche Mark, Franc, Peso, etc? In anycase, not sure about the data prior to '99 or 2000 since it wasn't traded as a single unit.

BTW, welcome back stefx - where ya been?
From my understanding - it is based upon the original formula of the Euro itself.....a certain percentage of Francs, Marks, etc....
  • #7,779
  • Mar 31, 2010 5:23pm Mar 31, 2010 5:23pm
Quoting stefx
Hi.

I'm not chris but sharing his conviction not buying the euro at the present time. Technically this pinbar is not located to bad and price could have found support at this area. Because of all of the mess at this area I would analyse this chart only from the perspective of a long term trade. But the fundamentals on the EURO don't line up with that. Last year iceland went bankrupt, currently greece is out of money, portugal could be the next in the queue. Before the EURO was established the CHF was normally the currency to exchange to if something...
Agreed. I certainly believe the EUR is a sell until they fix the whole issue over there....and I think that might be a while down the road.

I still have a target of 1.25 this year.
  • #7,780
  • Mar 31, 2010 5:24pm Mar 31, 2010 5:24pm
Quoting TraderDavo
Pinbar going with the trend on the Cocoa Monthly....

Interesting. I believe this is the first Cocoa chart mentioned!

Congrats mate, you get the "exotic" trader award!!
6 traders viewing now