Silent Service Method | Page 390 | 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

  • #7,781
  • Mar 31, 2010 5:26pm Mar 31, 2010 5:26pm
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!?!

No, you are correct. And from a purely technical perspective - you could go for a buy, but I don't like the stop size on a currency that has serious problems. I think it's perhaps due for a bit of a bounce.....and you could play it for that, but I am not thinking we are going back up - if that makes sense.
  • #7,782
  • Edited 6:07pm Mar 31, 2010 5:30pm | Edited 6:07pm
Quoting TraderDavo
Pinbar going with the trend on the Cocoa Monthly....
Here is that chart you were trying to post (bars are monthly):

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-03-31_Cocoa.png Size: 36 KB


Perhaps a break of 3,000?
  • #7,783
  • Mar 31, 2010 5:35pm Mar 31, 2010 5:35pm
See attached chart on DWA.....
Attached Image (click to enlarge)
Click to Enlarge Name: dwa.png Size: 99 KB
  • #7,784
  • Mar 31, 2010 9:06pm Mar 31, 2010 9:06pm
Just saw we are through 800,000 views. Nice.

Thanks everyone.
  • #7,785
  • Mar 31, 2010 9:49pm Mar 31, 2010 9:49pm
Quoting clockwork71
Just saw we are through 800,000 views. Nice.

Thanks everyone.

You've earned every one Chris.
  • #7,786
  • Apr 1, 2010 1:35am Apr 1, 2010 1:35am
I would like to wish everyone a Happy Easter.

Please enjoy the holiday and don't eat too much nor drink too much.

Femi
  • #7,787
  • Apr 1, 2010 7:09am Apr 1, 2010 7:09am
Remember: Today is the last trading day for stocks in the USA. It is likely to be a little "whippy" and light in volume, since a lot of traders wont want to initiate new positions, and don't necessarily want to be over exposed going into this jobs number.

My advice is that if you are not in a position - stay out for a bit.

For me, I will be going to go see Jack Hanna http://www.columbuszoo.org/default.aspx
  • #7,788
  • Apr 1, 2010 7:46am Apr 1, 2010 7:46am
Way to go on breaking 800K
  • #7,789
  • Apr 1, 2010 8:39am Apr 1, 2010 8:39am
Quoting clockwork71
Interesting. I believe this is the first Cocoa chart mentioned!

Congrats mate, you get the "exotic" trader award!!

Cocoa is actually a great commodity to trade. The trends are decent and the ranges are not insane, so you don't get whipsawed much. You just have to wait even longer for a good trade.

That trade right there is worth 3K a contract, IMO. It may take you 6 weeks to get there, but its a solid trend commodity!
  • #7,790
  • Apr 1, 2010 9:05am Apr 1, 2010 9:05am
Happy Easter Holidays to all on this Thread that changed everything for me...............During this holidays, please do not over drink and all..............oooooooooohhhhhhhhh what the heck...........going to drink myself silly, gonna celebrate the birth of our saviour in style..............cheers
  • #7,791
  • Apr 1, 2010 9:12am Apr 1, 2010 9:12am
For some reason I am finding monthly stuff, even though I rarely look beyond weekly...

I know we are all waiting to see what the Euro does, but there is a rather large two month pin on the EJ that I though I would point out. I, personally, am waiting on the fundies of the Euro (thanks to the advice of Clock and others!) and would also like to see a clear break and retrace of the 127 level - but if those two things happen, this could be a 1500-2K pip trade.
http://tinypic.com/r/x1yp1f/5
http://i41.tinypic.com/x1yp1f.gif
http://www.forexfactory.com/%3Ca%20h...%22%3E%3C/a%3E
  • #7,792
  • Apr 1, 2010 9:19am Apr 1, 2010 9:19am
Quoting clockwork71
Remember: Today is the last trading day for stocks in the USA. It is likely to be a little "whippy" and light in volume, since a lot of traders wont want to initiate new positions, and don't necessarily want to be over exposed going into this jobs number.

My advice is that if you are not in a position - stay out for a bit.

For me, I will be going to go see Jack Hanna http://www.columbuszoo.org/default.aspx

On a side note, I noticed you are from C-bus. My brother is finishing school at OSU and my entire family is Buckeye Crazy (I grew up north of Cincy)! I am currently living in Louisville, but I thought it was interesting to find a fellow Buckeye State gent on a seemingly internationally dominated forum.

Have fun at the Zoo!
  • #7,793
  • Apr 1, 2010 11:26am Apr 1, 2010 11:26am
SNB at it again.......they sure love the CHF...........Cheers
  • #7,794
  • Apr 1, 2010 12:58pm Apr 1, 2010 12:58pm
Hi Chris
what about UJ , tomorrow is NPF , i went long at 92.04. did u close yours ?
or you are going to leave it over this long week end ?
samer

Quoting clockwork71
Remember: Today is the last trading day for stocks in the USA. It is likely to be a little "whippy" and light in volume, since a lot of traders wont want to initiate new positions, and don't necessarily want to be over exposed going into this jobs number.

My advice is that if you are not in a position - stay out for a bit.

For me, I will be going to go see Jack Hanna http://www.columbuszoo.org/default.aspx
  • #7,795
  • Apr 1, 2010 1:01pm Apr 1, 2010 1:01pm
Quoting samer960
Hi Chris
what about UJ , tomorrow is NPF , i went long at 92.04. did u close yours ?
or you are going to leave it over this long week end ?
samer

I am already out of it myself.
  • #7,796
  • Apr 1, 2010 1:01pm Apr 1, 2010 1:01pm
Quoting TraderDavo
On a side note, I noticed you are from C-bus. My brother is finishing school at OSU and my entire family is Buckeye Crazy (I grew up north of Cincy)! I am currently living in Louisville, but I thought it was interesting to find a fellow Buckeye State gent on a seemingly internationally dominated forum.

Have fun at the Zoo!

I actually live about 2 miles from OSU, in Grandview. I am sure your brother knows it well.
  • #7,797
  • Apr 1, 2010 1:03pm Apr 1, 2010 1:03pm
Quoting TraderDavo
For some reason I am finding monthly stuff, even though I rarely look beyond weekly...

I know we are all waiting to see what the Euro does, but there is a rather large two month pin on the EJ that I though I would point out....

To be honest, this is an anti-Yen trade that could be setting up, not a pro-Euro trade. Japan has one of the largest debts in the industrialized world.....and oh - they're population is declining as well. NOT a good combination. Less people to pay off more debt.
  • #7,798
  • Apr 1, 2010 1:10pm Apr 1, 2010 1:10pm
Hi low
a friend draw my attention to this , maybe u will find it interesting.as for me i like this bearish pattern but i hate this pair .
samer
Attached Image (click to enlarge)
Click to Enlarge Name: an.gif Size: 21 KB
  • #7,799
  • Apr 1, 2010 1:12pm Apr 1, 2010 1:12pm
since u are the one who draw my attention to it . i will join u and close it for 192 pips . thanks chris

Quoting clockwork71
I am already out of it myself.
  • #7,800
  • Apr 1, 2010 1:14pm Apr 1, 2010 1:14pm
I have been kinda neutral to bearish on the AUD for a while. It just seems to have trouble getting up in price.

Suddenly, when I got to the Australia/Indonesia exhibit, I saw the following....it appears that out of the entire zoo, the Aussies were all sleeping. Lazy Aussies.....can't trust a currency from this lot, can you? lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: roos.png Size: 940 KB
Click to Enlarge Name: koala.png Size: 635 KB
1 trader viewing now