Silent Service Method | Page 398 | 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

  • #7,941
  • Apr 11, 2010 1:50pm Apr 11, 2010 1:50pm
Quoting coobin
We are here and we feel emptiness and pain. All the people can't believe what has happened.

Thank you for being so warm and sensitive person. You are trully a great person, not only a trader.

Regards,

Coobin
My condolences

Nice thread Clockwork. I'm enjoying the reading; started last night. I admire you folk's respect for each other. Speaks for itself. Cheers,
T
  • #7,942
  • Apr 11, 2010 1:55pm Apr 11, 2010 1:55pm
sincere condolence
samer

Quoting coobin
We are here and we feel emptiness and pain. All the people can't believe what has happened.

Thank you for being so warm and sensitive person. You are trully a great person, not only a trader.

Regards,

Coobin
  • #7,943
  • Apr 11, 2010 1:59pm Apr 11, 2010 1:59pm
low
looks like this time Gartley is doing well
samer
Attached Image (click to enlarge)
Click to Enlarge Name: an.gif Size: 26 KB
  • #7,944
  • Apr 11, 2010 2:59pm Apr 11, 2010 2:59pm
Quoting Danku
U might also want to checkout Walmart............Trend is up, 55 RN and acting as Support, PB in trend direction and IB Fakey...........cheers.........good for long................
looks good. here's the chart for wmt. daily.
Attached Image (click to enlarge)
Click to Enlarge Name: wmt.gif Size: 20 KB
meine augen sind die sterne
  • #7,945
  • Apr 11, 2010 3:13pm Apr 11, 2010 3:13pm
Quoting samer960
low
looks like this time Gartley is doing well
samer
Bummer...I missed it completely. That's a nice chart. Maybe it'll pull back a little and give me an entry.
  • #7,946
  • Apr 11, 2010 4:16pm Apr 11, 2010 4:16pm
Biggest gap I've seen in ages
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 24 KB
  • #7,947
  • Apr 11, 2010 4:19pm Apr 11, 2010 4:19pm
Quoting VitaminBeer
Biggest gap I've seen in ages
Yes, I'm staying out of GBPCHF because of these gaps, had my eye on a short. Now I'm going to watch what happens from the sidelines.
  • #7,948
  • Apr 11, 2010 4:57pm Apr 11, 2010 4:57pm
Quoting VitaminBeer
Biggest gap I've seen in ages

It is hard to see how this will play out. To be honest, a back stop is nice for Greece, but the terms are pretty harsh. It's not much better than they were going to get from the IMF anyway.

Also, one would have to question the issues with Portugal, Ireland, Italy, and Spain now. What will they do then? I would think the EUR is going down, and hard in the end....but there is always a shot at a nice bounce, which is what this is looking like to me.
  • #7,949
  • Apr 11, 2010 5:20pm Apr 11, 2010 5:20pm
Mind the gap!

My pending order on eurgbp got triggered at the open price and I just closed for -8 pips as it's way too messy to stay in.

My chfjpy long gapped up too and I closed for +97 pips as I want to wait and see what happens before I trade this anymore.

That's probably a lesson in keeping pending orders open over the weekend... They trigger at the open price, not your desired entry point.

No open orders now, waiting for the next big signal. Off to bed, have a good afternoon/night.
Position trader - Anything intraweek is just noise...
  • #7,950
  • Apr 11, 2010 5:38pm Apr 11, 2010 5:38pm
Quoting Arfer Daily
Mind the gap!

My pending order on eurgbp got triggered at the open price and I just closed for -8 pips as it's way too messy to stay in.

My chfjpy long gapped up too and I closed for +97 pips as I want to wait and see what happens before I trade this anymore.

That's probably a lesson in keeping pending orders open over the weekend... They trigger at the open price, not your desired entry point.

No open orders now, waiting for the next big signal. Off to bed, have a good afternoon/night.
Certainly not a bad idea to stay out....
  • #7,951
  • Edited 7:43pm Apr 11, 2010 7:11pm | Edited 7:43pm
Quoting VitaminBeer
Biggest gap I've seen in ages
Is it me, or did I miss hearing anything about...

An unfortunate and now more dire fact that the European Monetary Union has yet again failed and/or neglected to close a loophole in their monetary policy, which has existed since the Euro's inception as a currency. To my understanding, the loophole has allowed local governments such as Greece to deposit their bond holdings in the E.C.B. (to a tune of 3-6%) but then permits investors to turn round and use the Bank as collateral against the member country itself - plus the added 1% interest in Euro rate. Okay, fair enough, but roll the interest over, purchase more bonds, repeat process - all w/o regulating the leverage-to-capital ratio as measured in percent of GDP with anything that says you mean business from the E.C.B.? Right...

"Check, please!"

Mr. Trichet has, in so many words stated that he's been aware of this loophole since the beginning, and he's probably lost sleep over it more than once. Nevertheless, worry wart...

The result: Buries the countr(ies) alive in debt.

Thus, an exponential increase (a la rift) in leverage-to-capital as counter to its GDP has literally broken Greece into blood-red debt levels.

In essence, it's perpetuated a massive, multi-national ponzi scheme that now the I.M.F., E.C.B. and Germany are merely rolling-over for the next administration to do the dirty work of cleaning-up, which will probably mean dismantling the Eurozone altogether. And that sure does make it fuzzy and thin ice for the other member countries, who are specifically part of the E.M.U..

So may be they'll grow up and pull their heads-out-their-arse and draft a constitution that unites monetary to political policy. It's not perfect but it's definitely better than the alternative they're setting themselves up for now. And if they're serious, it would mean growing a pair and creating a Euro-Bond that's legitimately backed by the E.C.B. itself. Again, not a perfect solution but at least a modern market instrument that would help to stabilize an economy, like the U.S. can and does implement for itself. (Although the U.S. is in it even deeper but that's another story.)

Anyway, goes w/o saying this a far greater financial tsunami just starting to hit the Eurozone than was the subprime mortgage crisis. Now, for Europe anyway, it's a subprime country crisis. In what's perhaps the worst of all, it will ripple throughout the European Union now, as a precedent. So, I agree with Clock, enjoy the ride while it lasts b/c the Euro is going to get smoked in-the-end. The U.S. will be up next...

Man, what a way to start the week, ay? Whole countries going to the block

O well, listen to beautiful music... really.
  • #7,952
  • Apr 11, 2010 10:40pm Apr 11, 2010 10:40pm
Quoting jharvey407
Soca, I don't completely disagree with what you have posted, but I wanted to post my longterm JPY chart for comparison. I realize the TA is a subjective endeavor...
Yep... Looks good! [You a fighter pilot?]
  • #7,953
  • Apr 11, 2010 10:55pm Apr 11, 2010 10:55pm
Quoting Soca
Yep... Looks good! [You a fighter pilot?]
Thanks, I always like to get a fresh perspective on charts, especially from people with the same trading style.

I am a pilot, but not a fighter pilot. The Navy rejected me due to a mild red/green color blindness.
  • #7,954
  • Apr 11, 2010 11:33pm Apr 11, 2010 11:33pm
I experienced something new today morning that i do not understand, what usually happens when the markets open and gaps above your stoploss? I had a SL of 98Pips at 1.3569, entry at 1.3471 on EURUSD it gapped, i see a loss of 158Pips..............is this normal? Cheers
  • #7,955
  • Apr 12, 2010 12:02am Apr 12, 2010 12:02am
Quoting Danku
I experienced something new today morning that i do not understand, what usually happens when the markets open and gaps above your stoploss? I had a SL of 98Pips at 1.3569, entry at 1.3471 on EURUSD it gapped, i see a loss of 158Pips..............is this normal? Cheers
Yes. A stop loss is a market order. What this means is that when your price either gets hit, or price goes above it.....your position will be closed at the best available price.

In this kind of situation doesn't happen everyday, but it does happen. Most people refer to it as slippage.

Chris
  • #7,956
  • Apr 12, 2010 12:05am Apr 12, 2010 12:05am
Quoting Soca
Is it me, or did I miss hearing anything about...

An unfortunate and now more dire fact that the European Monetary Union has yet again failed and/or neglected to close a loophole in their monetary policy, which has existed since the Euro's inception as a currency. To my understanding, the loophole has allowed local governments such as Greece to deposit their bond holdings in the E.C.B. (to a tune of 3-6%) but then permits investors to turn round and use the Bank as collateral against the member country itself - plus the added 1% interest in Euro...

The longer I trade currencies and metals, the more concerned I become about the future to be honest.

It's ALL one big ponzi scheme.

But, it's the world we live in.
  • #7,957
  • Apr 12, 2010 3:55am Apr 12, 2010 3:55am
Greek prime minister said
“With today’s decision, the whole of Europe sends a clear message: "that no one can play with our common currency, no one can play with our common fate”

looks like Europe is sending a message , to whom ? maybe to golfer !!!
  • #7,958
  • Apr 12, 2010 3:57am Apr 12, 2010 3:57am
Having had time to look through this a bit more I've discovered that it is very difficult to trade futures using the ss method because you only get data going back to the start of the contract which can be as little as 3 or 4 months, not enough time to determine significant support and resistance on a weekly chart.

The gold and silver can be traded ok but none of the futures. I looked at the charts on IG Index and they give you even less data in most instances.

So, I'm now looking for a metatrader broker who offers a good range of cfds but NOT futures. Anyone got any ideas?
Position trader - Anything intraweek is just noise...
  • #7,959
  • Apr 12, 2010 5:03am Apr 12, 2010 5:03am
Quoting Arfer Daily
Having had time to look through this a bit more I've discovered that it is very difficult to trade futures using the ss method because you only get data going back to the start of the contract... So, I'm now looking for a metatrader broker who offers a good range of cfds but NOT futures. Anyone got any ideas?
I realize they require a higher minimum deposit but I still think ODL Securities www.odlsecurities.com is worth your time to check-out. Albeit if you insist, try this website www.earnforex.com/mt4-forex-brokers/ for a brief, though very probably not comprehensive list of brokers that offer MT4 with CFDs. (Just pulled it off a quick search.)

Either way, I'd investigate them or any broker with the F.S.A. in the U.K. before even thinking of depositing funds. Remember my "U.S. C.F.T.C." list of brokers? That's what caliber of broker I'd be more comfortable having an account with for reasons stated on that post [#7870]. Otherwise if I get word of any other MT4/CFD broker, whom I get a good vibe about, then I will do my best to remember to post it for you.
  • #7,960
  • Apr 12, 2010 5:15am Apr 12, 2010 5:15am
Thanks Soca
Position trader - Anything intraweek is just noise...
11 traders viewing now