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Silent Service Method

  • #9,641
  • Jul 9, 2010 2:17pm Jul 9, 2010 2:17pm
Quoting clockwork71
This is a chart of the short I took in EUR/USD. Also included is a picture of what I was doing instead of worrying about it...
Yeah, ya gotta get away sometime.

Nice cars, which is your favorite?
  • #9,642
  • Jul 9, 2010 4:41pm Jul 9, 2010 4:41pm
Quoting Arfer Daily
Nice cars! I went short eurusd this morning. I'm thinking of taking profit at 1.24 just in case, anyone else thinking that?

I added on at the top of the last 4 hour candle too, I love this aggressive add on style, if it goes wrong I'll just close out for BE or a small profit. If it goes my way I'm buying one of those cars in the pics above! (well nearly...)

ha ha. Nice. I am not presuming anything other than a long-term run short.....
  • #9,643
  • Jul 9, 2010 4:42pm Jul 9, 2010 4:42pm
Quoting jharvey407
Yeah, ya gotta get away sometime.

Nice cars, which is your favorite?

The Bud Indy car!

I would love to drive it.....they wont let me though. My sons really liked a '56 Bel Air and a Model T caught there eye as well.
  • #9,644
  • Jul 9, 2010 10:22pm Jul 9, 2010 10:22pm
Hi
just to update EU trade . I Closed half my positions at +100 pip. and moved my stop loss to break even .
have a great week end everyone .
samer
  • #9,645
  • Jul 10, 2010 12:12am Jul 10, 2010 12:12am
Quoting samer960
Hi
just to update EU trade . I Closed half my positions at +100 pip. and moved my stop loss to break even .
have a great week end everyone .
samer
You too Samer. And good one on the trade.....
  • #9,646
  • Jul 10, 2010 7:19am Jul 10, 2010 7:19am
Quoting clockwork71
The Bud Indy car!

I would love to drive it.....they wont let me though. My sons really liked a '56 Bel Air and a Model T caught there eye as well.
Same here... I don't watch a lot of sports, but I watch Indy racing and the Redbull air races.

One day I'll spend some time at one of the racing schools.
  • #9,647
  • Jul 10, 2010 11:18am Jul 10, 2010 11:18am
thats a nice aim however i would buy one of those 80's F1 cars..

i am sure you mentioned it already somewhere in the thread, but what broker do u use for trading CFDs chris?
  • #9,648
  • Jul 10, 2010 11:34am Jul 10, 2010 11:34am
I wonder if a daily Bollinger band squeeze or Donchian channel breakout system would work well over the lower liquidity summer months?
Position trader - Anything intraweek is just noise...
  • #9,649
  • Jul 10, 2010 11:35am Jul 10, 2010 11:35am
Quoting tobias24
thats a nice aim however i would buy one of those 80's F1 cars..

i am sure you mentioned it already somewhere in the thread, but what broker do u use for trading CFDs chris?
Chris doesn't trade CFD's. They are not allowed in America.
Position trader - Anything intraweek is just noise...
  • #9,650
  • Jul 10, 2010 11:50am Jul 10, 2010 11:50am
Quoting tobias24
thats a nice aim however i would buy one of those 80's F1 cars..

i am sure you mentioned it already somewhere in the thread, but what broker do u use for trading CFDs chris?

As mentioned above, Americans cannot trade CFD's. I only trade the real underlying......

Chris
  • #9,651
  • Jul 10, 2010 12:05pm Jul 10, 2010 12:05pm
Quoting Arfer Daily
I wonder if a daily Bollinger band squeeze or Donchian channel breakout system would work well over the lower liquidity summer months?
A few years ago I tested these strategies. I found that the signals were generated late and tended to get you into the market just before a reversal.

One strategy I have tested and seen work is a Keltner Channel strat on a lower timeframe chart like the 15m. This will work if you are willing to sit at the computer.

I think Chris's Box Trading strat is the way to go. Mark important SR levels. Wait for a PA signal at SR. Kind of buy at X sell at Y.
  • #9,652
  • Jul 10, 2010 12:36pm Jul 10, 2010 12:36pm
We have lots of good reasons why most thing positively correlated with US equities could see some more downside, but this chart paints a different picture.

http://i25.tinypic.com/xof7na.png
  • #9,653
  • Jul 10, 2010 1:26pm Jul 10, 2010 1:26pm
Quoting jharvey407
A few years ago I tested these strategies. I found that the signals were generated late and tended to get you into the market just before a reversal.

One strategy I have tested and seen work is a Keltner Channel strat on a lower timeframe chart like the 15m. This will work if you are willing to sit at the computer.

I think Chris's Box Trading strat is the way to go. Mark important SR levels. Wait for a PA signal at SR. Kind of buy at X sell at Y.
Thanks for the tips. Maybe I'll watch a bb inside a donch channel breakout a few times on volatile pairs like gbpjpy but if you've already tested them I won't waste too much time on it.
Position trader - Anything intraweek is just noise...
  • #9,654
  • Jul 10, 2010 2:30pm Jul 10, 2010 2:30pm
Quoting jharvey407
A few years ago I tested these strategies. I found that the signals were generated late and tended to get you into the market just before a reversal.

One strategy I have tested and seen work is a Keltner Channel strat on a lower timeframe chart like the 15m. This will work if you are willing to sit at the computer.

I think Chris's Box Trading strat is the way to go. Mark important SR levels. Wait for a PA signal at SR. Kind of buy at X sell at Y.
It's simple, if nothing else.
  • #9,655
  • Jul 10, 2010 2:31pm Jul 10, 2010 2:31pm
Quoting Low
We have lots of good reasons why most thing positively correlated with US equities could see some more downside, but this chart paints a different picture.

http://i25.tinypic.com/xof7na.png
Horrible thought really.....can you imagine the NZD/USD at .98? That's what this flag would have you believe.

Trouble is: I don't believe it.
  • #9,656
  • Jul 10, 2010 3:27pm Jul 10, 2010 3:27pm
Quoting clockwork71
Horrible thought really.....can you imagine the NZD/USD at .98? That's what this flag would have you believe.

Trouble is: I don't believe it.
I've been watching this myself and have made a couple of trades inside this channel, but have always been watching for a break above.

At what point would be flag be invalidated? A break below?
  • #9,657
  • Jul 10, 2010 3:28pm Jul 10, 2010 3:28pm
Quoting Arfer Daily
Thanks for the tips. Maybe I'll watch a bb inside a donch channel breakout a few times on volatile pairs like gbpjpy but if you've already tested them I won't waste too much time on it.
By all means do as much testing as you need to form your own opinion, and please post your results. I am always eager to hear about the testing of other traders.
  • #9,658
  • Jul 10, 2010 4:55pm Jul 10, 2010 4:55pm
Quoting jharvey407
I've been watching this myself and have made a couple of trades inside this channel, but have always been watching for a break above.

At what point would be flag be invalidated? A break below?
Yes, a break below invalidates the flag completely.
  • #9,659
  • Jul 10, 2010 5:11pm Jul 10, 2010 5:11pm
Quoting clockwork71
Yes, a break below invalidates the flag completely.
yep.
  • #9,660
  • Jul 10, 2010 5:12pm Jul 10, 2010 5:12pm
I also noticed that the aussie closed as a weekly bullish outside bar. I might put a little "feeler trade" long the kiwi just to see if it takes the bait.
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