Silent Service Method | Page 534 | 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

  • #10,661
  • Sep 9, 2010 7:01am Sep 9, 2010 7:01am
Quoting InfinitySL
Oh geez... anyone else reading this:
http://www.forexfactory.com/showthread.php?t=254552

Yeah, I read this thread. I have chosen not to get involved, as you can see what that has done for Jim in the past.

As someone in my/our position, there is no "win" in engaging this kind of attack.
  • #10,662
  • Sep 9, 2010 7:04am Sep 9, 2010 7:04am
Not a call here, but more like an observation.....since AUD will more often than not follow gold.....it makes sense we are seeing these two charts at the same time.

.94 is huge
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.png Size: 38 KB
Click to Enlarge Name: AUD.png Size: 34 KB
  • #10,663
  • Sep 9, 2010 7:10am Sep 9, 2010 7:10am
Quoting clockwork71
Yeah, I read this thread. I have chosen not to get involved, as you can see what that has done for Jim in the past.

As someone in my/our position, there is no "win" in engaging this kind of attack.
Certainly not. It's just irrelevant noise, best ignored.
  • #10,664
  • Sep 9, 2010 12:45pm Sep 9, 2010 12:45pm
here u go DOCTOR .
Happy trading
Samer
Quoting o990l6mh
Thank you FXAddict!

I thought I only needed 4 vouches to be able to rate threads but it seems I still can't. Hmm. Bummer. Well, when I do get enough of them I know what my first task will be!

.
  • #10,665
  • Sep 9, 2010 12:57pm Sep 9, 2010 12:57pm
Quoting o990l6mh
Certainly not. It's just irrelevant noise, best ignored.

I need a filling...what's a vouch worth to you?
  • #10,666
  • Sep 9, 2010 2:03pm Sep 9, 2010 2:03pm
I am watching the S&P500 and Dow both have dropped much of their gains from the morning. I have a theory that it is because of the knee-jerk reaction to the "less bad than expected" initial job claims.

Imagine that. I really think it has become crystal clear it's about jobs - and not much else.
  • #10,667
  • Sep 9, 2010 2:31pm Sep 9, 2010 2:31pm
I'm looking at this setup on EUR/GBP... if tomorrow doesn't bring any surprises, looks like a counter-trend trade from the 8200 line. I like that we've gone up and retested this recently too. Pin bar would certainly help but haven't seen that yet.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP_daily.JPG Size: 64 KB
Disregard all prognostications.
  • #10,668
  • Sep 9, 2010 2:39pm Sep 9, 2010 2:39pm
Quoting Low
I need a filling...what's a vouch worth to you?
No charge for Silent Service peeps of course!

Thanks for the vouch!
  • #10,669
  • Sep 9, 2010 2:40pm Sep 9, 2010 2:40pm
Quoting samer960
here u go DOCTOR .
Happy trading
Samer
Thank you kindly!
  • #10,670
  • Sep 9, 2010 3:59pm Sep 9, 2010 3:59pm
http://www.zerohedge.com/article/nin...estimates-data

aaaaaaahahahahahahahhahhaahha!

Making up the figures, incredible!
  • #10,671
  • Sep 9, 2010 4:15pm Sep 9, 2010 4:15pm
Quoting 4xAddict
http://www.zerohedge.com/article/nin...estimates-data

aaaaaaahahahahahahahhahhaahha!

Making up the figures, incredible!

No man, it's all good.

I only "hired" 7 extra workers for my Ohio State gig this month, but they were temporary workers.

But I "saved" 3.1 million jobs! lol
  • #10,672
  • Sep 9, 2010 4:16pm Sep 9, 2010 4:16pm
Quoting Pidgeon
I'm looking at this setup on EUR/GBP... if tomorrow doesn't bring any surprises, looks like a counter-trend trade from the 8200 line. I like that we've gone up and retested this recently too. Pin bar would certainly help but haven't seen that yet.

I like the way you are thinking, but I would offer a little advice:

Wait until Friday closes, and see what the week's bar looks like.....since there is no real reason to get in on a trade at say.....2pm NY time on a Friday.

Chris
  • #10,673
  • Sep 9, 2010 5:40pm Sep 9, 2010 5:40pm
A few notes here:

1) These are all reversals.

2) The gray elipses are where I would hide my stops behind.

3) The blue rectangles are for the most part targets, with a few exceptions.

4) The Chf/Jpy is something I've been interested in for a bit, but then there's TLC's prospective weekly cup 'n handle if we reach 76.60. we'll see what happens.

5) The Gbp/Nzd is something I've already posted many times, this is yet another chance to get long at the same price level as my last 2 tries. One was profitable, the other BE.

6) The Gbp/Nzd and Usd/Jpy are both buy 'n holds.

7) I would really like to see a better shake-out on the Usd/Chf before buying, maybe a strong defense at parity.

8) Lastly, trading all of these would be foolish, since in many cases you would be doubling or tripling your risk, for what is, essentially, the same move.

And the charts:

http://i54.tinypic.com/10yn9jm.png

http://i53.tinypic.com/el5gnt.png

http://i52.tinypic.com/30vndhz.png

http://i52.tinypic.com/2hn9sno.png

http://i53.tinypic.com/11hfdqh.png
  • #10,674
  • Sep 9, 2010 5:41pm Sep 9, 2010 5:41pm
http://i55.tinypic.com/zufcyg.png

http://i56.tinypic.com/5yffjm.png

http://i54.tinypic.com/jq5jqq.png

http://i55.tinypic.com/142ua29.png
  • #10,675
  • Sep 9, 2010 8:18pm Sep 9, 2010 8:18pm
I actually would favor the NZD/JPY out of all of them. It's a box trade in my opinion.
  • #10,676
  • Sep 10, 2010 3:21pm Sep 10, 2010 3:21pm
Enjoy the weekend everyone.

Hope it was a profitable week.

Cheers, 4x.
  • #10,677
  • Sep 10, 2010 5:00pm Sep 10, 2010 5:00pm
Pretty slow week, nothing caught my attention. My guess is the big money is not sure which side to place their bets. I was hopeful after Labor Day things would pick up. I fear things may not pick-up under decisions are made regarding Obama's economic plan and then how the elections will turn out.

Maybe if the Swiss Bank or Japanese Bank get involved we will get some movement before Obama's plans/election time.
  • #10,678
  • Sep 10, 2010 5:20pm Sep 10, 2010 5:20pm
Quoting unlv_tj
Pretty slow week, nothing caught my attention. My guess is the big money is not sure which side to place their bets. I was hopeful after Labor Day things would pick up. I fear things may not pick-up under decisions are made regarding Obama's economic plan and then how the elections will turn out.

Maybe if the Swiss Bank or Japanese Bank get involved we will get some movement before Obama's plans/election time.
The talking heads were busy giving excuses that it was a short week. I even heard one suggest that traders stayed up too late watching the Vikings and Saints game last night!

I am wondering if low volume might be the norm? I mean, the average Joe isn't involved still.....
  • #10,679
  • Sep 10, 2010 5:26pm Sep 10, 2010 5:26pm
Quoting clockwork71

I am wondering if low volume might be the norm? I mean, the average Joe isn't involved still.....

Some of the big boys have already began dismantling their prop trading units as per the new Frank-Dodd legislation too. See the article I posted a few pages back.
  • #10,680
  • Sep 10, 2010 5:57pm Sep 10, 2010 5:57pm
I figured the average Joe consisted of such a small portion of the market, and many trades last for only seconds, that such legislation/economic turmoil would not really greatly effect the markets.
12 traders viewing now