Silent Service Method | Page 542 | 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

  • #10,821
  • Sep 27, 2010 4:13pm Sep 27, 2010 4:13pm
Quoting clockwork71
A very special thank you to all of you.......


This thread has hit the 1 million view mark.
Keep the great work
thanks
  • #10,822
  • Sep 27, 2010 7:29pm Sep 27, 2010 7:29pm
Nice example of a 2 day pinbar on the CFD for Soybeans......
Attached Image (click to enlarge)
Click to Enlarge Name: beans.png Size: 46 KB
  • #10,823
  • Sep 28, 2010 8:03am Sep 28, 2010 8:03am
I have closed out the EUR/CHF trade for the moment.....mainly because I have shorted EUR/USD. (Although I am going to be watching for a long in that EUR/CHF pair....)

I figured it was worth a try, based on the fact that 1.35 seems to be a brick wall. Oh, and it is a 50% retrace as shown on the chart....I figure that either we will go down a ways, or it will be like a beach ball that's held under water - it will break above 1.35 and rocket straight up.

The great thing about this is that it is a "binary trade", meaning it is either good or not, and if it's not - we go to 1.40.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 34 KB
  • #10,824
  • Sep 28, 2010 1:15pm Sep 28, 2010 1:15pm
Quoting clockwork71
I have closed out the EUR/CHF trade for the moment.....mainly because I have shorted EUR/USD. (Although I am going to be watching for a long in that EUR/CHF pair....)

I figured it was worth a try, based on the fact that 1.35 seems to be a brick wall. Oh, and it is a 50% retrace as shown on the chart....I figure that either we will go down a ways, or it will be like a beach ball that's held under water - it will break above 1.35 and rocket straight up.

The great thing about this is that it is a "binary trade", meaning it is either good or not,...
Alright, so which one of you douchebags pushed the EUR up while I was at work??????

  • #10,825
  • Sep 28, 2010 1:48pm Sep 28, 2010 1:48pm
Quoting clockwork71
Alright, so which one of you douchebags pushed the EUR up while I was at work??????

I didn't do it. -Bart


So, now we can buy EUR and watch it go up to 1.40 !! Yee!!
A small retrace might be nice first.
Disregard all prognostications.
  • #10,826
  • Sep 28, 2010 2:10pm Sep 28, 2010 2:10pm
I pointed out this two-day pin yesterday.....nice move down.
Attached Image (click to enlarge)
Click to Enlarge Name: beans.png Size: 60 KB
  • #10,827
  • Sep 28, 2010 2:11pm Sep 28, 2010 2:11pm
Quoting Pidgeon
I didn't do it. -Bart


So, now we can buy EUR and watch it go up to 1.40 !! Yee!!
A small retrace might be nice first.
I would wait for a retest if we get it. Although, the Fed is absolutely dead set on killing our currency - so who knows?
  • #10,828
  • Sep 28, 2010 3:41pm Sep 28, 2010 3:41pm
Quoting clockwork71
I would wait for a retest if we get it. Although, the Fed is absolutely dead set on killing our currency - so who knows?
Are they really killing the USD, or just propping equities and home values?

During the crash of '87 approximately 20% of Americans were invested in stock markets. Today that figure is around 70%, through 401K's, mutual funds and any vehicles they may actively manage.

Funny that people are more concerned about losing their past earnings and gains through stock market/housing value declines, than they are about losing their future earnings through reduced purchasing power.

The FED is officially a populist body. Creating economic structures that will please the uninformed in the short term.
  • #10,829
  • Sep 28, 2010 4:03pm Sep 28, 2010 4:03pm
Quoting clockwork71
I pointed out this two-day pin yesterday.....nice move down.

Good stuff,

Can I ask which contract that is, and which charting i guess, my chart looks very different, I pulled it up in IB.

thanks

EDIT: Oh I see, yours is CFD, I pulled up the Futures contract in IB, which charting is that so I can go have a look myself, thanks.
  • #10,830
  • Sep 28, 2010 6:46pm Sep 28, 2010 6:46pm
Quoting Mr Smith
Good stuff,

Can I ask which contract that is, and which charting i guess, my chart looks very different, I pulled it up in IB.

thanks

EDIT: Oh I see, yours is CFD, I pulled up the Futures contract in IB, which charting is that so I can go have a look myself, thanks.
It's a CFD chart from AVAFX.....
  • #10,831
  • Sep 28, 2010 6:48pm Sep 28, 2010 6:48pm
Quoting Low
Are they really killing the USD, or just propping equities and home values?

During the crash of '87 approximately 20% of Americans were invested in stock markets. Today that figure is around 70%, through 401K's, mutual funds and any vehicles they may actively manage.

Funny that people are more concerned about losing their past earnings and gains through stock market/housing value declines, than they are about losing their future earnings through reduced purchasing power.

The FED is officially a populist body. Creating economic structures that...

Truthfully, I think that if I had it to do all over again, I would not have learned this much about trading and economics. I know that doesn't sound quite right for the thread originator to say....but the more I understand - the more I want to move to Switzerland. Or Canada. Or Australia. Or Brazil.

Yeah, Brazil sounds the most interesting of the bunch.....
  • #10,832
  • Sep 28, 2010 7:21pm Sep 28, 2010 7:21pm
Quoting clockwork71

Yeah, Brazil sounds the most interesting of the bunch.....
I was in Argentina 2 yrs ago for...nicest freaking people in the world. I could stay there almost indefinitely. If I woke up at 9 am, London was still open and NY opened around noon....way better than PST.
  • #10,833
  • Sep 29, 2010 6:20am Sep 29, 2010 6:20am
Quoting Low
I was in Argentina 2 yrs ago for...nicest freaking people in the world. I could stay there almost indefinitely. If I woke up at 9 am, London was still open and NY opened around noon....way better than PST.
Yea, my roommate goes to Brazil for a month every winter for Carnival. Sounds like paradise on earth. If you have $1,000,000, in Brazil you would be a king, and the life is beyond anything you can find in the USA.

We work so hard, killing ourselves, for pretty measily lives. The great thing about the USA is the opportunity to improve yourself. You don't have that any where else in the world. Sadly, our politicians keep trying to remove this, so the ultra rich can become like royalty.
  • #10,834
  • Sep 29, 2010 7:00am Sep 29, 2010 7:00am
Volume. I see it just won't pick up. There is a lot of chatter that maybe it's Wall Street waiting for the elections to get finalized, but do you honestly believe that?

There are a lot of theories out there, including but not limited to:

 

  1. Regulatory fears in the USA
  2. The elections
  3. Wondering about tax hikes on capital gains
  4. General fear of the economy
  5. Wall Street is being seen more and more as "rigged"

Personally, I think all of the above come into the picture, but I have to wonder if we are going to see volume anytime soon.

If appears that the Baby Boomers are gone, and quite frankly I don't blame them. They have been burnt twice in the last two years. I heard someone say on the tv the other day that "They will be back when they realize they can't reach their retirement goals without the stock market." What a typical NY-insulated thing to say. He doesn't understand - a lot of them aren't going to either way!

The problem that comes next, is my generation isn't big enough to fill the gap when the Baby Boomers walk away. The next generation is, but that's a while before they get here, and to be honest - I don't think they will be eager to do it. They have always known bubbles.

NY has been trading using computer aided trades, and the speed is moronic at this point. This is another reason why people are walking away. Who wants to try and compete in a market where jackasses are flipping stock 1,500 times a nanosecond? 80% of the volume at the NYSE is now this kind of ridiculousness.

I think Wall Street has really screwed itself. Unless the exchanges can let go of all of that extra commission from the flippers, the public will stay away. I think most people understand stocks are broke. They might not actually be, but its perception that matters.

  • #10,835
  • Sep 29, 2010 7:49am Sep 29, 2010 7:49am
Quoting clockwork71
Volume. I see it just won't pick up. There is a lot of chatter that maybe it's Wall Street waiting for the elections to get finalized, but do you honestly believe that?

There are a lot of theories out there, including but not limited to:

 

  1. Regulatory fears in the USA
  2. The elections
  3. Wondering about tax hikes on capital gains
  4. General fear of the economy
  5. Wall Street is being seen more and more as "rigged"

Personally, I think all of the above come into the picture, but I have to wonder if we are going to see volume anytime...

Very well said...I see it the same way
  • #10,836
  • Sep 29, 2010 9:16am Sep 29, 2010 9:16am
Quoting clockwork71
I pointed out this two-day pin yesterday.....nice move down.
I shoulda paid more attention to this (Your note on soybeans). This is not helping my DBA long position...

But to your point about this market being controlled by machines / low volume, etc... sadly, i'm beginning to come around to this view as well. Take a look at this stock that I was considering playing a breakout on. AIRM (Air Methods). Granted it's a smaller stock, less trading activity to begin with but just look at this manipulation:

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-09-29 AIRM-Open.png Size: 44 KB


How does that give anyone confidence to buy into this market? (similar move happened in AAPL yesterday -- 20 point drop for about 5mins, then only down 2pts).
  • #10,837
  • Sep 29, 2010 10:22am Sep 29, 2010 10:22am
Quoting InfinitySL
I shoulda paid more attention to this (Your note on soybeans)....
This is like the "flash crash", if you see a sudden move for no apparent reason in a stock, it is almost like you are better off fading the move, as I believe most machines are playing it from a "overbought/oversold" position.
  • #10,838
  • Sep 29, 2010 3:29pm Sep 29, 2010 3:29pm
Quoting clockwork71

Yeah, Brazil sounds the most interesting of the bunch.....
The soccer addict has spoken!
  • #10,839
  • Sep 29, 2010 3:34pm Sep 29, 2010 3:34pm
Here is a chart that shows bullishness in the UK. It is of the FTSE 100 Index, and it shows that 5,500 is holding as support - a good sign. I noticed this today as I was writing articles for a client, 100ftse.com
Attached Image (click to enlarge)
Click to Enlarge Name: ftse.png Size: 62 KB
  • #10,840
  • Sep 29, 2010 3:46pm Sep 29, 2010 3:46pm
Quoting clockwork71
Here is a chart that shows bullishness in the UK. It is of the FTSE 100 Index, and it shows that 5,500 is holding as support - a good sign. I noticed this today as I was writing articles for a client, 100ftse.com
As I'm reviewing the charts tonight I'm finding that virtually all forex pairs are trending quite strongly at the moment - no retracements to get on board.

Only exception really seems to be NZDJPY where the 4H has an interesting shape. USDJPY also catches my attention as the markets seem intent on testing the resolve of the BOJ. Will be interesting to see at which level they intervene next time (I'm assuming there will be a next time in the not so distant future unless something or other comes along and does the job for them).
11 traders viewing now