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Silent Service Method

  • #11,381
  • Edited 8:01am Dec 3, 2010 7:50am | Edited 8:01am
Hi, Chris. Hi, everyone.

Chris, I’m newbie on this and I feel myself too confused about drawing a PPZ and S/R areas. I didn’t used these things before, and I want to learn it. But every time I look at my charts I see so many lines, zone and areas… and I don’t know which of them I have to choose. Sometimes I see them very clearly, but sometimes my mind blow up. Can you clarify it for me, plz? Below my chart with some areas. Are they valid? Or I missed something? Maybe there are some minor lines that had to be plotted? Or all of my lines are scribble?

Which lines or areas would you draw on this chart?

By the way, it's weekly.

P.S. Sorry for my english...
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  • #11,382
  • Dec 3, 2010 7:54am Dec 3, 2010 7:54am
Quoting egkid
Hi Chris
How r u? It's been a while
Was checking what u do while everyone tense waiting the news
U r talking about American football
Well, I would call it soccer, but it would get a comment or two about how it's not called that - even if soccer is a British term.

And besides, World Cup is much more important!

I am attaching a chart of the EUR/USD.....seems it is time to sit and wait to see what it does in the circled area. Might not get there today, but I would love to see it retest the trend line in the next day or two.....

PS - Are you rich yet Samer? Certainly you have doubled your account a few times since we last spoke!
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  • #11,383
  • Edited 8:32am Dec 3, 2010 8:08am | Edited 8:32am
Where is Samer based again? Do you think he paid off Fifa for the Qatari bid so that it comes to the Middle East?

I think Russia has a lot of potential if as you say the bureaucrats do not make is all about theft however I don't have great hopes for that happening. Interesting Vlad Putin stayed at home for the announcement, obviously wanted it considered an arms length transaction for accounting purposes

I have friends living Abu Dhabi, Kuwait and Saudi at the moment and a number in Dubai. They all play golf in airconditioned golf carts in summer because it's not possible to endure 18 holes and still maintain any semblance of concentration in that heat. Some of these guys are born and bred there too. Obviously the whole country is not a desert but it doesn't need to be in that heat.

That 1.3465 area in the EUR looks a nice place for a short to me CW.
  • #11,384
  • Dec 3, 2010 8:14am Dec 3, 2010 8:14am
Quoting clockwork71
Well, I would call it soccer, but it would get a comment or two about how it's not called that - even if soccer is a British term.

And besides, World Cup is much more important!

I am attaching a chart of the EUR/USD.....seems it is time to sit and wait to see what it does in the circled area. Might not get there today, but I would love to see it retest the trend line in the next day or two.....

PS - Are you rich yet Samer? Certainly you have doubled your account a few times since we last spoke!
I was just waiting to hear that from you. excellent work as always
  • #11,385
  • Dec 3, 2010 8:52am Dec 3, 2010 8:52am
Quoting clockwork71
Well, I would call it soccer, but it would get a comment or two about how it's not called that - even if soccer is a British term.

And besides, World Cup is much more important!

I am attaching a chart of the EUR/USD.....seems it is time to sit and wait to see what it does in the circled area. Might not get there today, but I would love to see it retest the trend line in the next day or two.....

PS - Are you rich yet Samer? Certainly you have doubled your account a few times since we last spoke!
CW 1.3350 looks like a PPZ to me on the daily and above, your rising trend line (if you take it from the candle close rather than wick bottom) and the falling trend line from the 1.42+ high to the most recent high around 1.37+ all intersect @ 1.3350-1.3380 area.

Difficult therefore for me to tell if this price action is more likely to be retesting a rising trend line or just retesting a PPZ at the lower level.

Interested in your thoughts on this.

Thanks mate and enjoy your weekend everyone. I can see blue sky and what appears to be a particularly bright light source in the sky (maybe it's that sun thing people speak of......) after days of snow. I am going to check out of trading for the weke shortly.

Cheers!
  • #11,386
  • Edited 10:00am Dec 3, 2010 9:30am | Edited 10:00am
PS - Are you rich yet Samer? Certainly you have doubled your account a few times since we last spoke![/quote]


LOL I wish i could .
i dont trade much my friend these days ,trying to follow what my doctor advised me . I went trough 2 cardiac interventions lately and now i have 4 stents in my heart. so i m taking it easy on trading these days .
hope u are doing all fine , i have seen your latest trades, i think you are the one doubling your account Chris

happy trading
samer
  • #11,387
  • Dec 3, 2010 11:26am Dec 3, 2010 11:26am
Quoting samer960
i dont trade much my friend these days ,trying to follow what my doctor advised me . I went trough 2 cardiac interventions lately and now i have 4 stents in my heart. so i m taking it easy on trading these days .
hope u are doing all fine , i have seen your latest trades, i think you are the one doubling your account Chris
Damn Samer. That sucks. I hope you're doing alright. Take care of yourself.
  • #11,388
  • Dec 3, 2010 12:15pm Dec 3, 2010 12:15pm
Quoting 4xAddict
Where is Samer based again? Do you think he paid off Fifa for the Qatari bid so that it comes to the Middle East?

I think Russia has a lot of potential if as you say the bureaucrats do not make is all about theft however I don't have great hopes for that happening. Interesting Vlad Putin stayed at home for the announcement, obviously wanted it considered an arms length transaction for accounting purposes

I have friends living Abu Dhabi, Kuwait and Saudi at the moment and a number in Dubai. They all play golf in airconditioned golf carts...

Agreed all the way around on those comments!
  • #11,389
  • Dec 3, 2010 12:17pm Dec 3, 2010 12:17pm
Quoting 4xAddict
CW 1.3350 looks like a PPZ to me on the daily and above, your rising trend line (if you take it from the candle close rather than wick bottom) and the falling trend line from the 1.42+ high to the most recent high around 1.37+ all intersect @ 1.3350-1.3380 area.

Difficult therefore for me to tell if this price action is more likely to be retesting a rising trend line or just retesting a PPZ at the lower level.

Interested in your thoughts on this.

Thanks mate and enjoy your weekend everyone. I can see blue sky and what appears to be a particularly...
Honestly, you are over complicating it. (Which is normal for a trader....lol)

Here's the thing: It doesn't matter to me which one of these two are going to prove to be the reason for weakness - just as long as there is one. I might even park the stop behind 1.35 anyway, just so I have both potential areas as protection. (Assuming we get a sell signal.)

Chris
  • #11,390
  • Dec 3, 2010 12:19pm Dec 3, 2010 12:19pm
Quoting samer960
PS - Are you rich yet Samer? Certainly you have doubled your account a few times since we last spoke!

LOL I wish i could .
i dont trade much my friend these days ,trying to follow what my doctor advised me . I went trough 2 cardiac interventions lately and now i have 4 stents in my heart. so i m taking it easy on trading these days .
hope u are doing all fine , i have seen your latest trades, i think you are the one doubling your account Chris

happy trading
samer[/quote]


I am sorry to hear that Samer. Trust me, the trading isn't worth it if it causes any stress at all. Please take care of yourself, I will be thinking of you.

Chris
  • #11,391
  • Dec 3, 2010 12:23pm Dec 3, 2010 12:23pm
Quoting Murzilka
Hi, Chris. Hi, everyone.

[size=3][font=Times New Roman]Chris, I’m newbie on this and I feel myself too confused about drawing a PPZ and S/R areas. I didn’t used these things before, and I want to learn it. But every time I look at my charts I see so many lines, zone and areas… and I don’t know which of them I have to choose. Sometimes I see them very clearly, but sometimes my mind blow up. Can you clarify it for me, plz? Below my chart with some areas. Are they valid? Or I missed something? Maybe there...

To be honest, this looks pretty good to me for S/R lines. As a side note, your zones are almost always going to end with "00" or "50". For example: 1.3100, 1.3250, 1.3300, and 1.3450. Those would be typical zones in the EUR as an example. (Just an example, for demonstration.)

Another thing that tends to happen over and over again in the "10" multiple pairs (where the pip value is $10 a pip, like the AUD/USD, EUR/USD, and NOT the JPY or CHF pairs.) is that they seem to like to find major S/R at the 500 pip mark. For example, EUR/USD has 1.30, 1.35, and 1.40 as major areas on the weekly chart.

Like I said, your's looks good! Welcome to the thread.

Chris
  • #11,392
  • Dec 3, 2010 12:48pm Dec 3, 2010 12:48pm
Chris,

Unless we get a substantial EOD sell-off, I'll be buying the euro next week.

Nice bullish weekly pin, closing above the TL.
  • #11,393
  • Dec 4, 2010 7:56am Dec 4, 2010 7:56am
Quoting Low
Chris,

Unless we get a substantial EOD sell-off, I'll be buying the euro next week.

Nice bullish weekly pin, closing above the TL.
I would wait to see what happens at 1.35 myself.....but I am kinda interested in the EUR/CAD weekly as well
  • #11,394
  • Dec 4, 2010 2:27pm Dec 4, 2010 2:27pm
Quoting clockwork71
I should say that Russia makes sense as there are several major cities, but June in Qatar is over 100F degrees! (And there is only one major city in that country.)
Seeing how these sorts of things are usually (in reality) decided by who is the best at bribing and providing coke and lady company to the so called delegates, Russia makes perfect sense.

Quoting clockwork71
I remember in 1994 being in Orlando with a bunch of Dutch and Irish fans. It was roughly 95 degrees, and they were passing out everywhere and whining like pansies. I cannot imagine what it is going to be like at 110! I can only imagine what sides like Ireland and Sweden are going to do.
Hmm, yes, how did Sweden do in the hottest WC in modern times...? (that would be US 94)
  • #11,395
  • Dec 4, 2010 6:49pm Dec 4, 2010 6:49pm
First of all I would like to say hello and thanks at the same time to clockwork. I took some time out reading this whole wonderful thread. I really enjoyed whatever you wrote. I am looking forward to contributing on your thread and here is my First one (people watching let me know what you think)
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  • #11,396
  • Dec 4, 2010 8:19pm Dec 4, 2010 8:19pm
Hello Sir
When i see your charts they look excellent and keeps bringing a question in my mind on how do you infer the trade to be a runner or a trade to take quick profits. Like in my previous post how do I know whether to take quick profits. I mean how do I set big targets. I don't get troubles bagging 50-100 pips in a trade but when I see the run that followed it makes me feel bad about closing the position.

Sir I know that you are the mogul of runners at forex factory. Please arrive soon for the help

It would be excellent if you could show it with EUR/USD as an example because it would help me setting my big targets
Regards
PZ
  • #11,397
  • Dec 4, 2010 9:29pm Dec 4, 2010 9:29pm
The blog has been updated with video, podcast, and chart of the week.....
  • #11,398
  • Dec 4, 2010 9:32pm Dec 4, 2010 9:32pm
Quoting o990l6mh
Seeing how these sorts of things are usually (in reality) decided by who is the best at bribing and providing coke and lady company to the so called delegates, Russia makes perfect sense.



Hmm, yes, how did Sweden do in the hottest WC in modern times...? (that would be US 94)
The truly funny thing is that Sweden had a player named Dahlin that looked like OJ Simpson. That was right after OJ had that whole, "oops I killed my wife and had a wired standoff" thing.

I remember being at games where they would show highlights on the big screens form Swedish games and the crowd would chant "OJ! OJ! OJ!" every time they showed him. It was an absolute riot.

And Sweden had a great team that year. I didn't get a chance to see them though.

I was stuck seeing Switzerland/USA, Holland/Ireland, Holland/Saudi Arabia, Holland/Brazil, Belgium/Germany, and Ireland/Italy if I remember correctly.....

Good times.
  • #11,399
  • Dec 5, 2010 1:19pm Dec 5, 2010 1:19pm
Charts
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  • #11,400
  • Dec 5, 2010 2:46pm Dec 5, 2010 2:46pm
Quoting clockwork71
The truly funny thing is that Sweden had a player named Dahlin that looked like OJ Simpson. That was right after OJ had that whole, "oops I killed my wife and had a wired standoff" thing.

I remember being at games where they would show highlights on the big screens form Swedish games and the crowd would chant "OJ! OJ! OJ!" every time they showed him. It was an absolute riot.

And Sweden had a great team that year. I didn't get a chance to see them though.

I was stuck seeing Switzerland/USA, Holland/Ireland, Holland/Saudi Arabia, Holland/Brazil,...
Want to see what "OJ" is up to these days?

http://www.dahlin.nu/#/livingroom/

Shoes and shirts... all athletes must have a retirement plan huh
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