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Silent Service Method

  • #11,401
  • Dec 5, 2010 5:53pm Dec 5, 2010 5:53pm
Quoting o990l6mh
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

Nice, I applaud it. It's something totally different than football, which shows a certain amount of growth as a person. I looked - seems there is no online ordering. Too bad - I was going to buy something to show my support.

Thanks for posting this.....I always liked him.

Chris
  • #11,402
  • Dec 5, 2010 5:55pm Dec 5, 2010 5:55pm
Quoting pn1
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)
Welcome to the thread!

I have to admit, my charts look very similar.....minus the RSI - I tend to use MACD, but it essentially shows the same thing.....

I am waiting to see what 1.35 holds for the Euro myself. Nothing has been taken care of in the long run in Europe......so we will see.

Chris
  • #11,403
  • Dec 5, 2010 5:57pm Dec 5, 2010 5:57pm
Quoting o990l6mh
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

Oh yeah....here is OJ Simpson at the time.....lol. I read an article with Dahlin that it took him a week to understand what in the hell people were saying to him - he had never heard of "The Juice".
Attached Image (click to enlarge)
Click to Enlarge Name: OJ-Simpson.jpg Size: 55 KB
  • #11,404
  • Dec 5, 2010 6:01pm Dec 5, 2010 6:01pm
Quoting pn1
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...

You are going to hate the first part of this answer, but here goes: It comes from experience. It's only a matter of watching the charts for long enough.

However, there are a couple of "keys" that you can watch out for. Mainly, take a look at every 500 pips on a weekly chart for the majors. I am finding more and more that the weekly charts are actually pretty damn good indicators.

If you get a pinbar at a major level - like a 500 pip one......on the weekly or even the monthly - to me it means more, therefore I am wanting to give it room to run. Of course, it's not 100% effective, but nothing is.

Another thing you want to keep in mind is which way is the trend running? If you are going with the weekly or monthly trend - it's more likely to run for you.

As far as the next level for EUR....... I have it at 1.30.

Chris
  • #11,405
  • Dec 6, 2010 12:47am Dec 6, 2010 12:47am
Pattern of PA - DBHLC on the daily timeframe on a weekly support 0.9500.
Like and came up resistance, but do not want to close the deal as
Last week at the closing gave two weeks Pin Bar.
Attached Image (click to enlarge)
Click to Enlarge Name: 6a h1 06122010(d1).gif Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 6a h1 06122010(w1).gif Size: 13 KB
  • #11,406
  • Dec 6, 2010 4:19am Dec 6, 2010 4:19am
For those of you looking to take advantage of cheap housing prices in the US...here's and idea:

http://news.yahoo.com/s/ap/us_unabomber_property
  • #11,407
  • Dec 6, 2010 4:21am Dec 6, 2010 4:21am
Quoting KOleg67
Pattern of PA - DBHLC on the daily timeframe on a weekly support 0.9500.
Like and came up resistance, but do not want to close the deal as
Last week at the closing gave two weeks Pin Bar.
Attachment
Attachment
I think you meant - DLHC - Double Low High close. But one thing I would warn against: If you look a couple weeks ago we also had a two bar pinbar in the bearish pattern......

When this happens, it can mean consolidation.....as the majority of people have no idea what to do.

Just a thought.....
  • #11,408
  • Dec 6, 2010 4:23am Dec 6, 2010 4:23am
For your entertainment: Trader job listings...

http://www.placingtraders.com/
  • #11,409
  • Dec 6, 2010 5:11am Dec 6, 2010 5:11am
Quoting clockwork71
I think you meant - DLHC - Double Low High close. But one thing I would warn against: If you look a couple weeks ago we also had a two bar pinbar in the bearish pattern......

When this happens, it can mean consolidation.....as the majority of people have no idea what to do.

Just a thought.....
Yes, you're right - only I know DBLHС -Double BAR Low High Clos - above.
Here I am deep in thought - close / not close.
  • #11,410
  • Dec 6, 2010 5:14am Dec 6, 2010 5:14am
Quoting clockwork71
Welcome to the thread!

I have to admit, my charts look very similar.....minus the RSI - I tend to use MACD, but it essentially shows the same thing.....

I am waiting to see what 1.35 holds for the Euro myself. Nothing has been taken care of in the long run in Europe......so we will see.

Chris
Thanks for your response CW. As far as RSI is concerned, even I don't use it that often. It is just a complimentary tool to the S/R.
Regards
PZ
  • #11,411
  • Dec 6, 2010 5:24am Dec 6, 2010 5:24am
Quoting clockwork71
You are going to hate the first part of this answer, but here goes: It comes from experience. It's only a matter of watching the charts for long enough.

However, there are a couple of "keys" that you can watch out for. Mainly, take a look at every 500 pips on a weekly chart for the majors. I am finding more and more that the weekly charts are actually pretty damn good indicators.

If you get a pinbar at a major level - like a 500 pip one......on the weekly or even the monthly - to me it means more, therefore I am wanting to give it room...
Yes you are right, I did not like the first part but the second part was excellent. I do have the BRNs(500 levels) marked on my charts. As far as the pinbar thing is concerned do you wait for a pinbar to form on the weekly and monthlies or on lower time frames(the daily and 4 hr especially) as you mentioned in posts of your thread.
Right now there is pin of EUR/USD weekly makes it to the 1.35 level and a short from there.
Regards
PZ
  • #11,412
  • Dec 6, 2010 5:30am Dec 6, 2010 5:30am
Quoting pn1
Charts
Still waiting for price to come to my zone.
  • #11,413
  • Dec 6, 2010 7:04am Dec 6, 2010 7:04am
Cotton Breaks zone s/r 129/130$.
Returned for retest, and draws on a chart pin.
Attached Image (click to enlarge)
Click to Enlarge Name: ct h1 06122010(h4).gif Size: 16 KB
  • #11,414
  • Dec 6, 2010 7:26am Dec 6, 2010 7:26am
Quoting pn1
Yes you are right, I did not like the first part but the second part was excellent. I do have the BRNs(500 levels) marked on my charts. As far as the pinbar thing is concerned do you wait for a pinbar to form on the weekly and monthlies or on lower time frames(the daily and 4 hr especially) as you mentioned in posts of your thread.
Right now there is pin of EUR/USD weekly makes it to the 1.35 level and a short from there.
Regards
PZ

I don't consider it an actual pinbar until close of the bar, no matter what the time frame.

Trust me - a lot of the losses I used to take in the markets normally involved doing just that......lol
  • #11,415
  • Dec 6, 2010 7:27am Dec 6, 2010 7:27am
Quoting KOleg67
Cotton Breaks zone s/r 129/130$.
Returned for retest, and draws on a chart pin.
Attachment
Very interesting chart indeed. Cotton has been absolutely on fire this year too......
  • #11,416
  • Dec 6, 2010 8:29am Dec 6, 2010 8:29am
Quoting clockwork71
I don't consider it an actual pinbar until close of the bar, no matter what the time frame.

Trust me - a lot of the losses I used to take in the markets normally involved doing just that......lol
You misunderstood me CW. There is actually a pinbar on the weekly which is for previous week. The bar next to it is just above the left eye.
  • #11,417
  • Dec 6, 2010 9:28am Dec 6, 2010 9:28am
Hi All,

This piece of comedy gold was taken from a letter from one of those online cash for gold companies currently helping the least fortunate in society hawk their family jewels for cents on the dollar.

http://www.zerohedge.com/article/cas...ous-side-story

Enjoy
  • #11,418
  • Dec 7, 2010 12:44am Dec 7, 2010 12:44am
Price went to the BRN 11400 and the figure is a doji, IB - I think we go down
If the breakdown up, we'll wait retest this level
Attached Image (click to enlarge)
Click to Enlarge Name: ym z1 07122010(d1).gif Size: 16 KB
  • #11,419
  • Dec 7, 2010 12:47am Dec 7, 2010 12:47am
Quoting pn1
You misunderstood me CW. There is actually a pinbar on the weekly which is for previous week. The bar next to it is just above the left eye.

Sorry about that.....the pinbar that you mention is also right at resistance, so I wouldn't want to buy......
  • #11,420
  • Dec 7, 2010 12:49am Dec 7, 2010 12:49am
Quoting 4xAddict
Hi All,

This piece of comedy gold was taken from a letter from one of those online cash for gold companies currently helping the least fortunate in society hawk their family jewels for cents on the dollar.

http://www.zerohedge.com/article/cas...ous-side-story

Enjoy
That's a riot! I can't believe they even wasted the time to explain it all to him!
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