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Silent Service Method

  • #13,321
  • Dec 28, 2011 2:04am Dec 28, 2011 2:04am
Nice Video!

Had missed the H&S on the higher TF.

Cheers
  • #13,322
  • Dec 28, 2011 10:06am Dec 28, 2011 10:06am
Thanks for the compliment. I am going to try and do more of those videos in the future. It's a bit hard as I am a full-time student, run the sites, work for a few different firms doing technical analysis, etc, etc.


Chris
  • #13,323
  • Dec 28, 2011 10:07am Dec 28, 2011 10:07am
BTW everyone......

I want you to keep in mind this move in the EUR/USD was done in low volume. The real test is going to be at 1.29, as I have the 1.30 level as 100 pips thick.
  • #13,324
  • Dec 28, 2011 3:51pm Dec 28, 2011 3:51pm
New video......
  • #13,325
  • Dec 29, 2011 2:44pm Dec 29, 2011 2:44pm
Amazing....the EUR/USD falls below the 1.29 level, but doesn't close there. Still don't have my "pile on and kill the Euro" signal yet. In fact, this looks like a decent hammer for a bounce......

Defying gravity yet again.
  • #13,326
  • Dec 29, 2011 3:19pm Dec 29, 2011 3:19pm
Quoting clockwork71
Amazing....the EUR/USD falls below the 1.29 level, but doesn't close there. Still don't have my "pile on and kill the Euro" signal yet. In fact, this looks like a decent hammer for a bounce......

Defying gravity yet again.
Just all part of the usual retracement silliness. Give me 3022 min and i'm all in.
  • #13,327
  • Dec 29, 2011 8:10pm Dec 29, 2011 8:10pm
Quoting Venice
Just all part of the usual retracement silliness. Give me 3022 min and i'm all in.
My suspicion is that we will see a drift higher, then the flush in January......of course, I have been waiting for that exact move for a few now....
  • #13,328
  • Dec 30, 2011 2:11am Dec 30, 2011 2:11am
It's good to see this thread active.enjoying it all, keep it up!
  • #13,329
  • Dec 30, 2011 10:04am Dec 30, 2011 10:04am
Quoting jlmac27
It's good to see this thread active.enjoying it all, keep it up!
As best I can.........not much going on right now.

Of course, there is that shooting star on the yearly chart of the EUR/USD.

Chris
  • #13,330
  • Dec 30, 2011 5:38pm Dec 30, 2011 5:38pm
Thats a big pin....lol.could be a decent move.How you going to play that if it triggers?where would you put a stop?
  • #13,331
  • Dec 31, 2011 8:36am Dec 31, 2011 8:36am
Quoting jlmac27
Thats a big pin....lol.could be a decent move.How you going to play that if it triggers?where would you put a stop?
I would use it for direction bias only......would base the sell order off of shorter time frames, probably weekly or daily.
  • #13,332
  • Jan 2, 2012 2:26pm Jan 2, 2012 2:26pm
Great stuff.

I have been a silent reader and wanted to say thank you and a happy new year!
  • #13,333
  • Jan 2, 2012 2:52pm Jan 2, 2012 2:52pm
Since the liquidity is low, I think this trade should be on demo or where does price will go exercise.

10H TF gave us a nice short single.

26.2$ - 26.5$ which is last low is first place to watch.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver 10H TF.png Size: 20 KB
  • #13,334
  • Jan 2, 2012 10:01pm Jan 2, 2012 10:01pm
Quoting Naked Trader
Since the liquidity is low, I think this trade should be on demo or where does price will go exercise.

10H TF gave us a nice short single.

26.2$ - 26.5$ which is last low is first place to watch.
Silver is a funny thing really. While there could be an argument for higher gold prices due to printing in Europe and the United States the year - silver has the added function of being an industrial metal. In fact, it is probably more important in industry than precious metals. If there is a slowdown, silver will often fall while gold could rise. (Depending on the situation.) I personally don't like silver on the whole going forward. However, I live in America, and this means I can only trade it via the SLV ETF, or futures. (Silver futures are volatile enough to make you absolutely puke....)

So while I am not really trading my opinion, I think down is the road forward.
  • #13,335
  • Jan 3, 2012 5:18am Jan 3, 2012 5:18am
Quoting clockwork71
Silver is a funny thing really. While there could be an argument for higher gold prices due to printing in Europe and the United States the year - silver has the added function of being an industrial metal. In fact, it is probably more important in industry than precious metals. If there is a slowdown, silver will often fall while gold could rise. (Depending on the situation.) I personally don't like silver on the whole going forward. However, I live in America, and this means I can only trade it via the SLV ETF, or futures. (Silver futures are...
Hey Chris,

Any reason you think it failed?

Can we connect it to the low liquidity?

If it was up to you, in regular days, would have you taken it?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: silver 10h tf.gif Size: 18 KB
  • #13,336
  • Jan 3, 2012 5:55am Jan 3, 2012 5:55am
Quoting Naked Trader
Hey Chris,

Any reason you think it failed?

Can we connect it to the low liquidity?

If it was up to you, in regular days, would have you taken it?

Thanks
There is engulfing pattern near support (strength). Moving on, your upthrust kind of bar wasn't confirmed (next bar is up).
  • #13,337
  • Jan 3, 2012 5:58am Jan 3, 2012 5:58am
Quoting Naked Trader
Hey Chris,

Any reason you think it failed?

Can we connect it to the low liquidity?

If it was up to you, in regular days, would have you taken it?

Thanks
I am not an expert but my take on it would be that there is a strong support at $26 so I would wait until price breaks this level before looking at selling silver.

Thanks
Guiom
Attached Image (click to enlarge)
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  • #13,338
  • Jan 3, 2012 8:13am Jan 3, 2012 8:13am
Quoting Naked Trader
Hey Chris,

Any reason you think it failed?

Can we connect it to the low liquidity?

If it was up to you, in regular days, would have you taken it?

Thanks
No. I hate trading silver period......I would have never taken the trade because of that reason alone.......as far as liquidity - maybe.
  • #13,339
  • Jan 3, 2012 8:15am Jan 3, 2012 8:15am
Quoting guiomdetalle
I am not an expert but my take on it would be that there is a strong support at $26 so I would wait until price breaks this level before looking at selling silver.

Thanks
Guiom
Based upon this chart, I would say it is more of a "dead cat bounce" from here, at least until we get a higher high......but the bounce makes sense looking at it on this chart. Good eye G.....
  • #13,340
  • Jan 4, 2012 10:18pm Jan 4, 2012 10:18pm
No chart right now, but is EURUSD consider 2 day PB?
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