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Silent Service Method

  • #15,061
  • Jan 7, 2013 12:40pm Jan 7, 2013 12:40pm
EU short (I know this is not a trade CW takes...)

Fib38
DTL
weekly pivot
R

tight SL=15 pips
TP=1.2750
Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 166 KB
  • #15,062
  • Jan 7, 2013 2:21pm Jan 7, 2013 2:21pm
Quoting Forexgogo
EU short (I know this is not a trade CW takes...)

Fib38
DTL
weekly pivot
R

tight SL=15 pips
TP=1.2750
With a trade like this - it only takes one or two of them to clean up........not a bad one to consider truth be known.
  • #15,063
  • Jan 7, 2013 2:38pm Jan 7, 2013 2:38pm
Quoting clockwork71
With a trade like this - it only takes one or two of them to clean up........not a bad one to consider truth be known.
Thanks!
  • #15,064
  • Jan 7, 2013 9:36pm Jan 7, 2013 9:36pm
This one is starting to attract my attention at this point. The AUD/SGD pair isn't one I follow much, but it looks like the 1.29-1.30 area could be a good spot for a sell.....?
Attached Image (click to enlarge)
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  • #15,065
  • Jan 9, 2013 8:54am Jan 9, 2013 8:54am
Nice continuation on AUD/CHF for the bull move......generally a "risk on" sign.
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.jpg Size: 59 KB
  • #15,066
  • Jan 10, 2013 9:14am Jan 10, 2013 9:14am
Over at my forum, I posted the AUD/USD chart......I think this could be the next nice trend higher. With Chinese numbers coming out a bit stronger than anticipated, Australia becomes the beneficiary.
  • #15,067
  • Jan 10, 2013 9:58pm Jan 10, 2013 9:58pm
This man is an absolute riot:

http://www.27bslash6.com/
  • #15,068
  • Jan 11, 2013 5:45am Jan 11, 2013 5:45am
Quoting clockwork71
This man is an absolute riot:

http://www.27bslash6.com/
This is good stuff!
  • #15,069
  • Jan 11, 2013 1:53pm Jan 11, 2013 1:53pm
Quoting clockwork71
This man is an absolute riot:

http://www.27bslash6.com/
He is a riot or he causes riots?

I enjoyed reading some of the stuff but after a while I just got bored of his style. He is basically a bit of an A hole.
  • #15,070
  • Jan 11, 2013 6:18pm Jan 11, 2013 6:18pm
Quoting clockwork71
This man is an absolute riot:

http://www.27bslash6.com/
That guy is seriously funny!
  • #15,071
  • Jan 14, 2013 11:26pm Jan 14, 2013 11:26pm
There should now be almost no doubt that the xxx/jpy pairs are all going higher. In fact, I think they are going much higher, and we are going to see similar action as we did 5 years ago. You used to be able to simply sell the Yen and make money. I think this is what 2013 is going to be like. However, we are WAY overextended at the moment, and waiting for pullbacks in these pairs is what is going to make you a shitload of money this year.

Oh, and as a side note - if we get above the 1.35 level - we are going to 1.50 in the EUR/USD pair.

We could be in store for some friggin' normalcy for once.......man I've missed this. Assuming it comes.
  • #15,072
  • Jan 15, 2013 4:58am Jan 15, 2013 4:58am
Quoting clockwork71
There should now be almost no doubt that the xxx/jpy pairs are all going higher. In fact, I think they are going much higher, and we are going to see similar action as we did 5 years ago. You used to be able to simply sell the Yen and make money. I think this is what 2013 is going to be like. However, we are WAY overextended at the moment, and waiting for pullbacks in these pairs is what is going to make you a shitload of money this year.

Oh, and as a side note - if we get above the 1.35 level - we are going to 1.50 in the EUR/USD pair.
CW
Thank you very much for your reading! I have a couple of questions if i may.
(1) As for the PA 5 yrs ago, are you referring to the yellow box?
(2) If you use fib to measure the pullback, how much do you expect? 23, 38 or 50%?
Attached Image (click to enlarge)
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  • #15,073
  • Jan 15, 2013 6:20am Jan 15, 2013 6:20am
Quoting Forexgogo
CW
Thank you very much for your reading! I have a couple of questions if i may.
(1) As for the PA 5 yrs ago, are you referring to the yellow box?
(2) If you use fib to measure the pullback, how much do you expect? 23, 38 or 50%?

There is no way to know. The trend is strong enough that any supportive looking candle on a pullback is good enough for me. This is especially true since I consider this a long-term trade.....
  • #15,074
  • Jan 15, 2013 7:03am Jan 15, 2013 7:03am
Quoting clockwork71
There should now be almost no doubt that the xxx/jpy pairs are all going higher. In fact, I think they are going much higher, and we are going to see similar action as we did 5 years ago. You used to be able to simply sell the Yen and make money. I think this is what 2013 is going to be like. However, we are WAY overextended at the moment, and waiting for pullbacks in these pairs is what is going to make you a shitload of money this year.

Oh, and as a side note - if we get above the 1.35 level - we are going to 1.50 in the EUR/USD pair.

We...
Wouldn't it be nice !!
Memories caught in time but never forgotten
  • #15,075
  • Jan 15, 2013 10:18am Jan 15, 2013 10:18am
Quoting o990l6mh
That guy is seriously funny!

What in the hell are you people doing in Sweden?????

http://news.yahoo.com/stolen-train-c...564.html?_sr=1
  • #15,076
  • Jan 15, 2013 3:56pm Jan 15, 2013 3:56pm
Hi fellas!

I have been reading this thread for last few weeks. Gone through magical 100-pages in a steady and understandable manner and I have considered myself fairly well educated in Clockwork's method. Going with a trend from Weekly charts, marking big round numbers on weekly and trading from them, placing stops behind s/r zones so if hit, it would clearly invalidate my method of thinking. I'm not shy with stops I think, at all. One of them just got hit today when I was at work.

What have I missed?
Should I instantly buy if stopped going short or rather wait for a signal to go long, against weekly trend?
Still on demo, for +/- last 6 months...

I have taken it after two candles rejected 0.94 (marked with black arrows).
Placed the SL at the very end of my zone, even if it was higher, it would obviously have been taken out.
Should I count it to the ones that "sometimes simply do not work" or have I missed something kinda obvious?

Fil.

EDIT: I have not moved my SL to BE as it was with trend and I wanted to give it a go, to "evolve".
I was OK with my risk. Even though still on demo, it was 1% of my account.
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF-short-with-trend.GIF Size: 38 KB
  • #15,077
  • Jan 15, 2013 4:48pm Jan 15, 2013 4:48pm
Quoting clockwork71
What in the hell are you people doing in Sweden?????

http://news.yahoo.com/stolen-train-c...564.html?_sr=1
Apparently the woman who stole the train was a cleaning lady at the train depot. She's probably not going to take any more trains for joyrides
  • #15,078
  • Jan 16, 2013 9:08am Jan 16, 2013 9:08am
Quoting filipl
Hi fellas!

I have been reading this thread for last few weeks. Gone through magical 100-pages in a steady and understandable manner and I have considered myself fairly well educated in Clockwork's method. Going with a trend from Weekly charts, marking big round numbers on weekly and trading from them, placing stops behind s/r zones so if hit, it would clearly invalidate my method of thinking. I'm not shy with stops I think, at all. One of them just got hit today when I was at work.

What have I missed?
Should I instantly buy if stopped going short...

I think the fact that the area have been broken to the upside is indeed an interesting development. However, I think the 95 level will be your next "hurdle" if you are going long. Nonetheless, I think it is a trade worth taking. Remember that it is very common for support and resistance to be retested later. Because of this, we could get a pullback to the trend line that was broken, and see support come into the market then. However, if you are aware of it ahead of time - it's not that scary. If you get above the 95 level - you have a runner.....

As for when you should have entered - that is entirely up to you. However, you need to be aware that the more "conservative" way to trade this is to let it fall and retest the trend line first......having said that, I see nothing wrong here at all......
  • #15,079
  • Jan 16, 2013 5:03pm Jan 16, 2013 5:03pm
Quoting clockwork71
I think the fact that the area have been broken to the upside is indeed an interesting development.
Appreciate your insight, Chris.

I had set up a buy order before the zone and it got activated (before you managed to answer my questions, and while I was at work). SL is under the trendline. Pretty wide in my opinion (to clearly invalidate my way of interpreting the market) although I am hesitating between leaving it there and moving it under EMA 360 (up to my individual trade management probably).

IF it broke 95, is this the time you personally would consider adjusting your stops below that level and no earlier?

Fil.

PS. As a curiosity: you can easily notice from my previous screenshot and current one a couple of trades I had issues managing (letting run), although they both BE. Ignore the levels as I was using a different method - entering from swing highs (in my poor interpretation as it turns out) with the trend after a daily PA signal like PB or BEOB although not from weekly levels.
I was moving my SL way to early, probably my risk was too high. Since then I learned to accept losses by managing my position size properly and since reading a couple of incredibly wise posts, like this one (pasting in for other people's benefit, hope you don't mind?). God bless forums like this one!
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF-long-after-break-of-TL.PNG Size: 71 KB
  • #15,080
  • Jan 16, 2013 7:12pm Jan 16, 2013 7:12pm
Again???.....really???......
Attached Image (click to enlarge)
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