You mean they won't allow usdjpy to fall much below 80? One thing that strikes me as unusual about the yen being strong anyway is the price of oil rising, you'd think that would weaken it a bit.

Silent Service Method

Nzd got stopped out for a small loss. Right pair, right direction, wrong time.

Silent Service Method

How about eurnzd at 1.74? Sunday is my fav day of the week, looking through the higher time frames to see what's going to happen in the following week. Aren't some of these charts beautiful to look at, it's like poetry.

Silent Service Method

Isn't usdjpy in a similar situation? First chart is monthly zoomed out, second is daily zoomed out a little. 80 is providing serious support. The spike down was from the earthquake/tsunami. I've got sell stops on both of these pairs with sensible ...

Silent Service Method

Great thread and something I've been looking into for a while. I've been trading for a good few years now and blown several small accounts. The problem always seems to be wanting to achieve faster and when a loss does occur the feeling to get the ...

The Winning Trading Psychology - sure way for consistent profits

Eurcad is interesting at 1.43 but maybe a pull back to 1.40 for a buy may be the better way to go?

Silent Service Method

Reading into it exports from NZ to China are rising dramatically and set to keep rising for wool, dairy and some raw materials. Does it not make perfect sense for China to buy into an economy that they are going to be enriching with lots of export ...

Silent Service Method

Nzdusd is testing the highs as we speak. It's make or, er, break time. Or rather break or not. It has actually made new all time highs within the last few minutes but whether this will mean a move higher or not time will tell.

Silent Service Method

I'm starting to think this may be one to monitor on the weekly chart. The weekly chart shows a break of the upper channel line albeit not parallel (equidistant) with the lower trendline. On the daily you can clearly see consolidation around the ...

Silent Service Method

NzdUsd has closed above 0.82 so could be continuing up but I think I'd prefer for it to move up a bit and then possibly retrace to 0.82 before I buy it.

Silent Service Method

Understood, thanks

Silent Service Method

Great, thanks for the feedback, nice to know I'm on the right lines. I think one thing I have to get used to is sitting on my hands without a trade for a while. Although I can actually see where I want to trade some pairs if the right things happen ...

Silent Service Method

Well I have finally been convinced to completely remove all indicators from my charts, not even a moving average is on there. Chris, what is your opinion of Heiken Ashi candles? I quite like them as they smooth out the noise and if used carefully I ...

Silent Service Method

Reading through the thread I would say you do something fairly unique. Ok it's all watching price at support and resistance like anyone else but your methodology is so much clearer and you explain it in a down to earth and unegotistical manner. ...

Silent Service Method

Nice trade!

Trading Made Simple

Don't forget the 50% fib retrace from the last move down. I'm in the trade. Not done much for the last hour but it's not gone backwards too far so I'm giving it another hour. EurUsd looks set for another push up soon too so I'm happy holding a ...

Trading Made Simple

The signals won't happen at the same time but I prefer to see tdi/stochs trending up or down on weekly, daily, 4h and hourly and all in the same direction. It's not part of the original system and it means you take less trades but you're trading in ...

Trading Made Simple

No worries. I know that trend following isn't the whole point of this method but it's a personal thing for me, I like trades to be obvious. I think using these indicators in this way is a really good way to find swing trades on 1 and 4 hour charts ...

Trading Made Simple

Sorry, maybe my answer does appear slightly terse but it wasn't intended that way. I would never want to put anyone off a trade, what if it went right? For me though I never trade against the trend and looking at that chart is obviously in a strong ...

Trading Made Simple

Do you really want to trade against that trend? It may work out but wouldn't it be better to wait for a retrace to a trendline and then look for a short? Maybe it's just me?

Trading Made Simple