If you are serious about learning how to trade, I would avoid anything like this. You need to see the S/R lines for yourself, and not let someoe else do it for you.

Silent Service Method

Funny you posted this chart....I just pulled that one up and placed the same blue area to look for Price Action. We might get a nice pinbar, we might not.....but if we miss it...(as in no set up...) It doesn't matter, enough of these come around ...

Silent Service Method

Yes they do mean a lot. However, if they are weekly ones.....they would have had to hit a few times at same spot under normal circumstances......so the monthly ones show up the same anyways.

Silent Service Method

Yes, this is certainly an area to watch. Good eye. CW

Silent Service Method

Whenever possible, I like to see a pullback, and support......it shows "staying power". CW

Silent Service Method

I will post more....(dentist appointment today) but a quick answer is I DO take counter-trend trades, but tend to take profit at first hurdle when I do. (Or at least get to break even at that point.) I don't play around counter-trend.....I take my ...

Silent Service Method

Wow! Thanks for the kind words.....whatever it is I did to help. Clockwork

I need a mentor...read this and youll know why

Correct. I don't put in blind orders.

Silent Service Method

Pretty good. This pair is a bit "muddy" at the moment, so some of these zones are a little thick at times.

Silent Service Method

I agree with the poster about 100 being important. I have a suggestion though: If you can't clearly see a zone, it's probably larger. I think this is a 200 pip or so area. A mess until proven otherwise. I try to only take trades that are dead ...

Silent Service Method

I actually have 98-100 as an area.....so it's kinda in the middle of several things for me. However, I like the shape, and this is roughly what I look for.

Silent Service Method

An example on exits.....

Silent Service Method

I always wait at least 10 pips to enter a trade...... Also....I see that if you took a break of that long bar, it would take a while.....and I like to see it break right away. EXCEPT when it's with the overall trend. If it were counter-trend, I ...

Silent Service Method

I know what you mean by "feeling".....but I ignore those. They tend to get you into trouble. Also, someone said something about trading only $300 at first. Are you willing to do that for 3 months? 6? Because that's what it would take in my ...

I need a mentor...read this and youll know why

Exactly. Let's ask a serious question here: "Does the market care if you are up 20, 30 , or even 100 pips?" The answer of course is "No." So I would never let that dictate where I place stops. (Although a lot of people do.) I would be more ...

Silent Service Method

Great idea.....too bad I can't help you on this one.

Silent Service Method

A chart and a thought on exits.

Silent Service Method

Somewhere in this thread, I mentioned that I only use weekly ones because I believe they are the ones that truly matter. To be honest, I don't agree with what he said. However, I agree so much as to say....you shouldn't base a trade (or management) ...

Silent Service Method

Nice chart.

Silent Service Method

A few thoughts on mentoring. — As someone who has been a student AND a mentor, I can tell you very few people make it trading because of the same reason most people only check "some college" on job applications. It has to do with tenacity. It ...

I need a mentor...read this and youll know why