Yes it would still be valid, assuming you have a set up that is. And as far as where it will go....I have no opinion other than down.

Silent Service Method

A few thoughts on that trade I posted. (EUR/JPY) — If you want this "method" to work for you.....you really need to adjust your thinking. I know that fear and greed are very difficult to control when we trade, but it really is the battle you ...

Silent Service Method

I took this trade today. I have been waiting, and waiting for this. I believe we are at a serious area. Because of this, I will allow this a chance to run like hell. If I am wrong, it's all good.....I will just go long instead. (Above 1.35) CW

Silent Service Method

Yes, it's the same to me as a "2 day pin" CW

Silent Service Method

Nothing here but a test of your patience, my man! I know, it sucks....but seriously: it only takes one or two well-placed trades a month to make it at this game. It's all about waiting.....and sometimes waiting a little more. I am personally waiting ...

Silent Service Method

A bar isn't a bar until it's completely formed. Period. And yes, I enter anywhere 10-20 pips on a break of a bar.....depending on the spread.

Silent Service Method

You have the right area to watch....it really comes down to whether or not we get the right signal. I am watching a ton of charts right now myself, waiting. Will we get a signal today? I don't know....it's about waiting for it to show itself. It ...

Silent Service Method

Ok, so I just got 2 private messages about "How do I play this breakout on EUR/JPY you were waiting for?" I have 2 responses to this question: 1 - I wasn't waiting on a breakout. By the statement's very nature it shows I am trying to catch a trend ...

Silent Service Method

I'm not a fundamentalist, but..... — There are some traders that rely totally on fundamentals. There are some that rely totally on technical analysis. Then there are some that use both. I tend to use fundamentals only in the sense I know when ...

Silent Service Method

Yes, certainly. I am a little cautious going long in 99% of stocks out there. The simple solution for those of you that can't short a stock, is the inverse ETF's. (QID is an example.) It's not that I won't go long, just that I am a lot tighter with ...

Silent Service Method

I hope that perhaps you find the same things I found. I know a lot of this sounds cliche, but it's really true. As a disclaimer, I support the J16 group of course, but there are other places that are supposed to be good as well. CW

An open letter to all new traders.

James16 group

Silent Service Method

I find it's normally a couple of days. (on average.)

Silent Service Method

Good. Santelli is the only one that seems to know what he's talking about anyways.

Silent Service Method

One more thing before I run..... Sometimes the charts show their hand well ahead of the move. This series of charts all relate to the Dow Jones Industrial Average 30. Look at these charts and see how sometimes this is pretty obvious. If these things ...

Silent Service Method

If I don't answer your messages tonight, I am making some videos - which always takes at least twice as long as they should.....

Silent Service Method

I don't know your situation beyond what you tell me, but I would highly recommend that you "scale into trading" like I was saying earlier. If you truly have that much saved up, it would be a disaster if you blew up. I know you hate your job, but ...

Silent Service Method

Options sitting somewhere don't mean anything. Options being 60% of the actual "real" volume matters. Add to that the fact they are all priced at either .50 or .0000, this explains S/R lines almost always sitting at those areas. Not to mention that ...

Where do options sit in the market

In the interest of clarity and full disclosure, I actually went long SLV, which is a silver-related ETF.....not the spot market. CW

james16 Chart Thread

00 Once you get to know and understand price action and technical analysis, all charts are the same. So when you get to this point, YES......this is a HUGE advantage of having several different "arenas" to trade in. I find that if I don't have a ...

Silent Service Method