Honestly, I find that only drawing the weekly S/R lines narrows it down naturally. If I have say 20 or so pairs at a broker......and I draw those lines, normally it narrows down pretty quick to just a few. The only thing that I would add is be aware ...

Silent Service Method

I don't do requests, as it turns this into a signal service. I only draw examples. But to answer your other question.....I like to see places where it has acted as both, yes.

Silent Service Method

I seem to find that it's about the same......I don't know that one is better than the other. However, if it's a "U" shape, it infers that people are slowly buying or selling in a more consistent manner. But I trade both the same. CW

Silent Service Method

I only do weekly. Any daily one should show up on weekly if it truly matters. Otherwise, it's minor. And yes, I always leave those on the charts.

Silent Service Method

No.....I haven't read that thread. Minor areas don't interest me. However, they serve as great places to hide stops behind as you manage a trade. (a little foreshadowing there...) CW

Silent Service Method

Some of my common signals. — These are some of my more favorite formations to trade. Not all possible bar formations are listed here, mainly because I only trade these. I know that some people trade inside bars (example) - but I am not ...

Silent Service Method

For starters: I do NOT trade on NFP Fridays, period, end of story. I NEVER break that rule. EVER. Same thing for Interest Rate Announcements. It's amateur hour when that is going on....You really are asking for trouble trading those announcements. ...

Silent Service Method

I should say here that I don't leave the weekly up either....I do it exactly the same.....I draw the weekly lines and leave then on the screen....and flip between 4 hour and daily. I only adjust the charts to daily....well.....at the end of the day ...

Silent Service Method

This is why there were three entries on the above 4 hour GBP/JPY chart. I want you to think about the "2 bar pins...." CW

Silent Service Method

Give me a few posts and I will get to this, I promise....this ties in pretty tight with my exit theory actually.

Silent Service Method

Top-Down Approach. — Every trade I take is done with this first step....I prefer the 4 hour time frame to be honest. However, I will trade most time frames if they line up with my weekly lines. (95% are either 4 hour or daily though.) When I ...

Silent Service Method

Its a place that you know when you see. Look at 1.30 on USDCAD, it should be obvious.

Silent Service Method

One minor issue here. — They aren't fixed spread, and been for quite some time. IBFX went away from that model when they added JPM and DB as liquidity providers. If 2 pips is a big deal in your trading style on a pair like gbpjpy....you have ...

Oanda,IBFX or MB Trading

It depends on the s/r area. If it's a major one, like 1.30 on USDCAD, I am fine with it taking a bar or two to trigger. If it is just an "everyday" s/r area.....I only give it one bar to trigger. CW

Silent Service Method

This is exactly where I am heading to. I am going to post some thing in the next 24 hours that will start to piece some of this all together. CW

Silent Service Method

Another example of what I like to see. — A potential stock trade. Don't fret it though....this stuff works in every market I have tried it on. It's based on crowd psychology more than anything. PETM - That's PetsMart, a specialty shop in the ...

Silent Service Method

Silver is just sitting there, it's ok though....I plan on it being a little more long term

Silent Service Method

My thinking is to still base everything off the weekly....which of course makes futures a very expensive game.....but it seems to hold true. After hours in general doesn't effect it as much if you are looking at larger time frames in my opinion. CW

Silent Service Method

Think of your above mentioned USDCAD trade......the area is pretty obvious. If price cannot get above 1.30 and hold.....it's going down. The same might be said about USDJPY at 100. We will see. If it can't get above and hold above the 100 mark, it ...

Silent Service Method

EXACTLY. Price action helps, no doubt about it.....but it's the reaction and the place that sometimes matters more. The 1.30 area is HUGE for the CAD. I went short this pair as well, but based upon a reaction more that a specific shape of a bar. I ...

Silent Service Method