Silent Service Method

interesting chart i am watching at the moment, with a potential great set up....

Another chart I am watching currently.....the USD/SEK pair.

I am presently noodling something that redefines the way I look at support and resistance, and a bit of a 'filter' when it comes to use it. I think that in some ways, we are looking at these things in the wrong way. It that's the case - and I am presently testing this out in an account that will allow me to trade the money of a fund, (I know, no pressure. lol), this could be huge. One of those 'a-ha!' moments.

The USD/CAD pair has captured my attention now that we are at the 1.30 level. This market is obviously sensitive to the oil markets, and I think that the prudent trader will look at what is going on over there. The oil markets have a major trend line underneath, so I am not sold on it breaking down just yet. (Although I am the first to admit I have been selling rallies in the futures markets.)

I like the idea of the 1.30 level offering a bounce. The jobs number will of course have an effect as well....and Canada releases PMI at the same time as well.



PS:
I was in Toronto just a few weekends ago. The economy in Canada seems to be pulling back a bit as well.

Crude Oil hugging a major trend line. So far, it looks like we still have an uptrend going......I will be trading this on short-term charts later I think...

I've never bought turkey (the country, not Butterball) but it appears to be on sale. It seems the Turkish Lira goes through these free falls quite frequently (anyone with data back past 2000, you'll see what I mean). But here is their stock market via US ETF. I think i like buying it here. What are you thinking on this one?