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Silent Service Method

  • #15,941
  • Aug 11, 2018 4:54am Aug 11, 2018 4:54am
Quoting InfinitySL
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? {image}
Well, that does offer a very small stop loss....but then again - this is all based on Erdogan and Trump in a stand off. The US just levied tariffs, so I am not so sure we don't break lower to be honest. This one is purely about headlines.
  • #15,942
  • Aug 14, 2018 11:09am Aug 14, 2018 11:09am
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  • #15,943
  • Aug 19, 2018 3:37pm Aug 19, 2018 3:37pm
Looking at the most obvious chart right now....weekly EUR/USD

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  • #15,944
  • Aug 19, 2018 3:39pm Aug 19, 2018 3:39pm
Another interesting chart: AUD/USD weekly
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  • #15,945
  • Aug 19, 2018 3:42pm Aug 19, 2018 3:42pm
AUD/JPY weekly

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  • #15,946
  • Aug 19, 2018 3:51pm Aug 19, 2018 3:51pm
I have been trading for a prop desk lately, and oil has been the majority of my work. its been a wild ride, but i think these two charts could be worth looking at. posted from barchart, because Rithmic has horrible charting.

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  • #15,947
  • Aug 19, 2018 3:55pm Aug 19, 2018 3:55pm
I also am waiting to pound the hell out of natural gas........patience has been key.

weekly chart:
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  • #15,948
  • Aug 19, 2018 3:59pm Aug 19, 2018 3:59pm
An indicator I use. CHF/JPY weekly - its always nice to know where to run to if there is trouble.

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  • #15,949
  • Aug 21, 2018 6:42pm Aug 21, 2018 6:42pm
Nice Charts chris. Good to see some old school charts a la Jing...

What's your outlook on US Stocks (if you have one).

-SL
  • #15,950
  • Aug 21, 2018 7:05pm Aug 21, 2018 7:05pm
Quoting InfinitySL
Nice Charts chris. Good to see some old school charts a la Jing... What's your outlook on US Stocks (if you have one). -SL
I think we are going higher, and have traded as such - but only for a little while longer. I think S&P will come close if not right to the 3,000 level by the end of the year - and we will chop back and forth in the meantime. This next couple of months are going to be a bitch.
  • #15,951
  • Nov 2, 2018 8:20am Nov 2, 2018 8:20am
Hello chris, are you still trading?
  • #15,952
  • Nov 2, 2018 9:06am Nov 2, 2018 9:06am
Quoting guiyee
Hello chris, are you still trading?
Yes, I don't know what in the hell happened, but the thread disappeared a while ago - and now its here.

I am trading my own money, a fund's money, doing my daily analysis for web sites and trading firms as well. I have been making my living from the market in one form or another for over 7 years now. That isn't going to change, no matter if I am at FF or not. To be honest, I thought this thread had been erased, and only knew about your message because I got an email about it.
  • #15,953
  • Nov 4, 2018 10:17am Nov 4, 2018 10:17am
Quoting clockwork71
An indicator I use. CHF/JPY weekly - its always nice to know where to run to if there is trouble. {image}

Chris,

Beautiful charts, thanks.

B.D
  • #15,954
  • Nov 5, 2018 8:12am Nov 5, 2018 8:12am
Quoting clockwork71
{quote} Yes, I don't know what in the hell happened, but the thread disappeared a while ago - and now its here. I am trading my own money, a fund's money, doing my daily analysis for web sites and trading firms as well. I have been making my living from the market in one form or another for over 7 years now. That isn't going to change, no matter if I am at FF or not. To be honest, I thought this thread had been erased, and only knew about your message because I got an email about it.
Hello Chris, thanks for answering back.

Indeed the thread kinda disappeared, and thats a shame because I think its one of the best and has one of the most valuable information. I discovered this thread a few years ago and it literally changed my trading not only on technical but also on psychological level.

I think I already said this a few times on here, but thank you so much for your effort and sharing with random people your wisdom.

If I may ask, which web sites are your doing analysis for? Would be nice for my trading to keep track on those analysis.

Best regards
Guillermo
  • #15,955
  • Nov 5, 2018 8:44am Nov 5, 2018 8:44am
Quoting guiyee
{quote} Hello Chris, thanks for answering back. Indeed the thread kinda disappeared, and thats a shame because I think its one of the best and has one of the most valuable information. I discovered this thread a few years ago and it literally changed my trading not only on technical but also on psychological level. I think I already said this a few times on here, but thank you so much for your effort and sharing with random people your wisdom. If I may ask, which web sites are your doing analysis for? Would be nice for my trading to keep track on...
FX Empire, Daily Forex, Investing.com, and a few others randomly.
  • #15,956
  • Nov 6, 2018 1:07pm Nov 6, 2018 1:07pm
Chris, thought you had a regular job too?

I'm still plugging away in the salt mines but prefer doing this... Then again i've kinda moved on from Currencies, strongly prefer stocks/bonds/futures.
  • #15,957
  • Nov 6, 2018 2:08pm Nov 6, 2018 2:08pm
Quoting InfinitySL
Chris, thought you had a regular job too? I'm still plugging away in the salt mines but prefer doing this... Then again i've kinda moved on from Currencies, strongly prefer stocks/bonds/futures.
The analysis is my 'regular job.'

I am presently trying out for a prop desk trading futures - volatility is killing me these days though. Move way too fast at times. The ES and CL both have spanked me a few times as of late.

Chris
  • #15,958
  • Nov 7, 2018 12:51pm Nov 7, 2018 12:51pm
I couldn't trade CL -- each penny being worth $10 is too rich for my blood. Similar story w/ ES - if you're trading 5m/15m charts sure but i am slower and trade daily/weekly so i gotta keep positions smaller.

Good Luck with it. I like having a paycheck so this works for now.
  • #15,959
  • Nov 7, 2018 8:13pm Nov 7, 2018 8:13pm
Quoting InfinitySL
I couldn't trade CL -- each penny being worth $10 is too rich for my blood. Similar story w/ ES - if you're trading 5m/15m charts sure but i am slower and trade daily/weekly so i gotta keep positions smaller. Good Luck with it. I like having a paycheck so this works for now.
Jesus, I wish. The shops I work with all close at the end of the day - there is no way I could do that. What contracts are you trading?
  • #15,960
  • Nov 7, 2018 9:29pm Nov 7, 2018 9:29pm
Sorry if my last post was unclear -- I don't trade CL or ES. I don't like the size of the futures contracts and need to size my trades smaller. Pretty much I've found that I can put on pretty much any trade i want with ETFs so that's what I use!

To be honest though, I'm more of an individual stock guy these days. Find it more interesting.

My job makes me hold any Stock/ETF at least 30 days so that kinda restricts what i can do...forced to be more long-term.
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