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Silent Service Method

  • #4,581
  • Aug 12, 2009 8:12pm Aug 12, 2009 8:12pm
Quoting drebin
Kulu: I felt the same exact way on the USD/CAD....yeah patience pays, I agree. Plus isn't August notorious for being the slowest month of the year trading wise (volume, etc.)??

Yes it is actually. This is part of what makes the S&P500 hanging around 1000 mark, yet not flying up from here a little ominous.

September is normally a whole different animal.

Chris
  • #4,582
  • Aug 12, 2009 8:32pm Aug 12, 2009 8:32pm
Quoting clockwork71
My short was based on the weekly pinbar on the gbp.usd pair at a 50% retrace. That's all I have seen this week that I liked. (forex related that is.)

Chris
CW: Thanks for your responses!

I actually think this is helping me learn more patience and wait for better setups. Good learning experience for me.
  • #4,583
  • Aug 12, 2009 8:46pm Aug 12, 2009 8:46pm
Quoting clockwork71
Yes it is actually. This is part of what makes the S&P500 hanging around 1000 mark, yet not flying up from here a little ominous.

September is normally a whole different animal.

Chris
Yeh I think September and October are gonna be a beast either way
Grabbing the bull by the horns!
  • #4,584
  • Edited 1:05am Aug 13, 2009 12:25am | Edited 1:05am
thoughts and charts about gbpchf...
p.s:to be honest when i shorted this pair i thought that was it..this was one of the moments when a pair moves and breaks its long time trend line without looking back ever...not right so far but at least locked it at b.e...if that trend line is still in play most of the time you don't get enough time to protect your trade...b.e was a good thing to do for me..
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  • #4,585
  • Edited 12:40am Aug 13, 2009 12:27am | Edited 12:40am
Quoting AnimalHungry
Hey nomask. I wanted to PM you but you're not accepting any PMs. Would you mind turning your incoming PMs on, or just PM me your e-mail address please?

Cheers
Simon
sorry about that but don't think its off..i'll check it anyway..
...oops you were right...that should be my wife who might have turned it off
switched it on..
  • #4,586
  • Aug 13, 2009 1:00am Aug 13, 2009 1:00am
usdcad...watching...
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  • #4,587
  • Aug 13, 2009 1:16am Aug 13, 2009 1:16am
Did anyone take this long off the 4-hr?

Am long for the following two reasons: i.) Daily Trend is Up; & ii.) i like those massive PBs off the minor support i have there is blue....see chart below......T/P just before that Major Resistance

Cheers
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  • #4,588
  • Aug 13, 2009 1:49am Aug 13, 2009 1:49am
Quoting VitaminBeer
Hey nomask I just saw this one too, it's looking good for a long, I think it's just a matter if it breaks back up through that downward trend line and finds support on it me thinks.

The Daily Pin bar is looking good, I hope it still looks like that when I wake up tomorrow.

VB,
when i saw that eur and usd made almost same setup against jpy..i took another look at eurusd and then i decided to focus more on eurjpy since eurusd looked bullish at the time..
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  • #4,589
  • Aug 13, 2009 2:06am Aug 13, 2009 2:06am
Quoting nomask
when i saw that eur and usd made almost same setup against jpy..i took another look at eurusd and then i decided to focus more on eurjpy since eurusd looked bullish at the time..
Yes that looks good - although I do notice two things that I don't like about it.
One is the bearish divergence just before it - although I think Chris said somewhere that it should not stop you from taking an entry, rather it should or could add to the idea that it may be more successful.

The other, is that cluster of 4 Hour bars that might be acting as some form of resistance, it seems kind of close to the take off area.

I hope it works out well for you, unfortunately for me I did not have that chart up at the time

All the best,

VB,
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  • #4,590
  • Edited 2:58am Aug 13, 2009 2:19am | Edited 2:58am
I would have to say that I have learned an immense amount of stuff from the private forum, if anyone is interested in going further, it is well worth it.

There is a fantastic shelf of videos to choose from so far and more being added every day. It has triggered a series of 'ah-hah' moments throughout the whole thing for me.

VB,
  • #4,591
  • Aug 13, 2009 7:13am Aug 13, 2009 7:13am
Quoting Danku
Did anyone take this long off the 4-hr?

Am long for the following two reasons: i.) Daily Trend is Up; & ii.) i like those massive PBs off the minor support i have there is blue....see chart below......T/P just before that Major Resistance

Cheers
How nice to come frm lunch and T/P hit? My yesterday's loss on GBPUSD has been recovered with some more Pips............

Always take note of thos Massive PBs off Strong / Minor S/R esp if with the trend.........
  • #4,592
  • Aug 13, 2009 7:28am Aug 13, 2009 7:28am
i suppose 1.5000 area good looking target for long positions on this pair..
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  • #4,593
  • Aug 13, 2009 8:48am Aug 13, 2009 8:48am
Ok, got stopped at break even on my gbpjpy long and usdcad short this afternoon after the news at 1.30 GMT.

Just looked and all the news was dollar NEGATIVE! So why oh why did GbpUsd take a dive when the news came out? Absolutely crazy few days for news, big reactions to no news.

I could've closed out for 120 or so pips just before the news too, maybe that would've been the best move, although to be honest if the news had propelled my trade 200 pips the other way I wouldn't be complaining so I suppose it's win some and lose some.
  • #4,594
  • Aug 13, 2009 9:00am Aug 13, 2009 9:00am
NFP was the only good news for the dollar that really was good for it. News has been really messed up for the dollar for a long time now. This whole week has been a bust for me at least Ive had two trades that I thought were really gonna go the GU short at the begining of the week that I closed for 240 and 40 pips still for less than one percent and a long on the euro that is part of a 15m and 1-4hr SS deal
  • #4,595
  • Aug 13, 2009 9:41am Aug 13, 2009 9:41am
my opinion about news is that of course there are some crazy movements because of them every now and then.. but people have the amazing ability to translate any piece of news the way they want so more often than not, TA still stands
  • #4,596
  • Aug 13, 2009 10:29am Aug 13, 2009 10:29am
News can get you into trouble. But the BoE has stated they are going to keep buying corp. bonds, in another way of quantitative easing. It means in short that the UK is still in trouble.

The USD buying is more about a flight to safety. Think treasury bonds.
  • #4,597
  • Aug 13, 2009 10:30am Aug 13, 2009 10:30am
Quoting poga
my opinion about news is that of course there are some crazy movements because of them every now and then.. but people have the amazing ability to translate any piece of news the way they want so more often than not, TA still stands

Agreed.
  • #4,598
  • Aug 13, 2009 10:39am Aug 13, 2009 10:39am
Quoting hel13rock
Ok, got stopped at break even on my gbpjpy long and usdcad short this afternoon after the news at 1.30 GMT.

Just looked and all the news was dollar NEGATIVE! So why oh why did GbpUsd take a dive when the news came out? Absolutely crazy few days for news, big reactions to no news.

I could've closed out for 120 or so pips just before the news too, maybe that would've been the best move, although to be honest if the news had propelled my trade 200 pips the other way I wouldn't be complaining so I suppose it's win some and lose some.

I have always been on the lookout for this.....where news comes out, is good for a particular currency and markets move against this particular pair............i have watched this for quite sometime (almost 13months now) and most of the time i noted that it mainly happens to USD pairs.....my personal view BIG BOYS KNOW HOW RETAIL TRADERS WILL BEHAVE SO THE BEST THING IS TO PUSH PRICE IN OPPOSITE DIRECTION..................i have a friend who did not believe me when i told him this. He ended up giving up on FX because he used to news trade and had even paid for some service where you get the news immediately they are released................does anyone share in the same idea? How else would you explain this?
  • #4,599
  • Aug 13, 2009 10:47am Aug 13, 2009 10:47am
I see serious indecision here....watching for the 1.9000 break.....should a beauty.....BUT i do not trust this pair...........with OIL.........you never know LOL
  • #4,600
  • Aug 13, 2009 11:07am Aug 13, 2009 11:07am
Quoting Danku
I have always been on the lookout for this.....where news comes out, is good for a particular currency and markets move against this particular pair............i have watched this for quite sometime (almost 13months now) and most of the time i noted that it mainly happens to USD pairs.....my personal view BIG BOYS KNOW HOW RETAIL TRADERS WILL BEHAVE SO THE BEST THING IS TO PUSH PRICE IN OPPOSITE DIRECTION..................i have a friend who did not believe me when i told him this. He ended up giving up on FX because he used to news trade and had...
About a year ago I was trading news and doing decent but when things got crazy news didnt move with the news, it moved with fear. Once people get over the recession it may go back to that way and it may not. As for the big boys I do not know any and personnally I think you would need to know them to know what they are doing. Great thought they have corporate backing and most of the best things that money can buy.
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