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Silent Service Method

  • #5,661
  • Nov 5, 2009 11:07am Nov 5, 2009 11:07am
What are we to make of Whole Foods? I wanted to short this one a while back and thank god I didn't because I would have suffered through this big run up, but today's price action looks decidedly bearish. Probably see some support at the gap (From August), but I wouldn't be suprised if this fills in the gap by falling down to the mid 20s...and then the low 20s.

http://finviz.com/publish/110509/WFMIc1dl1159.png

I probably won't play this as my focus has been on finding ETF plays but I was curious what you guys thought of this one...
  • #5,662
  • Nov 5, 2009 12:47pm Nov 5, 2009 12:47pm
Quoting InfinitySL
What are we to make of Whole Foods?...
For me personally, I would rather look for support at the close of the gap. However....I am not a big gap player either - so I am probably not the guy to ask.

Chris
  • #5,663
  • Nov 5, 2009 12:48pm Nov 5, 2009 12:48pm
Quoting wh1zz0
Can anyone please recommend what service I could use to have mt4 alerts sent to my cell phone directly (as text message)?


Thanks.
Check out alertfx.com

I doesn't have all pairs, but it's pretty neat....and free.
  • #5,664
  • Nov 5, 2009 12:48pm Nov 5, 2009 12:48pm
Quoting wh1zz0
Morning clock!

I went short the pound @ the close of NY yesterday since the 1.66 level held (so I felt). I closed half earlier on but I think I'll just clean out now as the action is shitty coming close to important news.

What currency pairs are you looking @? P/s: From what just happened after the BOE rates would you say some big bears are still in there? OR would you say 1.6600 is a strong level?
It's still weak in my opinion. However....I am not a fan of getting involved in anything right before NFP Friday
  • #5,665
  • Nov 5, 2009 5:41pm Nov 5, 2009 5:41pm
http://i34.tinypic.com/e05209.png

http://i37.tinypic.com/i1czg1.png
  • #5,666
  • Nov 5, 2009 7:15pm Nov 5, 2009 7:15pm
Quoting Low
http://i34.tinypic.com/e05209.png

http://i37.tinypic.com/i1czg1.png

NICE CHART. You are correct - the s/r line is impressive, and to your point - YES.....it's where the pinbar is at that truly matters.

Nice find.

Chris
  • #5,667
  • Nov 6, 2009 11:31am Nov 6, 2009 11:31am
Threw up a video on the front page of my site about the futility of Non-Farm Payroll days........

Not much else to say today, staying out of this mess. I will post a new "chart of the week" soon, and I have a new poll.

Chris
  • #5,668
  • Nov 6, 2009 11:33am Nov 6, 2009 11:33am
Thanks for your reply. I found another called mobile4x.

Cheers
  • #5,669
  • Nov 6, 2009 11:51am Nov 6, 2009 11:51am
Check out this oil chart. Watch the CAD and the USD on this one.....possibly look to buy oil ETF's if we break higher.....
Attached Image (click to enlarge)
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  • #5,670
  • Nov 6, 2009 4:48pm Nov 6, 2009 4:48pm
this can be interesting.

third touch of resistance.
good momentum.
inverted pinbar.
large bullish bar on the weekly. engulfing nearly all bars since 20.09.09.

let's see if it breaks ...
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #5,671
  • Nov 6, 2009 6:07pm Nov 6, 2009 6:07pm
No trades for me this week - hopefully something better comes along next week *twiddles thumbs*

VB,
  • #5,672
  • Nov 6, 2009 7:04pm Nov 6, 2009 7:04pm
I added that GIB to my fictional stock portfolio today after the NFP noise had died down. Closed as a lovely weekly pin.

FX pretty much sucked all week for me.
  • #5,673
  • Nov 6, 2009 7:08pm Nov 6, 2009 7:08pm
Quoting clockwork71
Check out this oil chart. Watch the CAD and the USD on this one.....possibly look to buy oil ETF's if we break higher.....
That's a perfect analysis. Very nice Chris!

Wish I had access to oil with my brokers...
  • #5,674
  • Nov 7, 2009 8:05am Nov 7, 2009 8:05am
Quoting VitaminBeer
No trades for me this week - hopefully something better comes along next week *twiddles thumbs*

VB,
On weeks like that - I suggest getting your vitamins!
Attached Image
  • #5,675
  • Nov 7, 2009 8:07am Nov 7, 2009 8:07am
Quoting aserbfx
this can be interesting.

third touch of resistance.
good momentum.
inverted pinbar.
large bullish bar on the weekly. engulfing nearly all bars since 20.09.09.

let's see if it breaks ...
Certainly looks like it's trying like heck to blow the top off that resistance. I would think of two possible plays:

A breakout long...

If the price breaks below that pin, a short.

Nice chart. I like these clear cut 2 choice "binary" charts.

It's either up or down, and no other choice. Well done!
  • #5,676
  • Nov 7, 2009 4:24pm Nov 7, 2009 4:24pm
sm7 on weekly.
15 euro will be the next challenge.
last three daily bullish bars "caused" the outbreak.
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #5,677
  • Nov 7, 2009 6:04pm Nov 7, 2009 6:04pm
Quoting clockwork71
On weeks like that - I suggest getting your vitamins!
Haha good one!
  • #5,678
  • Nov 7, 2009 9:31pm Nov 7, 2009 9:31pm
Quoting aserbfx
sm7 on weekly.
15 euro will be the next challenge.
last three daily bullish bars "caused" the outbreak.

Congrats. You are already a little bit ahead of most traders. A lot of traders would belong this already, because it broke the resistance line. However, as you have pointed out...there's more resistance up above. Many guys would be long, and not understanding what happened when it goes back down.....

Chris
  • #5,679
  • Nov 8, 2009 10:15am Nov 8, 2009 10:15am
Hi clockwork. What do you think about this chart? Trend might change?
Attached Image (click to enlarge)
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  • #5,680
  • Nov 8, 2009 11:36am Nov 8, 2009 11:36am
I, like most here, am a rank amateur at this stuff (but having lots of fun). I do (think I) know, however, that all the markets are usually pretty well linked. When the equities market goes up, the USD goes down. When the USD goes down, commodities go up. Etc. etc. Watching the markets the past several weeks, it seems to my eye that we are getting ready for a trend change, or changes, since the markets are all linked. Maybe "trend change" is too strong, and "correction" is the better term. In any event, I think I just need to have patience so that I am still following it as closely when it actually happens. I am already long UCAD and short EU, and was short the equities market until I moved my stop too close after getting a bit skeered. I plan to enter short again this coming week. There you have it, the ravings of a mad lunatic. (Superfluous?)
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