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Silent Service Method

  • #6,341
  • Dec 17, 2009 7:34pm Dec 17, 2009 7:34pm
mike
who told u i close it , it is still in .Too early it is just +500 pip . maybe next xmas .LOL
samer

Quoting calderone
Samer, the eu trade was great but maybe you should have left a bit on until the summer. lol
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  • #6,342
  • Dec 17, 2009 7:52pm Dec 17, 2009 7:52pm
Quoting samer960
mike
who told u i close it , it is still in .Too early it is just +500 pip . maybe next xmas .LOL
samer

Hey samer brother....good trade...remember things last longer than you can hang onto them...hang in there bro...I'm looking at 1.3800...50% weekly fib. But only you know what you want.

Chris...great thread...my dad was a great commodity trader and taught me the same things...big charts...dont pick tops and bottoms and when you get in....manage the trade and dont think too much...we always fuck it up somehow.

I will continue to stay with this thread...good job!

golferfx
  • #6,343
  • Dec 17, 2009 8:03pm Dec 17, 2009 8:03pm
hi my friend
great to see u around . yes continue to visit this thread , this is one of the best in FF .
thanks for the advise
samer


Quoting golferfx
Hey samer brother....good trade...remember things last longer than you can hang onto them...hang in there bro...I'm looking at 1.3800...50% weekly fib. But only you know what you want.

Chris...great thread...my dad was a great commodity trader and taught me the same things...big charts...dont pick tops and bottoms and when you get in....manage the trade and dont think too much...we always fuck it up somehow.

I will continue to stay with this thread...good job!

golferfx
  • #6,344
  • Dec 17, 2009 8:06pm Dec 17, 2009 8:06pm
mike
my SL got hit - 100 pip for EURCHF .
I just closed EJ + 106 pip ( was a tough ride this one )

samer
  • #6,345
  • Dec 17, 2009 8:17pm Dec 17, 2009 8:17pm
Looks like perhaps they are defending 1.49 now.....we will see. I did have a position stopped out, now I have one going back up......but only time will tell.

Chris
  • #6,346
  • Dec 17, 2009 8:20pm Dec 17, 2009 8:20pm
Quoting golferfx
Hey samer brother....good trade...remember things last longer than you can hang onto them...hang in there bro...I'm looking at 1.3800...50% weekly fib. But only you know what you want.

Chris...great thread...my dad was a great commodity trader and taught me the same things...big charts...dont pick tops and bottoms and when you get in....manage the trade and dont think too much...we always fuck it up somehow.

I will continue to stay with this thread...good job!

golferfx


Yes, I will continue to watch here as I have always enjoyed this thread. Chris has the same approach I have had and that is watch the markets and make a trade and live with it....good or bad.

I am glad Chris also watches the commodities and such....there is much to watch out there...not just 4x.

Spread out your money among different classes of assets and you can insulate yourself against big market blow ups.

good hunting,

golferfx
  • #6,347
  • Dec 17, 2009 9:06pm Dec 17, 2009 9:06pm
I love it how Reuters explained the move as fear regarding something in Pakistan. It was a simple stop hunt
Grabbing the bull by the horns!
  • #6,348
  • Dec 17, 2009 9:57pm Dec 17, 2009 9:57pm
Could be a great set up for a small pip gain until the end of this trading week,but I'm very cautious with euro being beat up to the ground..... but the price position is great...oh well... decisions,decisions...
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  • #6,349
  • Dec 17, 2009 10:13pm Dec 17, 2009 10:13pm
Quoting whitegoodman
I love it how Reuters explained the move as fear regarding something in Pakistan. It was a simple stop hunt

Maybe it was a stop hunt by Pakistanis?
  • #6,350
  • Dec 17, 2009 10:15pm Dec 17, 2009 10:15pm
Quoting whitegoodman
I love it how Reuters explained the move as fear regarding something in Pakistan. It was a simple stop hunt

All kidding aside....

This shows the main issue with listening to too much news. They will always have a "reason" something happens, because it makes you feel better. It makes you feel like there is more to learn, and the news people have all the answers.

Truth is, it went down - the rest is just details.

Chris
  • #6,351
  • Dec 17, 2009 10:22pm Dec 17, 2009 10:22pm
Quoting samer960
mike
my SL got hit - 100 pip for EURCHF .
I just closed EJ + 106 pip ( was a tough ride this one )

samer
The thing with my ej trade is I didn't move my stop and I got in at 130.52, had an order waiting at 130.70 that didn't get hit so I ended up jumping in. Just now shut it down myself for 164 pips. I think I could milk some more out of it but since I forgot about it....lol I think I'm done for a few weeks. I think your eu trade is first class, if I had been paying attention I would have jumped on that as well. lol
  • #6,352
  • Dec 17, 2009 10:26pm Dec 17, 2009 10:26pm
Quoting golferfx
Yes, I will continue to watch here as I have always enjoyed this thread. Chris has the same approach I have had and that is watch the markets and make a trade and live with it....good or bad.

I am glad Chris also watches the commodities and such....there is much to watch out there...not just 4x.

Spread out your money among different classes of assets and you can insulate yourself against big market blow ups.

good hunting,

golferfx
This is the thread to learn in, so glad you are here. Great traders in this thread and Chris does a great job.
  • #6,353
  • Dec 17, 2009 10:40pm Dec 17, 2009 10:40pm
Quoting whitegoodman
I love it how Reuters explained the move as fear regarding something in Pakistan. It was a simple stop hunt
It could be a stop hunt, but it might not be...The Euro has been weak against practically every currency over the last few days, so it's not terribly surprising that it's weak vs. the CHF.

On another note, I'm not sure why everyone (it seems) is waiting for this to set up as a long. Personally, i'm waiting for it to attempt to get above 1.50 and give me a signal to enter short. Weekly trend is down (been making a series of lower highs since spring 2007...) yesterday's bar and obviously today's bar are much bigger than any of the last several bars signaling to me a bit more significance to the move.

And from a more fundamentalist point of view, who has the more healthy economy, the Swiss or the European union (w/ Greece on life support & other "PIIGS" struggling as well). I don't know, but I'd probably bet on the Swiss.

The SNB is a huge wildcard but typically interventions aren't that effective in the long-run anyway (Japan's tried that game with limited success...). You get a jolt, but in the end, the market is going to do what it wants to do.

Anyway, just my thoughts - I could be 100% wrong too, that's what makes this interesting!

Happy Trading all!
  • #6,354
  • Edited 5:30am Dec 18, 2009 5:04am | Edited 5:30am
hi mike
164 pips for ej it is great man .
this was your call . so thank you .i owe u 106 pip
have a great week end
samer

PS: for EU market stoped me at 431 pip .

Quoting calderone
The thing with my ej trade is I didn't move my stop and I got in at 130.52, had an order waiting at 130.70 that didn't get hit so I ended up jumping in. Just now shut it down myself for 164 pips. I think I could milk some more out of it but since I forgot about it....lol I think I'm done for a few weeks. I think your eu trade is first class, if I had been paying attention I would have jumped on that as well. lol
  • #6,355
  • Dec 18, 2009 5:27am Dec 18, 2009 5:27am
Quoting InfinitySL
It could be a stop hunt, but it might not be...The Euro has been weak against practically every currency over the last few days, so it's not terribly surprising that it's weak vs. the CHF.
This is true from a medium term basis, however if you look at it on the short term level it was a stop hunt. WHat happened this morning was it gone down to 1.50, traders stepped in to buy it ecxpecting a spike up, when it lingered a while without any move, it was the signal the SNB was asleep and that it could be pushed through knowing everyones stop would be jsut under it (mine included). so it was the best short in the game, getting all that increased hyper selling pressure from everyone offloading there longs. Same thing happened yesterday when EUR broke 1.45 then AUD broke 89.... So stop hunt perhaps or jsut happened to hit an area where stops were known to be. Depends on your definition of stop hunt. But thats my favourite trade this week. You can make 'uber' ticks playing breaks of these major levels, nothing but happiness when u see it blip down 10-20ticks in a second.

Interestg side note, notice how well oil had done in recent USD strength..
Grabbing the bull by the horns!
  • #6,356
  • Dec 18, 2009 5:31am Dec 18, 2009 5:31am
Quoting clockwork71
All kidding aside....

This shows the main issue with listening to too much news. They will always have a "reason" something happens, because it makes you feel better. It makes you feel like there is more to learn, and the news people have all the answers.

Truth is, it went down - the rest is just details.

Chris


We will never know ALL the reasons as to why price moves. But at least we know (through some sort of evidence of past experience and common sense) the MAJOR REASONS why price moves which IMHO is sufficient to be successful. The rest is detailed entertainment.
  • #6,357
  • Dec 18, 2009 9:13am Dec 18, 2009 9:13am
Watching this one for a set up at 6.
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  • #6,358
  • Dec 18, 2009 10:02am Dec 18, 2009 10:02am
hmm I'm wondering if it's time to get back in long on EURCHF with that 1hr pin?
  • #6,359
  • Edited 10:29am Dec 18, 2009 10:27am | Edited 10:29am
Quoting MattW
hmm I'm wondering if it's time to get back in long on EURCHF with that 1hr pin?
Very tough call. The Euro is having a meltdown with the possibility of Greece's rating getting downgraded by Moodys. The Swiss may just step back and not try to slow down a runaway train, at least in the short term. The CHF is also considered a safe harbor currency in times of financial turmoil, so it's demand and price will probably increase in the coming days.

http://www.zerohedge.com/article/eur...tart-avalanche

"...anything with a B handle would make the country's sovereign debt ineligible for ECB collateral in 2011, sparking a sovereign liquidity crisis."

Just my opinion. - Bob
  • #6,360
  • Dec 18, 2009 10:38am Dec 18, 2009 10:38am
Amazing what a difference a day makes! Cheers Bob, I think I'll stay out then - I've risked enough on the Swissy for one week
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