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Silent Service Method

  • #7,621
  • Mar 16, 2010 8:15am Mar 16, 2010 8:15am
It seems like we might be in for yet another yawner today. The Fed is supposed to be making a statement later today, but absolutely no surprises should come out of it.....
  • #7,622
  • Mar 16, 2010 1:48pm Mar 16, 2010 1:48pm
Quoting clockwork71
It seems like we might be in for yet another yawner today. The Fed is supposed to be making a statement later today, but absolutely no surprises should come out of it.....
The fed has been on conference call with Samer!
  • #7,623
  • Mar 16, 2010 2:16pm Mar 16, 2010 2:16pm
Yeah, I was not really anticipating a hike by the Feds as there's no clear sign of inflation in the US. Rather, I see deflation being that there's not enough money in circulation so there was no way they could possibly hike rates now. Unemployment has in fact been the major cause of low consumer spending. I think until this improves, there might be no hikes.

Quoting calderone
The fed has been on conference call with Samer!
LOL
  • #7,624
  • Mar 16, 2010 2:27pm Mar 16, 2010 2:27pm
would have 300 pips to run before next s/r and it seems to be with the trend (plus has broken the box in late jan)... what do you guys think?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej 15 march pa.png Size: 54 KB
  • #7,625
  • Mar 16, 2010 2:35pm Mar 16, 2010 2:35pm
Well... OKAY Mr. NZD

Add Sell nzd/u 71 My system say so
Well let's see what will hapen next 48H
  • #7,626
  • Mar 16, 2010 3:11pm Mar 16, 2010 3:11pm
Quoting sebafx
would have 300 pips to run before next s/r and it seems to be with the trend (plus has broken the box in late jan)... what do you guys think?

Decent maybe.....but I personally like to see it retest the box, which it hasn't yet.....I would be more interested there to be honest.

Chris
  • #7,627
  • Mar 16, 2010 3:12pm Mar 16, 2010 3:12pm
Quoting egkid
Well... OKAY Mr. NZD

Add Sell nzd/u 71 My system say so
Well let's see what will hapen next 48H
Best of luck, and I hope you are right.....because I would like to someday be done with the NZD.....it's been a long wait down.
  • #7,628
  • Mar 16, 2010 3:12pm Mar 16, 2010 3:12pm
Quoting samer960
it works most of the time !

Nice trade Samer.....but then again, I seem to say that a lot!
  • #7,629
  • Mar 16, 2010 4:12pm Mar 16, 2010 4:12pm
Finally got a signal ... maybe on the G/U. I have been waiting for price action on this, and it looks like we might get a bullish outside bar off 1.5000. As you can see from the chart, I have 2 targets, first around 1.6000 and then final at about 1.6500. I am aware of the 1.5500 level, so I will be watching for any bearish signals to tighten my stops when we get to that level. Otherwise, I think the PA we got today is might be strong enough to push us through that level.

Again, this might not workout like I planned, but I think this is a high probability play. I would have liked to see some divergence or that bearish bar piercing the 1.5000 level more, but I will take what the market gave me.

We will see what happens. If it doesn't pan out, there is always the next trade.

Cheers, Kulu
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  • #7,630
  • Mar 16, 2010 4:59pm Mar 16, 2010 4:59pm
Quoting kulu
Finally got a signal ... maybe on the G/U. I have been waiting for price action on this, and it looks like we might get a bullish outside bar off 1.5000. As you can see from the chart, I have 2 targets, first around 1.6000 and then final at about 1.6500. I am aware of the 1.5500 level, so I will be watching for any bearish signals to tighten my stops when we get to that level. Otherwise, I think the PA we got today is might be strong enough to push us through that level.

Again, this might not workout like I planned, but I think this is a high...
Also, I am posting the weekly chart......it certainly seems we have support here.....
Attached Image (click to enlarge)
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  • #7,631
  • Mar 16, 2010 6:30pm Mar 16, 2010 6:30pm
And just to compliment the above chart.. Here's the monthly.....

Attached Image (click to enlarge)
Click to Enlarge Name: gu###.gif Size: 29 KB


Although we're only half way into March, it's still worthwhile to keep an eye on it.
  • #7,632
  • Mar 16, 2010 11:09pm Mar 16, 2010 11:09pm
Quoting wh1zz0
And just to compliment the above chart.. Here's the monthly.....

Attachment

Although we're only half way into March, it's still worthwhile to keep an eye on it.

Yeah, I think even if this week isn't the one to watch - this pair looks like it wants to bounce.

I am also watching EUR/CHF. Interesting levels here at 1.45
  • #7,633
  • Mar 17, 2010 4:23am Mar 17, 2010 4:23am
Quoting clockwork71
Yeah, I think even if this week isn't the one to watch - this pair looks like it wants to bounce.
So you're all considering a countertrend trade?
  • #7,634
  • Edited 7:04am Mar 17, 2010 4:39am | Edited 7:04am
Quoting sebafx
So you're all considering a countertrend trade?

Something like that.... Watch the charts for now.
  • #7,635
  • Mar 17, 2010 6:41am Mar 17, 2010 6:41am
Quoting sebafx
So you're all considering a countertrend trade?

Yes, and entered last night. I only trade counter trend when the charts say so. I also am not looking for a change in trend....just a quick bounce is all.

Chris
  • #7,636
  • Mar 17, 2010 8:19am Mar 17, 2010 8:19am
Quoting clockwork71
Yes, and entered last night. I only trade counter trend when the charts say so. I also am not looking for a change in trend....just a quick bounce is all.

Chris
I see. Did you enter on the break of 1.520 (weekly pin high)? Or was it a different trigger?
  • #7,637
  • Mar 17, 2010 10:12am Mar 17, 2010 10:12am
Quoting sebafx
I see. Did you enter on the break of 1.520 (weekly pin high)? Or was it a different trigger?

yes.....(checking this post from my phone, I am not sure exactly what price.....but it would have been within a few pips of there, correct.)
  • #7,638
  • Mar 17, 2010 2:08pm Mar 17, 2010 2:08pm
Still watching how this all plays out today.....but looking like a possible pinbar at .65 in NZD/JPY and a pinbar at .7150 in the NZD/USD pair.

Perhaps we will get a move down? Who knows.....keeping eyes open.

Chris
  • #7,639
  • Mar 17, 2010 2:57pm Mar 17, 2010 2:57pm
Quoting clockwork71
Still watching how this all plays out today.....but looking like a possible pinbar at .65 in NZD/JPY and a pinbar at .7150 in the NZD/USD pair.

Perhaps we will get a move down? Who knows.....keeping eyes open.

Chris
My demo trade got triggered on the 11th and stopped yesterday at .7120. My area was .7 to .71 (post 7563). Did I get that area wrong?

cheers
seba
  • #7,640
  • Mar 17, 2010 3:06pm Mar 17, 2010 3:06pm
Quoting clockwork71
Yeah, I think even if this week isn't the one to watch - this pair looks like it wants to bounce.

I am also watching EUR/CHF. Interesting levels here at 1.45
since 1.45 was broken to the downside today, would you consider the "brick wall" (is that the name?) setup for a long not valid anymore?

or wasn't it a long you meant? are you waiting to break the 1.45 -1.445 (2002 lows) area to go further down?
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