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Silent Service Method

  • #8,341
  • Apr 27, 2010 11:16am Apr 27, 2010 11:16am
Quoting Arfer Daily
That's a profound insight, the judges are not worthy of judging... Who's casting the first stone?
Well let's be honest: The ratings agencies have served the public so well in the past. It's a shell game, always has been, always will be. Sad really, but then again.....hardly surprising when so much money is at stake.
  • #8,342
  • Apr 27, 2010 11:38am Apr 27, 2010 11:38am
Quoting clockwork71
Well let's be honest: The ratings agencies have served the public so well in the past. It's a shell game, always has been, always will be. Sad really, but then again.....hardly surprising when so much money is at stake.
Hmm, why exactly should we trust anyones ratings other than our own? They've let us down once, I've let myself down thousands of times but I'd still trust my own judgement on where to put my money this year...
Position trader - Anything intraweek is just noise...
  • #8,343
  • Apr 27, 2010 1:44pm Apr 27, 2010 1:44pm
Quoting Arfer Daily
Hmm, why exactly should we trust anyones ratings other than our own? They've let us down once, I've let myself down thousands of times but I'd still trust my own judgement on where to put my money this year...
Good point. It's funny though: Get a downgrade, and the stock tanks.....sheep doing what sheep do best - follow.

It's our job to look over the entire situation and try to make rational decisions in an irrational arena.
  • #8,344
  • Apr 27, 2010 2:48pm Apr 27, 2010 2:48pm
Quoting clockwork71
Good point. It's funny though: Get a downgrade, and the stock tanks.....sheep doing what sheep do best - follow.

It's our job to look over the entire situation and try to make rational decisions in an irrational arena.
Hey Mr Profundity, you're damn right!
Position trader - Anything intraweek is just noise...
  • #8,345
  • Apr 27, 2010 2:55pm Apr 27, 2010 2:55pm
Gold has finally diverged from US equities.

Will it stay that way?

Might be looking to buy little dips soon.
  • #8,346
  • Apr 27, 2010 3:09pm Apr 27, 2010 3:09pm
Quoting Low
Gold has finally diverged from US equities.

Will it stay that way?

Might be looking to buy little dips soon.

I noticed this as well. First time in quite a while it has diverged from oil, too.
  • #8,347
  • Apr 27, 2010 3:51pm Apr 27, 2010 3:51pm
daimler on daily.
divergence macd, round number 40 euro, long bearish engulfing.
will short below the support at ~37,50 euro...
Attached Image (click to enlarge)
Click to Enlarge Name: dai.png Size: 16 KB
meine augen sind die sterne
  • #8,348
  • Apr 27, 2010 6:19pm Apr 27, 2010 6:19pm
It is a battle of the PIN bars. 0.8650 seems to be the line in the sand right now. The daily bar does not close for another 45 min. but I think the bar is formed enough for today. (IBFX Close GMT 00:00).

My sell stop got triggered today on the EURUSD. I am looking forward to seeing where this goes. Luckily I have plenty of time to find out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp d.jpg Size: 118 KB
Click to Enlarge Name: eurusd d.jpg Size: 131 KB
  • #8,349
  • Apr 27, 2010 6:41pm Apr 27, 2010 6:41pm
Quoting Low
Gold has finally diverged from US equities.

Will it stay that way?

Might be looking to buy little dips soon.
WHY won't these bastards just drop down to $1,000? lol
  • #8,350
  • Apr 27, 2010 6:43pm Apr 27, 2010 6:43pm
Quoting aserbfx
daimler on daily.
divergence macd, round number 40 euro, long bearish engulfing.
will short below the support at ~37,50 euro...

I would be aware that the gap might get filled - then act as support, as it normally does.....unless you are trying to fill that gap?
  • #8,351
  • Apr 28, 2010 6:45am Apr 28, 2010 6:45am
Keep your eyes open - EUR to be volatile again today in my estimation. There are a few news conferences scheduled for today in Europe that could announce aid packages for Greece. Again.
  • #8,352
  • Apr 28, 2010 3:46pm Apr 28, 2010 3:46pm
hello,
i am in that eur/gpb trade, too. just one fast question, did it form a double bottom on H4 or am i wrong?
thanks in advance
bless
  • #8,353
  • Apr 28, 2010 5:05pm Apr 28, 2010 5:05pm
Quoting tobias24
hello,
i am in that eur/gpb trade, too. just one fast question, did it form a double bottom on H4 or am i wrong?
thanks in advance
bless
Yes it did form a double bottom on the 4hr chart.

Now the price appears to be consolidating on the 4hr.

We are waiting for a breakout.

Where was your entry?
  • #8,354
  • Apr 28, 2010 5:26pm Apr 28, 2010 5:26pm
Quoting tobias24
hello,
i am in that eur/gpb trade, too. just one fast question, did it form a double bottom on H4 or am i wrong?
thanks in advance
bless
here is my chart and thoughts on the 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.png Size: 25 KB
  • #8,355
  • Apr 28, 2010 5:27pm Apr 28, 2010 5:27pm
Quoting jharvey407
Yes it did form a double bottom on the 4hr chart.

Now the price appears to be consolidating on the 4hr.

We are waiting for a breakout.

Where was your entry?
I would also point out I am wanting to see .80 or even .72 before it's all over. This could be a long, long, long, trade in terms of time. Nice and boring, and profitable?????
  • #8,356
  • Apr 28, 2010 6:14pm Apr 28, 2010 6:14pm
Does anybody else watch US equities and just think to themselves...

WTF?

OK....Big picture I'm bearish US markets, bullish the dollar and somewhat bullish on gold......So every time I see a nice big down-day, I think...

It's about f---kin' time.

And it's nothing but a series of bear-traps.

Now, as a trader I don't trade this, but it does color my perspective, and it's getting harder and harder to believe my own analysis (which I think many of you share) when the everlasting uptrend continues to prove me wrong.

Price is always right.

I'm not ready to reverse my my view, because that seems plainly suicidal, but I may get a bit more conservative cause I'd rather be out than on the wrong side.

Does floating profit increase available margin for the big boys? Cause otherwise I can't figure out where they're getting more money to buy new lipstick for this pig.

Anyways, just a meaningless rant.....
  • #8,357
  • Apr 28, 2010 6:59pm Apr 28, 2010 6:59pm
Quoting Low
Does anybody else watch US equities and just think to themselves...

WTF?

OK....Big picture I'm bearish US markets, bullish the dollar and somewhat bullish on gold......So every time I see a nice big down-day, I think...

It's about f---kin' time.

And it's nothing but a series of bear-traps.

Now, as a trader I don't trade this, but it does color my perspective, and it's getting harder and harder to believe my own analysis (which I think many of you share) when the everlasting uptrend continues to prove me wrong.

Price is always right.

I'm not...

I agree 100%. I understand the idea of running towards the USA and from Europe at the moment, but sooner or later reality has to come back to the picture I would think.

The stock market tends to get a little "over confident" right before it gets pummeled. The trick is timing of course.

I still think the US is a better place to park your money at the moment, but I wouldn't be putting any real money at work right now. (Longer term stock trades as an example. I would be fine with a short term-trade on stocks though.)
  • #8,358
  • Apr 28, 2010 7:09pm Apr 28, 2010 7:09pm
Here's a nice set up I noticed tonight while scanning the charts after work.....

INTC:
Attached Image (click to enlarge)
Click to Enlarge Name: intc.png Size: 64 KB
  • #8,359
  • Apr 29, 2010 5:58am Apr 29, 2010 5:58am
Quoting clockwork71
IThis could be a long, long, long, trade in terms of time. Nice and boring, and profitable?????
Yes, yes and yes.
  • #8,360
  • Apr 29, 2010 6:40am Apr 29, 2010 6:40am
Quoting clockwork71
Here's a nice set up I noticed tonight while scanning the charts after work.....

INTC:
Hi CW,

When you trade stocks, are you using CFDs and if so how long do you normally hold positions for?

Obviously this will be trade dependent however I find the holding costs of CFDs can be quite a bit higher than those for rolling over FX pairs/crosses on a daily basis.

Looking forward to your thoughts.

Cheers, 4x.
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