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Silent Service Method

  • #9,101
  • Jun 11, 2010 9:20am Jun 11, 2010 9:20am
Quoting Low
You know what sucks about being long the pound/dollar?
Uh... that being long is counter trend?

Based on what I see on the chart, what you post on this thread, and our last conversation, you seem to be a counter-trend trader.

If you're good at spotting the bounces, but as you stated in a previous post, "right, but only for a short time". It sounds like you simply need to work on your exits. Grab the quick profit BEFORE you go from being right to being wrong.

Would you post a chart of your long entry on the GBPUSD?

I know you were right going long, because I went short and got HAMMERED for a 2% loss.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd w.gif Size: 32 KB
  • #9,102
  • Jun 11, 2010 9:26am Jun 11, 2010 9:26am
For those who have not seen this.

The theme song for the World Cup.

Inserted Video


I think this is song is quite inspirational. There is an English version as well, you can click the link in the lower left portion of the screen to switch from one to the other.
  • #9,103
  • Jun 11, 2010 11:13am Jun 11, 2010 11:13am
So i looked at this thing even more. The previously mentioned GBP trade could be end up being fantastic, if it goes where I think its going:

http://i45.tinypic.com/2dlw09d.gif

1) The 200 SMA will be at or near that location if it takes the 2 weeks I think it is going to take

2) A long standing weekly trendline (red) meets there with everything else.

3) The 6 month old daily trendline meets there (turqouise).

4) S/R zone that is recent, historical and psychological (1.50).

5) The current short term long trendline (green) will lead us right to that spot (which would also possibly create a nice bearish flag if it stays in the current range).

6) (not shown) That point is at the 24 fibo of the leg down that began in july of 2009.
  • #9,104
  • Jun 11, 2010 11:52am Jun 11, 2010 11:52am
Quoting jharvey407
Uh... that being long is counter trend?

Based on what I see on the chart, what you post on this thread, and our last conversation, you seem to be a counter-trend trader.

If you're good at spotting the bounces, but as you stated in a previous post, "right, but only for a short time". It sounds like you simply need to work on your exits. Grab the quick profit BEFORE you go from being right to being wrong.

Would you post a chart of your long entry on the GBPUSD?

I know you were right going long, because I went short and got HAMMERED for a...
You are 100% correct there. this is a post from last night (it's easier than re-loading images) the second position on the swissy got closed for a .25% loss and my third position on the pound is now underwater..the others are at BE:

Quoting Low
Two I'm in:

Charting is MT4 demo, trades on Oanda:

usdchf: short @1.1650 & 1.15

http://i47.tinypic.com/339kgp3.png
http://i50.tinypic.com/2qi385z.png

gbpusd : long @ 1.4409, 1.4426 & 1.4547

http://i49.tinypic.com/2vl4h2o.png
http://i48.tinypic.com/359gtu9.png
  • #9,105
  • Jun 11, 2010 11:54am Jun 11, 2010 11:54am
And the pound daily is currently printing a large outside bar.

I expected some pushback...but it's looking more and more I'll get bumped out. Depending on what happens tomorrow, I may even re-enter as long as the patterns are not invalidated.
  • #9,106
  • Jun 11, 2010 12:54pm Jun 11, 2010 12:54pm
Quoting TraderDavo
I closed all my GBP sells, as I just don't like them right now....

Nice analysis.
  • #9,107
  • Jun 11, 2010 12:56pm Jun 11, 2010 12:56pm
Quoting TraderDavo
I do not think this is extreme at all. 10 years from now, I do not think the Euro exists. In the very least, it will be completely different than we see it today (either the goods or the bads are going to leave/get kicked out).
Yeah, I believe we will either see the Euro disappear completely, or you will basically have a Franco-Germanic block. It would include Benelux, Germany, France, and possibly even Denmark joining.
  • #9,108
  • Jun 11, 2010 12:59pm Jun 11, 2010 12:59pm
Quoting jharvey407
For those who have not seen this.

The theme song for the World Cup.

http://www.youtube.com/watch?v=TR5RQ...os=p1Mg6yw4Kas

I think this is song is quite inspirational. There is an English version as well, you can click the link in the lower left portion of the screen to switch from one to the other.
I find anything with Shakira inspirational.
  • #9,109
  • Jun 11, 2010 2:16pm Jun 11, 2010 2:16pm
After watching 45 minutes of France and Uruguay, one question gets going through my mind: "Which one of these teams suck the most?"
  • #9,110
  • Jun 11, 2010 2:20pm Jun 11, 2010 2:20pm
Quoting clockwork71
After watching 45 minutes of France and Uruguay, one question gets going through my mind: "Which one of these teams suck the most?"
france. because i expected more.
meine augen sind die sterne
  • #9,111
  • Jun 11, 2010 2:29pm Jun 11, 2010 2:29pm
Quoting aserbfx
france. because i expected more.
True I suppose. But both are going to owe me 90 minutes of my life back at this rate. lol
  • #9,112
  • Jun 11, 2010 2:34pm Jun 11, 2010 2:34pm
Quoting clockwork71
After watching 45 minutes of France and Uruguay, one question gets going through my mind: "Which one of these teams suck the most?"
I wouldn't be surprised if France just surrendered.
  • #9,113
  • Jun 11, 2010 2:34pm Jun 11, 2010 2:34pm
Why in the hell is Ally McCoist calling the game in the US? Nobody outside of Scotland can understand him, and even that isn't always a given. lol
  • #9,114
  • Jun 11, 2010 2:36pm Jun 11, 2010 2:36pm
Quoting Low
You are 100% correct there. this is a post from last night (it's easier than re-loading images) the second position on the swissy got closed for a .25% loss and my third position on the pound is now underwater..the others are at BE:
It looks like you had valid reasons for all of the trades.

Work out the exit's and you'll be doing great.

I'm going to check out that other thread too. It looks very interesting.
  • #9,115
  • Jun 11, 2010 3:22pm Jun 11, 2010 3:22pm
The French owe me a written apology. I have never seen a team not want to be on the pitch as much as the Frogs today.
  • #9,116
  • Jun 11, 2010 4:47pm Jun 11, 2010 4:47pm
Apparently Domenech picks his team according to the star signs.
Those born under the star of Libra are not good defenders. Lol
Expect some interesting teams,but why was Henry on the bench?
Massive unrest in the camp, nobody likes to see that!!
  • #9,117
  • Jun 11, 2010 4:53pm Jun 11, 2010 4:53pm
france shouldn't be in south-africa. they just got there because of henry (the thief of saint-denis) in the game against ireland. that is why i am happy about every game where france is failing...
meine augen sind die sterne
  • #9,118
  • Jun 11, 2010 10:40pm Jun 11, 2010 10:40pm
The only people in France that know true football:

Inserted Video
  • #9,119
  • Jun 12, 2010 4:01am Jun 12, 2010 4:01am
Anyone notice that Henry was just there giving instructions instead of playing?

Quoting clockwork71
The only people in France that know true football:

http://www.youtube.com/watch?v=Rp0ks...Ro&feature=sub
  • #9,120
  • Jun 12, 2010 7:12am Jun 12, 2010 7:12am
Quoting clockwork71
The French owe me a written apology. I have never seen a team not want to be on the pitch as much as the Frogs today.
Agreed. I want my 90 minutes back.

That said, I am English. So my default position regarding the French is that they owe me an apology. For everything.
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