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Silent Service Method

  • #9,261
  • Jun 18, 2010 9:29am Jun 18, 2010 9:29am
Quoting clockwork71
I agree, I am wondering if today will be worth bothering with? I wouldn't be looking for new trades today......

USA is on now, I will check thread in a few hours.

That ref in the Germany/Serbia game was dreadful. I would guess his WC is over.
to be honest, germany had a very bad day...
i hope they grab a better one against ghana.
meine augen sind die sterne
  • #9,262
  • Jun 18, 2010 9:31am Jun 18, 2010 9:31am
Today is an interesting day by the way. They call it 'quadruple witching'. For those who don't know what it is, you should google it
The nail that sticks out gets hammered back in
  • #9,263
  • Jun 18, 2010 10:15am Jun 18, 2010 10:15am
Quoting clockwork71
I agree, I am wondering if today will be worth bothering with? I wouldn't be looking for new trades today......
I'm going to leave my pending orders as they are but I'm expecting exactly nothing to happen today.

I've got beer and a cryptic crossword to keep me busy for a while. Next week will show it's hand... up, down or sideways.

England are playing Algeria later so that should be fun.
Position trader - Anything intraweek is just noise...
  • #9,264
  • Jun 18, 2010 10:25am Jun 18, 2010 10:25am
Quoting Noloqy
Today is an interesting day by the way. They call it 'quadruple witching'. For those who don't know what it is, you should google it
http://www.investopedia.com/terms/q/...lewitching.asp

But interesting why? What does it mean to me as a trader?
Position trader - Anything intraweek is just noise...
  • #9,265
  • Jun 18, 2010 10:53am Jun 18, 2010 10:53am
Quoting Arfer Daily
http://www.investopedia.com/terms/q/...lewitching.asp

But interesting why? What does it mean to me as a trader?
It tends to make the stock market extremely volatile, thus throwing the markets around. I comes down to covering positions because of options expiry.
  • #9,266
  • Jun 18, 2010 10:54am Jun 18, 2010 10:54am
Quoting aserbfx
to be honest, germany had a very bad day...
i hope they grab a better one against ghana.

That is true - but the ref was NOT helping.

US about gives the fans a heart attack. Got robbed of the 3rd goal, but should be good against Algeria.
  • #9,267
  • Jun 18, 2010 12:21pm Jun 18, 2010 12:21pm
Quoting clockwork71
It tends to make the stock market extremely volatile, thus throwing the markets around. I comes down to covering positions because of options expiry.
I suppose for stock and futures traders it might matter more but it doesn't mean much to forex though?
Position trader - Anything intraweek is just noise...
  • #9,268
  • Jun 18, 2010 12:31pm Jun 18, 2010 12:31pm
Quoting Arfer Daily
I suppose for stock and futures traders it might matter more but it doesn't mean much to forex though?
Yes it does.....

It has to do with the flow of money. Remember, there are a lot of European firms, British firms, Canadian firms, etc, etc investing in the NYSE as an example. They have to move that money around, thus causing movements in the currency markets.

I should add.....this is a short-term move normally, but it can spike and hurt you.
  • #9,269
  • Jun 18, 2010 12:42pm Jun 18, 2010 12:42pm
Quoting clockwork71
Yes it does.....

It has to do with the flow of money. Remember, there are a lot of European firms, British firms, Canadian firms, etc, etc investing in the NYSE as an example. They have to move that money around, thus causing movements in the currency markets.

I should add.....this is a short-term move normally, but it can spike and hurt you.
Understood, thanks.
Position trader - Anything intraweek is just noise...
  • #9,270
  • Jun 18, 2010 5:47pm Jun 18, 2010 5:47pm
Quoting Noloqy
I was looking at the GBPUSD chart, and noticed another butterfly pattern forming.
It has been quite a choppy pair lately, but if I get a nice PA signal I might short it.
I saw it too, but to me it's small bearish pattern, inside a larger bullish pattern, inside a downtrend.

So I wish you luck on your short, but I'll still be holding out for 1.58, and if it does drop, I may add another long.
  • #9,271
  • Jun 18, 2010 8:04pm Jun 18, 2010 8:04pm
I love gold !!!

$1,350....$1,500....$2,500...$5,000

Who knows...just ride the bronco !!


humble trend follower,


golferfx
Attached Image (click to enlarge)
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  • #9,272
  • Jun 19, 2010 8:03am Jun 19, 2010 8:03am
Quoting golferfx
I love gold !!!

$1,350....$1,500....$2,500...$5,000

Who knows...just ride the bronco !!


humble trend follower,


golferfx

As long as the governments of the world keep playing monetary games, the trend on this is up. I am still waiting for a better price to get in. I have to admit though - I have missed a lot of this leg up. It's been painful to watch!
  • #9,273
  • Jun 19, 2010 10:32am Jun 19, 2010 10:32am
Harry Kewell had a wonderful World Cup, don't you think?

  • #9,274
  • Jun 19, 2010 7:07pm Jun 19, 2010 7:07pm
check out this chart:
Attached Image (click to enlarge)
Click to Enlarge Name: oats.png Size: 71 KB
  • #9,275
  • Jun 19, 2010 9:37pm Jun 19, 2010 9:37pm
As we don't have much in the way of action, I would suggest that it is times like these that are truly dangerous for the average trader.

When we start trading, we worry about those 400 pip days wiping out large chunks of our account. The truth is quite different though. It is more likely days, (or weeks) like this that will hurt your account more than anything. When you are a forex trader, and only have 16 pairs or so to look at - you begin to try and find things. Trading out of boredom ensues, and then the losses start to pile up.

As a general rule, if you don't see a potential set up within a few seconds of looking at a chart, it's a less than optimal set up. And in my opinion, it's been less than optimal lately. It's times like these that we are better off sitting on our hands.

And that my friends, is the hardest part of trading. Not trading.

Chris
  • #9,276
  • Jun 20, 2010 8:33am Jun 20, 2010 8:33am
Quoting clockwork71

And that my friends, is the hardest part of trading. Not trading.

Chris

Ah... it has all become clear.

You teach the art of 'trading without trading'.

It's like opening a fortune cookie,
that has no fortune.
Written by a master,
that does not exist.
Searching for an answer,
that you already know.
  • #9,277
  • Jun 20, 2010 8:59am Jun 20, 2010 8:59am
Quoting jharvey407
Ah... it has all become clear.

You teach the art of 'trading without trading'.

It's like opening a fortune cookie,
that has no fortune.
Written by a master,
that does not exist.
Searching for an answer,
that you already know.

lol, cute.
  • #9,278
  • Jun 20, 2010 11:56am Jun 20, 2010 11:56am
Seriously, Italy need to go the hell home. And that penalty was sad. My grandmother could have taken a harder challenge than that.

Good result for the Kiwis though!
  • #9,279
  • Jun 20, 2010 12:04pm Jun 20, 2010 12:04pm
http://www.hiddenmysteries.net/gltes...00610081702539
  • #9,280
  • Jun 20, 2010 2:09pm Jun 20, 2010 2:09pm
Hi Folks

George Osborne ( Chancellor) was on TV this morning talking about the Budget on Tues. Looks like there wil be cuts, cuts and more cuts across all sectors.

Anybody have any thoughts on what effect this will have on Sterling?

Maggi
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