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Silent Service Method

  • #9,561
  • Jul 3, 2010 3:56am Jul 3, 2010 3:56am
Quoting Danku
This is one quote i really struggle with................
I'm confused by your post. Did you go long? Do you regret it? Did you make money? Or did you pass?
  • #9,562
  • Jul 3, 2010 5:32am Jul 3, 2010 5:32am
No i did not go long, i just regret it.

I did not long because Trend is down and my bias is that CAD$ is strong and trend should resume.............basically i regret because solid PA says go long but was too CHICKEN.....to long...............

Quoting Low
I'm confused by your post. Did you go long? Do you regret it? Did you make money? Or did you pass?
  • #9,563
  • Jul 3, 2010 10:14am Jul 3, 2010 10:14am
Quoting Low
Now it's the eurozone's turn, they can downgrade nations, nationalize banks and whatever else they think will improve the perception of stability. The large traders will buy the rumor and sell the fact somewhere down the road.
An interesting thought I had over the weekend. We often think about the Eurozone as an area with 15 (or whatever) different nations with completely divergent economies trying to operate as a single unit, with a single currency, and a single interest rate structure. Well, some might argue that the USA, a nation with 50 diverse economies, operates under similar constraints.

Take a look at the following chart comparing CDS levels of various states/nations... (CDS stands for credit default swaps, a measure of a nation/company's odds of defaulting on their debt, higher = worse) You might be surprised to find out that certain states are "worse" than many PIIGS countries:

http://bespokeinvest.squarespace.com...=1277992758653

So you're asking, OK sure, what's your point?

My point is simply that since currencies are all about relativity (i.e. how is one relative to the other) there are plenty of spots of weakness within the US so when we judge the US vs. Eurozone lets not forget that the US has its own Portugal, Italy, Greece, and Spain.

The counterargument is that since we love our bailouts here and have a government that has shown its willingness to step in we have more of a unified front to bail these basketcase states out.

But the real question is...is this dollar weakness or euro strength?? We shall see!!
  • #9,564
  • Jul 3, 2010 3:11pm Jul 3, 2010 3:11pm
Quoting Danku
And since i will not be here tomorrow coz of work.................i want to say this.........to all my fellow Traders in the USA

HAPPY INDEPENDENCE DAY...tomorrow.......esp to you Chris and your family, you are truly a blessing.............cheers
Thanks man!
  • #9,565
  • Jul 3, 2010 3:12pm Jul 3, 2010 3:12pm
Looks like Spain is going to beat Paraguay.

I would think we are looking at a Germany - Holland final now. The Spanish have trouble with little Paraguay? The Germans are going to absolutely run all over them.
And Holland/Uruguay shouldn't even be a good game to be honest.

But then again - this is why we play them.....you never know what's going to happen.
  • #9,566
  • Jul 3, 2010 3:18pm Jul 3, 2010 3:18pm
Quoting Danku
No i did not go long, i just regret it.

I did not long because Trend is down and my bias is that CAD$ is strong and trend should resume.............basically i regret because solid PA says go long but was too CHICKEN.....to long...............
It sounds as though you wouldn't have been comfortable if you had taken it, so it doesn't matter.

Lots of things move every day. I don't regret missing things that give no entry, or poor RR.
  • #9,567
  • Jul 3, 2010 3:20pm Jul 3, 2010 3:20pm
Quoting clockwork71
Yes my friend.....it is strange times we are in.
Sometimes I wonder if I'll be able to trade profitably when/if things ever turn "normal" again.

The sum total of my experience has occurred during this crisis. Only time will tell.
  • #9,568
  • Jul 3, 2010 3:54pm Jul 3, 2010 3:54pm
Quoting clockwork71
Brazil gets beaten by my Dutch. Holland is my favorite team beyond the US of course.

Ever wonder why I chose the name clockwork? It's because I originally had an email clockwork_oranje......in honor of the greatest footballing nation on earth.

Hup Holland!
Hi Chris

Know Hollands colours are orange but has it anything to do with the film "Clockwork Orange"? Am I showing my age here? I think you may be a little too young to remember this as I vaguely remember it, never saw it.

Maggi
  • #9,569
  • Jul 3, 2010 4:00pm Jul 3, 2010 4:00pm
Happy Independence Day to you all across the pond.


Maggihttp://cdn.forexfactory.com/images/icons/icon12.gif
  • #9,570
  • Jul 3, 2010 5:23pm Jul 3, 2010 5:23pm
Quoting Maggioz
Hi Chris

Know Hollands colours are orange but has it anything to do with the film "Clockwork Orange"? Am I showing my age here? I think you may be a little too young to remember this as I vaguely remember it, never saw it.

Maggi
Let me assure you that you didn't miss much. One of those movies that movie critics like... which is, in my growing experience, a contrarian indicator... That certainly held true for this movie.

This is why Holland plays in orange colours: http://en.wikipedia.org/wiki/House_of_Orange
  • #9,571
  • Jul 4, 2010 12:08am Jul 4, 2010 12:08am
Quoting Maggioz
Hi Chris

Know Hollands colours are orange but has it anything to do with the film "Clockwork Orange"? Am I showing my age here? I think you may be a little too young to remember this as I vaguely remember it, never saw it.

Maggi
I know the movie well, but no - it's not based on that......I used to get that question a lot though.
  • #9,572
  • Jul 4, 2010 1:00am Jul 4, 2010 1:00am
Happy 4th of July everybody!

Stay safe, have fun, don't drink too much, try not to burn down anything you care about (house, car whatever).

And a big thanks to Chris for sharing his experience, and everybody else on this thread for all your contributions.
  • #9,573
  • Jul 4, 2010 9:13am Jul 4, 2010 9:13am
Happy 4th to all. If you aren't an American - celebrate life instead. Today is no market day - ignore the trading world. It will be here on the 5th as well.
  • #9,574
  • Jul 4, 2010 10:22am Jul 4, 2010 10:22am
happy 4th of july to all of you guys : Chris , calderone , golferfx, low , lionsden. infinitysl ,jharvey and all our american friends here .
samer
  • #9,575
  • Jul 4, 2010 11:02am Jul 4, 2010 11:02am
Uh oh....just saw this:

Looks like France might not be as aggressive on spending cuts as once thought. Could this lead to other European countries raising hell about spending? More protests in Greece, Portugal, Spain, etc?

Hmmmm.....

http://news.yahoo.com/s/ap/20100704/...secret_savings
  • #9,576
  • Edited 5:35pm Jul 4, 2010 5:20pm | Edited 5:35pm
The quarterly candle on the Dow portends further downside action in equities. I see the nearest decent support zone at the 7,500 area. Could we be seeing the right shoulder of a H&S pattern? Are equities a 'buy' at 7,000-7,500?
Attached Image (click to enlarge)
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  • #9,577
  • Jul 4, 2010 9:10pm Jul 4, 2010 9:10pm
Quoting johnnyonspot
The quarterly candle on the Dow portends further downside action in equities. I see the nearest decent support zone at the 7,500 area. Could we be seeing the right shoulder of a H&S pattern? Are equities a 'buy' at 7,000-7,500?

IF we are seeing a right shoulder form - that would be horrible to say the least.......
  • #9,578
  • Jul 4, 2010 9:12pm Jul 4, 2010 9:12pm
Thanks for all the July 4th wishes guys. Spent time relaxing with a few Hoegaardens....

It's a Belgian beer, I know, not very patriotic. lol
  • #9,579
  • Jul 5, 2010 2:12am Jul 5, 2010 2:12am
Quoting clockwork71
Thanks for all the July 4th wishes guys. Spent time relaxing with a few Hoegaardens....

It's a Belgian beer, I know, not very patriotic. lol
And cloudy too! Leffe is my favourite. Do you get it full strength over there or do they water that down too?
Position trader - Anything intraweek is just noise...
  • #9,580
  • Jul 5, 2010 10:14am Jul 5, 2010 10:14am
Quoting Arfer Daily
And cloudy too! Leffe is my favourite. Do you get it full strength over there or do they water that down too?

The alcohol content of Hoegaarden is 4.9%, I am not sure if that's less. I am looking for Piraat, which according to the website is something closer to 9%, which technically makes it a wine as far as the state is concerned.

It's funny that they get watered down over here, when we have Everclear, which most Europeans couldn't handle. It's essentially a grain alcohol that comes in at 90%. (Can be used as a race fuel actually.) Clean moonshine for the most part. But a beer that is 11% is a problem. Go figure.
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