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Silent Service Method

  • #10,041
  • Jul 27, 2010 4:00pm Jul 27, 2010 4:00pm
Nzdusd - Daily B grade pin
Small enough and going against little boss.
Very high chance of a reaction off .72 since the 50% of the last 2 moves held.
Thats what im waiting for. Next week
  • #10,042
  • Jul 27, 2010 5:56pm Jul 27, 2010 5:56pm
Ever get the feeling we could be setting up for USD strength tomorrow?
  • #10,043
  • Jul 27, 2010 5:59pm Jul 27, 2010 5:59pm
Quoting clockwork71
I wouldn't be quick to over exposed to CHF, I think you are correct in worrying about that my man.

I think EUR/CHF is still a short - just not now.
Chris, this could well be my last post here, it's a wife thing, you'll understand... (ie I don't think we are any longer together!). I couldn't find a midget skateboarding on a bar, which pains me, but I like to think I left the thread with more than I came with. As a result here's a tune...

Inserted Video


Much respect to everyone here, low, infinity, 4x addict, calderone, the others, you know who you are! Thanks for shits and giggles, if I ever get a life and an active internet connection in my next life then I will be back.

I wish I could leave more behind me but don't we all...
Position trader - Anything intraweek is just noise...
  • #10,044
  • Jul 27, 2010 8:57pm Jul 27, 2010 8:57pm
Quoting Arfer Daily
Chris, this could well be my last post here, it's a wife thing, you'll understand... (ie I don't think we are any longer together!). I couldn't find a midget skateboarding on a bar, which pains me, but I like to think I left the thread with more than I came with. As a result here's a tune...

http://www.youtube.com/watch?v=7Aw5CRoNyhg

Much respect to everyone here, low, infinity, 4x addict, calderone, the others, you know who you are! Thanks for shits and giggles, if I ever get a life and an active internet connection in my next life...

Sorry to hear that Arfur. Come back soon my friend. You will be missed.
  • #10,045
  • Jul 27, 2010 8:59pm Jul 27, 2010 8:59pm
Funny, I just posted a video about how I thought the Aussie was about to give up 200 pips about 90 minutes ago in my private forum.

And well, it's trying....
  • #10,046
  • Jul 27, 2010 9:07pm Jul 27, 2010 9:07pm
Quoting clockwork71
Funny, I just posted a video about how I thought the Aussie was about to give up 200 pips about 90 minutes ago in my private forum.

And well, it's trying....
Awesome Chris. I saw the daily pin on the AUDUSD, but didn't like the size and the fact it didn't close below .9000.

Now, I can see a sort of Head and Shoulders forming on Gold, but I still cannot see a reason this fell so quickly.

Was there a fundamental reason behind this?

Always trying to learn.

T.J.
  • #10,047
  • Jul 27, 2010 11:20pm Jul 27, 2010 11:20pm
Quoting unlv_tj
Awesome Chris. I saw the daily pin on the AUDUSD, but didn't like the size and the fact it didn't close below .9000.

Now, I can see a sort of Head and Shoulders forming on Gold, but I still cannot see a reason this fell so quickly.

Was there a fundamental reason behind this?

Always trying to learn.

T.J.
Gold lives in it's own universe. But....if the USD rises - in general it means gold can fall.....because it takes less USD to buy that same amount of gold. This is true with a lot of commodities. You can see this in gold, oil, silver....hell there are days when grains behave the same way.
  • #10,048
  • Edited 11:48pm Jul 27, 2010 11:30pm | Edited 11:48pm
Hi Chris. I read from another thread that the volume indicator on MT4 is not actual volume.. it's just ticks from the broker. Do you have another source for volume (not MT4)?

BTW, the MT4 MACD is not the standard MACD, I believe OsMa is.
  • #10,049
  • Jul 27, 2010 11:51pm Jul 27, 2010 11:51pm
Quoting albertsy2
Hi Chris. I read from another thread that the volume indicator on MT4 is not actual volume.. it's just ticks from the broker. Do you have another source for volume (not MT4)?

BTW, the MT4 MACD is not the standard MACD, I believe OsMa is.
Volume in the FOREX market is something you will never get. The simple reason is that it is more of a "confederation" of sorts and not a union. There are just too many brokers out there.

There is no central exchange. As such, there is no reliable metric for volume. At best, you are getting volume from YOUR broker. And that means nothing. Futures have real volume, but you aren't trading that market. As a side note, when I read articles about "Certain big players were seen buying the Euro at 1.30", I laugh. Seen by whom? The other guys in their offices? lol Without that central building....well, where are they all hanging out to be seen at? :-)

To be honest - I don't even worry about volume in the FX market, it's just not worth the hassle.

Good question, thanks for asking it.

Chris
  • #10,050
  • Jul 28, 2010 2:07am Jul 28, 2010 2:07am
Quoting Arfer Daily
Chris, this could well be my last post here, it's a wife thing, you'll understand... (ie I don't think we are any longer together!). I couldn't find a midget skateboarding on a bar, which pains me, but I like to think I left the thread with more than I came with. As a result here's a tune...

http://www.youtube.com/watch?v=7Aw5CRoNyhg

Much respect to everyone here, low, infinity, 4x addict, calderone, the others, you know who you are! Thanks for shits and giggles, if I ever get a life and an active internet connection in my next...
Mate, very sorry to hear you are leaving and hope things work out for you ok. I am sure we'll see you back some time soon.

Take care Arfur.
  • #10,051
  • Jul 28, 2010 2:13am Jul 28, 2010 2:13am
Quoting clockwork71
Volume in the FOREX market is something you will never get. The simple reason is that it is more of a "confederation" of sorts and not a union. There are just too many brokers out there.

There is no central exchange. As such, there is no reliable metric for volume. At best, you are getting volume from YOUR broker. And that means nothing. Futures have real volume, but you aren't trading that market. As a side note, when I read articles about "Certain big players were seen buying the Euro at 1.30", I laugh. Seen by whom? The other guys in...
I agree, it has little benefit besides seeing if your broker had a good day or not

Regarding the articles about big players, I asked a friend who works trading spot in the city here in London and he said that those calls are normally related to options purchases that are made to hedge actual purchases that are "planned" but not necessarily taking place on that day.

As you have pointed out a number of times, price action will tell you where the "big money" is which at the moment appear to be on holidays
  • #10,052
  • Jul 28, 2010 2:33am Jul 28, 2010 2:33am
Quoting unlv_tj
Awesome Chris. I saw the daily pin on the AUDUSD, but didn't like the size and the fact it didn't close below .9000.

Now, I can see a sort of Head and Shoulders forming on Gold, but I still cannot see a reason this fell so quickly.

Was there a fundamental reason behind this?

Always trying to learn.

T.J.

CPI figures came out in Aus yesterday and they were lower than expected.

Theres an RBA meeting next week and this will lower the chances for a rate hike.
  • #10,053
  • Jul 28, 2010 2:39am Jul 28, 2010 2:39am
Quoting Arfer Daily
Chris, this could well be my last post here, it's a wife thing, you'll understand... (ie I don't think we are any longer together!). I couldn't find a midget skateboarding on a bar, which pains me, but I like to think I left the thread with more than I came with. As a result here's a tune...

http://www.youtube.com/watch?v=7Aw5CRoNyhg

Much respect to everyone here, low, infinity, 4x addict, calderone, the others, you know who you are! Thanks for shits and giggles, if I ever get a life and an active internet connection in my next life...
Come back when you get things sorted - all the best Arfur.
  • #10,054
  • Jul 28, 2010 3:25am Jul 28, 2010 3:25am
Quoting clockwork71
Funny, I just posted a video about how I thought the Aussie was about to give up 200 pips about 90 minutes ago in my private forum.

And well, it's trying....
Audusd looks to be resuming its bull march. A hammer off .845 tomorrow would be sweet
  • #10,055
  • Jul 28, 2010 4:42am Jul 28, 2010 4:42am
is it a pin bar on 4hr EJ? 28 july 0:00, so long EJ?

cheers,
Bethel
  • #10,056
  • Jul 28, 2010 5:54am Jul 28, 2010 5:54am
Quoting Bethel
is it a pin bar on 4hr EJ? 28 july 0:00, so long EJ?

cheers,
Bethel
Which timezone is your broker in Bethel?
  • #10,057
  • Jul 28, 2010 6:42am Jul 28, 2010 6:42am
This is one I've been watching for a few weeks now and would appreciate any thoughts.

Don't normally use RSI but looks like a nice divergence? - I like the CAD bcos its a petro currency(Oil will go up from here IMO) and the UK is in deep sh*t. Price just can't seem to break the 200 MA.

Yeah I know its a proxy for cable but I can't/won't buy the dollar.

Attached Image (click to enlarge)
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  • #10,058
  • Jul 28, 2010 6:49am Jul 28, 2010 6:49am
Just saw this thread... signin in to have a better look!

Cheers to all!!
I don't want a job, i want money!
  • #10,059
  • Jul 28, 2010 7:44am Jul 28, 2010 7:44am
Quoting stewrigh
This is one I've been watching for a few weeks now and would appreciate any thoughts.

Don't normally use RSI but looks like a nice divergence? - I like the CAD bcos its a petro currency(Oil will go up from here IMO) and the UK is in deep sh*t. Price just can't seem to break the 200 MA.

Yeah I know its a proxy for cable but I can't/won't buy the dollar.

Attachment
Note sure mate, but is that an upside down cup and handle formation given it's a daily chart and those are more meaningful on longer TFs?

If it is it means we may have some further gains but I like your call. The UK is fooked!
  • #10,060
  • Jul 28, 2010 8:03am Jul 28, 2010 8:03am
Quoting Arfer Daily
Chris, this could well be my last post here, it's a wife thing, you'll understand... (ie I don't think we are any longer together!). I couldn't find a midget skateboarding on a bar, which pains me, but I like to think I left the thread with more than I came with. As a result here's a tune...

http://www.youtube.com/watch?v=7Aw5CRoNyhg

Much respect to everyone here, low, infinity, 4x addict, calderone, the others, you know who you are! Thanks for shits and giggles, if I ever get a life and an active internet connection in my next life...
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