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Silent Service Method

  • #10,601
  • Sep 3, 2010 10:11am Sep 3, 2010 10:11am
Quoting clockwork71
Gang -

I just wanted to write a quick thank you note to all of you that have contributed to the thread in your own ways.

Recently, we have seen several threads implode for various reasons in the forum. It appears that drama has taken over as the rule of law as various people come out of the woodwork to "get involved" with "investigations" and others question the validity of other commercial members. There is even the drama revolving around a social network, and the roasting of it's leader on another thread.

While I have no comment on my...
And just as an FYI, if you need Chris' number, I have it. Just email me He is who he says he is. I know where he lives and have met his kids. And besides, I don't think he has claimed he trades $2-5K/pip positions. If he did, I must have missed it and just let me know and I will make arrangements with you and take you to his house and we can both look at his statements.

Ok, kidding aside, thanks a lot Chris. You really made a difference in my trading. Enjoy your long weekend with the boys (that incl. Odie )

Enjoy your long weekend folks. Be safe.

Kulu
  • #10,602
  • Sep 3, 2010 12:11pm Sep 3, 2010 12:11pm
http://i53.tinypic.com/zuqe6e.png
  • #10,603
  • Sep 3, 2010 12:29pm Sep 3, 2010 12:29pm
http://i51.tinypic.com/258rzoo.png
  • #10,604
  • Sep 3, 2010 3:25pm Sep 3, 2010 3:25pm
Too many charts showing cad strength. Please ignore previous u/cad chart.

Here's another one:

http://i55.tinypic.com/av64ur.png
  • #10,605
  • Sep 3, 2010 3:33pm Sep 3, 2010 3:33pm
Quoting clockwork71
Tomorrow is NFP, and as such.....you should be flat if you are not in a long term trade at the moment.

Tomorrow's number will be important, yet the real truth of the markets could come as late as Tuesday as Americans are away at holiday over the weekend.

I think you should have a great Labor Day weekend, hell....even if you are in Europe. Why not?

Do what the Americans do. Have a cookout, hang out by a lake. Get hammered. Fight with your cousins. And wake up with a ripping hangover on Monday, and a curiosity as to where in the hell your pants...
Like u r post bro Valuable as always
Hope newbie learn in easy way u offer not Hard way
  • #10,606
  • Sep 3, 2010 4:53pm Sep 3, 2010 4:53pm
Found this interesting, from another thread:

http://www.bloomberg.com/video/62648778/
  • #10,607
  • Sep 3, 2010 5:34pm Sep 3, 2010 5:34pm
Quoting Danku
Hey Gang, looks like we might have a direction for the coming months...................NFP news good for US$ but pound and euro strengthening, very interesting.....what are your thoughts on this?
I think the real direction will be shown next week. Volumes are still light......

Next Friday I expect to be able to say such things.
  • #10,608
  • Sep 3, 2010 5:42pm Sep 3, 2010 5:42pm
Quoting Low
Too many charts showing cad strength. Please ignore previous u/cad chart.

Here's another one:

http://i55.tinypic.com/av64ur.png

This is great analysis, the main reason is you are seeing CAD strength in several places, so it tells you that you probably don't want to go the other way against the USD.....
  • #10,609
  • Sep 3, 2010 10:46pm Sep 3, 2010 10:46pm
Quoting Low
http://i53.tinypic.com/zuqe6e.png
Yes but would you want to trade against your pretty squiggly line?
Position trader - Anything intraweek is just noise...
  • #10,610
  • Sep 3, 2010 11:14pm Sep 3, 2010 11:14pm
Quoting Arfer Daily
Yes but would you want to trade against your pretty squiggly line?
My Bad. In the future I'll try to dress my charts differently for each thread I post them on so as not to offend the sensitivities of other traders.


God forbid someone somewhere sees things differently.
  • #10,611
  • Sep 4, 2010 1:19pm Sep 4, 2010 1:19pm
Quoting Low
My Bad. In the future I'll try to dress my charts differently for each thread I post them on so as not to offend the sensitivities of other traders.


God forbid someone somewhere sees things differently.
Hi Low/CW,

I really think that we are looking at a bottom here in the markets for the time being that will lead us into a rally across stock and risk assets into October now.

The stock and bond markets seem to be pricing in a double dip recession and we would have to see some really dreadful set of circumstances unfold in order to surprise the market massively to the down side.

Last time the market was this bearish around March 2009 we climbed a wall of worry for quite a while. I am not saying that we will see the returns we saw to the upside in 2009 however it looks to me like risk will slowly become supported again going into Sept and Oct.

Key levels will be 1200-1250 in the S&P and between 78.25-79.00 on the USD Index from my calculations. This would leave Cable around 1.60, AUD around 0.95-0.96, Euro around 1.37 and Gold around the 1300 mark before a new push downwards.

The only pair that I am still unsure about at this point is the USDJPY. It looks intent on testing its recent lows again regardless of the news. This could see USDJPY testing the 0.80-0.82 range and any intervention would certainly assist in bringing a risk currency rally to a temporary halt.

That's my 2 cents worth but will be watching the markets intently in the coming weeks with a bullish bias.

Cheers,

4x.
  • #10,612
  • Sep 4, 2010 1:32pm Sep 4, 2010 1:32pm
Quoting Low
God forbid someone somewhere sees things differently.
...Touchy Touchy...

I'm pretty sure he was joking with you -- hence the "wink" on the emoticon...
  • #10,613
  • Sep 4, 2010 2:34pm Sep 4, 2010 2:34pm
Quoting Low
My Bad. In the future I'll try to dress my charts differently for each thread I post them on so as not to offend the sensitivities of other traders.


God forbid someone somewhere sees things differently.
Infinity has it right. I don't have sensitivities, I just trade my own chart. Sorry you didn't see the joke.
Position trader - Anything intraweek is just noise...
  • #10,614
  • Sep 4, 2010 4:02pm Sep 4, 2010 4:02pm
Quoting 4xAddict
Hi Low/CW,

I really think that we are looking at a bottom here in the markets for the time being that will lead us into a rally across stock and risk assets into October now.

The stock and bond markets seem to be pricing in a double dip recession and we would have to see some really dreadful set of circumstances unfold in order to surprise the market massively to the down side.

Last time the market was this bearish around March 2009 we climbed a wall of worry for quite a while. I am not saying that we will see the returns we saw to the upside...

I agree with your thoughts with the caveat that this coming week's close is where I want to make my decision. I think that the extremely low volume is still a factor. This coming week, we will see all the "big fish" return to the pond. I believe they will make their thoughts well known.
  • #10,615
  • Sep 5, 2010 6:12pm Sep 5, 2010 6:12pm
For you guys in Europe and Asia.....

Remember that Monday is a major holiday in the United States, and as such....there will be almost no volume at all in the Forex markets during your Monday night......

Chris
  • #10,616
  • Sep 5, 2010 10:18pm Sep 5, 2010 10:18pm
Podcast up on the blog.....
  • #10,617
  • Sep 6, 2010 9:04am Sep 6, 2010 9:04am
In case you haven't seen this - We have until Oct 18th if you were planning to protest this and leave your US broker. At least, its not 10:1.

http://www.forexcrunch.com/forex-lev...ders-run-away/
Disregard all prognostications.
  • #10,618
  • Sep 6, 2010 9:49am Sep 6, 2010 9:49am
Quoting Pidgeon
In case you haven't seen this - We have until Oct 18th if you were planning to protest this and leave your US broker. At least, its not 10:1.

http://www.forexcrunch.com/forex-lev...ders-run-away/
This is a bit off-topic, but I'll take the bait...

Why would anyone who trades this method want more than 50-1 leverage? That is pretty comical.

Let me give you an example: if you have a $50,000 account, 50-1 leverage gives you a max position size of $2.5mm.

I'll use Eur/USD as an example:
10,000 units = $1/pip
100,000 = $10pip
1,000,000 = $100pip
$2.5mm = $250pip...

So if you use max-leverage and lose 10pips, you've lost 5% of your account, losing 20pips = 10% of your account and losing 100pips you've wiped out half your account.

So my basic point is, why would you want to use 50-1 leverage? Basically what the CFTC is saying is, 50-1 leverage gives a person more than enough rope to hang themselves with. 100-1 leverage would only require a 50-pip move to wipe out half your account.

To me, this is like having an argument about the cops lowering the speed limit from 250mph down to 150mph.
  • #10,619
  • Sep 6, 2010 11:12am Sep 6, 2010 11:12am
Quoting InfinitySL
This is a bit off-topic, but I'll take the bait...

Why would anyone who trades this method want more than 50-1 leverage?...
I agree with your sentiments entirely infinity on leverage.

It does concern me though that the US is quickly descending into a police state. What's funny is it's supposedly designed to protect "people from themselves" when they actually need protection from the guys making the rules.

This is just another cause of politics shutting the gate after the horse has bolted.

They would be better off explaining in terms that the average Joe in the US can understand that unfortunately due to gross mismanagement of your country on your behalf, your politicians have created a scenario where your standard of living, resulting quality of life and future prospects of your children have and will continue to be severely affected for a considerable time into the future. Furthermore, most of the sweat equity that your forefathers poured into your great country has been squandered and "Uncle Sam wants YOU" to bend your back for the next generation or so to ensure prosperity for future generations.

When are they just going to admit their mistake and start telling people exactly how BAD things are going to be and a realistic assessment of how long this will be for.

It's the same in the UK, the average person understands that things are screwed. All they want is to know how bad is it really and what does it truly mean for me?

Deciding to curtail people's rights with further rules now after overseeing the loss of vast portions of their economy and job prospects is so unfathomably outrageous, I can't believe people aren't outside the halls of power in Washington shooting at them.

Amazing.
  • #10,620
  • Sep 6, 2010 11:35am Sep 6, 2010 11:35am
Quoting 4xAddict
I agree with your sentiments entirely infinity on leverage.......
What's really ironic is that at the same time the Frank-Dodd Bill is regulating the retail trader to protect him from himself, Barney Frank is also pushing a separate measure through Congress to legalize Online poker.

So it's OK to lose all your money gambling, but it's not OK to lose all your money trading?????

Only in America.

Liberty and security rest on opposite sides of a scale. The more you have of one, the less you have of another.
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