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Silent Service Method

  • #10,781
  • Sep 23, 2010 8:58am Sep 23, 2010 8:58am
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  • #10,782
  • Sep 23, 2010 3:20pm Sep 23, 2010 3:20pm
I have being lurking around this thread and I have gleaned alot of information from this thread. I will like to thank Clockwork for his dedication to this thread. Looking at a weekly chart for coffee, there is a pinbar for week ending 18/09/10. Am I right to infer that 195 is a resistance, and if the weekly bar of 19/09/10 closes below Fib line 23.6%, this signals for a short entry. What do you make of this analysis Clockwork?
  • #10,783
  • Sep 23, 2010 4:07pm Sep 23, 2010 4:07pm
Quoting pipforcolumb
I have being lurking around this thread and I have gleaned alot of information from this thread. I will like to thank Clockwork for his dedication to this thread. Looking at a weekly chart for coffee, there is a pinbar for week ending 18/09/10. Am I right to infer that 195 is a resistance, and if the weekly bar of 19/09/10 closes below Fib line 23.6%, this signals for a short entry. What do you make of this analysis Clockwork?
Seriously, it takes a real man to trade coffee, unless you are doing CFDs......but, you are correct to look towards the weekly chart in the less liquid markets.

I am attaching the chart I drew up for coffee, I see the Fib you speak of, but this chart is just focusing on the very basic, and it says the same thing.

Thanks for this post!
Attached Image (click to enlarge)
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  • #10,784
  • Edited 5:55pm Sep 23, 2010 5:15pm | Edited 5:55pm
Quoting clockwork71
Seriously, it takes a real man to trade coffee, unless you are doing CFDs......but, you are correct to look towards the weekly chart in the less liquid markets.

I am attaching the chart I drew up for coffee, I see the Fib you speak of, but this chart is just focusing on the very basic, and it says the same thing.

Thanks for this post!
Am using AVAFX Demo platform, I dont think am ready to trade coffee with real moneyand its CFDs. lol
  • #10,785
  • Sep 23, 2010 8:07pm Sep 23, 2010 8:07pm
Quoting pipforcolumb
Am using AVAFX Demo platform, I dont think am ready to trade coffee with real moneyand its CFDs. lol
Did you sign up through my site? If so, send me an email, if you go live, they pay for 6 months membership.
  • #10,786
  • Sep 24, 2010 3:48am Sep 24, 2010 3:48am
Quoting clockwork71
Did you sign up through my site? If so, send me an email, if you go live, they pay for 6 months membership.
No, I did not sign up through your site and I did not use my real details to sign up with them. when am ready to go live I will sign up through your website.
  • #10,787
  • Sep 24, 2010 6:21am Sep 24, 2010 6:21am
Quoting pipforcolumb
No, I did not sign up through your site and I did not use my real details to sign up with them. when am ready to go live I will sign up through your website.
Coolio. Just let me know via email, and I will get ya hooked up.
  • #10,788
  • Sep 24, 2010 8:36am Sep 24, 2010 8:36am
There are rumors of Japanese intervention overnight in the FX markets. For their sake, I hope it isn't true.....because if it is, they have issues.
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  • #10,789
  • Edited 8:44am Sep 24, 2010 8:42am | Edited 8:44am
Forexlive posted on this earlier, they said they don't believe it was BOJ intervention, just a large order for someone.

It's retraced to nearly the 50 fib from the intervention point. I think BOJ is seeing what happens when you try to move the market without help from other central banks.
Disregard all prognostications.
  • #10,790
  • Sep 24, 2010 9:55am Sep 24, 2010 9:55am
Quoting Pidgeon
Forexlive posted on this earlier, they said they don't believe it was BOJ intervention, just a large order for someone.

It's retraced to nearly the 50 fib from the intervention point. I think BOJ is seeing what happens when you try to move the market without help from other central banks.

Ahhh...makes more sense now. Probably Honda or Sony....someone like that.

On second thought - it was probably Samer.
  • #10,791
  • Sep 24, 2010 9:55am Sep 24, 2010 9:55am
Thanks for pushing EUR/CHF up guys. I thought I asked you all to do that two days ago - but better late than never I suppose! :-)
  • #10,792
  • Sep 24, 2010 10:05am Sep 24, 2010 10:05am
EURUSD - almost on 1.3500

GBPUSD - at 1.5800 (might go upto 1.6000)


Interesting levels
My edge ===> Patience
  • #10,793
  • Sep 24, 2010 10:33am Sep 24, 2010 10:33am
Quoting clockwork71
Ahhh...makes more sense now. Probably Honda or Sony....someone like that.

On second thought - it was probably Samer.
Samer, a likely culprit

Seriously though it was a rumour circulated that Shirakawa the BOJ governor had resigned because he doesn't agree with intervention. The market moved a little on the news and then everyone else piled in.

BOJ came out late Asia and said " Shirakawa-san werry heppy wit job at BOJ. Furthemore, it wirr be crear when we in market! Arigato Gozaimasu"

So everyone bailed.

Then they announced - "better for girr to meet boy in park but better for boy to park meat in girr"

Or at least that is how it played out on my trade the news feed.

Enjoy the weekend everyone.

BTW - Chris your EURCHF trade looks good now mate. Goldman came out today calling a top in it here and targeting 1.27, We all know that you take the inverse position on Goldman advice and you're in it.

Remember, Eur to parity from 118, more recently EUR to 1.37 = swoon to 126 level, most recently Euro to fall in to year end = rally into 1.35.

They suck.
  • #10,794
  • Sep 24, 2010 11:59am Sep 24, 2010 11:59am
Quoting 4xAddict

Then they announced - "better for girr to meet boy in park but better for boy to park meat in girr"
  • #10,795
  • Sep 24, 2010 2:50pm Sep 24, 2010 2:50pm
The EURO has moved up 50% of the move down. I am watching

Thanks Kulu
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  • #10,796
  • Sep 24, 2010 2:54pm Sep 24, 2010 2:54pm
Also watching this one for price action.

Kulu
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  • #10,797
  • Sep 24, 2010 2:55pm Sep 24, 2010 2:55pm
Quoting 4xAddict
Samer, a likely culprit

Seriously though it was a rumour circulated that Shirakawa the BOJ governor had resigned because he doesn't agree with intervention. The market moved a little on the news and then everyone else piled in.

BOJ came out late Asia and said " Shirakawa-san werry heppy wit job at BOJ. Furthemore, it wirr be crear when we in market! Arigato Gozaimasu"

So everyone bailed.

Then they announced - "better for girr to meet boy in park but better for boy to park meat in girr"

Or at least that is how it played out on my trade...

LOL. Great post.
  • #10,798
  • Sep 24, 2010 2:56pm Sep 24, 2010 2:56pm
Quoting kulu
Also watching this one for price action.

Kulu

Me too.....have been waiting all week. But then again - we may see it next week.
  • #10,799
  • Sep 24, 2010 2:56pm Sep 24, 2010 2:56pm
Quoting kulu
The EURO has moved up 50% of the move down. I am watching

Thanks Kulu

I believe 1.35 is a huge area myself.
  • #10,800
  • Sep 24, 2010 4:06pm Sep 24, 2010 4:06pm
Quoting aserbfx
ok.
i bet you like breakouts. do you like this?
approaching the 80 usd. about +10%.
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meine augen sind die sterne
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