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Silent Service Method

  • #11,101
  • Oct 23, 2010 7:53pm Oct 23, 2010 7:53pm
Quoting stewrigh
Chris,

Just listened to the podcast where you mention the Swissie.

I think this explains some of the recent moves - In the FT today

http://www.ft.com/cms/s/0/fe4864d8-d...44feabdc0.html

Would tie in nicely with the CHF/JPY falling apart on Friday. The news was released, and the sheep followed. Of course, the thing none of them thought of was that they have already been doing it.....so it is hard to tell the long-term move.

Thanks for the info. I just couldn't find any reason.

Chris
  • #11,102
  • Oct 24, 2010 8:49am Oct 24, 2010 8:49am
I believe while the rest of the world follows the EUR/USD pair - that the real signal is going to be in the GBP/USD pair. Nice weekly trend line being tested, right under a major resistance area.

A break of the trend line is a great short signal......

If we get above the 1.58-1.60 resistance area, then 1.68-1.70 could be seen in a couple of weeks....
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  • #11,103
  • Oct 24, 2010 10:33am Oct 24, 2010 10:33am
Quoting clockwork71
I believe while the rest of the world follows the EUR/USD pair - that the real signal is going to be in the GBP/USD pair. Nice weekly trend line being tested, right under a major resistance area.

A break of the trend line is a great short signal......

If we get above the 1.58-1.60 resistance area, then 1.68-1.70 could be seen in a couple of weeks....
Chris,

I tend to agree with you but my problem with this pair is that, imo, they are both very week currencies, fundamentally, so I'm reluctant to buy either.

I'm much more comfortable shorting against the loonie or swissie.
  • #11,104
  • Oct 24, 2010 7:06pm Oct 24, 2010 7:06pm
Quoting stewrigh
Chris,

I tend to agree with you but my problem with this pair is that, imo, they are both very week currencies, fundamentally, so I'm reluctant to buy either.

I'm much more comfortable shorting against the loonie or swissie.

I wouldn't short the USD against the CAD at the moment. The weekly and perhaps even the monthly chart is telling yo a different story at the moment. (In fact, it was so compelling, it was part of my "Chart of the week." videos this weekend, along with some possible fundamental reasons.)
  • #11,105
  • Oct 24, 2010 7:11pm Oct 24, 2010 7:11pm
CHF/JPY
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  • #11,106
  • Oct 25, 2010 1:35am Oct 25, 2010 1:35am
Quoting clockwork71
I wouldn't short the USD against the CAD at the moment. The weekly and perhaps even the monthly chart is telling yo a different story at the moment. (In fact, it was so compelling, it was part of my "Chart of the week." videos this weekend, along with some possible fundamental reasons.)

I was thinking more of the pound Cad.
  • #11,107
  • Oct 25, 2010 7:13am Oct 25, 2010 7:13am
So let me get this straight...

A $1 bill is made of 25% linen and 75% cotton.

Cotton has gone limit-up today (thanks ben bernanke).

So since the USD is 75% cotton, the USD should be up...right?

http://timingcharts.com/sites/defaul...5743218b60.png

(not a trade here I don't think -- I just found it funny)
  • #11,108
  • Oct 25, 2010 1:34pm Oct 25, 2010 1:34pm
Quoting InfinitySL
So let me get this straight...

A $1 bill is made of 25% linen and 75% cotton.

Cotton has gone limit-up today (thanks ben bernanke).

So since the USD is 75% cotton, the USD should be up...right?

http://timingcharts.com/sites/defaul...5743218b60.png

(not a trade here I don't think -- I just found it funny)

I am not sure.....but it does make one wonder, doesn't it? lol

Maybe Ben has a lot of cotton somewhere. He's from South Carolina after all.
  • #11,109
  • Oct 25, 2010 2:18pm Oct 25, 2010 2:18pm
Quoting clockwork71
I am not sure.....but it does make one wonder, doesn't it? lol

Maybe Ben has a lot of cotton somewhere. He's from South Carolina after all.
Actually, Ben is known to buy his cotton from this guy. (don't share this, it's kind of inside info)

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  • #11,110
  • Oct 25, 2010 6:22pm Oct 25, 2010 6:22pm
I am not sure why existing home sales are up - there is a report that in Columbus, which has a decent economy considering.....

that home sales are down 28%!
  • #11,111
  • Oct 25, 2010 10:33pm Oct 25, 2010 10:33pm
Here is a possible set up for a weaker AUD, subject of the video tonight.
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  • #11,112
  • Oct 25, 2010 10:35pm Oct 25, 2010 10:35pm
Quoting o990l6mh
Actually, Ben is known to buy his cotton from this guy. (don't share this, it's kind of inside info)

http://www.youtube.com/watch?v=dEMVwZRJ-UQ
Ah....a Swedish Classic. This guy, and ABBA.

:-)
  • #11,113
  • Edited 10:00am Oct 26, 2010 9:23am | Edited 10:00am
My position on CADCHF got taken out by an ill-placed stop-loss but that trade is still running for those intelligent enough to have patience (and about 150 pips to the good)...

Onto the next one.
  • #11,114
  • Edited 1:18pm Oct 26, 2010 1:06pm | Edited 1:18pm
im sorry to hear this , because you draw my attention to this pair , my stop loss is under the weekly pin .
dont be upset about it , we all do mistakes . there is always another trade around the corner .
samer

ps : i want to thank you for your comments and posts its as always very interesting .

Quoting InfinitySL
My position on CADCHF got taken out by an ill-placed stop-loss but that trade is still running for those intelligent enough to have patience (and about 150 pips to the good)...

Onto the next one.
  • #11,115
  • Oct 26, 2010 1:15pm Oct 26, 2010 1:15pm
http://i54.tinypic.com/jqnrbp.png
  • #11,116
  • Oct 26, 2010 4:08pm Oct 26, 2010 4:08pm
STILL....in this stupid trade.....
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  • #11,117
  • Oct 26, 2010 8:31pm Oct 26, 2010 8:31pm
Great commercial.
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  • #11,118
  • Oct 27, 2010 2:03am Oct 27, 2010 2:03am
Quoting InfinitySL
So let me get this straight...

A $1 bill is made of 25% linen and 75% cotton.

Cotton has gone limit-up today (thanks ben bernanke).

So since the USD is 75% cotton, the USD should be up...right?

http://timingcharts.com/sites/defaul...5743218b60.png

(not a trade here I don't think -- I just found it funny)
i see what your saying logically, but no there is no correlation on that grounds, their is a inflation/deflation slight correlation i believe but when you consider less than 5% (might be closer to 2%) of all money is in physical cash form, there isnt such price pressures
Grabbing the bull by the horns!
  • #11,119
  • Oct 27, 2010 5:41am Oct 27, 2010 5:41am
Quoting whitegoodman
i see what your saying logically, but no there is no correlation on that grounds, their is a inflation/deflation slight correlation i believe but when you consider less than 5% (might be closer to 2%) of all money is in physical cash form, there isnt such price pressures
It was a joke dude...
  • #11,120
  • Oct 27, 2010 6:42am Oct 27, 2010 6:42am
Aussie ready to move?
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