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Silent Service Method

  • #11,361
  • Dec 1, 2010 7:14pm Dec 1, 2010 7:14pm
Quoting InfinitySL
Tanking? I show it the EUR 150pips on the day vs the dollar and up almost 200 vs the yen...also, I don't think it was definitive... This is what i read from Bloomberg:

I just figured they were hoping for a bit more of a "monday bump" after releasing the bailout news on the weekend.

I thought the whole thing was rather ironic.
  • #11,362
  • Dec 1, 2010 7:35pm Dec 1, 2010 7:35pm
Short @.96436, SL @ .9666. YIkes, nothing good can come out of that. hah.
  • #11,363
  • Dec 2, 2010 8:08am Dec 2, 2010 8:08am
Happened to notice a little bit of a drop on the EUR while Trichet is speaking. I would probably ignore that though - NFP is tomorrow, and it always throws the market around randomly.

Chris
  • #11,364
  • Dec 2, 2010 2:24pm Dec 2, 2010 2:24pm
Quoting clockwork71
Happened to notice a little bit of a drop on the EUR while Trichet is speaking. I would probably ignore that though - NFP is tomorrow, and it always throws the market around randomly.

Chris

A perfect example of the folly of trading news - the EUR/USD is much higher now....

Will stay out of the markets tomorrow - it's NFP. I will try to post something later today that might be useful.

Chris
  • #11,365
  • Dec 2, 2010 3:14pm Dec 2, 2010 3:14pm
Thank you for your work clockwork71.
I did not know the language, but I try to translate your posts here. Here is my first layout and the transaction. Please leave your comment.
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  • #11,366
  • Dec 2, 2010 4:48pm Dec 2, 2010 4:48pm
Clock,

What are your thoughts on the EURGBP at the moment. I shorted it @ 0.88 and exited my trade sub 0.84 yesterday. Looking at a re-entry now and seeing some traffic ahead around the 0.8480-0.85 region and then at 0.8575 which is the 38.2% retracement of the recent high to low.

Do you see any particular spots you think would be best for re-entry. I see this as a long term trade but closed it out to free up capital for another trade given it looked over extended sub 0.84. That trade was a short one that's now finished so looking to recommit but trying to avoid that rookie tendency to jump straight back in - after almost 8 years in the saddle I have run out of excuses for that kind of behaviour

Anyone else with suggested spots, let me know. Also see 0.8635 and 0.87 as potential areas however not sure we will see things that high unless there is some horror UK data printed tomorrow.

Cheers.

BTW - that S&P short of the monthly pin bar is currently looking ugly with the current bullish engulfing weekly bar due to close tomorrow. A poor decision to enter given it is a trade against the Fed and now the ECB. Think I'll just let it rot. Idiot!
  • #11,367
  • Dec 2, 2010 8:20pm Dec 2, 2010 8:20pm
RUSSIA AND QATAR?

Are you kidding me?
  • #11,368
  • Dec 2, 2010 8:26pm Dec 2, 2010 8:26pm
Quoting KOleg67
Thank you for your work clockwork71.
I did not know the language, but I try to translate your posts here. Here is my first layout and the transaction. Please leave your comment.
Attachment
Attachment

I really like the look of that daily pinbar to go long. It was at the right place certainly. I have to admit that I wouldn't have done it though - mainly because of the weekly pinbar that showed bearish momentum before it. As a general rule, I always give more weight to the higher time frames. I would say that the daily set up was what you are looking for. Good trade none the less, and welcome to my spot on the web!

Chris
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  • #11,369
  • Dec 2, 2010 8:29pm Dec 2, 2010 8:29pm
Quoting 4xAddict
Clock,

What are your thoughts on the EURGBP at the moment. I shorted it @ 0.88 and exited my trade sub 0.84 yesterday. Looking at a re-entry now and seeing some traffic ahead around the 0.8480-0.85 region and then at 0.8575 which is the 38.2% retracement of the recent high to low.

Do you see any particular spots you think would be best for re-entry. I see this as a long term trade but closed it out to free up capital for another trade given it looked over extended sub 0.84. That trade was a short one that's now finished so looking to recommit...
.87 and .86 are good spots in my estimation, but let's see what comes out of the NFP Friday before we get too worried about it. I would say watch the weekly, which by the way - is forming a bullish pinbar at support so far. This is something that I am looking at myself.

Chris
  • #11,370
  • Dec 2, 2010 11:42pm Dec 2, 2010 11:42pm
Again with the Belgians.

Never trust anyone who won't admit they are French. Or Dutch. lol



http://www.nytimes.com/2010/12/02/bu...aS552ylpDJXX5Q
  • #11,371
  • Dec 3, 2010 12:51am Dec 3, 2010 12:51am
Quoting clockwork71
Again with the Belgians.

Never trust anyone who won't admit they are French. Or Dutch. lol



http://www.nytimes.com/2010/12/02/bu...aS552ylpDJXX5Q
LOL
  • #11,372
  • Edited 1:34am Dec 3, 2010 1:06am | Edited 1:34am
Gold is testing the price of 1400. On the Daily chart there are already two PIN bars in a row. But the bottom is the local support at 1385. Want to sell on a break down, but holding back news outlet-NFP.
And I'm Russian.
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  • #11,373
  • Dec 3, 2010 1:32am Dec 3, 2010 1:32am
Quoting clockwork71
RUSSIA AND QATAR?

Are you kidding me?
Australian's are going mental about this which shows too how little idea that we have about the World Game's priorities.

Playing the biggest sporting event in the world in the worst possible timezone was a laughable idea in the first place.

Don't mind Russia getting it but given the state of the Spanish and Portuguese economies and how most of their 20% unemployment rates are out of work builders it would have been money better spent there I think.

Also, with 8 timezones or however many they have it will probably be the first World Cup where both altitude training and jetlag training is integrated into the preparations.

Qatar and the rest of the middle east for that matter is fully of great people (the ones I know anyway) who are mad for the game (and generally in many cases) however pretending that the climate there is ok to hold a major sporting event is such blatant stupidity I am lost for words. No one wants to go on holidays to a fake, sparkling new air conditioned legoland - look at Dubai. Yikes. I'll bet if you could buy stocks in Fifa their values would have exploded yesterday on better than expected income from the announcement.....

You guys obviously weren't getting it after the wikileaks business
  • #11,374
  • Dec 3, 2010 1:49am Dec 3, 2010 1:49am
Hi all, a potential trade here? This will be my first trade for months, happens slowly when you trade weekly charts!

I'm waiting til nearer the close tonight but I like the look of the bounce from parity and the rising trendline.
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Position trader - Anything intraweek is just noise...
  • #11,375
  • Dec 3, 2010 5:01am Dec 3, 2010 5:01am
Quoting Arfer Daily
Hi all, a potential trade here? This will be my first trade for months, happens slowly when you trade weekly charts!

I'm waiting til nearer the close tonight but I like the look of the bounce from parity and the rising trendline.

I think that the Swissy, and Euro for that matter, will show it's hand in the next trading day or two.....so yes, I'd be watching.

Chris
  • #11,376
  • Dec 3, 2010 5:10am Dec 3, 2010 5:10am
Quoting KOleg67
Gold is testing the price of 1400. On the Daily chart there are already two PIN bars in a row. But the bottom is the local support at 1385. Want to sell on a break down, but holding back news outlet-NFP.
And I'm Russian.
Attachment

Congrats on getting the World Cup. To be honest.....I should say that Russia makes sense as there are several major cities, but June in Qatar is over 100F degrees! (And there is only one major city in that country.)

I remember in 1994 being in Orlando with a bunch of Dutch and Irish fans. It was roughly 95 degrees, and they were passing out everywhere and whining like pansies. I cannot imagine what it is going to be like at 110! Plus, you have to imagine the players going through that. That cup is going to suck. They games are going to be horribly slow.

On the other hand, Americans are used to extreme temperatures. Maybe that's the year we get the break through. I can only imagine what sides like Ireland and Sweden are going to do. Truthfully, the Qatari WC should probably see a new winner because of weather alone. Mexico or even a South Korea could be the dark horse.

Truth be told, you probably shouldn't listen to me about football for another year or two - I am still pissed off about the Dutch losing in the final. (Huge fan.)

As far as your set up is concerned, I agree about waiting for the dust to settle on NFP. It's just too risking, and gold has been volatile all year. I can't imagine today will be any different.

I would also want to see a break of that 1385 level as well. Good eye for the charts. Even better discipline.
  • #11,377
  • Dec 3, 2010 5:15am Dec 3, 2010 5:15am
Quoting 4xAddict
Australian's are going mental about this which shows too how little idea that we have about the World Game's priorities.

Playing the biggest sporting event in the world in the worst possible timezone was a laughable idea in the first place.

Don't mind Russia getting it but given the state of the Spanish and Portuguese economies and how most of their 20% unemployment rates are out of work builders it would have been money better spent there I think.

Also, with 8 timezones or however many they have it will probably be the first World Cup where...
True, didn't think about that. To be honest, there is a lot of talk about Wikileaks on the news, but none of the people are paying attention to it. I don't think they care to be honest.

I would have thought Australia to be a reasonable solution over Qatar. I don't understand what bribes must have taken place to award it to them. The weather alone is ridiculous. Besides, to this day the most successful World Cup in terms of finance and tickets sold was in the USA....and we actually watch the game now, unlike in '94.

I understand FIFA wanting to expand into the Middle East, but there are other countries that would have made more sense. Or even better, they should have awarded it to a joint bid, similar to the Holland/Belgium bid or the Japan / Korea World Cup.
  • #11,378
  • Dec 3, 2010 5:24am Dec 3, 2010 5:24am
Having the country's football is not high level, I am not a fan. Stadiums and infrastructure to build modern, but the bureaucrats plundered three times more.
  • #11,379
  • Dec 3, 2010 7:21am Dec 3, 2010 7:21am
Quoting KOleg67
Having the country's football is not high level, I am not a fan. Stadiums and infrastructure to build modern, but the bureaucrats plundered three times more.
Have you seen America's football? lol

Major League Soccer is pretty bad, but fortunately we get a lot of English, Italian, Argentine, German, and other leagues on the television!
  • #11,380
  • Dec 3, 2010 7:24am Dec 3, 2010 7:24am
Quoting clockwork71
Have you seen America's football? lol

Major League Soccer is pretty bad, but fortunately we get a lot of English, Italian, Argentine, German, and other leagues on the television!
Hi Chris
How r u? It's been a while
Was checking what u do while everyone tense waiting the news
U r talking about American football
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