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Silent Service Method

  • #11,741
  • Jan 28, 2011 10:14am Jan 28, 2011 10:14am
Quoting Venice
Anyone else running shorts E/U from 3740? I am just in retrace mode right now... but curious to see how this plays out.
V,

No I'm not in yet but I been waiting for the turn and for price to break my trend line - then and only then will I be interested in a short.

Actually - just noticed - my trendline is broken - maybe Monday.

Anyway I can't yet I'm still short $f lol.
  • #11,742
  • Jan 28, 2011 10:14am Jan 28, 2011 10:14am
Quoting soso
Great post Chris!

You're one of the most realistic people in this forum. A handful of you vs thousands of jokers, that's what FF is nowadays...

Hi SoSo,
Hows things.
  • #11,743
  • Jan 28, 2011 10:14am Jan 28, 2011 10:14am
Quoting soso
Great post Chris!

You're one of the most realistic people in this forum. A handful of you vs thousands of jokers, that's what FF is nowadays...

Thanks soso. I am glad that you think so mate.
  • #11,744
  • Jan 28, 2011 10:24am Jan 28, 2011 10:24am
Heads up.....EUR/USD forming a bearish weekly pinbar right under the trend line.

Oh, but be careful of the 1.35 level - this has the feel of a "sucker pin" untile we have a solid close below it. Maybe on the daily?
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 34 KB
  • #11,745
  • Jan 28, 2011 10:28am Jan 28, 2011 10:28am
Quoting stewrigh
Hi SoSo,
Hows things.
Hi stewrigh,

Nothing much happening, way too busy with the day job. Have a lot of trading thingies to do but have to postpone them for the time being.

How are you?

Cheers,
-soso
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #11,746
  • Jan 28, 2011 10:38am Jan 28, 2011 10:38am
Quoting clockwork71
Yes, I should. And yes, I have. (Anyone who has been around more than a year remembers this.)
Well..... someone will have to tell me cause i don't know what had happened between both of you.

2pipsfx
PRICE is Lord, King, Queen and Country
  • #11,747
  • Edited 11:27am Jan 28, 2011 10:58am | Edited 11:27am
Chris,

NZDUSD is going to give as a PB on the daily chart (assuming it will close like this).

We have got triple high around 0.78RN.

We got a zone @ 0.765.

You think of taking it?

2pipsfx
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd daily PB.png Size: 33 KB
PRICE is Lord, King, Queen and Country
  • #11,748
  • Jan 28, 2011 1:06pm Jan 28, 2011 1:06pm
Quoting 2pipsfx
Chris,

NZDUSD is going to give as a PB on the daily chart (assuming it will close like this).

We have got triple high around 0.78RN.

We got a zone @ 0.765.

You think of taking it?

2pipsfx

Yes, I would consider this set up very interesting. Mainly because commodities are falling, and this pair is sensitive to that. I would wait until Monday to see what it does, but it looks like it could be a good set up.
  • #11,749
  • Edited 8:30pm Jan 28, 2011 3:28pm | Edited 8:30pm
Been away for a while, so I need to catch up on the thread, but saw this story and thought it was worth sharing.

Leverage kills:
http://online.wsj.com/article/SB1000...ts_LEFTTopNews

(might need a WSJ subscription to read the whole thing, but you'll get the idea from the first few paragraphs)

Hope everyone is doing well and making loads of cash.

EDIT -- Just got thru the thread (the parts I hadn't read). Anyway, Chris, How'd you buy HTC? I have been trying to buy that @#$*ing stock for 3yrs now and I can't find a broker to sell me Taiwanese stocks directly. Pretty sure IB won't do it... Anyway, not sure I want to get involved now that's run up over 100%, but pass along the info if you get a chance. Hope all is well!
  • #11,750
  • Jan 29, 2011 12:31am Jan 29, 2011 12:31am
Quoting InfinitySL
Been away for a while, so I need to catch up on the thread, but saw this story and thought it was worth sharing....
KGI Asia allows you to trade Hong Kong, Taiwan, and even China B shares. Complete waste of time and not worth it in my opinion. It's based in Wanchai, which is part of HK.

Don't do it, too much hassle. I only have a small account with them.

Thanks for the article.
  • #11,751
  • Jan 29, 2011 2:05am Jan 29, 2011 2:05am
Nike Share (NKE), Monthly chart.

Sweet

2pipsfx
Attached Image (click to enlarge)
Click to Enlarge Name: NKE monthly chart.png Size: 41 KB
PRICE is Lord, King, Queen and Country
  • #11,752
  • Jan 29, 2011 3:42am Jan 29, 2011 3:42am
Ford (F) Monthly chart.

18.0 is a major zone.

2pipsfx
Attached Image (click to enlarge)
Click to Enlarge Name: Ford Monthly chart.png Size: 40 KB
PRICE is Lord, King, Queen and Country
  • #11,753
  • Jan 29, 2011 4:31am Jan 29, 2011 4:31am
Quoting 2pipsfx
Ford (F) Monthly chart.

18.0 is a major zone.

2pipsfx
A lot of stocks are going to have similar prints now given the topping in the S&P that's been happening for a week or more.

Some nice looking setups but these times always worry me that things will not be so straight fwd. I am short nasq from 2325, S&P from 1295, EU from 1.3718, AU from 0.9980 and was stopped out on a GU short by holding stops too close. Now that they are all going the same way I am nervous that it is becoming too obvious. A retest and fil would give me much more confidence to sell harder. EU to 1.3660 area in early Asia/Europe on Monday for example would give me some added confidence.

The correlation of everything either being in a slow grind up or a vertical plunge leads to large risk exposure without watching it closely.

2pips, just realized I have replied to your message with what was supposed to be a separate post. Thought I'd point that out before appearing to be telling you how to trade which is not my intention

Have a great weekend everyone.
  • #11,754
  • Jan 29, 2011 4:34am Jan 29, 2011 4:34am
Quoting clockwork71
Heads up.....EUR/USD forming a bearish weekly pinbar right under the trend line.

Oh, but be careful of the 1.35 level - this has the feel of a "sucker pin" untile we have a solid close below it. Maybe on the daily?
The 1.3470 area is a key weekly fib level and a daily close below there would b the best sign we have exited the channel 1.3470-1.3750
  • #11,755
  • Jan 29, 2011 8:30am Jan 29, 2011 8:30am
Quoting 2pipsfx
Ford (F) Monthly chart.

18.0 is a major zone.

2pipsfx

I find this an interesting chart. Mainly, because Ford misses on earning big time yesterday - so it makes sense as well. Of course, we have to see what Monday brings, since it's the final day of the month.
  • #11,756
  • Jan 29, 2011 2:36pm Jan 29, 2011 2:36pm
video uploaded on the blog.
  • #11,757
  • Jan 30, 2011 8:55am Jan 30, 2011 8:55am
Quoting clockwork71
I find this an interesting chart. Mainly, because Ford misses on earning big time yesterday - so it makes sense as well. Of course, we have to see what Monday brings, since it's the final day of the month.
Ok.... so why wait another day for the end of the month while we also got some nice setups on the weekly charts?

Attached is the HD Weekly chart.

2pipsfx
Attached Image (click to enlarge)
Click to Enlarge Name: hd weekly.gif Size: 22 KB
PRICE is Lord, King, Queen and Country
  • #11,758
  • Jan 30, 2011 11:45am Jan 30, 2011 11:45am
Quoting 2pipsfx
Ok.... so why wait another day for the end of the month while we also got some nice setups on the weekly charts?

Attached is the HD Weekly chart.

2pipsfx
It certainly looks like a pullback is coming. I would be aware of the fact that the most recent low was higher than the one before it.....showing that the bias is still upward overall. Of course, this doesn't mean you can't make money shorting it in the meantime. :-)
  • #11,759
  • Jan 30, 2011 5:06pm Jan 30, 2011 5:06pm
What I am paying attention to:
Attached Image (click to enlarge)
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  • #11,760
  • Jan 31, 2011 12:53pm Jan 31, 2011 12:53pm
Wow.

Slow day, huh?
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