Silent Service Method | Page 606 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Silent room 2 replies

Silent Success of Patience 10 replies

My silent journal 4 replies

bo7a method... method for GBP/JPY 205 replies

Seeing Through the Silent Crash 4 replies

Attachments: Silent Service Method
Exit Attachments

Silent Service Method

  • #12,101
  • Mar 24, 2011 3:06am Mar 24, 2011 3:06am
Quoting Low
This might sound dumb, but I used to read stuff like that all the time and it translated into kind of a shadow over my trades. I would trade my beliefs, not the charts, a good way to lose money, that.

Now I tend to ignore a lot of news details, I like the big picture, and it can take awhile before that becomes clear (like the stuff happening in Japan right now, we can make educated guesses, but need the market to tell us if we're right or wrong).

And maybe I'm just kicking myself for not hopping on the gold train with all the doomers last year....
and you as well Buddy...and i agree with Stewrigh as well...but as traders we HAVE TIME on our hand and so its tempting to fill it with SOMETHING...BUT i too only just take trades as per the CHART triggers only..because i UNDERSTAND what ( or not ) they are telling me ...

take care.

baz
  • #12,102
  • Mar 24, 2011 3:21am Mar 24, 2011 3:21am
Quoting stewrigh
Yeah me too.

I used to spend hours watching conspiracy theory vids and in the end it screwed me - don't do that anymore(much)

and i was thinking that the NWO ..had you " exterminated " !!
good to see you back and posting..

baz
  • #12,103
  • Mar 24, 2011 3:23am Mar 24, 2011 3:23am
Quoting Low
I think people should be more thankful to the FED.

We're one of the few countries where people can die from eating too much. Not exactly a symptom of abject poverty.

And, no. I'm not pro-FED. I just think all the doomerism and endless self-righteous anti-fed pontifications get a little old after a while.

I can't imagine any of us would do a "better" job running the FED. Nor could any congress that demonstrates no fiscal self-control, somehow find that strength if given authority over monetary policy.

If you want a better America,...
Agreed there is a lot of Fed bashing however their current policy stance is the cause of this, not the fact there is a Fed in the first place which is something that many are on the soap box about.

Campaign finance is probably the No. 1 thing that the US needs removed from the political sphere however the rate at which the Fed is currently raiding the savings of the honest tax payer through money printing is criminal and needs to be crowed about until they are finally pressured into a change of stance. Just watch, Goldman comes out today downgrading China with UBS having done it too yesterday, next will be the US downgrades and if these aren't believed the Fed will stop placing a bid under the market for a while, let it fall hard and then people will be voting for QE3 again.

As an interesting aside - on CNBC yesterday an older guy managing tonnes of money came out supporting the removal of the 30yr loan from the US housing market as being a good thing. This is a big step fwd. Short term prices will drop till they find a real value however when the home owner is more exposed to interest rate cycles it means that only those who really can afford it can own homes. This will lead to much more tangible equity creation in the longer term and people will have to rent until they can really afford to buy. At present the 30yr is killing the volatility in the housing market and allowing many to live in a bubble they can't afford.

People's voices are obviously slowly having an impact. However I agree with your overall sentiments Low. Many are just bashing the Fed without even understanding what it is they are complaining which does become tiring indeed.
  • #12,104
  • Mar 24, 2011 3:28am Mar 24, 2011 3:28am
Quoting clockwork71
Looks like the NZD is finding a bid now.....

Good set up.
This is an interesting chart Chris given the backdrop of the Kiwi economy.

They are in real trouble there however still seeing this prolific offering of USDs makes me wonder if the Japanese aren't selling a few treasuries in preparation for their rebuilding or the Chinese aren't to help keep a base under the JPY.

Something larger is certainly afoot at the moment.

AUDNZD should be at 1.45 with the current economic disparity between the two countries yet the market is giving NZD the benefit of the doubt. A friend of mine makes the primary AUD/NZD market for a bank here in London and they are the most heavily exposed of any bank to the Kiwi economy. They are seeing unbelievable shrinking of credit there, that place is really screwed.

Maybe their proximity from the rest of the world's population is making the markets see more hobbits and happy times rather than the Mordor they are currently residing in.
  • #12,105
  • Mar 24, 2011 6:45am Mar 24, 2011 6:45am
Quoting 4xAddict
This is an interesting chart Chris given the backdrop of the Kiwi economy.

They are in real trouble there however still seeing this prolific offering of USDs makes me wonder if the Japanese aren't selling a few treasuries in preparation for their rebuilding or the Chinese aren't to help keep a base under the JPY.

Something larger is certainly afoot at the moment.

AUDNZD should be at 1.45 with the current economic disparity between the two countries yet the market is giving NZD the benefit of the doubt. A friend of mine makes the primary AUD/NZD...
4x can you get your friend to dump a ton of Kiwi dollars - I'm long AudNzd
  • #12,106
  • Mar 24, 2011 8:46am Mar 24, 2011 8:46am
Quoting 4xAddict
.... however the rate at which the Fed is currently raiding the savings of the honest tax payer through money printing is criminal .......
Savings? I was talking about north America. Which America were you referring to?

IMO the average Joe has been convinced , over the last two decades, to "invest" not save, weather it's mutual funds or property or indexes. The FED is trying to protect the nominal value of these investments, because a majority of "investors" won't adjust their gains for inflation, and if they do, it will be using the BS #'s. So every Tom, Dick and Harry can still pat themselves on the back for being such investment geniuses while at the same time wondering why groceries now occupy the largest segment of their budget.
  • #12,107
  • Mar 24, 2011 9:00am Mar 24, 2011 9:00am
Quoting 4xAddict
This is an interesting chart Chris given the backdrop of the Kiwi economy.

They are in real trouble there however still seeing this prolific offering of USDs makes me wonder if the Japanese aren't selling a few treasuries in preparation for their rebuilding or the Chinese aren't to help keep a base under the JPY.

Something larger is certainly afoot at the moment.

AUDNZD should be at 1.45 with the current economic disparity between the two countries yet the market is giving NZD the benefit of the doubt. A friend of mine makes the primary AUD/NZD...
Yeah, well......I didn't create the NZD/USD chart......just traded it. But the truth is that I don't believe it makes sense either. I can only think that maybe it is a result of the never-ending bullishness of investors? I don't understand it either.
  • #12,108
  • Mar 24, 2011 9:51am Mar 24, 2011 9:51am
Quoting clockwork71
Yeah, well......I didn't create the NZD/USD chart......just traded it. But the truth is that I don't believe it makes sense either. I can only think that maybe it is a result of the never-ending bullishness of investors? I don't understand it either.
Can't make sense out of these markets, you should know that by now Chris. They are illogical in every sense, except those of supply and demand (on the charts). The way the supply and demand is created is even more illogical. But who cares. As long as the charts continue to repeat the same actions over consistently, it's all good by me
  • #12,109
  • Mar 24, 2011 1:04pm Mar 24, 2011 1:04pm
Quoting clockwork71
Yeah, well......I didn't create the NZD/USD chart......just traded it. But the truth is that I don't believe it makes sense either. I can only think that maybe it is a result of the never-ending bullishness of investors? I don't understand it either.
My point exactly, didn't mean your chart but rather "the" NZDUSD chart full stop.

Just ridiculous, someone is selling fist fulls of USDs at present...
  • #12,110
  • Mar 24, 2011 1:46pm Mar 24, 2011 1:46pm
As for selling fistfuls of USD......perhaps that is about to stop, as shown on this gold chart.....
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 93 KB
  • #12,111
  • Mar 24, 2011 3:08pm Mar 24, 2011 3:08pm
Anyoen thinking on Ford?

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-24_Ford.png Size: 50 KB
Kind Regards zol
  • #12,112
  • Edited 3:30pm Mar 24, 2011 3:18pm | Edited 3:30pm
Quoting zoli
Anyoen thinking on Ford?

Attachment
looks interesting. i throw this weekly chart in...
Attached Image (click to enlarge)
Click to Enlarge Name: f.png Size: 63 KB
meine augen sind die sterne
  • #12,113
  • Mar 24, 2011 3:31pm Mar 24, 2011 3:31pm
Quoting aserbfx
looks interesting. i throw this weekly chart in...
the daily shows a breakout of the rectangle and the resistance-zone. daily volume was strong. daily close almost at the high.
Attached Image (click to enlarge)
Click to Enlarge Name: f2.png Size: 62 KB
meine augen sind die sterne
  • #12,114
  • Mar 25, 2011 12:43am Mar 25, 2011 12:43am
Quoting zoli
Anyoen thinking on Ford?

Attachment
I currently have my money in other places, but this chart does look good from a technical perspective.
  • #12,115
  • Mar 25, 2011 8:25am Mar 25, 2011 8:25am
One of my favorite barometers of economic health is currently looking a bit on the precarious side.....only time will tell if we can make a higher high this time.
Attached Image (click to enlarge)
Click to Enlarge Name: copper.png Size: 115 KB
  • #12,116
  • Mar 25, 2011 11:10am Mar 25, 2011 11:10am
New post up over at the blog. Hope you enjoy it.....
  • #12,117
  • Mar 25, 2011 3:46pm Mar 25, 2011 3:46pm
Quoting clockwork71
New post up over at the blog. Hope you enjoy it.....
Read blog post. Interesting as always. I'll be looking forward to what you're up to!
  • #12,118
  • Mar 25, 2011 10:04pm Mar 25, 2011 10:04pm
Quoting o990l6mh
Read blog post. Interesting as always. I'll be looking forward to what you're up to!
Thanks. The biggest point I wanted to convey is that the majority of people out there running websites have no idea about Forex, they just see it as a goldmine.

It reminds me of the California Gold Rush in 1849. The real money wasn't made by the miners, it was made by the suppliers and guys running the general stores. In fact, a city you may have heard of suddenly became large from the various people coming to sell to the miners....it's called San Francisco.
  • #12,119
  • Mar 26, 2011 2:57am Mar 26, 2011 2:57am
Quoting clockwork71
Thanks. The biggest point I wanted to convey is that the majority of people out there running websites have no idea about Forex, they just see it as a goldmine.

It reminds me of the California Gold Rush in 1849. The real money wasn't made by the miners, it was made by the suppliers and guys running the general stores. In fact, a city you may have heard of suddenly became large from the various people coming to sell to the miners....it's called San Francisco.
Chris,
Just noticed you are bearish Nikkei.

I would be interested to know your thoughts because everything I've read seams to imply that it will fly when Japan starts printing money in earnest and the Yen starts to fall.
  • #12,120
  • Mar 26, 2011 3:54am Mar 26, 2011 3:54am
From Forexlive

Gold poops the bed on mere mention of US rate hike

Written by Jamie Coleman
March 25, 2011 at 16:51 GMT

The mere floating of the idea that when the time comes the Fed may sell bonds as well as raises rates pushed gold down a quick $12 bucks. We’re now at $1422.50.


When the Fed get serious Gold will bomb lol.
0 traders viewing now