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Silent Service Method

  • #12,221
  • Apr 15, 2011 1:40am Apr 15, 2011 1:40am
[quote=Low;4546876]US Indexes telling a similar story:

/quote]


FWIW I watched a vid on Jays thread talking about the Japan earthq and how that impacted the global supply chain and how this will affect quartely earnings reports over the next 3 months, leading to a crash in June.
  • #12,222
  • Apr 15, 2011 1:42am Apr 15, 2011 1:42am
Crash or correction, doesn't matter. No long term expectations here.
  • #12,223
  • Apr 15, 2011 7:06am Apr 15, 2011 7:06am
I will be around more starting this weekend. Someone please tell me why in the hell I drove cross-country. Ugh.

For you Spaniards out there - I am visiting an old colony of yours today - St.Augustine Florida.

Still has the original fort there from the early 1600s
  • #12,224
  • Apr 15, 2011 12:10pm Apr 15, 2011 12:10pm
Speaking of Spaniards, first of four El Classico this weekend. Go Barca
  • #12,225
  • Apr 15, 2011 1:17pm Apr 15, 2011 1:17pm
Remember this?

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  • #12,226
  • Edited 7:44pm Apr 15, 2011 7:22pm | Edited 7:44pm
If this plays out I think I and everyone else who follows this thread owe Chris a drink or two(I'm in from the 8hr pinbar).

The added bonus is the positive swap - this is a long-term buy-hold-add trade(rinse and repeat).

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  • #12,227
  • Apr 15, 2011 9:05pm Apr 15, 2011 9:05pm
Quoting Mr.Max
Hi! I watch the forum still, but do not participate in the conversation because of my bad English. Chris, I think eurnzd fly is not profitable. On the monthly chart is a pin-bar from the PPZ. We have long had to sell ... IMHO.
Yep....it happens. Had to try it!

Welcome to the thread, and your English is fine mate.
  • #12,228
  • Apr 15, 2011 9:07pm Apr 15, 2011 9:07pm
Quoting jacanpipster
Speaking of Spaniards, first of four El Classico this weekend. Go Barca
Still gutted by my beloved Dutch getting beat in the final.....but I have to admit I quite like Spanish footy. Besides, my Oranje played like shit in the final. Still sucks, but that's life I guess.
  • #12,229
  • Apr 18, 2011 9:38am Apr 18, 2011 9:38am
Well.......I would say that this could be the turn around in all the markets, and that people have been way too optimistic, but then again - I have wondered that for 3 years. Interesting times we live in.
  • #12,230
  • Apr 18, 2011 1:10pm Apr 18, 2011 1:10pm
Quoting clockwork71
Well.......I would say that this could be the turn around in all the markets, and that people have been way too optimistic, but then again - I have wondered that for 3 years. Interesting times we live in.
http://www.humanevents.com/article.php?id=32152

Hey CW and all,


see the link above. some scary stuff. It might be safe to buy the Aussie...

this country is doomed. Glad I shorted EUR/JPY last night and I have been short the USD/CAD since January. Looking to buy AUD/USD tout suite.
  • #12,231
  • Apr 18, 2011 3:02pm Apr 18, 2011 3:02pm
Quoting drebin
http://www.humanevents.com/article.php?id=32152

Hey CW and all,


see the link above. some scary stuff. It might be safe to buy the Aussie...

this country is doomed. Glad I shorted EUR/JPY last night and I have been short the USD/CAD since January. Looking to buy AUD/USD tout suite.
Although I believe in the CAD economy more than the US one.....the biggest problem is that if we start to see a massive move down - oil falls, and so does the CAD. Just take a look at USD/CAD during the financial crisis. All the way to 1.30!

Chris
  • #12,232
  • Apr 18, 2011 3:04pm Apr 18, 2011 3:04pm
Check out who I had breakfast with this morning.....
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  • #12,233
  • Apr 18, 2011 7:43pm Apr 18, 2011 7:43pm
Quoting clockwork71
Although I believe in the CAD economy more than the US one.....the biggest problem is that if we start to see a massive move down - oil falls, and so does the CAD. Just take a look at USD/CAD during the financial crisis. All the way to 1.30!

Chris

good lookin out CW. I am already playing with house money though. Have fun on your vacation!
  • #12,234
  • Apr 19, 2011 8:31am Apr 19, 2011 8:31am
Clock
What do you think about this chart I know very little about stocks but have started paper trading and thought this one looked pretty interesting. Is the current level a decent buy point?
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  • #12,235
  • Apr 19, 2011 8:50am Apr 19, 2011 8:50am
Quoting kodflakes
Clock
What do you think about this chart I know very little about stocks but have started paper trading and thought this one looked pretty interesting. Is the current level a decent buy point?
it would be great to have some bullish price action right at that ppz. a buob, pinbar or something like this. going long without confirming price action, that means a touch trade, is very risky.
meine augen sind die sterne
  • #12,236
  • Apr 19, 2011 9:22am Apr 19, 2011 9:22am
Quoting kodflakes
Clock
What do you think about this chart I know very little about stocks but have started paper trading and thought this one looked pretty interesting. Is the current level a decent buy point?

I would be more interested at about the $42 mark......not too far though.
  • #12,237
  • Apr 19, 2011 9:24am Apr 19, 2011 9:24am
Quoting aserbfx
it would be great to have some bullish price action right at that ppz. a buob, pinbar or something like this. going long without confirming price action, that means a touch trade, is very risky.

Exactly.......think of this area as a place to "hope" for a pinbar or something. The area is all the way down to $42......it looks kind of thick in my opinion - which is good, as it shows there are several points where people might get interested.
  • #12,238
  • Apr 19, 2011 11:49am Apr 19, 2011 11:49am
Quoting 4xAddict
Valid point. I am waiting to see the real insurer flows start moving back into JP though before taking a core yen short.

Assessors can't get to the damaged areas for the most part due to radiation and limited access still. When they start really having to lay up there will be concerted pressure on it to move higher in all likelihood. Intervention is never immediate and preemptive so it bodes well for another buy between 78-80 imho.

That said I will probably be proven wrong and be looking for an entry long around 88
Just watching the USDJPY at the moment and starting to like the look of it as a long from the 0.80-0.82 level as a long building platform.

We are starting to see some decent flows into the JPY at the moment as insurers start to purchase JPY in preparation for claims settlements in the initial phases.

http://www.libanman.com/wp-content/u...als_Latest.pdf

This commitment of traders report from Libanman Futures in NYC shows a very strong dealer position in the JPY which certainly supports that we may see further weakness in the USDJPY in the near term until the large corporates start to reduce their JPY purchasing.

As I indicated a fortnight back we still may see 0.78 again however I am using the 0.80-0.82 band to start building my long term USDJPY longs.

History may prove that other JPY crosses are better exposure to this future JPY weakness however they look more expensive at the moment.

Cheers,

4x.
  • #12,239
  • Apr 19, 2011 4:26pm Apr 19, 2011 4:26pm
Quoting 4xAddict
Just watching the USDJPY at the moment and starting to like the look of it as a long from the 0.80-0.82 level as a long building platform.

We are starting to see some decent flows into the JPY at the moment as insurers start to purchase JPY in preparation for claims settlements in the initial phases.

http://www.libanman.com/wp-content/u...als_Latest.pdf

This commitment of traders report from Libanman Futures in NYC shows a very strong dealer position in the JPY which certainly supports that...
Could be.....I certainly won't argue. For now, its simply a matter of timing.....the Yen crosses are going up for a while. (From a longer term perspective...) Of course, thats the rub - timing in Forex can kill you.
  • #12,240
  • Apr 19, 2011 4:27pm Apr 19, 2011 4:27pm
I see that gold pierced the $1,500 mark today. I am still waiting for that pullback and retest of $1,000....dammit!
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