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Silent Service Method

  • #12,701
  • Jul 16, 2011 12:34pm Jul 16, 2011 12:34pm
Quoting ludwell
No, your heads up was wasted on me! I got shaken so told myself to be cool and wait it out for a bit. Just watched that 800 pip nose dive. There'll be other opportunities.

Hope you locked in most of that move... oh ye who hath faith.

Do you think Jordan's comments yesterday will be enough to provoke another rally of optimism? And if so, who's gearing up to call his bluff?

Sorry you lost me there - Jordan???
  • #12,702
  • Jul 17, 2011 8:31am Jul 17, 2011 8:31am
Quoting stewrigh
Sorry you lost me there - Jordan???
Referring to statement by vice chairman of the SNB... Not the country. See here: http://www.reuters.com/article/2011/...76E04Q20110715

I'm dissapointed you don't know the names of all central banks key figures
  • #12,703
  • Jul 17, 2011 9:25am Jul 17, 2011 9:25am
Quoting ludwell
Referring to statement by vice chairman of the SNB... Not the country. See here: http://www.reuters.com/article/2011/...76E04Q20110715

I'm dissapointed you don't know the names of all central banks key figures
Missed that one but it only came out Friday - might tighten my stops a bit but that's all.

I thought you meant Jordan aka Price LOL
  • #12,704
  • Jul 17, 2011 10:09am Jul 17, 2011 10:09am
Quoting ludwell
Referring to statement by vice chairman of the SNB... Not the country. See here: http://www.reuters.com/article/2011/...76E04Q20110715

I'm dissapointed you don't know the names of all central banks key figures
This is why I like the Franc

Inserted Video
  • #12,705
  • Jul 17, 2011 4:43pm Jul 17, 2011 4:43pm
Quoting stewrigh
This is why I like the Franc...

Agreed. I saw the monthly pinbar in EUR/CHF as a possible bounce in the making, but since we have blown through that - it looks like we are going even lower in XXX/CHF pairs. Amazing.
  • #12,706
  • Jul 17, 2011 5:16pm Jul 17, 2011 5:16pm
Gaps in the Franc pairs at the open.....
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  • #12,707
  • Jul 17, 2011 9:28pm Jul 17, 2011 9:28pm
Aussie vs Yen, back for another go?

It seems a lot of reports are indicating that the Aussie is slowing down... I guess I'll just have to wait and see.

I did not take the first entry, it seemed a bit erratic at the time... still does if you ask me.
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  • #12,708
  • Jul 18, 2011 7:08am Jul 18, 2011 7:08am
Quoting VitaminBeer
Aussie vs Yen, back for another go?

It seems a lot of reports are indicating that the Aussie is slowing down... I guess I'll just have to wait and see.

I did not take the first entry, it seemed a bit erratic at the time... still does if you ask me.
On the longer term charts, it is at a support area, but I agree - with all the headline risks out there, if more bad news comes - this pair will fall......so it's a 50-50 type of trade in my opinion.
  • #12,709
  • Jul 18, 2011 3:11pm Jul 18, 2011 3:11pm
Quoting clockwork71
On the longer term charts, it is at a support area, but I agree - with all the headline risks out there, if more bad news comes - this pair will fall......so it's a 50-50 type of trade in my opinion.
I prefer 90-10 if I can help it =)
  • #12,710
  • Jul 18, 2011 6:27pm Jul 18, 2011 6:27pm
Hi Clockwork I am a newcomer to this thread and want to say thanks, I can't seem to find many swing/position trade threads around here.

I am watching AUD/CHF and waiting to see if it breaks below 8600 or closes back above 8680. Anyone else watching this pair?
  • #12,711
  • Jul 18, 2011 9:01pm Jul 18, 2011 9:01pm
Quoting Rk33333
Hi Clockwork I am a newcomer to this thread and want to say thanks, I can't seem to find many swing/position trade threads around here.

I am watching AUD/CHF and waiting to see if it breaks below 8600 or closes back above 8680. Anyone else watching this pair?
Thank you for coming!

The AUD/CHF is a great pair, as it is a great barometer for risk. People buy AUD when they think things are great, and buy CHF when they don't. (As a general rule.)

What I do like about this pair is when the s**t hits the fan, it's an easy short! Having said that......next time something really bad is going on - check out how this things moves.

Chris
  • #12,712
  • Jul 19, 2011 9:29am Jul 19, 2011 9:29am
Moved my stops to b/e on the USD/CAD as we are in a phase that would make me angry if I lost money at this point. I am expecting a bounce at 0.9450 - so I may take profits soon. I will give it a chance to fall below that level, but if it struggles - I am out for profit.
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  • #12,713
  • Jul 19, 2011 9:31am Jul 19, 2011 9:31am
So the Euro bonces on the prospect of a deal being reached. Anyone else buy this? For my money, it looks like it is going to bounce a bit higher in order to sell. I won't sell it until I get a signal, and probably not against the USD.....but I can't help but think this is going to be a great selling opportunity.
  • #12,714
  • Jul 19, 2011 10:19am Jul 19, 2011 10:19am
Quoting clockwork71
Moved my stops to b/e on the USD/CAD as we are in a phase that would make me angry if I lost money at this point. I am expecting a bounce at 0.9450 - so I may take profits soon. I will give it a chance to fall below that level, but if it struggles - I am out for profit.
I'm out already for 2R... maybe a bit to soon though.
  • #12,715
  • Jul 19, 2011 4:18pm Jul 19, 2011 4:18pm
Pound vs the Swissy could be good for another short at 1.33 with the right price action - loving this pair!
  • #12,716
  • Jul 19, 2011 6:44pm Jul 19, 2011 6:44pm
Quoting o990l6mh
I'm out already for 2R... maybe a bit to soon though.

Hard to tell really.....I think eventually it goes down below the 0.9450 mark - but I bet you get another chance to get involved before it is all said and done.
  • #12,717
  • Jul 19, 2011 6:46pm Jul 19, 2011 6:46pm
Quoting VitaminBeer
Pound vs the Swissy could be good for another short at 1.33 with the right price action - loving this pair!
Agreed. I think somewhere in the 1.33 to 1.34 range, we will get our signal. It should also be noted that the most recent trend line would line up quite nicely with the 1.34 -ish area as well.
  • #12,718
  • Jul 19, 2011 7:41pm Jul 19, 2011 7:41pm
New video on blog, mainly discussing the XXX/CHF moves today.
  • #12,719
  • Jul 20, 2011 3:25am Jul 20, 2011 3:25am
Anyone remember the co-ordinated dump of the oil reserves a while ago to keep the price of oil down - see that worked well then.

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  • #12,720
  • Jul 20, 2011 7:28am Jul 20, 2011 7:28am
Quoting stewrigh
Anyone remember the co-ordinated dump of the oil reserves a while ago to keep the price of oil down - see that worked well then.

Attachment

Yeah. I seem to remember it being a couple day's worth of oil, as used in the USA and only something like 16 hours worth worldwide. And actually, there is a lot of speculation that the move was purely political on the part of the US Administration. (There is an election coming next year after all.) So, in that sense - it might have worked a bit. However, the President's poll numbers keep sliding. He got a bump after Bin Laden was killed, but even that only lasted a couple of weeks.
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