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Silent Service Method

  • #12,881
  • Aug 8, 2011 9:28pm Aug 8, 2011 9:28pm
lol

Sorry but I thought that was funny....

I too was in a similar situation, I kept thinking to myself I am coming into the cycle at the wrong time, then I changed my thinking a bit and paid close attention and waited for retracements etc, but the US being down graded, I'm sure that would have killed a lot of people.

I actually at one stage would plan a trade and then think I should do the opposite, but seriously that's just asking for trouble... it's all in the head at this stage.

I kept at it and it's paid off and any losses that occured have long been replenished

Keep at it mate, you'll get it eventually

Cheers,
  • #12,882
  • Aug 8, 2011 9:30pm Aug 8, 2011 9:30pm
How could a pair just fall through parity like that? Like butter!!

The big banks with money are shorting this but what about the negative swap for them? That's a lot of money.
  • #12,883
  • Aug 8, 2011 9:34pm Aug 8, 2011 9:34pm
Quoting clockwork71
While I agree that it's overdone.......go ahead and do it first........I will be right behind you. I promise.
lol
The decision is made......I am going to officially intervene.....If I can't move this pair down then nobody can
  • #12,884
  • Aug 8, 2011 9:45pm Aug 8, 2011 9:45pm
Quoting dre3029
How could a pair just fall through parity like that? Like butter!!

The big banks with money are shorting this but what about the negative swap for them? That's a lot of money.
I think Chris is right in one of his training videos on the new forum. We should ignore news & trade the charts! If we didn't know about the downgrade or the world markets getting bashed by it how would we trade? Hard to put on ignore though!
  • #12,885
  • Aug 8, 2011 11:04pm Aug 8, 2011 11:04pm
Gold - 1750+ and rising
AUD/USD - Parity (tapped 99ish)
ASX200 - Hitting 3800

There is a buy in there somewhere......it's a a sure thing!
Patience grasshopper........
  • #12,886
  • Aug 8, 2011 11:22pm Aug 8, 2011 11:22pm
Quoting mypipbull
The decision is made......I am going to officially intervene.....If I can't move this pair down then nobody can
  • #12,887
  • Aug 8, 2011 11:23pm Aug 8, 2011 11:23pm
Quoting dmostpips
I think Chris is right in one of his training videos on the new forum. We should ignore news & trade the charts! If we didn't know about the downgrade or the world markets getting bashed by it how would we trade? Hard to put on ignore though!

Besides....if you shorted Treasury notes because of the downgrade - you are getting your ass kicked. The charts never looked bearish in that market, no matter what S&P said.
  • #12,888
  • Aug 8, 2011 11:27pm Aug 8, 2011 11:27pm
Quoting mypipbull

There is a buy in there somewhere....
Today the goldprice surpassed the platinumprice,
last seen Q4 2008.
  • #12,889
  • Aug 9, 2011 12:33am Aug 9, 2011 12:33am
Quoting dmostpips
I think Chris is right in one of his training videos on the new forum. We should ignore news & trade the charts! If we didn't know about the downgrade or the world markets getting bashed by it how would we trade? Hard to put on ignore though!


Very Very True!
  • #12,890
  • Aug 9, 2011 1:50am Aug 9, 2011 1:50am
Quoting Dukaat
Today the goldprice surpassed the platinumprice,
last seen Q4 2008.
Wow. Didn't even think about that....
  • #12,891
  • Aug 9, 2011 4:08am Aug 9, 2011 4:08am
Quoting mypipbull
Gold - 1750+ and rising
AUD/USD - Parity (tapped 99ish)
ASX200 - Hitting 3800

There is a buy in there somewhere......it's a a sure thing!
Patience grasshopper........
Yea, I know the AUD is not linked directly to Gold, but it is so weird to see Gold just explode in price and at the very same time the AUDUSD is going to hell in a hand basket. I guess it is the rush to risk avoidance to the stronger (historically) currency being the USD.

Seems like something has to give though.
  • #12,892
  • Aug 9, 2011 6:52am Aug 9, 2011 6:52am
Quoting unlv_tj
Yea, I know the AUD is not linked directly to Gold, but it is so weird to see Gold just explode in price and at the very same time the AUDUSD is going to hell in a hand basket. I guess it is the rush to risk avoidance to the stronger (historically) currency being the USD.

Seems like something has to give though.
Whenever you see a move this this......it's only a matter of time before there is a nasty snap back. It's not always permanent, but it happens.
  • #12,893
  • Aug 9, 2011 2:05pm Aug 9, 2011 2:05pm
Quoting clockwork71
Whenever you see a move this this......it's only a matter of time before there is a nasty snap back. It's not always permanent, but it happens.
Maybe parity will hold as strong support. I was asleep with the 4H Hammer formed at parity, so I missed out there. Maybe a move back towards parity and a touch trade at 1.0020 or so.

The way the markets are right now, a touch trade seems iffy.

Even worse is Bernake now predicting the economy will not get better until mid 2013. I will be 35 by then, probably still wearing my dingy clothes to this full time job I hate and living in the basement of my house while my roommate makes a mess upstairs.

What a deal.
  • #12,894
  • Aug 9, 2011 5:01pm Aug 9, 2011 5:01pm
Quoting unlv_tj
Maybe parity will hold as strong support. I was asleep with the 4H Hammer formed at parity, so I missed out there. Maybe a move back towards parity and a touch trade at 1.0020 or so.

The way the markets are right now, a touch trade seems iffy.

Even worse is Bernake now predicting the economy will not get better until mid 2013. I will be 35 by then, probably still wearing my dingy clothes to this full time job I hate and living in the basement of my house while my roommate makes a mess upstairs.

What a deal.
This is what I like to see........optimism!
  • #12,895
  • Aug 9, 2011 5:02pm Aug 9, 2011 5:02pm
Quoting clockwork71
This is what I like to see........optimism!
LOL, well I don't think Bernake was optimistic, but I am guessing he was being painfully realistic.
  • #12,896
  • Aug 9, 2011 6:07pm Aug 9, 2011 6:07pm
Quoting unlv_tj
LOL, well I don't think Bernake was optimistic, but I am guessing he was being painfully realistic.
I listened to a non political American economist last week who predicts the next few years to be "ok and slow but reasonable growth", and the current hiccup is shortlived. His concern of further slowdown is 2013 - 2015 after the election. Sometimes it appears the politically motivated (as in Bernanke) just push the timelines out far enough so nobody remembers their prediction when the time comes.
Enough rant cause we don't know who's right anyway - we'll just get back to watching what the charts tell us.
  • #12,897
  • Aug 9, 2011 8:29pm Aug 9, 2011 8:29pm
Quoting unlv_tj
LOL, well I don't think Bernake was optimistic, but I am guessing he was being painfully realistic.
I was referring to your optimism.
  • #12,898
  • Aug 9, 2011 8:35pm Aug 9, 2011 8:35pm
Quoting clockwork71
I was referring to your optimism.
Oh, LOL, well that is just the life I live now, have lived for the last 11 years, and I don't see it changing in 2 years, even if my trading ever does take off, with the economy like this.

Sadly, that is optimistic enough to still keep my job. If not, then change the basement of my house with my mom's couch in my tiny home town where there are no opportunities at all, yikes.
  • #12,899
  • Aug 10, 2011 5:38am Aug 10, 2011 5:38am
Quoting unlv_tj
Oh, LOL, well that is just the life I live now, have lived for the last 11 years, and I don't see it changing in 2 years, even if my trading ever does take off, with the economy like this.

Sadly, that is optimistic enough to still keep my job. If not, then change the basement of my house with my mom's couch in my tiny home town where there are no opportunities at all, yikes.
Inserted Video
  • #12,900
  • Aug 10, 2011 8:32pm Aug 10, 2011 8:32pm
About E/U
I trade same Plan since 1th of May@ 1.4820 But With difference strategy because spike to UP - My post @ 24 April
Quoting egkid
Nope I think he is wrong this time
1- Nothing stay forever
2-I could b wrong but i did my home work and that what i C , Nice and clean Drop.
Let's c what going to happen next month On May
IF I'm right my target should Hit before end of August which is 1.34 - 1.33

Let's C

PS: For newbie remember everyone trade his own chart depends on his MM AND TF
I could b wrong so let the time and market put his word

Egkid
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