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Silent Service Method

  • #13,341
  • Jan 4, 2012 10:49pm Jan 4, 2012 10:49pm
Quoting nikim
No chart right now, but is EURUSD consider 2 day PB?
In theory - it could be. However, the support level just below is massive - I wouldn't be selling now.......

The shooting star that you are referring to is actually what I used to call a "Contin Pin", meaning continuation pinocchio bar. The movement shows more bearish pressure at the end of a run, and that the rally couldn't move forward.
  • #13,342
  • Jan 5, 2012 10:22am Jan 5, 2012 10:22am
Quoting egkid
Hi chris
How r u?Hope all good

My view e/u
We still in downtrend cycle i will sell @3115 will close when my system tell it's end of bearish move.
  • #13,343
  • Jan 5, 2012 12:26pm Jan 5, 2012 12:26pm
Quoting egkid

You should be rich by now mate!
  • #13,344
  • Jan 5, 2012 11:22pm Jan 5, 2012 11:22pm
New blog post about tomorrow.....
  • #13,345
  • Jan 6, 2012 5:08pm Jan 6, 2012 5:08pm
http://www.reuters.com/article/2012/...8051FV20120106
  • #13,346
  • Jan 6, 2012 6:54pm Jan 6, 2012 6:54pm
http://online.wsj.com/video/europe-a...2AB7A8BFA.html
  • #13,347
  • Jan 8, 2012 10:17am Jan 8, 2012 10:17am
Had to share this......lol
Attached Image
  • #13,348
  • Jan 8, 2012 11:24pm Jan 8, 2012 11:24pm
I must have a very evil liver!
  • #13,349
  • Jan 9, 2012 7:01am Jan 9, 2012 7:01am
This is the chart I have been paying the most attention to lately....and am currently trading. (Selling of course.)

EUR/AUD:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud.jpg Size: 166 KB
Click to Enlarge Name: euraud2.jpg Size: 126 KB
  • #13,350
  • Jan 9, 2012 10:57am Jan 9, 2012 10:57am
Fundamentally everything seems to be working against the euro. It'll be interesting to see if the next massive Italian bonds auction will be the last nail in the euro coffin.

I'm not much for dramatising and such, but I actually switched my trading account from euro denomination to USD a few weeks ago. My gut tells me that the euro will not survive in current form or perhaps not in any form at all.

In other words, I agree with your view on EURAUD... though I try to stay technical and ignore the funnymentals when trading.
  • #13,351
  • Jan 10, 2012 8:12am Jan 10, 2012 8:12am
Quoting o990l6mh
Fundamentally everything seems to be working against the euro. It'll be interesting to see if the next massive Italian bonds auction will be the last nail in the euro coffin.

I'm not much for dramatising and such, but I actually switched my trading account from euro denomination to USD a few weeks ago. My gut tells me that the euro will not survive in current form or perhaps not in any form at all.

In other words, I agree with your view on EURAUD... though I try to stay technical and ignore the funnymentals when trading.
Makes you happy that Sweden was wise enough to keep it's own currency huh?
  • #13,352
  • Jan 10, 2012 11:14am Jan 10, 2012 11:14am
Yes, to put it mildly
  • #13,353
  • Jan 10, 2012 3:28pm Jan 10, 2012 3:28pm
A thought from Jim on the euro.

Inserted Video
  • #13,354
  • Jan 10, 2012 10:15pm Jan 10, 2012 10:15pm
Quoting aus1way
A thought from Jim on the euro.

http://youtu.be/U6HNbQpJf0M
I wouldn't be surprised if there was some kind of smoke in mirrors type of attempt to "fix" things. However, they have already f'ed up as the market has already seen them do this before.....I think that the Euro is screwed long-term, and I think that each time we get a "solution", the bounce will last less and less time.

Of course - I could be full of it. Wouldn't be the first time!
  • #13,355
  • Jan 11, 2012 10:49am Jan 11, 2012 10:49am
GBP/USD is knocking on the door of 1.53, which is a massive sell signal for me. It would be a trigger of the complex head and shoulders.....waiting until the end of the day to see where we are....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 35 KB
  • #13,356
  • Jan 11, 2012 9:18pm Jan 11, 2012 9:18pm
Clockwork, Would you play a short if price dips below 1.53?
  • #13,357
  • Jan 11, 2012 11:56pm Jan 11, 2012 11:56pm
Quoting nikim
Clockwork, Would you play a short if price dips below 1.53?
I am going to, but only on a daily close below it.
  • #13,358
  • Jan 12, 2012 12:30pm Jan 12, 2012 12:30pm
Quoting clockwork71
This is the chart I have been paying the most attention to lately....and am currently trading. (Selling of course.)

EUR/AUD:
Chris,
What's your take on this BUOB forming today?
Obviously it's a counter trend move, and probably just a retracement since the pair broke down out of its 1400 pip box.
I'm curious as to how far this might climb back up before resuming trend down. On this large a time frame and as large as that conso box was, does this go all the way back to roughly 1.3 to test the bottom of consolidation?

thanks,
Chris (also)
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud buob.PNG Size: 29 KB
  • #13,359
  • Jan 12, 2012 9:13pm Jan 12, 2012 9:13pm
Quoting uBERpIP
Chris,
What's your take on this BUOB forming today?
Obviously it's a counter trend move, and probably just a retracement since the pair broke down out of its 1400 pip box.
I'm curious as to how far this might climb back up before resuming trend down. On this large a time frame and as large as that conso box was, does this go all the way back to roughly 1.3 to test the bottom of consolidation?

thanks,
Chris (also)
Possibly, but I think 1.25 will also offer something as it is a whole round number, and they tend to do so.......
  • #13,360
  • Jan 13, 2012 9:10am Jan 13, 2012 9:10am
Found this interesting.......

http://news.yahoo.com/photos/confede...618-slideshow/
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