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Silent Service Method

  • #13,361
  • Jan 15, 2012 7:12pm Jan 15, 2012 7:12pm
Really enjoy articles like this...puts things in perspective.
  • #13,362
  • Jan 15, 2012 11:55pm Jan 15, 2012 11:55pm
Had a bit of a bump in EUR/AUD.....but the trend looks set to continue....I think this pair has the possibility of offering good returns going forward......
  • #13,363
  • Jan 16, 2012 10:28am Jan 16, 2012 10:28am
Quoting clockwork71
Had a bit of a bump in EUR/AUD.....but the trend looks set to continue....I think this pair has the possibility of offering good returns going forward......
My problem is that I'm still waiting for enough of a pullback to get in. No entry signals for me since dec 19 and that was Xmas break for me...

Oh well, patience shall be rewarded by the 8H ichimoku God.
  • #13,364
  • Jan 16, 2012 2:43pm Jan 16, 2012 2:43pm
Yeah I've missed out on EUR/AUD so far too, I was counting on a retest of 1.3 area, but so far we only got a retest of that diagonal line and I don't like those.

As always though, there will be more opportunities.
  • #13,365
  • Jan 16, 2012 7:27pm Jan 16, 2012 7:27pm
It is also possible to enter on new lows.....admittedly, it's not my favorite way to do it....but its with the trend, makes sense, shows momentum, etc.....
  • #13,366
  • Jan 16, 2012 7:28pm Jan 16, 2012 7:28pm
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
  • #13,367
  • Jan 16, 2012 11:18pm Jan 16, 2012 11:18pm
Quoting clockwork71
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
Good move here. Weekly should not close above 1.54136.
  • #13,368
  • Jan 17, 2012 3:46am Jan 17, 2012 3:46am
anyone else buying nzdusd and selling gbpchf or is it just me starting the train?
  • #13,369
  • Jan 17, 2012 3:48am Jan 17, 2012 3:48am
Quoting clockwork71
It is also possible to enter on new lows.....admittedly, it's not my favorite way to do it....but its with the trend, makes sense, shows momentum, etc.....
I too didn't like doing this, but started doing it more often, as long as it's with the trend and it seems to work okay, but your stop is usually bigger and u have to wait for the next leg to actually make anything worth while, which means holding ur nuts and being brave. I actually have done this with euraud just recently - I like the look of gbpusd too chris, it looks set to blow, but it could just be a knock... time will tell...

hope ur well, havent posted much here latley, been too busy!

all the best

cheers

brady
  • #13,370
  • Jan 17, 2012 6:38am Jan 17, 2012 6:38am
Quoting VitaminBeer
I too didn't like doing this, but started doing it more often, as long as it's with the trend and it seems to work okay, but your stop is usually bigger and u have to wait for the next leg to actually make anything worth while, which means holding ur nuts and being brave. I actually have done this with euraud just recently - I like the look of gbpusd too chris, it looks set to blow, but it could just be a knock... time will tell...

hope ur well, havent posted much here latley, been too busy!

all the best

cheers

brady
Good to hear from you Brady......

As for NZD/USD and GBP/CHF...I am interested in NZD. The GBP/CHF trade I worry about only because of the potential of EUR/CHF testing that now famous 1.20 level. If the SNB intervenes, the Franc will fall against everything at once. As long as EUR/CHF behaves itself, all should be good. So if I were to take that trade, I would keep an eye on EUR/CHF as well.....

Chris
  • #13,371
  • Jan 17, 2012 8:07am Jan 17, 2012 8:07am
Quoting Venice
Good move here. Weekly should not close above 1.54136.
Awesome. My boat is loaded from 1.5323 up to 1.5396 between 5 full orders for a scale in.

A weekly close above the previous mentioned number 1.54136 will null this trade and it will be closed out.
  • #13,372
  • Jan 17, 2012 8:52am Jan 17, 2012 8:52am
Quoting clockwork71
Oh, and everyone start shorting the GBP/USD pair - I need it to break down so we can get that big move I am eyeing.......
I'll get the ball rolling for you Chris.

I took a "pre-emptive" short entry at 1.5385 with 0.5% position size.

That should be massive enough to push it down below 1.53 for good.

/sarcasm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd short.PNG Size: 44 KB
  • #13,373
  • Jan 17, 2012 1:36pm Jan 17, 2012 1:36pm
Quoting VitaminBeer
anyone else buying nzdusd and selling gbpchf or is it just me starting the train?
Currently flat but I agree with your positions.
  • #13,374
  • Jan 17, 2012 6:58pm Jan 17, 2012 6:58pm
Quoting uBERpIP
I'll get the ball rolling for you Chris.

I took a "pre-emptive" short entry at 1.5385 with 0.5% position size.

That should be massive enough to push it down below 1.53 for good.

/sarcasm
Sweet! That is what I am talking about!!!!
  • #13,375
  • Jan 17, 2012 7:13pm Jan 17, 2012 7:13pm
I know we are hating on the EUR at the moment but the EUR/CHF is very close to the 1.2 SNB 'floor', is anyone interested in a long here?
My problem is the CHF is getting beaten up by the commodity currencies.....so I'm a bit confusedid ....maybe that says it all??
Attached Image (click to enlarge)
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  • #13,376
  • Jan 18, 2012 6:51am Jan 18, 2012 6:51am
Quoting mypipbull
I know we are hating on the EUR at the moment but the EUR/CHF is very close to the 1.2 SNB 'floor', is anyone interested in a long here?
My problem is the CHF is getting beaten up by the commodity currencies.....so I'm a bit confusedid ....maybe that says it all??
Agreed about the "maybe that says it all" bit as it is always safer to play it that way. But I think I would be alright with taking a flyer at 1.20 or so. The main reason is that the SNB has to do something at that level. If the market thinks it has been had - this pair would collapse at that point.....and the SNB knows it.
  • #13,377
  • Jan 18, 2012 7:55am Jan 18, 2012 7:55am
Got knocked out of this trade for now......put a stop loss in just above the hammer that formed on the daily chart. I am looking to see what happens at 1.25 in order to get short again.......the breakdown recently was significant, but the recent move has been a bit overdone. The pullback is to be expected....

EUR/AUD:
Attached Image (click to enlarge)
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  • #13,378
  • Jan 18, 2012 9:55am Jan 18, 2012 9:55am
Quoting clockwork71
Sweet! That is what I am talking about!!!!
Well, sir, my 0.5% wasn't enough to hold it down.

I'll do better next time.
  • #13,379
  • Jan 18, 2012 9:58am Jan 18, 2012 9:58am
Quoting clockwork71
Got knocked out of this trade for now......put a stop loss in just above the hammer that formed on the daily chart. I am looking to see what happens at 1.25 in order to get short again.......the breakdown recently was significant, but the recent move has been a bit overdone. The pullback is to be expected....

EUR/AUD:

Same here. I got taken out at 123.25.

Kind of a double edged sword for me. I added to my position too quickly and still made a decent return, but I boxed myself into a situation where I couldn't sit through a legitimate retrace.

Let's see what it shows us over the next days/week.
  • #13,380
  • Jan 18, 2012 12:05pm Jan 18, 2012 12:05pm
Quoting uBERpIP
Well, sir, my 0.5% wasn't enough to hold it down.

I'll do better next time.

lol, no worries.......
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