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Silent Service Method

  • #13,381
  • Jan 18, 2012 11:28pm Jan 18, 2012 11:28pm
new post on the blog.....

Chris
  • #13,382
  • Jan 20, 2012 3:29pm Jan 20, 2012 3:29pm
I am short EUR/AUD again......never got my chance to sell GBP/USD. Hopium fueled Bastards.
  • #13,383
  • Edited 9:01pm Jan 20, 2012 9:00pm | Edited 9:01pm
Quoting clockwork71
I am short EUR/AUD again......never got my chance to sell GBP/USD. Hopium fueled Bastards.
Right there with you. Got filled at 1.2335 and have an add on waiting at 1.2280.

My stop is currently at 1.2485, as I am interpreting this most recent pop up as the re-trace trying to get to 1.25. My position size gives me some wiggle room, so if I had to move it to 1.25 and change it wouldn't be too drastic.

As far as GBP/USD.....be great if Monday's action is a nice big red bar, creating a two day pin bar and closing below 1.55.

I'm eyeing another attempt short if we break 1.5450.

Have a great weekend everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud jan 20 2012.PNG Size: 19 KB
  • #13,384
  • Jan 21, 2012 12:40am Jan 21, 2012 12:40am
You know... one of my biggest challenges in trading, was to pretend that the daily chart was a 15 minute chart....

When I was able to start doing this, that's when things turned around for me.

Just a thought if anyone else makes a pip from it cool

Brady,
  • #13,385
  • Jan 21, 2012 6:27pm Jan 21, 2012 6:27pm
Quoting uBERpIP
Right there with you. Got filled at 1.2335 and have an add on waiting at 1.2280.

My stop is currently at 1.2485, as I am interpreting this most recent pop up as the re-trace trying to get to 1.25. My position size gives me some wiggle room, so if I had to move it to 1.25 and change it wouldn't be too drastic.

As far as GBP/USD.....be great if Monday's action is a nice big red bar, creating a two day pin bar and closing below 1.55.

I'm eyeing another attempt short if we break 1.5450.

Have a great weekend everyone.

Yeah, to be honest.......and I want everyone to read this:

I always put my stop loss above the round number. (In this case, above 1.25.....so the market has to get through all of the orders there as well to stop me out. If it does - I know it means something to be stopped out.

I hope that makes sense......
  • #13,386
  • Jan 21, 2012 6:28pm Jan 21, 2012 6:28pm
Quoting VitaminBeer
You know... one of my biggest challenges in trading, was to pretend that the daily chart was a 15 minute chart....

When I was able to start doing this, that's when things turned around for me.

Just a thought if anyone else makes a pip from it cool

Brady,
Good to hear things have turned around Brady!

Chris
  • #13,387
  • Jan 22, 2012 10:01am Jan 22, 2012 10:01am
Good point! And something I "should" know and practice, instead of picking x.85, and then playing with the SL later.


Quoting clockwork71
Yeah, to be honest.......and I want everyone to read this:

I always put my stop loss above the round number. (In this case, above 1.25.....so the market has to get through all of the orders there as well to stop me out. If it does - I know it means something to be stopped out.

I hope that makes sense......
  • #13,388
  • Jan 23, 2012 8:35pm Jan 23, 2012 8:35pm
Quoting uBERpIP
Good point! And something I "should" know and practice, instead of picking x.85, and then playing with the SL later.

Yeah it is simple, but to be honest.....it was something I didn't think of for some time. The most obvious things are normally the last ones you try. I typically will put stop losses at numbers like 1.2525, 1.1025, etc.

Chris
  • #13,389
  • Jan 23, 2012 10:43pm Jan 23, 2012 10:43pm
Quoting VitaminBeer
You know... one of my biggest challenges in trading, was to pretend that the daily chart was a 15 minute chart....

When I was able to start doing this, that's when things turned around for me.

Just a thought if anyone else makes a pip from it cool

Brady,
If this were a Facebook post I would 'like' it.....
  • #13,390
  • Jan 24, 2012 9:49am Jan 24, 2012 9:49am
Looks like another "blah" session. Ok, so I have to ask - which one of you started buying the EUR/AUD??????

Still in it, but the damn thing is going backwards.....
  • #13,391
  • Jan 24, 2012 1:43pm Jan 24, 2012 1:43pm
ZZZZzzzzzzzzzzz.

With all the fundamentals out there that should be driving this thing into the ground, it's getting a little concerning that the Euro continues to poke its head up for more.

Who knows? Maybe this is just a short lived reprieve, combined with previous shorts taking profits and risk off the table after riding it down for so long already.

Either way, I'm in this one until 1.2525 (with my properly adjusted SL)

Can't imagine wanting to go long on this chart.



Quoting clockwork71
Looks like another "blah" session. Ok, so I have to ask - which one of you started buying the EUR/AUD??????

Still in it, but the damn thing is going backwards.....
  • #13,392
  • Jan 24, 2012 5:44pm Jan 24, 2012 5:44pm
Quoting clockwork71
Looks like another "blah" session. Ok, so I have to ask - which one of you started buying the EUR/AUD??????

Still in it, but the damn thing is going backwards.....

I honestly think the Eur/Aud is a little over-sold for my liking, and if anyone thinks like me they might be countering it perhaps

Now might be a good time for some short term range trading at least
  • #13,393
  • Jan 24, 2012 7:05pm Jan 24, 2012 7:05pm
Nice BEOB forming on on EUR/AUD.

If it can close at/below 1.2390 or so, we will ahve a decent daily pin bar as well, being rejected from the 1.25 zone, where the pair has tried to reach a few times since bottoming out.

Lets see what happens....
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud beob.PNG Size: 37 KB
  • #13,394
  • Jan 24, 2012 7:50pm Jan 24, 2012 7:50pm
Quoting VitaminBeer
I honestly think the Eur/Aud is a little over-sold for my liking, and if anyone thinks like me they might be countering it perhaps

Now might be a good time for some short term range trading at least
So in other words.....it was YOU that pushed this back against me????

All good, and the breakdown from 1.29 or so was a 20 year consolidation box that got busted.....this should go much, much lower. I see the AUD as going up to the 1.12 level against the USD based upon the triangle that got triggered as well......

Looks like you Aussies are going to be able to buy anything.
  • #13,395
  • Jan 24, 2012 7:51pm Jan 24, 2012 7:51pm
Quoting uBERpIP
ZZZZzzzzzzzzzzz.



Can't imagine wanting to go long on this chart.
Truthfully, this statement is the most important one.
  • #13,396
  • Jan 24, 2012 7:51pm Jan 24, 2012 7:51pm
Quoting uBERpIP
Nice BEOB forming on on EUR/AUD.

If it can close at/below 1.2390 or so, we will ahve a decent daily pin bar as well, being rejected from the 1.25 zone, where the pair has tried to reach a few times since bottoming out.

Lets see what happens....
I am all for it.....of course, I am still short of this pair too......so call me biased!
  • #13,397
  • Jan 24, 2012 7:54pm Jan 24, 2012 7:54pm
This is how I see Aussie......
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 120 KB
  • #13,398
  • Jan 24, 2012 8:55pm Jan 24, 2012 8:55pm
Quoting clockwork71
This is how I see Aussie......
You see, now you had to go and really rub it in. I'm slowly getting on the right track, but still lots of refining and fine tuning to do.

I had this drawn as a giant, whacky triangle. (official currency market vocabulary)
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd triangle.PNG Size: 39 KB
  • #13,399
  • Jan 24, 2012 9:08pm Jan 24, 2012 9:08pm
Quoting clockwork71
So in other words.....it was YOU that pushed this back against me????
Interesting to note that yesterdays close on the EUR/NZD formed a pinbar (albeit in a bit of traffic) and the EUR/AUD was somewhat bullish close.

Anyway looks like VB may be covering his longs now by the look of the potential bearish pin forming on the EUR/AUD.....hahaha
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_AUD_NZD.png Size: 74 KB
  • #13,400
  • Jan 25, 2012 12:44am Jan 25, 2012 12:44am
Quoting uBERpIP
You see, now you had to go and really rub it in. I'm slowly getting on the right track, but still lots of refining and fine tuning to do.

I had this drawn as a giant, whacky triangle. (official currency market vocabulary)
All good - that triangle says the same thing......so that is two different bullish scenarios.....
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