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Silent Service Method

  • #13,401
  • Jan 25, 2012 12:44am Jan 25, 2012 12:44am
Quoting mypipbull
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
I think the AUD and NZD are going to be the darlings of 2012.......
  • #13,402
  • Jan 25, 2012 7:05am Jan 25, 2012 7:05am
Of course.....


http://www.bloomberg.com/news/2012-0...reek-debt.html
  • #13,403
  • Jan 25, 2012 7:00pm Jan 25, 2012 7:00pm
GBP/AUD: Could this be the sequel to EUR/AUD?
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  • #13,404
  • Jan 25, 2012 11:23pm Jan 25, 2012 11:23pm
Quoting Rk33333
GBP/AUD: Could this be the sequel to EUR/AUD?
Yes, I believe so as the GBP is looking weak. Also, check out GBP/NZD, should be similar.
  • #13,405
  • Jan 25, 2012 11:24pm Jan 25, 2012 11:24pm
new blog post........kind of timely as the post above stated what I was thinking.....
  • #13,406
  • Jan 26, 2012 6:30pm Jan 26, 2012 6:30pm
I must assume that this pin has not gone unnoticed.....despite the Fed comments a short could be a good play.....I am on the side however, as I (like others) have an open short on the EUR/AUD....
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  • #13,407
  • Edited 9:04pm Jan 26, 2012 8:42pm | Edited 9:04pm
I'm loaded up on the Eur/Aud and Aud/Usd, so no dry powder to fire right now.

I would also be a little nervous about shorting that right back on to the support at the BRN of 1.30.

Having said all of that, what do I know? hahaha. That pin bar might send the Euro right back down to 1.28.

This is a pin bar that formed on the Usd/Chf, so really just kind of a mirror image of your set-up MyPipBull.
I'm not taking this one either, but thought I would throw it out there.


Quoting mypipbull
I must assume that this pin has not gone unnoticed.....despite the Fed comments a short could be a good play.....I am on the side however, as I (like others) have an open short on the EUR/AUD....
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf pin bar.PNG Size: 41 KB
  • #13,408
  • Jan 26, 2012 10:47pm Jan 26, 2012 10:47pm
Quoting mypipbull
I must assume that this pin has not gone unnoticed.....despite the Fed comments a short could be a good play.....I am on the side however, as I (like others) have an open short on the EUR/AUD....
Yes, I saw this as well.....and went ahead and shorted it. I don't know if we are going to fall apart, but I figured it was good for a short-term play.
  • #13,409
  • Jan 26, 2012 10:48pm Jan 26, 2012 10:48pm
Quoting uBERpIP
I'm loaded up on the Eur/Aud and Aud/Usd, so no dry powder to fire right now.

I would also be a little nervous about shorting that right back on to the support at the BRN of 1.30.

Having said all of that, what do I know? hahaha. That pin bar might send the Euro right back down to 1.28.

This is a pin bar that formed on the Usd/Chf, so really just kind of a mirror image of your set-up MyPipBull.
I'm not taking this one either, but thought I would throw it out there.
This one is another chart I like......and might get long again in a few hours.....we will see. I think it should head back to 0.96 in the meantime, and maybe a bit higher. I still think this pair goes to parity this year.
  • #13,410
  • Jan 27, 2012 12:01am Jan 27, 2012 12:01am
Quoting clockwork71
Yes, I saw this as well.....and went ahead and shorted it. I don't know if we are going to fall apart, but I figured it was good for a short-term play.
The other one I quite like is the CAD. Its at an interesting level also.
In the Futures Market if we can break above the 1.00 there could be more upside.

In the EUR/CAD (Spot) if we can break below this range on 4H we could use recent history for profit taking...namely 1.29, 1.28, 1.25
Attached Image(s) (click to enlarge)
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  • #13,411
  • Jan 27, 2012 1:15pm Jan 27, 2012 1:15pm
Hmmmm.......looks like Europe is all fixed again.

You have to love the High Frequency Traders: They move into a market, destroy it, and then find new ones.

Anyone remember the stock markets? They were fun when they were around.....
  • #13,412
  • Jan 27, 2012 1:56pm Jan 27, 2012 1:56pm
Quoting clockwork71
Hmmmm.......looks like Europe is all fixed again.

You have to love the High Frequency Traders: They move into a market, destroy it, and then find new ones.

Anyone remember the stock markets? They were fun when they were around.....
Dunno about you matey, I got my eye on 1.32, shall watch and stab
  • #13,413
  • Jan 27, 2012 2:00pm Jan 27, 2012 2:00pm
Everything just stopped in place when Eur/Aud hit the diagonal support trend line.

And now we're getting yet another pop up towards 1.25.

Is this little ascending triangle with 1.25 resistance going to prove to be bullish and we see a breakout to the upside?

Or can we make another trip to 1.25 and get rejected, this time finally breaking the support below and continuing the ride down to a dismantled European Union?

These are the questions that keep me up at night. Well, not really. Mostly they just distract me from concentrating on my real job.

I'm headed to the market so I can buy a $6.5 bottle of PranQster beer. Costa Rica's import taxes and mark-up are ridiculous.

Have a great weekend everyone.


Quoting clockwork71
Hmmmm.......looks like Europe is all fixed again.

You have to love the High Frequency Traders: They move into a market, destroy it, and then find new ones.

Anyone remember the stock markets? They were fun when they were around.....
  • #13,414
  • Jan 27, 2012 2:50pm Jan 27, 2012 2:50pm
Quoting clockwork71
Hmmmm.......looks like Europe is all fixed again.

You have to love the High Frequency Traders: They move into a market, destroy it, and then find new ones.

Anyone remember the stock markets? They were fun when they were around.....
I reckon this bastard's headed to about 3360, and USD/CHF about 0.9.
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  • #13,415
  • Jan 28, 2012 12:47pm Jan 28, 2012 12:47pm
Quoting Rk33333
I reckon this bastard's headed to about 3360, and USD/CHF about 0.9.
Could be. To be honest, I think the Federal Reserve is going to make sure it happens. I think this is the year of the commodity currency though, and I am going to focus more attention on those parts of the world myself.
  • #13,416
  • Jan 30, 2012 3:30pm Jan 30, 2012 3:30pm
Hooray for gold! Looks like we are ready to confirm that trend line breakout....
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  • #13,417
  • Jan 30, 2012 9:34pm Jan 30, 2012 9:34pm
Quoting clockwork71
Hooray for gold! Looks like we are ready to confirm that trend line breakout....
Looking fairly strong. I got in early in the day and it was a slow crawl, but seems to be picking up steam.

Also riding the Swissy down for now. See if we can get to that .9000 level over the next couple of days.

Our old friend the EUR/AUD is setting up to possibly break that diagonal trend line to the down side. I might put a teaser there just to scratch that itch, but I'm loaded up on the Aussie and Swissy already.
Attached Image(s) (click to enlarge)
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  • #13,418
  • Jan 30, 2012 9:36pm Jan 30, 2012 9:36pm
Quoting uBERpIP
Looking fairly strong. I got in early in the day and it was a slow crawl, but seems to be picking up steam.

Also riding the Swissy down for now. See if we can get to that .9000 level over the next couple of days.

Our old friend the EUR/AUD is setting up to possibly break that diagonal trend line to the down side. I might put a teaser there just to scratch that itch, but I'm loaded up on the Aussie and Swissy already.
Yeah.....I really think the AUD is going to have a fantastic few months going forward.......with the ultra low interest rates in the US, and the mess in Europe - it makes total sense.

Chris
  • #13,419
  • Jan 31, 2012 9:55am Jan 31, 2012 9:55am
Exactly who is stupid enough to keep shorting EUR/CHF at this point? Look like they are going to press their luck. There is no way the SNB doesn't punish them for this. If they didn't - this pair would be at 1.10 overnight.
  • #13,420
  • Jan 31, 2012 9:56am Jan 31, 2012 9:56am
Quoting clockwork71
Exactly who is stupid enough to keep shorting EUR/CHF at this point? Look like they are going to press their luck. There is no way the SNB doesn't punish them for this. If they didn't - this pair would be at 1.10 overnight.
Yep. Just a slow drift down. you know how the markets are though, they love to challenge the power houses.

This should be interesting though, the Yuen is once again approaching intervention levels as well.

Seems to be like a battle of big banks may take place. I bet this will be drug right down to 1.20 though. The markets want to see if the SNB will make good on their floor or not.
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