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Silent Service Method

  • #13,481
  • Feb 10, 2012 1:41pm Feb 10, 2012 1:41pm
Quoting stewrigh
Still watching

Attachment

Decision Time lol

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  • #13,482
  • Feb 10, 2012 1:49pm Feb 10, 2012 1:49pm
How am I supposed to be able to catch price action if my charts don't show the same thing?

Looks like a perfect trade through your charts though..
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  • #13,483
  • Feb 10, 2012 2:04pm Feb 10, 2012 2:04pm
Quoting Ender2492
How am I supposed to be able to catch price action if my charts don't show the same thing?

Looks like a perfect trade through your charts though..
It's difficult to see your chart but it doesn't look so different.
  • #13,484
  • Feb 10, 2012 5:36pm Feb 10, 2012 5:36pm
Holy shit the GBP/USD looks interesting all of the sudden.......
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  • #13,485
  • Feb 11, 2012 5:18am Feb 11, 2012 5:18am
Quoting stewrigh
Funny you should mention the Turks - the Lira looks interesting ATM and great swap rate.
Yep it was interesting.

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  • #13,486
  • Feb 11, 2012 5:26am Feb 11, 2012 5:26am
Quoting clockwork71
Holy shit the GBP/USD looks interesting all of the sudden.......
Yep there's a lot of dollar strength showing on a few pairs ATM - My theory is ppl are buying the rumour(war in ME)
  • #13,487
  • Feb 11, 2012 7:22am Feb 11, 2012 7:22am
Quoting stewrigh
Yep there's a lot of dollar strength showing on a few pairs ATM - My theory is ppl are buying the rumour(war in ME)
I think it reflects the uncertainty in the EU myself. Of course, doesn't really matter why - just that it is......
  • #13,488
  • Feb 11, 2012 8:36am Feb 11, 2012 8:36am
Agreed GU also close below trendline
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  • #13,489
  • Feb 12, 2012 8:46am Feb 12, 2012 8:46am
Quoting heath
Agreed GU also close below trendline
We will see how the Pound reacts to the EU headlines. The UK is heavily exposed to Europe, so it will certainly be influenced by those issues......
  • #13,490
  • Feb 13, 2012 10:03pm Feb 13, 2012 10:03pm
For what it is worth - that weekly chart triggered sell signals....oh, and I think Katherine McPhee is the perfect woman.
  • #13,491
  • Feb 14, 2012 5:56am Feb 14, 2012 5:56am
Quoting clockwork71
....oh, and I think Katherine McPhee is the perfect woman.
I am going to respectfully disagree... (just in case my wife ever reads an FX forum)
  • #13,492
  • Feb 14, 2012 7:45am Feb 14, 2012 7:45am
Quoting uBERpIP
I am going to respectfully disagree... (just in case my wife ever reads an FX forum)
Very well put Sir, and on Valentine's Day even.....
  • #13,493
  • Feb 14, 2012 12:45pm Feb 14, 2012 12:45pm
Quoting clockwork71
For what it is worth - that weekly chart triggered sell signals....oh, and I think Katherine McPhee is the perfect woman.
thanks for the weekly analysis
  • #13,494
  • Feb 14, 2012 2:47pm Feb 14, 2012 2:47pm
I went long on the close of yesterday's daily bar at 0.9174. Price touched the 9100 level for the second time and closed above the zone and above previous day close.
Is my approach correct? And now that I am in the trade can you guide me as to how best to manage this one?

Thanks for any help with this.
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  • #13,495
  • Feb 14, 2012 4:28pm Feb 14, 2012 4:28pm
Quoting heath
I went long on the close of yesterday's daily bar at 0.9174. Price touched the 9100 level for the second time and closed above the zone and above previous day close.
Is my approach correct? And now that I am in the trade can you guide me as to how best to manage this one?

Thanks for any help with this.
I would watch out for the 0.9259 level, the top of the shooting star from last week. That will be the hurdle you need to overcome in order to get this pair really going. Your trade will be made or broken at that point. As for the long term, I am bullish of this pair to about parity.

Chris
  • #13,496
  • Feb 14, 2012 4:44pm Feb 14, 2012 4:44pm
Quoting clockwork71
I would watch out for the 0.9259 level, the top of the shooting star from last week. That will be the hurdle you need to overcome in order to get this pair really going. Your trade will be made or broken at that point. As for the long term, I am bullish of this pair to about parity.

Chris
thanks Chris
  • #13,497
  • Feb 14, 2012 6:08pm Feb 14, 2012 6:08pm
I'm not convinced of dollar long positions just yet.

Do you think this JPY weakness due to the printing will last long?
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  • #13,498
  • Feb 14, 2012 7:08pm Feb 14, 2012 7:08pm
My thoughts on the Redback (AUD) for what its worth.....

AUD(Futures)
Monthly Chart - Shows potentially the biggest Double (or tripleish) Top in history.
Weekly Chart - Clearly shows we are in a range between 1.08 and 1.06, moves above or below will be great trades.

I suspect if price moves above 1.08 (after retest) it will grind its way up however, if it breaks below 1.06 and fails on a retest this could be a great short.

A short on the redback is very very very counter trend I know, but any major reversal is, there is also other supporting fundamental evidence imho.

As a result I have a speccy short order in the spot on the AUD/USD based on the Weekly pin.....if I'm wrong on this then big deal its 1.5% of my account......

Thanks for listening guys.....
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  • #13,499
  • Feb 14, 2012 7:17pm Feb 14, 2012 7:17pm
Quoting Rk33333
I'm not convinced of dollar long positions just yet.

Do you think this JPY weakness due to the printing will last long?
I am personally watching the 80 level in USD/JPY. That is where the real fight is in my opinion.
  • #13,500
  • Feb 14, 2012 7:19pm Feb 14, 2012 7:19pm
Quoting mypipbull

As a result I have a speccy short order in the spot on the AUD/USD based on the Weekly pin.....if I'm wrong on this then big deal its 1.5% of my account......

Thanks for listening guys.....
The shorting of the Aussie here would take some guts.....but then again, the 1.08 level has been very resistive. I have a triangle on the daily that broke out at 1.04, that measured to 1.12 if all goes as planned. However, one thing you can bank on - volatility.
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