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Silent Service Method

  • #13,521
  • Feb 16, 2012 3:08pm Feb 16, 2012 3:08pm
This thread retains its top notch position. It's impressive Chris that you've managed to keep this thread running for so long and all the time holding the highest standard.



Btw, I agree, can't EURAUD and why not also EURNZD just hurry up and drop!
  • #13,522
  • Feb 16, 2012 11:26pm Feb 16, 2012 11:26pm
Quoting o990l6mh
This thread retains its top notch position. It's impressive Chris that you've managed to keep this thread running for so long and all the time holding the highest standard.



Btw, I agree, can't EURAUD and why not also EURNZD just hurry up and drop!
Thanks for the compliments!

I think it/they will.....but the EU decision with the Greek bailout is holding a lot of things up......
  • #13,523
  • Feb 17, 2012 6:12pm Feb 17, 2012 6:12pm
Another potential long-term trade......Oil rises, this one takes off. (Or down I should say.)
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  • #13,524
  • Feb 17, 2012 11:52pm Feb 17, 2012 11:52pm
Hi Chris,

Have been silently following your thread for some time now.
Time to give some back.

An area of interest for this pair.
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  • #13,525
  • Feb 18, 2012 7:11am Feb 18, 2012 7:11am
Quoting miracle16
Hi Chris,

Have been silently following your thread for some time now.
Time to give some back.

An area of interest for this pair.
Agreed 110%. There are several Yen related pairs that are either at, or approaching areas like this. AUD/JPY, USD/JPY, and EUR/JPY all come to mind off the top of my head. Next week should be important for the Yen in general.
  • #13,526
  • Edited 8:50am Feb 19, 2012 8:03am | Edited 8:50am
Hi everybody,
looks like audsgd is ready to drop, what is your opinion?
Very strong resistance around 1.35 and a nice pinbar on a weekly TF. in addition, Friday bar is an outside bar,
1.35 has been acting as a resistance since 1991 (maximum period my charts can show).

p.s. Chris thanks again for the thread and valuable lessons.
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  • #13,527
  • Feb 19, 2012 12:25pm Feb 19, 2012 12:25pm
Quoting inom
Hi everybody,
looks like audsgd is ready to drop, what is your opinion?
Very strong resistance around 1.35 and a nice pinbar on a weekly TF. in addition, Friday bar is an outside bar,
1.35 has been acting as a resistance since 1991 (maximum period my charts can show).

p.s. Chris thanks again for the thread and valuable lessons.
VERY interesting chart. I would think the downside could be the right play, but you have to be willing to ride out all of the choppiness on the way down if you do short it. As long as you know this ahead of time, it can be much easier to do........the bar is at the right place though. Thanks for bringing this to everyone's attention!
  • #13,528
  • Feb 19, 2012 6:01pm Feb 19, 2012 6:01pm
Strong Gap-Ups all across the board due to reduced chinese lending rates.

I actually love the timing of it.
Its either a hard break through these strong yen PPZs signifying further uptrend, or the covering of these gaps will show PA back downwards for a breather
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  • #13,529
  • Feb 19, 2012 8:25pm Feb 19, 2012 8:25pm
Quoting miracle16
Strong Gap-Ups all across the board due to reduced chinese lending rates.

I actually love the timing of it.
Its either a hard break through these strong yen PPZs signifying further uptrend, or the covering of these gaps will show PA back downwards for a breather
I would highly recommend letting higher time frame charts lead the way. I would wait for at least a 4 hour chart to confirm anything I was doing at this point.......
  • #13,530
  • Feb 19, 2012 8:28pm Feb 19, 2012 8:28pm
Thats true.

Thanks for the reminder chris.

anyway i'm still waiting or the current 4hr candle to close.
will want to see it close below 126 preferably.
  • #13,531
  • Feb 20, 2012 2:05am Feb 20, 2012 2:05am
An interesting article.....reminds me of how chaotic things get at subatomic levels.

http://www.wired.com/wiredscience/20...speed-trading/
  • #13,532
  • Feb 20, 2012 12:07pm Feb 20, 2012 12:07pm
Quoting Low
An interesting article.....reminds me of how chaotic things get at subatomic levels.

http://www.wired.com/wiredscience/20...speed-trading/

Thanks for posting this.
  • #13,533
  • Feb 20, 2012 8:59pm Feb 20, 2012 8:59pm
Quoting Low
An interesting article.....reminds me of how chaotic things get at subatomic levels.

http://www.wired.com/wiredscience/20...speed-trading/
That was a great read! It even had a bonus for me, as one of the researchers was from my alma mater, the University of Miami.

If anyone is ready to take a leap from the scientific to the conspiratorial, the CEO of Overstock.com has a website where he laid out some fairly heavy ideas, accusations and conclusions.

The site was shut down briefly after a lawsuit from from one the persons mentioned within the story. I haven't read the site since it has come back online, so I can't attest to any changes or edits that have been made from the original.

http://www.deepcapture.com/
  • #13,534
  • Feb 20, 2012 10:03pm Feb 20, 2012 10:03pm
Looks like a 56%-ish haircut has been agreed upon by Greek bondholders.....

That isn't a haircut, that's a decapitation.
  • #13,535
  • Feb 21, 2012 3:27pm Feb 21, 2012 3:27pm
Am I the only one that doesn't see who will be lending to the Greeks going forward? This whole situation has been a joke. If I had to take a 53%+ haircut on money I loaned someone - I wouldn't do it again.......
  • #13,536
  • Feb 21, 2012 7:28pm Feb 21, 2012 7:28pm
Quoting clockwork71
Am I the only one that doesn't see who will be lending to the Greeks going forward? This whole situation has been a joke. If I had to take a 53%+ haircut on money I loaned someone - I wouldn't do it again.......
Well.....I took a 5.3% haircut on my EUR/AUD play.....so I can relate. LOL

All of it's a joke. Not only the Greece bailout.

I had my 9 year old daughter pick a number between 1 and 100 today. And my son had to say up or down.

So........the next time we get to x.48 I'm shorting across the board!

  • #13,537
  • Feb 21, 2012 8:41pm Feb 21, 2012 8:41pm
Quoting uBERpIP
Well.....I took a 5.3% haircut on my EUR/AUD play.....so I can relate. LOL
I also got stopped out on the EUR/AUD short....I had managed to trail stops down a little to reduce a full 1R loss.

As a side though...personally I am less happy about being long the AUD/USD at the moment anyway.......I will only consider buying this once/if we clear 1.1....

I prefer a possible short scenario, if we move below the Feb14 low, i am looking to sell a failed retest of that low or a failed retest of the current broken trendline....this is counter trend but I like it none the less......

Switching to Weekly chart the bars are as follows:
Bearish pin bar + Doji + 'possible' bearish outside engulfing bar in process of forming......

Shorting this pair (countertrend) requires some proving by the market. Entering early without this confirmation is BAD BAD BAD.

Food for thought.....
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  • #13,538
  • Feb 21, 2012 9:31pm Feb 21, 2012 9:31pm
Quoting clockwork71
Am I the only one that doesn't see who will be lending to the Greeks going forward? This whole situation has been a joke. If I had to take a 53%+ haircut on money I loaned someone - I wouldn't do it again.......
No kidding. Where is my 50% hair cut on my car payments and mortgage? Geez...
  • #13,539
  • Feb 21, 2012 11:31pm Feb 21, 2012 11:31pm
Quoting mypipbull
I also got stopped out on the EUR/AUD short....I had managed to trail stops down a little to reduce a full 1R loss.

As a side though...personally I am less happy about being long the AUD/USD at the moment anyway.......I will only consider buying this once/if we clear 1.1....

I prefer a possible short scenario, if we move below the Feb14 low, i am looking to sell a failed retest of that low or a failed retest of the current broken trendline....this is counter trend but I like it none the less......

Switching to Weekly chart the bars are as follows:
Bearish...
I personally like the idea of buying, but on dips. I think the 1.04 level is absolutely vital. It is the site of a breakout from the daily triangle, and this should be supportive in a major way at that point......
  • #13,540
  • Feb 22, 2012 7:18am Feb 22, 2012 7:18am
Quoting clockwork71
Am I the only one that doesn't see who will be lending to the Greeks going forward? This whole situation has been a joke. If I had to take a 53%+ haircut on money I loaned someone - I wouldn't do it again.......
Don't worry Chris, there are probably lots of kids in special ed whose pocket money Greece can still manage to borrow.

That should cover it really. I mean, it's not like they need a lot of money huh

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