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Silent Service Method

  • #13,541
  • Feb 22, 2012 9:34am Feb 22, 2012 9:34am
True.......
  • #13,542
  • Feb 22, 2012 9:37am Feb 22, 2012 9:37am
Interesting chart.....USD/CHF at 50% retrace of the last surge up.....and the 0.91 to 0.90 levels seems to be supportive. Two hammers in a row - so this could be a decent sign. Although I am not a moving average trader, the 200 day EMA is one I will at least be aware of since so many professionals seem to like it. It is the magenta line just under price......
Attached Image (click to enlarge)
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  • #13,543
  • Feb 23, 2012 3:30pm Feb 23, 2012 3:30pm
Quoting clockwork71
Interesting chart.....USD/CHF at 50% retrace of the last surge up.....and the 0.91 to 0.90 levels seems to be supportive. Two hammers in a row - so this could be a decent sign. Although I am not a moving average trader, the 200 day EMA is one I will at least be aware of since so many professionals seem to like it. It is the magenta line just under price......
Looks like it's found .90. Let's see if it holds/bounces, or falls straight through.

Also, I've got another 30 minutes left on my chart broker's daily candle. USD/JPY is forming a nice 2 day pin. L

Looks to close under 80. by a hair, and is also being rejected by the 365 EMA.

I'll take a stab here and try to work her down to 78.5 or so.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd chf support.PNG Size: 43 KB
Click to Enlarge Name: usd jpy pin.PNG Size: 40 KB
  • #13,544
  • Feb 23, 2012 4:00pm Feb 23, 2012 4:00pm
Quoting clockwork71
Another potential long-term trade......Oil rises, this one takes off. (Or down I should say.)
Looks like it tried to break down today but couldn't quite get there
  • #13,545
  • Feb 23, 2012 7:09pm Feb 23, 2012 7:09pm
Quoting seattletrade
Looks like it tried to break down today but couldn't quite get there
Yep.....worth watching though....it's on my short list at the moment.
  • #13,546
  • Feb 23, 2012 7:11pm Feb 23, 2012 7:11pm
Quoting uBERpIP
Looks like it's found .90. Let's see if it holds/bounces, or falls straight through.

Also, I've got another 30 minutes left on my chart broker's daily candle. USD/JPY is forming a nice 2 day pin. L

Looks to close under 80. by a hair, and is also being rejected by the 365 EMA.

I'll take a stab here and try to work her down to 78.5 or so.
I myself am looking for sub-79.50 to short the USD/JPY pair, and the USD/CHF pair is certainly at an area that we could see some kind of signal as well.......end of the day tomorrow we should know a bit more I would think.
  • #13,547
  • Feb 23, 2012 7:54pm Feb 23, 2012 7:54pm
Quoting clockwork71
I myself am looking for sub-79.50 to short the USD/JPY pair, and the USD/CHF pair is certainly at an area that we could see some kind of signal as well.......end of the day tomorrow we should know a bit more I would think.
My USD/JPY hasn't triggered yet, and it may not. It might just make some legs and keep walking up and over 80.0.

The 79.50 is definitely a more legit zone.

I'm just being greedy and trying to exact my revenge on a market that owes me......it's a dangerous game I play (with my $0.10 pip micro account)
  • #13,548
  • Feb 23, 2012 9:15pm Feb 23, 2012 9:15pm
Drew some short term trend lines.

But my guess is usd/yen might show where it wants to head at reaction spot?

having said that, absolute miserable movement from this pair though.
seems like a standoff from everyone until either party makes the first move and everyone follows
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 42 KB
  • #13,549
  • Feb 23, 2012 9:55pm Feb 23, 2012 9:55pm
Quoting miracle16
Drew some short term trend lines.

But my guess is usd/yen might show where it wants to head at reaction spot?

having said that, absolute miserable movement from this pair though.
seems like a standoff from everyone until either party makes the first move and everyone follows
And this is a major point. The market should move first - then you follow. Anticipating the next move has cost me more money than I care to admit over the years.....
  • #13,550
  • Feb 23, 2012 10:25pm Feb 23, 2012 10:25pm
Quoting clockwork71
And this is a major point. The market should move first - then you follow. Anticipating the next move has cost me more money than I care to admit over the years.....
so true. everyone should read and re-read this.
  • #13,551
  • Feb 24, 2012 6:39am Feb 24, 2012 6:39am
Chris and all
Please forgive this general request.
Since finding this thread I have gone from maybe 8-9 trades a week to 2-3 and I am all the better for it. Thank you.
I am now trying to understand the thinking behind the trades you do. For example USDCHF closed below the support zone yesterday and today is up to now still continuing south.
Chris in your post above you stated that you will wait to maybe end of today to see what it does.
So is my thinking correct: It has closed below the zone therefore the bias must be a short trade. Now I wait for a setup on price action which signals a short. Lowest time frame to consider is the 4hr.

Is this right?

Thanks
Patrick
  • #13,552
  • Feb 24, 2012 7:04am Feb 24, 2012 7:04am
Quoting heath
Chris and all
Please forgive this general request.
Since finding this thread I have gone from maybe 8-9 trades a week to 2-3 and I am all the better for it. Thank you.
I am now trying to understand the thinking behind the trades you do. For example USDCHF closed below the support zone yesterday and today is up to now still continuing south.
Chris in your post above you stated that you will wait to maybe end of today to see what it does.
So is my thinking correct: It has closed below the zone therefore the bias must be a short trade. Now I wait...
Yes, in general you are correct. However, I am not a fan of buying the Franc (shorting) this pair at the moment because of the EUR/CHF being so close to the 1.20 "floor". If they intervene, it will push this pair up as well. Otherwise, I would agree 100%.
  • #13,553
  • Feb 24, 2012 7:08am Feb 24, 2012 7:08am
Quoting clockwork71
Yes, in general you are correct. However, I am not a fan of buying the Franc (shorting) this pair at the moment because of the EUR/CHF being so close to the 1.20 "floor". If they intervene, it will push this pair up as well. Otherwise, I would agree 100%.
Thanks.

Patrick
  • #13,554
  • Feb 24, 2012 9:32am Feb 24, 2012 9:32am
Inserted Video
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  • #13,555
  • Feb 24, 2012 11:09am Feb 24, 2012 11:09am
Hey guys,

My view on this pair,
time to sell again? 1.38 golden number - target 1.20
only time will tell

sorry my english seniors , nice weekend!



Attached Image (click to enlarge)
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  • #13,556
  • Feb 24, 2012 11:21am Feb 24, 2012 11:21am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 24022012.png Size: 75 KB


let me share this interesting article:

http://seekingalpha.com/article/3861...s-market-lower
  • #13,557
  • Feb 24, 2012 12:35pm Feb 24, 2012 12:35pm
Quoting andrugeno
Attachment

let me share this interesting article:

http://seekingalpha.com/article/3861...s-market-lower

I too am watching GBP/USD for some kind of sign we are going lower.......I think 1.60 is going to be tough to overcome.
  • #13,558
  • Feb 24, 2012 12:52pm Feb 24, 2012 12:52pm
I have officially retired from this sham called FX.

For the weekend. See you guys soon, and have a great weekend.
  • #13,559
  • Feb 24, 2012 2:02pm Feb 24, 2012 2:02pm
The Yen pairs are looking interesting now.
Attached Image (click to enlarge)
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  • #13,560
  • Feb 24, 2012 11:03pm Feb 24, 2012 11:03pm
Quoting uBERpIP
I have officially retired from this sham called FX.

For the weekend. See you guys soon, and have a great weekend.
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