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Silent Service Method

  • #13,701
  • Edited 11:37am May 3, 2012 8:07am | Edited 11:37am
Quoting clockwork71
The USD/JPY pair fell through the 80 handle, but we still have the 200 day EMA in the way of the sellers. This EMA is a major one that a lot of trend traders and black box systems pay attention to. It is only because of this that I bring it up.

If the pair falls, I am moving on. I am not interested in shorting under any circumstances, save the Bank of Japan giving up publicly.

I agree,waiting for a daily close above 81.17 and PA to set-up above this......

BOJ intervention due...........? My guess is UJ will probably "pop" the 79.63 barrier for stops before intervening...?



Ja
Memories caught in time but never forgotten
  • #13,702
  • May 3, 2012 10:04pm May 3, 2012 10:04pm
I believe the jobs number could be the catalyst to see this pair higher.....if it is a good announcement that is. If not.....BoJ will probably have to get involved in the near future.
  • #13,703
  • May 7, 2012 8:49am May 7, 2012 8:49am
Currently on the mind......shorting AUD/USD.

Check out the daily chart, and then the hourly......the hourly has filled the gap, and we could see weakness here. I sometimes talk about using the shorter time frame charts for entries, based upon longer term ones for direction. This could be an example of that if we fall a little bit.
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  • #13,704
  • May 7, 2012 9:55pm May 7, 2012 9:55pm
Quoting clockwork71
Currently on the mind......shorting AUD/USD.

Check out the daily chart, and then the hourly......the hourly has filled the gap, and we could see weakness here. I sometimes talk about using the shorter time frame charts for entries, based upon longer term ones for direction. This could be an example of that if we fall a little bit.
Looks like it popped a little higher but I see 2 nice bearish 4H bars now testing and rejecting the 1.02 level (1.0225).
Have been bearish the AUD for some time now and this looks like another opportunity to 'cautiously' add.
Attached Image (click to enlarge)
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  • #13,705
  • May 7, 2012 11:09pm May 7, 2012 11:09pm
Quoting mypipbull
Looks like it popped a little higher but I see 2 nice bearish 4H bars now testing and rejecting the 1.02 level (1.0225).
Have been bearish the AUD for some time now and this looks like another opportunity to 'cautiously' add.
Yeah.....I think given enough time, we will be sub-parity again. I don't think meltdown, just that the Aussie is overvalued.
  • #13,706
  • May 9, 2012 11:18am May 9, 2012 11:18am
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
  • #13,707
  • May 9, 2012 12:55pm May 9, 2012 12:55pm
Quoting clockwork71
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
What?! Trouble? What are you talking about? I haven't heard a thing. Well, surely Greece is safe at least on the outskirts of Europe? I sure hope so as I just today invested all my funds in Greek Government Bonds.

  • #13,708
  • May 9, 2012 1:49pm May 9, 2012 1:49pm
Quoting clockwork71
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
I take that back - we've had a bounce from when I posted this. The Americans are buying Euros again. (The same brilliant minds that brought you the housing and financial crisis.)

The more I follow markets, the more I realize the "best and brightest" are fucking morons. Now that I know exactly how stupid most of these people are, I certainly feel better about economics.
  • #13,709
  • May 10, 2012 3:03pm May 10, 2012 3:03pm
Wow.....everything closed ugly today.
  • #13,710
  • Edited 5:16am May 12, 2012 4:51am | Edited 5:16am
Opinions?

Gold and silver are entering big demand as well.
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  • #13,711
  • May 12, 2012 4:49pm May 12, 2012 4:49pm
Quoting Rk33333
Opinions?

Gold and silver are entering big demand as well.
I don't like this pair at the moment, because you have the EUR, which is so flawed it isn't even funny, and the Aussie which will fall on risk aversion. To be honest, I don't know if I would understand how it "should" move at this point???
  • #13,712
  • May 13, 2012 11:12am May 13, 2012 11:12am
brainless observation posted on the blog.
  • #13,713
  • May 13, 2012 12:43pm May 13, 2012 12:43pm
New video on the blog.
  • #13,714
  • May 13, 2012 5:38pm May 13, 2012 5:38pm
Interesting article:

http://www.bloomberg.com/news/2012-0...er-tigers.html
  • #13,715
  • May 14, 2012 9:15pm May 14, 2012 9:15pm
blog post...

By the way, I am now a "writer" at forexpros.com as of yesterday.
  • #13,716
  • May 15, 2012 3:16am May 15, 2012 3:16am
Quoting clockwork71
By the way, I am now a "writer" at forexpros.com as of yesterday.
Cool.....i guess they will have to take a photo of you in a suit and tie to put next to the articles.....enjoy.
  • #13,717
  • May 15, 2012 9:19pm May 15, 2012 9:19pm
another blog post
  • #13,718
  • May 15, 2012 9:21pm May 15, 2012 9:21pm
Looks like we are going to get some continuation in the Euro fall. I am watching the EUR/GBP pair at the moment as the GBP/USD is at the 1.60 support level, and if it pops a bit - this pair could fall nicely. You couldn't pay me to buy the Euro at the moment, and the idea of this pair falling makes sense. Also, the 0.80 handle has been broken and proved resistive......could be a worthwhile trade....
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  • #13,719
  • May 17, 2012 6:55am May 17, 2012 6:55am
The Pound is getting beat up......but I can't help but notice this 4 hour chart......it's showing a shooting star at the right place......so I will be watching for another short.
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  • #13,720
  • May 18, 2012 2:57pm May 18, 2012 2:57pm
Quite amazing watching everyone on CNBC make excuses for Facebook closing roughly unchanged. The only reason that FB is positive for the day is the fact that the underwriters are intervening at the $38 level......

Risk off.
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