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Silent Service Method

  • #13,781
  • May 27, 2012 12:45pm May 27, 2012 12:45pm
Quoting clockwork71
I would be very careful thinking like this. Granted, the Dollar is up against resistance in several pairs......but the following charts are certainly saying that people are buying USD. There are literally dozens more that I found like this......these are just a nice basket from around the world to give you a better picture......
Oh how I wish that the USDX was tradeable for me... Pretty please Oanda!
  • #13,782
  • May 27, 2012 12:48pm May 27, 2012 12:48pm
New blog post......
  • #13,783
  • Edited 1:08pm May 27, 2012 12:52pm | Edited 1:08pm
well you sort of can in lots of ways ,but eu springs to mind


Quoting o990l6mh
Oh how I wish that the USDX was tradeable for me... Pretty please Oanda!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,784
  • May 27, 2012 12:55pm May 27, 2012 12:55pm
Quoting Bones
well it sort of is in lots of ways ,but eu springs to mind
Yes, true, but still it would be nice to not have to use proxies. I can trade the big stock indices, why not also the $ index...

In a situation where your view is just generally USD positive, it would simplifyl things a lot.
  • #13,785
  • May 27, 2012 1:14pm May 27, 2012 1:14pm
I like the lfx charts ,mainly cause I can use targets on them for confluence

Say I'm thinking
2.1000 eur divide 1.7200 usd = 1.2209
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,786
  • May 27, 2012 3:07pm May 27, 2012 3:07pm
Quoting clockwork71
New blog post......


Nice work, you raised some good points.
Regarding the Euro, i'm not sure how many traders realise that there was actually a precursor to the euro, namely the ecu( european currency unit}
This first started trading in the late 80's. As an ex pro broker, i can tell you it was not well received, and turnover compared to the major markets was insignificant. Lumping numerous currencies into a basket,with different levels of economic growth and inflation, presented significant challenges in determining an accurate value.
At the same time,cross currencies were taking off,where savvy bank traders realised they could move more currency, against the more traditional dollar markets. Usd/yen, gbp/usd, usd/chf, etc in the interbank market, was quoted in 5 mill .A price quoted by an interbank broker was good for the minimum of 5 mill. Contrast this with say, deutchemark/yen, where prices were good for 20 mill, and you can see the attraction.
Fast forward, and we are where we are. Markets UNDERESTIMATE bad news, in my experience.
regarding the euro, i see no fudamentals to change my opinion 1 month ago. If 1.25 gives way, next stop 1.18.
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  • #13,787
  • May 27, 2012 3:53pm May 27, 2012 3:53pm
Quoting jazzman


Nice work, you raised some good points.
Regarding the Euro, i'm not sure how many traders realise that there was actually a precursor to the euro, namely the ecu( european currency unit}
This first started trading in the late 80's. As an ex pro broker, i can tell you it was not well received, and turnover compared to the major markets was insignificant. Lumping numerous currencies into a basket,with different levels of economic growth and inflation, presented significant challenges in determining an accurate value.
At the same time,cross...
Thanks for your input. Yeah......I think that one of two things happen: Either the Euro disintegrates, or they have to print, print, print........either scenario should be bad for Euro strength.
  • #13,788
  • May 27, 2012 11:22pm May 27, 2012 11:22pm
Quoting clockwork71
I would be very careful thinking like this. Granted, the Dollar is up against resistance in several pairs......but the following charts are certainly saying that people are buying USD. There are literally dozens more that I found like this......these are just a nice basket from around the world to give you a better picture......
Thnx Chris, but thankfully I don't trade my thoughts lol.

I just go with the flow(trend) but I do think that eventually, maybe by Xmas the focus will shift from the Euro to US and ppl will realise the dollar is as vulnerable(or more so) than Euro. For instance can you imagine what would happen if the only countries left in Euro were Ger/Ndl/Dnk/Lux.

Yes I know ppl are buying the dollar but it's a bit of a hobson's choice atm - where else can they put their money for safety?

I just love the Funnymentals but try to ignore them and just trade the charts - except for gold and silver where I just keep buying dips.
  • #13,789
  • May 28, 2012 1:27am May 28, 2012 1:27am
Ok I think you probly know my thoughts on the funnymentals but what do I see in the charts........

Just a heads-up....

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  • #13,790
  • May 28, 2012 6:54am May 28, 2012 6:54am
Right you must be long now then ?

Gold ,you know it has 2 pins on W1



Quoting stewrigh
Thnx Chris, but thankfully I don't trade my thoughts lol.

I just go with the flow(trend) but I do think that eventually, maybe by Xmas the focus will shift from the Euro to US and ppl will realise the dollar is as vulnerable(or more so) than Euro. For instance can you imagine what would happen if the only countries left in Euro were Ger/Ndl/Dnk/Lux.

Yes I know ppl are buying the dollar but it's a bit of a hobson's choice atm - where else can they put their money for safety?

I just love the Funnymentals but try to ignore them and just trade...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,791
  • May 28, 2012 8:53am May 28, 2012 8:53am
Quoting Bones
Right you must be long now then ?

Gold ,you know it has 2 pins on W1

Yep

Quoting stewrigh
Keep on stacking - Double pins

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  • #13,792
  • May 28, 2012 9:40am May 28, 2012 9:40am
Quoting clockwork71
Thanks for your input. Yeah......I think that one of two things happen: Either the Euro disintegrates, or they have to print, print, print........either scenario should be bad for Euro strength.

Not sure - I think there is another scenario, or 2...... and I don't think Germany or Holland/Austria will let them print

The only countries left in Euro are the Northern states - Germany, Denmark(yeah I know they're not in...but you never know), Holland, Austria, Luxembourg,

OR Germany leaves Euro first - then Euro would collapse.

OR Everyone goes back to their original currencies.

OR They have 2 Euro's say a Neuro and a Seuro??????

Who knows?? - I think they are just mad enough to do almost anything
  • #13,793
  • May 28, 2012 9:52am May 28, 2012 9:52am
Then

I must take your money

Quoting stewrigh
Yep
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,794
  • May 28, 2012 10:39am May 28, 2012 10:39am
Quoting Bones
Then

I must take your money
That might be difficult unless you are gonna come round and break in to my house and steal them(Eagles)
  • #13,795
  • May 28, 2012 10:49am May 28, 2012 10:49am
lol no I just trade against you

Because I can read price and you can not
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,796
  • May 28, 2012 5:14pm May 28, 2012 5:14pm
lol ,you see stu your completly blinkered

head in sand ,and im not being rude


text book ,

incorrect
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,797
  • May 28, 2012 5:15pm May 28, 2012 5:15pm
consider that last post bye bye
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,798
  • May 28, 2012 5:52pm May 28, 2012 5:52pm
Quoting Bones
lol ,you see stu your completly blinkered

head in sand ,and im not being rude


text book ,

incorrect
wow.....Bones take a breath......who cares......its only a trade.....its not a pissing competition.....

You appear to be the blinkered one.......how anyone can have such conviction about being 100% confident in the market is astounding....

Who gives a s##t.......its just a trade. Please stop hijacking this thread with your ego.....thanks
  • #13,799
  • May 28, 2012 7:07pm May 28, 2012 7:07pm
Yea right I have the ego lol

let me think
strat
j16
silent service

Not overlay friendly places

Theres a connection

Ill sleep on it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,800
  • May 28, 2012 7:58pm May 28, 2012 7:58pm
Quoting Bones
Right you must be long now then ?

Gold ,you know it has 2 pins on W1
Yeah, gold is an easy one for me at the moment: long above $1,600 and short on a break below the $1,500 level.
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