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Silent Service Method

  • #13,921
  • Jun 14, 2012 9:48am Jun 14, 2012 9:48am
It has been well done but lets be honest ,high risk ,your gonna lose keep going like that
Just say it outright I would


Quoting mypipbull
Well done, it's not luck because you followed YOUR trade plan.
Just think about the mental damage that would have been done if you took the trade off because of others opinions.
I agree with 'most', it was counter trend but good on you.
Despite the headlines the Euro will fight back imho.
Stick to your guns right or wrong.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,922
  • Jun 14, 2012 9:50am Jun 14, 2012 9:50am
This is what is wrong with the markets now, simply the same thing as high school gossip and drama:

http://www.bloomberg.com/news/2012-0...orp-falls.html

And yet......tomorrows headline will say something like "Stocks fall as traders eye Greek elections....."
  • #13,923
  • Jun 14, 2012 9:59am Jun 14, 2012 9:59am
I think ,messy up trend continuation pattern ,difficult to trade ,like said before ,but what could come could be EASY to 1.5

continuation pattern ,which already broke to downside

charts ,ideas , better than general chit chat (right or wrong)


Yes?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,924
  • Jun 14, 2012 10:03am Jun 14, 2012 10:03am
gold ,stu what do you think ,wedge ? h4
Attached Image (click to enlarge)
Click to Enlarge Name: gold wedge 14-6-12 continuation.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,925
  • Jun 14, 2012 10:48am Jun 14, 2012 10:48am
Hi Tony,

If Chris doesn't mind and as you ask - my view on gold long term, as you know, I'm an uber bull.

Don't really look at wedges I'm more of a pennant fan.

St I wouldn't get in now - depending on what happens in Greece on Sunday we could see some major moves(or not) lol.

I've got 2 areas I'm watching atm 1620ish and 1540 ish -

Price has been coiling(consolidating?) for nearly 12 months now and I think it'll break up soon - Don't really care tho - I'm long anyway and if it drops I'll add - if it breaks 1640 I'll add.

Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 105 KB
  • #13,926
  • Jun 14, 2012 3:04pm Jun 14, 2012 3:04pm
Quoting stewrigh
Hi Tony,

If Chris doesn't mind and as you ask - my view on gold long term, as you know, I'm an uber bull.

Don't really look at wedges I'm more of a pennant fan.

St I wouldn't get in now - depending on what happens in Greece on Sunday we could see some major moves(or not) lol.

I've got 2 areas I'm watching atm 1620ish and 1540 ish -

Price has been coiling(consolidating?) for nearly 12 months now and I think it'll break up soon - Don't really care tho - I'm long anyway and if it drops I'll add - if it breaks 1640 I'll add.

Attachment ...

For what it is worth - a daily close above $1,640 has me getting massively bullish.
  • #13,927
  • Jun 14, 2012 3:37pm Jun 14, 2012 3:37pm
IMHO...Gold has got 1750-1780 written all over it.....
Attached Image (click to enlarge)
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Memories caught in time but never forgotten
  • #13,928
  • Jun 14, 2012 3:49pm Jun 14, 2012 3:49pm
Quoting dolphin
hit my TP1 @1.26000
move to breakeven @1.24748

just luck!
move SL to @1.26000
  • #13,929
  • Jun 14, 2012 4:49pm Jun 14, 2012 4:49pm
Well I hope that is a wedge lol my best /biggest sell is there where we are ,but im 1,200 under ,I will apply a stop above highs ,falling tl monthly

I want to buy at 1475

$ on support ,but bearish daily need bullish min 1


Quoting stewrigh
Hi Tony,

If Chris doesn't mind and as you ask - my view on gold long term, as you know, I'm an uber bull.

Don't really look at wedges I'm more of a pennant fan.

St I wouldn't get in now - depending on what happens in Greece on Sunday we could see some major moves(or not) lol.

I've got 2 areas I'm watching atm 1620ish and 1540 ish -

Price has been coiling(consolidating?) for nearly 12 months now and I think it'll break up soon - Don't really care tho - I'm long anyway and if it drops I'll add - if it breaks 1640 I'll add.

Attachment ...
Attached Image (click to enlarge)
Click to Enlarge Name: gold monthly 14-6 -12.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,930
  • Jun 14, 2012 8:23pm Jun 14, 2012 8:23pm
Quoting j4d
IMHO...Gold has got 1750-1780 written all over it.....
I don't know where its going but a close above 1650 and I will be looking for longs. Closes below 1540 and I will be on the side even though I am bullish.
  • #13,931
  • Jun 14, 2012 8:50pm Jun 14, 2012 8:50pm
Random chart here but Nat Gas has been the whipping boy of the energy market for the last 4 years. Today we had a monster up move of about 14%.
I get the feeling that this market may be trying to put in a bottom and there is potential for massive upside. If the $2 mark can hold near term and we get closes above $3 we may be on the way up. We could be buying dips for years, maybe long term options would be a go? Never traded options in my life.
Early days but this chart is on my watch list.
Attached Image(s) (click to enlarge)
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  • #13,932
  • Jun 14, 2012 9:06pm Jun 14, 2012 9:06pm
Quoting mypipbull
Random chart here but Nat Gas has been the whipping boy of the energy market for the last 4 years. Today we had a monster up move of about 14%.
I get the feeling that this market may be trying to put in a bottom and there is potential for massive upside. If the $2 mark can hold near term and we get closes above $3 we may be on the way up. We could be buying dips for years, maybe long term options would be a go? Never traded options in my life.
Early days but this chart is on my watch list.
Wow. To bad I don't trade these babies. I think I am going to need an account. You don't get much smoother pa then that. And yes, just a quick glance at that chart says 3$(ish) needs beat. Once that happens... well, enjoy the ride

Disclaimer: Extremly exhausted, and didn't zoom in on chart. Hence the 'ish. You know what I mean though
  • #13,933
  • Jun 14, 2012 11:39pm Jun 14, 2012 11:39pm
Full disclosure:

For some of my clients, I do analysis work on the natural gas markets.

I think the pop is nice, and in fact this it could be important. However, this was based upon a less-than-expected add to storage today. The reality is that natural gas has a long way to go in order to be a buy. The US alone has over 14 trillion cubic feet of useable nat gas in the ground. Canada isn't too awfully far behind.

However, what really matters is the price action. You are correct, I have been telling clients that The $3 level is absolutely crucial. In fact, I believe this area is a thick zone, and extends to roughly $3.20 or so. On a daily close above that area - I would be convinced.

I do think the move higher has a couple of days in it still though. That kind of knee-jerk reaction normally has follow through.


Chris
  • #13,934
  • Jun 15, 2012 12:54am Jun 15, 2012 12:54am
Quoting clockwork71
Full disclosure:

However, what really matters is the price action. You are correct, I have been telling clients that The $3 level is absolutely crucial. In fact, I believe this area is a thick zone, and extends to roughly $3.20 or so. On a daily close above that area - I would be convinced.
Agree common sense dictates we NOT buy this too early because that is the mother of all down trends. All the same that's why its on my radar.
PA is king and that will tell us when we are good to go. Also agree its $3ish (always 'ish'). Look forward to seeing the new COT numbers (released today) in this market and see if we have had a sharp shift in position holding across the important groups. That would be very very encouraging.
Have a great weekend and all eyes on the vote Sunday......
  • #13,935
  • Jun 15, 2012 1:14am Jun 15, 2012 1:14am
Quoting dolphin
move SL to @1.26000
So your [email protected] is fast approaching
  • #13,936
  • Jun 15, 2012 2:34pm Jun 15, 2012 2:34pm
Quoting mypipbull
So your [email protected] is fast approaching
it hit my SL at 1.26000
nice trade

but recently it touch TP2 @1.2650
  • #13,937
  • Jun 16, 2012 3:42pm Jun 16, 2012 3:42pm
Congrats on beating the winner of your group 4-1 Russia......How did you blow it?
  • #13,938
  • Jun 17, 2012 6:34am Jun 17, 2012 6:34am
Hi Stu ,you watching silver ,seems so happy to stay closed in this zone ,anyway when it close s outside zone I think your see direction ,to me it seems mighty bearish still ,tricky ,all candles bodies are black as note
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,939
  • Jun 17, 2012 6:58am Jun 17, 2012 6:58am
with regard to gold .I am out but waiting for longer term trade down ,especially with news this weekend ,I'm taking no chance ,but chart to me is very clear ,only price breaking up out of pattern would change my mind ,

overall I haven't played well at all to date
Attached Image (click to enlarge)
Click to Enlarge Name: gold monthly outlook 17-6-12.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #13,940
  • Jun 17, 2012 7:06am Jun 17, 2012 7:06am
Quoting Bones
Hi Stu ,you watching silver ,seems so happy to stay closed in this zone ,anyway when it close s outside zone I think your see direction ,to me it seems mighty bearish still ,tricky ,all candles bodies are black as note
Two levels mean everything in silver: $30 and $27. Everything in between those levels is simply noise.
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