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Silent Service Method

  • #14,101
  • Jul 2, 2012 1:52pm Jul 2, 2012 1:52pm
GBPJPY still interesting

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  • #14,102
  • Jul 2, 2012 11:39pm Jul 2, 2012 11:39pm
Quoting stewrigh
GBPJPY still interesting

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Yes, this is one of the pairs on my radar at the moment......
  • #14,103
  • Jul 2, 2012 11:40pm Jul 2, 2012 11:40pm
Quoting stewrigh
When oil was at 110 I read an article from an oil site predicting oil at 40 over the summer - at the time I thought the guy was crazy - now I'm not so sure.

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One could only hope I suppose. Of course, it would be from bad situations.....so maybe not.
  • #14,104
  • Edited 10:43am Jul 3, 2012 7:49am | Edited 10:43am
Whats everyone's views on holding or not holding positions over the weekend ?.

If you do keep positions open, what criteria is needed ? How far "in front" would you need to be, whats your plan if the shit hits the fan etc..

If you close postion/s before the weekend do you re-open in the Asian session Monday ? etc etc...


Thanks.........Ja
Memories caught in time but never forgotten
  • #14,105
  • Jul 3, 2012 7:56am Jul 3, 2012 7:56am
Quoting j4d
Whats everyone's views on holding or not holding positions over the weekend ?.

If you do keep positions open, what criteria needs to met ? How far "in front" would you need to be, whats your plan if the shit hits the fan etc..

If you close postion/s before the weekend do you re-open in the Asian session Monday ? etc etc...


Thanks.........Ja
I hold positions until I hit a s/l or t/p target. I don't pay attention to the weekends unless there is something specific going on, and then I normally don't pay attention to them anyway.
  • #14,106
  • Jul 3, 2012 10:02am Jul 3, 2012 10:02am
New blog post...
  • #14,107
  • Jul 3, 2012 10:51am Jul 3, 2012 10:51am
Quoting clockwork71
I hold positions until I hit a s/l or t/p target. I don't pay attention to the weekends unless there is something specific going on, and then I normally don't pay attention to them anyway.
Thanks for your reply Chris,
Memories caught in time but never forgotten
  • #14,108
  • Jul 3, 2012 1:09pm Jul 3, 2012 1:09pm
Quoting o990l6mh
It's always interesting when analysis differs greatly.

My view:

1. Spinning top - monthly - a fairly bearish one imho
2. Lower trend line. - well, the way I would draw it caused it to be broken by last weeks bear candle and this week is the retest
3. Support at 26. - Yes, true but my reading suggests that this support is on the verge of being broken now with price finally closing into the 26-27 zone
4. 61 fib at 25. - Well, I saw a black cat yesterday Not sure which is less meaningful in chart analysis... (as always imho)
5. Descending triangle...
Quoting stewrigh
D'ya mean this sort of desc triangle lol.

http://babypips.cachefly.net/school/...ngle-after.png
In this case, the price ended up breaking above the top of the triangle. After the upside breakout, it proceeded to surge higher, by around the same vertical distance as the height of the triangle.
Placing an entry order above the top of the triangle and going for a target as high as the height of the formation would've yielded nice profits.

Think we might have a base now

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  • #14,109
  • Jul 3, 2012 10:00pm Jul 3, 2012 10:00pm
Although I agree that the silver markets have shown a bit of strength lately, I am still hesitant to go long of it - mainly because of the 29 - 30 USD level as I have marked on this chart. If we get a daily close above 30, that would make me more comfortable buying I think.

Also, there is the Non Farm Payroll number this week. If it is good - there will be speculation that the Fed won't ease, and this could crush silver and gold. If it is bad, then people will expect the next round of easing, and gold and silver will skyrocket. I still prefer gold - much more liquid market, and isn't as sensitive to industrial demand as silver can be.
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  • #14,110
  • Jul 5, 2012 2:11pm Jul 5, 2012 2:11pm
Its quiet...... I reckon the heatwave in the US is driving everyone bananas..

http://images.nationalgeographic.com...81_990x742.jpg
Memories caught in time but never forgotten
  • #14,111
  • Jul 5, 2012 2:33pm Jul 5, 2012 2:33pm
Quoting j4d
Its quiet...... I reckon the heatwave in the US is driving everyone bananas..

http://images.nationalgeographic.com...81_990x742.jpg
It's fucking hot.....
  • #14,112
  • Jul 5, 2012 2:33pm Jul 5, 2012 2:33pm
Here's an interesting chart:

Light Sweet Crude......
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  • #14,113
  • Jul 5, 2012 2:50pm Jul 5, 2012 2:50pm
Quoting clockwork71
It's fucking hot.....
The UK will officially offer some "US easing" in exchange for some sunshine.....

Brent is starting to look interesting.
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Memories caught in time but never forgotten
  • #14,114
  • Jul 5, 2012 2:59pm Jul 5, 2012 2:59pm
Quoting j4d
Its quiet...... I reckon the heatwave in the US is driving everyone bananas..
Yep - It's a drought - look at a Wheat chart.
  • #14,115
  • Jul 5, 2012 3:20pm Jul 5, 2012 3:20pm
Quoting clockwork71
Here's an interesting chart:

Light Sweet Crude......
Very nice. That pattern is one that fakes me out a lot. I see the close above a recent high and think... ohhh longs!! Only to get swept up
  • #14,116
  • Jul 5, 2012 3:43pm Jul 5, 2012 3:43pm
Quoting stewrigh
Yep - It's a drought - look at a Wheat chart.
Memories caught in time but never forgotten
  • #14,117
  • Jul 5, 2012 8:06pm Jul 5, 2012 8:06pm
Quoting stewrigh
Yep - It's a drought - look at a Wheat chart.
Yep, and Corn and Soybeans and and and.....

Just closed a Long Sugar trade for nice profit......it really is a weather driven commodities market atm.
  • #14,118
  • Jul 5, 2012 8:17pm Jul 5, 2012 8:17pm
Quoting Venice
Very nice. That pattern is one that fakes me out a lot. I see the close above a recent high and think... ohhh longs!! Only to get swept up
Call me crazy but I am Long Heating Oil (correlated to Crude) currently in profit and although I see resistance in front of me, fundamentally on the COT front at least this market (similar to Crude) could go higher if the bottom is in fact in.......flip side is I can see this as a sell the rallies move as well.....
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  • #14,119
  • Jul 5, 2012 8:28pm Jul 5, 2012 8:28pm
Quoting j4d
The UK will officially offer some "US easing" in exchange for some sunshine.....
How does all sun, no clouds, and 42C sound? Oh, and then the 90% humidity....

In 1994, during the World Cup, it was fun to watch the Europeans wilt in the sun......especially the Irish......oh the poor Irish.
  • #14,120
  • Jul 5, 2012 8:31pm Jul 5, 2012 8:31pm
Quoting mypipbull
Yep, and Corn and Soybeans and and and.....

Just closed a Long Sugar trade for nice profit......it really is a weather driven commodities market atm.
The wheat and corn markets offer a lot of possibilities at the moment. I believe the Brazilian crop and the Russian one (wheat) is falling apart as well????

The corn crop, something that is a big deal here in Ohio - as well as Hondas - is still surviving. However, we are approaching very precarious levels of disintegration at the moment.

In situations like this - commodities are a great market to be in. It's basically a matter of when you buy. There is no "sell".
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