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Silent Service Method

  • #14,221
  • Edited 12:38pm Jul 20, 2012 6:04am | Edited 12:38pm
Quoting mypipbull
In my best drunken English football fan voice "Here we go, 'ear we go, 'ear we go........"
Apologies beforehand for this useless piece of information but seems as we deviated on-to UK football songs here's one I heard last season....This was invented by visiting football supporters to Norwich City Football Club,

Obviously you must recognise that the typical UK football supporter is of a high intelligence.......

( To the tune of The Addams Family )

Your sister is your mother
Your uncle is your brother
You all f@*k one another
The Norwich family
der der der der clap clap etc

Obviously apologies if this offends anyone........
Memories caught in time but never forgotten
  • #14,222
  • Jul 21, 2012 3:54am Jul 21, 2012 3:54am
Quoting j4d
Apologies beforehand for this useless piece of information but seems as we deviated on-to UK football songs here's one I heard last season....This was invented by visiting football supporters to Norwich City Football Club,

Obviously you must recognise that the typical UK football supporter is of a high intelligence.......

( To the tune of The Addams Family )

Your sister is your mother
Your uncle is your brother
You all f@*k one another
The Norwich family
der der der der clap clap etc

Obviously apologies if this offends anyone........
Not so useless....its funny...my mate is from Birmingham and that's what the sing to the Aston Villa fans (The Vile), well they did until the got relegated....hahaha....its one of those 'insert opposition name here' songs......brilliant and always worth a laugh
  • #14,223
  • Jul 21, 2012 4:02am Jul 21, 2012 4:02am
Quoting Hugh Briss
There's probably a good reason for it but why do you not use pending orders to buy the breakouts? For my Donchian channel trading I wait for the close of the candle to be above the channel top and it works fine but pending orders are profitable too, at least in my testing.
I actually do use pending orders and in reality there were a couple of bars I could have entered on but I felt the moves were too vertical and preferred to sit on the side. No shame in that.

I still feel the RRR is questionable on getting long these markets now imho (depending on your trading style). I am just going to wait for the down side action.
  • #14,224
  • Jul 21, 2012 4:06am Jul 21, 2012 4:06am
Quoting clockwork71
The corn crop is screwed at this point I think. My stepfather lives in the middle of nowhere, and he tells me that the local crops are in trouble. They are producing ears of corn about half of the normal size.......and Ohio has been hot, but not as hot and dry as some of the larger corn producing states......

One thing to pay attention to: ethanol. If they cut production, this would put a lot of corn back into the market.
mmmm interesting point and something to think about.......these markets are going to fall at some stage......nothing goes up for ever.
  • #14,225
  • Jul 21, 2012 9:30am Jul 21, 2012 9:30am
New blog post.
  • #14,226
  • Jul 22, 2012 11:41pm Jul 22, 2012 11:41pm
Ok, so many of you know I am a big football/voetbal/calcio/soccer fan. However, most of you aren't necessarily well versed in the MLS here in America. Probably the best way to describe it is probably being on par with the Eridivise out of Holland. Good, solid, but not necessarily top notch, and all of the best players get taken from other sides.

However, the local side for me is Columbus Crew. The best way to describe our club is along the lines of an Everton. Yes, granted.....they are in the top flight, and have won a few pieces of hardware - but nobody really respects them.

So when it comes time for the late summer international friendlies....we almost always get the low hanging fruit while the big clubs like Chelsea and Real Madrid go to shitboxes like Washington DC and those queens in L.A.

Some of the teams in the past that we have hosted:

 

  1. Hamburg SV
  2. Newcastle
  3. Leeds United
  4. Universidad de Chile
  5. US under 21 Olympic team. (Really????)


So who do we get this year? I couldn't make this up if I tried - Stoke City!

Tomorrow night - not too late for you traveling Stoke fans......you can crash on my couch.



PS - As a side note, our owner until a couple years ago was Lamar Hunt (he has passed away)......Google him, he and his brother are the two who almost cornered the world's silver supply in the 70s. Nice guy, met him a few times.

  • #14,227
  • Jul 23, 2012 3:15am Jul 23, 2012 3:15am
Quoting clockwork71

So who do we get this year? I couldn't make this up if I tried - Stoke City!

Tomorrow night - not too late for you travelling Stoke fans......you can crash on my couch.

........ When I read this this morning I laughed so loud one of kids came into the office to see if I was ok...

Chris, on the positive side, Stoke are becoming an established Premier side.They have been buying some reasonably expensive players the last few years, but agreed there not in the Top draw yet....

What sort of crowd attendance do you get at Columbus Crew ?.
Memories caught in time but never forgotten
  • #14,228
  • Jul 23, 2012 5:01am Jul 23, 2012 5:01am
Quoting clockwork71
Ok, so many of you know I am a big football/voetbal/calcio/soccer fan. However, most of you aren't necessarily well versed in the MLS here in America. Probably the best way to describe it is probably being on par with the Eridivise out of Holland. Good, solid, but not necessarily top notch, and all of the best players get taken from other sides.

However, the local side for me is Columbus Crew. The best way to describe our club is along the lines of an Everton. Yes, granted.....they are in the top flight, and have won a few pieces of hardware...
This reminds me of one time in my childhood when a team near where I lived got to play a pre season friendly against Everton FC. That was in the days when Swedish player Anders Limpar was at his peak and he played in Everton back then.

The local team wasn't really on the same level, but still got away with a 0-2 loss which wasn't bad considering.
  • #14,229
  • Jul 23, 2012 7:50am Jul 23, 2012 7:50am
Quoting j4d
........ When I read this this morning I laughed so loud one of kids came into the office to see if I was ok...

Chris, on the positive side, Stoke are becoming an established Premier side.They have been buying some reasonably expensive players the last few years, but agreed there not in the Top draw yet....

What sort of crowd attendance do you get at Columbus Crew ?.
Depends on the match really.....but we normally have about 15,000.

To put it in perspective, the local college American Football team, Ohio State University Buckeyes sell out every match at 105,000.

When Leeds came over, the Crew were still paying in Ohio Stadium (this is the college football stadium) and the fans from there said it was much bigger than Wembley.....
  • #14,230
  • Jul 23, 2012 7:52am Jul 23, 2012 7:52am
Euro selling continues, and yet I am still getting emails asking why I am so bearish on the Euro. It normally comes down to "well America has a ton of debt", which is true. But what's more important? Numbers? Or what the market is focusing on?

Enough said I suppose.
  • #14,231
  • Jul 23, 2012 8:06am Jul 23, 2012 8:06am
Quoting clockwork71
Euro selling continues, and yet I am still getting emails asking why I am so bearish on the Euro. It normally comes down to "well America has a ton of debt", which is true. But what's more important? Numbers? Or what the market is focusing on?

Enough said I suppose.
Strong rumors saying IMF will not be paying out the next installment to Greece makes it somewhat difficult not be be bearish on the euro...

But hey, let's pick a bottom and blow our accounts
  • #14,232
  • Jul 23, 2012 8:26am Jul 23, 2012 8:26am
Quoting clockwork71
Euro selling continues, and yet I am still getting emails asking why I am so bearish on the Euro. It normally comes down to "well America has a ton of debt", which is true. But what's more important? Numbers? Or what the market is focusing on?

Enough said I suppose.
Yep. Last week was a retrace simple as that. The daily chart barely even flinched. Trend is king in this world, no reason to fight it .

However, we are currently sliding into daily demand/weekly demand. So if buying is what you want to do, an opportunity may be coming up for the next week or so. Expected favor is that we are going to most likely range for a while then more distribution.
  • #14,233
  • Jul 23, 2012 8:31am Jul 23, 2012 8:31am
Quoting Venice
Yep. Last week was a retrace simple as that. The daily chart barely even flinched. Trend is king in this world, no reason to fight it .

However, we are currently sliding into daily demand/weekly demand. So if buying is what you want to do, an opportunity may be coming up for the next week or so. Expected favor is that we are going to most likely range for a while then more distribution.
Americas time will come tho aka the fiscal cliff. - but for now sell the yoorow lol
  • #14,234
  • Jul 23, 2012 12:51pm Jul 23, 2012 12:51pm
Quoting clockwork71
Euro selling continues, and yet I am still getting emails asking why I am so bearish on the Euro. It normally comes down to "well America has a ton of debt", which is true. But what's more important? Numbers? Or what the market is focusing on?

Enough said I suppose.
If you get asked again Chris, you might like to send them this link on why the dollar is strong.

http://www.oftwominds.com/blog.html
  • #14,235
  • Edited 1:06pm Jul 23, 2012 12:54pm | Edited 1:06pm
The only thing that gets me. Is that everyone and their grandma thinks we should be short the euro. The big boys generally step in when sentiment is like this and just run everyone over. Do they just not have the power to do it now? I hardly doubt it... but still.

I find this interesting:

http://nowandfutures.com/images/cot/ED.png Large speculators...?
  • #14,236
  • Edited 1:29pm Jul 23, 2012 1:09pm | Edited 1:29pm
Quoting Venice
The only thing that gets me. Is that everyone and their grandma thinks we should be short the euro. The big boys generally step in when sentiment is like this and just run everyone over. Do they just not have the power to do it now? I hardly doubt it... but still.

I find this inLarge speculators...?
Yep I always get nervous when everyone(including me) thinks the same
  • #14,237
  • Jul 23, 2012 1:21pm Jul 23, 2012 1:21pm
Quoting stewrigh
Yep I always get nervous when everyone(including me) thinks the same
Maybe not so nervous............

http://news.goldseek.com/GoldSeek/1343053200.php
  • #14,238
  • Jul 23, 2012 7:39pm Jul 23, 2012 7:39pm
Quoting Venice
The only thing that gets me. Is that everyone and their grandma thinks we should be short the euro. The big boys generally step in when sentiment is like this and just run everyone over. Do they just not have the power to do it now? I hardly doubt it... but still.

I find this interesting:

Large speculators...?
I think that they had been doing that over and over at the 1.30 level as well. There comes a point in time where even sovereign funds will throw in the towel. Also, we are still early in the European mess.......as odd as that is to say. Remember is was just today that the ratings agencies finally suggested Germany could be in trouble. That's what this whole things has been - a simple denial. This is why we are still dicking around with it.
  • #14,239
  • Jul 23, 2012 7:40pm Jul 23, 2012 7:40pm
Quoting Venice
The only thing that gets me. Is that everyone and their grandma thinks we should be short the euro. The big boys generally step in when sentiment is like this and just run everyone over. Do they just not have the power to do it now? I hardly doubt it... but still.

I find this interesting:
I totally agree with your comments about the 'Big Boys' sentiment however was a bit confused by the COT chart you posted. I'm sure you are aware that the chart shown is of the Eurodollar which has nothing to do with the Euro currency itself?

Anyway, at some stage the Large Spec positions MUST be closed out and this leads to either a reversal or just prolonged choppy action.

Personally I am not interested in buying the EUR even when/if it turns starts to turn. I have my eye on the CHF. As the futures positioning in this currency is very bullish by the Commercials and very bearish by the Large Specs.

If you wanted to buy an undervalued currency would you choose the EUR or the CHF? It's a no brainer for me even though the SNB is actively working against it.

Also, if s#$t hits the fan in the markets I do not think the gnomes could stop a global safety assault on their currency.
Attached Image (click to enlarge)
Click to Enlarge Name: SF.png Size: 26 KB
  • #14,240
  • Jul 23, 2012 7:56pm Jul 23, 2012 7:56pm
Doh, I did not realize euro dollar was something completely else. I found a graphic for Euro Fx. A little bit more in line for what we are looking at? It's showing the short ratio at 86%. This makes a lot more sense now.
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