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Silent Service Method

  • #14,441
  • Aug 22, 2012 1:17pm Aug 22, 2012 1:17pm
Quoting stewrigh
Pop goes the weasel these markets are nuts
Did I pick that up right? More 'rumors' of easing?!? LOL... It just never ends.

These guys have rumored the markets into a zero cost version of easing. hahaha.
  • #14,442
  • Aug 22, 2012 2:46pm Aug 22, 2012 2:46pm
Quoting C-12
Appologies for the lame chart. I'm at work so can only access IG and MS paint.

I've set SMS alerts close to these levels. The upper level is a nice clean supply level if it makes it there.. also a prior flip.
Well it made it up there and hit the level cleanly. Let's see if it holds. Must have been a bloodbath out there tonight for some.
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  • #14,443
  • Aug 22, 2012 2:55pm Aug 22, 2012 2:55pm
Quoting stewrigh
Pop goes the weasel these markets are nuts
That's because markets are made up of people...
  • #14,444
  • Edited 7:32pm Aug 22, 2012 7:10pm | Edited 7:32pm
Quoting stewrigh
Anyone interested in Orange juice? - breakout?

Attachment
Yep, COT is heavily loaded for upside moved here, unfortunately this is an expensive market for me. Would prefer to have 2 positions but might prove to be a bit too expensive.
Will look into it again. A break and hold over 130 and its up we go imho
  • #14,445
  • Aug 22, 2012 7:38pm Aug 22, 2012 7:38pm
Quoting stewrigh
Needless to say I'm looking at short if I see the PA I want(a break below the ltl might get me interested). Just wish the SNB would butt out.
There is no reason to fight the SNB......I figure I will just follow them. Also, the Pound broke the hell out today in a big way against the USD.....
  • #14,446
  • Aug 22, 2012 8:21pm Aug 22, 2012 8:21pm
EURUSD GBPUSD

The Bulls are out so watchout!

For EURUSD 1.27 is the next hurdle, after that 1.3 is on the card. Buy the dip is my trade plan, would be nice to buy at 1.24 but my position is already had a breakeven SL

For GBPUSD 1.6 is very possible following this D1 Chart's close.

LONG Bias here
  • #14,447
  • Aug 22, 2012 9:36pm Aug 22, 2012 9:36pm
Quoting Benjnia-fx
EURUSD GBPUSD

The Bulls are out so watchout!

For EURUSD 1.27 is the next hurdle, after that 1.3 is on the card. Buy the dip is my trade plan, would be nice to buy at 1.24 but my position is already had a breakeven SL

For GBPUSD 1.6 is very possible following this D1 Chart's close.

LONG Bias here
I agree w/ the GBP/USD opinion, mainly because it is already known that the Bank of England isn't looking to ease anytime soon, but the Fed very well may have to. The break of 1.58 actually has me looking for 1.63 based upon the triangle breakout. However, with the EUR/USD - I see far too many potential problems. It could work out, but I think there are easier trades.
  • #14,448
  • Edited 1:50am Aug 23, 2012 1:33am | Edited 1:50am
What happened to the descending triangle? Where's Tony when you need him lol.

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  • #14,449
  • Aug 23, 2012 2:21am Aug 23, 2012 2:21am
Quoting stewrigh
What happened to the descending triangle? Where's Tony when you need him lol.

Attachment
Not sure I'd be buying gold right now.. Although the weekly chart of the EURUSD shows a good chance of 1.32
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  • #14,450
  • Aug 23, 2012 2:24am Aug 23, 2012 2:24am
So the Dow is up, there is no inflation, EZ is fixed - ain't everything just dandy.

Think I'll go and buy a shedload of Greek bonds and US treasuries.
  • #14,451
  • Aug 23, 2012 2:27am Aug 23, 2012 2:27am
Quoting C-12
Not sure I'd be buying gold right now.. Although the weekly chart of the EURUSD shows a good chance of 1.32
Gold is gonna be tier 1 asset soon.

IMHO gold will hit 2000+ and silver 50+.
  • #14,452
  • Aug 23, 2012 2:37am Aug 23, 2012 2:37am
Quoting stewrigh
Another divergence play I'm watching but not sure about the fundies. I like the look of the GBPCHF too but I'm already in the franc.

Attachment
Divergence - don't ya just love it.

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  • #14,453
  • Aug 23, 2012 3:04am Aug 23, 2012 3:04am
Quoting stewrigh
I've been in since 250 and I think this'll be a runner - divergence works nearly every time lol
....yeah 50% of the time every time!
  • #14,454
  • Aug 23, 2012 3:10am Aug 23, 2012 3:10am
Quoting stewrigh
Gold is gonna be tier 1 asset soon.

IMHO gold will hit 2000+ and silver 50+.
I certainly hope so. I own a fair amount of physical.
  • #14,455
  • Aug 23, 2012 3:13am Aug 23, 2012 3:13am
Quoting C-12
Not sure I'd be buying gold right now.. Although the weekly chart of the EURUSD shows a good chance of 1.32
True, I would not buy now either but that's only because I got Long over two weeks ago.

I would say buying dips from now on is the best play on Gold.

There are always going to be hurdles in front of price but I would not be selling a rally in gold and expect a lot of downside action.
  • #14,456
  • Aug 23, 2012 3:19am Aug 23, 2012 3:19am
Quoting C-12
I certainly hope so. I own a fair amount of physical.
You'll like this then.

Inserted Video
  • #14,457
  • Aug 23, 2012 5:15am Aug 23, 2012 5:15am
Quoting mypipbull
I got taken in short last night on the AUD/CHF.
Hey MP - you still in this? - looking good.
  • #14,458
  • Aug 23, 2012 7:34am Aug 23, 2012 7:34am
Now I'm getting interested

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  • #14,459
  • Aug 23, 2012 8:24am Aug 23, 2012 8:24am
Quoting stewrigh
Hey MP - you still in this? - looking good.
Yep, sell and hold for a while. I'm also short USD/CHF....that ones well underway....
  • #14,460
  • Aug 23, 2012 8:34am Aug 23, 2012 8:34am
The other thing I like is confluence and a lot of things are coming together at the 95 level. Still not sure about the fundies tho especially given the correlation with the Aussie(which I'm currently short).

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