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Silent Service Method

  • #14,481
  • Edited 5:11am Aug 25, 2012 12:42am | Edited 5:11am
Quoting mypipbull
1. Scrooge McDuck
2. Why do you say that about silver?
I think the price of gold and silver(moreso) are manipulated by the banks so their fiat currencies look good. JP Morgan hsve a huge short paper position in silver and rumour has it they are trying to close it.

The silver market is tiny compared to all other markets and the Chinese are starting to buy. When the man on the street starts to buy there won' be enough to go round.

BTW I'm a big conspiracy buff so you maybe ought to take this with a pinch of salt lol

We discuss silver a lot on the debate table thread if ur interested.

Stuff like this vid colours my view as well.

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!
  • #14,482
  • Aug 25, 2012 11:16am Aug 25, 2012 11:16am
happy selling pound but not sure buying Aussie. Nice pb at nice loc tho

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  • #14,483
  • Aug 25, 2012 11:24am Aug 25, 2012 11:24am
Again I'm not sure about this one but we have had good divergence over the last few weeks - might be too late tho.

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  • #14,484
  • Aug 25, 2012 11:32am Aug 25, 2012 11:32am
On my radar - this is what I do when I'm bored

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  • #14,485
  • Aug 25, 2012 12:05pm Aug 25, 2012 12:05pm
Worth considering but stops and spreads are wide.

Ok now I'm done, the boss(aka my good lady wife) just told me I need to get a life, in other words I need to take her out to dinner

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  • #14,486
  • Aug 25, 2012 12:07pm Aug 25, 2012 12:07pm
Quoting stewrigh
Worth considering but stops and spreads are wide.

Ok now I'm done, the boss(aka my good lady wife) just told me I need to get a life, in other words I need to take her out to dinner

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.............................Snap..

Have a good evening.
Memories caught in time but never forgotten
  • #14,487
  • Aug 27, 2012 3:06am Aug 27, 2012 3:06am
Woulda shoulda coulda!!!

Ain't hindsight wonderful - it was so bloody obvious as well

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  • #14,488
  • Aug 27, 2012 3:19am Aug 27, 2012 3:19am
What's it gonna be??.......

I got short at 1.0122.....might take half off the table now....as this would be a good place for a bounce.
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  • #14,489
  • Aug 27, 2012 3:22am Aug 27, 2012 3:22am
Remember this one? - I'm still watching but this could be a 'real' descending triangle. Or to use J16 parlance PBTCB or some such nonsense.

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  • #14,490
  • Aug 27, 2012 3:24am Aug 27, 2012 3:24am
Quoting stewrigh
Woulda shoulda coulda!!!

Ain't hindsight wonderful - it was so bloody obvious as well

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Indeed.
Crude was a bit pricey for me at the time (contract size) so got on board the Heating Oil Bull. I have been long since the 4th July (ironic somehow). Highly correlated those two markets. Man I love buy hold sometimes.....
  • #14,491
  • Aug 27, 2012 3:26am Aug 27, 2012 3:26am
Quoting stewrigh
Or to use J16 parlance PBTCB or some such nonsense.
  • #14,492
  • Aug 27, 2012 3:27am Aug 27, 2012 3:27am
Quoting mypipbull
What's it gonna be??.......

I got short at 1.0122.....might take half off the table now....as this would be a good place for a bounce.
Or you could place your stops around 1002/3 and ride it down
  • #14,493
  • Aug 27, 2012 3:33am Aug 27, 2012 3:33am
Quoting stewrigh
Or you could place your stops around 102/3 and ride it down
What I usually do is wait for a Daily Swing High and move stops to just above that. Today may be printing an outside bar anyway which would make my decision easier. Are you still short?
  • #14,494
  • Aug 27, 2012 3:43am Aug 27, 2012 3:43am
Quoting mypipbull
What I usually do is wait for a Daily Swing High and move stops to just above that. Today may be printing an outside bar anyway which would make my decision easier. Are you still short?
Yep, And I think it has a long way to go - When it pulls back I'll close some and add again higher at least that's the plan - build a bigger position by scaling in.

But.....the best laid plans of mouse and men and all that.

Sounds like we're on the same page I got my stops at 1.002/3 because its just above the last daily high

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  • #14,495
  • Aug 27, 2012 7:58am Aug 27, 2012 7:58am
Quoting stewrigh
....the best laid plans of mouse and men and all that.
Funny, that's the second time in a week I have been quoted that line......unrelated to trading too.....maybe its a sign?
  • #14,496
  • Aug 27, 2012 8:08am Aug 27, 2012 8:08am
Quoting stewrigh
Yep, And I think it has a long way to go - When it pulls back I'll close some and add again higher at least that's the plan - build a bigger position by scaling in.

But.....the best laid plans of mouse and men and all that.

Sounds like we're on the same page I got my stops at 1.002/3 because its just above the last daily high

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This has been a hell of a run if memory serves me correctly.
  • #14,497
  • Aug 27, 2012 9:13am Aug 27, 2012 9:13am
Quoting clockwork71
This has been a hell of a run if memory serves me correctly.
Not so long ......'yet' - I got in on the h4 pb on 16th and I think it's still got legs. My target is 9 maybe even 8 - I'll just ride it as long as I can.

Quoting stewrigh
AUD CHF looks better.

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  • #14,498
  • Aug 27, 2012 9:16pm Aug 27, 2012 9:16pm
Looks like the Aussie is where the pain could be felt if we have a bit of an unwind in the near term.......

Also, it appears that the mineral sector is looking weak. I keep reading little "snippets" about it. This is the kind of story that pops up over and over, until one day - the bottom falls out.

It's just intuition, but I think there is some bad juju out there waiting to be found.....
  • #14,499
  • Aug 27, 2012 11:41pm Aug 27, 2012 11:41pm
Quoting clockwork71
I think there is some bad juju out there waiting to be found.....
Yup, property prices destabilising as well. An extract below from Sydney Morning Herald today:

New home sales plunged in July, ending three months of gains and pointing to more weakness in the real estate sector.
The Housing Industry Association new home sales report showed a 5.6 per cent fall in July, following a rise of 2.8 per cent in June. New home sales were positive in April and May, as well.

It ain't looking pretty.....perhaps Australia will finally experience the recession that they largely missed during the GFC.
  • #14,500
  • Aug 28, 2012 3:28am Aug 28, 2012 3:28am
Looking at stochs and RSI I was expecting a bit of a bounce here but maybe not.

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