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Silent Service Method

  • #14,501
  • Aug 28, 2012 3:39am Aug 28, 2012 3:39am
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
Nice bounce at 1.24 up up and away!?
  • #14,502
  • Aug 28, 2012 3:43am Aug 28, 2012 3:43am
That descending triangle looks like it might just work out - I do like the swissie lol.


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  • #14,503
  • Aug 28, 2012 3:45am Aug 28, 2012 3:45am
Quoting Benjnia-fx
Nice bounce at 1.24 up up and away!?
problem I have with these two is that I have to buy either the Euro or the pound and they are both basket cases so I won't buy either. I try to just stay away.
  • #14,504
  • Aug 28, 2012 3:51am Aug 28, 2012 3:51am
Quoting stewrigh
problem I have with these two is that I have to buy either the Euro or the pound and they are both basket cases so I won't buy either. I try to just stay away.
Agree on that case.. Some clue is that the EURGBP, seems like flying away too...
  • #14,505
  • Aug 28, 2012 3:51am Aug 28, 2012 3:51am
Did I say I like the Swissie?

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  • #14,506
  • Aug 28, 2012 5:36am Aug 28, 2012 5:36am
Sugar

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  • #14,507
  • Aug 28, 2012 5:59am Aug 28, 2012 5:59am
Just got this in my inbox - Don't you just love it when a plan comes together.

http://blackswantrading.squarespace....0A%20China.pdf
  • #14,508
  • Edited 7:07am Aug 28, 2012 6:54am | Edited 7:07am
Someone once told me not to trade FX cos it was too volatile - there is a market that makes FX look like a pussy cat.

I read something recently about farmers dumping their hogs so they don't have to feed them over the winter(high corn prices) so the price has crashed - but when they finish selling there'll likely be a shortage??.....just a thought.

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  • #14,509
  • Aug 28, 2012 7:33am Aug 28, 2012 7:33am
Quoting stewrigh
Just got this in my inbox - Don't you just love it when a plan comes together.

http://blackswantrading.squarespace....0A%20China.pdf
the majors bhp/rio etc make money at any commodity price allegedly not like others needing iron ore or coal to remain at an elevated price, weve recently had a few capital works being put on hold, but weve known the planned China soft landing for a while (except the idiots in canberra)... but currencies are a relative thing... what happens to euro and US if china goes down aswell, who cops a hit the hardest... it probably is australia though itd be interesting to see what happens to treasuries when that happens..
Grabbing the bull by the horns!
  • #14,510
  • Aug 28, 2012 1:31pm Aug 28, 2012 1:31pm
Quoting stewrigh
Sugar

Attachment


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  • #14,511
  • Aug 28, 2012 2:45pm Aug 28, 2012 2:45pm
Quoting stewrigh
Just got this in my inbox - Don't you just love it when a plan comes together.

http://blackswantrading.squarespace....0A%20China.pdf


Thanks for the share!
  • #14,512
  • Aug 29, 2012 5:50am Aug 29, 2012 5:50am
Quoting clockwork71
Thanks for the share!
No probs - it reminds me of something you said about the markets moving before the news catches up, or something like that.
  • #14,513
  • Aug 29, 2012 2:26pm Aug 29, 2012 2:26pm
Everything is flat - do you think the markets are waiting for something?.

Won't it be a disappointment if the Bernanke doesn't print anymore toilet paper on Friday?
  • #14,514
  • Aug 29, 2012 8:34pm Aug 29, 2012 8:34pm
Closing my longs. Waiting for a new trend to come. We'll see.
  • #14,515
  • Aug 30, 2012 12:09am Aug 30, 2012 12:09am
Quoting stewrigh
Everything is flat - do you think the markets are waiting for something?.

Won't it be a disappointment if the Bernanke doesn't print anymore toilet paper on Friday?
Yeah, but then this is going to happen after he doesn't say much about it: The morons on Wall Street will make up a story about why the Fed will have to print, and the next hopium rally starts.....it wouldn't surprise me at all, as they have found any and every excuse to keep inflating the bubble over the last two years.
  • #14,516
  • Aug 30, 2012 1:38am Aug 30, 2012 1:38am
Talking of toilet paper - I'm still watching this one.

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  • #14,517
  • Aug 30, 2012 2:01am Aug 30, 2012 2:01am
Here's one that has my attention.
I like this fundamentally and the now the PA looks good.

It's been in strong downtrend and price has just closed above a convergence of two resistance lines (trend and horizontal). Also prior to the breakout were two consecutive inside bars.
This could be a significant breakout so I'm waiting to buy a pullback.
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  • #14,518
  • Aug 30, 2012 10:02pm Aug 30, 2012 10:02pm
Quoting mypipbull
Here's one that has my attention.
I like this fundamentally and the now the PA looks good.

It's been in strong downtrend and price has just closed above a convergence of two resistance lines (trend and horizontal). Also prior to the breakout were two consecutive inside bars.
This could be a significant breakout so I'm waiting to buy a pullback.
This is a great "risk on / risk off" pair. It is also a petrocurrency, don't forget that......most people ignore the oil aspect of the Mexican Peso.

Wide spread, but the pip value is much smaller as well........and I agree, that big white candle does look interesting. It also favors a "risk off" environment....which isn't exactly a stretch.
  • #14,519
  • Aug 30, 2012 10:36pm Aug 30, 2012 10:36pm
Quoting stewrigh
Talking of toilet paper - I'm still watching this one.

Attachment
I know we all draw trendlines differently but I had this. I always connect the lows (the wicks) rather than the bodies. It's not a pair I'm trading at the moment anyway as chf is just mirroring eur (for higher spread generally) but it was a great 3rd touch bounce especially when you consider the obvious horizontal level as well.
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  • #14,520
  • Aug 31, 2012 12:01am Aug 31, 2012 12:01am
Quoting clockwork71
It is also a petrocurrency, don't forget that......most people ignore the oil aspect of the Mexican Peso.
Classic, rather than ignoring it was ignorant of it. Thanks I learnt something today! You are right when I overlay crude on usd/mxn it is pretty well inversely correlated.
This is good because I have been long 'oils' for a while and am expecting the run to end soon. More supportive factors.
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