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Silent Service Method

  • #14,521
  • Aug 30, 2012 11:27pm Aug 30, 2012 11:27pm
I am buying USDCAD, SL would be below .98 level
  • #14,522
  • Aug 30, 2012 11:35pm Aug 30, 2012 11:35pm
Quoting Hugh Briss
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.

Don't think it really matters where you draw them, to me they are just zones anyway.

I draw trendlines but don't trade off them - What I am looking for on the GBPCHF is a clear break - If I get one I'll look for PA to go short - if I don't I'll stay on the sidelines.
  • #14,523
  • Aug 30, 2012 11:40pm Aug 30, 2012 11:40pm
Quoting Benjnia-fx
I am buying USDCAD, SL would be below .98 level
You do realise that if the Bernank announces QE3 today the dollar will likely tank, don't you.

Not suggesting he will and I actually don't think he will, but he might hint at it.

On the other hand he might rule it out completely - then you'll be ok.

Think I'd rather let the dust settle before I enter, especially on a Friday.
  • #14,524
  • Aug 30, 2012 11:52pm Aug 30, 2012 11:52pm
Quoting stewrigh
You do realise that if the Bernank announces QE3 today the dollar will likely tank, don't you.

Not suggesting he will and I actually don't think he will, but he might hint at it.
Couldn't agree more. Rest assured that, SL is set, Risk was Assesed, and will not blow my account if the trade will go against me

Wait and see mode.

Thanks again, back to work...
  • #14,525
  • Aug 31, 2012 12:27am Aug 31, 2012 12:27am
Quoting Benjnia-fx
I am buying USDCAD, SL would be below .98 level
Do you mind if I ask why you went long here?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 90 KB
  • #14,526
  • Aug 31, 2012 12:30am Aug 31, 2012 12:30am
Quoting Benjnia-fx
Couldn't agree more. Rest assured that, SL is set, Risk was Assesed, and will not blow my account if the trade will go against me

Wait and see mode.

Thanks again, back to work...
Fair enough....would you care to elaborate why?
  • #14,527
  • Aug 31, 2012 12:30am Aug 31, 2012 12:30am
Quoting Benjnia-fx
Couldn't agree more. Rest assured that, SL is set, Risk was Assesed, and will not blow my account if the trade will go against me

Wait and see mode.

Thanks again, back to work...

Looking at this trade it looks like a potential loss of + 100 and a possible gain of abt 20-30.
  • #14,528
  • Aug 31, 2012 12:31am Aug 31, 2012 12:31am
Quoting stewrigh
Do you mind if I ask why you went long here?

Attachment
great minds....
  • #14,529
  • Aug 31, 2012 12:37am Aug 31, 2012 12:37am
Talking of trendlines this is one I like the look of ATM

Attached Image (click to enlarge)
Click to Enlarge Name: eurtry.jpg Size: 115 KB
  • #14,530
  • Aug 31, 2012 12:42am Aug 31, 2012 12:42am
Quoting mypipbull
great minds....
Yep the RR sucks just wondered what the trigger was?
  • #14,531
  • Aug 31, 2012 5:58am Aug 31, 2012 5:58am
Quoting Benjnia-fx
I am buying USDCAD, SL would be below .98 level
Hmmm

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 117 KB
  • #14,532
  • Aug 31, 2012 6:00am Aug 31, 2012 6:00am
Benjnia-fx, if you fancy taking any more trades today let me know, I'll take the other side of them.
  • #14,533
  • Aug 31, 2012 7:38pm Aug 31, 2012 7:38pm
Quoting stewrigh
Hmmm

Attachment
Play nice now kids.....

It's great to be on the right side of moves like that.
Gold was a beautiful thing last night......
  • #14,534
  • Aug 31, 2012 10:44pm Aug 31, 2012 10:44pm
To be honest, I am still watching the USD/CAD pair......98 is crucial.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadWEEK.jpg Size: 88 KB
  • #14,535
  • Sep 1, 2012 2:43am Sep 1, 2012 2:43am
Quoting clockwork71
To be honest, I am still watching the USD/CAD pair......98 is crucial.
Hi chris soo nice to see u were the last poster good thread al be checking on the usd/cad
finally fx is looking tradable
thankyou gregwilson
  • #14,536
  • Sep 1, 2012 4:47am Sep 1, 2012 4:47am
More bad news from OZ - my AUDCHF trade should still have some legs.

http://www.theage.com.au/business/wa...829-2510q.html
  • #14,537
  • Sep 1, 2012 5:00am Sep 1, 2012 5:00am
Yeah.....all of the sudden, this is becoming a bigger story. John Maulden is starting to talk about this as well - this exact story was the focus of his latest newsletter.
  • #14,538
  • Sep 1, 2012 9:42am Sep 1, 2012 9:42am
I still like the look of this chart but I'm short the Aussie so I'm not sure abt going long Kiwi

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.jpg Size: 125 KB
  • #14,539
  • Sep 1, 2012 10:55am Sep 1, 2012 10:55am
Quoting stewrigh
I still like the look of this chart but I'm short the Aussie so I'm not sure abt going long Kiwi

Attachment
To be honest, the Pound looks good overall. Might be enough to keep me away as well......
  • #14,540
  • Sep 2, 2012 2:06am Sep 2, 2012 2:06am
Don't know where the Euro's getting it's strength from but it must end soon - mustn't it???

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.jpg Size: 101 KB
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