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Silent Service Method

  • #14,741
  • Oct 16, 2012 11:43am Oct 16, 2012 11:43am
Personally I wouldn't be bullish quite yet, the Euro is still in pain..
Memories caught in time but never forgotten
  • #14,742
  • Oct 16, 2012 11:47am Oct 16, 2012 11:47am
Quoting j4d
Personally I wouldn't be bullish quite yet, the Euro is still in pain..
That's why I have real trouble trading EU - they're both a pile of ***

It's also why I thought hedging might work
  • #14,743
  • Oct 16, 2012 11:48am Oct 16, 2012 11:48am
To clarify, I haven't been proven wrong yet... but i'm not exactly proven right either, based on where it's setting
  • #14,744
  • Oct 16, 2012 11:53am Oct 16, 2012 11:53am
Venice it may well do, problem is it could easily tank. So, for me I'll be leaving it until it has a pure bias..
Memories caught in time but never forgotten
  • #14,745
  • Oct 16, 2012 7:39pm Oct 16, 2012 7:39pm
Quoting stewrigh
Did I say the markets were going sideways? - Anyone trading the Swissie lol
Still short the AUD/CHF
  • #14,746
  • Oct 16, 2012 9:39pm Oct 16, 2012 9:39pm
Quoting mypipbull
Still short the AUD/CHF
yeah if it wasn't for the bloody swap cost so would I be GL.
  • #14,747
  • Oct 16, 2012 10:00pm Oct 16, 2012 10:00pm
Quoting stewrigh
yeah if it wasn't for the bloody swap cost so would I be GL.
The cost of doing business I guess......
At least the RBA cut rates the other day....helps a little
  • #14,748
  • Oct 16, 2012 10:34pm Oct 16, 2012 10:34pm
I posted this chart awhile ago - descending triangle played out(at last).

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.jpg Size: 117 KB
  • #14,749
  • Oct 16, 2012 10:35pm Oct 16, 2012 10:35pm
Quoting stewrigh
I posted this chart awhile ago - descending triangle played out(at last).

Attachment

Looks like it is finding support now, but was certainly a good set up. I'm telling you, it seems all the good ones are in the minor pairs these days.....
  • #14,750
  • Oct 16, 2012 10:36pm Oct 16, 2012 10:36pm
Quoting stewrigh
Good reminder MP - I just get frustated watching the markets go sideways for weeks and it's more about following trades I'm already in rather than looking to enter.

You're right about commodities too - crude oil is good.
Gold and Silver are to be watched - always.
  • #14,751
  • Oct 16, 2012 10:53pm Oct 16, 2012 10:53pm
Quoting clockwork71
Looks like it is finding support now, but was certainly a good set up. I'm telling you, it seems all the good ones are in the minor pairs these days.....
I think this one has a lot of potential and the swap is nowhere near as bad as the Audchf.
  • #14,752
  • Oct 16, 2012 11:08pm Oct 16, 2012 11:08pm
Quoting clockwork71
Gold and Silver are to be watched - always.
Agree, I am actually looking to sell a rally in these now, I think the uptrend is broken. I like the price structure (LL and LH) as well as the trend line break.
Platinum could also be in for a significant drop soon.
This is also why I am $ Bullish...
  • #14,753
  • Oct 16, 2012 11:17pm Oct 16, 2012 11:17pm
Quoting clockwork71
Gold and Silver are to be watched - always.
Absolutely, but I don't think of them as commodities - even my broker has them in the currencies tab.
  • #14,754
  • Oct 16, 2012 11:19pm Oct 16, 2012 11:19pm
Quoting mypipbull
Agree, I am actually looking to sell a rally in these now, I think the uptrend is broken. I like the price structure (LL and LH) as well as the trend line break.
Platinum could also be in for a significant drop soon.
This is also why I am $ Bullish...

With PM's I only have one strategy - buy the dips lol.
  • #14,755
  • Oct 16, 2012 11:32pm Oct 16, 2012 11:32pm
Quoting stewrigh
I posted this chart awhile ago - descending triangle played out(at last).

Attachment
Either - more sideways action or a bounce maybe.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF.jpg Size: 125 KB
  • #14,756
  • Oct 16, 2012 11:41pm Oct 16, 2012 11:41pm
Quoting stewrigh
With PM's I only have one strategy - buy the dips lol.
Understandable, my bias is not a long term play that's for sure......it's just there is an opportunity ATM IMO
  • #14,757
  • Oct 17, 2012 12:21am Oct 17, 2012 12:21am
Quoting mypipbull
Understandable, my bias is not a long term play that's for sure......it's just there is an opportunity ATM IMO
Yep I know I'm biased.

http://kingworldnews.com/kingworldne...s_Advance.html
  • #14,758
  • Oct 17, 2012 1:15am Oct 17, 2012 1:15am
Quoting stewrigh
Yep I know I'm biased.

http://kingworldnews.com/kingworldne...s_Advance.html
Yes I am well aware of your bias you crazy gold bug you......
I'm starting to sound like Bones!!......
  • #14,759
  • Oct 17, 2012 8:06am Oct 17, 2012 8:06am
Quoting mypipbull
Yes I am well aware of your bias you crazy gold bug you......
I'm starting to sound like Bones!!......
I know.....I have never thought of myself as a gold bug.....however - I cannot deny that the PMs look good over the next several decades. In fact, I continue to buy the physicals..........just picked up another 5 ounces last night. (silver, not gold.)
  • #14,760
  • Oct 17, 2012 5:43pm Oct 17, 2012 5:43pm
Quoting clockwork71
I know.....I have never thought of myself as a gold bug.....however - I cannot deny that the PMs look good over the next several decades. In fact, I continue to buy the physicals..........just picked up another 5 ounces last night. (silver, not gold.)
Cool. I personally still struggle with the idea/benefits of buying physicals. Obviously its part of your Big Picture strategy so that's all good.
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