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Silent Service Method

  • #15,381
  • Jul 27, 2015 1:18pm Jul 27, 2015 1:18pm
Quoting clockwork71
{quote} This market looks a lot like Gold did in the 80s......you just sold every time it bounced. Where I live, we literally have more natural gas in the ground than we know what to do with - and Pennsylvania is even worse......
Yeah, I've seen the clips online of people holding a lighter to their kitchen faucet... It seems like the weather is getting a bit less hot also in the US along with predictions of some rain ahead for the west of the US - el nino?
  • #15,382
  • Jul 27, 2015 1:31pm Jul 27, 2015 1:31pm
Quoting o990l6mh
{quote} Yeah, I've seen the clips online of people holding a lighter to their kitchen faucet... It seems like the weather is getting a bit less hot also in the US along with predictions of some rain ahead for the west of the US - el nino?

Recently, I read a statistic that the USA could produce enough power from natural gas alone for the next 300 years. And that doesn't even include Canada. That's the only thing I care about.....

More that 14 trillion cubic feet of nat gas is known to exist in the ground....and that was like three years ago.
  • #15,383
  • Jul 28, 2015 7:50pm Jul 28, 2015 7:50pm
Here is a market that a (potential) new broker of mine offers.......Sugar #11. Wow, this is a downtrend.....weekly time frame.

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  • #15,384
  • Jul 28, 2015 7:51pm Jul 28, 2015 7:51pm
Here is one to watch.....AUD/USD. This is an hourly chart, but I like this area for the resistance......Perhaps going to short on a break a bit lower.

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  • #15,385
  • Jul 29, 2015 7:02am Jul 29, 2015 7:02am
Quoting clockwork71
Here is a market that a (potential) new broker of mine offers.......Sugar #11. Wow, this is a downtrend.....weekly time frame. {image}
Yes, we're in a major commodity bear market. Basically everything is dropping. I think that says something about how healthy the global economy actually is... My broker also has this along with several other CFD commodities and indices. I wouldn't want a broker that just offers forex.
  • #15,386
  • Jul 29, 2015 1:26pm Jul 29, 2015 1:26pm
Quoting o990l6mh
{quote} Yes, we're in a major commodity bear market. Basically everything is dropping. I think that says something about how healthy the global economy actually is... My broker also has this along with several other CFD commodities and indices. I wouldn't want a broker that just offers forex.
In the US, we aren't allowed to trade CFDs, unless you are using NADEX......which must have better lobbyists than other companies. However, I trade offshore in an account. Love the CFDs.
  • #15,387
  • Aug 1, 2015 9:42am Aug 1, 2015 9:42am
A chart that looks like it wants to continue going higher....... GBP/CAD

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Looking at the chart, you can see that we consolidated for some time. However, we broke higher and now look like we are going much, much, higher. The 2.05 level above is going to be a bit of a "speed bump", just because of the "round number" aspect of it. The market should continue higher though, as the GBP is looking relatively stable against the USD, while the CAD is getting hammered.

(I know that people sometimes don't like hearing this, but the USD is the most important measure of all things in the commodity and currency markets. With this, I will often look at a cross pair like this and ask the following question: "How are they doing against the Greenback?")

Also, the oil markets look fucking horrible still. (Although, I think we will eventually form a bottom near the $40 level.)

Chris

P.S. - This chart is a perfect example of a trend lasts until it doesn't. Don't make trading any harder than it needs to be. Follow the herd - don't fight it. Yes, the trend will end someday, but the idea is to have several wins before it does.
  • #15,388
  • Aug 1, 2015 9:56am Aug 1, 2015 9:56am
Quoting clockwork71
A chart that looks like it wants to continue going higher....... GBP/CAD {image} Looking at the chart, you can see that we consolidated for some time. However, we broke higher and now look like we are going much, much, higher. The 2.05 level above is going to be a bit of a "speed bump", just because of the "round number" aspect of it. The market should continue higher though, as the GBP is looking relatively stable against the USD, while the CAD is getting hammered. (I know that people sometimes don't like hearing this, but the USD is the most important...
Remember this guy?

Quoting stewrigh
Longer term this is my target......................................... {image}
Free speech is an oxymoron
  • #15,389
  • Aug 2, 2015 8:36am Aug 2, 2015 8:36am
Quoting Banzaisky
{quote} Remember this guy? {quote}

Went back and looked at the post. That's one hell of a call.
  • #15,390
  • Aug 2, 2015 8:40am Aug 2, 2015 8:40am
WTI Crude (CFD)

Not a really brave call by any stretch, but it looks as if $42 if calling again.....I suspect this coincides with a move to 100 in the US Dollar Index....or close to it at least.....

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  • #15,391
  • Aug 5, 2015 8:44am Aug 5, 2015 8:44am
Just started contributing to traderplanet........
  • #15,392
  • Aug 5, 2015 8:46am Aug 5, 2015 8:46am
Possibly the best trend at the moment, and it makes sense. The GBP is doing "okay" against the USD, while the AUD looks horrible - even with the small bounce. I like this one to the 2.15 level.

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  • #15,393
  • Aug 6, 2015 11:07am Aug 6, 2015 11:07am
Guys, I highly encourage you to pay attention to the USD/CAD pair on Friday. Both countries offer employment numbers, and a miss by Canada would send this pair much higher. Oil isn't helping either, and this could be the catalyst for the next leg higher.....
  • #15,394
  • Aug 8, 2015 9:53am Aug 8, 2015 9:53am
This is one of my favorite charts at the moment, GBP/USD. Even if I don't take a trade in this pair, I will be looking to buy the GBP somewhere this week. If it is doing reasonably well against the USD - then it should do well against other currencies such as JPY, CAD, AUD, etc.....

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  • #15,395
  • Aug 9, 2015 3:51am Aug 9, 2015 3:51am
Quoting clockwork71
This is one of my favorite charts at the moment, GBP/USD. Even if I don't take a trade in this pair, I will be looking to buy the GBP somewhere this week. If it is doing reasonably well against the USD - then it should do well against other currencies such as JPY, CAD, AUD, etc..... {image}
Great chart THKS
  • #15,396
  • Aug 13, 2015 8:51am Aug 13, 2015 8:51am
Thought I would have a go at this one...... USD/CAD. It is with the overall trend, and it seems as if the pullback is finally getting buyers interested. Also, the market is going to react to oil, which has been horrible lately.

Chris

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  • #15,397
  • Aug 14, 2015 10:54am Aug 14, 2015 10:54am
What's your view on gold? I'm looking at COT data and I've opened a small long position that went straight into profit. I'm thinking we may have bottomed, especially with the expectance of higher FED interest rates to come...
  • #15,398
  • Aug 15, 2015 9:58am Aug 15, 2015 9:58am
Quoting o990l6mh
What's your view on gold? I'm looking at COT data and I've opened a small long position that went straight into profit. I'm thinking we may have bottomed, especially with the expectance of higher FED interest rates to come...
I think that's possible, but I also think that the $1,000 level is a better choice - if given.I will be watching. I think even if we have hit the bottom, there will be several chances to get involved.

Chris
  • #15,399
  • Aug 15, 2015 2:31pm Aug 15, 2015 2:31pm
I feel like I've seen a ghost. Welcome back Chris.

I haven't been on FF in ages but it's good to see some posts from some familiar folks. Heck, maybe i'll even throw a few charts up here!
  • #15,400
  • Aug 15, 2015 9:39pm Aug 15, 2015 9:39pm
Quoting InfinitySL
I feel like I've seen a ghost. Welcome back Chris. I haven't been on FF in ages but it's good to see some posts from some familiar folks. Heck, maybe i'll even throw a few charts up here!

Hellz Yeah!

Hey S.....
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