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Silent Service Method

  • #15,401
  • Aug 15, 2015 10:24pm Aug 15, 2015 10:24pm
Here's one I gotta look into further. GNRC is like an old pair of shoes that still has the soles intact. It's sort of like my love affair with this stock refuses to die. I haven't owned it in a while but it looks quite tempting here bouncing nicely off that gap support. Cheap P/E ratio, industry that longer term should do OK, and if you're wrong, you stop yourself out w/ a $2 loss. I guess the one concern w/ that stop-loss is gap-risk, i.e. that it falls like $5 pre-market one day. For that you could buy put options if you're concerned (i.e. Long stock & long an OTM put) or you could just buy calls. Lately I've dabbled in call-spreads which are sort of like a poor-man's version of just buying outright calls (i.e. buy $30 call, sell the $40 call).

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I haven't been trading as much though b/c works been keeping me so busy. Hope you've been well!
  • #15,402
  • Aug 16, 2015 10:38am Aug 16, 2015 10:38am
Here's one I tagged a few weeks ago and it's been chopping around this level a little while. Blue Chip name w/ Pinbar @ round #. Could be interesting...

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  • #15,403
  • Aug 16, 2015 2:27pm Aug 16, 2015 2:27pm
Quoting InfinitySL
Here's one I tagged a few weeks ago and it's been chopping around this level a little while. Blue Chip name w/ Pinbar @ round #. Could be interesting... {image}

Yeah, I think this is a good chart. Also, in times of a bit uncertainty, it would make sense that the blue chips are where money runs to. Also, it has good defined lines. Love these kind of charts.......
  • #15,404
  • Aug 18, 2015 8:54am Aug 18, 2015 8:54am
I'm loving this market at the moment. Summer often allows for this kind of trading.....

Natural Gas (CFD)

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  • #15,405
  • Aug 19, 2015 6:24pm Aug 19, 2015 6:24pm
So..... gold is showing a bit of strength at the moment. I think the bounce is overdue, but I also recognize that the $1150 area is going to be tough. I think the short-term traders give us a bounce, and then the sellers return.......trading accordingly.

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  • #15,406
  • Aug 22, 2015 5:41pm Aug 22, 2015 5:41pm
So.....S&P 500 fell apart. This is either going to be a great buying opportunity, or the market is going to implode. Truthfully, I am a bit suspicious, as the liquidity is probably leaving a lot to be desired this time of year. I see 1900 as being supportive, and a potential trend line holding things up. Simply put though, we need to see a bounce this week in order for me to still feel good about the market.......

Anyway, this is the weekly chart:

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  • #15,407
  • Aug 24, 2015 3:52pm Aug 24, 2015 3:52pm
Well......according to this chart, EUR/USD could very well be going to the 1.25 level. The 1,000 pip tall triangle seems to suggest this.

The EUR/USD most assuredly has bottomed.

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  • #15,408
  • Aug 24, 2015 4:13pm Aug 24, 2015 4:13pm
Quoting clockwork71
Well......according to this chart, EUR/USD could very well be going to the 1.25 level. The 1,000 pip tall triangle seems to suggest this. The EUR/USD most assuredly has bottomed. {image}
Long time no see.

Certainly seems like Euro has a bit of upside to it.
Kill the ego, or it will kill the mission.
  • #15,409
  • Aug 25, 2015 8:08am Aug 25, 2015 8:08am
Quoting AaronWard
{quote} Long time no see. Certainly seems like Euro has a bit of upside to it.

Good to see you!

And yes, I think the times they are a' changin'

Chris
  • #15,410
  • Aug 26, 2015 12:51pm Aug 26, 2015 12:51pm
Still feeling optimistic about the Euro, Chris? Watching it deflate like this is depressing.
Kill the ego, or it will kill the mission.
  • #15,411
  • Aug 27, 2015 6:24am Aug 27, 2015 6:24am
hey Clockwork nice and informative thread. thanks
you are the creator of your own destiny-Shivyog
  • #15,412
  • Aug 27, 2015 2:45pm Aug 27, 2015 2:45pm
Quoting lsolanki
hey Clockwork nice and informative thread. thanks

Thanks mate!
  • #15,413
  • Aug 27, 2015 2:50pm Aug 27, 2015 2:50pm
Quoting AaronWard
Still feeling optimistic about the Euro, Chris? Watching it deflate like this is depressing.
You know, I am not sure to be honest. I think the 1.12 level has to hold. However, one of the biggest things to keep in mind is that Prelim GDP in America came out much higher than anticipated. Because of this, some traders may be making the bet that interest rates are going higher. I am not sure at the moment, and as a result I am now waiting in the EUR/USD pair. However, the Euro against other currencies could be interesting....

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  • #15,414
  • Aug 27, 2015 3:45pm Aug 27, 2015 3:45pm
Most of the time when you have an exhaustion spike like that price makes it back to that point. However it is hard to feel bullish about a currency that has lost 500 pips in 3 days. Also Greek elections have me a bit worried. Not so worried about the interest rates. The Fed was pretty wishy washy. They talked alot about inflation which in my mind is Fed speak for problems in the BRIC country's.

That it will go up is a bet against the prevailing trend (which has stalled out for the last half year) but that said, it does show some signs of reversal. Other than being stalled, there is a very high level of volatility which can signal a reversal as well. I am seeing quite a few 200-300 pips days over the last little while.
Kill the ego, or it will kill the mission.
  • #15,415
  • Aug 28, 2015 7:33pm Aug 28, 2015 7:33pm
Quoting AaronWard
Other than being stalled, there is a very high level of volatility which can signal a reversal as well. I am seeing quite a few 200-300 pips days over the last little while.
This quote shouldn't be overlooked. I think that the volatility that we are seeing is a bit of a precursor to a possible trend change. However, if you look at historical charts, you often see insanity like this as we change trends. With this, it takes a lot of cajones to hold on. At this point in time, it is easier to go long the EUR against other currencies......

Chris
  • #15,416
  • Aug 30, 2015 11:57pm Aug 30, 2015 11:57pm
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}
Quoting a post from a month ago... I agree, sugar is one of those things I've periodically traded over the last few years (via $SGG the ETF that tracks sugar), always trying to buy that bounce... And you do get them from time to time, but every time it heads back south so you have to book your profits when you get them.

You wonder if something like sugar experienced some sea-change in the way people view it. All the science on how truly bad the stuff is for you, does that change people's eating habits? Sanjay Gupta did a piece via 60mins on it not too long ago that had me adjust my intake. It's linked here if anyone wants to view (15mins, below) Or is just a function of where it's produced (Brazil) and all the problems that economy has had, plus not as robust demand from the emerging economies which are also in the sh!tter (look at $EEM).

But back to sugar, is this lower trend line something that'll hold and see a bounce to $30? Can it break thru that upper trendline, if so it's got room to run, but if not, you gotta book the profits and move on...

$SGG (the sugar ETF):
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$EEM (Emerging Markets ETF in the US):
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Sugar on 60mins:
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  • #15,417
  • Aug 31, 2015 9:02am Aug 31, 2015 9:02am
Quoting InfinitySL
{quote} Quoting a post from a month ago... I agree, sugar is one of those things I've periodically traded over the last few years (via $SGG the ETF that tracks sugar), always trying to buy that bounce... And you do get them from time to time, but every time it heads back south so you have to book your profits when you get them. You wonder if something like sugar experienced some sea-change in the way people view it. All the science on how truly bad the stuff is for you, does that change people's eating habits? Sanjay Gupta did a piece via 60mins...

Certainly a bear market. Hard to tell what is driving it so far down. I think you cannot overlook the Dollar as well, although I would assume that isn't a primary reason.
  • #15,418
  • Edited 11:46pm Sep 1, 2015 9:48am | Edited 11:46pm
nice
you are the creator of your own destiny-Shivyog
  • #15,419
  • Sep 4, 2015 9:55pm Sep 4, 2015 9:55pm
Here is one that I sent out to my clients......

USD/SGD.....

I think the breakout is significant, especially since it was resistance on the monthly chart.

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If we can continue - this is a multi-handle move.
  • #15,420
  • Sep 8, 2015 5:46pm Sep 8, 2015 5:46pm
I will be looking for short-term resistance on short-term charts to start selling nat gas again via CFDs tomorrow

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