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Silent Service Method

  • #15,561
  • Aug 31, 2016 2:24pm Aug 31, 2016 2:24pm
Quoting Sa7an
{quote} I think the kneejerk reaction to Brxit is over now and leaving EU will be positive for the gbp and GB I'm in this short and profit locked in {image}
I don't know about that one quite yet. I think the markets will have to be convinced over time. I think the economic numbers coming out of the UK will be very important. However, I think you are correct about the knee-jerk reaction part. Also, I would be interested in what the markets do next week, when a lot of traders come back from holiday.......

Sooner or later though, I think a 'long Pound' position will make careers.
  • #15,562
  • Sep 1, 2016 5:18am Sep 1, 2016 5:18am
Quoting clockwork71
{quote} I don't know about that one quite yet. I think the markets will have to be convinced over time. I think the economic numbers coming out of the UK will be very important. However, I think you are correct about the knee-jerk reaction part. Also, I would be interested in what the markets do next week, when a lot of traders come back from holiday....... Sooner or later though, I think a 'long Pound' position will make careers.
LOL
UK Manufacturing PMI climbs to ten-month high in August
  • #15,563
  • Sep 1, 2016 6:39am Sep 1, 2016 6:39am
Quoting Sa7an
{quote} LOL UK Manufacturing PMI climbs to ten-month high in August
Good day for the Pound, still in consolidation though. Also, this would be the Purchasing Manager's Index. This is a mid level announcement. GDP will be the biggest measure. I suspect this is either cyclical, or in anticipation of the Pound being low, and therefore making exports attractive to the rest of the world. (Which in the end, will lift the economy.)
  • #15,564
  • Sep 11, 2016 4:33pm Sep 11, 2016 4:33pm
Hi Clockwork,

I just want to say thank you for this thread. I just came across in the other day and i will be going over all the posts in this thread with a fine tuned comb.

I fell in to the world of binary options December 2015 and like all others i got lured in by the high returns you can make. Never really got started as i did not like the that i could not do anything to either get out of a trade/bet or stay in longer. Which led me to Forex. Up until now i have felt that the information i find on the internet just does not seem to fully sit right with me. So far reading your thread here has given me a somewhat new view on Forex market and a new perspective. I will be one of those starting out with 500 GBP and then building it up (hopefully) over the next many years. I have no intention to leave my day job but extra cash for 2 daughters weddings in 15 years time and school fees and holidays etc. Hoping this could help towards all that.

Not sure if i got to the info yet or plainly missed it but looking at weekly chart for EUR/USD i have put down 3 S/R lines. 1.05500 and 1.14500 and 1.20950

Your idea around .00 or .50 does that count as well when there are 5 decimals? do you ignore the 5th decimal?
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  • #15,565
  • Sep 26, 2016 10:50am Sep 26, 2016 10:50am
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  • #15,566
  • Sep 26, 2016 10:52am Sep 26, 2016 10:52am
Quoting Rippie
Hi Clockwork, I just want to say thank you for this thread. I just came across in the other day and i will be going over all the posts in this thread with a fine tuned comb. I fell in to the world of binary options December 2015 and like all others i got lured in by the high returns you can make. Never really got started as i did not like the that i could not do anything to either get out of a trade/bet or stay in longer. Which led me to Forex. Up until now i have felt that the information i find on the internet just does not seem to fully sit right...

Sorry about the delay.......been working my ass off.

Ok, yes I ignore the 5th decimal.......it is essentially 1/10th of a pip. (1.3000 and 1.30000 are the same.)

Chris
  • #15,567
  • Sep 27, 2016 11:01am Sep 27, 2016 11:01am
Currently, the Yen looks very interesting to me. I am watching to see if we get some kind of breakdown in several XXX/JPY pairs, as we are sitting on support everywhere. If we do - I think the shorts will go crazy - for the short-term. However, I would also expect the Bank of Japan to get involved either through intervention, words, or QE. The next few charts show that we are sitting on important levels, and the Japanese have to be losing their sense of humor with all of this.....

I could have also included CHF/JPY and EUR/JPY off the top of my head....

USD/JPY

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GBP/JPY

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  • #15,568
  • Sep 29, 2016 5:52pm Sep 29, 2016 5:52pm
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  • #15,569
  • Nov 8, 2016 8:45pm Nov 8, 2016 8:45pm
Hey, remember that time Chris said, don't trade during news?

...Yeah, that would be like now ;-)

How about that Peso?
  • #15,570
  • Nov 9, 2016 8:21am Nov 9, 2016 8:21am
Quoting InfinitySL
Hey, remember that time Chris said, don't trade during news? ...Yeah, that would be like now ;-) How about that Peso?
Yes, my best trade last night was choosing the lager over trading. lol
  • #15,571
  • Nov 13, 2016 9:42am Nov 13, 2016 9:42am
How you feel about this chart may speak to how much you let politics enter your trading. KOL has gotten crushed for a variety of reasons... Some say it's the "war on coal"... others say that the abundance of natural gas and it's plummetting prices have kept coal uncompetitive. It's rallied on the prospect of a Trump victory, but perhaps politics has less to do with this one that simple supply and demand... Tough chart to read, but that sure is a nice pinbar. Perhaps options would be the most cautious way to play this one...

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  • #15,572
  • Nov 13, 2016 9:49am Nov 13, 2016 9:49am
Quoting InfinitySL
How you feel about this chart may speak to how much you let politics enter your trading. KOL has gotten crushed for a variety of reasons... Some say it's the "war on coal"... others say that the abundance of natural gas and it's plummetting prices have kept coal uncompetitive. It's rallied on the prospect of a Trump victory, but perhaps politics has less to do with this one that simple supply and demand... Tough chart to read, but that sure is a nice pinbar. Perhaps options would be the most cautious way to play this one... {image}
Very interesting chart. I think in the end that coal won't take off like it used to. There are far too many options out there now to drive the demand to where it once was.....
  • #15,573
  • Nov 15, 2016 9:58am Nov 15, 2016 9:58am
Hi Chris, I noticed on the stock charts that work well on pinbars swings
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  • #15,574
  • Nov 15, 2016 1:37pm Nov 15, 2016 1:37pm
Another good and honest thread! I am going to follow it!
Regards!
  • #15,575
  • Nov 19, 2016 9:55pm Nov 19, 2016 9:55pm
Support and resistance trend line (support and resistance) and Pinbar on swings
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  • #15,576
  • Nov 20, 2016 10:04am Nov 20, 2016 10:04am
Support and resistance trend line (support and resistance) and Pinbar on swings in stocks
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  • #15,577
  • Nov 21, 2016 6:30am Nov 21, 2016 6:30am
prices down?
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  • #15,578
  • Nov 23, 2016 10:37am Nov 23, 2016 10:37am
I don't trade much forex these days, but this GBP/JPY chart caught my eye. Trendline lower and S&R zone... both on the daily. Unless of course the trend has reversed...lol

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  • #15,579
  • Nov 23, 2016 10:04pm Nov 23, 2016 10:04pm
Oh and The King Of Beers looks too cheap. Buy it!

And Happy Thanksgiving to the Americans on the thread. Enjoy your family and try to get along at dinner! Watch Football instead!

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  • #15,580
  • Nov 24, 2016 8:37am Nov 24, 2016 8:37am
Hello InfinitySL ! In Bud you entered at the touch?
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