Thanks for those articles, a good read but my thoughts are still the same. I definitely see it as a speculator led move. I understand supply and demand and how they affect commodity prices but I think this is a massive overreaction to what is, ...

Silent Service Method

I agree. I think the return to "fair value" once the speculators are finished with just another instrument leaving the only players left to be the actual producers and consumers of the stuff will be just as rapid.

Silent Service Method

The other thing I would say is that if you are following the trend it will make life much MUCH easier! Also, maybe a s/r will hold, the other possibility is that it won't! What I mean is that even if you get a perfect signal at a perfect location, ...

Silent Service Method

I'm afraid you've got it dead right! My own personal interpretation of what I have learned from Chris and this thread is to "trade your own chart", ie develop your own opinion about where a pair is going and don't let anyone else's opinion sway you ...

Silent Service Method

Fractals are a Bill Williams thing aren't they? To be honest I don't think in that way... Basically, draw your major s/r lines at large round numbers, zoom in to a shorter time frame and when the price bounces from one of those levels in the ...

Silent Service Method

I can see your point but a 4 hour chart is less reliable than a longer time frame signal. 4 hour charts can tell you to go long and the next 4 hour candle may well go in that direction, a good trade and you can make money that way. The essence of ...

Silent Service Method

I'll second that, this thread really helped me too.

Silent Service Method

No, just candlestick patterns at horizontal and trendline s/r and a 3sma of the typical price (pivot point ma). I like the ma after I read a book by John Person, I'd recommend the book but I forget the title.

Silent Service Method

By the way, a move to 1.50 would be just over a 50% retracement of the last move. A move to 1.45 would see horizontal and trendline support coinciding. (nice)

Silent Service Method

The big man has gone to work but if you want my opinion you're looking a little too closely. I find GbpUsd tends to bounce between the big round numbers, 1.35, 1.40, 1.45, 1.5, 1.55, 1.60, you get the picture. Anything other than those levels will ...

Silent Service Method

Enjoy that then, could be -10! My sugar chart is on the previous page.

Silent Service Method

It looks to me like the dollar is gaining strength in general. My sugar trade would be 50 ticks up.

Silent Service Method

A couple of interesting charts here. First one is sugar. I would have sold this if I had funds in my account. A nice 45 ish degree trendline with the 38.2% level and a long bearish candle last week. Second one is Mcdonalds. Is that the type of gap ...

Silent Service Method

So you're a bit shaky on flags and pennants but au fait with bollinger bands and ichimoku?! Sounds like you could teach us poor s/r traders a thing or two! Seriously though, I like your thinking on gold and your posts always make sense and actually ...

Silent Service Method

Don't be too jealous, I closed the trade out for a small gain due to changing brokers.

Silent Service Method

I have to say I don't trade dailies and I'm still pretty bearish EurGbp but the chart could well be right. To be honest I'm completely flat at the moment while I'm changing brokers and my "investment horizon" has lengthened considerably recently ...

Silent Service Method

Oh yeah!

Silent Service Method

Yeah, actually, Chris... change your avatar, you look like a nice bloke in the picture you posted the other day, in your avatar you just look weird! (no offence)

Silent Service Method

I'm in the process of changing brokers from Alpari (uk) to Ava Fx. I like Ava Fx mix of forex, stocks and commodities. As a result I have closed all of my open trades on Alpari, took a few hundred pips on GbpChf and UsdSgd, EurGbp a very small gain. ...

Weakly Trading

Nice one, thanks. Chris too ^^^

Silent Service Method