Yes I am well aware of your bias you crazy gold bug you...... I'm starting to sound like Bones!!......

Silent Service Method

Understandable, my bias is not a long term play that's for sure......it's just there is an opportunity ATM IMO

Silent Service Method

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 $ ...

Silent Service Method

The cost of doing business I guess...... At least the RBA cut rates the other day....helps a little

Silent Service Method

Still short the AUD/CHF

Silent Service Method

Metals — ...well we got it.....I'm in sell mode now. This uptrend looks like it is over for the time being. Gold - Has now made a lower low. Silver - Has now made a lower low. Platinum - No lower low yet but I suspect its coming. I'm looking ...

MPB Journal

Hi BG, I'm not having a go however, I'm assuming you widened your stop on the first position to have it end up where it did. That is a dangerous game indeed, lucky you were proved right. It's great you learnt from the trade as that's what its all ...

Silent Service Method

Sticking to your plan.....can't argue with that..... It's healthy to have a whine and normal to lose sleep and be stressed at work chin up old son, you'll will be right!

Silent Service Method

Hi 198, I did have 2 contracts originally however, scaling out is not that important. Firstly, everyone goes on about how 'bad' scaling out is, as it ruins the risk reward ratio of the trade. While I agree to a certain extent, halving a position ...

MPB Journal

At the risk of sounding like a bit of a tool, I am a little puzzled by the 'need to trade' theme in the recent posts. Just sit on the side if you do not like the action, its way less stress than wishing a trade up or down. Being flat is a position. ...

Silent Service Method

Fair enough......I'm still short (second trade), been a lot slower but still optimistic of further downside. When I look at the COT (for AUD) I still see the 'right' things happening for downside action i.e. Funds - Reducing longs and adding to ...

Silent Service Method

How did you hold this short from 5th July to close out in profit recently? Did you really put a 540 pip stop loss in place? The risk/reward on that trade looks a little sick to me......then there is the swap...ouch.

Silent Service Method

Metals — Platinum and Silver look like there are done but Gold looks to be just hanging in there at the moment. I would still prefer to see one more decent down day to be comfortable looking for a rally to sell. I suspect we may not be too far ...

MPB Journal

Weekly Update — Open Positions AUD/CHF [email protected] [email protected] Stop moved to above Bar7 High. Price rejected at EMA and moving back down. Soybeans [email protected] [email protected] Stop moved to above Bar8 High.

MPB Journal

Metals - Short? — COT indicates very one sided positioning in these markets. I can't imagine many people looking at shorting these markets so thats a good thing for playing the contrarian card. Looking out further we are at early March 2012 ...

MPB Journal

USD/CAD - Re-evaluation — I hit the brakes on this pair a little. My read: Bar5 - Inside Bar (small body) = ranging Bar6 - Outside Bar (but still inside bar compared to Bar4) further ranging. - Orders cancelled Bar7 - High above Bar4 -Looks ...

MPB Journal

US Indexes — Make or break here on these two. Only interested in shorting these markets.

Silent Service Method

GBP/USD - Short Position Opened — Short Opened as discussed above. GBP/USD [email protected] [email protected] This is a funny trade. I attempted to get in earlier than usual (bent my usual rules), got nervous when price rebounded, so move stop to break ...

MPB Journal

Weekly Update — Open Positions AUD/CHF [email protected] [email protected] Stop moved to breakeven. There is no real obvious lower high to hide a stop behind yet. Will wait for further PA to unfold. Soybeans [email protected] [email protected] No change. Closed ...

MPB Journal

Position Update — Open Positions AUD/CHF [email protected] [email protected] No change. GBP/CAD [email protected] [email protected] Stop moved up (a little) to below Bar10 Low Soybeans [email protected] [email protected] Stop moved down to above Bar7 High GBP/USD [email protected] ...

MPB Journal