Orders cancelled. PA too bullish at this stage. Will reassess if we see bearish PA.

MPB Journal

Heating Oil - Rolled Over — This position was rolled over again today. After evaluating PA it is starting to look a bit toppy with the upper tails etc. We have had a big run up and are now facing some real resistance. I have decided to halve ...

MPB Journal

Yup, property prices destabilising as well. An extract below from Sydney Morning Herald today: New home sales plunged in July, ending three months of gains and pointing to more weakness in the real estate sector. The Housing Industry Association new ...

Silent Service Method

Inside bar formed so orders unchanged. IB = Indecision in the market (ranging) they can breakout either way, if up the orders get cancelled, if down and we are off to the races hopefully.

MPB Journal

Funny, that's the second time in a week I have been quoted that line......unrelated to trading too.....maybe its a sign?

Silent Service Method

What I usually do is wait for a Daily Swing High and move stops to just above that. Today may be printing an outside bar anyway which would make my decision easier. Are you still short?

Silent Service Method

Indeed. Crude was a bit pricey for me at the time (contract size) so got on board the Heating Oil Bull. I have been long since the 4th July (ironic somehow). Highly correlated those two markets. Man I love buy hold sometimes.....

Silent Service Method

AUD/CHF - Decision Time — What's it gonna be??....... I got short at 1.0122.....might take half off the table now....as this would be a good place for a bounce.

Silent Service Method

US T-Bonds - Short Orders Placed — T-Bonds have been in an up trend for some time. The 78week COT index has been in an extreme position and it appears vulnerable to further downside action. Looking at the weekly chart there is plenty of room ...

MPB Journal

Weekly Update — Current Open Positions. Heating Oil [email protected] - No change in Stop orders Gold [email protected] - No change in Stop orders USD/CHF [email protected] - No change in Stop orders AUD/CHF [email protected] - Stop moved down to above the high of ...

MPB Journal

Thanks, fair point about the bull run....food for thought, thanks again

Silent Service Method

1. Scrooge McDuck 2. Why do you say that about silver?

Silent Service Method

Hey C12, without getting too personal and getting off track from this thread I am interested to know a bit more about owning physical gold v paper gold. I know the obvious difference but am just interested to know if you hold gold as coins or bars ...

Silent Service Method

Also as I mentioned a week or so ago, there is a lot of pessimistic data coming from the mining sector here. BHP has now publicly reported to the market that it has scrapped a $US30 billion expansion project at Olympic Dam (uranium and copper). In ...

Silent Service Method

Yep, sell and hold for a while. I'm also short USD/CHF....that ones well underway....

Silent Service Method

True, I would not buy now either but that's only because I got Long over two weeks ago. I would say buying dips from now on is the best play on Gold. There are always going to be hurdles in front of price but I would not be selling a rally in gold ...

Silent Service Method

....yeah 50% of the time every time!

Silent Service Method

Yep, COT is heavily loaded for upside moved here, unfortunately this is an expensive market for me. Would prefer to have 2 positions but might prove to be a bit too expensive. Will look into it again. A break and hold over 130 and its up we go imho ...

Silent Service Method

Other Open Positions — Heating Oil LONG - Stop moved up further again (higher high made) below recent swing low. Gold LONG - Finally made a bit of a move higher after chopping around for a while. Stop moved up a little (below recent swing ...

MPB Journal