Checking out this one today, with oil inventory numbers coming, could be a mover. On a break of the lows for the daily candle - meaning once it closes - I am a selling to the 1.25ish area. image

Silent Service Method

USD/SEK: We have broken below the bottom of a massive rectangle in the Swedish Krona. The market has come back to the area, and with the NFP coming out today - this could be the catalyst for a return to selling. Also, we have the 50 and 100 EMAs ...

Silent Service Method

I find this chart interesting. We are going into Non-Farm Friday, and oil had been pulling back. The Mexican peso is a currency that is highly sensitive to oil as there are a lot of oil rigs in that country and the Gulf of Mexico. The pair has been ...

Silent Service Method

It hits 5 candles, and only has one piercing of it. I would agree if there was a body above the line, but I would use it as a trend line myself. You can't be too rigid about this, I cannot tell you the number of times I was talked out of a trade by ...

Silent Service Method

So its kind of like a Stochastic Oscillator then? I haven't tried this indicator.

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Agreed - there is never a reason to give too much back. If you are patient, the market will tell you if its time to start selling again....

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To be honest, I don't know how to use that particular indicator. However, I think a pullback isn't out of the question, but I also believe that this pair is going to continue going higher over the longer-term......

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Agreed. I think the EUR/USD is going to break above the 1.15 level, and that will force this thing lower.....

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On top of that - the two candles are essentially a '2 day shooting star', which is the same thing as a shooting star, but in slow motion. I think it is a good trade. There is support just below, so I also agree with the b/e stop loss. At this point, ...

Silent Service Method

Here is one I did some commercial analysis for today: The USD/CHF pair. We formed a hammer at the 0.97 level, an area that we have seen support and resistance at before on longer-term charts..... a break above the top of the session on Tuesday could ...

Silent Service Method

GBP/USD is an interesting pair for me right now. I am looking at the 1.45 area, not only for the 'large round number', but also for the possible downtrend line that is intersecting at this point. I look at a break above there - and beyond 1.46 - as ...

Silent Service Method

Here is another one I am paying attention to, the GBP/CHF pair. The market has bounced nicely over the last two weeks, and could run out of momentum. The chart attached shows the 1, 2, and 3 year moving averages on a weekly chart. We are starting to ...

Silent Service Method

Here's a potential fun one: AUD/NZD, a real grinder at times. By it's very nature, it tends to offer longer-term moves more than anything else. (It tends to be choppy.) This chart shows a potential inverse head and shoulders, one of my favorite ...

Silent Service Method

Yeah, I am thinking the same thing. Perhaps a run to the 1.41 handle.....

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Yes, this brings up the age old question: "What do I do if my chart looks different than someone else's?" The answer is trade your chart. Different brokers offer different closing times. Because of this, charts will differ, but remember that the ...

Silent Service Method

So here is one worth watching today.......AUD/USD. Breaking above a shooting star is a strong sign of buying power. image

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That EUR/GBP trade may just happen.......obviously, the USD/CAD trade was screwed over by the gap. I hate that shit with a passion. One of the most frustrating things about trading. image

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Doha talks ended up producing nothing. Not a good sign for selling USD/CAD, at least in the short-term.

Silent Service Method