Cesarnc's market talk, gossips, rumours & fun | Page 68 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Walk the Talk from a fun loving discretionary trader 46 replies

You talk the talk I walk the talk 8 replies

Attachments: Cesarnc's market talk, gossips, rumours & fun
Exit Attachments

Cesarnc's market talk, gossips, rumours & fun

  • #1,341
  • Jan 2, 2008 2:37am Jan 2, 2008 2:37am
Morning all....

Still lazy here on those last several "all-about-lazyness" days. I don't like this end of the year frenzy.

Everybody acting like the simple flip on the calender would be the solution for all the problems. One day they will know the solution for all the problems lie inside of themselves.

Time has come for hands-on coz we can make those new year wishes come true.

* I think it was yesterday's booze or something. But I woke up poetic today... I may write a book called "You make your own new year, jackass" and sell for $19.99 to accomplish my new year goals fast
  • #1,342
  • Jan 2, 2008 2:41am Jan 2, 2008 2:41am
Quoting DutchTrader
I'm really looking at the GBP charts, and for the life of me I can't think of any reason for GBP strength. Technically the charts are bearish, top that off with the BoE clearly in a bearish/cutting cycle and I see temporary spikes followed by more downside. Just my thought.
I agree.
Humble Lifetime Member
  • #1,343
  • Jan 2, 2008 2:51am Jan 2, 2008 2:51am
Quoting cesarnc
Morning all....

Still lazy here on those last several "all-about-lazyness" days. I don't like this end of the year frenzy.

Everybody acting like the simple flip on the calender would be the solution for all the problems. One day they will know the solution for all the problems lie inside of themselves.

Time has come for hands-on coz we can make those new year wishes come true.

* I think it was yesterday's booze or something. But I woke up poetic today... I may write a book called "You make your own new year, jackass" and sell for $19.99 to accomplish my new year goals fast


Now, is that in $19.99 in US denominated currency??? I would highly recommend that you reconsider and price it in Euro's to protect your profits.

Looking around the foum, still have the same people calling long, going short, asking for entry / points, wishing for it go up or go down. I guess, some people will never change.
Humble Lifetime Member
  • #1,344
  • Jan 2, 2008 2:55am Jan 2, 2008 2:55am
Quoting Ash


Now, is that in $19.99 in US denominated currency??? I would highly recommend that you reconsider and price it in Euro's to protect your profits.

Looking around the foum, still have the same people calling long, going short, asking for entry / points, wishing for it go up or go down. I guess, some people will never change.
Damn, you're right. Book @ EUR 19.99. Just on your suggestion the price went to $29.38

I love forex

Quote
Looking around the foum, still have the same people calling long, going short, asking for entry / points, wishing for it go up or go down. I guess, some people will never change.

I heard the broker's new year wish was "May people never change in 2008"
  • #1,345
  • Jan 2, 2008 2:57am Jan 2, 2008 2:57am
Quoting cesarnc
Damn, you're right. Book @ EUR 19.99. Just on your suggestion the price went to $29.38

I love forex
You kill me....lol
Humble Lifetime Member
  • #1,346
  • Jan 2, 2008 3:39am Jan 2, 2008 3:39am
I love these guys "there's no downtrend here, I'm long".

I'll take "What is a retrace, for 1000pips, Alex"

Patience + Humility + Study = Success
  • #1,347
  • Jan 2, 2008 3:45am Jan 2, 2008 3:45am
Quoting DutchTrader
I love these guys "there's no downtrend here, I'm long".

I'll take "What is a retrace, for 1000pips, Alex"

LOL. I'm not going to criticize this lifestyle anymore. All you got is people shouting at you via forum.
  • #1,348
  • Jan 2, 2008 3:46am Jan 2, 2008 3:46am
Cable trying the upside again, I'll wait to beat the bulls over the head

http://tkfiles.storage.msn.com/x1phW...VDVCRFmhYSxSPA
Patience + Humility + Study = Success
  • #1,349
  • Jan 2, 2008 4:16am Jan 2, 2008 4:16am
Quoting cesarnc
LOL. I'm not going to criticize this lifestyle anymore. All you got is people shouting at you via forum.
While they should be watching out for the margin call
Patience + Humility + Study = Success
  • #1,350
  • Jan 2, 2008 4:27am Jan 2, 2008 4:27am
Quoting DutchTrader
While they should be watching out for the margin call
  • #1,351
  • Jan 2, 2008 4:33am Jan 2, 2008 4:33am
Let's go 2008!

Jan. 2 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, may have to reduce the value of holdings by $12 billion in the fourth quarter because of financial-market swings, according to Sanford C. Bernstein & Co. analysts. :surprised

CNBC:
The New York Stock Exchange has set its criteria for trading halts in the event of a steep market drop, making only slight changes for the first quarter from the fourth, according to data on the NYSE Web site.

For the first quarter, circuit breakers will kick in if there is a drop of 1,350 points, or 10 percent, in the Dow Jones industrial average.

If the Dow drops 2,700 points or 20 percent, there will be a two-hour halt if it happens before 1 p.m., a one-hour halt if the slide occurs between 1 p.m. and 2 p.m. and the market will halt for the rest of the day if the slide happens after 2 p.m.

My remark: I think it's a good idea. My only suggestion is placing a hot-line direct to paramedics in case of 2,700 drop.
  • #1,352
  • Jan 2, 2008 5:38am Jan 2, 2008 5:38am
There are these 2 videos talking about the "Covered carry trades" strategy, from PFX.

As it is available in the News session, I assume there is no problem sharing it here.

There are 2 parts and I've watched half of part one yesterday when wife came to ruin my attention... So I'm downloading the videos now to watch them peacefully.

I think it's worth watching

Part I: http://www.pfxglobal.com/index.php?o...717&Itemid=117

Part II:
http://www.pfxglobal.com/index.php?o...718&Itemid=117

  • #1,353
  • Jan 2, 2008 5:44am Jan 2, 2008 5:44am
Britain this year faces the most difficult economic conditions since the dotcom bubble burst, according to the Financial Times’ annual survey of leading economists, which shows deepening pessimism about the impact of the global credit squeeze. The annual survey of 55 top economists shows confidence has tumbled from a year ago. The experts also fear that compared with 2001-02, the scope for financial authorities to mitigate any downturn is far more limited. Nearly nine in 10 think public finances are not in good order so there is no leeway for
discretionary tax cuts or increases in public expenditure, and the third most-mentioned risk to the economy is inflation, limiting the ability of the Bank of England to cut interest rates. Nearly two-thirds of the economists– from the City, academia and including five former members of the monetary policy committee– thought house prices would fall this year [2008], although there was wide disagreement over the effect of a housing downturn on the economy. Even those usually optimistic sounded a more cautious note after five months of deepening financial market problems. Sir Alan Budd, provost of Queen’s College Oxford and former chief economic adviser to the Treasury, said: “I’m quite worried . . . mainly because some of the problems are
unprecedented and don’t seem to be responding to treatment.”
Many of the problems stem from abroad, especially the likelihood of a housing market slump in the US. Sir Howard Davies, director of the London School of Economics, saw a high probability of a recession in the US and added: “That would be likely to spread to the UK and some other European countries, notably Spain, where property prices seem similarly out of line.”
But at home, concerns centre on the limited ability of the government to mitigate any slowdown because it was still running a large deficit when the economy was performing strongly between 2004 and 2007. Martin Weale, director of the National Institute of Economic and Social Research, said: “The public finances are in very poor shape . . . HM Treasury has managed several years of self-delusion. No doubt it will explain that it did not foresee the credit crisis and use this as an excuse.” With inflationary pressures likely to be evident in the first half of 2008, the majority view was that life had got much tougher for the Bank of England, particularly since banks’ unwillingness to lend had reduced the ability of the Bank to influence monetary conditions. Most, nevertheless, hoped the Bank would choose to turn a blind eye to short-term inflationary pressures and cut interest rates, since they believed that the coming economic slowdown would control inflation and the economy needed the stimulus of looser monetary policy.
With house prices falling across the country, most economists did not think a troubled housing market would be the cause of further weakness. Some of those predicting the sharpest falls in house prices were also the most confident about the economy’s ability to withstand a housing downturn. Richard Lambert, director general of the CBI, said that 2008 would be a difficult year, but that it was important not to exaggerate risks and “talk ourselves into something much worse” than the soft landing he thought likely.
If I Go Broke Trying Then I Will die happy.
  • #1,354
  • Edited 6:34am Jan 2, 2008 6:04am | Edited 6:34am
G/J looks like it wants to go lower, same with GU. The impetus could be ISM data. Possible break of 1.4720 as well to go higher in EU

Moe,

Good read
Patience + Humility + Study = Success
  • #1,355
  • Jan 2, 2008 6:37am Jan 2, 2008 6:37am
Quoting DutchTrader
G/J looks like it wants to go lower, same with GU. The impetus could be ISM data. Possible break of 1.4720 as well to go higher in EU

Moe,

Good read
eur/usd went up, usd/chf went down, gbp/usd is lost in lala land.
If I Go Broke Trying Then I Will die happy.
  • #1,356
  • Jan 2, 2008 7:24am Jan 2, 2008 7:24am
Quoting Moe
eur/usd went up, usd/chf went down, gbp/usd is lost in lala land.
This is interesting. Gold is putting new multi-years high and oil is trading not that far from its last toppish (now $97).

Last time those 2 were putting pressure on the dollar, the dollar pairs reacted delayed. As the new year is slowing kicking in, I see dollar down the drain as the main bias.

On GBPUSD I'm not risking an opinion. EURGBP has shown power to trend for weeks, enough to prove euro and cable can run dettached for a good while.
  • #1,357
  • Jan 2, 2008 7:26am Jan 2, 2008 7:26am
Quoting cesarnc
On GBPUSD I'm not risking an opinion. EURGBP has shown power to trend for weeks, enough to prove euro and cable can run dettached for a good while.
Call it what you want. I call it "trending pair"
Attached Image
  • #1,358
  • Jan 2, 2008 7:34am Jan 2, 2008 7:34am
cesar,

1.9750 is key, if that gives we'll see our deeper correction to 1.9500
Patience + Humility + Study = Success
  • #1,359
  • Jan 2, 2008 7:51am Jan 2, 2008 7:51am
Quoting cesarnc
Call it what you want. I call it "trending pair"
no cesar u are wrong, its ranging, it will come back....like always, but first it will touch 0.88....
its just money
  • #1,360
  • Jan 2, 2008 8:07am Jan 2, 2008 8:07am
Quoting de123
no cesar u are wrong, its ranging, it will come back....like always, but first it will touch 0.88....
Not crazy

I don't give a damn about bold calls anymore. "Euro at 1.45" seemed pretty bold on the way up. Now it's bold on the way down.

Cable below 2.0 a month a go? The guy would be fired and sent to an institution for saying that.

I myself said "USDCAD to parity" by mid-2007 and people treated my like I was retarded... Not to mention those who like to bring patriotism to forex and shouted "NO FUC#$@% WAY Canada is better than US"
58 traders viewing now