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Cesarnc's market talk, gossips, rumours & fun

  • #1,381
  • Jan 2, 2008 7:16am Jan 2, 2008 7:16am
Quoting cesarnc
It is. 68% in the last 6 months.

Everytime I touched the SL and the TP by my "discretion", I fucked up the trade. Let it run, don't worry, be happy.

But I think, if you like it, you should test it with small lots for an entire month, like I did. So you will get used to the strategy. Not unusual it trades -80 before giving you the profit and it has traded +99 to stop me out in the following hours...

Shit happens and you get used to it.

Everytime I got greedy and enlarged the TP level to +200, it traded +130 and stopped me out with -100

I call this "The Cesarnc Hands-on Factor"
Lol.. i've tried it before with 5 pips buffer and with 0 pips buffer. TP level on +200 i think its a bit forcing the strategy too much. GJ usually range around 200-300 on a good day. With the "break of hi-lo" strategy.. usually when the orders got filled GJ already runs around 100 pips range. Add with the +200 TP then it will be out of daily range already. But again.. u could get a +200 today :
  • #1,382
  • Jan 2, 2008 7:16am Jan 2, 2008 7:16am
DOW -100 at open

Attached Image
  • #1,383
  • Jan 2, 2008 7:17am Jan 2, 2008 7:17am
We're going to see a tough day, and if the Fed Minutes are bearish too then it's a wrap today.
Patience + Humility + Study = Success
  • #1,384
  • Jan 2, 2008 7:30am Jan 2, 2008 7:30am
Hello,

My monthly(218.49) and weekly(218.97) pivots shows a strong support.... How strong do you guys feel that they are?


Thanks
Unus pro omnibus, omnes pro uno
  • #1,385
  • Jan 2, 2008 7:36am Jan 2, 2008 7:36am
218.20 provides your answer
Patience + Humility + Study = Success
  • #1,386
  • Jan 2, 2008 7:37am Jan 2, 2008 7:37am
Quoting DutchTrader
218.20 provides your answer

Thanks Dutch
Unus pro omnibus, omnes pro uno
  • #1,387
  • Jan 2, 2008 7:38am Jan 2, 2008 7:38am
Quoting moneda
Hello,

My monthly(218.49) and weekly(218.97) pivots shows a strong support.... How strong do you guys feel that they are?


Thanks
Great chance that the Head and Shoulder was triggered here. Target is somewhere in the 200 area.

For the long term takers only. There will be ups and downs enough for our daily crumbs chasing here
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  • #1,388
  • Jan 2, 2008 7:40am Jan 2, 2008 7:40am
Quoting DutchTrader
218.20 provides your answer

Yep.... so does 217.98 !


Thanks
Unus pro omnibus, omnes pro uno
  • #1,389
  • Jan 2, 2008 7:47am Jan 2, 2008 7:47am
Quoting cesarnc
Great chance that the Head and Shoulder was triggered here. Target is somewhere in the 200 area.

For the long term takers only. There will be ups and downs enough for our daily crumbs chasing here
Oh well... this year's resolution is to put my thinking cap in the closet! I am not smart enough nor have the brain cells to go along for deep analysis!


Gracias Cesar,
Unus pro omnibus, omnes pro uno
  • #1,390
  • Jan 2, 2008 7:48am Jan 2, 2008 7:48am
Here goes the weekly pivot
Patience + Humility + Study = Success
  • #1,391
  • Jan 2, 2008 8:09am Jan 2, 2008 8:09am
Quoting DutchTrader
Here goes the weekly pivot
Dow Jones has these huge 4 consecutive bearish daily candles starting 13,500. It's a 400 points tumble already (3%!!!)

Losing the 13,100 will cut the bears loose. Carry trades are acting accordingly (thank God!)
  • #1,392
  • Jan 2, 2008 8:13am Jan 2, 2008 8:13am
Happy 2008! Sorry I am late, Looks like all that holiday cheer is over and the bears want a mid winter snack.
NEW SYSTEM COMING SOON!!!!?
Just Trade It
  • #1,393
  • Jan 2, 2008 8:14am Jan 2, 2008 8:14am
At least 216 today. At least.
Patience + Humility + Study = Success
  • #1,394
  • Jan 2, 2008 8:15am Jan 2, 2008 8:15am
Quoting Big Wave Rider
Happy 2008! Sorry I am late, Looks like all that holiday cheer is over and the bears want a mid winter snack.
NEW SYSTEM COMING SOON!!!!?
Hey BWR, how you doin? Not even going to ask how was your holiday because there are kids visiting the thread once and while. We don't want them traumatized, do we?

I heard there are people that don't leave the electric chair to spend a weekend with you in those beaches and islands and parties, you know.

  • #1,395
  • Jan 2, 2008 8:26am Jan 2, 2008 8:26am
Quoting cesarnc
Hey BWR, how you doin? Not even going to ask how was your holiday because there are kids visiting the thread once and while. We don't want them traumatized, do we?

I heard there are people that don't leave the electric chair to spend a weekend with you in those beaches and islands and parties, you know.


I was actually snowboarding in the alps, had a great time with great weather and great wine and apres ski partys, but the party is over for now and it's back to buisness.
Just Trade It
  • #1,396
  • Jan 2, 2008 8:28am Jan 2, 2008 8:28am
"Factories, Financials Spoil New Year"
-CNBC

That's the beauty of forex. It's very good if it's very good. It's very good if it's very bad
  • #1,397
  • Jan 2, 2008 8:29am Jan 2, 2008 8:29am
521 pips range on GJ today... too bad i only got 100 pips.. but still thankful for it..
  • #1,398
  • Jan 2, 2008 8:31am Jan 2, 2008 8:31am
The next resistance on the weekly and monthly fibs that I see is at around 205.xx since we have broken the 219-220 barrier.

What are you inputs gentleman???


Also making some nice pips on the currency futures and commodities.
Humble Lifetime Member
  • #1,399
  • Jan 2, 2008 8:37am Jan 2, 2008 8:37am
Quoting Ash
The next resistance on the weekly and monthly fibs that I see is at around 205.xx since we have broken the 219-220 barrier.

What are you inputs gentleman???


Also making some nice pips on the currency futures and commodities.
UJ is at a critical area. Losing 109 hurdle and parachutes won't hold it anymore.
  • #1,400
  • Jan 2, 2008 8:40am Jan 2, 2008 8:40am
Quoting Ash
The next resistance on the weekly and monthly fibs that I see is at around 205.xx since we have broken the 219-220 barrier.

What are you inputs gentleman???


Also making some nice pips on the currency futures and commodities.
Well.. correct me if im wrong.. If we calculate the head n shoulder pattern on GJ.. from the top (Head) at 251.07 to the neckline around 221.05. Then shouldnt the target of this movement will go into 191.0x?? If that happens.. its gonna be massive pips to come..
On the short term.. i think 213.xx will try to hold first before we enter sub 210.xx
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