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Cesarnc's market talk, gossips, rumours & fun

  • #1,641
  • Jan 4, 2008 8:40am Jan 4, 2008 8:40am
Quoting Ash
It should have been depression. Unemployment jumped .2% to 5%. What happened? They fired all the Santa's, Elves and Reindeer's before the NFP report?

Just Trade It
  • #1,642
  • Jan 4, 2008 8:40am Jan 4, 2008 8:40am
I remember saying that GJ will hold the rank around 213.xx before 205.xx but I really dont expect it to hold TWICE. Its just some f$%^&* horizontal brakes.
  • #1,643
  • Jan 4, 2008 8:43am Jan 4, 2008 8:43am
Quoting dd33
I remember saying that GJ will hold the rank around 213.xx before 205.xx but I really dont expect it to hold TWICE. Its just some f$%^&* horizontal brakes.
Or may be im the one missing something here??
  • #1,644
  • Jan 4, 2008 8:43am Jan 4, 2008 8:43am
Quoting Ash
It should have been depression. Unemployment jumped .2% to 5%. What happened? They fired all the Santa's, Elves and Reindeer's before the NFP report?
All these were too bad news. Question now is "what's next". Way too bad econ. data have spurred Fed, Bush and Paulson to take measures. From empty "blahs" to billion dollars pumping to rate cuts.

Let's see where the market is placing the chips from now on...

Overall these are too bad news to bet in the dollar for the mid term (weeks / months).
  • #1,645
  • Jan 4, 2008 8:47am Jan 4, 2008 8:47am
Bulls scramble to find a shelter

This is 1min DJ today

Look at the GAPS!!!
Attached Image
  • #1,646
  • Jan 4, 2008 8:55am Jan 4, 2008 8:55am
cesar,

There's youre Eur/Usd pullback
Patience + Humility + Study = Success
  • #1,647
  • Jan 4, 2008 9:02am Jan 4, 2008 9:02am
Quoting DutchTrader
cesar,

There's youre Eur/Usd pullback
I added what I had to add. Will consider adding on Monday or Tuesday on crack of this week's high (so far 4825)

The weekly candle has turned bullish now but there is still the risk of an ABC formation (4967 / 4310 / 4825(so far)) that's bearish targeting 4200 to 4000 if triggered.
  • #1,648
  • Jan 4, 2008 9:03am Jan 4, 2008 9:03am
GJ found a bottom, better than expected data. Hmm..
Patience + Humility + Study = Success
  • #1,649
  • Jan 4, 2008 9:06am Jan 4, 2008 9:06am
Oil dropping, speculating that the U.S will go into recession and consume less oil, now at 97.
Just Trade It
  • #1,650
  • Jan 4, 2008 9:06am Jan 4, 2008 9:06am
Quoting cesarnc
I added what I had to add. Will consider adding on Monday or Tuesday on crack of this week's high (so far 4825)

The weekly candle has turned bullish now but there is still the risk of an ABC formation (4967 / 4310 / 4825(so far)) that's bearish targeting 4200 to 4000 if triggered.
I think we're going to see a high before the low, just my .02

FWIW check the GJ testing the bottom again.
Patience + Humility + Study = Success
  • #1,651
  • Jan 4, 2008 9:13am Jan 4, 2008 9:13am
THANK YOU CANADA
Just Trade It
  • #1,652
  • Jan 4, 2008 9:18am Jan 4, 2008 9:18am
Quoting Big Wave Rider
Oil dropping, speculating that the U.S will go into recession and consume less oil, now at 97.
Yeah, but doesn't alchohol comsumption go up while in a state of depression? Oh sorry, I meant recession.
Humble Lifetime Member
  • #1,653
  • Jan 4, 2008 9:19am Jan 4, 2008 9:19am
Quoting Big Wave Rider
THANK YOU CANADA
I was about to post about the CJ
Patience + Humility + Study = Success
  • #1,654
  • Jan 4, 2008 9:25am Jan 4, 2008 9:25am
Quoting DutchTrader
I was about to post about the CJ
You guys don't look ad CAD/CHF ?

I'm still in with stop loss that nets over 100 pips and I don't have to pay as much in roll over as with JPY.
  • #1,655
  • Jan 4, 2008 9:26am Jan 4, 2008 9:26am
Quoting Big Wave Rider
Oil dropping, speculating that the U.S will go into recession and consume less oil, now at 97.
It's just profit taking and people trying to screw up that fellow that bought 1,000 barrels at $100

  • #1,656
  • Jan 4, 2008 9:30am Jan 4, 2008 9:30am
Quoting branco
You guys don't look ad CAD/CHF ?

I'm still in with stop loss that nets over 100 pips and I don't have to pay as much in roll over as with JPY.
I haven't looked at it, can you elaborate?
Patience + Humility + Study = Success
  • #1,657
  • Jan 4, 2008 9:34am Jan 4, 2008 9:34am
Quoting branco
You guys don't look ad CAD/CHF ?

I'm still in with stop loss that nets over 100 pips and I don't have to pay as much in roll over as with JPY.
Thanks for the heads up, I'll add it to my list of currencies to watch. Had anyone been watching and taken GBP/CHF on 12/27, they would have over a 1000 pips. I am currently up by 1022 pips in just GBP/CHF alone, never mind my other positions.
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  • #1,658
  • Jan 4, 2008 9:34am Jan 4, 2008 9:34am
Quoting DutchTrader
I haven't looked at it, can you elaborate?
Well, CHF is also a "refuge" currency like JPY but it has bigger interest rate. Roll over on short positions (at my broker) isn't even 1 pip while I would pay 3 pips to short JPY.

As for breaking... a picture is worth a thousand words (shame I didn't keep my short at 1.14)
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  • #1,659
  • Jan 4, 2008 9:38am Jan 4, 2008 9:38am
Quoting branco
Well, CHF is also a "refuge" currency like JPY but it has bigger interest rate. Roll over on short positions (at my broker) isn't even 1 pip while I would pay 3 pips to short JPY.

As for breaking... a picture is worth a thousand words (shame I didn't keep my short at 1.14)
Is that a USD/CHF chart?
Patience + Humility + Study = Success
  • #1,660
  • Jan 4, 2008 9:39am Jan 4, 2008 9:39am
Quoting branco
Well, CHF is also a "refuge" currency like JPY but it has bigger interest rate. Roll over on short positions (at my broker) isn't even 1 pip while I would pay 3 pips to short JPY.

As for breaking... a picture is worth a thousand words (shame I didn't keep my short at 1.14)
I don't know what is this timeframe, but this bounce off 50% fib is huge deal! In my opinion it's worth running the trade some more to check how it's going to trade the previous bottom.

In time, I don't trade any of those currencies. I'm just blabbing on the chart and technicals.
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