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Walk the Talk from a fun loving discretionary trader 46 replies

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Cesarnc's market talk, gossips, rumours & fun

  • #2,001
  • Jan 8, 2008 2:25am Jan 8, 2008 2:25am
Mine no trade so far for today. Got left by the train on GJ.
Waiting to buy on pullback..
  • #2,002
  • Jan 8, 2008 2:43am Jan 8, 2008 2:43am
Quoting Big Wave Rider
I hate when markets range, false signals, negative pips FU*"*&ç*%K


So how is your day?
One of my strategies was run over at 215.28 and disappeared. It reappeared at 216.28.

The other still running. But GU has to crack the 9850 area and I don't know if it has the steam to do it.

UJ still that lazy pig at mid 109s, but as there is this rumour/news/gossip that big sharks are dumping yen this week (to chase higher yields), I think Uj might have put a mid term bottom already.
  • #2,003
  • Jan 8, 2008 2:54am Jan 8, 2008 2:54am
Quoting cesarnc
One of my strategies was run over at 215.28 and disappeared. It reappeared at 216.28.

The other still running. But GU has to crack the 9850 area and I don't know if it has the steam to do it.

UJ still that lazy pig at mid 109s, but as there is this rumour/news/gossip that big sharks are dumping yen this week (to chase higher yields), I think Uj might have put a mid term bottom already.

Buy the rumor, sell the news
Just Trade It
  • #2,004
  • Jan 8, 2008 3:24am Jan 8, 2008 3:24am
Traders seen licking their wounds somewhere out there in the forum...

After the "news coming!! SELL SELL SELL!!!" - "OOPS, News out!!! BUY BUY BUUUUUUUUYYYYY!!!"



Some call it "trading style". I call it "horse betting". Been there seen that, paid the bill.
  • #2,005
  • Edited 3:42am Jan 8, 2008 3:29am | Edited 3:42am
European markets moved into the green Tuesday, helped by a positive close on Wall Street on hopes that the Federal Reserve will cut interest rates at its meeting at the end of the month.

Basic resource stocks and industrial goods and services companies were the strongest performers.

"The market is torn between two factors: fears of a U.S. recession on both the earnings and the macroeconomic fronts, and hopes that the Fed will cut rates aggressively. The latter factor could underpin the market," said Franz Wenzel, strategist at AXA Investment Managers, in Paris.

Markets could be stuck in a trading range ahead of rate decisions from the European Central Bank and the Bank of England on Thursday. But politics could add some trading energy as French President Nicolas Sarkozy addresses the nation at 9 am London time, outlining his strategy for 2008 (Yeah, so far "his strategy" -> marry a supermodel )

And UK Prime Minister Gordon Brown will give his monthly press conference at noon London time - possibly a mover ahead of the statement
  • #2,006
  • Jan 8, 2008 4:14am Jan 8, 2008 4:14am
Freaking market is on fire. Where's everybody?

http://i2.photobucket.com/albums/y28/cesarnc/jolie4.jpg
  • #2,007
  • Jan 8, 2008 4:18am Jan 8, 2008 4:18am
Quoting cesarnc
Freaking market is on fire. Where's everybody?

http://i2.photobucket.com/albums/y28/cesarnc/jolie4.jpg
GJ seems like out of steam.. waiting for pullback atm..
  • #2,008
  • Jan 8, 2008 4:31am Jan 8, 2008 4:31am
Quoting dd33
GJ seems like out of steam.. waiting for pullback atm..
I'm waiting for this dreaded UJ to decide. GJ had a nice move up via strong UK news. All I need now is UJ cracking this 23% fibo level that looks like a damn WALL.

Good new is Dow has put a pinbar in the daily yesterday, failing off the 10% off highs. Keen to a rebound today. But let's see if buyers show up.
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  • #2,009
  • Jan 8, 2008 4:51am Jan 8, 2008 4:51am
UJ has Pivot Resistance AND Fib Level at 1.0977 ... just shorted it at 1.0965... i don't see strength to break that unless the news after lunch are really pro-USD
  • #2,010
  • Jan 8, 2008 5:16am Jan 8, 2008 5:16am
Quoting cesarnc
I'm waiting for this dreaded UJ to decide. GJ had a nice move up via strong UK news. All I need now is UJ cracking this 23% fibo level that looks like a damn WALL.

Good new is Dow has put a pinbar in the daily yesterday, failing off the 10% off highs. Keen to a rebound today. But let's see if buyers show up.
UJ is a stubborn *&%$. Cable Doesn't know what it wants to do. If the BOE cuts rates tomorrow, I'll let my shorts ride to hell (or just stop at the gates ). Good thing I turned to trading on daily TF's, don't need the stress of intra-day. As far as the dow is concerned, imvho, I think we'll be ranging until the market see's some good economic news (yeah right, hell will probably freeze over before that happens) and or the FED gives free money away.

http://z.about.com/d/politicalhumor/...e_rate_cut.jpg
Humble Lifetime Member
  • #2,011
  • Jan 8, 2008 5:32am Jan 8, 2008 5:32am
Quoting Ash

http://z.about.com/d/politicalhumor/...e_rate_cut.jpg
lol
  • #2,012
  • Jan 8, 2008 5:54am Jan 8, 2008 5:54am
Good day all.......

Another one of those undecided days........

At least come Thursday we should have some kind of direction.

In the meantime, keep the jokes coming.....

Did anyone find out about the "infractions" for future reference???

HOLLA
  • #2,013
  • Jan 8, 2008 6:08am Jan 8, 2008 6:08am
Pinbar alert for cable on H4. New entries for me are GBPCHF and cable shorts. And Ash, that is some seriously funny stuff - where do you guys find these comics? first person to say google will be shot.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #2,014
  • Jan 8, 2008 6:11am Jan 8, 2008 6:11am
Quoting Plutonite
Pinbar alert for cable on H4. New entries for me are GBPCHF and cable shorts. And Ash, that is some seriously funny stuff - where do you guys find these comics? first person to say google will be shot.
H4 PB also on USD/JPY ... watch out for a break of 109.30 (pretty please Mr. Market?)
  • #2,015
  • Jan 8, 2008 6:14am Jan 8, 2008 6:14am
Does anybody know if Yen was declared "extinct currency" or something?
  • #2,016
  • Jan 8, 2008 6:24am Jan 8, 2008 6:24am
Dow Futures +40 with housing data looming. Depending on the outcome, this could be one of those tornado days in the stock market, carry trades
  • #2,017
  • Jan 8, 2008 6:27am Jan 8, 2008 6:27am
Quoting cesarnc
Dow Futures +40 with housing data looming. Depending on the outcome, this could be one of those tornado days in the stock market, carry trades
Guessing this is "since we expect housing to be sucky FED will have to cut" ... so DOW up and USD down?
  • #2,018
  • Jan 8, 2008 6:48am Jan 8, 2008 6:48am
Quoting branco
Guessing this is "since we expect housing to be sucky FED will have to cut" ... so DOW up and USD down?
In cases like this - as I'm trading GJ only - I prefer seeing what is Dow doing and the headlines on why it's doing this and that and then make up my mind.

The core discussions right now are:

- whether or not dow has the worst case scenario already priced in (excl. recession)
- whether or not the last data indicate recession in place (last time recession was detected 8 months after installed) LOLLLL
- whether or not this 10% discount off the highs is a fair price to go in. There are stocks already 20% off highs. Sharks like round figures like these.
- % of 25bp and 50bp bets

So this is not a "check data, place the trade" situation.
  • #2,019
  • Jan 8, 2008 6:56am Jan 8, 2008 6:56am
Quoting cesarnc
In cases like this - as I'm trading GJ only - I prefer seeing what is Dow doing and the headlines on why it's doing this and that and then make up my mind.
BTW, by "make up my mind" I mean whether or not I take profit in the trades my systems got me in, if they are in profit.

Not going yahooo in the first pair that start moving.
  • #2,020
  • Jan 8, 2008 6:58am Jan 8, 2008 6:58am
The market's so jittery, excellent Aud data and nary a reaction on AJ and AU imvho. Usually the market jumps on those pairs and drives them to the sky on good data.
Patience + Humility + Study = Success
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