Cesarnc's market talk, gossips, rumours & fun

Lol Cesarnc - if your desktop is overheating, I pity your laptop.

When I lived in the Caribbean I used to place ice packs under my laptop - a couple of times I even put the whole thing in the refrigerator!

LOL. Irony is that it has been pretty "cold" days here in the last few days (23oC, which is way below average this time of the year).

It's is just the part's lifetime expiring in this case...

Now for you guys living in those freaking freezing areas of the globe, my fridge's temperature is just an ordinary day.

"Opportunity is a hairless woman. If she goes past you, you can no longer pull her by the hair..."

This weekend I was offered a $500 large sales clothing company for $500 large, It's fixed assets total $500 large (which makes is one HELL of a deal) and the owner, a 60 yo nice woman is sick and tired, wants to enjoy life with her husband, - now here this - and the 3 daughters and 1 son just don't give a shit about the company, preferring to go on working as employees somewhere else...

The search for $500 large, begins

Wish me luck

Something interesting I just got in the mail
http://www.forexfactory.com/images/icons/icon10.gif
China's $119 Billion in Bank ‘Irregularities’

China’s bank regulators are busy drawing up new regulations on the heels of $119 billion in unspecified banking "irregularities”, an amount that would make even the most troubled U.S. bank blush and far outstrips the $7.1 billion blown by a French trader this week.
"We must strengthen our regulatory capacity and nip these risks in the bud,” Chinese bank regulator Liu Minkang noted on the agency’s Web site.
The total amount of irregularities found equals almost three times the profits of the country’s top five state-owned banks. However, regulators say they found fewer problems this time than they did a year ago.
Regulators’ findings triggered removals from office of 117 bank managers and fines levied against 12,687 people following investigations.

The Shanghai Daily reported that regulators found a total of 445 cases of irregularities at the 79,200 banks, bank branches and sub-branches they examined—down 58.4 percent from the total reported a year ago.
China must set up a standardized system to punish and fine perpetrators, making the costs of committing wrongdoings higher than the potential gains, Minkang wrote.
According to news.xinhuanet.com, the amount of money involved in the irregularities at Industrial & Commercial Bank of China Ltd., Bank of China Ltd. and the country's other three State-owned banks is down by 69 percent over last year.
Also on a more positive note, combined profits for Chinese banks rose to 298.7 billion yuan at the end of 2007, up from 36.4 billion yuan in 2002.

Bloomberg reported that ICBC, the world's biggest bank by market value, Bank of China, China Construction Bank Corp. and Bank of Communications Co. had average returns of 1.1 percent on their assets last year, while their mean non-performing loan ratio stood at 2.87 percent.
At the end of 2007, five Chinese banks had control or hold stakes in overseas financial players and seven had 60 overseas outlets with overseas assets of more than $167.4 billion.
Domestic banks, including their investments and branches abroad, had a total of $267.4 billion in overseas assets at the end of last year.
Twenty-one overseas banks — including HSBC, Citibank, BEA, Standard Chartered Bank, OCBC, Deutsche Bank and Hang Seng Bank — have been incorporated in China and are seeking unlimited retail yuan services.

and the french are making sach a big fuss about 7 miserable bill. ?http://www.forexfactory.com/images/icons/icon10.gif

It was taking too long for somebody to pop in with THIS avatar LOL...

The guy is already a legend..

Learned that he was hold in custody today, by the police. Let's see the upcoming news...

Evil Kerviel

https://www.commodities.sgcib.com/

Chinese banking regulations are as strict as anti marijuana laws in Amsterdam "coffee shops"

Engulfing patterns on GU and EU (more convincing on GU) and a perfect top formed on GBPCHF. Shorted all of them an hour ago, and now thinking that with a 250 daily range on GU we could target 1.9650 comfortably. Anybody else short here? I'm betting cesar has GJ trades triggered already. Good luck.

i short at 1.9853, t/p 9650 i will exit half my postion at 9750. were on the same page

watch me shake and watch me roll.

ok 9750 broken, 1st t/p hit, now ima let it ride, goodnight/day to all.:

http://forexfactory.com/showthread.p...60#post1822960

Sorry how did you work out your GBP/US daily range? I'm using a 20 daily average indicator and I've got an average of 165pips. Even my 10 average is only 188pips for this pair.


cheers

I do it in a very unorthodox manner

To put it simply, I look at the past few days and I roughly measure the average amount of movement that 4 to 6 H4 bars can make in one direction. This gives me an indicator of how much can be moved in one day given current volatility conditions. While it may not be "technically" correct as a 24HR range, it does allow me to effectively gauge my TP levels, if I am not exiting manually. Remember that the whole purpose is to know how far you can expect your trade to go. Good luck.

SHONG!!! NOW

Which pair??

Morning all. Another -4% day in Tokyo helped my EA to go in and out for +100 in 2 hours, gotta love the panic...

From Societe, Kerviel was not so bad. His loss was only 10% of the U$73 BILLION positions he built.

" Kerviel, 31, who is being questioned by France's financial police for a third day, took advantage of the bank's practice of checking only net trading positions rather than gross bets to conceal his subterfuge with phony hedges, Paris-based Societe Generale said yesterday. The trading loss of 4.9 billion euros was the biggest in banking history."

It's unbelievable.