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Cesarnc's market talk, gossips, rumours & fun

  • #7,441
  • Apr 8, 2008 5:21am Apr 8, 2008 5:21am
Thanks guys for your input! I'll take my profits as they come along as this market is just too shitty to be trading on higher TF's unless opportunity comes knocking / begging on my doorstep.
Humble Lifetime Member
  • #7,442
  • Apr 8, 2008 5:24am Apr 8, 2008 5:24am
Quoting MPP
sounds good, we all need a break - i think Ash said last week he was thinking of only working a 4 day week.
It's working nice to me. Out of the market for a long time and no regrets so far.

My health was getting hammered every 6 am here when I was opening MT4 with the feeling that I would find GJ 400 pips against my trade, whatever the direction. Boy, that 5 sec must have costed me some 5 years lifespan

I'm using the 12.7K in dow as the gauge to get back to the market. It was a big time level on the way down and can't be cracked back up.

Market is expecting poor earnings reports, but if they come good, this could provide the necessary push above 12.7 - 12.8K.

Also GJ can't get above the 50 days EMA. Last time was in Oct 2007. It's also below the fast 9 Weeks EMA, which shows the lack of strengh of the upside.

I'm still waiting a good entry to go long and forget on GJ.
  • #7,443
  • Apr 8, 2008 5:27am Apr 8, 2008 5:27am
April 8 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the drop in U.S. home prices will probably end ``well before'' early next year as the number of houses on the market diminishes, aiding an economic rebound.

WTF is "Well before early next year"? November 2008?
  • #7,444
  • Apr 8, 2008 5:39am Apr 8, 2008 5:39am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
It's working nice to me. Out of the market for a long time and no regrets so far.

My health was getting hammered every 6 am here when I was opening MT4 with the feeling that I would find GJ 400 pips against my trade, whatever the direction. Boy, that 5 sec must have costed me some 5 years lifespan

I'm using the 12.7K in dow as the gauge to get back to the market. It was a big time level on the way down and can't be cracked back up.

Market is expecting poor earnings reports, but if they come good, this could provide the necessary push above 12.7 - 12.8K.

Also GJ can't get above the 50 days EMA. Last time was in Oct 2007. It's also below the fast 9 Weeks EMA, which shows the lack of strengh of the upside.

I'm still waiting a good entry to go long and forget on GJ.
I think Long on GJ might have had it's day, if the uk keeps cutting rates then there's no investment for the pair Try looking at Aj, Aussies interest keeps going up so for me this will most likely replace GJ for the next year or 2. Just my view
  • #7,445
  • Apr 8, 2008 5:44am Apr 8, 2008 5:44am
Quoting MPP
I think Long on GJ might have had it's day, if the uk keeps cutting rates then there's no investment for the pair Try looking at Aj, Aussies interest keeps going up so for me this will most likely replace GJ for the next year or 2. Just my view
I agree but don't overlook the NZD $. They have been quite for a while but I see / read about good things happening in the coming months.
Humble Lifetime Member
  • #7,446
  • Apr 8, 2008 5:50am Apr 8, 2008 5:50am
Quoting Ash
I agree but don't overlook the NZD $. They have been quite for a while but I see / read about good things happening in the coming months.
Good things? Their economy is in the SHIT. I'm with MPP, I'd go AJ
Patience + Humility + Study = Success
  • #7,447
  • Apr 8, 2008 6:00am Apr 8, 2008 6:00am
Quoting Big Wave Rider
I have been cutting back my trading time. Thats why I haven't been here much. Actually I have not traded at all since last week. Sometimes you just need a break. Think I will continue this break until all the craziness is finished (this could be a long break) If I see a good set up on the daily I'll take it but I just got tired of chasing pips on the 1hr and sometimes the 15 min charts. I'll still be around from time to time but not as much anymore. I need time away from staring at charts.
I'm with you, shits crazy.
Patience + Humility + Study = Success
  • #7,448
  • Apr 8, 2008 6:09am Apr 8, 2008 6:09am
Quoting DutchTrader
Good things? Their economy is in the SHIT. I'm with MPP, I'd go AJ
Shit is a commodity in NZ. Don't believe me, do some research. In the coming months, I'll post my analysis as we go along. I could be wrong but I am pretty humble on this one.

Disclaimer: Do not take my postings as trade calls. Do your own research and analysis.
Humble Lifetime Member
  • #7,449
  • Apr 8, 2008 6:12am Apr 8, 2008 6:12am
Good thing didn't close my GU Short. Let's see what happens.
Humble Lifetime Member
  • #7,450
  • Edited 6:15am Apr 8, 2008 6:15am | Edited 6:15am
NZ is a commodity producing country. Everyone needs to eat. They have an abundance of it. Their commodities are sold in the US, Asia, Middle East, etc.
Humble Lifetime Member
  • #7,451
  • Apr 8, 2008 6:19am Apr 8, 2008 6:19am
I know what NZ is doing commodity wise, but their Economy is in the crapper. I'm on their Central Bank mailing list but seriously if that's your play, good luck you know your game.
Patience + Humility + Study = Success
  • #7,452
  • Apr 8, 2008 6:24am Apr 8, 2008 6:24am
Quoting DutchTrader
I know what NZ is doing commodity wise, but their Economy is in the crapper. I'm on their Central Bank mailing list but seriously if that's your play, good luck you know your game.
Like I said, I could be wrong but I am pretty humble about this one as this is long term, over the next year or so.
Humble Lifetime Member
  • #7,453
  • Apr 8, 2008 6:28am Apr 8, 2008 6:28am
Quoting DutchTrader
I know what NZ is doing commodity wise, but their Economy is in the crapper. I'm on their Central Bank mailing list but seriously if that's your play, good luck you know your game.
I dont know man, every time I try to short aussie or similar, I get kicked in the groin by a kangaroo, seems like. I'm stanging in front of the chart covering my groin you know. Are you sure you're on the right mailing list
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #7,454
  • Apr 8, 2008 6:32am Apr 8, 2008 6:32am
Quoting Plutonite
I dont know man, every time I try to short aussie or similar, I get kicked in the groin by a kangaroo, seems like. I'm stanging in front of the chart covering my groin you know. Are you sure you're on the right mailing list
Humble Lifetime Member
  • #7,455
  • Apr 8, 2008 6:37am Apr 8, 2008 6:37am
@Plutonite just an aside, there are no kangaroos on NZ now if you got head butted by a sheep then I'd have to be alarmed
Patience + Humility + Study = Success
  • #7,456
  • Apr 8, 2008 7:08am Apr 8, 2008 7:08am
Quoting Plutonite
I dont know man, every time I try to short aussie or similar, I get kicked in the groin by a kangaroo, seems like. I'm stanging in front of the chart covering my groin you know. Are you sure you're on the right mailing list
  • #7,457
  • Apr 8, 2008 7:12am Apr 8, 2008 7:12am
http://in2worlds.net/images/83.jpg

Earnings season kicking in

U.S. stock index futures were lower on Tuesday after Alcoa opened the earnings season with a fall in profit and AMD said it would slash 10 percent of its workforce.

Analysts' expectations for earnings have worsened. Profits for the Standard & Poor's 500 companies are now expected to be down 12.6 percent from a year ago, according to Thomson Financial. That compares with a 9.9 percent drop expected just last week and a 1.6 percent decline forecast a month ago.
  • #7,458
  • Apr 8, 2008 7:20am Apr 8, 2008 7:20am
Quoting Big Wave Rider
I have been cutting back my trading time. Thats why I haven't been here much. Actually I have not traded at all since last week. Sometimes you just need a break. Think I will continue this break until all the craziness is finished (this could be a long break) If I see a good set up on the daily I'll take it but I just got tired of chasing pips on the 1hr and sometimes the 15 min charts. I'll still be around from time to time but not as much anymore. I need time away from staring at charts.
I hear ya BWR.....I know I had went a good year before taking a break over Easter. Started cutting back some and taking care of other business. Check in now and then, but don't stare at the charts so much...since the only go up and down everyday........

HOLLA
  • #7,459
  • Apr 8, 2008 7:34am Apr 8, 2008 7:34am
People are strange, why is it so difficult to understand that one must be nimble in these markets?
Patience + Humility + Study = Success
  • #7,460
  • Apr 8, 2008 7:52am Apr 8, 2008 7:52am
Quoting DutchTrader
People are strange, why is it so difficult to understand that one must be nimble in these markets?
That's easy to understand. That's why I'm out of the market. To be "nimble" you're forced to act like the dog racing around to reach its own tail. :

(A.K.A. breakeven after feeding your broker nice pips)

Like.... this dog is nimble

http://my.break.com/content/view.aspx?ContentID=445403
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