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Cesarnc's market talk, gossips, rumours & fun

  • #10,961
  • Aug 24, 2008 9:05pm Aug 24, 2008 9:05pm
Bounce ? Yeah a Dead Cat Bounce.

PETA will get me for this but that is my favorite kind of bounce.
  • #10,962
  • Aug 24, 2008 9:15pm Aug 24, 2008 9:15pm
Quoting Ash
There was a guy on some thread that wanted to go long on Friday afternoon saying that there would be a bounce.

I wonder what happened to all the cable and euro longs?
Doesn't make sense....monthly candle is HUGE and closed at the lowest point in 2 years and you want to go long....

Glad I'm not trying to move a freight train.

The party continues........

HOLLA
  • #10,963
  • Aug 24, 2008 9:16pm Aug 24, 2008 9:16pm
Quoting SunTrader
Bounce ? Yeah a Dead Cat Bounce.

PETA will get me for this but that is my favorite kind of bounce.


HOLLA
  • #10,964
  • Aug 24, 2008 9:24pm Aug 24, 2008 9:24pm
I'm planning to take a GBP/USD long too from these levels,and a long GBP/JPY from the 202.4 level if it gets there...
Boyy,trap money,like bear hunters.
  • #10,965
  • Aug 24, 2008 9:30pm Aug 24, 2008 9:30pm
UJ needs to break thru 110.65 to retrace the 61.8 off the move down from 124.
Patience + Humility + Study = Success
  • #10,966
  • Aug 24, 2008 9:40pm Aug 24, 2008 9:40pm
Quoting Merc
I'm planning to take a GBP/USD long too from these levels,and a long GBP/JPY from the 202.4 level if it gets there...
Good luck trading against the trend. Thats the hard way.
  • #10,967
  • Aug 24, 2008 9:41pm Aug 24, 2008 9:41pm
Quoting SunTrader
Good luck trading against the trend. Thats the hard way.
Yeah but it makes you cool. Sorta like the hipster trend
Patience + Humility + Study = Success
  • #10,968
  • Aug 24, 2008 9:45pm Aug 24, 2008 9:45pm
Especially that GBPJPY one, woooo!! Ugleeee.
  • #10,969
  • Aug 24, 2008 11:29pm Aug 24, 2008 11:29pm
looks pretty to me!soo funny,seeing the same chart,but our minds think totally the opposite!
Stunned,astounded,amazed,dazed and confused.
Holding long GBP/USD,for 300 pips!
GBP/JPY,almost at 202.4,lets do iiit 209,209 maybe even a 213!!On that grind everyday!
Boyy,trap money,like bear hunters.
  • #10,970
  • Aug 24, 2008 11:41pm Aug 24, 2008 11:41pm
Quoting Merc
looks pretty to me!soo funny,seeing the same chart,but our minds think totally the opposite!
Stunned,astounded,amazed,dazed and confused.
Holding long GBP/USD,for 300 pips!
GBP/JPY,almost at 202.4,lets do iiit 209,209 maybe even a 213!!On that grind everyday!
He could be right. But really why is more important to me than if you're correct. Can you post why you think a long is the best play here? I always look for a different point of view because in the long run it helps me. I would appreciate it, if your time permits, and I'm sure everyone else here would too.
  • #10,971
  • Aug 24, 2008 11:59pm Aug 24, 2008 11:59pm
No problem,but my approach is very unusual,for traders,
to accept it I guess.
Last thursday we had quite an intraday range,
I put my 100fib at top of thursday's price,
0 fib at bottomORANGE fib lines,
then you see friday it went up to near the 100 fib again
after that touched the 38.2 fib and up again to near the 100fib.friday before close it was bumping up and down between the 75 and 61.8 fib,23.6 fib at 202.4 still not touched yet,and w/ a set up like this it usually does,so aiming for going down to 202.4,and if my fib hold the 23.6 and goes up again,it should easily go up to 161.8 fib or 200 fib at 206.4 and 207.6,but on my daily chart(posted somewhere on Auslanco thread)I have an important 200 fib on the Daily chart which is at 209.5,
but 209 will do for me more than enough profit IF it gets there,the blue and red MA line is USD/JPY and GBP/USD price,just found an overlay MA indicator,on FF,and testing it.You'll also see QQE 60 on the 15 min almost in oversold territory below 30,so we have a chance going up big time,but maybe after MM see my post they will change set up dramatically and make GBP/JPY bear LOL,
Hope you understand me a bit now..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpywingstrading234.gif Size: 45 KB
Boyy,trap money,like bear hunters.
  • #10,972
  • Aug 25, 2008 12:05am Aug 25, 2008 12:05am
Merc,

Totally understand where you are coming from, AND I think its a rational and legitimate play of the current price action. Personally another point you could look at for the reversal might be 201.70, your 100% but that's up to you. Good luck buddy.
  • #10,973
  • Aug 25, 2008 12:14am Aug 25, 2008 12:14am
Donadoney,

My 0 percent you mean,that would be like a double bottom.
On the 15 min chart.but the 23.6 could be strong enough to hold we'll see,it could totally go bust as well,
but hey that's trading.Good luck to you too homey.
Boyy,trap money,like bear hunters.
  • #10,974
  • Aug 25, 2008 12:17am Aug 25, 2008 12:17am
Somebody noticed on my chart the red overlay MA GBP/USD is listening to the orange fibs I drew on my GBP/JPY chart,
This is really mysterious,more investigating needed..
Boyy,trap money,like bear hunters.
  • #10,975
  • Aug 25, 2008 12:24am Aug 25, 2008 12:24am
Merc where are you from?
Patience + Humility + Study = Success
  • #10,976
  • Aug 25, 2008 12:36am Aug 25, 2008 12:36am
From Holland!I'm half dutch,half something else,
I see you are dutch too,a real dutch or an american dutchie?
Nice to have dutchies on FF!
Boyy,trap money,like bear hunters.
  • #10,977
  • Aug 25, 2008 4:05am Aug 25, 2008 4:05am
morning all!ok, dancing bear has been blocked. no partying whatsoever until we see the dow crash
  • #10,978
  • Aug 25, 2008 5:21am Aug 25, 2008 5:21am
Quoting Turtle
Like I said on Friday.........


I think they better like go......

Get to sleep in tomorrow, got my runner still flowing on the down stroke from Friday.

So you know what that means.....

Where my drink BWR???

HOLLA

Sorry, I already drank it all.
Not to be confused with fukitol which is a completely different drug than drinkitol and smokeitol. But if neither of these drugs is right for you than try snortaline.tm to make you feel better.
Just Trade It
  • #10,979
  • Aug 25, 2008 5:23am Aug 25, 2008 5:23am
Quoting Big Wave Rider
Sorry, I already drank it all.
Not to be confused with fukitol which is a completely different drug than drinkitol and smokeitol. But if neither of these drugs is right for you than try snortaline.tm to make you feel better.
I feel much safer when surrounded by real experts
  • #10,980
  • Aug 25, 2008 5:27am Aug 25, 2008 5:27am
Quoting ukvipersden
morning all!ok, dancing bear has been blocked. no partying whatsoever until we see the dow crash

Sorry but the party got bigger

http://www.xcomment.com/g1/img/funny...2007065552.gif


Do the alligator, Do the alligator
It's your birthday, It's your birthday
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