Cesarnc's market talk, gossips, rumours & fun | Page 1114 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Walk the Talk from a fun loving discretionary trader 46 replies

You talk the talk I walk the talk 8 replies

Attachments: Cesarnc's market talk, gossips, rumours & fun
Exit Attachments

Cesarnc's market talk, gossips, rumours & fun

  • #22,261
  • Nov 13, 2011 1:08pm Nov 13, 2011 1:08pm
Something I'm seeing with SPX. Looks like an inverted HS is starting to form. From a break of this small triangle, a test of the neckline is possible, a break there would send everything risk much higher. A failure would form a right shoulder test, of which a break to the downside would be strong. A failure there would call for a test of the neckline again. I suspect the fed is already printing and has been, so medium term I see things heading higher.
Attached Image (click to enlarge)
Click to Enlarge Name: SPY.jpg Size: 110 KB
  • #22,262
  • Nov 13, 2011 1:18pm Nov 13, 2011 1:18pm
I see the same thing with oil. A clear megaphone pattern has formed, and these always end with collapses. All this warmongering by the US/Israel in the middle east and higher demand from asia/emerging, young economies certainly bode well for tighter supply increasing demand scenario. In the medium term, sustained oil above 110 will crush the US economy. Growth is not sustainable at those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 113 KB
  • #22,263
  • Nov 13, 2011 1:31pm Nov 13, 2011 1:31pm
gold chart speaks for itself. I dont trade gold, Im just accumulate physical to hedge against my currencies devaluation. I wouldnt even consider getting rid of gold until it trades below the 200dma. The devaluation will never stop as long as the fed still exists. The US has had great nominal growth in the last century due to devaluing its currency. We are now experiencing the beginning of the aftermath with a struggling central bank to keep the scheme going as long as they possibly can. As the currency becomes worth less and less, the economy will be less and less efficient and productive. Only one natural occurrence will change the current fiat scheme-depletion of oil.

China is now doing the same thing that the US did in the 70s. They are trying to sustain growth by devaluing their currency, but the stark difference with the china story is the fact that their national saving rate is nearly 50% of gdp. The chinese are not stupid, they are saving and buying gold to offset their currency devaluation. The US did not have this during devaluation, and that is why their economy is becoming less and less productive. The keynesian model that the US economy is based on is crumbling in slow motion.
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 113 KB
  • #22,264
  • Nov 13, 2011 3:17pm Nov 13, 2011 3:17pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Thomas Jefferson

Thomas Jefferson was a very remarkable man who started learning very early in life and never stopped.

At 5, began studying under his cousin's tutor.

At 9, studied Latin, Greek and French.

At 14, studied classical literature and additional languages.

At 16, entered the College of William and Mary.

At 19, studied Law for 5 years starting under George Wythe.

At 23, started his own law practice.

At 25, was elected to the Virginia House of Burgesses.

At 31, wrote the widely circulated "Summary View of the Rights of British America” and retired from his law practice.

At 32, was a Delegate to the Second Continental Congress.

At 33, wrote the Declaration of Independence.

At 33, took three years to revise Virginia’s legal code and wrote a Public Education bill and a statute for Religious Freedom.

At 36, was elected the second Governor of Virginia succeeding Patrick Henry.

At 40, served in Congress for two years.

At 41, was the American minister to France and negotiated commercial treaties with European nations along with Ben Franklin and John Adams.

At 46, served as the first Secretary of State under George Washington.

At 53, served as Vice President and was elected president of the American Philosophical Society.

At 55, drafted the Kentucky Resolutions and became the active head of Republican Party.

At 57, was elected the third president of the United States .

At 60, obtained the Louisiana Purchase doubling the nation's size.

At 61, was elected to a second term as President.

At 65, retired to Monticello .

At 80, helped President Monroe shape the Monroe Doctrine.

At 81, almost single-handedly created the University of Virginia and served as its first president.

At 83, died on the 50th anniversary of the Signing of the Declaration of Independence along with John Adams

Thomas Jefferson knew because he himself studied the previous failed attempts at government. He understood actual history, the nature of God, his laws and the nature of man. That happens to be way more than what most understand today. Jefferson really knew his stuff. A voice from the past to lead us in the future:

John F. Kennedy held a dinner in the white House for a group of the brightest minds in the nation at that time. He made this statement: "This is perhaps the assembly of the most intelligence ever to gather at one time in the White House with the exception of when Thomas Jefferson dined alone."







"When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe ." -- Thomas Jefferson

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
-- Thomas Jefferson

"It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world."
-- Thomas Jefferson

"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." -- Thomas Jefferson

"My reading of history convinces me that most bad government results from too much government." -- Thomas Jefferson

"No free man shall ever be debarred the use of arms." -- Thomas Jefferson

"The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government." -- Thomas Jefferson

"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." -- Thomas Jefferson

"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical."
-- Thomas Jefferson

Thomas Jefferson said in 1802:

"I believe that banking institutions are more dangerous to our liberties than standing armies.

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered."
  • #22,265
  • Nov 13, 2011 10:02pm Nov 13, 2011 10:02pm
Quoting mfoste1
already donated a couple weeks ago . And I have never donated to anything in my life....
good deal mfostel1 beleive me god is going to pay you seven fold, and what do you have to lose, if he comes along we win and if not he wil try next year.........so some day we will win......
The Chonchy
  • #22,266
  • Nov 13, 2011 10:15pm Nov 13, 2011 10:15pm
very nice analisis mfostel1 thanks a lot, I have being drinking all night and tomorrow I will show pictures but is realy nice analisis and thanks to post them in here, right now mosquitos are going into my net and tomorrow I will answer you, so sorry about this man but Zi realy mess it up in my aniversary..........I drink too much, sorry......
The Chonchy
  • #22,267
  • Nov 14, 2011 5:58am Nov 14, 2011 5:58am
Quoting chonchy
in deed you were right Smikester but I had to take the youngest to the dentist today, they had to remove two big what you may call that? the unwanted thees......so I left some small shorts and I added when I came back, a trip down to 3670 to the aqua EMA30 will get me out safe, and never again I go against the fxhermit tool, but I seriusly though it was going to cross that EMA100 today, oh well next week it will do it or it will hit the stop at 3800.......

Attachment

.......no stop hit at 3800, thanks god, and almost out of the water, it hit TP1 and TP2 I need TP3 and TP4..........

Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf.gif Size: 22 KB
The Chonchy
  • #22,268
  • Nov 14, 2011 6:16am Nov 14, 2011 6:16am
Quoting chonchy
.......no stop hit at 3800, thanks god, and almost out of the water, it hit TP1 and TP2 I need TP3 and TP4..........

Attachment
How is it going, my good man? hope the everything and the family had a good weekend.

May you make back more this week more than you lost last week.
  • #22,269
  • Nov 14, 2011 6:19am Nov 14, 2011 6:19am
Quoting dddd
How is it going, my good man? hope the everything and the family had a good weekend.

May you make back more this week more than you lost last week.
same to you 4d's, thanks

.....no so far so good, I only need TP4 now and I'm out of trouble from last week, no trouble yet......

Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf.gif Size: 22 KB
The Chonchy
  • #22,270
  • Nov 14, 2011 6:37am Nov 14, 2011 6:37am
compleatly out of the water now, smikester........

Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf.gif Size: 21 KB
The Chonchy
  • #22,271
  • Nov 14, 2011 6:57am Nov 14, 2011 6:57am
Quoting chonchy
compleatly out of the water now, smikester........

Attachment

  • #22,272
  • Nov 14, 2011 8:07am Nov 14, 2011 8:07am
Quoting chonchy
compleatly out of the water now, smikester........

Attachment
haha! I've always said if someone can bail themselves out of a trade that has gone against them they are truly trading at a higher level. Nice Work.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #22,273
  • Nov 14, 2011 8:17am Nov 14, 2011 8:17am
Quoting chonchy
compleatly out of the water now, smikester........

Attachment
Well I'm pleased to hear that, Chonchy.

I was burned last week from being too cocky.

Anyway, the Swissy looks like its back on the up - a nice bounce off .9000 (doesn't forex look easy sometimes), cable formed a triple top above 1.59/1.5880 levels and I haven't done any analysis on the Euro but dollar strength is definitely kicking in.
Gone to a better place
  • #22,274
  • Nov 14, 2011 12:30pm Nov 14, 2011 12:30pm
........And Berluscony is out and the greece PM also and it still dosen't help the yurow go back up, uhm, wird......if it pass 3634, I'm in.........

Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf.gif Size: 19 KB
The Chonchy
  • #22,275
  • Nov 14, 2011 12:32pm Nov 14, 2011 12:32pm
Quoting dddd

thanks 4d's, I apriciated.........
The Chonchy
  • #22,276
  • Nov 14, 2011 12:33pm Nov 14, 2011 12:33pm
Quoting LasVahGoose
haha! I've always said if someone can bail themselves out of a trade that has gone against them they are truly trading at a higher level. Nice Work.
thanks LasVahgoose, I have a lot to thnaks to driver55 for that, he thought me the art of waiting, sometime is very time consuming but this time came out ok thanks god, now looking to buy......
The Chonchy
  • #22,277
  • Nov 14, 2011 12:35pm Nov 14, 2011 12:35pm
Quoting smikester
Well I'm pleased to hear that, Chonchy.

I was burned last week from being too cocky.

Anyway, the Swissy looks like its back on the up - a nice bounce off .9000 (doesn't forex look easy sometimes), cable formed a triple top above 1.59/1.5880 levels and I haven't done any analysis on the Euro but dollar strength is definitely kicking in.
thanks Smikester, I think is going down from that big round number now (9000), I'm looking to short him.......
The Chonchy
  • #22,278
  • Nov 14, 2011 12:55pm Nov 14, 2011 12:55pm
Quoting chonchy
........And Berluscony is out and the greece PM also and it still dosen't help the yurow go back up, uhm, wird......if it pass 3634, I'm in.........

Attachment
I don't know about this trade it doesn't look that is going to take off now, maybe later........but that is why I like this strategy so much, no trade no entrie, let see how she rolls.........like Turtle saids.........I have to post pics of my aniversary, last night, I think I'm still drunk......
.........I will download them later and post them here, but don't laugh please, lol........:nerd:
The Chonchy
  • #22,279
  • Nov 14, 2011 1:48pm Nov 14, 2011 1:48pm
[quote=chonchy;5132282]I have to post pics of my aniversary, last night, I think I'm still drunk......


Anniversary? Congratulations Man!! But you would be looking for an excuse to get drunk anyway - LOL! All the Best and Many more happy Years to come Bro!
t
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #22,280
  • Nov 14, 2011 2:52pm Nov 14, 2011 2:52pm
[quote=teemo;5132353]
Quoting chonchy
I have to post pics of my aniversary, last night, I think I'm still drunk......


Anniversary? Congratulations Man!! But you would be looking for an excuse to get drunk anyway - LOL! All the Best and Many more happy Years to come Bro!
t
thanks a lot teemo, thanks a lot, the same to you my friend.........
The Chonchy
66 traders viewing now