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Walk the Talk from a fun loving discretionary trader 46 replies

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  • #25,081
  • Mar 26, 2012 2:31pm Mar 26, 2012 2:31pm
Quoting SnaveForex
i totally agree...i was also short..go a signal but this thing exploded let see if this 4 hour candle will cap it...all major indices up and risk is definitely on

..........I will be adding to the 3500.......not a big acc, small lots.......
The Chonchy
  • #25,082
  • Mar 26, 2012 2:33pm Mar 26, 2012 2:33pm
Quoting roro53
Chonchy..............for what it is worth one of the equity indexes I watch to look for resistance or a a correction or a possible top or turn for the broader markets is the NASDAQ100, and there has been almost zero indication from it that there is a top remotely close...........it hit 2770 today!

when the selloff started last summer I took shorts on that first......I also think the central banks are 'working' the crowd pretty hard and this round of interventions is a lot more coordinated and deeper than the last rounds, Chonchy.

just mho, but...
..........yep i think, I'm in trouble, but the lots are so small that not even 45condor will notice, and he notice the cat in the midle of the country side farm, at night, in the winter, buthering the horse, so imagine.......

where is smikester?
The Chonchy
  • #25,083
  • Mar 26, 2012 2:34pm Mar 26, 2012 2:34pm
Quoting chonchy
..........I will be adding to the 3500.......not a big acc, small lots.......
indeed scaling in
  • #25,084
  • Mar 26, 2012 2:35pm Mar 26, 2012 2:35pm
Quoting roro53
thanks Condor.......very nice of you to say that.

love your beaches Chonchy.......that is being rich to me.

PS...........007 was my guess too Choncy........or 009.........something in code.

.........EB-007, EB-009 are the electrobikeUSA

http://www.electrobikeusa.com/
The Chonchy
  • #25,085
  • Mar 26, 2012 2:39pm Mar 26, 2012 2:39pm
The other day we drove up to a little town down the road inorder to have lunch with friends. Whilst there, happened across an old building with some writing on it. From a trader's point of view, I thought it quite appropriate so graphiced up a picture a bit and hung it on the trading room wall.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,086
  • Mar 26, 2012 2:41pm Mar 26, 2012 2:41pm
Quoting fxhermit
ouch ouch my ribs are hurting

I live a bit further south, closer to the american border (don't know if thats a good thing or not LOL). It is a beautifull mountain valley with a very hot summer climate, lakes of azure and grapes on the vine. The locals are jolly and friendly (I think it has something to do with the grapes). As for aliens, well there was a fascinating crop circle that appeared a year ago in a field just a few miles north of us. We called it the alien tourist board seal of approval (again may have had something...
.......Malvec, argentina, mendoza.....

http://www.wsjwine.com/images/us/en/...r1_mar2012.jpg
The Chonchy
  • #25,087
  • Mar 26, 2012 2:42pm Mar 26, 2012 2:42pm
i don't really know the answer to your hedging question to be honest about it Chonchy. i don't trade the USD/CHF much and haven't been watching it for a while although i did get an analysis this morning that it was probably a buy down around 0.8950..........i just pulled it up.

i do watch the EUR/CHF and look for entries around 1.2050ish or lower if i can get some.......bit of a pop today

i trade mostly off fundamentals as you can probably tell from my commentary and i think the markets are very manipulated which is pretty much evidenced especially over the past few weeks with the Jamie Diamon front running the FED stress tests and the bond intervention by the ECB late last week and then again this morning with Bernanke setting up an expectation that more QE was coming but telegraphed yesterday by Bill Gross.

i use charts and look to buy or sell of of reasonable S/Rs sometimes for quick in and out and some for longer runs but it depends and the central banks have been very successful at propping prices in the past regardless of earnings or other not so impressive indicators of economic performance or lack thereof

that probably sounds kind of subjective but i try to sort out a theme and run with it within reason.......as in using S/R levels for entries and exists......i tend not to hold trades more than several days. i like being in and out of cash

i hope that makes muddy water thinking somewhat clearer

ps..........i trade all of the european equity indexes using CFDs which is a boon for smaller traders as it allows great flexibility in position sizing and access to european markets i cannot get trading off a US based futures account..........CFDs are resrticted in the US unless you have an offshore address. Condor knows about CFDs and i use FXCM Uk but GFT offers it too as do other reputable companies with US ties.......i had an acct with GFT too and liked the company.
  • #25,088
  • Mar 26, 2012 2:43pm Mar 26, 2012 2:43pm
Quoting fxhermit
The other day we drove up to a little town down the road inorder to have lunch with friends. Whilst there, happened across an old building with some writing on it. From a trader's point of view, I thought it quite appropriate so graphiced up a picture a bit and hung it on the trading room wall.

.........the price is right for what? to short?........
The Chonchy
  • #25,089
  • Mar 26, 2012 2:45pm Mar 26, 2012 2:45pm
Quoting SnaveForex
indeed scaling in
.........Is more like diving in, scaling in was last month, today I'm diving in, since they didn't came to pick me up for scubadiving, so I'm diving in here on the yurow..........
The Chonchy
  • #25,090
  • Mar 26, 2012 2:52pm Mar 26, 2012 2:52pm
Quoting roro53
i don't really know the answer to your hedging question to be honest about it Chonchy. i don't trade the USD/CHF much and haven't been watching it for a while although i did get an analysis this morning that it was probably a buy down around 0.8950..........i just pulled it up.

i do watch the EUR/CHF and look for entries around 1.2050ish or lower if i can get some.......bit of a pop today

i trade mostly off fundamentals as you can probably tell from my commentary and i think the markets are very manipulated which is pretty much evidenced especially...

.........I had accs with london based fxsolutions but obama repratieted them to the us, so no hedging allow with the same currency pair, so I hedge with the franc the USD/CHF pair run inversed to the EUR/USD, if one is going south the other goes north so there is how I hedge the risk of being short the yurow, I just short the franc..........

..........This is the yurow........

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..........And this is the franc..........

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The Chonchy
  • #25,091
  • Mar 26, 2012 2:52pm Mar 26, 2012 2:52pm
Quoting chonchy
.........Is more like diving in, scaling in was last month, today I'm diving in, since they didn't came to pick me up for scubadiving, so I'm diving in here on the yurow..........
the move up has been really impulsive..a good retrace should be around the corner
  • #25,092
  • Mar 26, 2012 2:53pm Mar 26, 2012 2:53pm
Quoting chonchy
.......Malvec, argentina, mendoza.....

http://www.wsjwine.com/images/us/en/...r1_mar2012.jpg
I prefer the local brand.

http://exnihilovineyards.com/icewineRiesling.php
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,093
  • Mar 26, 2012 2:58pm Mar 26, 2012 2:58pm
i get it............i wasn't thinking that because i can hedge on the accts i use.......i didn't realize that fx accts in the US did not allow hedging.......or forgot it........i don't live in the US anymore but seem to remember now that you reminded me about all of the rule changes that came into effect under the new margin regime and all of that bs.

thx for posting the charts...........i knew someone form Honduras who recommended the same beach...........haven't been there as of yet though.
  • #25,094
  • Mar 26, 2012 2:58pm Mar 26, 2012 2:58pm
Quoting fxhermit
I prefer the local brand.

http://exnihilovineyards.com/icewineRiesling.php
Now, I'm partial to a little ice wine every so often, and I have to admit, the best that I have ever tasted was produced in Canada. It wasn't cheap, that is for sure; but come the day when the French authorities, or the British, stand me against the firing wall in preparation to be shot for sedition, and ask me for any last request, this will be the drink of choice. Hey, it may even delay the firing squad as they try to source for me... they would do that, wouldn't they, or it simply wouldn't be cricket.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,095
  • Mar 26, 2012 3:00pm Mar 26, 2012 3:00pm
ok..........fxhermit, now that i know where you live i might come to visit! just kidding. i promise to call first!
  • #25,096
  • Edited 3:44pm Mar 26, 2012 3:10pm | Edited 3:44pm
........Space, maybe he was talking about martians in space............

"I understand your message about space," replied Medvedev, who will hand over the presidency to Putin in May.

http://www.huffingtonpost.com/2012/0...?ncid=webmail1

http://i.huffpost.com/gen/545762/thu...V-large570.jpg
The Chonchy
  • #25,097
  • Mar 26, 2012 3:14pm Mar 26, 2012 3:14pm
Quoting fxhermit
I prefer the local brand.

http://exnihilovineyards.com/icewineRiesling.php


.......In deed remarkably good taste, but no surprise in your taste allready my friend, I will send one of those to your house on your birthday...........

.......I'm enjoying a nice malvec from mendoza valley argentina of $ 7.95 that is a beutty, it taste bether than 45condor cat piss let me tell you.........
The Chonchy
  • #25,098
  • Mar 26, 2012 3:24pm Mar 26, 2012 3:24pm
..........Jesus Crist, who would of thought that the gorgeus blonde from kill bill was going to end up like this, wow........

http://i.huffpost.com/gen/545228/UMA-THURMAN-BIKINI.jpg

http://www.huffingtonpost.com/2012/0...ef=mostpopular
The Chonchy
  • #25,099
  • Mar 26, 2012 3:26pm Mar 26, 2012 3:26pm
Quoting chonchy
it taste bether than 45condor cat piss let me tell you.........
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,100
  • Mar 26, 2012 3:51pm Mar 26, 2012 3:51pm
........Who would of thought ah? and you never know who you married and the end, now days for sure ......

.........Is not fair, Obama wasen't natural born eather, and is president today..........

Transgender Miss Universe Canada Finalist Jenna Talackova Disqualified From Competition

http://i.huffpost.com/gen/544840/thu...ERED-large.jpg

http://www.huffingtonpost.ca/2012/03...ef=mostpopular
The Chonchy
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