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Cesarnc's market talk, gossips, rumours & fun

  • #25,101
  • Mar 26, 2012 3:57pm Mar 26, 2012 3:57pm
..........maybe fxhermit know this company is in his back yard.........

http://www.huffingtonpost.ca/2012/03...ada&ref=topbar
The Chonchy
  • #25,102
  • Mar 26, 2012 4:14pm Mar 26, 2012 4:14pm
http://i.huffpost.com/gadgets/slides...jpg?1332288466

http://www.huffingtonpost.ca/alex-ca...b_1373670.html

..........I wonder who fxhermit's likes.....
The Chonchy
  • #25,103
  • Mar 26, 2012 4:32pm Mar 26, 2012 4:32pm
Quoting chonchy
..........maybe fxhermit know this company is in his back yard.........

http://www.huffingtonpost.ca/2012/03...ada&ref=topbar
Jees, Chonchy your psychic abilities are showing. Owned a wack of shares at one time (oh, probably some 10 or more years ago) when they were Vancouver headquartered. Did quite well by them but by the looks of it maybe I should have kept some.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,104
  • Mar 26, 2012 4:50pm Mar 26, 2012 4:50pm
Quoting chonchy
http://i.huffpost.com/gadgets/slides...jpg?1332288466

http://www.huffingtonpost.ca/alex-ca...b_1373670.html

..........I wonder who fxhermit's likes.....
At this point I don't realy think it matters who makes it as the NDP leader. Although the party may well take power in the next election, if by that time we are tired enough of the jackboot fool we currently have to contend with, but I doubt the next NDP leader will make it that far. We've been known to on occasion replace them in mid stride, that may happen here. Then again, in Canadian politics, it could be a f$%king polar bear who wins the next election. Or maybe Jasper Friendly Bear (he posed for me while "on the job")... he's got my vote for sure.
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Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #25,105
  • Mar 26, 2012 4:59pm Mar 26, 2012 4:59pm
Quoting fxhermit
At this point I don't realy think it matters who makes it as the NDP leader. Although the party may well take power in the next election, if by that time we are tired enough of the jackboot fool we currently have to contend with, but I doubt the next NDP leader will make it that far. We've been known to on occasion replace them in mid stride, that may happen here. Then again, in Canadian politics, it could be a f$%king polar bear who wins the next election. Or maybe Jasper Friendly Bear (he posed for me while "on the job")... he's got my vote...
The Chonchy
  • #25,106
  • Mar 26, 2012 6:04pm Mar 26, 2012 6:04pm
Quoting fxhermit
Perhaps a little herbal medication is in order puff puff. Is that a chocolate bar I see .........
I have a prescription myself.

HOLLA
  • #25,107
  • Mar 26, 2012 7:05pm Mar 26, 2012 7:05pm
Quoting Turtle
I have a prescription myself.

HOLLA
.........and 45condor is got a garden, I want one, I want one..........
The Chonchy
  • #25,108
  • Mar 26, 2012 7:07pm Mar 26, 2012 7:07pm
........And it looks like we are going north with no retreats no surrenders.....I'm shorting the swisse.......I had it........
The Chonchy
  • #25,109
  • Edited 8:32pm Mar 26, 2012 8:19pm | Edited 8:32pm
a few thoughts about the markets; i see the manipulation that has become so prevalent, and i have learned how to trade it but that does not mean i believe in it.

so, in the past several days that spanned a weekend there have been 3 significant interventions; one being monetary in the form of the ECB stepping in to fill a void and create false demand for Spanish and Italian bonds to keep yields artificially suppressed, the 2nd being Angela Merkel front running the 'fire wall' enhancements so a quasi monetary/verbal intervention that removed a doubt for later, and then the grand finale with Bernanke out in front for the entire week with a speech at 8 AM on a Monday morning feigning faux concern because the employment numbers are lagging the 'recovery' and inferring more QE was the solution to that problem.

so much of the market direction comes off of weekends maybe it needs to be a 24/7 market

result.............S&P rallies 20 points and the dollar gets sold off from a significant top and resistance.(coincidence or not?)

all in 3 days work, prop for the bond markets and make a speech followed by another speech.

all designed to buy more time until at least April and the next FOMC

it is all puppet theatre........how long it lasts i have no clue.

we are at the end of 3 yrs of the interventions and into the 4th with no real end in sight..........there is the often repeated promise this is the last one only to be followed by the next and another and then another not to mention the myriad of covert interventions done out of sight of the public

what happens to US residential real estate if the 10 year breaks higher from resistance at 2.4%?

good article on Zero Hedge about the risk to Japan and a 2% yield on the JGB 10 yr.

in the words of the American patriot John Paul Jones, "the FED (and central banks) have not yet begun to print"

i wonder if Japan will pull a monetary Pearl Harbor and shock with a sudden and unilateral devaluation?

ever get the feeling the central banks are trying to diffuse a ticking bomb and maybe starting to sweat about possibly running out of time?
  • #25,110
  • Mar 26, 2012 8:50pm Mar 26, 2012 8:50pm
Quoting roro53
a few thoughts about the markets; i see the manipulation that has become so prevalent, and i have learned how to trade it but that does not mean i believe in it.

so, in the past several days that spanned a weekend there have been 3 significant interventions; one being monetary in the form of the ECB stepping in to fill a void and create false demand for Spanish and Italian bonds to keep yields artificially suppressed, the 2nd being Angela Merkel front running the 'fire wall' enhancements so a quasi monetary/verbal intervention that removed a doubt...
Great post..my thoughts exactly
  • #25,111
  • Mar 26, 2012 9:25pm Mar 26, 2012 9:25pm
..........Not exactly my month week or day, I shorted the franc to hedge my risk and pum there it goes the franc the other way......

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The Chonchy
  • #25,112
  • Mar 27, 2012 2:13am Mar 27, 2012 2:13am
Quoting chonchy
.........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........

Attachment

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

Attachment

hey chonchy,

i see you got caught in euro short (same as me). my question is, if you can answer withut beeing bear in euro (lol) what is your average price and where or when you will close that trade?

some say that euro will head to 1.3460 1.3600.

i attach my view on euro, i would like to see your opinion! thx!
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fokyou forexfactory
  • #25,113
  • Mar 27, 2012 5:15am Mar 27, 2012 5:15am
Dart..........thanks. it really is an Alice In Wonderland market.

Chonchy.........i misread your hedging question since hedging is not an issue for the platforms i trade from. as a rule i do not hedge often. if i am on the wrong side of price i usually just take the loss. i think i only hedged one time that worked out and that was for Oil which i went short at at $99 and then went long an equivalent number of barrels to offset a reversal against my position.........it was a relatively modest trade to begin with but i did end up making money on it........i think that was the only time hedging worked for me.

i was thinking more about the work your brother in law did as an artist and watched the videos you posted........the one with the sheets of paper being picked up and later tossed was strange.........

went long GBP/USD with a stop under 1.5940......we'll see how that works out looking for 1.6075
  • #25,114
  • Mar 27, 2012 10:00am Mar 27, 2012 10:00am
Quoting DNTme
hey chonchy,

i see you got caught in euro short (same as me). my question is, if you can answer withut beeing bear in euro (lol) what is your average price and where or when you will close that trade?

some say that euro will head to 1.3460 1.3600.

i attach my view on euro, i would like to see your opinion! thx!
...........Hello DNtme, sorry for the late response, I had to cacth a nap.....

.......I'm not bear in euro my son, I have several accs and in some like mt4 wish is the chart acc, I'm short long term and short long term the franc as well, so I'm hedge there, long time, but I'm short there fundamentaly, because I think the dollar will take over at any sing of weekness from the global invesment comunity, and when everybody get long the yurow.......

........but I'm also long, short term on fxsolution FXCM, and mbtrading........thechnicaly I short from the 30M chart based on fxhermit's techniques, the TEB123 thread and the tool from the fibo tool........impulsives candles at break outs only, is the best manner to trade this yoyo markets today, looking at the 30M chart and entering true the 5M chart, two charts say more than one, remember always that, and tree is even bether, so keeping an eye on the one hour won't hert at all.........trust me......I follow 45condor fundamentaly but his Grupy profile guide me a lot because the first person who teach me forex was the The_DoveAlliance and his method is similar to the Grupy profile of 45 condor and it looks at multitimeframes charts as well, also thechniques from my friends in slovaquia has help me a lot in my trading but those I can't teach here, due to copy rights infringiments and what not, sorry about that, but basicaly fxhermits posts will make the day, read them all, and follow 45condor fundies.......hope this help, good luck.........
The Chonchy
  • #25,115
  • Mar 27, 2012 10:04am Mar 27, 2012 10:04am
Quoting roro53
Dart..........thanks. it really is an Alice In Wonderland market.

Chonchy.........i misread your hedging question since hedging is not an issue for the platforms i trade from. as a rule i do not hedge often. if i am on the wrong side of price i usually just take the loss. i think i only hedged one time that worked out and that was for Oil which i went short at at $99 and then went long an equivalent number of barrels to offset a reversal against my position.........it was a relatively modest trade to begin with but i did end up making...

..........Hedging is an art, not everybody comes a winner on it, most of the time is a mess, don't recomeded to anybody if they don't know what they are doing, driver55 teach me a lot on hedging but is dificult, also The_Dovealliance condenned, he didn't like it at all, so I try to stay away from it but on IBFX I do it because they allow multiple lots to be bought so I close the ones in profits and leave the others for some day, smikester know what I'm talking about here, I have short on the franc since last year on that acc, funny yes but they make money always, pacience is the name of the game on that one............good luck to you too......
The Chonchy
  • #25,116
  • Mar 27, 2012 11:18am Mar 27, 2012 11:18am
Quoting chonchy
...........Hello DNtme, sorry for the late response, I had to cacth a nap.....

.......I'm not bear in euro my son, I have several accs and in some like mt4 wish is the chart acc, I'm short long term and short long term the franc as well, so I'm hedge there, long time, but I'm short there fundamentaly, because I think the dollar will take over at any sing of weekness from the global invesment comunity, and when everybody get long the yurow.......

........but I'm also long, short term on fxsolution FXCM, and mbtrading........thechnicaly I short...

thx for your reply!

i was short euro and took profit overall positions at 3319, not much but 27 pips overall lotsize was something.

im flat euro, looking to long on dips 3215-35 or short 3660
fokyou forexfactory
  • #25,117
  • Mar 27, 2012 2:25pm Mar 27, 2012 2:25pm
Quoting chonchy
I follow 45condor fundamentaly but his Grupy profile guide me a lot because the first person who teach me forex was the The_DoveAlliance and his method is similar to the Grupy profile of 45 condor and it looks at multitimeframes charts as well, also thechniques from my friends in slovaquia has help me a lot in my trading but those I can't teach here, due to copy rights infringiments and what not, sorry about that, but basicaly fxhermits posts will make the day, read them all, and follow 45condor fundies.......hope this help, good luck.........
...but I'm fundamentally flawed; I trade large time frames, with small lots and large stops. I can't scalp to save my life... for that, I would watch how Chonchy scales in on the 30mins - sometimes it is pip poetry.

I am also very happy to read roro53's tickling of the funnies.

Apart from that, hello all.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,118
  • Mar 27, 2012 2:56pm Mar 27, 2012 2:56pm
I also think that this chap (KennyZ) is on the ball. He, or maybe she, I don't know, has done a lot of work to present a lesson on S/R... he's even created a website with pdfs of charts to explain. A lot of work, I think, and he deserves credit for it. (As does redsworld)

http://www.forexfactory.com/showthread.php?t=288142
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #25,119
  • Edited 3:21pm Mar 27, 2012 3:07pm | Edited 3:21pm
the S&P has drip dripped back from its 1225 peak made this morning at 0510 AM.......

that is correct.....05;10 AM Eastern time several hours before New York even opened

i guess there was an article written by some a/h who works for Brown Bothers Harriman telling the market it 'misinterpreted' Bernanke's references to QE 3, 4, 5 and 6 from the Monday 8 AM speech

can this possibly be the elusive top?........honestly, i was very tempted to take a modest short position early this morning just off of the technicals but taking shorts in this market scares me
  • #25,120
  • Mar 27, 2012 3:30pm Mar 27, 2012 3:30pm
I'm wondering about low/high Dollar, bond yields on the back of this, admission of the FED holding EU government bonds, Deutsche bank (largest in Europe) over-leveraged to the hilt, yo-yo statements, and who knows what else.

I took a short on Cable after seeing potential supply hit twice on the 4hr, and likewise, a short on EU based on a possible stop hunt two or three candles back. Will monitor and watch.

S&P 'toppy' around the fib confluence...
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Author of: For Pip's Sake! (Available at Amazon... :-) )
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