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Cesarnc's market talk, gossips, rumours & fun

  • #33,021
  • Sep 19, 2012 7:34pm Sep 19, 2012 7:34pm
Quoting chonchy
.......Roger that pk, copy.....thanks......have you seeing peters lately?
he is sick as a dog... flue. hope he gets better soon.
  • #33,022
  • Sep 19, 2012 7:45pm Sep 19, 2012 7:45pm
Quoting pkimnyc
he is sick as a dog... flue. hope he gets better soon.
......oh man sorry to heard that, hope he gets bether too, sorry about your two positions also.......next will be good, you will see, tell Peters to get bether for me will you, thanks in advance........good luck tonite in your trading......
The Chonchy
  • #33,023
  • Sep 19, 2012 7:52pm Sep 19, 2012 7:52pm
Quoting chonchy
......oh man sorry to heard that, hope he gets bether too, sorry about your two positions also.......next will be good, you will see, tell Peters to get bether for me will you, thanks in advance........good luck tonite in your trading......
geppy did ok today. no big deal. still holding cable and geppy short. thanks chunchy. we should get a decent setup tonight or tomorrow, but i'm a little confused with euro. if nothing solid happens until london then no euro for me.
  • #33,024
  • Sep 19, 2012 8:42pm Sep 19, 2012 8:42pm
Quoting pkimnyc
geppy did ok today. no big deal. still holding cable and geppy short. thanks chunchy. we should get a decent setup tonight or tomorrow, but i'm a little confused with euro. if nothing solid happens until london then no euro for me.
.......Yeah this yurow can be a beatch sometimes......I wish i could get out of this shorts soon......imagine is the most traded pair so it turns undesided some times, wish you luck pk in what ever you deside.......
The Chonchy
  • #33,025
  • Sep 19, 2012 9:02pm Sep 19, 2012 9:02pm
Quoting chonchy
.......Yeah this yurow can be a beatch sometimes......I wish i could get out of this shorts soon......imagine is the most traded pair so it turns undesided some times, wish you luck pk in what ever you deside.......
So far... 4hr momentum is still pointing down. I was going to look for a buy setup today... But, looking at the cable... I may have to fold that thought. Gl to you as well with your trade bro.
  • #33,026
  • Sep 19, 2012 9:04pm Sep 19, 2012 9:04pm
Quoting pkimnyc
So far... 4hr momentum is still pointing down. I was going to look for a buy setup today... But, looking at the cable... I may have to fold that thought. Gl to you as well with your trade bro.
2975 may be for a bounce...but all indices pointing down as well
  • #33,027
  • Sep 19, 2012 9:08pm Sep 19, 2012 9:08pm
Still struggling to stay above 1.3053, so I haven't attempted any trades yet, tough week so far. I will post my analysis and thoughts here in a little bit.
  • #33,028
  • Sep 19, 2012 9:19pm Sep 19, 2012 9:19pm
Quoting SnaveForex
2975 may be for a bounce...but all indices pointing down as well
If we are going to bounce then this should be the level. Still middle of the session. Not looking good for bounce.
  • #33,029
  • Sep 19, 2012 9:27pm Sep 19, 2012 9:27pm
Quoting pkimnyc
If we are going to bounce then this should be the level. Still middle of the session. Not looking good for bounce.
Yea it is right in the middle of all the movement.

So what do we do wait for a true breakout, or???

N2
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  • #33,030
  • Sep 19, 2012 9:28pm Sep 19, 2012 9:28pm
waking up for china pmi nrs can be biggie
  • #33,031
  • Sep 19, 2012 9:33pm Sep 19, 2012 9:33pm
Quoting ingmarforex
waking up for china pmi nrs can be biggie
Looks like a dud, good time to sleep more....
  • #33,032
  • Sep 19, 2012 9:38pm Sep 19, 2012 9:38pm
yep well watch silver gold they might breakdown shorted small gold. for pullback
  • #33,033
  • Sep 19, 2012 9:44pm Sep 19, 2012 9:44pm
Quoting ingmarforex
yep well watch silver gold they might breakdown shorted small gold. for pullback
I do not have a broker for gold/silver/oil and such.

I was online the other day looking at buying real gold, but price is too high for me at the time, if it were to drop below 1,500.00 an ounce I might consider it.

For now I will just keep my greenback.

N2
  • #33,034
  • Sep 19, 2012 9:47pm Sep 19, 2012 9:47pm
Quoting N2FX
I do not have a broker for gold/silver/oil and such.

I was online the other day looking at buying real gold, but price is too high for me at the time, if it were to drop below 1,500.00 an ounce I might consider it.

For now I will just keep my greenback.

N2
Then look at silver. Apmex isn't alright for buying online but if you want to save on shipping, buy at your local dealer. More ounces for your dollar and over the long run, it's pretty solid.
Not all sins are created equal
  • #33,035
  • Sep 19, 2012 9:50pm Sep 19, 2012 9:50pm
Quoting Jay Walker
Then look at silver. Apmex isn't alright for buying online but if you want to save on shipping, buy at your local dealer. More ounces for your dollar and over the long run, it's pretty solid.
Interesting, never thought of silver since Gold is always talked about.

I will do some research locally and see what I can find out.

Thanks Jay

N2
  • #33,036
  • Sep 19, 2012 9:56pm Sep 19, 2012 9:56pm
And I pulled the trigger.

Short EURUSD @.3016
Not all sins are created equal
  • #33,037
  • Sep 19, 2012 10:00pm Sep 19, 2012 10:00pm
Quoting Jay Walker
And I pulled the trigger.

Short EURUSD @.3016
I was sidetracked, and now looking at my boxes showing those shorts.

Sweet move Walker.....
  • #33,038
  • Sep 19, 2012 10:02pm Sep 19, 2012 10:02pm
Quoting N2FX
I was sidetracked, and now looking at my boxes showing those shorts.

Sweet move Walker.....
We'll see if it's a sweet move after I close it.
Not all sins are created equal
  • #33,039
  • Edited 10:14pm Sep 19, 2012 10:03pm | Edited 10:14pm
I haven't been able to get any positions established yet this week as conditions have become pretty difficult to position trade. Right now just about everything is at a "make or break" point. What is very unique and interesting this week and probably the next four weeks will be the slide in oil as the presidential election nears. This will most likely translate into USD strength, as food and energy prices will most likely fall given the incumbent's political agenda.

I though we were going to get a push higher in risk assets, but it seems like the large build in crude is showing a significantly slowing demand, hence the sell-off in the past two days. Crude certainly has the potential to drag everything down along with it, including stocks. What I'm noticing in my models is the fact that we remain extremely oversold, no divergence and price is simply refusing to bounce. I have seen this before and it usually exhibits and "event", which means that price is slowing fading until it gains momentum and starts a sharp downward trend. EURUSD failed to stay above 1.3053, AUDUSD was rejected at 1.05, and WTI was strongly rejected at 100, therefore my plans to long have been invalidated. IMO, the best thing for a position trader to do right now is just stand aside and protect yourself until price breaks to either the long or short side. Anything can happen here....

I'm working on drawing up a contingency plan tonight if this is what appears to be the start of a sharp sell-off. Right now, this situation is a no trade scenario for me.
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  • #33,040
  • Sep 19, 2012 10:04pm Sep 19, 2012 10:04pm
Quoting N2FX
Yea it is right in the middle of all the movement.

So what do we do wait for a true breakout, or???

N2
Not touching euro, but if yesterdays low gets taken out then another consolidation, then 1 more chance to short. I'm thinking.
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