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Cesarnc's market talk, gossips, rumours & fun

  • #33,821
  • Sep 25, 2012 4:26pm Sep 25, 2012 4:26pm
Quoting Piters
nop actually it is a done deal.. Portugal, Spain, Greece and Cyprus in one package..

everything is ready [prepared] , they just need a signal from Spain.. and they are pushing the right button today..
.........so if the bail out gets done, where those that leave the euro Peters? stronger or weaker? thanks in advance......
The Chonchy
  • #33,822
  • Sep 25, 2012 4:29pm Sep 25, 2012 4:29pm
Very tough trading day for me, took a loss. I didn't post any analysis because frankly I have no clue what is going on right now. These markets are ridiculously choppy and they are a position traders nightmare. I should have just stayed out, but I was long bias and my short jpy positions got wiped out. That is the game sometimes, and you just have to get used to it and move on.

I need to see more fundamental conviction but the past two days there has been very little market moving data instead just book balancing. All the EUR bailout talk means absolutely nothing IMO, PIIGS are tiny and they have had how many bailouts now? Bailout efforts with these countries are an exercise in futility, the model simply does not work. The only solution here for these countries is succession from EMU or a default, for which the PIIGS will pay dearly(higher interest rates and devalued currency). Right now any bailout talk looks like an opportunity to unload EUR.

A lot of pairs sitting at critical supports right now, so I would need to see breaks to enter with momentum. If no breaks occur then I would think long. Its just too hard to tell ATM with terrible correlations and choppiness.
  • #33,823
  • Sep 25, 2012 4:29pm Sep 25, 2012 4:29pm
Quoting chonchy
.........so if the bail out gets done, where those that leave the euro Peters? stronger or weaker? thanks in advance......
we can guess mate.. depends of BEN policy too...
but let say 1.34-1.35 and then down..
  • #33,824
  • Sep 25, 2012 4:37pm Sep 25, 2012 4:37pm
Quoting chonchy
I don't know if I should close this short or not.......

Attachment
There should be one more leg down on smaller cycle, but as always protect it at all cost.
  • #33,825
  • Sep 25, 2012 4:38pm Sep 25, 2012 4:38pm
Quoting Piters
we can guess mate.. depends of BEN policy too...
but let say 1.34-1.35 and then down..
.........thanks Peters......
The Chonchy
  • #33,826
  • Sep 25, 2012 4:40pm Sep 25, 2012 4:40pm
Quoting Piters
we can guess mate.. depends of BEN policy too...
but let say 1.34-1.35 and then down..
meanwhile

http://i228.photobucket.com/albums/e...n_kadena13.jpg
  • #33,827
  • Sep 25, 2012 4:40pm Sep 25, 2012 4:40pm
Quoting mfoste1
Very tough trading day for me, took a loss. I didn't post any analysis because frankly I have no clue what is going on right now. These markets are ridiculously choppy and they are a position traders nightmare. I should have just stayed out, but I was long bias and my short jpy positions got wiped out. That is the game sometimes, and you just have to get used to it and move on.

I need to see more fundamental conviction but the past two days there has been very little market moving data instead just book balancing. All the EUR bailout talk means...
.........Sorry to heard that mfoste1, but thanks for the words.......agree on the chopiness......not a clear direction now.......
The Chonchy
  • #33,828
  • Sep 25, 2012 4:41pm Sep 25, 2012 4:41pm
Quoting roro53
meanwhile

http://i228.photobucket.com/albums/e...n_kadena13.jpg
what is she doing roro, collecting water for the crissis?
The Chonchy
  • #33,829
  • Sep 25, 2012 4:41pm Sep 25, 2012 4:41pm
Quoting mfoste1
Very tough trading day for me, took a loss. I didn't post any analysis because frankly I have no clue what is going on right now. These markets are ridiculously choppy and they are a position traders nightmare. I should have just stayed out, but I was long bias and my short jpy positions got wiped out. That is the game sometimes, and you just have to get used to it and move on.

I need to see more fundamental conviction but the past two days there has been very little market moving data instead just book balancing. All the EUR bailout talk means...
Great humble and honest post.

In my view market action discounts everything, she is back at the bottom of the symmetric triangle and waiting.

I agree with you, in those particular time, scalping is a better option.
Chaos is the law of nature; order is the dream of man.
  • #33,830
  • Sep 25, 2012 4:46pm Sep 25, 2012 4:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: tue2509.PNG Size: 34 KB


i am away guys, looks like e/u being contained in a box again and a tsame level for last few days, so its going to go somewhere??? i got triggers set, so goodnight and take care all
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #33,831
  • Sep 25, 2012 4:48pm Sep 25, 2012 4:48pm
Quoting billytt
Attachment

i am away guys, looks like e/u being contained in a box again and a tsame level for last few days, so its going to go somewhere??? i got triggers set, so goodnight and take care all
.......good night billytt, get a good rest buddy.......
The Chonchy
  • #33,832
  • Sep 25, 2012 4:53pm Sep 25, 2012 4:53pm
5500 galaxies

http://www.forexlive.com/blog/2012/0...nd-everything/
  • #33,833
  • Sep 25, 2012 4:56pm Sep 25, 2012 4:56pm
cops leave protests as shift ends....

http://www.forexlive.com/blog/2012/09/25/only-in-spain/
  • #33,834
  • Edited 5:11pm Sep 25, 2012 4:58pm | Edited 5:11pm
Quoting chonchy
.......volume is there, they just don't know where are they going to aply it yet....be alert...is coming in the air......

........The people apluses is what nails it, I bleive, great performance in deed ah Ingmarforex, what do you think?

http://www.youtube.com/watch?v=IeDMnyQzS88
Waiting game bro i am buying yom kipoer old saying sell rosh hasnahah buy yom kipoer. Today was countertrend tuesday ussually you fade the initial move what was up and it turned around.
Looking around new home sales firs clear this stops below 1.29 can be wrong but thats my plan so holding on to it.

Here a chart on eu then cable short i still trail from 1.63 eur is see stronger support in eu reason eg hold support here (technical point then) cable could range fuck bit more or cable drops more eu upside anyway looking for 1.35 if triggers buys then will reassist later order and market situation if scale out which points etc indicator to watch also is 99.00 in ey i like them to fall sync support would be best together..

Also looking to buy crude oil 87.50 target 100 swing trade.. risk 70 points with trailing stops november contract.

Currently not much on got some ung etfs i bought for longerterm and this cable short in fx bigest pos i have now for the rest smal pos eu short. this new setups i watch for eu longs crude oil and i hope 1 more pop in equities i wanna sell next leg up but nothing on timing yet.

See how it rolls not much on ff lately bit busy etc
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  • #33,835
  • Sep 25, 2012 5:07pm Sep 25, 2012 5:07pm
Quoting pkimnyc
There should be one more leg down on smaller cycle, but as always protect it at all cost.
.......Thanks pk, I have a stop at +1 to see if it goes to the 2800, 2850....
The Chonchy
  • #33,836
  • Sep 25, 2012 5:26pm Sep 25, 2012 5:26pm
Inserted Video


Inserted Video


Inserted Video



Bennies chart he is watching
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  • #33,837
  • Sep 25, 2012 5:28pm Sep 25, 2012 5:28pm
notes
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  • #33,838
  • Sep 25, 2012 5:29pm Sep 25, 2012 5:29pm
Quoting ingmarforex
http://www.youtube.com/watch?v=jY83p5otids

http://www.youtube.com/watch?v=m6Gt2D5mbrU

http://www.youtube.com/watch?v=5y6bhCa7d-4


Bennies chart he is watching
That chart is less than ideal but the amount of debt is lower. Now, is that a positive thing or is the reason why there is less debt due to a large number of discharged bankruptcies?
Not all sins are created equal
  • #33,839
  • Sep 25, 2012 5:35pm Sep 25, 2012 5:35pm
Quoting chonchy
.......Thanks pk, I have a stop at +1 to see if it goes to the 2800, 2850....
there's a buy setup in daily tf (not matured yet, but it can play out anytime) that might take us back up to 3040 area, so... just be cautious.
  • #33,840
  • Sep 25, 2012 5:38pm Sep 25, 2012 5:38pm
Quoting Jay Walker
That chart is less than ideal but the amount of debt is lower. Now, is that a positive thing or is the reason why there is less debt due to a large number of discharged bankruptcies?
Deleveraging

http://en.wikipedia.org/wiki/Deleveraging
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