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Cesarnc's market talk, gossips, rumours & fun

  • #36,281
  • Oct 11, 2012 4:39pm Oct 11, 2012 4:39pm
Quoting smikester
You take the biscuit for depth of analysis Ingmar. I don't even know the name of the Greek stock exchange. Still reading that book you recommended. Very absorbing.
It is good book i am now reading this 1 http://www.amazon.com/Dynamic-Hedgin.../dp/0471152803

If you or anyone have good books in recomendation pls let me know..
  • #36,282
  • Oct 11, 2012 4:40pm Oct 11, 2012 4:40pm
Quoting roro53
metrics for apple; $76,103 profit on $316,129 product sales....every minute.

drop to $600?..already off 10%

if stocks in greece are cheap.......shorts beware central bank death marches

levitation starting around 4 AM;http://www.zerohedge.com/news/2012-1...-short-squeezy
Yeah they cheap in greece imo no one likes them
  • #36,283
  • Oct 11, 2012 4:41pm Oct 11, 2012 4:41pm
Quoting Jackguar
Carlos

How is your daughter? I hope well.
........Sleeping now jackguard the doctor told her not to go to work today, so is under medication and sleep, so far so good, no more pain atacks yet, let see how is this going to end, because that stone have to come out and when she does, is going to hert again, more or less I don't know......thanks for asking sir......

......good call on the bulls last night, great call sir.
The Chonchy
  • #36,284
  • Oct 11, 2012 4:43pm Oct 11, 2012 4:43pm
Quoting smikester
This is my chart for today. Ingmar fancied a shot at long Usd/Cad so here is my simplified form of analysis:

Attachment

The gold box is the zone which has now retraced a full 61.8%

The arrow shows a fairly good quality pin bar off an important level, the low of April 2012 which corresponds to the lows of 2008.

The trend line needs some shims but you get the idea.

How to trade this? Low leverage because this is a tricky pair. You're on your own...
Draw box low ranges i place buy limits there i still like them kinda in and out cad usdcad then but still like it as insurance it is still cheap imo... Lets say you long risk now with extended cad usd cad you long that 1 when you have schocks in market cad usd cad will chop with in the hope it does short squeeze allwel hope is not strategy so i like usdcad on low ranges in and out well you know trade management.. sl breakevn take some off etc etc.. insurance
  • #36,285
  • Oct 11, 2012 4:43pm Oct 11, 2012 4:43pm
Quoting ingmarforex
It is good book i am now reading this 1 http://www.amazon.com/Dynamic-Hedgin.../dp/0471152803

If you or anyone have good books in recomendation pls let me know..
.......A biscuits lover ah, a dog in the other life, perhaps........lol
The Chonchy
  • #36,286
  • Oct 11, 2012 4:46pm Oct 11, 2012 4:46pm
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  • #36,287
  • Oct 11, 2012 4:49pm Oct 11, 2012 4:49pm
Quoting chonchy
........Sleeping now jackguard the doctor told her not to go to work today, so is under medication and sleep, so far so good, no more pain atacks yet, let see how is this going to end, because that stone have to come out and when she does, is going to hert again, more or less I don't know......thanks for asking sir......

......good call on the bulls last night, great call sir.
I think the medication also helps the stones to break down, not sure....
Chaos is the law of nature; order is the dream of man.
  • #36,288
  • Oct 11, 2012 4:56pm Oct 11, 2012 4:56pm
Quoting Jackguar
I think the medication also helps the stones to break down, not sure....
......Well there is medicacion for destroying the stones, all tho not that easy, because they don't breake easy some times, it depends on what kind of stone it is, there is two comun ones, calcius and acid something, one is produced by acid on raw meat and the other from cheeses and milk and all dairy products, she probrably have the one produced by cokacola, chocolates and cuban coffee, but the only one that can detemine that is the urologo with one of the stones laready out and we don't have one yet, she is doing it in a strainger or some like that is called, scuse my english, to see if we catch one and examing it, we will see.....right now she is only on pain meds and antibiotics......

......Thanks again for all your concers......
The Chonchy
  • #36,289
  • Edited 5:27pm Oct 11, 2012 4:57pm | Edited 5:27pm
Quoting ingmarforex
It is good book i am now reading this 1 http://www.amazon.com/Dynamic-Hedgin.../dp/0471152803

If you or anyone have good books in recomendation pls let me know..
1) Technical Analysis of the financial markets by John j. Murphy
2) Trade Chart pattern like a pro by Suri Duddella
3) Reading Price charts Bar by Bar by Al Brooks
4) Forex price action scalping by Bob Volman
5) The splendor of recognition by Swami Shantananda.

EDIT:
6) Harmonic trading by Carney
7) Reminiscence of a stock operator.
Chaos is the law of nature; order is the dream of man.
  • #36,290
  • Oct 11, 2012 5:02pm Oct 11, 2012 5:02pm
Quoting ingmarforex
http://www.youtube.com/watch?v=9ug1w-pKzU0
......That guy was good man, I don't care what they say about him, he was good........
The Chonchy
  • #36,291
  • Oct 11, 2012 5:35pm Oct 11, 2012 5:35pm
Quoting Jackguar
This is the way I think:

What chances do we have as retailer on filtering fundamentals or news compare to the financial institution or similar? None.

The time the news is out the move already happened sometime days before.

So which one is our chance? The candle, Technical analysis. Market Action discounts everything.

If deep pocket are covering, it is showed, if they are not interested it is showed, if they buying it is showed. It is all there, so I do not see why I need to narrow my view with concepts. Whose concepts anyway? They do not know...
this is a discussion i have had with smikester and skynet, among others

real stories about QE1, 2 and the LTROs and one specifically that came up with ingmar last night in a few PMs over a sophisticated options trader i knew who blew one of the best rallies ever on the S&P last year because price defied fundamentals and technicals as it climbed ever higher......not the first i have seen either

i disagree, but that is all right. i think trading FA is subjective and subject to interpretation much as technical analysis is also subject to interpretation

some are more knowledgeable and skilled at it (FA and TA) than others (a few are skilled at both)

i can give a number of examples where the price was not priced in and there were terrific opportunities to profit by being aware of unfolding events in real time...

1 that comes to mind was the UN vote over whether to authorize a NATO intervention..i watched it live and as the vote was being counted and announced there was ample opportunity to get long Oil...

another was the coordinated intervention by G7 following the Japan tsunami....again was on station as the news was being leaked that an announcement was pending from the Japanese over the trillions of yen coming as stimulus.....long the a/j......you can look it all up on the charts and see how it played out in real time

this week i traded the Dow short.......it looked to me like it was lagging the rest of the equity complex (europe and NA) so thought it was a low risk short and missed ingmar's fade of the Nasdaq100 on NFP friday for a 4% drop in the matter of several days...

who knew about the Spain downgrade the other night except insiders maybe but there is a heads up one might be coming for Italy and France

it is the way i trade.......a subjective style i guess....i synthsize information and trade off of it along with technical levels....i have always had a natural interest in soc/ec/pol/geopol issues and how the dots get connected to price discovery

i am not that smart really, but smart enough to know what i don't know and to look for people who do....on the tech side i also scope out ones who i think are real smart at it.......not naming names but everyone knows who i am talking about...

for FA analysis my absolute favorite is Peter Tchir (comprehensive and correlated from bonds to equities to pricing CDS......i can give you lots of recent examples where his analysis was way ahead of market price especially in the context of europe

people here can tell you i was writing for a while about IBEX and MIB being leading indicators for general market direction and cross correlating that with what some others at FF were also seeing and writing about although at the time they were very much in the minority

i leave it at interpretation...............much like art imo.
  • #36,292
  • Oct 11, 2012 6:13pm Oct 11, 2012 6:13pm
Quoting chonchy
......That guy was good man, I don't care what they say about him, he was good........
True

Listen that remix verry good 1
  • #36,293
  • Oct 11, 2012 6:15pm Oct 11, 2012 6:15pm
Quoting Jackguar
1) Technical Analysis of the financial markets by John j. Murphy
2) Trade Chart pattern like a pro by Suri Duddella
3) Reading Price charts Bar by Bar by Al Brooks
4) Forex price action scalping by Bob Volman
5) The splendor of recognition by Swami Shantananda.

EDIT:
6) Harmonic trading by Carney
7) Reminiscence of a stock operator.
Thanks 1,2,3 7 i readed other 1s i didnt know allwel 1,7 are the only 1s from your list i really readed. Most technical books i see.
  • #36,294
  • Oct 11, 2012 6:16pm Oct 11, 2012 6:16pm
Like this 1 also see if can find second handed

http://www.amazon.com/Dark-Pools-Hig.../dp/0307887170
  • #36,295
  • Oct 11, 2012 6:21pm Oct 11, 2012 6:21pm
Quoting Jackguar
This is the way I think:

What chances do we have as retailer on filtering fundamentals or news compare to the financial institution or similar? None.

The time the news is out the move already happened sometime days before.

So which one is our chance? The candle, Technical analysis. Market Action discounts everything.

If deep pocket are covering, it is showed, if they are not interested it is showed, if they buying it is showed. It is all there, so I do not see why I need to narrow my view with concepts. Whose concepts anyway? They do...
speculation people who trade news getting fucked it is like chess think 1 way forward thats imo the main problem with people and fundamentals who react on the news. If there a rumours of something why fade it i think the mindset is probally the hardest thing imo but wtf do i know. Big people position themself before on the speculation well they exit when it is confirmed and the others buy it they provide the liquidity for them to exit. And when they confussed and fucked up and stoped out they buy it lower again..
  • #36,296
  • Oct 11, 2012 6:29pm Oct 11, 2012 6:29pm
Quoting ingmarforex
speculation people who trade news getting fucked it is like chess think 1 way forward thats imo the main problem with people and fundamentals who react on the news. If there a rumours of something why fade it i think the mindset is probally the hardest thing imo but wtf do i know. Big people position themself before on the speculation well they exit when it is confirmed and the others buy it they provide the liquidity for them to exit. And when they confussed and fucked up and stoped out they buy it lower again..
because they love to fuck with us creating a false sentiment to dirve everybody in one direction then reverse the crap out of it to take them all out. nice way to make profit.
  • #36,297
  • Oct 11, 2012 6:29pm Oct 11, 2012 6:29pm
you are getting close to your targets on nas100, ingmar
  • #36,298
  • Oct 11, 2012 6:32pm Oct 11, 2012 6:32pm
Quoting pkimnyc
because they love to fuck with us creating a false sentiment to dirve everybody in one direction then reverse the crap out of it to take them all out. nice way to make profit.
Yeah..

thats why i like the rotshchildt saying and probally the best quote for me then.

Buy when there is blood in the streets and sell the sound of the trumpets..

Another 1 from 1 of my mentors and friend

The thing there is no magic with trading,It all depends on sentiment strong sentiment pushes price through most levels, until sentiment changes. When no strong sentiment is present then small levels will be bought by the desk guys .moving things around to archieve their targets..
well think about it logically it makes sense
  • #36,299
  • Oct 11, 2012 6:37pm Oct 11, 2012 6:37pm
Quoting ingmarforex
Yeah..

thats why i like the rotshchildt saying and probally the best quote for me then.

Buy when there is blood in the streets and sell the sound of the trumpets..

Another 1 from 1 of my mentors and friend

The thing there is no magic with trading,It all depends on sentiment strong sentiment pushes price through most levels, until sentiment changes. When no strong sentiment is present then small levels will be bought by the desk guys .moving things around to archieve their targets..
well think about it logically it makes sense...
exactly... those bastards...
  • #36,300
  • Oct 11, 2012 6:44pm Oct 11, 2012 6:44pm
Quoting ingmarforex
Yeah..

thats why i like the rotshchildt saying and probally the best quote for me then.

Buy when there is blood in the streets and sell the sound of the trumpets..

Another 1 from 1 of my mentors and friend

The thing there is no magic with trading,It all depends on sentiment strong sentiment pushes price through most levels, until sentiment changes. When no strong sentiment is present then small levels will be bought by the desk guys .moving things around to archieve their targets..
well think about it logically it makes sense
real astute insight, imo
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