Cesarnc's market talk, gossips, rumours & fun

........very nice Sir. smikester, very nice singer and beutifull video also, beutifull in deed, thanks Sir. smikester.......

like you just said ,,, your charts not lining up and thats weird. These pennants are acting wierd too

Hey kids! Want to get banned from a thread? Just go there and speak your mind. I guarantee you won't be allowed to post again:

Crude Oil Bears Gain Downside Technical Momentum

by Jim Wyckoff

December crude oil closed lower on Wednesday as it extends the decline off September's high. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, the 75% retracement level of the June-September rally crossing at 84.64 is the next downside target. Closes above the 20-day moving average crossing at 91.05 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 91.05. Second resistance is last Friday's high crossing at 93.49. First support is the 75% retracement level of the June-September rally crossing at 84.64. Second support is the 87% retracement level of the June-September rally crossing at 81.89.
December heating oil closed lower on Wednesday as it extended the decline off last Friday's high. The mid-range close sets the stage for a steady opening when Thursday's night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, the 38% retracement level of the June-October rally crossing at 298.80 is the next downside target. Closes above last Friday's high crossing at 320.35 would confirm that a short-term low has been posted. First resistance is last Friday's high crossing at 322.69. Second resistance is this month's high crossing at 326.68. First support is today's low crossing at 300.36. Second support is the 38% retracement level of the June-October rally crossing at 298.80.

December unleaded gas closed lower on Wednesday as it extends this month's decline. The mid-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, the 50% retracement level of the June-October rally crossing at 253.49 is the next downside target. Closes above the 20-day moving average crossing at 275.36 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 275.36. Second resistance is this month's high crossing at 286.20. First support is today's low crossing at 255.98. Second support is the 50% retracement level of the June-October rally crossing at 253.49.

December Henry natural gas closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are diverging and have turned bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 3.768 would confirm that a short-term top has been posted. If December extends the rally off August's low, the 50% retracement level of the 2011-2012- decline crossing at 4.242 is the next upside target. First resistance is last Friday's high crossing at 3.970. Second resistance is the 50% retracement level of the 2011-2012-decline crossing at 4.242. First support is the 20-day moving average crossing at 3.768. Second support is the reaction low crossing at 3.728.

About the Author

Jim Wyckoff has been involved with the stock, financial and futures markets for more than 20 years. He was born and raised in Iowa, where he still resides.

Wyckoff became a financial journalist with Futures World News for many years, cutting his teeth as a reporter on the futures trading floors in Chicago and New York, where he covered every futures market traded in the United States at one time or another.

Not long after he began his career in financial journalism, he began studying technical analysis. By studying chart patterns and other technical indicators, he realized this approach to analyzing and trading markets could level the playing field between “professional insiders” in the markets and individual traders.

His extensive studies of technical analysis and knowledge of markets led to several positions, including chief technical analyst at several well-known companies. He says his mission is not just to generate profits for traders but to also provide them with educational and insightful information because, in the fascinating business of trading, one never stops learning.

Wyckoff received a Bachelor of Science degree at Iowa State University, graduating in 1984 with a major in journalism and a minor in economics. He and his wife have two children, a son in high school and a daughter in college.

When he’s not analyzing markets and educating traders, Wyckoff says he loves adventures, from driving a Jeep across the highest mountain pass in the continental United States to extreme winter camping in the Boundary Waters to hiking in the jungles of South America.

[quote=smikester;6132399]Hey kids! Want to get banned from a thread? Just go there and speak your mind. I guarantee you won't be allowed to post again:

hi bud you ok, which thread was that. I guess they are not traders OR are having a bad day lol. take care

[quote=billytt;6132405] Hi Billy TT. I'm fine. I have only just broke even in a slow week, just going into profit now... Hope all is well with you.

[quote=billytt;6132405] .....I think it was very rude to answer to Sir. smikester like that and they probrably have their policies but smikester was just trying to help them, inmature and rude is my take on it.......very proud of himself kid, he should apologise to Sir. Smikester or we all should go and make him do so......I will go if we all go.......I'm short by the way, I got stop all over the place now so I'm short, period......and upset for this wheel incident......

[quote=dswk;6132402]Crude Oil Bears Gain Downside Technical Momentum

by Jim Wyckoff

hi bud you ok, The thing is the world economy slows down and oil will surely fall. Talks are that it may drop to $82 the thing is though it wont just spike down or if it does i will be on it lol. it has a tendency to spike up and then drop ,,,this kills off the novice

[quote=smikester;6132424][quote=billytt;6132405] Hi Billy TT. I'm fine.


thats good to here. i am concentrating on oil and i love the big moves

bud i say we get base ball bats and visit that room and smash it up lol as a warning not to mess with smike

sorry I had to get some emergencies...

Why bother with people who can't trade and don't want anybody to show them another way? are they really worth our bother?

We're better off finding some pairs that really move, and make as much pips as we can

Smik : you made them a favour by showing them something.

[quote=chonchy;6132435] Don't you dare! Yep he is rude and very defensive. I was more worried about this where he kicked one of his members off the thread and as far as I know, the poor guy has never been back to Forex Factory: http://www.forexfactory.com/showthre...36#post6047236

That is what I was cross about.

Chonchy : the S/R chart ... safest trades are on the short side.
Don't worry, it is when and where you want.

billyt :
any metatrader broker that does oil? so that I can make these charts as well.
I feel I am wasting my time with forex. I might as well move to where volatility is.
I really need to find a way to pick the one that move well.

Interesting to see how the 50% fib showed a mini h&s pattern...
hmmm... this is in "hindsight". so not very useful. may be for next time.

A playlist for you u friends ... Selected by me. (around 50 tracks)

Enjoy and happy trading.

thank you dswk.
I will have to listen to it another day, as this computer sound not working.

I am actually checking out the harmonic patterns software.
However, what is the advantage of using harmonic instead of fibonacci ?

whenever i see "logo" name...what comes to mind is this song by gnarls barkley " CRAZY".

Hi Skynet,

Where have you been?
You have so much to teach.

GbpJpy might do a small pullback. I might get out at break-even
Actually time to get greedy. This Guppy might actually make the downmove
overnight. Who knows.

... EU going for a retest of the low... safe trade

f... this Guppy is rip for a 200pips move.. but I can't really see myself waiting over 2 weeks for 200pips , with all the risks out there.
==> or 100 pips or out tomorrow morning.
Stop in place. time to go now and cross fingers as to wake up with some guppy pips.