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Cesarnc's market talk, gossips, rumours & fun

  • #39,961
  • Nov 20, 2012 10:59pm Nov 20, 2012 10:59pm
Quoting Ill-b-back
I smell a big bull trap brewing on Cable Sir Chonchy.
If it is like I think it is, we see 1.3 on da Euro Sir Chonchy Sir
Draw the narrow monthly channel down Sir, no contact yet on upper channel line, we forgot something up there I think at 1.3 (nearly got it but bears were in too much of a hurry), then we collect the beer can down below.
Come with me if you want to live....
  • #39,962
  • Nov 21, 2012 12:06am Nov 21, 2012 12:06am
A morning No Deal...

The eurozone has failed in the night of Wednesday to reach an agreement paving the way for the release of financial assistance to Greece frozen for months, and will meet again on Monday to try to make a vital decision for countries threatened with suffocation. After more than 11 hours of discussion, the main creditors of Greece established a failure. "Progress has been made, but it takes a little more," said the director of the International Monetary Fund, Christine Lagarde. "The issues were so complex that we have not found a definitive solution," added the German Finance Minister, Wolfgang Schäuble.



In a statement, the Eurogroup said it had "made progress in putting his finger on a series of initiatives credible should greatly help improve the debt sustainability" Greek exploding and expected to climb to 190% of GDP in 2014. An unsustainable level. The meeting was interrupted "so that technical work can take place on certain elements of the package," according to the press release that announces a new meeting of finance ministers of the euro area in Brussels on Monday. Saying "a little disappointed" by the failure of negotiations, their leader, Jean-Claude Juncker, said that an agreement would be "possible Monday."

The ministers had gathered once again to agree on the payment to Greece a loan of up to 44 billion euros. They also had to find a common ground with other creditors, primarily the IMF on how to reduce the country's debt and how to fill a hole in funding of Greece without injecting new funds. For financial assistance from its creditors, Athens had to adopt a new set of austerity measures. On this point, the Eurogroup has welcomed the measures taken, both in the area of ​​fiscal consolidation, structural reforms or privatization. "These efforts demonstrate the strong commitment of the authorities (Greek) in terms of adjustment," the statement said. Ministers "have praised the efforts made by the Greek authorities and citizens."

Divergence

But the most sensitive point of the discussions was the reduction of the huge Greek debt hole and funding of 32 billion euros resulting from slippage of the first two aid schemes and within two years which will benefit the country carry out its fiscal adjustment. Last week, a discrepancy appeared between publicly IMF boss Christine Lagarde, Juncker and ready to push back the deadline from 2020 to 2022 at which Greece must reduce its debt to 120% of GDP. An option that refuses the IMF. Hole on the financing, creditors continue to pass the buck and the euro area excludes any new loan or debt forgiveness, difficult to be accepted by public opinion.

Many solutions are being explored. Among them, lower interest rate loans already granted to Greece, longer repayment periods or redemption by the country of some of its debt at a knockdown price. Ideas that "complexity is beyond comprehension," admitted the French Finance Minister Pierre Moscovici, in advance of the meeting. The ministers, however, progress on strengthening the control of payments to Greece, as was Berlin. "We have a better mechanism to allow Greece commitments are implemented gradually in the future," said Schäuble.
  • #39,963
  • Nov 21, 2012 12:07am Nov 21, 2012 12:07am
Quoting chonchy
http://www.youtube.com/watch?v=yDpFj...eature=related
Hey Chonchy... This is a wicked version of this song cheers.

In light of recent discussions.. What I always say to the "conspiracy theorists" (just my opinion).

Even if what you're saying is true...

 

  1. What are you/we possibly going to do about it?
  2. With all that power and evil against us we should simply be thankful we are allowed to live as we are. Free to trade, live, breathe, eat, sleep, marry, breed, live.
  3. would you consider your signature hypocritical?
  4. If we are so contained and controlled like a bunny in a trap.. the more we wiggle the tighter the trap gets. Think about it.

Music ; )


Inserted Video


Anyway sorry to invade your thread.. Just wanted to comment and thank you for that song.

Back to trading. GL
Time hides Nothing
  • #39,964
  • Nov 21, 2012 1:48am Nov 21, 2012 1:48am


http://www.jkonfx.com/wp-content/upl...icture-201.png
  • #39,965
  • Nov 21, 2012 1:55am Nov 21, 2012 1:55am
AUDUSD : and by the way EUR/AUD Too....

http://www.jkonfx.com/wp-content/upl...6/Cartoon1.jpg
  • #39,966
  • Nov 21, 2012 1:59am Nov 21, 2012 1:59am
Quoting Ill-b-back
I smell a big bull trap brewing on Cable Sir Chonchy.
If it is like I think it is, we see 1.3 on da Euro Sir Chonchy Sir
it hit the trend line to the pip Sir. Ill-b-back, the second formation, the first is already being beaten by the second, bulls are lossing the battle here me think, that is why it form a sub trend line lower, unless i'm wrong here, anyways I'm taking precautions and I'm planing to close all those shorts at 2700, just in case and reanalize this again.......

thrend linesare orm by two or more points and before it retested the second or lower trend line the two points were formed already......it maybe a trap, who knows, that is why is bether to follow the money after it takes off, or break out one way or the other, no bias, remember peters make that clear........
Attached Image (click to enlarge)
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The Chonchy
  • #39,967
  • Nov 21, 2012 2:01am Nov 21, 2012 2:01am
Quoting dswk


http://www.jkonfx.com/wp-content/upl...icture-201.png
The Chonchy
  • #39,968
  • Nov 21, 2012 2:02am Nov 21, 2012 2:02am
Quoting dswk
AUDUSD : and by the way EUR/AUD Too....

http://www.jkonfx.com/wp-content/upl...6/Cartoon1.jpg
The Chonchy
  • #39,969
  • Nov 21, 2012 2:14am Nov 21, 2012 2:14am
Quoting chonchy
it hit the trend line to the pip Sir. Ill-b-back, the second formation, the first is already being beaten by the second, bulls are lossing the battle here me think, that is why it form a sub trend line lower, unless i'm wrong here, anyways I'm taking precautions and I'm planing to close all those shorts at 2700, just in case and reanalize this again.......

thrend linesare orm by two or more points and before it retested the second or lower trend line the two points were formed already......it maybe a trap, who knows, that is why is bether...
Don't think this price action gets there near today - 2720.. has also provided some supports in past and may do it now as well - but the question - is somebody buying the dips in large contracts - not sure b'cause there is no continuation in the bear drops or trend - just price action is trying to cover it all up - still in range - bears can't take over if dips is being bought all the time - its visible in the price action patterns in recent times - i am not concluding that there cannot be a new low in days to come - but one should rethink about this patterns - as there were more fundamental news that would have taken this pair to much lower prices in other circumstances - but its still holding onto some thing that - yet to be known
finding A M S
  • #39,970
  • Nov 21, 2012 2:14am Nov 21, 2012 2:14am
Quoting CindyXXXX
Hey Chonchy... This is a wicked version of this song cheers.

In light of recent discussions.. What I always say to the "conspiracy theorists" (just my opinion).

Even if what you're saying is true...
[list][*]What are you/we possibly going to do about it?[*]With all that power and evil against us we should simply be thankful we are allowed to live as we are. Free to trade, live, breathe, eat, sleep, marry, breed, live.[*]would you consider your signature hypocritical? [*]If we are so contained and controlled like a bunny in a trap.....
.........well thanks for just being worrie, but we could just fight back, cut their winns, audit the federal reserve bank and end up abolishing it, learn, study, tell others about the dangers of printing inscontitutional illegal money out of thing air that they use to buy gold and get stronger and lend money to clowns to fight eachother for the same god with diferent clothes and diferent ideas, but the same human beings, stop listening to the elite that we need to fight for land and shiet when they own all the land that you think is yours but if you miss a payment it goes back to them, don't borrow their money anymore, don't use credit cars, buy stuff when you have the cash, lower minimun salary and increase import duties to goods coming from abroad so factories can open and hire people again, don't give up, don't die like a cower, die like a martir so others can keep fighting, they are not inmortals they just have traitors like Ben printing and lending money for them, stop the federal reserve bank, stop fractional banking, support the fighters and protesters, they are fighting for you, because you don't have what it takes to fight, because you give up, lost hopes and is undestandable, we all almost had, but a man came and open my eyes and brought me back to fight, to live again, to have hope again, and he is being doing it for me for 25 years now and his family and friends, including me will continue to fight or die trying, that man is Dr. Ron Paul, may god bless him........
The Chonchy
  • #39,971
  • Nov 21, 2012 2:17am Nov 21, 2012 2:17am
Quoting prashant7
Don't think this price action gets there near today - 2720.. has also provided some supports in past and may do it now as well - but the question - is somebody buying the dips in large contracts - not sure b'cause there is no continuation in the bear drops or trend - just price action is trying to cover it all up - still in range - bears can't take over if dips is being bought all the time - its visible in the price action patterns in recent times - i am not concluding that there cannot be a new low in days to come - but one should rethink about...
..........My god and they call me pesimist, and you are calling that is not going to go to 2720 and is almost 2727, 7 pips away and they call me pesimist, oh my , oh my, life and the human race lol.........oh well we will see, but anyways I will live another day, is call money mangement......
The Chonchy
  • #39,972
  • Nov 21, 2012 2:21am Nov 21, 2012 2:21am
Quoting prashant7
Don't think this price action gets there near today - 2720.. has also provided some supports in past and may do it now as well - but the question - is somebody buying the dips in large contracts - not sure b'cause there is no continuation in the bear drops or trend - just price action is trying to cover it all up - still in range - bears can't take over if dips is being bought all the time - its visible in the price action patterns in recent times - i am not concluding that there cannot be a new low in days to come - but one should rethink about...
is holding to Ben Bernanke's whalet that is too deep with all the ink and paper that they have being stilling form us since 1913........but it will drop, it will drop just wait and see, comon bears, go get them, lol.........
The Chonchy
  • #39,973
  • Nov 21, 2012 2:22am Nov 21, 2012 2:22am
Cesarnc's market talk, gossips, rumours & fun

19 traders viewing now, 5 are members: chonchyhttp://images.forexfactory.net/misc/10+kt.gif, Invisiblehttp://images.forexfactory.net/misc/10+kt.gif, prashant7+http://images.forexfactory.net/misc/7kt.gif, Verloc001, Lago

LAgo here again, wellcome back logo.........
The Chonchy
  • #39,974
  • Nov 21, 2012 2:27am Nov 21, 2012 2:27am
Quoting CindyXXXX
Hey Chonchy... This is a wicked version of this song cheers.

In light of recent discussions.. What I always say to the "conspiracy theorists" (just my opinion).

Even if what you're saying is true...
[list][*]What are you/we possibly going to do about it?[*]With all that power and evil against us we should simply be thankful we are allowed to live as we are. Free to trade, live, breathe, eat, sleep, marry, breed, live.[*]would you consider your signature hypocritical? [*]If we are so contained and controlled like a bunny in a trap.....
.........In deed it is a great song, dswk style, and thanks for posting here, is not an invacion of the thread is an honor to find some one to worrie about what is going on around us, but is all so simple, to fight, here is another for you........

Inserted Video
The Chonchy
  • #39,975
  • Nov 21, 2012 2:32am Nov 21, 2012 2:32am
.......I spoted 45condor in europe today in the morning, he was very happy.......LAgo was there, me think......



Inserted Video
The Chonchy
  • #39,976
  • Nov 21, 2012 2:34am Nov 21, 2012 2:34am
Quoting chonchy
..........My god and they call me pesimist, and you are calling that is not going to go to 2720 and is almost 2727, 7 pips away and they call me pesimist, oh my , oh my, life and the human race lol.........oh well we will see, but anyways I will live another day, is call money mangement......
So here is a chart - this chart speaks about the importance of 2858.. - fib 38.2 - daily close of low made earlier before dropping to new low - price action has to get there to accumulate some supply but breaking that trend line would gain some bull power - need to see this will be a good great range in coming weeks or even more than month - nope can't even imagine
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH821.png Size: 52 KB
finding A M S
  • #39,977
  • Nov 21, 2012 2:36am Nov 21, 2012 2:36am
........dswk......for you........

Inserted Video
The Chonchy
  • #39,978
  • Nov 21, 2012 2:38am Nov 21, 2012 2:38am
Quoting prashant7
So here is a chart - this chart speaks about the importance of 2858.. - fib 38.2 - daily close of low made earlier before dropping to new low - price action has to get there to accumulate some supply but breaking that trend line would gain some bull power - need to see this will be a good great range in coming weeks or even more than month - nope can't even imagine
maybe, maybe, remember no bias......good luck to you my friend, good luck to you.......thanks for ponitng it out to me........some music to you, while we wait.......

Inserted Video
The Chonchy
  • #39,979
  • Nov 21, 2012 2:49am Nov 21, 2012 2:49am
Inserted Video
The Chonchy
  • #39,980
  • Nov 21, 2012 2:56am Nov 21, 2012 2:56am
Inserted Video
The Chonchy
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