Cesarnc's market talk, gossips, rumours & fun

Awesome

eurusd strong.

wtf! last post 45 hr ago....
Where are you sir roro? sir carlos?

i hope everything is going well...

Hello all,
quick update on Euro FX futures, Dollar Index and S&P500 (no pictures sorry, but you can check the video on my blog).

Euro-Dollar FX currency futures

While lots of people think this is the start of a resumed move lower, I think this move lower is due to failure of a continuation higher in the lower timeframes.

Scenario 1. The upmove in the Euro is still intact and the current move lower is going to be an opportunity for bulls to add to their long positions. We have support starting at the 1.3040 area and if price does not pierce the 1.30 level, we could see a lift starting here into 1.3280 and then 1.3410 area before a larger retrace.

Scenario 2. If the 1.30 level is pierced on the downside price is going to move into the next area of anticipated long participation starting at 1.2980. Below 1.2926 there will still be the 1.2915-20 area of previous support.


Dollar Index futures.

I am sure a lot of people are interpreting today’s move like a confirmation that the Dollar bulls is still intact. Last week, however, an important extension area starting at 83.20 has failed. Failure came with DX price piercing the 82 level on the downside. The current move higher is probably due only to major pairs (EUR/USD, GPB/USD and USD/CAD) setting up for the next measured move (maybe with the exception of the USD/CAD which is trading the next traditional long, after failing the current sequence). The Dollar Index is trading the next short setup and resistance area starting at 82.70 and will keep its bearish stance below 83.15


S&P500 futures.

The S&P500 started profit taking right at the 1,593 highs, second target of the larger move started in November last year.


Scenario 1. The up-move in the stock index has not ended, but just paused. The next long setup and strong participation on the upside can be found starting at the 1,526 area. If price never moves below the 1,508 level we could witness a continuation higher in the summer into the 1,624 first target, and even higher into the 1,675 level.
Scenario 2. However, below 1,508 price could slide into the next larger (weekly) long setup and participation higher down at 1,416. I don’t think the FED will allow it at this stage.

As always I am interested in your thoughts.
Have a great eve.
Cheers
-fibstalker

hi guys, i hope you are all good

I been watching the GBPUSD for the last 12 hours and it is like a full on battle between Sampras and Agassi with neither side getting an advantage. Volume dramatically picks up if anyone makes a move. Does anyone know who the buyers and sellers are?

I think we need to start a chant. "Come back Carlos, Come back Carlos"!

The bulls are buying and the bears are selling,,, i will go where ever it goes

Come Back Carlos,,,,,,,, Comw Back Carlos,,,,,,

I think Fxmindset kid needs to appoligize carlos he comes in the thread like a seagull whe now what seagulls do they scream shit everything under and then flyaway. The mindset kid upsetted him kid nees to apoligize.

i am loss yesterday, now i stop trading. may be move to watching my TV

I was a very fair person and will always be and when am wrong then am will admit I'm wrong unlike others,Look In depth the overall problem before ask people for apologize

this is not my plate,I am done here


Gud Luck

Good call, Jasa.

Apropos of nothing, last Friday night, 12th April, I asked my better half what she would do if she was long on Gold. I showed her the chart. She was a bit non-commital, but admitted it did look bad. Monday came along and cleared out all the weak shorts. Just shows what she knows. Ha! She's usually right about everything else. That showed her. Everybody is talking about it this week. I don't think it's ever going back to $500 an ounce, but the news is good for currency traders.

I mean, wandering around in a post economic apocolypse with gold weighing down your strides isn't going to do you any good is it? And as for the paper gold, the index, well I'd like to see you cash that in and run around to the Gold Merchant and get your money's worth.

Here is a link if you might need more information.

Hello all,
following up on my latest update on the Euro FX futures, here is a new update and chart.

Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1366371867



The Euro is finding support at an extension area starting at 1.3040. On a smaller timeframe (4-hour) is ha resistance starting at 1.3105. This is a box play at the moment and the two levels to monitor are: 1.3132 on the upside and 1.3000 on the downside.

The two scenarios are:

Scenario 1. Price is at the 1.3100-05 area of resistance at the moment. If the Euro is capable of climbing above the 1.3132 level the support area starting at 1.3040 that held in the last days is confirmed. In that case, even if price should come back for a re-test, that support and long participation area could hold.

Scenario 2. If the resistance at 1.3100-05 sees participation on the short side, this could help price breaking the 1.3000 level and bring price slighly lower into the next area of support and long participation starting at the 1.2980. There price could also find the retail participation buying the test of the 20-day SMA. We could see a bounce towards new highs or at least towards the next resistance area starting at 1.3240.

Let me know what you think. The related video will be on my blog in the European afternoon.

Thanks
Cheers
-fibstalker

q

RIP