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Walk the Talk from a fun loving discretionary trader 46 replies

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Cesarnc's market talk, gossips, rumours & fun

  • #46,081
  • Mar 26, 2015 11:21pm Mar 26, 2015 11:21pm
Quoting pilottrader
{quote} Would love it, but I'm only seeing a retrace to the daily 50EMA at 1.1196, which will probably drop to 1.1170 in the coming days.
...I wonder why we didn't even reach 1.1196 or 1.1170? the stupid war? fesking bastards, killing people all the time, clowns, shot the clowns, shoot them all, cesar used to say.....lol
The Chonchy
  • #46,082
  • Mar 27, 2015 2:17am Mar 27, 2015 2:17am
Quoting chonchy
.....This reaction to the war is unjustified and it should go back to the retrace me think, and I hope I'm not wrong in this, weekly is still pointing up oversold a lot but price is under the yellow ema 5 wish is bad for the longs, it could be a continuation of the shorts and the indis can keep oversold a bit more, so a retest of the lows is in the horizon.... {image}
Chonchy, I do not understand your plan about Magenta line. Your plan about sell close to Magenta line was perfect. An it crossed the EMA at 0,990..or something I do not know why you didn't wait. Of course that the drums of war, acelerated everything,oil movements, but I do not understand the reason you started to buy so close to the Magenta.
It has been rejected one time. Are you sure that it will go to the Magenta line again and cross it?
  • #46,083
  • Mar 27, 2015 3:58am Mar 27, 2015 3:58am
Quoting Lavanda
{quote} Chonchy, I do not understand your plan about Magenta line. Your plan about sell close to Magenta line was perfect. An it crossed the EMA at 0,990..or something I do not know why you didn't wait. Of course that the drums of war, acelerated everything,oil movements, but I do not understand the reason you started to buy so close to the Magenta. It has been rejected one time. Are you sure that it will go to the Magenta line again and cross it?
...Well, the way I trade is simple, support/resistance bounces using my moving averages, following the trend in the higher time frames and then entering true the smaller time frames, some times this bounces get off track and due to news and events, they go wild and I get trap or stuck, usually I get out of them fast but some times I fall sleep or get out of focus and one thing lead to another and the loss become too big, so I try to hedge it or add to the position, wish is very dangerous and I don't recommend it, this is one of the cases that I got trap and I added to the position without knowing that Arabia was bombarding yemen, by the time I found out it was late, apparently the conflict got bigger, or somebody know that is going to get bigger and people are taking refugee on the dollar, risk on, that is why I said earlier that it all depend on the difficulty of the conflict for this pair to go back to the retrace or not, or maybe the retrace is done and the pair want to keep going his normal long term trend down, the magenta line was a last high point that price needed to visit, after that the conflict erupted and all bets were off, now is hard to know the duration of this incident and for ended the duration of this move down, wish is considerable, at this point I'm blind as to what is really going on so is hard for me to tell you if we are going back to the magenta line or not, my hope is go back to 1.0885 to get out of this mess without losing any money, but if I don't see it before New York come in I will have to take a loss, wish is probably all my week's earnings, but hey not all can be winners, I tell you that, rinse and repeat, next week will be better, or not, I will keep trying that is for sure, good luck to you too...so the answer is no, I don't know if we are going to the magenta line again, but I added to my position and I don't need it to go up there anymore, I only need 1.0885......
The Chonchy
  • #46,084
  • Mar 27, 2015 4:03am Mar 27, 2015 4:03am
Quoting Lavanda
{quote} Chonchy, I do not understand your plan about Magenta line. Your plan about sell close to Magenta line was perfect. An it crossed the EMA at 0,990..or something I do not know why you didn't wait. Of course that the drums of war, acelerated everything,oil movements, but I do not understand the reason you started to buy so close to the Magenta. It has been rejected one time. Are you sure that it will go to the Magenta line again and cross it?
....I screw up...or the Arabians screw me up....
The Chonchy
  • #46,085
  • Mar 27, 2015 4:06am Mar 27, 2015 4:06am
....This is how my mess looks like now, the first magenta line is the high 1.1042 we will visit that some day in the future, but my exit now with the adds is 1.0885 the second magenta line.....wish me luck, I'm going to need it.....

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The Chonchy
  • #46,086
  • Mar 27, 2015 4:11am Mar 27, 2015 4:11am
Quoting chonchy
{quote} ....I screw up...or the Arabians screw me up....
Thanks cause your explanations. Good luck. Maybe GDP an Yellen will help you
  • #46,087
  • Mar 27, 2015 4:14am Mar 27, 2015 4:14am
Quoting Lavanda
{quote} Thanks cause your explanations. Good luck. Maybe GDP an Yellen will help you
...Every time it goes up it gets sold stronger, let see what happens, thanks, many pips to you....
The Chonchy
  • #46,088
  • Mar 27, 2015 4:17am Mar 27, 2015 4:17am
Quoting Lavanda
{quote} Thanks cause your explanations. Good luck. Maybe GDP an Yellen will help you
....Italian retails sales numbers first and Fisher also speaks at 6;30, and GDP also is coming....let see
The Chonchy
  • #46,089
  • Mar 27, 2015 5:14am Mar 27, 2015 5:14am
...Just like this GDP/USD is shooting up E/U should, but ......

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The Chonchy
  • #46,090
  • Mar 27, 2015 5:50am Mar 27, 2015 5:50am
Quoting chonchy
{quote} ..Well I wasn't and I'm in trouble, big trouble here.....if it doesn't turn up today I'm going to have to take a loss....some where at least.... {image}
Good luck on this trade. I'm still looking for 1.1180 before a drop to parity, so I believe in your trade. There will be a lot of movement today, with the GDP and Yellen.
Mark
  • #46,091
  • Mar 27, 2015 7:26am Mar 27, 2015 7:26am
Quoting pilottrader
{quote} Good luck on this trade. I'm still looking for 1.1180 before a drop to parity, so I believe in your trade. There will be a lot of movement today, with the GDP and Yellen.
...Well I almost made it with this last up before the GDP news at 8:30 , but no cigars....It got to 1.0874 and I need 1.0885....

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The Chonchy
  • #46,092
  • Mar 27, 2015 7:28am Mar 27, 2015 7:28am
Quoting chonchy
{quote} ...Well I almost made it with this last up before the GDP news at 8:30 , but no cigars....It got to 1.0874 and I need 1.0885.... {image}
I don't know...pretty close to what you want. GDP will start a day with big moves.
Mark
  • #46,093
  • Mar 27, 2015 7:47am Mar 27, 2015 7:47am
...Well I got out of this mess with a small profit, and still alive on the GDP/USD.....

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The Chonchy
  • #46,094
  • Mar 27, 2015 7:56am Mar 27, 2015 7:56am
I'm short from here....

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The Chonchy
  • #46,095
  • Mar 27, 2015 8:00am Mar 27, 2015 8:00am
Quoting pilottrader
{quote} I don't know...pretty close to what you want. GDP will start a day with big moves.
...It went over 1.0890, so I could has made some money with the large amount of lots I had, but it was to risky, I'm happy to get out with a little over 100 dollars.....now is easier....

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The Chonchy
  • #46,096
  • Mar 27, 2015 8:02am Mar 27, 2015 8:02am
...Lock in profits, just in case no more risks....

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The Chonchy
  • #46,097
  • Mar 27, 2015 8:03am Mar 27, 2015 8:03am
Quoting pilottrader
{quote} Good luck on this trade. I'm still looking for 1.1180 before a drop to parity, so I believe in your trade. There will be a lot of movement today, with the GDP and Yellen.
...Good call Mark.....
The Chonchy
  • #46,098
  • Mar 27, 2015 8:11am Mar 27, 2015 8:11am
....Now long.... for the remainder of the day, walk away with my gain in a very risky situation....I think we may have a shot to the upper magenta line after all, who knows, what Yellen may say, may take us up there, let see....

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The Chonchy
  • #46,099
  • Mar 27, 2015 10:54am Mar 27, 2015 10:54am
Quoting chonchy
{quote} ...It went over 1.0890, so I could has made some money with the large amount of lots I had, but it was to risky, I'm happy to get out with a little over 100 dollars.....now is easier.... {image}
Agree. I'll have some sell orders ready if we get over 1.1050.

USD/CAD making a move.
Mark
  • #46,100
  • Mar 27, 2015 4:50pm Mar 27, 2015 4:50pm
Quoting pilottrader
{quote} Agree. I'll have some sell orders ready if we get over 1.1050. USD/CAD making a move.
...Sounds good pilottrader, I'm on the side line on e/u and long g/u, lock in profits this time....


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The Chonchy
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