Gaining an Edge over the Forex game of Mind, Money, & Wealth
Sunday, October 03, 2010
Euro @10/01/10
Euro broke 200 day ma supported by eur/gbp & eur/jpy..
side to up bias above 1.33 target 1.50.. below 1.33 back to 1.30~>1.26
side to up bias above 1.33 target 1.50.. below 1.33 back to 1.30~>1.26
Labels: Euro
Friday, October 03, 2008
Gold @10/03/08
Long term trends rarely reverse quickly & markets often over-shoot & tease convictions with counter moves over a period of time prior to making any sustained turn.. Recent market volatility plus wide-range inter-market instability over the past few months may be the underlying dynamics to sustain the current end games across the board..
copper-gold weekly @10/03/08
copper is on the verge of painting a Golden Bear cross after 16 months of wide-range market volatility & the CRB index had given back almost all of the multi-year gain over the last 3 months..
gold-copper weekly @10/03/08
after touching 1000 in March, gold had shifted into catch-up gear with volatile wide-range negative M/T bias & flashing weekly cluster breaks below the 21&50 week ma for the first time since the initial run-up from 2002..
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gold monthly @10/03/08
gold over-shooting 850 is exhibiting the same 1980/81 blow-off topping formation in accord with classic price~time parameters.. sustained break below 800 under the prevailing global market dynamics could accelerate deferred liquidation down to the 600 & 500 dollar zones..
Dow-Gold weekly @10/03/08
gold not only failed to regain 1000 but is also displaying sympathetic M/T bias for the ongoing mess in the global equity markets.. any near term correction in equities could further tarnish L/T convictions & induce more long & mid-term liquidation..
copper-gold weekly @10/03/08copper is on the verge of painting a Golden Bear cross after 16 months of wide-range market volatility & the CRB index had given back almost all of the multi-year gain over the last 3 months..
gold-copper weekly @10/03/08after touching 1000 in March, gold had shifted into catch-up gear with volatile wide-range negative M/T bias & flashing weekly cluster breaks below the 21&50 week ma for the first time since the initial run-up from 2002..
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gold monthly @10/03/08gold over-shooting 850 is exhibiting the same 1980/81 blow-off topping formation in accord with classic price~time parameters.. sustained break below 800 under the prevailing global market dynamics could accelerate deferred liquidation down to the 600 & 500 dollar zones..
Dow-Gold weekly @10/03/08gold not only failed to regain 1000 but is also displaying sympathetic M/T bias for the ongoing mess in the global equity markets.. any near term correction in equities could further tarnish L/T convictions & induce more long & mid-term liquidation..
Labels: gold
Sunday, August 03, 2008
Market Snapshot @8/08
Euro struck in range 1.55/1.60 dancing to the tune of eur/gbp & eur/jpy
need break by the crosses to break range
Euro+UsdChf weekly92-08
DJI+Monthly96-08
DJI@11327, expect correction to 12250-12500 then sell-off to 10000-9500
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"Shanghai bc 11:48 GMT October 10, 2008
Eur/Usd's medium-term correction from 1.60 level coincides with medium-term correction of Eur/Jpy ..In other words,unwinding of Yen-Carry trades was the main force behind strength of Usd and weakness of Euro for the last three months..."
need break by the crosses to break range
Euro+UsdChf weekly92-08
DJI+Monthly96-08DJI@11327, expect correction to 12250-12500 then sell-off to 10000-9500
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"Shanghai bc 11:48 GMT October 10, 2008
Eur/Usd's medium-term correction from 1.60 level coincides with medium-term correction of Eur/Jpy ..In other words,unwinding of Yen-Carry trades was the main force behind strength of Usd and weakness of Euro for the last three months..."
Labels: Euro
Thursday, July 03, 2008
Euro @July/3
above 1.60 multi-year trend continuation
below 1.53 major correction to 1.45 ~>1.36
Weekly
Daily
"14:28 GMT February 28, 2008
Euro high 1.50's may be seen by default under the present inter-market dynamics.. this is as close to a no brainer BS play (Buy & Snooze) as one could wish for in this biz.. a win win scenario for Europhiles & Eur/Jpy Longkies.. cheerios"
below 1.53 major correction to 1.45 ~>1.36
Weekly
Daily"14:28 GMT February 28, 2008
Euro high 1.50's may be seen by default under the present inter-market dynamics.. this is as close to a no brainer BS play (Buy & Snooze) as one could wish for in this biz.. a win win scenario for Europhiles & Eur/Jpy Longkies.. cheerios"
Labels: Euro
Monday, November 19, 2007
Gold @November 19
another failure infront of the old 1980 highs..
past
present
future?
past
present
future?Labels: gold
Friday, July 27, 2007
Gold @July 27
another monthly failure in front of the old 1980 high while the daily, weekly & monthly ma clusters are pressuring the -'ve carry Goldies to sustain the market above 650 or risk a multi time frame dive..
a classic make or break scenario..
climbing the Gold mountain, 1980-2007
click to enlarge
@June 27
@January 15
@June 14 2006
a classic make or break scenario..
climbing the Gold mountain, 1980-2007
click to enlarge
@June 27
@January 15
@June 14 2006
Labels: gold
Wednesday, June 27, 2007
Gold 1980-2007
How come gold had stalled in front of the old 1980 high for the last 27 months after shooting up from 270? the same hyper scenario happened 27 years ago..
are savvy long term goldbugs waiting for another "27x27x270 dollar" fix cycle for the yellow metal?
Gold giving up half of it's year range after another failure to take out 700 must regain weekly 660 fast or risk dropping below 615 & the year lows.. with 1/2 year now gone, the onus is on momentum goldies to extend the yearly range above the 27 year highs or risk a range ratchet below 600 to regroup for another shot at 1000..
27 year Gold, click to enlarge
are savvy long term goldbugs waiting for another "27x27x270 dollar" fix cycle for the yellow metal?
Gold giving up half of it's year range after another failure to take out 700 must regain weekly 660 fast or risk dropping below 615 & the year lows.. with 1/2 year now gone, the onus is on momentum goldies to extend the yearly range above the 27 year highs or risk a range ratchet below 600 to regroup for another shot at 1000..
27 year Gold, click to enlarge
Labels: gold
Thursday, May 31, 2007
Usd/Jpy Singapore Sling @5/31
Solid mid-term continuation patterns with consecutive Quarterly tests on 122..
Good support for the dollar above 118 to mount a high probability break up to 125, the converging 18 year TL & monthly 200ma clusters..
Usd/Jpy monthly & weekly, click to enlarge
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Usd/Jpy Singapore Sling @1/11/07
@10/30/06
@9/29/06
@8/30/06
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytics & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band inorder to compensate for those times when we are wrong..
Good support for the dollar above 118 to mount a high probability break up to 125, the converging 18 year TL & monthly 200ma clusters..
Usd/Jpy monthly & weekly, click to enlarge
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Usd/Jpy Singapore Sling @1/11/07
@10/30/06
@9/29/06
@8/30/06
__________________________________________________
Labels: Usd/Jpy
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytics & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band inorder to compensate for those times when we are wrong..
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