Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, February 21, 2006
the Path of the Euro.. a 5 figure Slide for the new year & counting..
Past,
Present,
'Future'
on the road to Parity?
Labels: Euro
Saturday, February 18, 2006
Euro's multi figure New Year Slide from 1.23 now in full swing with a pattern & inter-market dynamics similiar to the September 2005 Slide..
1.23 --> 1.16--> 1.19--> 1.13 ?
click on image to view full size chart
//
"18:48 GMT August 31, 2005 euro @1.2350
.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones.."
//
September 2005 Slide;
click on image to view full size chart
Euro Weekly Chart
- December/January are pivotal months as they tends to define the high or low for the following year
- The 3 year up trend reversed after the 12/26/05 weekly Gravestone candle from 1.36
- followed by a 2000 pip down trend in 2006 with confirmed Golden crossing
- 1/22/06 another Gravestone candle rejection from the weekly 50ma
- Dollar bull year 2 starting ?
click on image to view full size chart
_________________________________________
"08:19 GMT January 14, 2005
"eur/usd & usd/chf now converging from multi-year diametrically opposite extreme levels.. sometime in the near future, the twins will meet at/near 1.25 then say good bye to each other for a long long time.." ie.
converging to 1.25
eur/usd 1.36->1.32->1.30-> * 1.25 <-1.19<-1.17<-1.13 usd/chf
diverging from 1.25
usd/chf 1.36<-1.32<-1.30<- * 1.25 ->1.19->1.17->1.13 eur/usd"
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..
1.23 --> 1.16--> 1.19--> 1.13 ?
click on image to view full size chart
Labels: Euro
//
"18:48 GMT August 31, 2005 euro @1.2350
.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones.."
//
September 2005 Slide;
click on image to view full size chart
Labels: Euro
Friday, February 03, 2006
Euro Weekly Chart
- December/January are pivotal months as they tends to define the high or low for the following year
- The 3 year up trend reversed after the 12/26/05 weekly Gravestone candle from 1.36
- followed by a 2000 pip down trend in 2006 with confirmed Golden crossing
- 1/22/06 another Gravestone candle rejection from the weekly 50ma
- Dollar bull year 2 starting ?
click on image to view full size chart
_________________________________________
"08:19 GMT January 14, 2005
"eur/usd & usd/chf now converging from multi-year diametrically opposite extreme levels.. sometime in the near future, the twins will meet at/near 1.25 then say good bye to each other for a long long time.." ie.
converging to 1.25
eur/usd 1.36->1.32->1.30-> * 1.25 <-1.19<-1.17<-1.13 usd/chf
diverging from 1.25
usd/chf 1.36<-1.32<-1.30<- * 1.25 ->1.19->1.17->1.13 eur/usd"
Labels: Euro
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..
Chart Archives
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