Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, December 08, 2006
the "falling dollar" @12/8
"van Gecko 10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720"
"Sydney ACC 16:58 GMT December 8, 2006
this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in both directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour"
Euro 1.3364->1.3193 GBP 1.9738->1.9519
______________________________________________
12/5 USDX @52wk Low 82.24 (euro@1.3362) specs increased their heavy shorts
the Falling Dollar on Economist Covers
EU ZORRO 18:48 GMT December 1, 2006
shanghai bc 18:38..
...I feel the same....IMO market will test CB's next weeks.....
...hope to see gold benefict from this story too.....
...would like to add that imo, it will be very dificult to buy EUROS again below 1,30 in the next year...
shanghai bc 18:38 GMT December 1, 2006
In all probability,this forex train from mid-Oct is unlikely to stop and reverse without cb interventions at some stage..It is at its early stage so far..Dolar Index 80 is a fair target,to start with..Whether Dollar can hold its multi-decade support 80 is a good question too..No matter what,do not stand in front of the train.
euro @1.3344 GBP @1.9846
van Gecko 09:01 GMT December 1, 2006
how much more fuel is left in the euro tank on this run will depend on her majesty's performance up here against the 25 year resistances and it may be of interest to note euro, GBP & their lead Crosses all started their 2 previous Thanksgiving runs from much lower historical levels & resistances then the current run.. that said, quacking ducks do get lucky once in a while as FxWorksInWackyWays..
"12:29 GMT November 28, 2006
it had been over a quarter century since GBP last visited the 2.00 moonscapes and all 6+ fig monthly extensions up to the 16 year range high 1.93/1.98 band are the end of the line for her majesty's bull soldiers..
so, with the odds stacked against her majesty poking its head above the 16 year range high, what are the odds for euro landing up at 1.36 again this year?"
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..
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720"
"Sydney ACC 16:58 GMT December 8, 2006this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in both directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour"
Euro 1.3364->1.3193 GBP 1.9738->1.9519
______________________________________________
12/5 USDX @52wk Low 82.24 (euro@1.3362) specs increased their heavy shorts
Labels: Euro
Friday, December 01, 2006
The "falling dollar" @12/1
the Falling Dollar on Economist CoversEU ZORRO 18:48 GMT December 1, 2006
shanghai bc 18:38..
...I feel the same....IMO market will test CB's next weeks.....
...hope to see gold benefict from this story too.....
...would like to add that imo, it will be very dificult to buy EUROS again below 1,30 in the next year...
shanghai bc 18:38 GMT December 1, 2006
In all probability,this forex train from mid-Oct is unlikely to stop and reverse without cb interventions at some stage..It is at its early stage so far..Dolar Index 80 is a fair target,to start with..Whether Dollar can hold its multi-decade support 80 is a good question too..No matter what,do not stand in front of the train.
euro @1.3344 GBP @1.9846
van Gecko 09:01 GMT December 1, 2006
how much more fuel is left in the euro tank on this run will depend on her majesty's performance up here against the 25 year resistances and it may be of interest to note euro, GBP & their lead Crosses all started their 2 previous Thanksgiving runs from much lower historical levels & resistances then the current run.. that said, quacking ducks do get lucky once in a while as FxWorksInWackyWays..
"12:29 GMT November 28, 2006
it had been over a quarter century since GBP last visited the 2.00 moonscapes and all 6+ fig monthly extensions up to the 16 year range high 1.93/1.98 band are the end of the line for her majesty's bull soldiers..
so, with the odds stacked against her majesty poking its head above the 16 year range high, what are the odds for euro landing up at 1.36 again this year?"
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..
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