Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, December 28, 2000
shanghai bc 02:52 GMT December 24, 2000
Seasons Greetings to all..Thanks to all for your timely, professional and witty comments which really helped me a great deal in my trading..Good health and good fortune to all
Raven Please 22:33 GMT December 23, 2000
Allow me to use this wonderful forum to sincerely appreciate those who have exchanged and shared their views and insights generously with me in the Y2K;
(Alphabetically)
Andy – for his solid trading views over the gbp and euro;
ArtofYen – for his sharp yen and aud readings;
Athens – for his constant state of art tech views across the board;
BC – for his timely deep insightful readings on the number one beast – the Yen;
CapeTown – for his deadly comprehensive LINKS among the billion infos;
Dave – for his ultimate tech calls across the board;
DOOL – for his “poor” English but brilliant direction readings and timely flow updates;
Gecko – for his sharp gbp and cad calls;
Ibiza – for his hot trading views on both chf and euro;
Igrok – for his incredible readings on the CHF directions;
JP – for his astute trading idea in cable;
LAG – for his healthy, humorous and sharp readings in both GBP and CHF;
MK – for his beautiful well written English and the daily unique major forecasts;
NH – for his brilliant Fed watch and fundamental readings over the big picture;
Qindex – for his daily cool and unique tech forecasts across the board;
Shrimp – for his both tech and fundamental readings in euro;
TA – for his deadly accurate and timely flow warnings/updates;
Yippee – for his ultimate killing calls on both euro and yen (occasionally, the exotic minors such as Russia currency).
Once again, I am paying more than 45k annually for all kinds of FX services and found their quality and usefulness are not even close to the half of the views offered by those mentioned above at a “free of charge” basis…. So, thank you friends here and the big thanks to our Host GLOBAL VIEW DOT COM who made these all possible! Happy Holidays!
van Gecko 13:54 GMT December 18, 2000
morning.. seems like her Majesty is now into the X'mas giving spirt.. depending on how anxious one wanna do some last minute shopping, sell in front of 14780 if seen again, go in @ market now, or stop in on breach of 14660 or lower.. min. 100 pip stops to reduced odds of seeing Mrs Jubb (or Mrs Claus, ur call).. cheerios
London DJR 17:47 GMT December 14, 2000
(repost from earlier) france London re your harami cross. at what point will it change in to something completely different. I can see target of 1.4930/50 minimum.. 1.4710, and 1.4800 seen as trigger for move up. I can see we can dip to 1.4610, but to me it looks set to trade towards the 38.2 % retracment, and 200 day moving average before end of year. I have trouble with waiting until the end of the day, to say move has started, or a certain pattern has or has not formed, as one misses a good portion of move. Dave.,
van Gecko 17:43 GMT December 14, 2000
GBP long & medium trends down, short term from 11/24th up, this latest pop from 139 are very consistent with all of the previous 800 pip bounces from this eccentric old fella.. another opportunity for patient crocodiles to sell in front of 14800 again, risking 200 for 800+ pips.. or if one don't wanna do s/t top picking trades, could stop in @ 14500 or lower on breach of this s/t up channel from 139.. gl
van Gecko 16:40 GMT December 14, 2000
morning.. now that all these sucky north american election impurities gone.. hope we can have some nice old techie moves from here on.. great opportunities being presented for the Contintenials & others to reverse gravity & dig themselve out of the abysmal holes..
$/Cad.. the Geese is confirming its preferences for Dec/1st qtr seaonal flying tendencies.. that 149/156 channel now looks like an over done Turkey dinner... still on course for flights to the 15000, 14900 skies .. keep buying discounted tickets in front of 15300/30 if seen.. & store the parachutes above the 15400 shelves... cheerios & have a nice flight..
van Gecko 00:28 GMT December 17, 2000
GBP followup (or down).. just looked at that 4 hr raising channel from the 11/24th low.. odds are greatly increased for short postions if the market closes below 14450.. then go short on blips or go in @ market depending how many pips you wanna risk.. gl
van Gecko 19:34 GMT December 12, 2000
GBP, imo due for correction now to the 14300, 14200 levels across the board from hourly to weekly time frames.. micro term, odds better for dip after 5 up days.. long & medium trends down, we are at or near the top of the down channel or range.. better odds to grab the opportunity to sell it here or ahead of 14580 with stops above 14700 till the market proves that ur wrong.. god bless the Queen
Athens 18:23 GMT December 12, 2000
Thanks van Gecko. I also appreciate your straight market comments and respect particularly your self sarcasm when the market does not oblige. Not many can do that.
van Gecko 18:18 GMT December 12, 2000
Athens, i know u don't make promises, & imo anybody who beleives in 'FX whatever promises' deserve what they are promised.. i had ur honest "20 hr " FX work day & ur sharing of ur humble insights with GVI in mind when i mentioned the 'contrast'.. cheerios
Athens 18:09 GMT December 12, 2000
van Gecko, thanks for the contrast. But I have never promised anybody profits from the FX market nor my 20 hoyr day allows time for surfing or golfing (not that I like either).
van Gecko 17:42 GMT December 12, 2000
in contrast to that 'surfer" .. and that www.'foot in the mouth'.guy
van Gecko 17:40 GMT December 12, 2000
Athens, i respect & like your style better
van Gecko 18:41 GMT December 7, 2000
Euro.. s/t divergence trading tactics.. you are now seeing a "classic" good r/r set-up to sell the beast:
1. multiple confirmations of divergences from 12/4th in 4 hour price, MACD, & RSI
2. you are not 'bottom' picking against the l/t trend (like if you had got lucky & brought down in the sub 8400 levels)
3. you are selling with the l/t trend after a sizable bounce with 'no' retrace seen
4. the market had tested & failed a good technical level & is now at or near that level
you can sell on blips from here ahead of 8910 with stops above 8980, go in at market with stops above 8920, or go in @ 8820 or lower stop.. grab profits if seen, don't give them back, be contented with partial 20 to 50 pip grabs to the 8700? levels or till you get hit on your trail stops.. gl
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 analytic & 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 in-order to compensate for those times when we are wrong..
Seasons Greetings to all..Thanks to all for your timely, professional and witty comments which really helped me a great deal in my trading..Good health and good fortune to all
Raven Please 22:33 GMT December 23, 2000
Allow me to use this wonderful forum to sincerely appreciate those who have exchanged and shared their views and insights generously with me in the Y2K;
(Alphabetically)
Andy – for his solid trading views over the gbp and euro;
ArtofYen – for his sharp yen and aud readings;
Athens – for his constant state of art tech views across the board;
BC – for his timely deep insightful readings on the number one beast – the Yen;
CapeTown – for his deadly comprehensive LINKS among the billion infos;
Dave – for his ultimate tech calls across the board;
DOOL – for his “poor” English but brilliant direction readings and timely flow updates;
Gecko – for his sharp gbp and cad calls;
Ibiza – for his hot trading views on both chf and euro;
Igrok – for his incredible readings on the CHF directions;
JP – for his astute trading idea in cable;
LAG – for his healthy, humorous and sharp readings in both GBP and CHF;
MK – for his beautiful well written English and the daily unique major forecasts;
NH – for his brilliant Fed watch and fundamental readings over the big picture;
Qindex – for his daily cool and unique tech forecasts across the board;
Shrimp – for his both tech and fundamental readings in euro;
TA – for his deadly accurate and timely flow warnings/updates;
Yippee – for his ultimate killing calls on both euro and yen (occasionally, the exotic minors such as Russia currency).
Once again, I am paying more than 45k annually for all kinds of FX services and found their quality and usefulness are not even close to the half of the views offered by those mentioned above at a “free of charge” basis…. So, thank you friends here and the big thanks to our Host GLOBAL VIEW DOT COM who made these all possible! Happy Holidays!
van Gecko 13:54 GMT December 18, 2000
morning.. seems like her Majesty is now into the X'mas giving spirt.. depending on how anxious one wanna do some last minute shopping, sell in front of 14780 if seen again, go in @ market now, or stop in on breach of 14660 or lower.. min. 100 pip stops to reduced odds of seeing Mrs Jubb (or Mrs Claus, ur call).. cheerios
London DJR 17:47 GMT December 14, 2000
(repost from earlier) france London re your harami cross. at what point will it change in to something completely different. I can see target of 1.4930/50 minimum.. 1.4710, and 1.4800 seen as trigger for move up. I can see we can dip to 1.4610, but to me it looks set to trade towards the 38.2 % retracment, and 200 day moving average before end of year. I have trouble with waiting until the end of the day, to say move has started, or a certain pattern has or has not formed, as one misses a good portion of move. Dave.,
van Gecko 17:43 GMT December 14, 2000
GBP long & medium trends down, short term from 11/24th up, this latest pop from 139 are very consistent with all of the previous 800 pip bounces from this eccentric old fella.. another opportunity for patient crocodiles to sell in front of 14800 again, risking 200 for 800+ pips.. or if one don't wanna do s/t top picking trades, could stop in @ 14500 or lower on breach of this s/t up channel from 139.. gl
van Gecko 16:40 GMT December 14, 2000
morning.. now that all these sucky north american election impurities gone.. hope we can have some nice old techie moves from here on.. great opportunities being presented for the Contintenials & others to reverse gravity & dig themselve out of the abysmal holes..
$/Cad.. the Geese is confirming its preferences for Dec/1st qtr seaonal flying tendencies.. that 149/156 channel now looks like an over done Turkey dinner... still on course for flights to the 15000, 14900 skies .. keep buying discounted tickets in front of 15300/30 if seen.. & store the parachutes above the 15400 shelves... cheerios & have a nice flight..
van Gecko 00:28 GMT December 17, 2000
GBP followup (or down).. just looked at that 4 hr raising channel from the 11/24th low.. odds are greatly increased for short postions if the market closes below 14450.. then go short on blips or go in @ market depending how many pips you wanna risk.. gl
van Gecko 19:34 GMT December 12, 2000
GBP, imo due for correction now to the 14300, 14200 levels across the board from hourly to weekly time frames.. micro term, odds better for dip after 5 up days.. long & medium trends down, we are at or near the top of the down channel or range.. better odds to grab the opportunity to sell it here or ahead of 14580 with stops above 14700 till the market proves that ur wrong.. god bless the Queen
Athens 18:23 GMT December 12, 2000
Thanks van Gecko. I also appreciate your straight market comments and respect particularly your self sarcasm when the market does not oblige. Not many can do that.
van Gecko 18:18 GMT December 12, 2000
Athens, i know u don't make promises, & imo anybody who beleives in 'FX whatever promises' deserve what they are promised.. i had ur honest "20 hr " FX work day & ur sharing of ur humble insights with GVI in mind when i mentioned the 'contrast'.. cheerios
Athens 18:09 GMT December 12, 2000
van Gecko, thanks for the contrast. But I have never promised anybody profits from the FX market nor my 20 hoyr day allows time for surfing or golfing (not that I like either).
van Gecko 17:42 GMT December 12, 2000
in contrast to that 'surfer" .. and that www.'foot in the mouth'.guy
van Gecko 17:40 GMT December 12, 2000
Athens, i respect & like your style better
van Gecko 18:41 GMT December 7, 2000
Euro.. s/t divergence trading tactics.. you are now seeing a "classic" good r/r set-up to sell the beast:
1. multiple confirmations of divergences from 12/4th in 4 hour price, MACD, & RSI
2. you are not 'bottom' picking against the l/t trend (like if you had got lucky & brought down in the sub 8400 levels)
3. you are selling with the l/t trend after a sizable bounce with 'no' retrace seen
4. the market had tested & failed a good technical level & is now at or near that level
you can sell on blips from here ahead of 8910 with stops above 8980, go in at market with stops above 8920, or go in @ 8820 or lower stop.. grab profits if seen, don't give them back, be contented with partial 20 to 50 pip grabs to the 8700? levels or till you get hit on your trail stops.. gl
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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 analytic & 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 in-order to compensate for those times when we are wrong..
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