Gaining an Edge over the Forex game of Mind, Money, & Wealth

Monday, September 30, 2002
Varna GV 13:34 GMT September 30, 2002
Qindex,your predictions and(Gecko;BC)commentary are the best thing on this forum!!!
Goog luck and good trade!!!
NY TS 16:36 GMT September 27, 2002
FRANCE
yes i remember that one well, almost scary how accurate he was on gbp/jpy and eur/jpy
France ¥€$-OG-¥€$ 16:34 GMT September 27, 2002
van Gecko 16:54 GMT September 23, 2002
some profit taking by fat Japanese bulls here..
near term, Usd/Jpy 121.5.. Eur/Jpy 119.5.. Gbp/Jpy 190.. if seen will be a vely Good Buy & hold for the next 800 to 1200 pips..
France ¥€$-OG-¥€$ 16:28 GMT September 27, 2002
Patience...after rapatriation week its uptrend continuation..(Gecko called it very good...2 days down and after up)
ny ts 14:08 GMT September 26, 2002
sorry we are there in gbp/jpy 190.5
great call!
ny ts 14:05 GMT September 26, 2002
van gecko
beautiful call in eur/jpy, $jpy and not quite there in gbp/jpy
gl
van Gecko 15:21 GMT September 25, 2002
¥€$-OG-¥€$
$/Japanese Southern Express train;
now painting a Baby Butterfly Reversal on the heel of a failed 4hr Upside Butterfly Reversal attempt.. this is a very rare Double Butterfly Reversal pattern to the downside with implicit micro negative overtones for $bulls..
if you are a patient frequent flier.. try scaling in your return seats to Toyko within the 121.50 to 120.50 support band..
gl..
van Gecko 13:23 GMT September 25, 2002
good evening Kevin.. all 3 xxx/Japanese bulls had found initial support earlier from some new born bulls after breaking up out of their multi-month ranges..
s/t, the raging trio could still rise to new heights, but after an extended 3+ week run in September, they may need a bit more then a shallow 200 pip dip to generate more liquidity from the patient m/t bulls..
over the short to medium terms.. the Japanese trio seems to be poised for a shift up new trading zones while the Europeans could be left behind range bounded & languish ..
Cheerios..
van Gecko 12:23 GMT September 25, 2002
the trio of southbound Japanese trains are still on course to New York..
Eur/Japanese is the leader.. targeting the 119.50/30's..
followed by Gbp/Japanese.. re-targeting the 190.50/30's..
$/Japanese is the trailer here.. refuling for the low 122's.. sub 122's today or tommorrow..
have a nice train ride..
;
hk ab 11:09.. frequent flyers purchased more discount tickets on dips..
have a nice flight..
van Gecko 16:54 GMT September 23, 2002
some profit taking by fat Japanese bulls here..
near term, Usd/Jpy 121.5.. Eur/Jpy 119.5.. Gbp/Jpy 190.. if seen will be a vely Good Buy & hold for the next 800 to 1200 pips..
van Gecko 17:23 GMT September 21, 2002
Bucharest Mihai 16:58.. long time no see! i thought you had retired in beautiful Bucharest..;)
buy Usd/Jpy.. Eur/Jpy.. Gbp/Jpy across the board.. go snooze in Buharest (or go on an extended Medterrean cruise..;) and collect your 800 to a 1000+ pips in a month or two..
how's that for "Buy.. Hold.. Snooze.. & eventually get Fat" positional plays ?
as usual, my fwiw disclaimers applies here.. ;)
NYC YIPPEE 03:36 GMT September 20, 2002
Hey Irish this JPY is causing us both misery......
NY mhi 02:37 GMT September 20, 2002
van Gecko 02:30 GMT September 20, 2002
Your analysis is a pleasure to read and making this forum brighter. Regarding your 156/160 target on usd/chf is this because you belive the dollar has to correct further in order to fall.
van Gecko 02:30 GMT September 20, 2002
HK ooozmeeh.. USD/CHF seems to be the victim of some tactical cross play in EUR/CHF & GBP/CHF here..
i expect after some consolidation here @ 1.48 with a possible under-shot extension down to 1.4750's, $Swissy should resume it's s/t up-trend bias to the 1.56.. 1.60.. m/t targets .
twin brother Euro is not going anywhere soon from here with Eur/Gbp @ good resist & Eur/Chf may had peaked up the @1.47's multi-month range top & is still undergoing a sell off down to the 1.45's..
HK ooozmeeh 01:21 GMT September 20, 2002
GECKO... any views on USDCHF. tia.
van Gecko 00:37 GMT September 20, 2002
"Hook.. Line.. & Sinker.. ?"
with Eur/Jpy above the 119.5 multi year range top, good odds for Usd/Jpy to had just seen the 'required sub 121 retracment/consolidation' after last week's range expansion break-out..
above 122.. Usd/Jpy is well on the way to paint a powerful daily rising 3 finger buy fractal to take out 123 for trend continuation up to the m/t 126+ target..
van Gecko 16:14 GMT September 19, 2002
support @121 is the hook.. above 121.7 is the line.. over 122 may be the sinker.. ?
van Gecko 15:30 GMT September 19, 2002
hk ab.. i thought you had gone zzz in HK.. sorry i missed your 14:23, watching Crosses are useful foecasting tools.. must find a balance here between the risk of getting "Cross eyed" or getting "double Crossed".. ;)
as for the eccentric Goose itself, watch 1.58.. a daily close above would imply a 2 day Reversal Fractal from the rising m/t up channel.. only a double daily or a weekly close below 1.55 would negat the near term upside targets of 1.59/1.6xx..
have a nice flight..
HK ooozmeeh 13:56 GMT September 19, 2002
GECKO 13:40 One thing i highly appreciate from you, is never forget the "basics" whenever you post your opinion. more power to you "EL MAESTRO". ciao!
van Gecko 13:40 GMT September 19, 2002
usd/jpy above 120, some m/t dollar bulls sees Green & the Buck rising all the way up to 126's.. Fx does not work in a straight line up or down.. daily & weekly post run up/down corrective pip noises must be expected & allow for..
more Cheerios for m/t dollar bulls & bears.. ;)
van Gecko 14:15 GMT September 18, 2002
short/medium term.. market is short dollar to the tilt..
near term.. market is long dollar..
mini term.. dollar need to shed a tag more steam before resuming it's "counter rallies"..
so Euro above 98, Usd/Chf sub 150, & Usd/Jpy sub 121 are reasonable targets..
cheers..
van Gecko 16:31 GMT September 17, 2002
thank you Chennai DRSivaraman ..
if we could do a memory flush & learn to re-program our mindset to think "counter human" trading.. then, i think it would go a long way to revese our life long impulsive habits & the natural instincts of buying at the tops & selling at the bottoms..
Chennai DRSivaraman 16:15 GMT September 17, 2002
van Gecko 15:37 GMT - the market operators are forced to do the level shifting .....they need to make more money by margin calls and distress trading of the day traders,position traders,funds and even the smaller banks.....the long range they normally follow is 1500 - 2000 pips with 4-5 months perspectives.....hence we find the year low and high and at times the earlier year high becomes the year low for the next year.....so it is better to understand their full intentions and try to cut the adverse position within a short period will avoid the margin call.
van Gecko 15:37 GMT September 17, 2002
near term, almost all of the majors & their crosses had meet their respective 3 month range bottoms/tops..
if the market 'operators'(Chennai DrSivaraman?) are content with these target objectives.. then the market could re-target the other end of the m/t range.. if not, after some blips & dips from here, all pairs should continue with their level shifting process of up/down to the next trading zones.. right now, the market bias is for level shifting..
cheerios..
van Gecko 13:40 GMT September 16, 2002
revdax.. this year's Chinese Mid-Autumn Moon festival also conincides with the western full moon on Saturday 9/21th.. since Friday is the last trading day before this rare clustered moonie phonemonom, may be the up coming market voliatity will depend on wheater the HK & Shanghainese traders will consume excessive moon cakes before, on, or after 9/16th..
not sure about tourist will be eating moon cakes for a long time until the next summer at those rizy Vancouver hotels.. but i think they habitually donate left over moon cakes to the Salvation army to promote the spirit of the Moon Festival..
hk revdax 12:59 GMT September 16, 2002
The coming Friday(Sept 20) should be the Chinese Moon Festival. Such a festival in the past has been related to TRD, reversal, mathematical clustering, etc. in currencies but all in all volalitity in the ccy market is expected to increase on that day's time frame. Thus while you will be eating moon cakes (or ice cream cake in case the festival has been modernized), don't lose sight of the high probability that the cosmic forces have their way of being played out in a manner that does not necessarily go along with the logics with which we are conventionally familiar...from the star gazers in China.
van Gecko 12:27 GMT September 16, 2002
of forum posts.. "recomendation.. responsibility.. & apology"..
right or wrong, what you read here should be treated as un-solicited opinions only & as for what it is worth freebie ideas..
not even a born again Hudini, is going to magically take our hand & guide us through trades from entry to exit..
less complaining & more provocative views (& less stuffy, yawn inducing stereotypes) are needed here to induce & generate trading ideas among our Global friends..
preaching holy self-righteousness.. trading rant, raves, & nip-picking over un-solicited posts should be deemed counter pip'ductive to this 'come & go as you please free thinking' forum..
Cheerios..
van Gecko 02:18 GMT September 16, 2002
Tor.. any dips down to the rising 8hr 21ma & 4 hr 50ma will attract buying interests from $/Cad trend following bulls..
stop loss is a function of indvidual risk profile, trade management, & trading time frames.. in general, you might want to get out on a 2 bar violation of the 21ma for your trading time frame..
gl
van Gecko 15:37 GMT September 15, 2002
To stop loss or not to stop loss.. ??
think of trading as a simple "election process".. you are out to win the vote of the market..
when your trade go really haywire to the point where you start to hope for the market to turn around a bit so you can bail-out at a "better level" .. at this point, this should be your absolute bail-out/stop-loss point..
it's like the losing candidate conceding defeat in an election.. "..the people has spoken..
in your case, the market has spoken.. and you should conced defeat.. preserve whatever left of your capital.. lay low.. and fight again another day..
have a pleasant week..
Chennai DRSivaraman 03:49 GMT September 15, 2002
Athens 18:16 GMT September 14, 2002 - thanks for the views.
what we call the "aberration" - called as market swings also.The market becomes a surprise only when it moves against our view then the disappointment.But if we become objective in our views thinking of both possible moves ie +ve and -ve moves,then only our trading strategy will help.Then we should not try to substantiate our views out od ego,instead if we can sail along the current.
My simple observation among traders is when a stop is triggered they become upset and think how to avoid placing stops a possible step to avoid the small equity erosions,but instead it leads to "bloodshed" in the absence of the stop.
So the simplest procedure to recover the stop loss could be identification of the operator intention......know the strength of your opponent to guage the success in your race.
van Gecko 20:06 GMT September 14, 2002
Chennai DRSivaraman 17:49 GMT thank you for your USD views..
as for your "...I gave the sugegstion for the position trading and I got only the noise from the friends from the forum to keep shut..." unfortunately, most of us tends to agree to disagree in almost everything in life, such as the present 'horse trading methods & time frames' between prez Bush & that desert fox Saddam Hussein ..in these days of fast food, fast pc, fast everything.. we are brain-washed into being impatient & expect fast results in our lives, Fx trading pips included..
the differences between positional & intraday pip-picking is like night & day (patience, capital, trade management etc).. & in general, the majority of traders tends to start out & prefer day trading as most want quick results and put a limit to potential profits because of fear..
have a nice day..
Athens 18:16 GMT September 14, 2002
Chennai DRSivaraman 17:49 "...But actually you would have noticed all my position trading recommendations came true ..." /// I think I remember you suggesting in the past to other forum participants to be humble... Futhermore an academic view practically is a totally different issue from a trading operation. I.e. it usually is the marginal extension of a given movement that causes most of the "bloodshed", what we call the "aberration". Sure, any experienced trader or analyst (or most of them) can "smell" an incoming exhaustion of a trend, however it is the extra 200-300 points that are enough to "kil" a trader unless he/she has very deep pockets (the analyst always escapes...)
Chennai DRSivaraman 17:49 GMT September 14, 2002
van Gecko 16:05 GMT - I gave the sugegstion for the position trading and I got only the noise from the friends from the forum to keep shut.But actually you would have noticed all my position trading recommendations came true ..
I expect USD to gain with volatile moves till 14 Oct and we may observe the new trading zone from next week onwards in all pairs....
van Gecko 16:05 GMT September 14, 2002
i beleive nobody in this biz will ever know the lag/lead time & market direction for certain unless they possess that uncanny instinctive desire to join the Fx Gods of the Past..
Ebed.. one of the trick in positional trading is to identified a market directional bias as in your 15:37.. predetermine your amount of risk to the expected reward.. enter the market.. try not to let the daily pip noise affect your analytics.. and let the market take you up or down to wherever it wants to go..
Bne Ebed 15:26 GMT September 14, 2002
Most fail because they lack discipline and self-control (something i still struggle with). Most want quick results and cut potential profits short because of fear. Although positional trading is generally more profitable (for the highly disciplined trader) it is less practical. Hence, day trading (although risky) is probably more suitable for the majority of those that are prepared to sit by a screen for a good part of a day. One's trading style should be suited to their personality style (psychologically harmonious), otherwise one's cognitive psycho-reasoning skills is constrained by patterns that go against one's grain.
van Gecko 15:21 GMT September 14, 2002
Dallas dc.. nice analytics.. not sure about 132.2, but 126's looks good..
certain major levels stand up like sore thumbs in the IMM futures charts.. they are excellent analytical tools to supplement the spot charts..
phils VL 14:47 GMT September 14, 2002
Haifa ac//The insecurity of change and the emotional discomfort it brings has held back many of us, and one tends to be paralysed, stubborn or less nimble.
It's a question of de-energising our beliefs with intensity and resolve (and not a function of time at all)that one can progessively ... and wilfully behave outside our belief limits and learn how to take conscious control of our actions. The few truly successful traders excel in this discipline.
Haifa ac 14:24 GMT September 14, 2002
phils VL 14:15 GMT // True. One of the hardests things for humans is change. We strive for "stability". Successful traders have no preconcieved notion of markets and are capable of changing on the spot. This approach has rewarded them enough times to behaviorally induce such behavior. Those who were not so lucky to have that Skinner effect-- must realize that trading is a very organized business. The secret word is organization. It must included defense mechanisms that the SYSTEM will impose on a trader once he/she is faltering. Most successful traders have 2-6 models they use (and trust) and do not veer from them. Discipline is a nice word-- but unless you ORGANIZE disciplined mechanisms into your system-- you are liable to get hurt.
phils VL 14:15 GMT September 14, 2002
Haifa ac//
support your pragmatic and down-to-earth perspective on trading.
Must add however there are very few of us ( I'm far from this stage)who have developed the uncanny ability to repeatedly change our mental perspective at will to react successfully to endless types of market movements! Most of us tend to be locked by our own beliefs or belief system that contradicts the environment around us.
When the market "fails" to conform to our preconceived mental image,we make up the diff. with distortions and illusions and of course suffer later.... and the cycle goes round and on and on, until perhaps the pain of financial loss makes it so much easier to frog-leap our own stubborn beliefs.
good w/e and happy holiday
Haifa ac 11:48 GMT September 14, 2002
Paris JOM 11:04 // Good post. Trading is 180 degrees opposite to life. (Jesse Livermore said it beautifully on page 132 of the soft cover). There is no second prize in trading. You lose-- you lose. The only correct question to be asked in trading ( contrary to business and marriage) is NOT "how to make money?" but rather "how NOT to lose money?". Never ask youself "WHat if I am right?" ( i.e. the pile of gold at the end of the rainbow). Always ask yourself--"WHAT IF I AM WRONG?". (i.e. the pile of $hit at the end of the rainbow).
MDS PVR 09:49 GMT September 14, 2002
Haifa ac., 08.48 gmt., perfect and brilliant analysis. Probably the hitch is in the communication.These days I say 'it is indeed an interesting viewpoint' whenever there is a case for a vehement disagreement. But, keep coming in., you do have a very distinct way of looking at the market and...life. regards.
Haifa ac 08:48 GMT September 14, 2002
A few more words on the Yippee tackle Friday the 13th.
Trading is a business. If you look at 10 P&Ls the normal distribution is valid: 67% (plus/minus 1 std. dev) should be 3 small losses balanced by 3 small gains (washout). 2 big losses lying to the left of the curve and 2 big gains at the right. The trick of survival is eliminating the 2 big losses (killers). Linda Raschke says she waddles 16 days a month and makes her money in 2 big days.
So how do you avoid the 2 big losses? Huh. You never know which one of the 10 trades will become that one. That is why if you trade without a stop-- you are going to die. Sooner of later.
What if you have a view?
That is hard.
Good traders always try to play the devil's advocate and take the other side ( at least in their mind).
My argument with Yippee was theoretical rather than specific.
Rather than declaring that the market is wrong ("false breakout") It is better (from the BUSINESS POINT OF VIEW) to ask--"What-IF?" (to plagiarize Hewlett Packard)
What if the market is right? How big is my loss?
There are very bew Ed Seykottas, or Warren Buffets. But even Richard Dennis lost hundreds of millions when he assumed that his turtle trades are going to make money after he sold them to his Ninjas. (Not that I know how he lost his money, just one hypothesis). Fast well.
Paris JOM 17:22 GMT September 13, 2002
van Gecko San:
I think you need to have yourself vaccinated ! Noodygirl admited herself that she has incured a case of "Gecko tongue"....and its true !, her "slip-us-the-latest-slithering-snake-insider-info" is sounding more and more like poetry from lotus land by the day (night).
:)) Good weekend my friend.
phils VL 16:38 GMT September 13, 2002
USD/JPY has gone bazookas. If it continues up, and Eur/Jpy unable to catch up and contained, EUR/USD is trapped at the cleaners.
van Gecko 16:36 GMT September 13, 2002
Usd/Jpy.. this is the real deal.. you might see a reaction up at 122.88/123.. any dips infront of 120.50 may be scooped up like thirty Sumo warriors hoaring yammy Sake rice wine..;)
Haifa ac 16:27 GMT September 13, 2002
NYC YIPPEE 16:23 GMT //I see a false break out .
Sorry, buddy. You don't "SEE" a false break out. You HOPE for one. You are biased. You are telling the market it is wrong. THat is not good.
If the market does not mind showing its cards on Friday that means it is in a great hurry and Monday will be a strong day. Better wait for the market to SHOW you it is a "false break out".
Besides if you are right-- you will have plenty of space to join it on a break below 119. Right now you are blind.
NYC YIPPEE 16:23 GMT September 13, 2002
Hafia ac Call it panic or liquidation "a break out" today is causing a flury of selling JPY. Rumours upon rumours of negative Jap stories from Oil to taxes floating around. I see a false break out and am happy to see 121.75/122.50 as a temp top in this move. Technically I will not argue against your obversations.............
Haifa ac 16:17 GMT September 13, 2002
NYC YIPPEE 16:12 GMT September 13, 2002
USD/JPY 125 ?? Not the first time that I would of eaten my hat but you can have them all here..... 121.75/122.50... The buying is over.....//
Please explain last 4 words. Above 4 month high--a whole slew of new buyers is coming in. THose who look at the weeked results and buy 1% above a major breakout ( the Steinhardts of the world). What do you mean buying is over? After all at each time frame and at each mega level DIFFERENT class of buyers and sellers enter the game...
NYC YIPPEE 16:12 GMT September 13, 2002
USD/JPY 125 ?? Not the first time that I would of eaten my hat but you can have them all here..... 121.75/122.50... The buying is over.....
ny ts 16:00 GMT September 13, 2002
Japanese tarriff lifting targets mainly european and UK auto products so this will impact eur/jpy and gbp/jpy the most.Other products also mentioned esp high tech.
Hats off to Van Gecko who called this move at 118.00 $jpy
spotforex NY 16:00 GMT September 13, 2002
euro below .9690 does look bleak vs the USD and that apple might fall out of Van Gecko's tree.....
van Gecko 14:26 GMT September 13, 2002
Bangkok.. yes, your dealer is right.. Euro above 9800 is compliment of Eur/Jpy..
it's main guide dog Eur/Gbp's near term fate is down at the .6250/30's again..
Eur/Jpy is still being contained within it's l/t range.. near term, it must take out the 118.50/80 secondary resist.. s/t, nothing to get excited until it close weekly above the 119.50's..
van Gecko 15:49 GMT September 12, 2002
ab.. near term, great odds for all of the majors to had form an intermediate/swing top/bottom & are in the process of re-targeting their respective 3 month range bottom/top from here.. with the Euro$ down @ the low 96's $/Cad could re-print the 1.60's..
van Gecko 15:01 GMT September 12, 2002
morning Osk.. Cable & the Euro twins (Swissy & kid brother Euro) are stalling for time before resuming their s/m/t merry GO south journeys.. s/t target is 1.52, the 3 month range bottom.. s/t short marching (positional) trading tactic is SOB on Blips to your risk levels & SOS on break of 1.55 & 1.54..
gl
ab 14:40.. CAD or $/CAD ?
Mex Osk 14:31 GMT September 12, 2002
Good morning all!
Gecko, hello do you have any views for Cable! GL
van Gecko 13:19 GMT September 12, 2002
market dynamics since last week's Euro 9990 "that Cat Bounce 5" suggests bullish USD sentiments with levels shifting/ready to shift to the next trading zone across the board..
;
morning JJM.. ¥€$-OG-¥€$.. Athens.. and all my friends.. nice for all of you to share & a pleasure to read all your (and all others) nice views everday.. nice Usd/Cad trades!
the raging Goose may be the near term USD sentiment leader here..
Hong Kong AB 12:35.. i share JJM's $/Cad near term bull sentiments;
"NC JJM 12:26 .. upside targets of 1.5910 and then 1.6000 are likely to be seen..no reason to fight this trend....."
have a nice flight..
Athens 12:57 GMT September 12, 2002
Yes, Gecko is the chief pilot on AirGoose.
FRANCE ¥€$-OG-¥€$ 12:49 GMT September 12, 2002
kuodos for Gecko’s goose flight towards 1.57 and over.
van Gecko 13:25 GMT August 30, 2002
NC JJM 12:47 GMT September 12, 2002
thanks athens>>> nice job yourself....nice to make a little change from time to time..also, let's not forget van Gecko who has nailed this thing on the way down and the way up!!!!.........all the best
Athens 12:41 GMT September 12, 2002
Looks like the model break in USD/CAD I reported yesteday is working alrright thus far. NC JJM, excellent call.
Paris JOM 02:52 GMT September 12, 2002
Singapore Noodygirl 02:42:
Got "Gecko tongue" ? (guess I'm not the only one licking my screens).
Singapore Noodygirl 02:42 GMT September 12, 2002
What can Greenie say?
George W spoke well on TV I saw him speak
But reality is coming back
We aint anyway closer to having Osama behind the slammer
He shoots pinballs till he fires missiles in the next 6 mths
Did I sign my migration papers to the Moon ?
Jolly Day for the Flying Kangaroo?
Why am I speaking like Gecko now?
van Gecko 14:41 GMT September 11, 2002
sofia JOYREX.. Euro failed up at .9990's big time last week.. took out the daily 50 & 21 ma's.. had 2+ sessions to regain the 21 ma but failed so far.. all these 'tell tale bear signs' may had brought out some 'BIG bear guns' to target the 9605/10 'support' lines now..
you might see some bounce down there as besides being a potential 'double bottom', 9605/10 being the 21 week ma could get some support from s/m/t trend following bulls.. however, the odds are stacked against any substantial bounce as the higher time frame price-time dynamics are great biased for more Euro downside correction from here/ or there..
gl
van Gecko 12:20 GMT September 11, 2002
good morning America..
;
hk ab & $/Cad friends .. over-nite, duck hunters pushed the Golden Goose above the 30 day range top.. above my weekly & monthly pivots.. & above all weekly & monthly ma levels ..
after a month long saucer base consolidation & some inconspicuous accumulation by m/t bulls.. the 1.57 levels looks like good support for it's next push up to my initial monthly target of 1.5950's..
and with a little help from our Euro bear friends, it could even fly up to the upper 1.6's.. have a nice flight..
;
Ha ifa & Vikram.. "34" in Oriential psychology or mythology implies 2 extremes.. live or 'dive'.. yin or yan.. vely opposing indeed..
;
God bless America!
Athens 12:17 GMT September 11, 2002
USD/CAD is threatening my key 1.5800. In case of a clear break the preferred tactic will be buying on dips. AUD/USD testing a moderate support at 0.5460 (also the 5 and 20 MA's are within 60-65).
Va Raven 19:34 GMT September 10, 2002
No sorry, interesting indeed, viies; frundamentals not working, other people's techs not working, your own model doesn't work either..... You are one of the honest and straight talkers here, wrong or right. I read your comments very carefuilly....
van Gecko 12:20 GMT September 10, 2002
morning JJM, ab & friends.. $/Cad flying in sympathy with the firming dollar.. bullish 8 hr 'Boomerang Sling-shot' pattern from last Friday setting up for the 5th daily test of the 1.5750 Flatline.. above, bear & bull buy stops could push the newly energized Goose up to the 1.5850's near term..
have a nice flight..
NC JJM 12:14 GMT September 10, 2002
daily trend indicator has turned positive in $/cad for the first time since early august addding fuurther support to an upside break........anyone else have any thoughts on $/cad?
van gecko good stuff on this pair from u the last few weeks..great job friend....!!!
hk ab 11:31 GMT September 10, 2002
Gecko// look at the flying goose.... I think upside is quite "long" this one, am eyeing 1.59
van Gecko 16:50 GMT September 9, 2002
Chennai DRSivaraman.. the next test of the Gbp/Jpy guide dog's 186 Flatline could shift the Usd/Jpy up to the next trading zone, 119/121..
Chennai DRSivaraman 16:28 GMT September 9, 2002
van Gecko 16:14 GMT - I endorse your view on USD/YEN.The upward shift in trading zone is expected......
van Gecko 16:14 GMT September 9, 2002
Usd/Jpy m/t targets for the current USD 'counter rally' is now up at the 125/126's..
for long marching positional players setting sights for a 6 to 8 yen payday, acumulation/scaling levels had gone up to the 117.8/118.3 bands..
above 118.5, harmonizing with the market by adding on every 100 pip rise (119.5.. 120.5.. 121.5) could pay vely well..
van Gecko 02:18 GMT September 8, 2002
Athens 18:11.. yes indeed.. one must learn to keep things simple in life & trading..
accept our limitations.. be content.. don't try to guess & out-smart the market..
learn to read charts & follow the market.. have fun, 'K.eep I.t S.imple S.am'.. practice 'K.I.S.S'.. & 'K.I.S.S'.. & 'K.I.S.S..' simile & be happy...;)
FRANCE ¥€$-OG-¥€$ 17:02 GMT September 5, 2002
Who else would come up with a "wong ho choi" expression?
Global-View Jay 16:59 GMT September 5, 2002
Re Como Perrie's farewell speech, there is absoluetly no validity to "many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO." Van Gecko has his own unique identity and personality, may I add, only posts under his own name.
Chicago-Irish 16:13 GMT September 5, 2002
roflmao yippee!!!!!!!!!!
NYC YIPPEE 16:11 GMT September 5, 2002
como Don't let the door.......
van Gecko 16:11 GMT September 5, 2002
como perrie 15:59 ..
"many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO " ??
i am honored.. but, sorry, no can do.. we are two different identities.. Jay is too nice to talk like yours truly...;)))))
all the best for you.. & keep on smiling my friend...
Cheerios..
Global-View 16:07 GMT September 5, 2002
John. I asked Igor to email me so contact me and ask if there is any info to pass on.
Bangkok FBF 16:07 GMT September 5, 2002
Como Perrie//Before you go, may I ask why you are leaving this forum frd?
Provo John 16:04 GMT September 5, 2002
igor waltritsch, I have not been watching the forum lately, so I must ask why are you leaving?
Bangkok FBF 15:59 GMT September 5, 2002
ATL, Chicago Irish//If you remember previous comments, we have more whales feeding at the mom :)
****** Como got wiped out on long euro ?
como perrie 15:59 GMT September 5, 2002
I GUESS, I DO NOT HAVE TO WRITE ANYMORE ON THIS FORUM.
THAT SAID....
PERRIE COMO, HAS DIED AND WILL NOT BE PRESENT ANYMORE ON HERE.
Any others using such name will be just abusing of others identities and knowledge.
Good Bye All
Particurlarly to the only 2 seasoned professionals, my friends
Athens, alias Adam Liacopulos
and Qindex, alias Albert Cheung
many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO
again cheers to all other too for all the nice experience we had trough this one, the onle ONE BEST FORUM AROUND THE GLOBE
GOOD LUCK GLOBAL-VIEW
igor waltritsch
van Gecko 10:25 GMT September 5, 2002
morning perrie..;) indeed, it may be a matter of 'harmonious Fx alignment..'
09:52 may be funny or not funny will depend on if we are aligned in harmony or in dis-harmony with the pairs..
sing well & be happy..;)
van Gecko 10:10 GMT September 5, 2002
hk ab 09:34.. as our TRD friend, HongKong Revdax often said about the 'strange TRD phenomenon' surrounding a currency when it decides to make a turn; .. it's going up because 'time' is up.. not because of any fundamental impurities.."..
so in Goose's 'strange TRD phenomenon' terms; the Goose is flying because it time for it to fly..
same 'strange TRD phenomenon' may applies for here Majesty GBP here, who is now flying in opposite direction to the Great Goose..
como perrie 09:52 GMT September 5, 2002
GBP_EUR 1.5734 1.5739
USD_CAD 1.5705 1.5710
GBP_USD 1.5705 1.5710
funny indeed Gecko :) good luck
van Gecko 09:44 GMT September 5, 2002
this may be the rare converging times for the next little while for GBP/USD & USD/CAD traders to get all confuse with both pairs flashing 1.5705 across the screen here..
soon, her Highness will kiss good bye (not good buy) to 1.57..
van Gecko 08:26 GMT September 5, 2002
guangzhou danny..
imo watch Eur/Gbp like a @_@ (or a bear).. as long as Eur/Gbp fail to close DAILY ABOVE .6425/50.. sell as much European currencies as you can afford.. zzz more & stop looking at the screen.. as the pips dancing across tghe screen could play pip_less tricks on one's mind..;) fwiw
NC JJM 14:25 GMT September 4, 2002
thanks van gecko>>>> your the best...cheers, i always love your goose commentary....all the best
van Gecko 14:21 GMT September 4, 2002
morning JJM.. the Usd/Cad Goose looks good here..
FYI
"van Gecko 13:39 GMT September 3, 2002
pipraider.. its vely obvious to most $bears that Usd/Cad seems to be going down & down to 1.50 ?.. the mighty Euro & Crosses could provide some directional clues here for the lackluster Goose..
you might wish to make note of the recent analysis from our long time $Goose flying friend Malta Bobby;
"..Candy is under great influence from EURCAD situation and I didn't like how it rebounded from that 1.5073 today...it is really looney lately...Now, on any EURUSD sideways-down move, USDCAD might just fly if that cross situation persist.."
have a nice flight.. ""
FRANCE ¥€$-OG-¥€$ 14:15 GMT September 4, 2002
Without having any usdcad I m virtually pushing for higher..
will help the downside of euro+gbp.
go gecko click.
;)
NC JJM 14:08 GMT September 4, 2002
van gecko>>> r u out there friend...wondering what u r thinking on $/cad??? tia
HK Kevin 13:19 GMT September 4, 2002
Van Gecko, good morning. I am back from a week-long business trip in Beijing and Seoul yesterday and still try to catch up with the market. Congrulation for your high flying USD/CAD.
shanghai bc 12:34 GMT September 4, 2002
AHE 10:49 -- Good evening..I am afraid I am not a linesman in forex..But Usd/Jpy medium-term has turned very bearish since it fell through 20 month MA four months ago indicating many months of weakness ahead..115 was defended thanks to MOF folks' hard work but once 115 goes,110-100 seems to be a reasonable target in coming months,perhapse early next year..The question at this stage seems to be how much Usd/Jpy can bounce before continuing its medium-term downmove..Imho..Good trades..
FRANCE ¥€$-OG-¥€$ 02:09 GMT September 4, 2002
GO Usdjpy...show us a little 120-123 B4 105.
Melb 17:00 GMT September 3, 2002
VA Raven : Wong-ho choi = vely wrong = very wrong
Rong Wei = wrong way perhaps??
Chicago-Irish 16:56 GMT September 3, 2002
Va Raven:No clue on that one mate :-)
Va Raven 16:53 GMT September 3, 2002
Thanks, Chicago-Irish. But now I am more confused..... why should I be related to this Mr. Rong Wei?
Chicago-Irish 16:47 GMT September 3, 2002
VA Raven:The gentleman in question is a close relative of Mr.Rong Wei.The chinese branch of the Nigel Jubb's clan.
Va Raven 16:20 GMT September 3, 2002
Gecko, when you have time, drop a few lines about this "Wong Ho-Choi" story on the HELP FORUM for me please. What is it?
van Gecko 15:50 GMT September 3, 2002
sorry Raven.. it's vely obvious we have different trading time frame & trading methods.. i am not into anticpating BoC, BoG, or FeD announcements and trade them like some nimble Fx cat here..;)
btw.. are you related to "Wong Ho-Choi" ? (who is Wong Ho-Choi? go see my 12:47 GMT.. 888 posts down..;)
Va Raven 15:28 GMT September 3, 2002
Gecko, BoC might hike the rates against market's expectation (everyone makes mistake) tomorrow.... so looking for more "on sale" moment
van Gecko 15:16 GMT September 3, 2002
what is your usd/cad trading time frame? Raven (you don't have to answer..;)
Va Raven 15:09 GMT September 3, 2002
In the event of any war that involves US, CAD is not a safe haven currency. CAD will fly against dollar only when US is in some medterm "good shape", then something under 1.5 is reasonable to expect.... otherwise, cad should go the way Gecko has been calling for so many....(s?), Gecko?
van Gecko 15:06 GMT September 3, 2002
then get a jump ahead of BoC.. buy a few yard here.. give the lazy Goose a push! Raven ;)
Va Raven 14:55 GMT September 3, 2002
Gecko, tmorrow after BoC's decision, cad might move the way you have been calling for these ..
van Gecko 14:43 GMT September 3, 2002
watch the low hopping aussie Kangaroo & those european Crosses.. $Bears could wound up getting 'double, triple, or quadruple crossed here..
van Gecko 13:39 GMT September 3, 2002
pipraider.. its vely obvious to most $bears that Usd/Cad seems to be going down & down to 1.50 ?.. the mighty Euro & Crosses could provide some directional clues here for the lackluster Goose..
you might wish to make note of the recent analysis from our long time $Goose flying friend Malta Bobby;
"..Candy is under great influence from EURCAD situation and I didn't like how it rebounded from that 1.5073 today...it is really looney lately...Now, on any EURUSD sideways-down move, USDCAD might just fly if that cross situation persist.."
have a nice flight..
van Gecko 02:14 GMT September 3, 2002
one of the rule for survival in this sordid biz is if you must trade, learn to be patient & suppress our natural human instinct to "Buy at the Tops & Sell at the Lows".. Usd/Jpy now at/near the major 52 week low.. at/near the 2 month low, at/near the 2 week low, & at/near the 2 day low here.. selling here & hoping for new low is like stareing with your bare eye at the bright rising Sun.. sooner rather then later, one risk going blind (or broke ?)..
Geneva 00:38 GMT September 1, 2002
a follow up on my 16:06, among the long list of past and present good traders in this forum I put Shanghai bc and Van Gecko on my must read list. two good traders with contrasting styles, but both share a common unselfish desire to share and express their views in detail. Shanghai bc is clear and thoughtful whereas Gecko's words are at times colorful which might require a second or third read to uncover those Geckese gems. their views may be biased to influence the market directions, but the intentions are honest. we are fortunate to see them share their views in global view.
van Gecko 16:16 GMT August 29, 2002
Usd/Jpy.. painting a "3 Bar Daily Butterfly Reversal"
failure to close below the 2+ month up channel today (below 117) combined with a "3 Bar Daily Butterfly Reversal" from the daily channel bottom is potentially vely bullish for this newly energized pair.. Air Japan flying on the new high octane 183 Gbp/Jpy fuel could push for the 121.. 123.. 125 stratospheres here..
van Gecko 19:55 GMT August 7, 2002
Mexico OSK 19:06.. my trading time frames are s/m/term/swing trades.. intraday movements are mostly pip noises when viewed from the longer time frame prespective.. that said, her Cable Highness was plagued by the EurGbp & GbpJpy cross plays all day long.. the 50 month & the 50 day ma's were tested & held on this first major retracement after a non-stop 1800 pip run up.. once this complex cross adjustments are done, her Majesty could see a nice 'that or live cat' bounce up to the 155's again..
good nite..
van Gecko 13:21 GMT July 29, 2002
good evening Kevin..
yes, this is another baby USD/JPY bull in the making.. very bullish weekly & daily up signals after 4 months of decline.. the Geisha seems to had got rid of the 'SOB 150/200 pip curse' & had kissed good bye (yes good buy) to that muti-year 115.50 double bottom support..
van Gecko 18:26 GMT July 24, 2002
Van jv .. great Goose watching weather lately..
with Aud taking out the weekly 21ma with such ease under the current Usd/Gold dynamics, my voodoo ball don't see any significant support till the converging 50 week ma & lower bollinger down at the 5280's lines..
the picture for the Aud/Jpy cross influence is even worst with Usd/Jpy targeting the 112/110's m/t & the current Aud/Jpy levels hoovering below the weekly 21 & 50ma lines.. a tiny 250 pips from the multi-year 6000 support necklines before testing historic lows again..
the wild card savior here may be a natural or BOJ induced Usd/Jpy correction from this multi-year 115.50 double bottom support..
gl..
van Gecko 04:08 GMT July 22, 2002
USD on verge of confirming Price_Tech_Time corrections for the 1st time since June 18th's big time dollar sell-off..
current price dynamics suggests Euro taking out the recent 1.0030 flatline support.. once through, penned up gravitational dynamics could see a free fall down to the .9960's..
same for here Highness GBP.. taking out the recent 1.5620 flatline support could induce a bear run all the way down to the 1.5580's..
near term, complacent $bears buying on dips of less then 200 pip noise for new heights could be risky under the current market dynamics ..
van Gecko 17:34 GMT July 16, 2002
BK VAL 16:15.. long time no see.. hope you are fine my friend..
london pipraider 11:20.. congrats on your long marching limit order on weekly E/$ position fulfilled @ 1.0140..;)
;
the dollar had nicely followed through on the 10 Year Triple Top Failure from February.. after 7 months & 1625 bps decline from January, it had nominially breached & is now at the .6 fibo support of the 7 year rise from the 1995 trough in conjunction with acheiving the Parity objective..
near term.. i beleive some of the Parity euphoria may now be subsiding as we are witnessing a 4hr Key Sentimental Reversal in progress (perhaps compliment of uncle Greenie's inspirational speech today)..
a close today under 1.0090 could confirm a near term top and pressure 1.0020/00.. below 1.0000, support is every 50 pips down to 9750 where more m/t long marchers are waiting to add/reload..
gl..
van Gecko 21:48 GMT July 14, 2002
usdjpy medium/long/term psychoanalysis..
these are very critical times & levels for the usdjpy bulls.. m/t, the market is looking for the 112/110 levels where a nice bounce of 10 to 12 big figures up to the 120/123's could be seen.. if the bulls fail to sustain the momentums and push the market up to the 130/135's from there, then they could kiss good bye (not good buy) to the l/t target of 145/200's..
as a failure up there would bring out more m/t closet bears to gun & push the market for the 101's and the 1995 80 lows.. consistent with the long term down trend from 1985...
;
near term.. market dynamics over the last few sessions seems to be setting-up for sleepy Geisha crouching Tiger replay..
Cheerios & Saki for all...;)
van Gecko 00:11 GMT July 11, 2002
usdjpy..
getting hammered by savvy m/t sellers since it flashed a big time trend continuation signl to the market after the critical 21 month ma line was lost in June..
the 'back-up' 50 month ma levels are being tested now perhaps compliment of MOF's SSS effects (Shiokawa San Songs)..
near term.. either this 50 month ma gets taken out in quick order, or the market will bounce around this 50 month ma clusters like a yoyo bear contest for a few week here before deciding on its next merry go directional bias..
mini term.. downside could be limited as the market had gone though all weekly fibo extensions in 3 days & find support ahead of the primary monthly support.. currently, a symmetrical 4hr flip fractal reversal formation is being painted for the bulls.. over 118.20's targets the mid 119's..
cheerios..
Qindex,your predictions and(Gecko;BC)commentary are the best thing on this forum!!!
Goog luck and good trade!!!
NY TS 16:36 GMT September 27, 2002
FRANCE
yes i remember that one well, almost scary how accurate he was on gbp/jpy and eur/jpy
France ¥€$-OG-¥€$ 16:34 GMT September 27, 2002
van Gecko 16:54 GMT September 23, 2002
some profit taking by fat Japanese bulls here..
near term, Usd/Jpy 121.5.. Eur/Jpy 119.5.. Gbp/Jpy 190.. if seen will be a vely Good Buy & hold for the next 800 to 1200 pips..
France ¥€$-OG-¥€$ 16:28 GMT September 27, 2002
Patience...after rapatriation week its uptrend continuation..(Gecko called it very good...2 days down and after up)
ny ts 14:08 GMT September 26, 2002
sorry we are there in gbp/jpy 190.5
great call!
ny ts 14:05 GMT September 26, 2002
van gecko
beautiful call in eur/jpy, $jpy and not quite there in gbp/jpy
gl
van Gecko 15:21 GMT September 25, 2002
¥€$-OG-¥€$
$/Japanese Southern Express train;
now painting a Baby Butterfly Reversal on the heel of a failed 4hr Upside Butterfly Reversal attempt.. this is a very rare Double Butterfly Reversal pattern to the downside with implicit micro negative overtones for $bulls..
if you are a patient frequent flier.. try scaling in your return seats to Toyko within the 121.50 to 120.50 support band..
gl..
van Gecko 13:23 GMT September 25, 2002
good evening Kevin.. all 3 xxx/Japanese bulls had found initial support earlier from some new born bulls after breaking up out of their multi-month ranges..
s/t, the raging trio could still rise to new heights, but after an extended 3+ week run in September, they may need a bit more then a shallow 200 pip dip to generate more liquidity from the patient m/t bulls..
over the short to medium terms.. the Japanese trio seems to be poised for a shift up new trading zones while the Europeans could be left behind range bounded & languish ..
Cheerios..
van Gecko 12:23 GMT September 25, 2002
the trio of southbound Japanese trains are still on course to New York..
Eur/Japanese is the leader.. targeting the 119.50/30's..
followed by Gbp/Japanese.. re-targeting the 190.50/30's..
$/Japanese is the trailer here.. refuling for the low 122's.. sub 122's today or tommorrow..
have a nice train ride..
;
hk ab 11:09.. frequent flyers purchased more discount tickets on dips..
have a nice flight..
van Gecko 16:54 GMT September 23, 2002
some profit taking by fat Japanese bulls here..
near term, Usd/Jpy 121.5.. Eur/Jpy 119.5.. Gbp/Jpy 190.. if seen will be a vely Good Buy & hold for the next 800 to 1200 pips..
van Gecko 17:23 GMT September 21, 2002
Bucharest Mihai 16:58.. long time no see! i thought you had retired in beautiful Bucharest..;)
buy Usd/Jpy.. Eur/Jpy.. Gbp/Jpy across the board.. go snooze in Buharest (or go on an extended Medterrean cruise..;) and collect your 800 to a 1000+ pips in a month or two..
how's that for "Buy.. Hold.. Snooze.. & eventually get Fat" positional plays ?
as usual, my fwiw disclaimers applies here.. ;)
NYC YIPPEE 03:36 GMT September 20, 2002
Hey Irish this JPY is causing us both misery......
NY mhi 02:37 GMT September 20, 2002
van Gecko 02:30 GMT September 20, 2002
Your analysis is a pleasure to read and making this forum brighter. Regarding your 156/160 target on usd/chf is this because you belive the dollar has to correct further in order to fall.
van Gecko 02:30 GMT September 20, 2002
HK ooozmeeh.. USD/CHF seems to be the victim of some tactical cross play in EUR/CHF & GBP/CHF here..
i expect after some consolidation here @ 1.48 with a possible under-shot extension down to 1.4750's, $Swissy should resume it's s/t up-trend bias to the 1.56.. 1.60.. m/t targets .
twin brother Euro is not going anywhere soon from here with Eur/Gbp @ good resist & Eur/Chf may had peaked up the @1.47's multi-month range top & is still undergoing a sell off down to the 1.45's..
HK ooozmeeh 01:21 GMT September 20, 2002
GECKO... any views on USDCHF. tia.
van Gecko 00:37 GMT September 20, 2002
"Hook.. Line.. & Sinker.. ?"
with Eur/Jpy above the 119.5 multi year range top, good odds for Usd/Jpy to had just seen the 'required sub 121 retracment/consolidation' after last week's range expansion break-out..
above 122.. Usd/Jpy is well on the way to paint a powerful daily rising 3 finger buy fractal to take out 123 for trend continuation up to the m/t 126+ target..
van Gecko 16:14 GMT September 19, 2002
support @121 is the hook.. above 121.7 is the line.. over 122 may be the sinker.. ?
van Gecko 15:30 GMT September 19, 2002
hk ab.. i thought you had gone zzz in HK.. sorry i missed your 14:23, watching Crosses are useful foecasting tools.. must find a balance here between the risk of getting "Cross eyed" or getting "double Crossed".. ;)
as for the eccentric Goose itself, watch 1.58.. a daily close above would imply a 2 day Reversal Fractal from the rising m/t up channel.. only a double daily or a weekly close below 1.55 would negat the near term upside targets of 1.59/1.6xx..
have a nice flight..
HK ooozmeeh 13:56 GMT September 19, 2002
GECKO 13:40 One thing i highly appreciate from you, is never forget the "basics" whenever you post your opinion. more power to you "EL MAESTRO". ciao!
van Gecko 13:40 GMT September 19, 2002
usd/jpy above 120, some m/t dollar bulls sees Green & the Buck rising all the way up to 126's.. Fx does not work in a straight line up or down.. daily & weekly post run up/down corrective pip noises must be expected & allow for..
more Cheerios for m/t dollar bulls & bears.. ;)
van Gecko 14:15 GMT September 18, 2002
short/medium term.. market is short dollar to the tilt..
near term.. market is long dollar..
mini term.. dollar need to shed a tag more steam before resuming it's "counter rallies"..
so Euro above 98, Usd/Chf sub 150, & Usd/Jpy sub 121 are reasonable targets..
cheers..
van Gecko 16:31 GMT September 17, 2002
thank you Chennai DRSivaraman ..
if we could do a memory flush & learn to re-program our mindset to think "counter human" trading.. then, i think it would go a long way to revese our life long impulsive habits & the natural instincts of buying at the tops & selling at the bottoms..
Chennai DRSivaraman 16:15 GMT September 17, 2002
van Gecko 15:37 GMT - the market operators are forced to do the level shifting .....they need to make more money by margin calls and distress trading of the day traders,position traders,funds and even the smaller banks.....the long range they normally follow is 1500 - 2000 pips with 4-5 months perspectives.....hence we find the year low and high and at times the earlier year high becomes the year low for the next year.....so it is better to understand their full intentions and try to cut the adverse position within a short period will avoid the margin call.
van Gecko 15:37 GMT September 17, 2002
near term, almost all of the majors & their crosses had meet their respective 3 month range bottoms/tops..
if the market 'operators'(Chennai DrSivaraman?) are content with these target objectives.. then the market could re-target the other end of the m/t range.. if not, after some blips & dips from here, all pairs should continue with their level shifting process of up/down to the next trading zones.. right now, the market bias is for level shifting..
cheerios..
van Gecko 13:40 GMT September 16, 2002
revdax.. this year's Chinese Mid-Autumn Moon festival also conincides with the western full moon on Saturday 9/21th.. since Friday is the last trading day before this rare clustered moonie phonemonom, may be the up coming market voliatity will depend on wheater the HK & Shanghainese traders will consume excessive moon cakes before, on, or after 9/16th..
not sure about tourist will be eating moon cakes for a long time until the next summer at those rizy Vancouver hotels.. but i think they habitually donate left over moon cakes to the Salvation army to promote the spirit of the Moon Festival..
hk revdax 12:59 GMT September 16, 2002
The coming Friday(Sept 20) should be the Chinese Moon Festival. Such a festival in the past has been related to TRD, reversal, mathematical clustering, etc. in currencies but all in all volalitity in the ccy market is expected to increase on that day's time frame. Thus while you will be eating moon cakes (or ice cream cake in case the festival has been modernized), don't lose sight of the high probability that the cosmic forces have their way of being played out in a manner that does not necessarily go along with the logics with which we are conventionally familiar...from the star gazers in China.
van Gecko 12:27 GMT September 16, 2002
of forum posts.. "recomendation.. responsibility.. & apology"..
right or wrong, what you read here should be treated as un-solicited opinions only & as for what it is worth freebie ideas..
not even a born again Hudini, is going to magically take our hand & guide us through trades from entry to exit..
less complaining & more provocative views (& less stuffy, yawn inducing stereotypes) are needed here to induce & generate trading ideas among our Global friends..
preaching holy self-righteousness.. trading rant, raves, & nip-picking over un-solicited posts should be deemed counter pip'ductive to this 'come & go as you please free thinking' forum..
Cheerios..
van Gecko 02:18 GMT September 16, 2002
Tor.. any dips down to the rising 8hr 21ma & 4 hr 50ma will attract buying interests from $/Cad trend following bulls..
stop loss is a function of indvidual risk profile, trade management, & trading time frames.. in general, you might want to get out on a 2 bar violation of the 21ma for your trading time frame..
gl
van Gecko 15:37 GMT September 15, 2002
To stop loss or not to stop loss.. ??
think of trading as a simple "election process".. you are out to win the vote of the market..
when your trade go really haywire to the point where you start to hope for the market to turn around a bit so you can bail-out at a "better level" .. at this point, this should be your absolute bail-out/stop-loss point..
it's like the losing candidate conceding defeat in an election.. "..the people has spoken..
in your case, the market has spoken.. and you should conced defeat.. preserve whatever left of your capital.. lay low.. and fight again another day..
have a pleasant week..
Chennai DRSivaraman 03:49 GMT September 15, 2002
Athens 18:16 GMT September 14, 2002 - thanks for the views.
what we call the "aberration" - called as market swings also.The market becomes a surprise only when it moves against our view then the disappointment.But if we become objective in our views thinking of both possible moves ie +ve and -ve moves,then only our trading strategy will help.Then we should not try to substantiate our views out od ego,instead if we can sail along the current.
My simple observation among traders is when a stop is triggered they become upset and think how to avoid placing stops a possible step to avoid the small equity erosions,but instead it leads to "bloodshed" in the absence of the stop.
So the simplest procedure to recover the stop loss could be identification of the operator intention......know the strength of your opponent to guage the success in your race.
van Gecko 20:06 GMT September 14, 2002
Chennai DRSivaraman 17:49 GMT thank you for your USD views..
as for your "...I gave the sugegstion for the position trading and I got only the noise from the friends from the forum to keep shut..." unfortunately, most of us tends to agree to disagree in almost everything in life, such as the present 'horse trading methods & time frames' between prez Bush & that desert fox Saddam Hussein ..in these days of fast food, fast pc, fast everything.. we are brain-washed into being impatient & expect fast results in our lives, Fx trading pips included..
the differences between positional & intraday pip-picking is like night & day (patience, capital, trade management etc).. & in general, the majority of traders tends to start out & prefer day trading as most want quick results and put a limit to potential profits because of fear..
have a nice day..
Athens 18:16 GMT September 14, 2002
Chennai DRSivaraman 17:49 "...But actually you would have noticed all my position trading recommendations came true ..." /// I think I remember you suggesting in the past to other forum participants to be humble... Futhermore an academic view practically is a totally different issue from a trading operation. I.e. it usually is the marginal extension of a given movement that causes most of the "bloodshed", what we call the "aberration". Sure, any experienced trader or analyst (or most of them) can "smell" an incoming exhaustion of a trend, however it is the extra 200-300 points that are enough to "kil" a trader unless he/she has very deep pockets (the analyst always escapes...)
Chennai DRSivaraman 17:49 GMT September 14, 2002
van Gecko 16:05 GMT - I gave the sugegstion for the position trading and I got only the noise from the friends from the forum to keep shut.But actually you would have noticed all my position trading recommendations came true ..
I expect USD to gain with volatile moves till 14 Oct and we may observe the new trading zone from next week onwards in all pairs....
van Gecko 16:05 GMT September 14, 2002
i beleive nobody in this biz will ever know the lag/lead time & market direction for certain unless they possess that uncanny instinctive desire to join the Fx Gods of the Past..
Ebed.. one of the trick in positional trading is to identified a market directional bias as in your 15:37.. predetermine your amount of risk to the expected reward.. enter the market.. try not to let the daily pip noise affect your analytics.. and let the market take you up or down to wherever it wants to go..
Bne Ebed 15:26 GMT September 14, 2002
Most fail because they lack discipline and self-control (something i still struggle with). Most want quick results and cut potential profits short because of fear. Although positional trading is generally more profitable (for the highly disciplined trader) it is less practical. Hence, day trading (although risky) is probably more suitable for the majority of those that are prepared to sit by a screen for a good part of a day. One's trading style should be suited to their personality style (psychologically harmonious), otherwise one's cognitive psycho-reasoning skills is constrained by patterns that go against one's grain.
van Gecko 15:21 GMT September 14, 2002
Dallas dc.. nice analytics.. not sure about 132.2, but 126's looks good..
certain major levels stand up like sore thumbs in the IMM futures charts.. they are excellent analytical tools to supplement the spot charts..
phils VL 14:47 GMT September 14, 2002
Haifa ac//The insecurity of change and the emotional discomfort it brings has held back many of us, and one tends to be paralysed, stubborn or less nimble.
It's a question of de-energising our beliefs with intensity and resolve (and not a function of time at all)that one can progessively ... and wilfully behave outside our belief limits and learn how to take conscious control of our actions. The few truly successful traders excel in this discipline.
Haifa ac 14:24 GMT September 14, 2002
phils VL 14:15 GMT // True. One of the hardests things for humans is change. We strive for "stability". Successful traders have no preconcieved notion of markets and are capable of changing on the spot. This approach has rewarded them enough times to behaviorally induce such behavior. Those who were not so lucky to have that Skinner effect-- must realize that trading is a very organized business. The secret word is organization. It must included defense mechanisms that the SYSTEM will impose on a trader once he/she is faltering. Most successful traders have 2-6 models they use (and trust) and do not veer from them. Discipline is a nice word-- but unless you ORGANIZE disciplined mechanisms into your system-- you are liable to get hurt.
phils VL 14:15 GMT September 14, 2002
Haifa ac//
support your pragmatic and down-to-earth perspective on trading.
Must add however there are very few of us ( I'm far from this stage)who have developed the uncanny ability to repeatedly change our mental perspective at will to react successfully to endless types of market movements! Most of us tend to be locked by our own beliefs or belief system that contradicts the environment around us.
When the market "fails" to conform to our preconceived mental image,we make up the diff. with distortions and illusions and of course suffer later.... and the cycle goes round and on and on, until perhaps the pain of financial loss makes it so much easier to frog-leap our own stubborn beliefs.
good w/e and happy holiday
Haifa ac 11:48 GMT September 14, 2002
Paris JOM 11:04 // Good post. Trading is 180 degrees opposite to life. (Jesse Livermore said it beautifully on page 132 of the soft cover). There is no second prize in trading. You lose-- you lose. The only correct question to be asked in trading ( contrary to business and marriage) is NOT "how to make money?" but rather "how NOT to lose money?". Never ask youself "WHat if I am right?" ( i.e. the pile of gold at the end of the rainbow). Always ask yourself--"WHAT IF I AM WRONG?". (i.e. the pile of $hit at the end of the rainbow).
MDS PVR 09:49 GMT September 14, 2002
Haifa ac., 08.48 gmt., perfect and brilliant analysis. Probably the hitch is in the communication.These days I say 'it is indeed an interesting viewpoint' whenever there is a case for a vehement disagreement. But, keep coming in., you do have a very distinct way of looking at the market and...life. regards.
Haifa ac 08:48 GMT September 14, 2002
A few more words on the Yippee tackle Friday the 13th.
Trading is a business. If you look at 10 P&Ls the normal distribution is valid: 67% (plus/minus 1 std. dev) should be 3 small losses balanced by 3 small gains (washout). 2 big losses lying to the left of the curve and 2 big gains at the right. The trick of survival is eliminating the 2 big losses (killers). Linda Raschke says she waddles 16 days a month and makes her money in 2 big days.
So how do you avoid the 2 big losses? Huh. You never know which one of the 10 trades will become that one. That is why if you trade without a stop-- you are going to die. Sooner of later.
What if you have a view?
That is hard.
Good traders always try to play the devil's advocate and take the other side ( at least in their mind).
My argument with Yippee was theoretical rather than specific.
Rather than declaring that the market is wrong ("false breakout") It is better (from the BUSINESS POINT OF VIEW) to ask--"What-IF?" (to plagiarize Hewlett Packard)
What if the market is right? How big is my loss?
There are very bew Ed Seykottas, or Warren Buffets. But even Richard Dennis lost hundreds of millions when he assumed that his turtle trades are going to make money after he sold them to his Ninjas. (Not that I know how he lost his money, just one hypothesis). Fast well.
Paris JOM 17:22 GMT September 13, 2002
van Gecko San:
I think you need to have yourself vaccinated ! Noodygirl admited herself that she has incured a case of "Gecko tongue"....and its true !, her "slip-us-the-latest-slithering-snake-insider-info" is sounding more and more like poetry from lotus land by the day (night).
:)) Good weekend my friend.
phils VL 16:38 GMT September 13, 2002
USD/JPY has gone bazookas. If it continues up, and Eur/Jpy unable to catch up and contained, EUR/USD is trapped at the cleaners.
van Gecko 16:36 GMT September 13, 2002
Usd/Jpy.. this is the real deal.. you might see a reaction up at 122.88/123.. any dips infront of 120.50 may be scooped up like thirty Sumo warriors hoaring yammy Sake rice wine..;)
Haifa ac 16:27 GMT September 13, 2002
NYC YIPPEE 16:23 GMT //I see a false break out .
Sorry, buddy. You don't "SEE" a false break out. You HOPE for one. You are biased. You are telling the market it is wrong. THat is not good.
If the market does not mind showing its cards on Friday that means it is in a great hurry and Monday will be a strong day. Better wait for the market to SHOW you it is a "false break out".
Besides if you are right-- you will have plenty of space to join it on a break below 119. Right now you are blind.
NYC YIPPEE 16:23 GMT September 13, 2002
Hafia ac Call it panic or liquidation "a break out" today is causing a flury of selling JPY. Rumours upon rumours of negative Jap stories from Oil to taxes floating around. I see a false break out and am happy to see 121.75/122.50 as a temp top in this move. Technically I will not argue against your obversations.............
Haifa ac 16:17 GMT September 13, 2002
NYC YIPPEE 16:12 GMT September 13, 2002
USD/JPY 125 ?? Not the first time that I would of eaten my hat but you can have them all here..... 121.75/122.50... The buying is over.....//
Please explain last 4 words. Above 4 month high--a whole slew of new buyers is coming in. THose who look at the weeked results and buy 1% above a major breakout ( the Steinhardts of the world). What do you mean buying is over? After all at each time frame and at each mega level DIFFERENT class of buyers and sellers enter the game...
NYC YIPPEE 16:12 GMT September 13, 2002
USD/JPY 125 ?? Not the first time that I would of eaten my hat but you can have them all here..... 121.75/122.50... The buying is over.....
ny ts 16:00 GMT September 13, 2002
Japanese tarriff lifting targets mainly european and UK auto products so this will impact eur/jpy and gbp/jpy the most.Other products also mentioned esp high tech.
Hats off to Van Gecko who called this move at 118.00 $jpy
spotforex NY 16:00 GMT September 13, 2002
euro below .9690 does look bleak vs the USD and that apple might fall out of Van Gecko's tree.....
van Gecko 14:26 GMT September 13, 2002
Bangkok.. yes, your dealer is right.. Euro above 9800 is compliment of Eur/Jpy..
it's main guide dog Eur/Gbp's near term fate is down at the .6250/30's again..
Eur/Jpy is still being contained within it's l/t range.. near term, it must take out the 118.50/80 secondary resist.. s/t, nothing to get excited until it close weekly above the 119.50's..
van Gecko 15:49 GMT September 12, 2002
ab.. near term, great odds for all of the majors to had form an intermediate/swing top/bottom & are in the process of re-targeting their respective 3 month range bottom/top from here.. with the Euro$ down @ the low 96's $/Cad could re-print the 1.60's..
van Gecko 15:01 GMT September 12, 2002
morning Osk.. Cable & the Euro twins (Swissy & kid brother Euro) are stalling for time before resuming their s/m/t merry GO south journeys.. s/t target is 1.52, the 3 month range bottom.. s/t short marching (positional) trading tactic is SOB on Blips to your risk levels & SOS on break of 1.55 & 1.54..
gl
ab 14:40.. CAD or $/CAD ?
Mex Osk 14:31 GMT September 12, 2002
Good morning all!
Gecko, hello do you have any views for Cable! GL
van Gecko 13:19 GMT September 12, 2002
market dynamics since last week's Euro 9990 "that Cat Bounce 5" suggests bullish USD sentiments with levels shifting/ready to shift to the next trading zone across the board..
;
morning JJM.. ¥€$-OG-¥€$.. Athens.. and all my friends.. nice for all of you to share & a pleasure to read all your (and all others) nice views everday.. nice Usd/Cad trades!
the raging Goose may be the near term USD sentiment leader here..
Hong Kong AB 12:35.. i share JJM's $/Cad near term bull sentiments;
"NC JJM 12:26 .. upside targets of 1.5910 and then 1.6000 are likely to be seen..no reason to fight this trend....."
have a nice flight..
Athens 12:57 GMT September 12, 2002
Yes, Gecko is the chief pilot on AirGoose.
FRANCE ¥€$-OG-¥€$ 12:49 GMT September 12, 2002
kuodos for Gecko’s goose flight towards 1.57 and over.
van Gecko 13:25 GMT August 30, 2002
NC JJM 12:47 GMT September 12, 2002
thanks athens>>> nice job yourself....nice to make a little change from time to time..also, let's not forget van Gecko who has nailed this thing on the way down and the way up!!!!.........all the best
Athens 12:41 GMT September 12, 2002
Looks like the model break in USD/CAD I reported yesteday is working alrright thus far. NC JJM, excellent call.
Paris JOM 02:52 GMT September 12, 2002
Singapore Noodygirl 02:42:
Got "Gecko tongue" ? (guess I'm not the only one licking my screens).
Singapore Noodygirl 02:42 GMT September 12, 2002
What can Greenie say?
George W spoke well on TV I saw him speak
But reality is coming back
We aint anyway closer to having Osama behind the slammer
He shoots pinballs till he fires missiles in the next 6 mths
Did I sign my migration papers to the Moon ?
Jolly Day for the Flying Kangaroo?
Why am I speaking like Gecko now?
van Gecko 14:41 GMT September 11, 2002
sofia JOYREX.. Euro failed up at .9990's big time last week.. took out the daily 50 & 21 ma's.. had 2+ sessions to regain the 21 ma but failed so far.. all these 'tell tale bear signs' may had brought out some 'BIG bear guns' to target the 9605/10 'support' lines now..
you might see some bounce down there as besides being a potential 'double bottom', 9605/10 being the 21 week ma could get some support from s/m/t trend following bulls.. however, the odds are stacked against any substantial bounce as the higher time frame price-time dynamics are great biased for more Euro downside correction from here/ or there..
gl
van Gecko 12:20 GMT September 11, 2002
good morning America..
;
hk ab & $/Cad friends .. over-nite, duck hunters pushed the Golden Goose above the 30 day range top.. above my weekly & monthly pivots.. & above all weekly & monthly ma levels ..
after a month long saucer base consolidation & some inconspicuous accumulation by m/t bulls.. the 1.57 levels looks like good support for it's next push up to my initial monthly target of 1.5950's..
and with a little help from our Euro bear friends, it could even fly up to the upper 1.6's.. have a nice flight..
;
Ha ifa & Vikram.. "34" in Oriential psychology or mythology implies 2 extremes.. live or 'dive'.. yin or yan.. vely opposing indeed..
;
God bless America!
Athens 12:17 GMT September 11, 2002
USD/CAD is threatening my key 1.5800. In case of a clear break the preferred tactic will be buying on dips. AUD/USD testing a moderate support at 0.5460 (also the 5 and 20 MA's are within 60-65).
Va Raven 19:34 GMT September 10, 2002
No sorry, interesting indeed, viies; frundamentals not working, other people's techs not working, your own model doesn't work either..... You are one of the honest and straight talkers here, wrong or right. I read your comments very carefuilly....
van Gecko 12:20 GMT September 10, 2002
morning JJM, ab & friends.. $/Cad flying in sympathy with the firming dollar.. bullish 8 hr 'Boomerang Sling-shot' pattern from last Friday setting up for the 5th daily test of the 1.5750 Flatline.. above, bear & bull buy stops could push the newly energized Goose up to the 1.5850's near term..
have a nice flight..
NC JJM 12:14 GMT September 10, 2002
daily trend indicator has turned positive in $/cad for the first time since early august addding fuurther support to an upside break........anyone else have any thoughts on $/cad?
van gecko good stuff on this pair from u the last few weeks..great job friend....!!!
hk ab 11:31 GMT September 10, 2002
Gecko// look at the flying goose.... I think upside is quite "long" this one, am eyeing 1.59
van Gecko 16:50 GMT September 9, 2002
Chennai DRSivaraman.. the next test of the Gbp/Jpy guide dog's 186 Flatline could shift the Usd/Jpy up to the next trading zone, 119/121..
Chennai DRSivaraman 16:28 GMT September 9, 2002
van Gecko 16:14 GMT - I endorse your view on USD/YEN.The upward shift in trading zone is expected......
van Gecko 16:14 GMT September 9, 2002
Usd/Jpy m/t targets for the current USD 'counter rally' is now up at the 125/126's..
for long marching positional players setting sights for a 6 to 8 yen payday, acumulation/scaling levels had gone up to the 117.8/118.3 bands..
above 118.5, harmonizing with the market by adding on every 100 pip rise (119.5.. 120.5.. 121.5) could pay vely well..
van Gecko 02:18 GMT September 8, 2002
Athens 18:11.. yes indeed.. one must learn to keep things simple in life & trading..
accept our limitations.. be content.. don't try to guess & out-smart the market..
learn to read charts & follow the market.. have fun, 'K.eep I.t S.imple S.am'.. practice 'K.I.S.S'.. & 'K.I.S.S'.. & 'K.I.S.S..' simile & be happy...;)
FRANCE ¥€$-OG-¥€$ 17:02 GMT September 5, 2002
Who else would come up with a "wong ho choi" expression?
Global-View Jay 16:59 GMT September 5, 2002
Re Como Perrie's farewell speech, there is absoluetly no validity to "many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO." Van Gecko has his own unique identity and personality, may I add, only posts under his own name.
Chicago-Irish 16:13 GMT September 5, 2002
roflmao yippee!!!!!!!!!!
NYC YIPPEE 16:11 GMT September 5, 2002
como Don't let the door.......
van Gecko 16:11 GMT September 5, 2002
como perrie 15:59 ..
"many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO " ??
i am honored.. but, sorry, no can do.. we are two different identities.. Jay is too nice to talk like yours truly...;)))))
all the best for you.. & keep on smiling my friend...
Cheerios..
Global-View 16:07 GMT September 5, 2002
John. I asked Igor to email me so contact me and ask if there is any info to pass on.
Bangkok FBF 16:07 GMT September 5, 2002
Como Perrie//Before you go, may I ask why you are leaving this forum frd?
Provo John 16:04 GMT September 5, 2002
igor waltritsch, I have not been watching the forum lately, so I must ask why are you leaving?
Bangkok FBF 15:59 GMT September 5, 2002
ATL, Chicago Irish//If you remember previous comments, we have more whales feeding at the mom :)
****** Como got wiped out on long euro ?
como perrie 15:59 GMT September 5, 2002
I GUESS, I DO NOT HAVE TO WRITE ANYMORE ON THIS FORUM.
THAT SAID....
PERRIE COMO, HAS DIED AND WILL NOT BE PRESENT ANYMORE ON HERE.
Any others using such name will be just abusing of others identities and knowledge.
Good Bye All
Particurlarly to the only 2 seasoned professionals, my friends
Athens, alias Adam Liacopulos
and Qindex, alias Albert Cheung
many thanks and best wishes also to Jay Maisler, alias that funny friend hiden bihend VANcouver GECKO
again cheers to all other too for all the nice experience we had trough this one, the onle ONE BEST FORUM AROUND THE GLOBE
GOOD LUCK GLOBAL-VIEW
igor waltritsch
van Gecko 10:25 GMT September 5, 2002
morning perrie..;) indeed, it may be a matter of 'harmonious Fx alignment..'
09:52 may be funny or not funny will depend on if we are aligned in harmony or in dis-harmony with the pairs..
sing well & be happy..;)
van Gecko 10:10 GMT September 5, 2002
hk ab 09:34.. as our TRD friend, HongKong Revdax often said about the 'strange TRD phenomenon' surrounding a currency when it decides to make a turn; .. it's going up because 'time' is up.. not because of any fundamental impurities.."..
so in Goose's 'strange TRD phenomenon' terms; the Goose is flying because it time for it to fly..
same 'strange TRD phenomenon' may applies for here Majesty GBP here, who is now flying in opposite direction to the Great Goose..
como perrie 09:52 GMT September 5, 2002
GBP_EUR 1.5734 1.5739
USD_CAD 1.5705 1.5710
GBP_USD 1.5705 1.5710
funny indeed Gecko :) good luck
van Gecko 09:44 GMT September 5, 2002
this may be the rare converging times for the next little while for GBP/USD & USD/CAD traders to get all confuse with both pairs flashing 1.5705 across the screen here..
soon, her Highness will kiss good bye (not good buy) to 1.57..
van Gecko 08:26 GMT September 5, 2002
guangzhou danny..
imo watch Eur/Gbp like a @_@ (or a bear).. as long as Eur/Gbp fail to close DAILY ABOVE .6425/50.. sell as much European currencies as you can afford.. zzz more & stop looking at the screen.. as the pips dancing across tghe screen could play pip_less tricks on one's mind..;) fwiw
NC JJM 14:25 GMT September 4, 2002
thanks van gecko>>>> your the best...cheers, i always love your goose commentary....all the best
van Gecko 14:21 GMT September 4, 2002
morning JJM.. the Usd/Cad Goose looks good here..
FYI
"van Gecko 13:39 GMT September 3, 2002
pipraider.. its vely obvious to most $bears that Usd/Cad seems to be going down & down to 1.50 ?.. the mighty Euro & Crosses could provide some directional clues here for the lackluster Goose..
you might wish to make note of the recent analysis from our long time $Goose flying friend Malta Bobby;
"..Candy is under great influence from EURCAD situation and I didn't like how it rebounded from that 1.5073 today...it is really looney lately...Now, on any EURUSD sideways-down move, USDCAD might just fly if that cross situation persist.."
have a nice flight.. ""
FRANCE ¥€$-OG-¥€$ 14:15 GMT September 4, 2002
Without having any usdcad I m virtually pushing for higher..
will help the downside of euro+gbp.
go gecko click.
;)
NC JJM 14:08 GMT September 4, 2002
van gecko>>> r u out there friend...wondering what u r thinking on $/cad??? tia
HK Kevin 13:19 GMT September 4, 2002
Van Gecko, good morning. I am back from a week-long business trip in Beijing and Seoul yesterday and still try to catch up with the market. Congrulation for your high flying USD/CAD.
shanghai bc 12:34 GMT September 4, 2002
AHE 10:49 -- Good evening..I am afraid I am not a linesman in forex..But Usd/Jpy medium-term has turned very bearish since it fell through 20 month MA four months ago indicating many months of weakness ahead..115 was defended thanks to MOF folks' hard work but once 115 goes,110-100 seems to be a reasonable target in coming months,perhapse early next year..The question at this stage seems to be how much Usd/Jpy can bounce before continuing its medium-term downmove..Imho..Good trades..
FRANCE ¥€$-OG-¥€$ 02:09 GMT September 4, 2002
GO Usdjpy...show us a little 120-123 B4 105.
Melb 17:00 GMT September 3, 2002
VA Raven : Wong-ho choi = vely wrong = very wrong
Rong Wei = wrong way perhaps??
Chicago-Irish 16:56 GMT September 3, 2002
Va Raven:No clue on that one mate :-)
Va Raven 16:53 GMT September 3, 2002
Thanks, Chicago-Irish. But now I am more confused..... why should I be related to this Mr. Rong Wei?
Chicago-Irish 16:47 GMT September 3, 2002
VA Raven:The gentleman in question is a close relative of Mr.Rong Wei.The chinese branch of the Nigel Jubb's clan.
Va Raven 16:20 GMT September 3, 2002
Gecko, when you have time, drop a few lines about this "Wong Ho-Choi" story on the HELP FORUM for me please. What is it?
van Gecko 15:50 GMT September 3, 2002
sorry Raven.. it's vely obvious we have different trading time frame & trading methods.. i am not into anticpating BoC, BoG, or FeD announcements and trade them like some nimble Fx cat here..;)
btw.. are you related to "Wong Ho-Choi" ? (who is Wong Ho-Choi? go see my 12:47 GMT.. 888 posts down..;)
Va Raven 15:28 GMT September 3, 2002
Gecko, BoC might hike the rates against market's expectation (everyone makes mistake) tomorrow.... so looking for more "on sale" moment
van Gecko 15:16 GMT September 3, 2002
what is your usd/cad trading time frame? Raven (you don't have to answer..;)
Va Raven 15:09 GMT September 3, 2002
In the event of any war that involves US, CAD is not a safe haven currency. CAD will fly against dollar only when US is in some medterm "good shape", then something under 1.5 is reasonable to expect.... otherwise, cad should go the way Gecko has been calling for so many....(s?), Gecko?
van Gecko 15:06 GMT September 3, 2002
then get a jump ahead of BoC.. buy a few yard here.. give the lazy Goose a push! Raven ;)
Va Raven 14:55 GMT September 3, 2002
Gecko, tmorrow after BoC's decision, cad might move the way you have been calling for these ..
van Gecko 14:43 GMT September 3, 2002
watch the low hopping aussie Kangaroo & those european Crosses.. $Bears could wound up getting 'double, triple, or quadruple crossed here..
van Gecko 13:39 GMT September 3, 2002
pipraider.. its vely obvious to most $bears that Usd/Cad seems to be going down & down to 1.50 ?.. the mighty Euro & Crosses could provide some directional clues here for the lackluster Goose..
you might wish to make note of the recent analysis from our long time $Goose flying friend Malta Bobby;
"..Candy is under great influence from EURCAD situation and I didn't like how it rebounded from that 1.5073 today...it is really looney lately...Now, on any EURUSD sideways-down move, USDCAD might just fly if that cross situation persist.."
have a nice flight..
van Gecko 02:14 GMT September 3, 2002
one of the rule for survival in this sordid biz is if you must trade, learn to be patient & suppress our natural human instinct to "Buy at the Tops & Sell at the Lows".. Usd/Jpy now at/near the major 52 week low.. at/near the 2 month low, at/near the 2 week low, & at/near the 2 day low here.. selling here & hoping for new low is like stareing with your bare eye at the bright rising Sun.. sooner rather then later, one risk going blind (or broke ?)..
Geneva 00:38 GMT September 1, 2002
a follow up on my 16:06, among the long list of past and present good traders in this forum I put Shanghai bc and Van Gecko on my must read list. two good traders with contrasting styles, but both share a common unselfish desire to share and express their views in detail. Shanghai bc is clear and thoughtful whereas Gecko's words are at times colorful which might require a second or third read to uncover those Geckese gems. their views may be biased to influence the market directions, but the intentions are honest. we are fortunate to see them share their views in global view.
van Gecko 16:16 GMT August 29, 2002
Usd/Jpy.. painting a "3 Bar Daily Butterfly Reversal"
failure to close below the 2+ month up channel today (below 117) combined with a "3 Bar Daily Butterfly Reversal" from the daily channel bottom is potentially vely bullish for this newly energized pair.. Air Japan flying on the new high octane 183 Gbp/Jpy fuel could push for the 121.. 123.. 125 stratospheres here..
van Gecko 19:55 GMT August 7, 2002
Mexico OSK 19:06.. my trading time frames are s/m/term/swing trades.. intraday movements are mostly pip noises when viewed from the longer time frame prespective.. that said, her Cable Highness was plagued by the EurGbp & GbpJpy cross plays all day long.. the 50 month & the 50 day ma's were tested & held on this first major retracement after a non-stop 1800 pip run up.. once this complex cross adjustments are done, her Majesty could see a nice 'that or live cat' bounce up to the 155's again..
good nite..
van Gecko 13:21 GMT July 29, 2002
good evening Kevin..
yes, this is another baby USD/JPY bull in the making.. very bullish weekly & daily up signals after 4 months of decline.. the Geisha seems to had got rid of the 'SOB 150/200 pip curse' & had kissed good bye (yes good buy) to that muti-year 115.50 double bottom support..
van Gecko 18:26 GMT July 24, 2002
Van jv .. great Goose watching weather lately..
with Aud taking out the weekly 21ma with such ease under the current Usd/Gold dynamics, my voodoo ball don't see any significant support till the converging 50 week ma & lower bollinger down at the 5280's lines..
the picture for the Aud/Jpy cross influence is even worst with Usd/Jpy targeting the 112/110's m/t & the current Aud/Jpy levels hoovering below the weekly 21 & 50ma lines.. a tiny 250 pips from the multi-year 6000 support necklines before testing historic lows again..
the wild card savior here may be a natural or BOJ induced Usd/Jpy correction from this multi-year 115.50 double bottom support..
gl..
van Gecko 04:08 GMT July 22, 2002
USD on verge of confirming Price_Tech_Time corrections for the 1st time since June 18th's big time dollar sell-off..
current price dynamics suggests Euro taking out the recent 1.0030 flatline support.. once through, penned up gravitational dynamics could see a free fall down to the .9960's..
same for here Highness GBP.. taking out the recent 1.5620 flatline support could induce a bear run all the way down to the 1.5580's..
near term, complacent $bears buying on dips of less then 200 pip noise for new heights could be risky under the current market dynamics ..
van Gecko 17:34 GMT July 16, 2002
BK VAL 16:15.. long time no see.. hope you are fine my friend..
london pipraider 11:20.. congrats on your long marching limit order on weekly E/$ position fulfilled @ 1.0140..;)
;
the dollar had nicely followed through on the 10 Year Triple Top Failure from February.. after 7 months & 1625 bps decline from January, it had nominially breached & is now at the .6 fibo support of the 7 year rise from the 1995 trough in conjunction with acheiving the Parity objective..
near term.. i beleive some of the Parity euphoria may now be subsiding as we are witnessing a 4hr Key Sentimental Reversal in progress (perhaps compliment of uncle Greenie's inspirational speech today)..
a close today under 1.0090 could confirm a near term top and pressure 1.0020/00.. below 1.0000, support is every 50 pips down to 9750 where more m/t long marchers are waiting to add/reload..
gl..
van Gecko 21:48 GMT July 14, 2002
usdjpy medium/long/term psychoanalysis..
these are very critical times & levels for the usdjpy bulls.. m/t, the market is looking for the 112/110 levels where a nice bounce of 10 to 12 big figures up to the 120/123's could be seen.. if the bulls fail to sustain the momentums and push the market up to the 130/135's from there, then they could kiss good bye (not good buy) to the l/t target of 145/200's..
as a failure up there would bring out more m/t closet bears to gun & push the market for the 101's and the 1995 80 lows.. consistent with the long term down trend from 1985...
;
near term.. market dynamics over the last few sessions seems to be setting-up for sleepy Geisha crouching Tiger replay..
Cheerios & Saki for all...;)
van Gecko 00:11 GMT July 11, 2002
usdjpy..
getting hammered by savvy m/t sellers since it flashed a big time trend continuation signl to the market after the critical 21 month ma line was lost in June..
the 'back-up' 50 month ma levels are being tested now perhaps compliment of MOF's SSS effects (Shiokawa San Songs)..
near term.. either this 50 month ma gets taken out in quick order, or the market will bounce around this 50 month ma clusters like a yoyo bear contest for a few week here before deciding on its next merry go directional bias..
mini term.. downside could be limited as the market had gone though all weekly fibo extensions in 3 days & find support ahead of the primary monthly support.. currently, a symmetrical 4hr flip fractal reversal formation is being painted for the bulls.. over 118.20's targets the mid 119's..
cheerios..
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