Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, April 14, 2004
Malaga boqueron 13:25 GMT April 14, 2004
van Gecko, re EU and it's crosses. Agree EU looking good today on the crosses, but key is what sort of bounce will it be. On a little further out horizon, things don't look as good for EU.
van Gecko 12:56 GMT April 14, 2004
Malaga boqueron.. fwiw the EU on virtually all the EUUS lead crosses are in the process of painting long daily Candles after an extened period to the downside.. sustained closes at/near these present levels will bring out all sort of faithful Candle following bulls tommorrow..
btw, usd/chf is not in agreement with its cousins 'strong dollar' moves..
Malaga boqueron 12:38 GMT April 14, 2004
van Gecko, Good to see you too. What worries me about EUUS is the EU on virtually all the crosses.
van Gecko 12:30 GMT April 14, 2004
Malaga boqueron.. good to see you.. you might be right.. while sub 1.1900 levels can't be precluded on this down leg.. m/t elephants must do their accumulation by scaling in long marching cargos at various 'value zones' with 'cat & mouse' tactics..
Malaga boqueron 12:18 GMT April 14, 2004
van Gecko, re elephant bargain hunters might be a little early. The longer it stays near lo's the greater the odds for the pair to continue down into the end of week. I can see a rally beginning early next week
van Gecko 12:04 GMT April 14, 2004
elephant bargain hunters must be saying "thank you vely much for 1.1900" to the market..
a break above 1.1950 should initiate some level 1 short squeeze.. a half session close above 1.1970 would put 1.2050..1.2150 back in the picture..
the guide dogs are flying & firing on all cylinders today..
The longer this 1.1900 line stays intact, the more doubts will start to set in the mind of momentum bears..
Cheerios..
van Gecko 07:09 GMT April 14, 2004
ab.. yep.. looks like some savvy long marching money players are buying euro & it's crosses at/near major swing lows here..
van Gecko 04:11 GMT April 14, 2004
the odds for euro to break 1.18/19 near term is slim to none.. the near term market psycho is similiar to last September when euro corrected to 1.08 & all the 'Johnny come latelys' jumped on the 1.05 bottom feeding bearwagon..
The 1000 pip drop from the recent 1.29 high had been vely rewarding for all short marching Sons Of Beatrice..
Cheerios..
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..
van Gecko, re EU and it's crosses. Agree EU looking good today on the crosses, but key is what sort of bounce will it be. On a little further out horizon, things don't look as good for EU.
van Gecko 12:56 GMT April 14, 2004
Malaga boqueron.. fwiw the EU on virtually all the EUUS lead crosses are in the process of painting long daily Candles after an extened period to the downside.. sustained closes at/near these present levels will bring out all sort of faithful Candle following bulls tommorrow..
btw, usd/chf is not in agreement with its cousins 'strong dollar' moves..
Malaga boqueron 12:38 GMT April 14, 2004
van Gecko, Good to see you too. What worries me about EUUS is the EU on virtually all the crosses.
van Gecko 12:30 GMT April 14, 2004
Malaga boqueron.. good to see you.. you might be right.. while sub 1.1900 levels can't be precluded on this down leg.. m/t elephants must do their accumulation by scaling in long marching cargos at various 'value zones' with 'cat & mouse' tactics..
Malaga boqueron 12:18 GMT April 14, 2004
van Gecko, re elephant bargain hunters might be a little early. The longer it stays near lo's the greater the odds for the pair to continue down into the end of week. I can see a rally beginning early next week
van Gecko 12:04 GMT April 14, 2004
elephant bargain hunters must be saying "thank you vely much for 1.1900" to the market..
a break above 1.1950 should initiate some level 1 short squeeze.. a half session close above 1.1970 would put 1.2050..1.2150 back in the picture..
the guide dogs are flying & firing on all cylinders today..
The longer this 1.1900 line stays intact, the more doubts will start to set in the mind of momentum bears..
Cheerios..
van Gecko 07:09 GMT April 14, 2004
ab.. yep.. looks like some savvy long marching money players are buying euro & it's crosses at/near major swing lows here..
van Gecko 04:11 GMT April 14, 2004
the odds for euro to break 1.18/19 near term is slim to none.. the near term market psycho is similiar to last September when euro corrected to 1.08 & all the 'Johnny come latelys' jumped on the 1.05 bottom feeding bearwagon..
The 1000 pip drop from the recent 1.29 high had been vely rewarding for all short marching Sons Of Beatrice..
Cheerios..
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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