Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 02, 2004
van Gecko 15:23 GMT September 2, 2004
Dollar/Canada is casting an early "merry go south vote for the Dollar" with a pending 3rd weekly test of the crucial 1.2950 support.. 3 strikes & lights out?
the poor double crossed Aussi Kangaroo should start hopping behind the speeding Goose to correct this near term abnormality between the comdy twins in their long term race to Parity..
cheers ab..
hk ab lazy 14:15 GMT September 2, 2004
gecko//imvho,
aud and nzd must show some sort of 150-200 pips fast hrly downmove before a bottom is found. The slow etching downmove gets precipitious.
van Gecko 13:03 GMT September 2, 2004
levels from here down to Aud .6950 & Nzd .6450 if seen are good buys for pikers & positional players.. these rare inter-market abberations induced levels may not be seen again after this week.. fwiw..
van Gecko 08:02 GMT September 2, 2004
London 07:39.. long marching Gold players can't ask for a better m/t bias; consecutive $25+ higher high/low months with technically sound retracements since touching $370 in April..
any dips down to the $395/400 in September are good accumulation levels for new highs..
Ltn th 07:12.. should the Dollar repeat its great 1000 bps September to year end slide for the 3rd consecutive year, Aud/Usd & Nzd/Usd could finish the year up at the .7600/8000 & .7000/7500 ranges respectively..
Eur/Aud is a vely good sell up here.. risk 100 pips for 500+ pips cheers
London 07:39 GMT September 2, 2004
van Gecko Talk that net speculative long positions relatively large gold may head lower in the near term, possible at $395 1-month but recovering $420 3-months all depending on the Dollar however.
van Gecko 07:12 GMT September 2, 2004
Gold closing above $405 in August had tarnished the s/t picture for the Dollar..
another $25 monthly bar would see Gold up at the $425/430 levels intra-month, tilting the m/t odds for the Dollar to repeat its great September Slide of the last 2 years..
Cheerios..
Ltn th 07:12 GMT September 2, 2004
L/// I would be expecting aud to decouple from the euro about now. We have diverging views from wp&nat on one side and rest. I stil like 81 aroundd end of year.
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market 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..
Dollar/Canada is casting an early "merry go south vote for the Dollar" with a pending 3rd weekly test of the crucial 1.2950 support.. 3 strikes & lights out?
the poor double crossed Aussi Kangaroo should start hopping behind the speeding Goose to correct this near term abnormality between the comdy twins in their long term race to Parity..
cheers ab..
hk ab lazy 14:15 GMT September 2, 2004
gecko//imvho,
aud and nzd must show some sort of 150-200 pips fast hrly downmove before a bottom is found. The slow etching downmove gets precipitious.
van Gecko 13:03 GMT September 2, 2004
levels from here down to Aud .6950 & Nzd .6450 if seen are good buys for pikers & positional players.. these rare inter-market abberations induced levels may not be seen again after this week.. fwiw..
van Gecko 08:02 GMT September 2, 2004
London 07:39.. long marching Gold players can't ask for a better m/t bias; consecutive $25+ higher high/low months with technically sound retracements since touching $370 in April..
any dips down to the $395/400 in September are good accumulation levels for new highs..
Ltn th 07:12.. should the Dollar repeat its great 1000 bps September to year end slide for the 3rd consecutive year, Aud/Usd & Nzd/Usd could finish the year up at the .7600/8000 & .7000/7500 ranges respectively..
Eur/Aud is a vely good sell up here.. risk 100 pips for 500+ pips cheers
London 07:39 GMT September 2, 2004
van Gecko Talk that net speculative long positions relatively large gold may head lower in the near term, possible at $395 1-month but recovering $420 3-months all depending on the Dollar however.
van Gecko 07:12 GMT September 2, 2004
Gold closing above $405 in August had tarnished the s/t picture for the Dollar..
another $25 monthly bar would see Gold up at the $425/430 levels intra-month, tilting the m/t odds for the Dollar to repeat its great September Slide of the last 2 years..
Cheerios..
Ltn th 07:12 GMT September 2, 2004
L/// I would be expecting aud to decouple from the euro about now. We have diverging views from wp&nat on one side and rest. I stil like 81 aroundd end of year.
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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