Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, October 25, 2004
london 18:34 GMT October 25, 2004
``The ducks are all lined up against the dollar,'' said ABN's McMahon.
Bloomberg.
london 15:37 GMT October 25, 2004
Perth WTR for now its overbought a retracement due (overdue) , all is needed is a excellent bit of data and the USD could pick up steam, not permanent but can be very unconfortable for those still holding the opposite direction - I prefer the view of BC and Gecko
Perth WTR 15:29 GMT October 25, 2004
london 15:22 GMT October 25, 2004
the usd bear rally might be halted temporarily but whether there is significant retracement is still in question and what size....consolidation of 100-150 pips from today's most extreme price is all i can see, it is gonna be frustrating for those trapped earlier as by the time they almost get out of trouble, the rally has started again, that's gonna be the scenario
prior to us election there should be tight range forming too so again consolidation area of 150 pips max is all i can think of
london 15:22 GMT October 25, 2004
Cairo MDR 15:05 GMT there you go from earlier today
"van Gecko 01:04 GMT October 25, 2004
Perth.. its time to take some dollar profits off the table..
the Dollar is going down.. but break away gaps don't usually take place after the Dollar had already tanked 200 points from the 87 neckline.. Dollar longkies are being squeezed in the left nutz by Asian sharkies..
"09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg......"
cheerios..
shanghai bc 00:16 GMT October 25, 2004
Dollar is highly likely to see the new lows for the year in coming weeks. But for short-term,it is now in oversold territory around Usd/Chf 1.20 line. Expecting some return dances around that line for a few times before Dollar resumes its fall of another leg till it is oversold medium-term. Fwiw."
Cairo MDR 15:05 GMT October 25, 2004
london 15:02 GMT October 25, 2004
nope but can u refresh my memory
london 15:02 GMT October 25, 2004
Cairo MDR rarely do you see Van Gecko talking about a retracement for the USD and BC confirmed this
london 15:00 GMT October 25, 2004
Cairo MDR If it does break , you will see the Correction Shanghai BC and Gecko were talking about today
Cairo MDR 14:57 GMT October 25, 2004
oil 54.30, are we gonna see the breakof 54 today?
shanghai bc 01:34 GMT October 25, 2004
Large corporate hedgers in Asia are not as sensitive as CBs or hedge funds or bank forex folks..But they have a large ammunition.. They have been believeing in range for the year with Eur/usd 1.25 as their ceiling..Now the trend is moving and they are now forced to go along with the move and they are heavyweights..Many more will join later making it a decent medium-term move..But as usual they are mostly late comers..Fwiw.
Eilat Dolphin 01:10 GMT October 25, 2004
Van Gecko/ Tell us when you see the Euro panzerdivisionnen camping on up there on the Great Bear lake...
Perth WTR 01:07 GMT October 25, 2004
van Gecko 01:04 GMT October 25, 2004
thanks mate, will take 50% now, stops trailing
van Gecko 01:04 GMT October 25, 2004
Perth.. its time to take some dollar profits off the table..
the Dollar is going down.. but break away gaps don't usually take place after the Dollar had already tanked 200 points from the 87 neckline.. Dollar longkies are being squeezed in the left nutz by Asian sharkies..
"09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg......"
cheerios..
Perth WTR 00:41 GMT October 25, 2004
forget about extremes, there is no extreme now....it is a crash...NY session later we will see more of this...as soon as equity market opens Dow, Nasdaq, they all crash
Perth WTR 00:33 GMT October 25, 2004
i think everyone would expect usd/chf to bottom out now but i say no it wont happen yet....1.19 and lower can be easily seen due to all the rush to buy, forget about doing contra trades at least for today
shanghai bc 00:16 GMT October 25, 2004
Dollar is highly likely to see the new lows for the year in coming weeks. But for short-term,it is now in oversold territory around Usd/Chf 1.20 line. Expecting some return dances around that line for a few times before Dollar resumes its fall of another leg till it is oversold medium-term. Fwiw.
Perth WTR 23:53 GMT October 24, 2004
why won't people learn from past mistakes? it happens many times year by year, sep-oct-nov sell dollar! it is a clear range breakout and yet people still hope for reversal, forget it i say this rally in euro is self-sustaining, there are plenty speculators down there 1.24-1.25 even under 1.2640 now hoping for a bit of retracement to get out quickly so everytime euro is approaching that level it will just be bought again
weekly charts suggest more evidence, this is the start only, will accelerate starting this week and we have seen just a few hours into the week
LDN. 23:53 GMT October 24, 2004
Gold Coast Martin, will you be taking profits on your short aud 77 before it reaches that level. ?
quito_ecuador_valdez "mos-quito" 23:52 GMT October 24, 2004
Anyone else insist they don't see the E/$ breakout happening? GT all...we're headed one way or the other to 1.30 soon enough then to 1.35 or higher around Christmas.
I hope everyone's longed the rogue, what more can I say?
Perth WTR 23:42 GMT October 24, 2004
keep selling dollar, there is no way it will come back, it is a sell-off..crash
just look at dollar index, potentially break-out gap today....it is just gonna accelerate down thru 85 level easily and never look back again
euro is 1.29 by friday, we won't see 1.26 anymore this week and many more months to come
hk ab 23:47 GMT October 24, 2004
nt, waken up to see your long cad limit yet?
hk ab 08:08 GMT October 23, 2004
I seldom have time to read gvi recently due to the daily work.
For cad, I think Gecko is the winner.
Your suggest agree with his temp. bottom at 1.22. GT.
hong kong nt 07:23 GMT October 23, 2004
AB -- what do you think of buying usd/cad at 1.2260/70? good trades to you..
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..
``The ducks are all lined up against the dollar,'' said ABN's McMahon.
Bloomberg.
london 15:37 GMT October 25, 2004
Perth WTR for now its overbought a retracement due (overdue) , all is needed is a excellent bit of data and the USD could pick up steam, not permanent but can be very unconfortable for those still holding the opposite direction - I prefer the view of BC and Gecko
Perth WTR 15:29 GMT October 25, 2004
london 15:22 GMT October 25, 2004
the usd bear rally might be halted temporarily but whether there is significant retracement is still in question and what size....consolidation of 100-150 pips from today's most extreme price is all i can see, it is gonna be frustrating for those trapped earlier as by the time they almost get out of trouble, the rally has started again, that's gonna be the scenario
prior to us election there should be tight range forming too so again consolidation area of 150 pips max is all i can think of
london 15:22 GMT October 25, 2004
Cairo MDR 15:05 GMT there you go from earlier today
"van Gecko 01:04 GMT October 25, 2004
Perth.. its time to take some dollar profits off the table..
the Dollar is going down.. but break away gaps don't usually take place after the Dollar had already tanked 200 points from the 87 neckline.. Dollar longkies are being squeezed in the left nutz by Asian sharkies..
"09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg......"
cheerios..
shanghai bc 00:16 GMT October 25, 2004
Dollar is highly likely to see the new lows for the year in coming weeks. But for short-term,it is now in oversold territory around Usd/Chf 1.20 line. Expecting some return dances around that line for a few times before Dollar resumes its fall of another leg till it is oversold medium-term. Fwiw."
Cairo MDR 15:05 GMT October 25, 2004
london 15:02 GMT October 25, 2004
nope but can u refresh my memory
london 15:02 GMT October 25, 2004
Cairo MDR rarely do you see Van Gecko talking about a retracement for the USD and BC confirmed this
london 15:00 GMT October 25, 2004
Cairo MDR If it does break , you will see the Correction Shanghai BC and Gecko were talking about today
Cairo MDR 14:57 GMT October 25, 2004
oil 54.30, are we gonna see the breakof 54 today?
shanghai bc 01:34 GMT October 25, 2004
Large corporate hedgers in Asia are not as sensitive as CBs or hedge funds or bank forex folks..But they have a large ammunition.. They have been believeing in range for the year with Eur/usd 1.25 as their ceiling..Now the trend is moving and they are now forced to go along with the move and they are heavyweights..Many more will join later making it a decent medium-term move..But as usual they are mostly late comers..Fwiw.
Eilat Dolphin 01:10 GMT October 25, 2004
Van Gecko/ Tell us when you see the Euro panzerdivisionnen camping on up there on the Great Bear lake...
Perth WTR 01:07 GMT October 25, 2004
van Gecko 01:04 GMT October 25, 2004
thanks mate, will take 50% now, stops trailing
van Gecko 01:04 GMT October 25, 2004
Perth.. its time to take some dollar profits off the table..
the Dollar is going down.. but break away gaps don't usually take place after the Dollar had already tanked 200 points from the 87 neckline.. Dollar longkies are being squeezed in the left nutz by Asian sharkies..
"09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg......"
cheerios..
Perth WTR 00:41 GMT October 25, 2004
forget about extremes, there is no extreme now....it is a crash...NY session later we will see more of this...as soon as equity market opens Dow, Nasdaq, they all crash
Perth WTR 00:33 GMT October 25, 2004
i think everyone would expect usd/chf to bottom out now but i say no it wont happen yet....1.19 and lower can be easily seen due to all the rush to buy, forget about doing contra trades at least for today
shanghai bc 00:16 GMT October 25, 2004
Dollar is highly likely to see the new lows for the year in coming weeks. But for short-term,it is now in oversold territory around Usd/Chf 1.20 line. Expecting some return dances around that line for a few times before Dollar resumes its fall of another leg till it is oversold medium-term. Fwiw.
Perth WTR 23:53 GMT October 24, 2004
why won't people learn from past mistakes? it happens many times year by year, sep-oct-nov sell dollar! it is a clear range breakout and yet people still hope for reversal, forget it i say this rally in euro is self-sustaining, there are plenty speculators down there 1.24-1.25 even under 1.2640 now hoping for a bit of retracement to get out quickly so everytime euro is approaching that level it will just be bought again
weekly charts suggest more evidence, this is the start only, will accelerate starting this week and we have seen just a few hours into the week
LDN. 23:53 GMT October 24, 2004
Gold Coast Martin, will you be taking profits on your short aud 77 before it reaches that level. ?
quito_ecuador_valdez "mos-quito" 23:52 GMT October 24, 2004
Anyone else insist they don't see the E/$ breakout happening? GT all...we're headed one way or the other to 1.30 soon enough then to 1.35 or higher around Christmas.
I hope everyone's longed the rogue, what more can I say?
Perth WTR 23:42 GMT October 24, 2004
keep selling dollar, there is no way it will come back, it is a sell-off..crash
just look at dollar index, potentially break-out gap today....it is just gonna accelerate down thru 85 level easily and never look back again
euro is 1.29 by friday, we won't see 1.26 anymore this week and many more months to come
hk ab 23:47 GMT October 24, 2004
nt, waken up to see your long cad limit yet?
hk ab 08:08 GMT October 23, 2004
I seldom have time to read gvi recently due to the daily work.
For cad, I think Gecko is the winner.
Your suggest agree with his temp. bottom at 1.22. GT.
hong kong nt 07:23 GMT October 23, 2004
AB -- what do you think of buying usd/cad at 1.2260/70? good trades to you..
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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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