Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, November 23, 2004
Ldn 23:36 GMT November 23, 2004
AUD being marked up, rather than traded up, in reaction to the broader based move in the Euro/USD towards key barrier of 1.31. Real money has been pushed out of the icture. They are unwilling to chase the markets higher, leaving bids well below the market at 7750. If the rally continues it will do so without the support of longer term investors ! 4CAST -FX
Syd 19:17 GMT November 23, 2004
Analysts believe that EUR/USD is far more overvalued than USD/JPY is undervalued
There is one thing to consider, in the past intervention has been a battle of whits, however to have the tactics of lacking in concern can lull the spec traders into a false sense of security until they are loaded over their head in short Dollars agains everything.
jkt-aye 14:45 GMT November 23, 2004
EUR ... from my pivot model, there is a sign that within this week target on up move is 1.3111. If we can't see this level this week, suggest to find Gecko/Valdez/Qindex car and follow where it goes. imo. Happy hunting.
van Gecko 14:00 GMT November 23, 2004
2 weeks after pushing above the 1.2930 euro all time high & its still only 130 pips above this high water marker.. a market that is suppose to be blasting up to 1.35 shouldn't be stay glued to a major level for weeks.. a close below 1.2950 this week could spoil the Thanksgiving turkey dinner appetite for some top heavy overloaded bulls..
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..
AUD being marked up, rather than traded up, in reaction to the broader based move in the Euro/USD towards key barrier of 1.31. Real money has been pushed out of the icture. They are unwilling to chase the markets higher, leaving bids well below the market at 7750. If the rally continues it will do so without the support of longer term investors ! 4CAST -FX
Syd 19:17 GMT November 23, 2004
Analysts believe that EUR/USD is far more overvalued than USD/JPY is undervalued
There is one thing to consider, in the past intervention has been a battle of whits, however to have the tactics of lacking in concern can lull the spec traders into a false sense of security until they are loaded over their head in short Dollars agains everything.
jkt-aye 14:45 GMT November 23, 2004
EUR ... from my pivot model, there is a sign that within this week target on up move is 1.3111. If we can't see this level this week, suggest to find Gecko/Valdez/Qindex car and follow where it goes. imo. Happy hunting.
van Gecko 14:00 GMT November 23, 2004
2 weeks after pushing above the 1.2930 euro all time high & its still only 130 pips above this high water marker.. a market that is suppose to be blasting up to 1.35 shouldn't be stay glued to a major level for weeks.. a close below 1.2950 this week could spoil the Thanksgiving turkey dinner appetite for some top heavy overloaded bulls..
cheerios..
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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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