Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, November 24, 2004
van Gecko 03:23 GMT November 25, 2004
London.. indeed.. those banks should take note that the bond market is not in agreement with the Dollar's dive over the last month.. its either the dog is running far ahead the master, or the dog is just wagging its speculative tail..
melbourne farmacia 23:09 good 1.32 year end projection.. well done..
Ldn pm 12:18.. sorry, i have no idea.. not into day trading noise swings inside a consolidation range or trending channel..
gl..
London 02:08 GMT November 25, 2004
van Gecko this is what my feelings are , we get constant banks across the newswires coming up with a new reason to flog the USD lets hope they ring the bell loud enough when they start taking profit
van Gecko 02:00 GMT November 25, 2004
London. 22:33.. its rare for the Gold market to move $25/30 in any 4 week period without making at least a $10 retracement.. it had moved up $33 since the start of the month to the present $450 psychological level..
while euro had spiked up since monday, Gold's momentum had stalled for the last 3 days.. right now, i would image those goldbugs who had brought above $435 are looking over each others shoulder with half cocked eyes.. a 1/2 session close below $445 could trigger a corrective liquidation to lock in some recent profits before they are h'issed into the wind..
cheerios..
melbourne farmacia 23:09 GMT November 24, 2004
Eur/Usd – Medium term target is upon us based on fib projections… need to see market’s reaction around this pivot over the next few days.
melbourne farmacia 03:50 GMT August 20, 2004
"ran some euro figures last week....so take your pick going into year end: over 1.2480 = 1.3203 or under 1.1758 = 1.1311..." GT
London. 22:33 GMT November 24, 2004
Gold is a surprise , having not been able to take out $450 and above . would have thought it too with the dollar weakness should have seen higher levels or is this speculative only not real money at work. Anyone got view on it
Ldn pm 12:18 GMT November 24, 2004
I have a question for van Gecko (or anyone in the know) on $/Cad -
I am told 25th of each month is oil day when the Canadian oil co's sell their Usd receipts for Cad. Do you know whether the oil companies have the flexibility to trade ahead of this date or is it a fixed date trade? If it is the latter surely it is open to heavy manipulation ? Would appreciate your thoughts/help on this matter.....many thanks in advance
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..
London.. indeed.. those banks should take note that the bond market is not in agreement with the Dollar's dive over the last month.. its either the dog is running far ahead the master, or the dog is just wagging its speculative tail..
melbourne farmacia 23:09 good 1.32 year end projection.. well done..
Ldn pm 12:18.. sorry, i have no idea.. not into day trading noise swings inside a consolidation range or trending channel..
gl..
London 02:08 GMT November 25, 2004
van Gecko this is what my feelings are , we get constant banks across the newswires coming up with a new reason to flog the USD lets hope they ring the bell loud enough when they start taking profit
van Gecko 02:00 GMT November 25, 2004
London. 22:33.. its rare for the Gold market to move $25/30 in any 4 week period without making at least a $10 retracement.. it had moved up $33 since the start of the month to the present $450 psychological level..
while euro had spiked up since monday, Gold's momentum had stalled for the last 3 days.. right now, i would image those goldbugs who had brought above $435 are looking over each others shoulder with half cocked eyes.. a 1/2 session close below $445 could trigger a corrective liquidation to lock in some recent profits before they are h'issed into the wind..
cheerios..
melbourne farmacia 23:09 GMT November 24, 2004
Eur/Usd – Medium term target is upon us based on fib projections… need to see market’s reaction around this pivot over the next few days.
melbourne farmacia 03:50 GMT August 20, 2004
"ran some euro figures last week....so take your pick going into year end: over 1.2480 = 1.3203 or under 1.1758 = 1.1311..." GT
London. 22:33 GMT November 24, 2004
Gold is a surprise , having not been able to take out $450 and above . would have thought it too with the dollar weakness should have seen higher levels or is this speculative only not real money at work. Anyone got view on it
Ldn pm 12:18 GMT November 24, 2004
I have a question for van Gecko (or anyone in the know) on $/Cad -
I am told 25th of each month is oil day when the Canadian oil co's sell their Usd receipts for Cad. Do you know whether the oil companies have the flexibility to trade ahead of this date or is it a fixed date trade? If it is the latter surely it is open to heavy manipulation ? Would appreciate your thoughts/help on this matter.....many thanks in advance
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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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