Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, January 06, 2005
van Gecko 08:53 GMT January 6, 2005
good day valdez.. nothing magic, its simple price actions in conjunction with classic tools confirming the foot prints of elephants.. cheers..
quito_ecuador_valdez 08:11 GMT January 6, 2005
Gecko baby! When ever you surface things pop..welcome back. Not wet from high waves amigo? Hope your vacation was safe and fun. OK, so you feel the mother of all support lines may be hit...not questioning you but tell me your magic...details please please
van Gecko 08:08 GMT January 6, 2005
Euro had kissed good bye to 1.36 (yes, good bye.. not good buy)..
last year's Q4 'Dollar Bear Brigade' had turned into Q1 'Dollar Bull Brigade'.. these elephants now has 1.3000/2950 in sight with a 1.25/20 m/t target..
Cheerios..
euro @1.3250
shanghai bc 04:50 GMT January 6, 2005
TH -- Good afternoon..Dollar index 80 has been a decade-old support and I tend to reduce positions towards that line each time too..This round of Dollar bounce is when we approached it for the second time..The first time was early December..Not sure if 80 will contain Dollar floor this time but with medium-term oversold posion plus approaching decade old support,Dollar must find some support and bounce too ..Hardly a sign of Dollar strength but a bounce only..83 is fine for me to re-start selling..But will reduce again if and when Dollar approaches 80 again..There must be a strong event to make Dollar fall through 80 or we may really start seeing some folks aggressively buying Dollars soon betting on 80 long-term/medium-term floor..Good trades.
Ltn th 04:35 GMT January 6, 2005
BC Good afternoon.
Would you recommend reducing EURUSD holdings as it approaches 1.4 in the next 2 weeks?
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..
good day valdez.. nothing magic, its simple price actions in conjunction with classic tools confirming the foot prints of elephants.. cheers..
quito_ecuador_valdez 08:11 GMT January 6, 2005
Gecko baby! When ever you surface things pop..welcome back. Not wet from high waves amigo? Hope your vacation was safe and fun. OK, so you feel the mother of all support lines may be hit...not questioning you but tell me your magic...details please please
van Gecko 08:08 GMT January 6, 2005
Euro had kissed good bye to 1.36 (yes, good bye.. not good buy)..
last year's Q4 'Dollar Bear Brigade' had turned into Q1 'Dollar Bull Brigade'.. these elephants now has 1.3000/2950 in sight with a 1.25/20 m/t target..
Cheerios..
euro @1.3250
shanghai bc 04:50 GMT January 6, 2005
TH -- Good afternoon..Dollar index 80 has been a decade-old support and I tend to reduce positions towards that line each time too..This round of Dollar bounce is when we approached it for the second time..The first time was early December..Not sure if 80 will contain Dollar floor this time but with medium-term oversold posion plus approaching decade old support,Dollar must find some support and bounce too ..Hardly a sign of Dollar strength but a bounce only..83 is fine for me to re-start selling..But will reduce again if and when Dollar approaches 80 again..There must be a strong event to make Dollar fall through 80 or we may really start seeing some folks aggressively buying Dollars soon betting on 80 long-term/medium-term floor..Good trades.
Ltn th 04:35 GMT January 6, 2005
BC Good afternoon.
Would you recommend reducing EURUSD holdings as it approaches 1.4 in the next 2 weeks?
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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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