Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, January 19, 2005
van Gecko 14:23 GMT January 19, 2005
River Falls_USA_ PB 13:48.. its just a part of the on going risk tranfer between bulls & bears..
after giving back 2 months of gains in 2 weeks, its will be a welcome repreive for the bulls should euro consolidate between 1.3350/1.2950 near term before the next m/t leg down to 1.25..
gl..
River Falls_USA_ PB 13:48 GMT January 19, 2005
van Gecko 13:18///you think maybe more than dead cat when all U.S. news is flat to positive and the $ still getting whacked. tech on futures charts are disparate - where is your2-3 day resisance on E/$? tia gt
van Gecko 13:18 GMT January 19, 2005
market flow since the start of the year had been consistent & dollar positive with the dollar up nearly 400 basis points so far.. intraday pip noise ampitudes for this period in question are no different from any other market periods in the past.. dead cat bounces to daily & weekly channels are part of fx life and must be accepted in any m/t moves.. but then again, some of us will always get excited by any bounce.. fwiw..
gold coast martin 11:10 GMT January 19, 2005
STUBBS.....when cable breaches 18884 level,,,,,,it will see 18977.........but this market IS SO FULL of stops and start which will persist for the rest of the 1stQ...SO A MEDIUM TERM SCENARIO BEYOND 7 days on the cable is impossible to form with confidence,,,,,,,we are just as liable to see cable to 18588 levels in 2 days,,so that is the reason,,too much liquidity or lack of it,,,flows are not steady....very static producing swings in either direction,,,,,hope you positioned welll;;;;;g/t
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..
River Falls_USA_ PB 13:48.. its just a part of the on going risk tranfer between bulls & bears..
after giving back 2 months of gains in 2 weeks, its will be a welcome repreive for the bulls should euro consolidate between 1.3350/1.2950 near term before the next m/t leg down to 1.25..
gl..
River Falls_USA_ PB 13:48 GMT January 19, 2005
van Gecko 13:18///you think maybe more than dead cat when all U.S. news is flat to positive and the $ still getting whacked. tech on futures charts are disparate - where is your2-3 day resisance on E/$? tia gt
van Gecko 13:18 GMT January 19, 2005
market flow since the start of the year had been consistent & dollar positive with the dollar up nearly 400 basis points so far.. intraday pip noise ampitudes for this period in question are no different from any other market periods in the past.. dead cat bounces to daily & weekly channels are part of fx life and must be accepted in any m/t moves.. but then again, some of us will always get excited by any bounce.. fwiw..
gold coast martin 11:10 GMT January 19, 2005
STUBBS.....when cable breaches 18884 level,,,,,,it will see 18977.........but this market IS SO FULL of stops and start which will persist for the rest of the 1stQ...SO A MEDIUM TERM SCENARIO BEYOND 7 days on the cable is impossible to form with confidence,,,,,,,we are just as liable to see cable to 18588 levels in 2 days,,so that is the reason,,too much liquidity or lack of it,,,flows are not steady....very static producing swings in either direction,,,,,hope you positioned welll;;;;;g/t
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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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