Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, March 20, 2006
van Gecko 14:29 GMT March 20, 2006
re. 14:12 GMT.. seems like the guy has a pretty good track record in forecasting a sub 100 dollar/yen.. :)
"22:08 GMT December 9, 2004
David Bloom, a currency strategist in London at HSBC Holdings Plc. ``Everyone is quite sure about the trend -- the dollar is going down and come the new year everybody will be fresh and ready to sell dollars.''
Bloom expects the U.S. currency to fall to $1.40 per euro and 98 yen by the end of next
bloomberg"
Frankfurt Trader 14:12 GMT March 20, 2006
HSBC Analyst David Bloom on Carry Trade Carnage from players running for the exits at the same time
we are most bullish about is a carry trade bust up. We believe this year, players soaked into the Yen carry trade will be forced to run for the exits at the same time and some serious carnage will be done in dollar/yen and the Yen crosses. On March 8th, we published our math of how we get to a sub 100 dollar/yen:
(1)End of easy money policy+ (2)higher rates+(3)yuan moves+(4)carry trade collapse=sub 100 dollar/yen.
We now add an end to the Fed tightening cycle and possible rate cuts in the US by the end of the year
van Gecko 06:07 GMT March 20, 2006
Quacking 'QDN' right on que as usual..
March 20 (Bloomberg) -- Bloomberg survey shows..
Sixty-one percent of the 51 traders, strategists and investors surveyed on March 17 from Sydney to New York advised selling the dollar against the euro.
van Gecko 10:09 GMT March 16, 2006
GBP is not going anywhere soon within the framwork of the present inter-market dynamics.. her majesty is looking like a load of Sterling dung..
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..
re. 14:12 GMT.. seems like the guy has a pretty good track record in forecasting a sub 100 dollar/yen.. :)
"22:08 GMT December 9, 2004
David Bloom, a currency strategist in London at HSBC Holdings Plc. ``Everyone is quite sure about the trend -- the dollar is going down and come the new year everybody will be fresh and ready to sell dollars.''
Bloom expects the U.S. currency to fall to $1.40 per euro and 98 yen by the end of next
bloomberg"
Frankfurt Trader 14:12 GMT March 20, 2006
HSBC Analyst David Bloom on Carry Trade Carnage from players running for the exits at the same time
we are most bullish about is a carry trade bust up. We believe this year, players soaked into the Yen carry trade will be forced to run for the exits at the same time and some serious carnage will be done in dollar/yen and the Yen crosses. On March 8th, we published our math of how we get to a sub 100 dollar/yen:
(1)End of easy money policy+ (2)higher rates+(3)yuan moves+(4)carry trade collapse=sub 100 dollar/yen.
We now add an end to the Fed tightening cycle and possible rate cuts in the US by the end of the year
van Gecko 06:07 GMT March 20, 2006
Quacking 'QDN' right on que as usual..
March 20 (Bloomberg) -- Bloomberg survey shows..
Sixty-one percent of the 51 traders, strategists and investors surveyed on March 17 from Sydney to New York advised selling the dollar against the euro.
van Gecko 10:09 GMT March 16, 2006
GBP is not going anywhere soon within the framwork of the present inter-market dynamics.. her majesty is looking like a load of Sterling dung..
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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