Gaining an Edge over the Forex game of Mind, Money, & Wealth

Tuesday, April 25, 2006
Haifa ac 09:09 GMT April 25, 2006
van Gecko 07:49 GMT April 25//Yup. THis is the famous Edison/Westinghouse conflict (AC-DC choice) . You believe in linear repetition and I believe in alternations. Edison lost.
I hope I win.
van Gecko 08:28 GMT April 25, 2006
hong kong nt 07:57.. surviving in this biz entails exercising prudent caution after a 500 pip move aside from 'enjoy' or cheering with the crowd.. if one must cheer, try doing it before the move, not after when 'foot_in_the_mouth_tist' diseases are running rampant.. but then again, fx needs conventional trading mind-sets to feed the food chain..
hong kong nt 07:57 GMT April 25, 2006
van Gecko
Why not enjoy the dive from 119 to 113 first? Your wallet must be too thick and do not bother to collect more...
Syd 07:56 GMT April 25, 2006
Andy Xie FX Trading
There is a palpable difference between those who have cut their teeth in leveraged markets, and those that pretend, the real players have a visceral understanding of risk. They know the definition of fleeting.
fleeting 1. To move or pass swiftly 2. To fade out; vanish as in fleeting fortune?
The commodities crowd is riding high. Stories abound and rationales continue to flourish about Chinese demand and world crisis; metals and crude prices 'must' be headed higher.
Forgive us, but we can't help thinking 'dot.coms' when we hear that stuff. Granted, there is a difference. Dot.coms were only paper commodities are real. But the problem comes when paper becomes the underlying driver, not real demand.
Speculation is about money. People motivated by greedy expectations use money to move prices. In this game, the trend is your friend until it’s not. But because no one knows when or where the trend ends, there is a motivation to stay in the game despite the apparent and growing risk. As it is a game of money and/or credit, logically one has to think as long as credit remains abundant the trend lives.
Back to Mr. Xie: “The key to the success of self-fulfilling prophesies is herd mentality…Without the proliferation of hedge funds and proprietary trading on Wall Street, self-fulfilling prophecies would be few. In today’s world, potential self-fulfilling prophecies tend to happen, as long as they are good for the profit of the institutions behind such trades.”
van Gecko 07:49 GMT April 25, 2006
Haifa ac 07:29.. take a look at your monthly from jan'00 to jan'02 & jan'05 to now.. seems to recall the bears were also cheering for 100 yen back in aug/sept'01 too.. as you now know, what happen after is history..
Haifa ac 07:29 GMT April 25, 2006
van Gecko 07:09 GMT //I do not see much correlation between the Yen and the DOLLAR here.
If we close the month in this area (114.5 or so)--the odds are high that May will see further strength of the yen.
On the monthly chart below 113.41 there is a real vaccuum. We will also leave behind us 5 months of congestion...this may "bear" quiet a significance.
van Gecko 07:09 GMT April 25, 2006
Sydney 06:30..
with mid-term dollar elephants sighted at 114 yen, 1.26 chf, 1.24 euro, & gold heading for sub 600, the near term scenario could see the dollar holding 114~116 yen while the euro continue its slide to find support down near 140 yen & the dollar printing 1.22~1.21 euro in quick order..
Haifa ac 06:41.. imo the 114.50~113.50 band presents excellent m/t dollar value & money making opportunities for long marchers.. a sustained break below the 113.50's could see your 110's..
good CHeetos for you!
Haifa ac 06:41 GMT April 25, 2006
van Gecko
Haifa ac.. good pipes with Dlr/Yen! Cheerios.. //
I can't make money with cheerios, Not even with CHeetos.
I need S/R levels I told you that the 30 year and the 8 year downtrendlines are still dominating the large scene. You are talking 122 and 135 and I am talking 110 and 100.
So for me the 113.41 is make or break for 110 . The week has only started so it is premature to make grand statements. I am asking you what is your crucial levels. TIA
Sydney 06:30 GMT April 25, 2006
van Gecko 04:28 GMT April 25, 2006
Can you please explain?
van Gecko 04:28 GMT April 25, 2006
Japan & crosses were the main show over the last few sessions while the Europeans were the sidekick beneficiaries.. now that the dollar had given up 3 yen the scenario could get very interesting with elephant butts showing up all over the place..
Haifa ac.. good pipes with Dlr/Yen! Cheerios..
London Crystal Ball 19:15 GMT April 24, 2006
UsdChf was defended at 1.2666 and 1.2650
ECB already lost some sizeable tens of billions of reserves and with all their efforts, some hours ago if you remember that 1.2398 bouncing, they still added on their losses. Historically most of the times they did not succed in fighting with markets.
Syd 08:19 GMT April 24, 2006
Hosokawa: Will Always Act Properly Vs Excessive FX Moves
hk ab 07:19 GMT April 24, 2006
Gecko//any special for today?
Syd 07:11 GMT April 24, 2006
van Gecko 07:07 GMT you bring a smile . (:-))
van Gecko 07:07 GMT April 24, 2006
Syd.. looks like they are up against elephant's butt..:))
Syd 07:02 GMT April 24, 2006
Barclays Bank.. Short-term speculators, probably overseas model funds, pushing EUR/USD up
hk ab 09:24 GMT April 23, 2006
nt//fwiw, those c9's sell at 1.2360 and 1.2380 sponsored me quite a lot over the past few days. And seems your bull friends have betrayed you somehow though after I glimpse through the hrly and daily chart. GL.
van Gecko 07:49 GMT April 25//Yup. THis is the famous Edison/Westinghouse conflict (AC-DC choice) . You believe in linear repetition and I believe in alternations. Edison lost.
I hope I win.
van Gecko 08:28 GMT April 25, 2006
hong kong nt 07:57.. surviving in this biz entails exercising prudent caution after a 500 pip move aside from 'enjoy' or cheering with the crowd.. if one must cheer, try doing it before the move, not after when 'foot_in_the_mouth_tist' diseases are running rampant.. but then again, fx needs conventional trading mind-sets to feed the food chain..
hong kong nt 07:57 GMT April 25, 2006
van Gecko
Why not enjoy the dive from 119 to 113 first? Your wallet must be too thick and do not bother to collect more...
Syd 07:56 GMT April 25, 2006
Andy Xie FX Trading
There is a palpable difference between those who have cut their teeth in leveraged markets, and those that pretend, the real players have a visceral understanding of risk. They know the definition of fleeting.
fleeting 1. To move or pass swiftly 2. To fade out; vanish as in fleeting fortune?
The commodities crowd is riding high. Stories abound and rationales continue to flourish about Chinese demand and world crisis; metals and crude prices 'must' be headed higher.
Forgive us, but we can't help thinking 'dot.coms' when we hear that stuff. Granted, there is a difference. Dot.coms were only paper commodities are real. But the problem comes when paper becomes the underlying driver, not real demand.
Speculation is about money. People motivated by greedy expectations use money to move prices. In this game, the trend is your friend until it’s not. But because no one knows when or where the trend ends, there is a motivation to stay in the game despite the apparent and growing risk. As it is a game of money and/or credit, logically one has to think as long as credit remains abundant the trend lives.
Back to Mr. Xie: “The key to the success of self-fulfilling prophesies is herd mentality…Without the proliferation of hedge funds and proprietary trading on Wall Street, self-fulfilling prophecies would be few. In today’s world, potential self-fulfilling prophecies tend to happen, as long as they are good for the profit of the institutions behind such trades.”
van Gecko 07:49 GMT April 25, 2006
Haifa ac 07:29.. take a look at your monthly from jan'00 to jan'02 & jan'05 to now.. seems to recall the bears were also cheering for 100 yen back in aug/sept'01 too.. as you now know, what happen after is history..
Haifa ac 07:29 GMT April 25, 2006
van Gecko 07:09 GMT //I do not see much correlation between the Yen and the DOLLAR here.
If we close the month in this area (114.5 or so)--the odds are high that May will see further strength of the yen.
On the monthly chart below 113.41 there is a real vaccuum. We will also leave behind us 5 months of congestion...this may "bear" quiet a significance.
van Gecko 07:09 GMT April 25, 2006
Sydney 06:30..
with mid-term dollar elephants sighted at 114 yen, 1.26 chf, 1.24 euro, & gold heading for sub 600, the near term scenario could see the dollar holding 114~116 yen while the euro continue its slide to find support down near 140 yen & the dollar printing 1.22~1.21 euro in quick order..
Haifa ac 06:41.. imo the 114.50~113.50 band presents excellent m/t dollar value & money making opportunities for long marchers.. a sustained break below the 113.50's could see your 110's..
good CHeetos for you!
Haifa ac 06:41 GMT April 25, 2006
van Gecko
Haifa ac.. good pipes with Dlr/Yen! Cheerios.. //
I can't make money with cheerios, Not even with CHeetos.
I need S/R levels I told you that the 30 year and the 8 year downtrendlines are still dominating the large scene. You are talking 122 and 135 and I am talking 110 and 100.
So for me the 113.41 is make or break for 110 . The week has only started so it is premature to make grand statements. I am asking you what is your crucial levels. TIA
Sydney 06:30 GMT April 25, 2006
van Gecko 04:28 GMT April 25, 2006
Can you please explain?
van Gecko 04:28 GMT April 25, 2006
Japan & crosses were the main show over the last few sessions while the Europeans were the sidekick beneficiaries.. now that the dollar had given up 3 yen the scenario could get very interesting with elephant butts showing up all over the place..
Haifa ac.. good pipes with Dlr/Yen! Cheerios..
London Crystal Ball 19:15 GMT April 24, 2006
UsdChf was defended at 1.2666 and 1.2650
ECB already lost some sizeable tens of billions of reserves and with all their efforts, some hours ago if you remember that 1.2398 bouncing, they still added on their losses. Historically most of the times they did not succed in fighting with markets.
Syd 08:19 GMT April 24, 2006
Hosokawa: Will Always Act Properly Vs Excessive FX Moves
hk ab 07:19 GMT April 24, 2006
Gecko//any special for today?
Syd 07:11 GMT April 24, 2006
van Gecko 07:07 GMT you bring a smile . (:-))
van Gecko 07:07 GMT April 24, 2006
Syd.. looks like they are up against elephant's butt..:))
Syd 07:02 GMT April 24, 2006
Barclays Bank.. Short-term speculators, probably overseas model funds, pushing EUR/USD up
hk ab 09:24 GMT April 23, 2006
nt//fwiw, those c9's sell at 1.2360 and 1.2380 sponsored me quite a lot over the past few days. And seems your bull friends have betrayed you somehow though after I glimpse through the hrly and daily chart. GL.
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