Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, April 12, 2006
van Gecko 12:30 GMT April 12, 2006
Eur/Gbp exhibiting classic false upside triangle break symptoms.. similiar false move to the downside in 2002 caught many Euro bears flat footed & kick started the climb up to 1.36..
Cheerios..
syd 23:55 GMT April 11, 2006
USD/SWISS FRANC – Complex Consolidation Almost Complete
by Max McKegg APRIL 11th - USD/SWISS Franc will probably now correct back toward the 1.2950 - 1.2900 area to present a Buying opportunity, for an advance beyond Key 1.3235 Resistance to herald a trend advance toward the 1.4000 level over coming weeks (refer Daily Chart below). As usual, my Daily FX Service will be seeking to capitalise upon the many worthwhile Daily Trading opportunities which lie ahead.
"van Gecko 10:08 GMT March 24, 2006
Usd/Chf.. lotsa 'BS' going on recently as long marching $/Swissy National Soldiers (Buy & Snoozers) setting sights for the 1.38/1.42 Alps in Q2..
vely good odds for the little Dollar to level-shift up to the next 1000 pip Quarterly zone here with back to back Quarterly tests of the 1.33 line.."
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..
Eur/Gbp exhibiting classic false upside triangle break symptoms.. similiar false move to the downside in 2002 caught many Euro bears flat footed & kick started the climb up to 1.36..
Cheerios..
syd 23:55 GMT April 11, 2006
USD/SWISS FRANC – Complex Consolidation Almost Complete
by Max McKegg APRIL 11th - USD/SWISS Franc will probably now correct back toward the 1.2950 - 1.2900 area to present a Buying opportunity, for an advance beyond Key 1.3235 Resistance to herald a trend advance toward the 1.4000 level over coming weeks (refer Daily Chart below). As usual, my Daily FX Service will be seeking to capitalise upon the many worthwhile Daily Trading opportunities which lie ahead.
"van Gecko 10:08 GMT March 24, 2006
Usd/Chf.. lotsa 'BS' going on recently as long marching $/Swissy National Soldiers (Buy & Snoozers) setting sights for the 1.38/1.42 Alps in Q2..
vely good odds for the little Dollar to level-shift up to the next 1000 pip Quarterly zone here with back to back Quarterly tests of the 1.33 line.."
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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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