Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, July 31, 2006
Makassar Alimin 14:06 GMT July 31, 2006
many thanks Gecko, may it well be the case
van Gecko 13:44 GMT July 31, 2006
Makassar Alimin 13:16.. Eur/Gbp weeklies below .6780 on this leg could resolve its L/T triangle & finally lead Euro & cousins down south to their M/T promisland..
Makassar Alimin 13:16 GMT July 31, 2006
watching eurgbp closely, contraction has been that it is a point of breaking sooner than later
Syd 12:04 GMT July 31, 2006
US Dollar Index: Implied positioning is very close to neutral after reaching extreme levels a little less than 3 months ago (and successfully indicating a turn towards dollar strength). The trend of implied positioning has been one of dollar buying since the lows back in early May. Until that trend is broken, be wary of being short dollars. fxcm
van Gecko 07:50 GMT July 31, 2006
Mla Evan 01:36.. the dollar had stablized above USDX 84.50 for 3 consecutive months with higher highs & lows.. the recent dip from 86.86 may have generated sufficient liquidity for another go at the 87+ levels again.. so buying the dollar anywhere from here to infront of 84.50 against your favorite pairs with adjusted risk to suit your trading profile may work for the near to medium term..
gl
Mla Evan 01:36 GMT July 31, 2006
van Gecko, your views on the Usd appreciated.
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..
many thanks Gecko, may it well be the case
van Gecko 13:44 GMT July 31, 2006
Makassar Alimin 13:16.. Eur/Gbp weeklies below .6780 on this leg could resolve its L/T triangle & finally lead Euro & cousins down south to their M/T promisland..
Makassar Alimin 13:16 GMT July 31, 2006
watching eurgbp closely, contraction has been that it is a point of breaking sooner than later
Syd 12:04 GMT July 31, 2006
US Dollar Index: Implied positioning is very close to neutral after reaching extreme levels a little less than 3 months ago (and successfully indicating a turn towards dollar strength). The trend of implied positioning has been one of dollar buying since the lows back in early May. Until that trend is broken, be wary of being short dollars. fxcm
van Gecko 07:50 GMT July 31, 2006
Mla Evan 01:36.. the dollar had stablized above USDX 84.50 for 3 consecutive months with higher highs & lows.. the recent dip from 86.86 may have generated sufficient liquidity for another go at the 87+ levels again.. so buying the dollar anywhere from here to infront of 84.50 against your favorite pairs with adjusted risk to suit your trading profile may work for the near to medium term..
gl
Mla Evan 01:36 GMT July 31, 2006
van Gecko, your views on the Usd appreciated.
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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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