Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, July 12, 2006
Sydney gvm 11:21 GMT July 12, 2006
van Gecko thx mate
van Gecko 08:38 GMT July 12, 2006
Sydney gvm.. hourly close above 114.78 could see a Usd/Jpy daily range expansion up to 115.50 following through on yesterday's Buy Fractal confirmation..
Sydney gvm 08:10 GMT July 12, 2006
anyone see yen thru 115 today? TIA
van Gecko 07:37 GMT July 12, 2006
re. 06:50 GMT..
that gentlemen has a great sense on mid & long term directional timing for the Dollar..
back in the winter of '01 & spring of '02, when the euro was down at .87/86 vs the Dollar, he was relentlessly calling for a higher Dollar.. I remember asking him to change his handle to "PARity" should euro prints 1 vs the Dollar.. :))
may be he now wish to go down in GV history as "PAR3" should euro print 3 vs the Dollar with his help?
USA Zeus 07:06 GMT July 12, 2006
Listening to PAR is "harakiri"!!!
PAR 06:50 GMT July 12, 2006
Higher commodities are indicating lower dollar. Commodities now are like the Nasdaq in 2000 and lower dollar and lower interest rates are only fuelling the bubble which will explode in gigantic stagflation. We are back in a pre Volcker environment with the only difference that inflation is calculated differently as not to show reality. A kind of virtual low inflation.
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..
van Gecko thx mate
van Gecko 08:38 GMT July 12, 2006
Sydney gvm.. hourly close above 114.78 could see a Usd/Jpy daily range expansion up to 115.50 following through on yesterday's Buy Fractal confirmation..
Sydney gvm 08:10 GMT July 12, 2006
anyone see yen thru 115 today? TIA
van Gecko 07:37 GMT July 12, 2006
re. 06:50 GMT..
that gentlemen has a great sense on mid & long term directional timing for the Dollar..
back in the winter of '01 & spring of '02, when the euro was down at .87/86 vs the Dollar, he was relentlessly calling for a higher Dollar.. I remember asking him to change his handle to "PARity" should euro prints 1 vs the Dollar.. :))
may be he now wish to go down in GV history as "PAR3" should euro print 3 vs the Dollar with his help?
USA Zeus 07:06 GMT July 12, 2006
Listening to PAR is "harakiri"!!!
PAR 06:50 GMT July 12, 2006
Higher commodities are indicating lower dollar. Commodities now are like the Nasdaq in 2000 and lower dollar and lower interest rates are only fuelling the bubble which will explode in gigantic stagflation. We are back in a pre Volcker environment with the only difference that inflation is calculated differently as not to show reality. A kind of virtual low inflation.
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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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