Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, July 27, 2006
van Gecko 12:39 GMT July 27, 2006
Manila Tom.. hope you're fine.. its nice to have opposing views as it keep things in prespective.. that being said, for me with the USD Index 400 basis points above a recent multi-year low, the risk of selling the Dollar mid-term out weight the potential reward.. so to keep it simple, above USDX 84 buy & hold the Dollar for mid to long term with trade & risk mangement tactics to suit individual styles.. load up above 87 with weekly confirmation.. & go snooze or play with caution between 84-80.. hope it helps..
gl..
Manila Tom 10:49 GMT July 27, 2006
van Gecko, do you still see gbp heading for 1.80 after we have blasted through 1.86, euro back to 1.27 and usdjpy 115? just curious on the level where you might agree that usd is in sell mode?
Haifa ac 09:08 GMT July 27, 2006
van Gecko //Yup. Going to be vicious.
van Gecko 09:04 GMT July 27, 2006
a very "enlighting scenario" unfolding for both dollar camps..
hong kong aussie 09:03 GMT July 27, 2006
why doesnt every1 see this US$ selling is serious
van Gecko 08:21 GMT July 27, 2006
Kaunas dar 07:53.. you could be right.. but imo decending traingles could also be interpret as ascending diamonds rising from historic lows..
the dollar had held 100 yen for the last dozen years after rising from the 80 ashes..
Kaunas dar 07:53 GMT July 27, 2006
van Gecko 07:47 It looks like UsdJpy on monthlies is in descending triangle. Next big move will be in the direction of break...
van Gecko 07:47 GMT July 27, 2006
c9X'er, et al cheering for eurella should look to the Crosses & Gold for enlightment..
while on the subject of "Fx enlightments" yen bulls wishing to inflict serious damges to the dollar should try working tops down.. from the weeklies & monthlies.. 115 if seen again, should enlighten both s/t bulls & m/t bears for the sake of maintaining Fx harmony..
hong kong aussie 07:08 GMT July 27, 2006
bit surprised no one concerned there's potential for some serious damage on usdyen .
Las Vegas Jon 05:07 GMT July 27, 2006
Crescendo crescendo goes the swing theme. What goes up/down does not always have to continue with same magnitude. Not saying it can't or won't but every time there is a nice little move traders get excited and expect more more more of the same- usually with disasterous results. So will trade where the market goes but volatility is increasing as expected- almost every week this Summer has progressed in similar fashion. With increased volatility now can get set to really crush it! GL GT
Over and out
hong kong nt 02:51 GMT July 27, 2006
Once euro has stabilised above 1.27Q, upside bias is with us..
hong kong aussie 02:07 GMT July 27, 2006
massive bids euro 1.2670/90 level . macro boys.
usdyen...small bids staggered dwn to 115.80. stop losses below here.
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..
Manila Tom.. hope you're fine.. its nice to have opposing views as it keep things in prespective.. that being said, for me with the USD Index 400 basis points above a recent multi-year low, the risk of selling the Dollar mid-term out weight the potential reward.. so to keep it simple, above USDX 84 buy & hold the Dollar for mid to long term with trade & risk mangement tactics to suit individual styles.. load up above 87 with weekly confirmation.. & go snooze or play with caution between 84-80.. hope it helps..
gl..
Manila Tom 10:49 GMT July 27, 2006
van Gecko, do you still see gbp heading for 1.80 after we have blasted through 1.86, euro back to 1.27 and usdjpy 115? just curious on the level where you might agree that usd is in sell mode?
Haifa ac 09:08 GMT July 27, 2006
van Gecko //Yup. Going to be vicious.
van Gecko 09:04 GMT July 27, 2006
a very "enlighting scenario" unfolding for both dollar camps..
hong kong aussie 09:03 GMT July 27, 2006
why doesnt every1 see this US$ selling is serious
van Gecko 08:21 GMT July 27, 2006
Kaunas dar 07:53.. you could be right.. but imo decending traingles could also be interpret as ascending diamonds rising from historic lows..
the dollar had held 100 yen for the last dozen years after rising from the 80 ashes..
Kaunas dar 07:53 GMT July 27, 2006
van Gecko 07:47 It looks like UsdJpy on monthlies is in descending triangle. Next big move will be in the direction of break...
van Gecko 07:47 GMT July 27, 2006
c9X'er, et al cheering for eurella should look to the Crosses & Gold for enlightment..
while on the subject of "Fx enlightments" yen bulls wishing to inflict serious damges to the dollar should try working tops down.. from the weeklies & monthlies.. 115 if seen again, should enlighten both s/t bulls & m/t bears for the sake of maintaining Fx harmony..
hong kong aussie 07:08 GMT July 27, 2006
bit surprised no one concerned there's potential for some serious damage on usdyen .
Las Vegas Jon 05:07 GMT July 27, 2006
Crescendo crescendo goes the swing theme. What goes up/down does not always have to continue with same magnitude. Not saying it can't or won't but every time there is a nice little move traders get excited and expect more more more of the same- usually with disasterous results. So will trade where the market goes but volatility is increasing as expected- almost every week this Summer has progressed in similar fashion. With increased volatility now can get set to really crush it! GL GT
Over and out
hong kong nt 02:51 GMT July 27, 2006
Once euro has stabilised above 1.27Q, upside bias is with us..
hong kong aussie 02:07 GMT July 27, 2006
massive bids euro 1.2670/90 level . macro boys.
usdyen...small bids staggered dwn to 115.80. stop losses below here.
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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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