Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, July 10, 2006
van Gecko 14:02 GMT July 10, 2006
another monthly diamond break down in the works for her majesty gbp & cousins.. very negative for mid-term bulls.. fwiww
Syd 11:35 GMT July 10, 2006
Barclays Capital says a sustained break below EUR/USD 1.2760 negates the underlying bullish outlook for a run on 1.2870, while ABN Amro says below 1.2710 breaks the row of higher lows, also seen very negative for the bulls
Toronto MRC 10:54 GMT July 10, 2006
Why so weak on the euro and cable vs the buck?
van Gecko 10:53 GMT July 10, 2006
viies 09:26.. sorry to hear that.. hope you'll do better this year.. while last week's NFP induced blip caps a close below 1.27 could induce more bulls to dump their longs all the way down to 1.25 again.. hope it helps..
Tallinn viies 09:26 GMT July 10, 2006
van Gecko 08:48 GMT July 10 - last year I was wrong 3 first quarters and it was very devastating to my account and moral.
Helsinki iw 09:11 GMT July 10, 2006
Gecko, I hope you are right there.
van Gecko 08:48 GMT July 10, 2006
btw iw.. with the dollar vs the yen & euro at support while the euro is still looking for the 1.42 yen zones you could see euro down at your 1.25/26 targets sooner then later..:)
van Gecko 08:27 GMT July 10, 2006
thanks iw.. I see the dollar putting on a show for the bears by doing a 3 yen liquidity "breakdown" to m/t support prior to another go at the 1.20's after recovering almost 2/3 of the recent correction..
usd/jpy @113.50
Helsinki iw 08:07 GMT July 10, 2006
Cheerios Gecko. Down the aqua-park slide to 108.70/80 during the next few weeks. It might find that less than thrilling and go for the Olympic pool afterwards, looking at 101.10/30 rock bottom. All disclaimers in place, naturally.
van Gecko 07:58 GMT July 10, 2006
iw.. dollaryen breaking down to where?
Helsinki iw 07:48 GMT July 10, 2006
Syd, 5,50 maybe, but not more than that. Which puts the dollar on a weak footing going forward. Dollar/yen already breaking down.
Syd 07:43 GMT July 10, 2006
van Gecko the fly in the ointment may be US rates at 5.75 -6 shortly
van Gecko 07:39 GMT July 10, 2006
Syd 07:29.. Specs are singing "together we are strong.." very comforting news for all those on the happy dollar bear wagon..
Syd 07:29 GMT July 10, 2006
MARKET TALK: Sharp Rise In IMM Spec Short USD Positions
Latest IMM data show a sharp rise in speculative short USD positions to a four week high of $14B, notes ABN Amro.
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..
another monthly diamond break down in the works for her majesty gbp & cousins.. very negative for mid-term bulls.. fwiww
Syd 11:35 GMT July 10, 2006
Barclays Capital says a sustained break below EUR/USD 1.2760 negates the underlying bullish outlook for a run on 1.2870, while ABN Amro says below 1.2710 breaks the row of higher lows, also seen very negative for the bulls
Toronto MRC 10:54 GMT July 10, 2006
Why so weak on the euro and cable vs the buck?
van Gecko 10:53 GMT July 10, 2006
viies 09:26.. sorry to hear that.. hope you'll do better this year.. while last week's NFP induced blip caps a close below 1.27 could induce more bulls to dump their longs all the way down to 1.25 again.. hope it helps..
Tallinn viies 09:26 GMT July 10, 2006
van Gecko 08:48 GMT July 10 - last year I was wrong 3 first quarters and it was very devastating to my account and moral.
Helsinki iw 09:11 GMT July 10, 2006
Gecko, I hope you are right there.
van Gecko 08:48 GMT July 10, 2006
btw iw.. with the dollar vs the yen & euro at support while the euro is still looking for the 1.42 yen zones you could see euro down at your 1.25/26 targets sooner then later..:)
van Gecko 08:27 GMT July 10, 2006
thanks iw.. I see the dollar putting on a show for the bears by doing a 3 yen liquidity "breakdown" to m/t support prior to another go at the 1.20's after recovering almost 2/3 of the recent correction..
usd/jpy @113.50
Helsinki iw 08:07 GMT July 10, 2006
Cheerios Gecko. Down the aqua-park slide to 108.70/80 during the next few weeks. It might find that less than thrilling and go for the Olympic pool afterwards, looking at 101.10/30 rock bottom. All disclaimers in place, naturally.
van Gecko 07:58 GMT July 10, 2006
iw.. dollaryen breaking down to where?
Helsinki iw 07:48 GMT July 10, 2006
Syd, 5,50 maybe, but not more than that. Which puts the dollar on a weak footing going forward. Dollar/yen already breaking down.
Syd 07:43 GMT July 10, 2006
van Gecko the fly in the ointment may be US rates at 5.75 -6 shortly
van Gecko 07:39 GMT July 10, 2006
Syd 07:29.. Specs are singing "together we are strong.." very comforting news for all those on the happy dollar bear wagon..
Syd 07:29 GMT July 10, 2006
MARKET TALK: Sharp Rise In IMM Spec Short USD Positions
Latest IMM data show a sharp rise in speculative short USD positions to a four week high of $14B, notes ABN Amro.
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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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