Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, August 02, 2006
sanfrancisco analyst 08:39 GMT August 2, 2006
van Gecko 07:22 GMT August 2, 2006 - Thank you very much Gecko, always nice to receive a compliment from you.
van Gecko 07:22 GMT August 2, 2006
Syd 06:27.. agree with Mr. Yamamoto.. with the Dollar teasing the bears just above the 84.50 magic line our noted forum c9X'er is getting excited again with gold & spitting out another "clear medium/long term" directional forecast for the Dollar.. :))
analyst 06:42.. good work.. eur/jpy & gbp/jpy are looking like Dollar's lead friends again..
sanfrancisco analyst 06:42 GMT August 2, 2006
EurJpy has fallen in line with projection noted below and bid/ask ratio cycle is now shifting upward. Existing probability 25% on longs from here, will increase to 50% as price trades above 146.80 and sticks, and 100% as (if) price trades above 147 and sticks. Expecting some shake and bake so orders are placed minimum 15 pips below rising market.
Syd 06:27 GMT August 2, 2006
FX players will be closely watching for clues on pace of future ECB rate hikes after ECB decision Thursday (where hike widely expected), but room for EUR/USD gains looks limited from here, says Nikko Citigroup currency strategist Masafumi Yamamoto. "There's no reason at the moment to increase the pace (of hikes)", amid signs of U.S., eurozone economic slowdown, he says; adds, fiscal tightening in Germany, Italy may contribute to slowing eurozone economy, in turn cooling pace of rate hikes, EUR gains. Says EUR/USD looking heavy, tips cap at 1.2870 this week. Nikko Citi
hong kong nt 16:30 GMT August 1, 2006
-- looking at USD/CHF monthly chart, price is trading below a falling 50 ma with a background of 17 times of consecutive rate hikes plus improving fundamentals, the medium/long term direction appears to be clear...
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 07:22 GMT August 2, 2006 - Thank you very much Gecko, always nice to receive a compliment from you.
van Gecko 07:22 GMT August 2, 2006
Syd 06:27.. agree with Mr. Yamamoto.. with the Dollar teasing the bears just above the 84.50 magic line our noted forum c9X'er is getting excited again with gold & spitting out another "clear medium/long term" directional forecast for the Dollar.. :))
analyst 06:42.. good work.. eur/jpy & gbp/jpy are looking like Dollar's lead friends again..
sanfrancisco analyst 06:42 GMT August 2, 2006
EurJpy has fallen in line with projection noted below and bid/ask ratio cycle is now shifting upward. Existing probability 25% on longs from here, will increase to 50% as price trades above 146.80 and sticks, and 100% as (if) price trades above 147 and sticks. Expecting some shake and bake so orders are placed minimum 15 pips below rising market.
Syd 06:27 GMT August 2, 2006
FX players will be closely watching for clues on pace of future ECB rate hikes after ECB decision Thursday (where hike widely expected), but room for EUR/USD gains looks limited from here, says Nikko Citigroup currency strategist Masafumi Yamamoto. "There's no reason at the moment to increase the pace (of hikes)", amid signs of U.S., eurozone economic slowdown, he says; adds, fiscal tightening in Germany, Italy may contribute to slowing eurozone economy, in turn cooling pace of rate hikes, EUR gains. Says EUR/USD looking heavy, tips cap at 1.2870 this week. Nikko Citi
hong kong nt 16:30 GMT August 1, 2006
-- looking at USD/CHF monthly chart, price is trading below a falling 50 ma with a background of 17 times of consecutive rate hikes plus improving fundamentals, the medium/long term direction appears to be clear...
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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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