Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, September 06, 2006
Syd 07:36 GMT September 6, 2006
USD/JPY's corrective down-leg proved short-lived and risk now is for another run toward the inter-month trendline top at 117.45, says Royal Bank of Scotland. At 116.23 the bank says support between 116.10 and 115.90 should contain any intra-day weakness with a break above the 116.45-85 resistance zone looked for
van Gecko 07:09 GMT September 6, 2006
Usd/Jpy reloading the "Sling" for another shot at the mid-term 127 Singapore Sling target.. may be the last reload prior to taking out 117.50 as bulls seems to be quite contend with successive higher weekly reloads since the 110 May trough.. micro time frame turns had propagated up to the 1/2 session charts.. good intraday support infront of 116, hourly & quarter session closes above 116.60 re-targets 117..
once again, market participants are filled with expectations as Q4 rolls around.. so will Euro break 1.30 this time around or disappoint the majority again & repeat the the "Great September Slide of '05" ?
a few snippets from last September's memory lane..
"16:23 GMT August 31, 2005
Who cleared Eur/$ for takeoff?
15:41 GMT September 8, 2005
I am turning very bearish in dollar for the last Q.
16:32 GMT September 8, 2005
Good luck..the 1,35++ is the tgt...
18:48 GMT August 31, 2005
contrary to popular views, commodities are painting a cloudy Q4 picture for m/t dollar bears.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones.."
Cheerios..
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..
USD/JPY's corrective down-leg proved short-lived and risk now is for another run toward the inter-month trendline top at 117.45, says Royal Bank of Scotland. At 116.23 the bank says support between 116.10 and 115.90 should contain any intra-day weakness with a break above the 116.45-85 resistance zone looked for
van Gecko 07:09 GMT September 6, 2006
Usd/Jpy reloading the "Sling" for another shot at the mid-term 127 Singapore Sling target.. may be the last reload prior to taking out 117.50 as bulls seems to be quite contend with successive higher weekly reloads since the 110 May trough.. micro time frame turns had propagated up to the 1/2 session charts.. good intraday support infront of 116, hourly & quarter session closes above 116.60 re-targets 117..
once again, market participants are filled with expectations as Q4 rolls around.. so will Euro break 1.30 this time around or disappoint the majority again & repeat the the "Great September Slide of '05" ?
a few snippets from last September's memory lane..
"16:23 GMT August 31, 2005
Who cleared Eur/$ for takeoff?
15:41 GMT September 8, 2005
I am turning very bearish in dollar for the last Q.
16:32 GMT September 8, 2005
Good luck..the 1,35++ is the tgt...
18:48 GMT August 31, 2005
contrary to popular views, commodities are painting a cloudy Q4 picture for m/t dollar bears.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones.."
Cheerios..
Comments:
Post a Comment
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..
Archives
- 12/2000
- 06/2001
- 12/2001
- 06/2002
- 09/2002
- 12/2002
- 01/2003
- 02/2003
- 03/2003
- 04/2003
- 05/2003
- 06/2003
- 07/2003
- 08/2003
- 09/2003
- 11/2003
- 12/2003
- 01/2004
- 02/2004
- 03/2004
- 04/2004
- 05/2004
- 06/2004
- 07/2004
- 08/2004
- 09/2004
- 10/2004
- 11/2004
- 12/2004
- 01/2005
- 02/2005
- 03/2005
- 04/2005
- 05/2005
- 06/2005
- 08/2005
- 09/2005
- 10/2005
- 11/2005
- 12/2005
- 01/2006
- 02/2006
- 03/2006
- 04/2006
- 05/2006
- 06/2006
- 07/2006
- 08/2006
- 09/2006
- 10/2006
- 11/2006
- 12/2006
- 01/2007
- 02/2007
- 03/2007
- 04/2007
- 05/2007
- 06/2007
- 07/2007
- 08/2007
- 10/2007
- 11/2007
- 12/2007
- 01/2008
- 02/2008
- 04/2008
- 05/2008
- 06/2008
- 07/2008
- 08/2008
- 09/2008
- 10/2008
- 12/2008
- 01/2009
- 02/2009
- 04/2009
- 05/2009
- 09/2009
- 10/2009
- 11/2009
- 12/2009
- 02/2010
- 04/2010
- 05/2010
- 07/2010
- 08/2010
- 09/2010
- 10/2010
- 12/2010
- 01/2011
- 03/2011
- 08/2011
- 09/2011
- 10/2011
- 11/2011
- 12/2011
- 01/2012
- 02/2012
- 04/2012
- 05/2012
- 06/2012
- 09/2012
- 10/2012
- 11/2012
- 04/2013
- 12/2013
