Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, September 29, 2006
van Gecko 15:31 GMT September 29, 2006
jkt-aye.. GBP 1.86 Euroo 1.26 & Usd/Chf 1.26 are still the round figure near term intermediate attractors for the market in my book.. good SOB reload opportunities here..
van Gecko 13:57 GMT September 29, 2006
the Dollar now above 86.. highest monthly close in 6 months..
looks like October setting up to be a good month for Dollar SOSB'ers (Sell$_On_Substantial_Blips)..
van Gecko 09:16 GMT September 29, 2006
Perrie.. nice to see you back singing again..
why would you want to get off the Cable train here? the eccentric old fella could print the figure to end the month in a merry mode.. :)
gbp @ 1.8690
Como Perrie 09:09 GMT September 29, 2006
Next down swing if completed getting rid of more cable shorts.
van Gecko 07:28 GMT September 29, 2006
Oil man 06:23.. :)
expect the Dollar to come alive in October & the rest of Q4 as Gold is destined to close at 6 month low & Usd/Jpy closing above 5 month high..
Usd/Jpy Singapore Sling Update
looks like the euroo is not wasting any time trying to catch up to her majesty on their "Merry Go South" mid-term journey..
FwIwW..
usd/jpy @ 118.08 euroo @1.2668 gbp @ 1.8688
Cannes Oil man 06:30 GMT September 29, 2006
Well $Y is at 118..What last week at 116.00 people were calling arrogance when i said it's a great long , is now a reality..$Y is breaking top side 118.27.
Cannes Oil man 06:23 GMT September 29, 2006
Ab, not sure why u re looking for upside in gold..
Gold has been driven to 700 by specs from 400, same applies to oil prices over 43.
So now everytime it jumps up a bit, you will find massive unloading by said specs who used max leverage and are getting killed , while prices are being driven down inexorably, dinging margin calls , trying to save part of their capital...Most won't even survive, what they saw as a never ending move to the upside and because of said leverage their margin is flying into the skies.
hk ab 05:44 GMT September 29, 2006
fwiw, gold listens to me better but someone sitting above 603.5.
gold 600 kicked in, now long at 575, 585, 600.
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..
jkt-aye.. GBP 1.86 Euroo 1.26 & Usd/Chf 1.26 are still the round figure near term intermediate attractors for the market in my book.. good SOB reload opportunities here..
van Gecko 13:57 GMT September 29, 2006
the Dollar now above 86.. highest monthly close in 6 months..
looks like October setting up to be a good month for Dollar SOSB'ers (Sell$_On_Substantial_Blips)..
van Gecko 09:16 GMT September 29, 2006
Perrie.. nice to see you back singing again..
why would you want to get off the Cable train here? the eccentric old fella could print the figure to end the month in a merry mode.. :)
gbp @ 1.8690
Como Perrie 09:09 GMT September 29, 2006
Next down swing if completed getting rid of more cable shorts.
van Gecko 07:28 GMT September 29, 2006
Oil man 06:23.. :)
expect the Dollar to come alive in October & the rest of Q4 as Gold is destined to close at 6 month low & Usd/Jpy closing above 5 month high..
Usd/Jpy Singapore Sling Update
looks like the euroo is not wasting any time trying to catch up to her majesty on their "Merry Go South" mid-term journey..
FwIwW..
usd/jpy @ 118.08 euroo @1.2668 gbp @ 1.8688
Cannes Oil man 06:30 GMT September 29, 2006
Well $Y is at 118..What last week at 116.00 people were calling arrogance when i said it's a great long , is now a reality..$Y is breaking top side 118.27.
Cannes Oil man 06:23 GMT September 29, 2006
Ab, not sure why u re looking for upside in gold..
Gold has been driven to 700 by specs from 400, same applies to oil prices over 43.
So now everytime it jumps up a bit, you will find massive unloading by said specs who used max leverage and are getting killed , while prices are being driven down inexorably, dinging margin calls , trying to save part of their capital...Most won't even survive, what they saw as a never ending move to the upside and because of said leverage their margin is flying into the skies.
hk ab 05:44 GMT September 29, 2006
fwiw, gold listens to me better but someone sitting above 603.5.
gold 600 kicked in, now long at 575, 585, 600.
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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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