Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, October 25, 2006
Lahore FM 15:20 GMT October 25, 2006
London Iain 15:15 GMT October 25, 2006
don't disagree one bit friend inclusive of 135 and rest of it but right now think the 'late to the party' scenario may work a bit differently.i feel a bone crushing once more below 119 and then when most are still scampering we rush higher.118.90 pivotal for me on this FOMC day.best of trades!
London Iain 15:15 GMT October 25, 2006
my take on jpy. weekly triangle on usdjpy has broken, then pip perfect retest of the line was seen before another sharp move higher...i would be a buyer of dips..anything much below 119 looks like good value for a huge move up in the weeks ahead (i wouldn't be surpised to see 135 in the months ahead at a minimum)..
i think everyone will be late to the party and that this will fuel the fire..i also see the jpy pairs as being very bullish long term.
effectively i see jpy as being the first ccy to be hammered by the usd with all of the rest catching up in the weeks ahead..
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..
London Iain 15:15 GMT October 25, 2006
don't disagree one bit friend inclusive of 135 and rest of it but right now think the 'late to the party' scenario may work a bit differently.i feel a bone crushing once more below 119 and then when most are still scampering we rush higher.118.90 pivotal for me on this FOMC day.best of trades!
London Iain 15:15 GMT October 25, 2006
my take on jpy. weekly triangle on usdjpy has broken, then pip perfect retest of the line was seen before another sharp move higher...i would be a buyer of dips..anything much below 119 looks like good value for a huge move up in the weeks ahead (i wouldn't be surpised to see 135 in the months ahead at a minimum)..
i think everyone will be late to the party and that this will fuel the fire..i also see the jpy pairs as being very bullish long term.
effectively i see jpy as being the first ccy to be hammered by the usd with all of the rest catching up in the weeks ahead..
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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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