Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, November 10, 2006
van Gecko 11:33 GMT November 10, 2006
imo Euro & cousin GBP still have no legs to break their yearly tops.. with the dollar holding its m/t grounds since May, the traverses within their year long ranges had been mostly cross driven.. deceptive parasitic dependences don't have the depth & legs for major moves.. over-shoots may be, but no sustained breaks..
the Dollar is doing fine vs all other majors..
shanghai bc 04:05 GMT November 10, 2006
Sydney 03:31 GMT November 10, 2006
Main diverisfication will be in buying free-hold or long-lease farms,mines,oil fields and strategic companies outside China..Not interested in storing cash in Euro or otherwise except buying some gold..Not sure how much those purchases will affect forex market though..As the things are going that will be some 1.5 trillion Dollar purchase by 2010 assuming China keeps only 500 billion Dollar cash by then..
Sydney 03:31 GMT November 10, 2006
Interesting Zeus whipcrush market move + heated exchanges, van Gecko 3 hong kong forum idiot 0.
shanghai bc 01:59 GMT November 10, 2006
Is China doing public stunt on the reserve diversification front? GT
shanghai bc 01:59 GMT November 10, 2006
MOF of Japan is just doing public stunt on Eur/Jpy front..Checking how much money is in Eur/Jpy trade is an impossible task..Total nonsense designed only to humour complaining ECB folks..The truth is they could not care less what level that one is at ,as long as Usd/Jpy is capped in 110-120..Fwiw..
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..
imo Euro & cousin GBP still have no legs to break their yearly tops.. with the dollar holding its m/t grounds since May, the traverses within their year long ranges had been mostly cross driven.. deceptive parasitic dependences don't have the depth & legs for major moves.. over-shoots may be, but no sustained breaks..
the Dollar is doing fine vs all other majors..
shanghai bc 04:05 GMT November 10, 2006
Sydney 03:31 GMT November 10, 2006
Main diverisfication will be in buying free-hold or long-lease farms,mines,oil fields and strategic companies outside China..Not interested in storing cash in Euro or otherwise except buying some gold..Not sure how much those purchases will affect forex market though..As the things are going that will be some 1.5 trillion Dollar purchase by 2010 assuming China keeps only 500 billion Dollar cash by then..
Sydney 03:31 GMT November 10, 2006
Interesting Zeus whipcrush market move + heated exchanges, van Gecko 3 hong kong forum idiot 0.
shanghai bc 01:59 GMT November 10, 2006
Is China doing public stunt on the reserve diversification front? GT
shanghai bc 01:59 GMT November 10, 2006
MOF of Japan is just doing public stunt on Eur/Jpy front..Checking how much money is in Eur/Jpy trade is an impossible task..Total nonsense designed only to humour complaining ECB folks..The truth is they could not care less what level that one is at ,as long as Usd/Jpy is capped in 110-120..Fwiw..
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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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