Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, November 29, 2006
van Gecko 23:40 GMT November 29, 2006
vely good..
USA Zeus 19:04 GMT November 29, 2006
"The question for you shouldn't be what am I not getting but what am I not learning?
Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals. Learn to hide your need and show your skill.
If you share a good idea long enough, it will eventually fall on good people."
London Gonner 21:16 GMT November 29, 2006
GBP and EUR v USD may be topping. I shorted GBP when posted ealier was 1.9534 now took profit on that because am not conviced GBP upside complete yet. 1H/4H seem not to have completed upside yet. Both i sell zone which indicates posiible top is ver near.
Monthlies do not suggest breakout on GBPUSD. I never go against chanels build over 10 year period.
Recent daily/weekly wedge is in -e- wave showing over spill with 1.8315 are confirming potential stall for mutli months USD bull run.
EUR same story with potentiall stall at 1.3235 which it hasn't reached yet.
Mtl JP 16:51 GMT November 29, 2006
van Gecko 03:03 / trying dancing (called puke-a-pip) here with her majesty ahead of this afternoon's Fed's Beige Book (19:00GMT) event risk, maybe she ll get dizzy.
Lahore FM 15:42 GMT November 29, 2006
the USD might have reversed already.cable may not make any fresh attempts towards 1.9540/50.usdjpy also has shown resilience at 116.00.good data from Japan has not pushed it lower then hardly anything will.
van Gecko 03:03 GMT November 29, 2006
Mtl JP 01:44.. keep an eye on her majesty for clues.. imo m/t money rarely buck the odds by succumbing to fatal attraction of buying the GBP up here at Monthly, Quarterly, & Quarter Century resistances..
from here, conventional thinking top feeders may get another fig or two of over-shoots, but failure to sustain 1.94 with weeklies below would have very bearish long & mid-term implications..
and where her majesty goes, cousin Euro & others will follow like Pavlov's dogs for they all dance in a macro same direction vs the Dollar with lead lag steps..
GBP@1.9545
Mtl JP 01:44 GMT November 29, 2006
van Gecko, care to qua(nti)lify "not long" and "sinking" depth plz .. tia
van Gecko 01:40 GMT November 29, 2006
this is a classic blow-out top move..
shouldn't be long now before the market witness the sinking of the 1.36 & 2.00 boats..
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..
vely good..
USA Zeus 19:04 GMT November 29, 2006
"The question for you shouldn't be what am I not getting but what am I not learning?
Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals. Learn to hide your need and show your skill.
If you share a good idea long enough, it will eventually fall on good people."
London Gonner 21:16 GMT November 29, 2006
GBP and EUR v USD may be topping. I shorted GBP when posted ealier was 1.9534 now took profit on that because am not conviced GBP upside complete yet. 1H/4H seem not to have completed upside yet. Both i sell zone which indicates posiible top is ver near.
Monthlies do not suggest breakout on GBPUSD. I never go against chanels build over 10 year period.
Recent daily/weekly wedge is in -e- wave showing over spill with 1.8315 are confirming potential stall for mutli months USD bull run.
EUR same story with potentiall stall at 1.3235 which it hasn't reached yet.
Mtl JP 16:51 GMT November 29, 2006
van Gecko 03:03 / trying dancing (called puke-a-pip) here with her majesty ahead of this afternoon's Fed's Beige Book (19:00GMT) event risk, maybe she ll get dizzy.
Lahore FM 15:42 GMT November 29, 2006
the USD might have reversed already.cable may not make any fresh attempts towards 1.9540/50.usdjpy also has shown resilience at 116.00.good data from Japan has not pushed it lower then hardly anything will.
van Gecko 03:03 GMT November 29, 2006
Mtl JP 01:44.. keep an eye on her majesty for clues.. imo m/t money rarely buck the odds by succumbing to fatal attraction of buying the GBP up here at Monthly, Quarterly, & Quarter Century resistances..
from here, conventional thinking top feeders may get another fig or two of over-shoots, but failure to sustain 1.94 with weeklies below would have very bearish long & mid-term implications..
and where her majesty goes, cousin Euro & others will follow like Pavlov's dogs for they all dance in a macro same direction vs the Dollar with lead lag steps..
GBP@1.9545
Mtl JP 01:44 GMT November 29, 2006
van Gecko, care to qua(nti)lify "not long" and "sinking" depth plz .. tia
van Gecko 01:40 GMT November 29, 2006
this is a classic blow-out top move..
shouldn't be long now before the market witness the sinking of the 1.36 & 2.00 boats..
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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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