Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, November 02, 2006
Tallinn viies 22:37 GMT November 2, 2006
DOLLAR: FX strategists at Morgan Stanley have reestablished a short
euro position and a short Aussie position vs the dollar around current
levels. They have a downside target of $1.2400 and $0.7400 respectively,
with stops at $1.2915 and $0.7810. "Our sense is that investors
overreacted to soft Q3 US GDP and priced in too much of a risk for Fed
easing," the strategists say. Morgan Stanley looks for the Fed to keep
rates steady in December, but to maintain a hawkish bias. "As a result,
we like dollar longs ahead of that decision and key US data like
payrolls," the strategists say.
Tallinn viies 19:39 GMT November 2, 2006
good numbers tommorow from US may help usd but they should be very good to get euro falling.
so far markets have been keeping themselves back with dollar selling due to the good NFP expectations.
if they come as expected dollar may fall apart (uuh), I mean 1,2920-30 level...
Madrid mm 19:40 GMT November 2, 2006
Hedge Funds Are Tempted to Let Loose Dogs of Risk: Mark Gilbert By Mark GilbertNov. 2 (Bloomberg) -- You promised investors 15 percent, 20 percent, 25 percent returns. You took their money, subtracted your 2 percent fee, cranked up the spreadsheet and rolled your balls on the global roulette wheels.Click here
jkt-aye 14:27 GMT November 2, 2006
Good Morning Gecko ... for me it sound like what Dirty Harry always say "make my day" lol, gt.
van Gecko 14:19 GMT November 2, 2006
Top feeders are trying vely hard to sustain the Conti cousins momentum or risk daily Reverse Somersault Fractals..
euro @ 1.2766 GBP @ 1.9086
van Gecko 07:08 GMT November 2, 2006
Shanghai 05:54.. good Eur/Gbp read.. some more work on patiences & conviction & your destiny may not be beyond control after all.. ;) Once the Eur/Gbp downside acceleration kicks in with the next leg of dollar strength, her majesty may regain her lead Olympic diving forms by default..gl
Shanghai beyond_destiny 05:54 GMT November 2, 2006
market is anticipating for the ECB decision and accompanied statement. Euro may drop sharply if rate on hold and no further indication of 'certain' rate hike in next meeting.
Short euro 1.2785/1.2805 t/p 1.254
Cable is well support by psy# 1.9 and short eurgbp around .67 to t/p large downsid(long holding) after break of 1.5/.6667 ...could be the best carry of 2007
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..
DOLLAR: FX strategists at Morgan Stanley have reestablished a short
euro position and a short Aussie position vs the dollar around current
levels. They have a downside target of $1.2400 and $0.7400 respectively,
with stops at $1.2915 and $0.7810. "Our sense is that investors
overreacted to soft Q3 US GDP and priced in too much of a risk for Fed
easing," the strategists say. Morgan Stanley looks for the Fed to keep
rates steady in December, but to maintain a hawkish bias. "As a result,
we like dollar longs ahead of that decision and key US data like
payrolls," the strategists say.
Tallinn viies 19:39 GMT November 2, 2006
good numbers tommorow from US may help usd but they should be very good to get euro falling.
so far markets have been keeping themselves back with dollar selling due to the good NFP expectations.
if they come as expected dollar may fall apart (uuh), I mean 1,2920-30 level...
Madrid mm 19:40 GMT November 2, 2006
Hedge Funds Are Tempted to Let Loose Dogs of Risk: Mark Gilbert By Mark GilbertNov. 2 (Bloomberg) -- You promised investors 15 percent, 20 percent, 25 percent returns. You took their money, subtracted your 2 percent fee, cranked up the spreadsheet and rolled your balls on the global roulette wheels.Click here
jkt-aye 14:27 GMT November 2, 2006
Good Morning Gecko ... for me it sound like what Dirty Harry always say "make my day" lol, gt.
van Gecko 14:19 GMT November 2, 2006
Top feeders are trying vely hard to sustain the Conti cousins momentum or risk daily Reverse Somersault Fractals..
euro @ 1.2766 GBP @ 1.9086
van Gecko 07:08 GMT November 2, 2006
Shanghai 05:54.. good Eur/Gbp read.. some more work on patiences & conviction & your destiny may not be beyond control after all.. ;) Once the Eur/Gbp downside acceleration kicks in with the next leg of dollar strength, her majesty may regain her lead Olympic diving forms by default..gl
Shanghai beyond_destiny 05:54 GMT November 2, 2006
market is anticipating for the ECB decision and accompanied statement. Euro may drop sharply if rate on hold and no further indication of 'certain' rate hike in next meeting.
Short euro 1.2785/1.2805 t/p 1.254
Cable is well support by psy# 1.9 and short eurgbp around .67 to t/p large downsid(long holding) after break of 1.5/.6667 ...could be the best carry of 2007
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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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