Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, November 16, 2006
van Gecko 13:08 GMT November 16, 2006
Mumbai NS 09:44.. long for the old volatile days of "wine & roses" where traders slug it out with diverse views over phones & telex.. nowady, the market seems to had evolved into snoozeland with the rapid cross pollination of similar styles over the modern info highway.. cheers..
Mumbai NS 09:44 GMT November 16, 2006
van Gecko
Mate ur style is too gud although i may disagree with u thoroughly i do enjoy ur immicable usage of similies and metaphors gung ho frd cheers!
van Gecko 09:36 GMT November 16, 2006
jkt-aye 09:15.. a sub 1.8750 close this week after this latest rejection infront of 1.92 may get the Q4 train rolling..
jkt-aye 09:15 GMT November 16, 2006
Gecko...do you see a nice flying from down there ?
"UK Alex 09:45 GMT November 17, 2006
0930 GMT [Dow Jones] Cable's immediate outlook is negative with 1.8935-50 resistance expected to cap Friday, says Royal Bank of Scotland. The rate is nearing 1.8840, seen as a downside trigger for further losses toward 1.8770 and 1.8675."
van Gecko 09:09 GMT November 16, 2006
Syd 08:47.. those GBP specs may get lucky this week & add to their record long possies down at 1.8668.. ;)
Euro & Yen specs will get their chances too once the Cable lead train start steaming down the English Channel..
Syd 08:47 GMT November 16, 2006
Sterling gained modest support from a solid overnight RICS house price survey (+48.1 vs +45.7 last) but faces a crunch test Thursday from retail sales (0930 GMT, seen +0.4% mo-mo), says ABN Amro. Sterling's weakness Wednesday was triggered by a spike in unemployment and a dovish BoE inflation report, a solid retail sales print could offset some of the damage says the bank. However, ABNA adds that with speculators holding near record long GBP positions, only an upside surprise in the numbers will push the pound higher near-term against the majors. Cable trades at 1.8856, EUR/GBP at 0.6793
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..
Mumbai NS 09:44.. long for the old volatile days of "wine & roses" where traders slug it out with diverse views over phones & telex.. nowady, the market seems to had evolved into snoozeland with the rapid cross pollination of similar styles over the modern info highway.. cheers..
Mumbai NS 09:44 GMT November 16, 2006
van Gecko
Mate ur style is too gud although i may disagree with u thoroughly i do enjoy ur immicable usage of similies and metaphors gung ho frd cheers!
van Gecko 09:36 GMT November 16, 2006
jkt-aye 09:15.. a sub 1.8750 close this week after this latest rejection infront of 1.92 may get the Q4 train rolling..
jkt-aye 09:15 GMT November 16, 2006
Gecko...do you see a nice flying from down there ?
"UK Alex 09:45 GMT November 17, 2006
0930 GMT [Dow Jones] Cable's immediate outlook is negative with 1.8935-50 resistance expected to cap Friday, says Royal Bank of Scotland. The rate is nearing 1.8840, seen as a downside trigger for further losses toward 1.8770 and 1.8675."
van Gecko 09:09 GMT November 16, 2006
Syd 08:47.. those GBP specs may get lucky this week & add to their record long possies down at 1.8668.. ;)
Euro & Yen specs will get their chances too once the Cable lead train start steaming down the English Channel..
Syd 08:47 GMT November 16, 2006
Sterling gained modest support from a solid overnight RICS house price survey (+48.1 vs +45.7 last) but faces a crunch test Thursday from retail sales (0930 GMT, seen +0.4% mo-mo), says ABN Amro. Sterling's weakness Wednesday was triggered by a spike in unemployment and a dovish BoE inflation report, a solid retail sales print could offset some of the damage says the bank. However, ABNA adds that with speculators holding near record long GBP positions, only an upside surprise in the numbers will push the pound higher near-term against the majors. Cable trades at 1.8856, EUR/GBP at 0.6793
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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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