Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, November 23, 2006
van Gecko 14:30 GMT November 23, 2006
Helsinki iw 11:18 hope you're fine.. yes, selling JPY/USD in front of 116.. think those anxious "DollarYen 110 lotto" ticket holders may have to wait a few more moons for the Jackpot..
Helsinki iw 11:18 GMT November 23, 2006
Gecko, does this mean that you are busy selling USD/JPY then?
van Gecko 11:02 GMT November 23, 2006
the state of the Dollar.. comparing apples to orange;
the last time euro was up here near 1.30, the Dollar vs Japanese & Swissy were down at 110 & 1.20 respectively.. a + divergence of 5 & 2 figs here.. and on the past two Q4 break-out the dollar was up above usdx 90 zigzaging down to 80, the recent major low and euro was the grateful benefactor of a long term rising sub 140 Eur/Jpy. while this time around, the Dollar had climbed 500+bps from its historical low, & both crosses are up against major mid to long term resistances here.. fwiwW
van Gecko 09:08 GMT November 23, 2006
CAIRO AG 07:18.. its a laborious 3hr drive (or 2hr in a LP640) south for Chaiyi turkey, so I'll just stick with my Peking duck dinner here.. as for the raging Euro, if it could sustain multiple weeklies above 1.2980 those savvy Rickshaw & Taxi drivers may be on the right boat to 1.36 while any approach near 1.30 are premium r/r contra opportunties for real money position/range players..
CAIRO AG 07:18 GMT November 23, 2006
Gecko// Hellooooo.... hope you re enjoying today s turkey.... I didnt get that...or may be am mis-understanding: u changed ur view and now looking for euro 1.36? TIA
Good day to you.
van Gecko 07:12 GMT November 23, 2006
rickshaw & taxi drivers all over may be telling each other it's the last call to buy euro here for 1.36 or risk being inflicted with Thanksgiving turkey_titist..
fwiwW
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..
Helsinki iw 11:18 hope you're fine.. yes, selling JPY/USD in front of 116.. think those anxious "DollarYen 110 lotto" ticket holders may have to wait a few more moons for the Jackpot..
Helsinki iw 11:18 GMT November 23, 2006
Gecko, does this mean that you are busy selling USD/JPY then?
van Gecko 11:02 GMT November 23, 2006
the state of the Dollar.. comparing apples to orange;
the last time euro was up here near 1.30, the Dollar vs Japanese & Swissy were down at 110 & 1.20 respectively.. a + divergence of 5 & 2 figs here.. and on the past two Q4 break-out the dollar was up above usdx 90 zigzaging down to 80, the recent major low and euro was the grateful benefactor of a long term rising sub 140 Eur/Jpy. while this time around, the Dollar had climbed 500+bps from its historical low, & both crosses are up against major mid to long term resistances here.. fwiwW
van Gecko 09:08 GMT November 23, 2006
CAIRO AG 07:18.. its a laborious 3hr drive (or 2hr in a LP640) south for Chaiyi turkey, so I'll just stick with my Peking duck dinner here.. as for the raging Euro, if it could sustain multiple weeklies above 1.2980 those savvy Rickshaw & Taxi drivers may be on the right boat to 1.36 while any approach near 1.30 are premium r/r contra opportunties for real money position/range players..
CAIRO AG 07:18 GMT November 23, 2006
Gecko// Hellooooo.... hope you re enjoying today s turkey.... I didnt get that...or may be am mis-understanding: u changed ur view and now looking for euro 1.36? TIA
Good day to you.
van Gecko 07:12 GMT November 23, 2006
rickshaw & taxi drivers all over may be telling each other it's the last call to buy euro here for 1.36 or risk being inflicted with Thanksgiving turkey_titist..
fwiwW
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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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