Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, December 13, 2006
van Gecko 09:22 GMT December 13, 2006
those golden cross lovers had been milking Cable since mid year like my faithful Golden Retriever.. however, all trends will come to an eventual end & her majesty butting heads here with the 25 year resistances could do it..
"The Trend is your Friend.. until it comes to an Inflection End.."
van Gecko 08:09 GMT December 13, 2006
another failure infront of the recent highs will leave the euro GBP cousins in dire strait.. a "Go" for savvy mid-termers & Sydney ACC 20:51 GMT December 12, 2006 America's elite banks..
Sydney ACC 20:51 GMT December 12, 2006
US banks predict sterling set to crash
America's elite banks are expecting sterling to plummet next year after its meteoric rise to near $2 this autumn, believing Britain's growth surge to be well past its sell-by-date. Goldman Sach has advised sophisticated investors take out a "short" position against pound on the derviatves markets as its top trade for 2007, a bet that the currency will fall.
"The UK remains the largest current account deficit country in Western Europe, with a substantially overvalued currency - about 13pc on a trade-weighted basis," said the bank in a client note.
America's top banks expect the pound to plummet
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..
those golden cross lovers had been milking Cable since mid year like my faithful Golden Retriever.. however, all trends will come to an eventual end & her majesty butting heads here with the 25 year resistances could do it..
"The Trend is your Friend.. until it comes to an Inflection End.."
van Gecko 08:09 GMT December 13, 2006
another failure infront of the recent highs will leave the euro GBP cousins in dire strait.. a "Go" for savvy mid-termers & Sydney ACC 20:51 GMT December 12, 2006 America's elite banks..
Sydney ACC 20:51 GMT December 12, 2006
US banks predict sterling set to crash
America's elite banks are expecting sterling to plummet next year after its meteoric rise to near $2 this autumn, believing Britain's growth surge to be well past its sell-by-date. Goldman Sach has advised sophisticated investors take out a "short" position against pound on the derviatves markets as its top trade for 2007, a bet that the currency will fall.
"The UK remains the largest current account deficit country in Western Europe, with a substantially overvalued currency - about 13pc on a trade-weighted basis," said the bank in a client note.
America's top banks expect the pound to plummet
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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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