Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, January 25, 2007
Syd 15:25 GMT January 25, 2007
Deutche Bank Says Sell EUR/USD, EUR/JPY
Deutsche Bank's global head of FX strategy Bilal Hafeez sees euro weakness ahead in 07, with EUR/USD sliding to 1.20/1.25. Says euro is overvalued in terms of purchasing power. Argues for a "negative surprise" in euro-area economic growth in 07, because of higher taxes, strong exchange rate and impact of US slowdown.
van Gecko 15:09 GMT January 25, 2007
Tor BB 14:00.. gold poking at the 6 month range highs.. dailies above 655 could see 670, but it could also turn on a dime under the prevailing market dynamics.. meanwhile, specs are net long & fishes are shouting "break-out"!still looking for the Yen crosses to inject more life across the board for Goldbugs, Europhiles, Yenophobes, & Fxjunkies..
Gold @654
Tor BB 14:00 GMT January 25, 2007
Gecko, what is your view on gold this morning, it is passing 650. Do you always expect a turnover, the gold stock are very strong. Thanks for your comments
van Gecko 12:29 GMT January 25, 2007
Path to happiness for Europhiles & Ahe's Yenophobes;
Euro/Yen->155.08
Euro->1.2918
Dollar/Yen->120.08
Dollar & carry kicks in again..
Euro break below year low & Europhiles get to buy some cheap Euroo @ 1.2738
Dollar/Yen rise with it's Crosses for 122.88 while Euro & cousin GBP search for more joy..
life is good.. Fx happy days are here again.. ;)
Hong Kong Ahe 08:31 GMT January 25, 2007
Yenophobes fight back after EURJPY reached 155.70/80 except those holding NZDJPY. They grab any chances of a little up-tick to square their short of JPY. The unwinding of carry trade is not yet over. GL and GT.
Deutche Bank Says Sell EUR/USD, EUR/JPY
Deutsche Bank's global head of FX strategy Bilal Hafeez sees euro weakness ahead in 07, with EUR/USD sliding to 1.20/1.25. Says euro is overvalued in terms of purchasing power. Argues for a "negative surprise" in euro-area economic growth in 07, because of higher taxes, strong exchange rate and impact of US slowdown.
van Gecko 15:09 GMT January 25, 2007
Tor BB 14:00.. gold poking at the 6 month range highs.. dailies above 655 could see 670, but it could also turn on a dime under the prevailing market dynamics.. meanwhile, specs are net long & fishes are shouting "break-out"!still looking for the Yen crosses to inject more life across the board for Goldbugs, Europhiles, Yenophobes, & Fxjunkies..
Gold @654
Tor BB 14:00 GMT January 25, 2007
Gecko, what is your view on gold this morning, it is passing 650. Do you always expect a turnover, the gold stock are very strong. Thanks for your comments
van Gecko 12:29 GMT January 25, 2007
Path to happiness for Europhiles & Ahe's Yenophobes;
Euro/Yen->155.08
Euro->1.2918
Dollar/Yen->120.08
Dollar & carry kicks in again..
Euro break below year low & Europhiles get to buy some cheap Euroo @ 1.2738
Dollar/Yen rise with it's Crosses for 122.88 while Euro & cousin GBP search for more joy..
life is good.. Fx happy days are here again.. ;)
Hong Kong Ahe 08:31 GMT January 25, 2007
Yenophobes fight back after EURJPY reached 155.70/80 except those holding NZDJPY. They grab any chances of a little up-tick to square their short of JPY. The unwinding of carry trade is not yet over. GL and GT.
Wednesday, January 24, 2007
van Gecko 08:20 GMT January 24, 2007
Euroophiles who had missed the 1.30 boat earlier may get another chance to buy the Euroo @1.2870 "double bottom" soon..
Madrid mm 07:44 GMT January 24, 2007
Strong Cross/JPY selling - unwinding of the popular JPY carry trades going through as we move into Europe,
EUR/JPY stoploss hit below 158.00/ 157.50 after a very volatile section that saw EUR/JPY hitting new all time highs of 158.59, after taking out the 158.50 triggers, only to be sold down to 157.33 longs as funds liquidate Cross/JPY on JPY carry trades unwinding.
van Gecko 07:02 GMT January 24, 2007
the limited window of opportunity to SOB Euroo & GBP may be closing soon..
"14:02 GMT January 23, 2007
euroophiles hoping to regain 1.30 should watch euroo/Jap like a hawk here.. the cross must close above 158 or risk another multi-fig dive for both.."
Euro @1.3020 -->1.2875, GBP @1.9830 -->1.9400, Eur/Jpy 158.50 -->155.50
Euroophiles who had missed the 1.30 boat earlier may get another chance to buy the Euroo @1.2870 "double bottom" soon..
Madrid mm 07:44 GMT January 24, 2007
Strong Cross/JPY selling - unwinding of the popular JPY carry trades going through as we move into Europe,
EUR/JPY stoploss hit below 158.00/ 157.50 after a very volatile section that saw EUR/JPY hitting new all time highs of 158.59, after taking out the 158.50 triggers, only to be sold down to 157.33 longs as funds liquidate Cross/JPY on JPY carry trades unwinding.
van Gecko 07:02 GMT January 24, 2007
the limited window of opportunity to SOB Euroo & GBP may be closing soon..
"14:02 GMT January 23, 2007
euroophiles hoping to regain 1.30 should watch euroo/Jap like a hawk here.. the cross must close above 158 or risk another multi-fig dive for both.."
Euro @1.3020 -->1.2875, GBP @1.9830 -->1.9400, Eur/Jpy 158.50 -->155.50
Tuesday, January 23, 2007
PA dessi 17:46 GMT January 23, 2007
GPBUSD walking a difficult road. Failure to sustain 1.9850 on a daily and weekly basis this Friday may signal end of the road for the brave cable cheerleeders. For me, taking ito account the overextended and overvalued gbp crosses which are at or have surpassed major previous multiyear resistances, selling cable and holding previous sells form lower levels seems the logical way to go. Also, gbp and its crosses seem to have hard times during the end of january -march part of the year. And if one checks the monthly gbp crosses charts, it shows that if january is trendy, february usually trends in the opposite direction. To conclude, selling gbp in the 1,98-2,0000 box is good for 10-15 big figures, time schedule end of February or mid March, the risk being not more than 2-3 figures above. Pretty nice setup indeed. AIMVHO. Good trading all!
van Gecko 15:19 GMT January 23, 2007
ab.. specs are net long gold & fishes are buying here near a s/t triple top.. I don't think the Chinese would make a habit of "massive buying" anything at/near a s/t triple top with the fishes..
gold @646
hk ab 15:04 GMT January 23, 2007
Gecko, I thanked for your view on gold and the carry elaboration. However, would like to know why we should not be afraid of Chinese massive buying? Won't that be horrible if one is squeezed for 50-60 bugs up before massive down happens?
van Gecko 14:02 GMT January 23, 2007
euroophiles hoping to regain 1.30 should watch euroo/Jap like a hawk here.. the cross must close above 158 or risk another multi-fig dive for both..
Euro @1.3040 Eur/Jpy @158.20
GPBUSD walking a difficult road. Failure to sustain 1.9850 on a daily and weekly basis this Friday may signal end of the road for the brave cable cheerleeders. For me, taking ito account the overextended and overvalued gbp crosses which are at or have surpassed major previous multiyear resistances, selling cable and holding previous sells form lower levels seems the logical way to go. Also, gbp and its crosses seem to have hard times during the end of january -march part of the year. And if one checks the monthly gbp crosses charts, it shows that if january is trendy, february usually trends in the opposite direction. To conclude, selling gbp in the 1,98-2,0000 box is good for 10-15 big figures, time schedule end of February or mid March, the risk being not more than 2-3 figures above. Pretty nice setup indeed. AIMVHO. Good trading all!
van Gecko 15:19 GMT January 23, 2007
ab.. specs are net long gold & fishes are buying here near a s/t triple top.. I don't think the Chinese would make a habit of "massive buying" anything at/near a s/t triple top with the fishes..
gold @646
hk ab 15:04 GMT January 23, 2007
Gecko, I thanked for your view on gold and the carry elaboration. However, would like to know why we should not be afraid of Chinese massive buying? Won't that be horrible if one is squeezed for 50-60 bugs up before massive down happens?
van Gecko 14:02 GMT January 23, 2007
euroophiles hoping to regain 1.30 should watch euroo/Jap like a hawk here.. the cross must close above 158 or risk another multi-fig dive for both..
Euro @1.3040 Eur/Jpy @158.20
Monday, January 22, 2007
Athens MK 14:12 GMT January 22, 2007
van Gecko 14:02
This is one fish that has been swimming against the tide. ;) Let those carry crosses bail and I would love to swim with the current.. :)
van Gecko 14:02 GMT January 22, 2007
london.. if Euroophiles get 1.2738, patient GBP bulls may be rewarded with an equal opportunity down @1.9398..
pd cumino.. risk adjusted forward bull-sight..
"08:12 GMT January 19, 2007
good inter-market set-up for the Dollar to repeat the Jan 3rd move.. her majesty could be the leader of the pack here.. cousin Euro & others will follow like Pavlov's dogs.. "
pd cumino 13:47 GMT January 22, 2007
van Gecko 13:11 GMT January 22, 2007
From what are you deriving those very good odds?
london pw 13:27 GMT January 22, 2007
van Gecko 13:11
van Gecko do you think any good levels for longing gbp/usd lower down this week ? ......
van Gecko 13:23 GMT January 22, 2007
"04:23 GMT January 18, 2007
the real show is yet to come..
fishes are short with the majority swimming below 119.. more squeeze to come..
.. above 121.38, it could be mayhem in Geisha Street with the Dollar "Slinging" up another yen to 122.38 in a flash..
as for "fish", they come in various size & temperament in this cesspool, most dance with a risky "left foot" & possess an uncanny fx knack for swimming against the tide.."
Mla Evan 13:13 GMT January 22, 2007
van Gecko, how abt Usd/yen?
van Gecko 13:11 GMT January 22, 2007
vely good odds for Euroophiles to load their boat down @ 1.2738 this week..
Hong Kong nt 12:45 GMT January 22, 2007
USD/JPY -- sell 2 batches, one here at 121.7 and another at 122.3..fwiw..
van Gecko 14:02
This is one fish that has been swimming against the tide. ;) Let those carry crosses bail and I would love to swim with the current.. :)
van Gecko 14:02 GMT January 22, 2007
london.. if Euroophiles get 1.2738, patient GBP bulls may be rewarded with an equal opportunity down @1.9398..
pd cumino.. risk adjusted forward bull-sight..
"08:12 GMT January 19, 2007
good inter-market set-up for the Dollar to repeat the Jan 3rd move.. her majesty could be the leader of the pack here.. cousin Euro & others will follow like Pavlov's dogs.. "
pd cumino 13:47 GMT January 22, 2007
van Gecko 13:11 GMT January 22, 2007
From what are you deriving those very good odds?
london pw 13:27 GMT January 22, 2007
van Gecko 13:11
van Gecko do you think any good levels for longing gbp/usd lower down this week ? ......
van Gecko 13:23 GMT January 22, 2007
"04:23 GMT January 18, 2007
the real show is yet to come..
fishes are short with the majority swimming below 119.. more squeeze to come..
.. above 121.38, it could be mayhem in Geisha Street with the Dollar "Slinging" up another yen to 122.38 in a flash..
as for "fish", they come in various size & temperament in this cesspool, most dance with a risky "left foot" & possess an uncanny fx knack for swimming against the tide.."
Mla Evan 13:13 GMT January 22, 2007
van Gecko, how abt Usd/yen?
van Gecko 13:11 GMT January 22, 2007
vely good odds for Euroophiles to load their boat down @ 1.2738 this week..
Hong Kong nt 12:45 GMT January 22, 2007
USD/JPY -- sell 2 batches, one here at 121.7 and another at 122.3..fwiw..
Friday, January 19, 2007
jkt-aye 10:42 GMT January 19, 2007
Gecko.... thanks for your help.
van Gecko 08:12 GMT January 19, 2007
good inter-market set-up for the Dollar to repeat the Jan 3rd move.. her majesty could be the leader of the pack here.. cousin Euro & others will follow like Pavlov's dogs..
GBP @1.9750 Euro @1.2980
Cannes Oil man 06:03 GMT January 19, 2007
1. after consolidation,euro goes up..
2 80% fish long usd..
yesterday i said david vs goliath, and it keeps on the same way , cb +smart money buy euro , specs sell it in force , has been going on for a week now..outcome generally ends up against specs, in real life goliath wins.
3-as i've been saying for weeks, cb's still need to get out of us$ into other currencies(euro,gbp, and probably other smaller crosses will be supported)...Nothing as changed fundamentally to support US$ really with further gains but profit taking from smart money done at the start of the year.
4-Chart wise only above 1.3030 today will euro be a good buy for 1.34..(gbp still strong buy for 2.0 as said week ago).
we will see where it closes today , though there hasn't been a strong dollar down friday since the start of the year..Full moon is always good for trend changes , today looks like a good day.
gl
Gecko.... thanks for your help.
van Gecko 08:12 GMT January 19, 2007
good inter-market set-up for the Dollar to repeat the Jan 3rd move.. her majesty could be the leader of the pack here.. cousin Euro & others will follow like Pavlov's dogs..
GBP @1.9750 Euro @1.2980
Cannes Oil man 06:03 GMT January 19, 2007
1. after consolidation,euro goes up..
2 80% fish long usd..
yesterday i said david vs goliath, and it keeps on the same way , cb +smart money buy euro , specs sell it in force , has been going on for a week now..outcome generally ends up against specs, in real life goliath wins.
3-as i've been saying for weeks, cb's still need to get out of us$ into other currencies(euro,gbp, and probably other smaller crosses will be supported)...Nothing as changed fundamentally to support US$ really with further gains but profit taking from smart money done at the start of the year.
4-Chart wise only above 1.3030 today will euro be a good buy for 1.34..(gbp still strong buy for 2.0 as said week ago).
we will see where it closes today , though there hasn't been a strong dollar down friday since the start of the year..Full moon is always good for trend changes , today looks like a good day.
gl
Thursday, January 18, 2007
van Gecko 08:19 GMT January 18, 2007
jkt-aye.. imo GBP & cousin Euro is living on "borrowed time' up here off their crosses giving good risk reload opportunities for her majesty's m/t players..
"09:29 GMT December 14, 2006
GBP at these levels may represent a rare limited window of opportunity for mid & long term players to sell at levels not seen for the last decade & may not be seen again for the next decade to come.. a Sell & Snooze theme for the next 10 to 25 years.. and where her majesty go, 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 @1.9775 Euro @1.2970
jkt-aye 07:41 GMT January 18, 2007
Hello Gecko, how do you see the dancing queen this time? tia
van Gecko 07:31 GMT January 18, 2007
Makassar Alimin.. above 121.38, it could be mayhem in Geisha Street with the Dollar "Slinging" up another yen to 122.38 in a flash..
as for "fish", they come in various size & temperament in this cesspool, most dance with a risky "left foot" & possess an uncanny fx knack for swimming against the tide..
Makassar Alimin 04:57 GMT January 18, 2007
agree Gecko, i am looking at 121 today
van Gecko 04:23 GMT January 18, 2007
the real show is yet to come..
fishes are short with the majority swimming below 119.. more squeeze to come..
Makassar Alimin 04:19 GMT January 18, 2007
is this it? we have been anxiously waiting for so long LOL...totally disappointing impact
Usd/Jpy @120.70
Syd 04:07 GMT January 18, 2007
BOJ Board Vote Split For 1st Time Since March 9, 2006
BOJ Board Voted 6-3 To Leave Policy Unchanged
BOJ Board Votes To Leave Monetary Policy Unchanged
hong kong nt 03:41 GMT January 18, 2007
USD/JPY -- MAXIMUM causalities if there is no hike and USD/JPY dive rapidly from 120...
jkt-aye.. imo GBP & cousin Euro is living on "borrowed time' up here off their crosses giving good risk reload opportunities for her majesty's m/t players..
"09:29 GMT December 14, 2006
GBP at these levels may represent a rare limited window of opportunity for mid & long term players to sell at levels not seen for the last decade & may not be seen again for the next decade to come.. a Sell & Snooze theme for the next 10 to 25 years.. and where her majesty go, 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 @1.9775 Euro @1.2970
jkt-aye 07:41 GMT January 18, 2007
Hello Gecko, how do you see the dancing queen this time? tia
van Gecko 07:31 GMT January 18, 2007
Makassar Alimin.. above 121.38, it could be mayhem in Geisha Street with the Dollar "Slinging" up another yen to 122.38 in a flash..
as for "fish", they come in various size & temperament in this cesspool, most dance with a risky "left foot" & possess an uncanny fx knack for swimming against the tide..
Makassar Alimin 04:57 GMT January 18, 2007
agree Gecko, i am looking at 121 today
van Gecko 04:23 GMT January 18, 2007
the real show is yet to come..
fishes are short with the majority swimming below 119.. more squeeze to come..
Makassar Alimin 04:19 GMT January 18, 2007
is this it? we have been anxiously waiting for so long LOL...totally disappointing impact
Usd/Jpy @120.70
Syd 04:07 GMT January 18, 2007
BOJ Board Vote Split For 1st Time Since March 9, 2006
BOJ Board Voted 6-3 To Leave Policy Unchanged
BOJ Board Votes To Leave Monetary Policy Unchanged
hong kong nt 03:41 GMT January 18, 2007
USD/JPY -- MAXIMUM causalities if there is no hike and USD/JPY dive rapidly from 120...
Monday, January 15, 2007
van Gecko 13:43 GMT January 15, 2007
The guide dogs had blasted off.. can the master be far behind?
"08:28 GMT April 5, 2006
..
Eur/Chf & Gbp/Chf track each other's direction in a lead/lag fashion with good correlations.. while both cross had been consolidating in a narrow range over the past year, Eur/Chf had recently broke out of its range & now poking at the 2004 high of 1.58 (which corresponds to the old Gbp/Chf 2.39 high) with good odds for the 1.60's.. imo the old Gbp/Chf 2.40/39 m/t target is reasonable once it follow its cousin up & push its master Usd/Chf into orbit.. fwiww.."
Gold, an accident waiting to happen?
The guide dogs had blasted off.. can the master be far behind?
"08:28 GMT April 5, 2006
..
Eur/Chf & Gbp/Chf track each other's direction in a lead/lag fashion with good correlations.. while both cross had been consolidating in a narrow range over the past year, Eur/Chf had recently broke out of its range & now poking at the 2004 high of 1.58 (which corresponds to the old Gbp/Chf 2.39 high) with good odds for the 1.60's.. imo the old Gbp/Chf 2.40/39 m/t target is reasonable once it follow its cousin up & push its master Usd/Chf into orbit.. fwiww.."
Gold, an accident waiting to happen?
Thursday, January 11, 2007
NY RP 15:57 GMT January 11, 2007
Front row seats to Dollar bull party. I must say I am surprised, but with all the negativity in the Dollar a move like this is warranted.
Gecko is the man and what a wonderful call. GL
saloniko nk 15:52 GMT January 11, 2007
Van Gecko..
Happy N.Year....healthy and Lucky...
nk
Makassar Alimin 15:43 GMT January 11, 2007
van Gecko 15:34 GMT January 11, 2007
well done Gecko, you were just absolutely correct with euro 1.2888 when others were calling for 1.36, how i wish i had patience and "sight" like you have in this forex sea, good trades!
van Gecko 15:34 GMT January 11, 2007
Bingo! after 1.2888, 1.2788 is within the new year train's ATR..
van Gecko 15:12 GMT January 11, 2007
barking or not, their repective currencies are indeed vely nice new year dogs..
PAR 15:01 GMT January 11, 2007
ECB and BOJ are very similar. Both barking dogs which dont bite .
van Gecko 14:53 GMT January 11, 2007
1.2888 is the butter with 1.2738 being the meat..
van Gecko 14:19 GMT January 11, 2007
Usd/Jpy above 120.. the Euroo now 40 pips from lucky 1.2888.. looks like some of those 'Dollar Bear Brigade' members are rushing to be head of the Dollar Bull class after their lesson from 2004..
manchester.. better odds for the Dollar to 'zoom' up to 1.24 then down to 1.14..
manchester 13:54 GMT January 11, 2007
thanks, Im short 11750-60. hoping it zooms down
Cannes Oil man 13:47 GMT January 11, 2007
1.1810 (the daily double top).
manchester 13:42 GMT January 11, 2007
van Gecko, can u advise a resistance level on $/CAD
van Gecko 13:39 GMT January 11, 2007
Chicago bulls loves Dollar/Canada! ;))
manchester 13:33 GMT January 11, 2007
any opinions on USD/CAD, will this break 118?
Cannes Oil man 11:51 GMT January 11, 2007
I see $/CAD still going DOWN..It's been trying to do so for awhile now, with enormous pressure building up on the downside stops..
The moment it does it will be fast and furious.
If however e$ does not find the bottom today, chances are high that it stays relatively stable (like in the past few days).
van Gecko 10:55 GMT January 11, 2007
121+ in the Dollar's new year sight..
Usd/Jpy Singapore Sling @1/11
Front row seats to Dollar bull party. I must say I am surprised, but with all the negativity in the Dollar a move like this is warranted.
Gecko is the man and what a wonderful call. GL
saloniko nk 15:52 GMT January 11, 2007
Van Gecko..
Happy N.Year....healthy and Lucky...
nk
Makassar Alimin 15:43 GMT January 11, 2007
van Gecko 15:34 GMT January 11, 2007
well done Gecko, you were just absolutely correct with euro 1.2888 when others were calling for 1.36, how i wish i had patience and "sight" like you have in this forex sea, good trades!
van Gecko 15:34 GMT January 11, 2007
Bingo! after 1.2888, 1.2788 is within the new year train's ATR..
van Gecko 15:12 GMT January 11, 2007
barking or not, their repective currencies are indeed vely nice new year dogs..
PAR 15:01 GMT January 11, 2007
ECB and BOJ are very similar. Both barking dogs which dont bite .
van Gecko 14:53 GMT January 11, 2007
1.2888 is the butter with 1.2738 being the meat..
van Gecko 14:19 GMT January 11, 2007
Usd/Jpy above 120.. the Euroo now 40 pips from lucky 1.2888.. looks like some of those 'Dollar Bear Brigade' members are rushing to be head of the Dollar Bull class after their lesson from 2004..
manchester.. better odds for the Dollar to 'zoom' up to 1.24 then down to 1.14..
manchester 13:54 GMT January 11, 2007
thanks, Im short 11750-60. hoping it zooms down
Cannes Oil man 13:47 GMT January 11, 2007
1.1810 (the daily double top).
manchester 13:42 GMT January 11, 2007
van Gecko, can u advise a resistance level on $/CAD
van Gecko 13:39 GMT January 11, 2007
Chicago bulls loves Dollar/Canada! ;))
manchester 13:33 GMT January 11, 2007
any opinions on USD/CAD, will this break 118?
Cannes Oil man 11:51 GMT January 11, 2007
I see $/CAD still going DOWN..It's been trying to do so for awhile now, with enormous pressure building up on the downside stops..
The moment it does it will be fast and furious.
If however e$ does not find the bottom today, chances are high that it stays relatively stable (like in the past few days).
van Gecko 10:55 GMT January 11, 2007
121+ in the Dollar's new year sight..
Usd/Jpy Singapore Sling @1/11
Monday, January 08, 2007
van Gecko 08:09 GMT January 8, 2007
FW CS 05:17 GMT January 6.. don't know if we have seen a long term Euro top made last week.. but after last week's failure from secondary highs, Euro & GBP is painting classic Monthly Reversal patterns from the December 1.3364 & 1.9846 highs..
There's good historical odds for mid to long term corrections after monthly rejections from Euro 1.30 & GBP 1.92 +/- bands..
Monthly Reverse Fractals
"09:01 GMT December 1, 2006
.. how much more fuel is left in the euro tank on this run will depend on her majesty's performance up here against the 25 year resistances and it may be of interest to note euro, GBP & their lead Crosses all started their 2 previous Thanksgiving runs from much lower historical levels & resistances then the current run.. that said, quacking ducks do get lucky once in a while as FxWorksInWackyWays.."
hk ab 01:04 GMT January 6.. risk adjusted forward BS for your perusal;
"02:16 GMT December 15, 2006
//cant' get cheap gold under 625.....//
be patient ab.. gold is in its seasonal snooze mode..
once the year-end/Q1 volatility picks up below 615, you may have lots of wonderful sub 600 opportunities to "pig-out" on the yellow metal to ring in the Year of the Pig..;)"
below 600 weeklies, the 560-535 bands may be fair targets for a new year Gold-Dollar correction..
FW CS 05:17 GMT January 6, 2007
van Gecko
do you think that we have seen a long term Euro top made this week? quacking ducks sure were pretty loud.
Euro 1.3297->1.2981->1.3001, GBP 1.9750->1.9264->1.9290, gold 645->601->606
Euro & GBP at one month low after dropping close to 300 & 500 points over the past three trading days.
vely nice new year dogs.. :))
"
van Gecko 00:38 GMT December 23, 2006
Season's Greetings..
& enjoy a nice holiday ride aboard the euro 1.2888, GBP 1.9088 trains.."
Belgrade Bobby 18:08 GMT January 5, 2007
Happy New Year and everything else to all.
EURUSD failing to reach 1.35...very bad rejection at 1.3450 .Beware of support at 1.2920 and Major at 1.2710/50
Resistance now at 1.3130/55
Wish u all Great Trading Year and let the Force be with us all from Monday :)
Ciao
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..
FW CS 05:17 GMT January 6.. don't know if we have seen a long term Euro top made last week.. but after last week's failure from secondary highs, Euro & GBP is painting classic Monthly Reversal patterns from the December 1.3364 & 1.9846 highs..
There's good historical odds for mid to long term corrections after monthly rejections from Euro 1.30 & GBP 1.92 +/- bands..
Monthly Reverse Fractals
"09:01 GMT December 1, 2006
.. how much more fuel is left in the euro tank on this run will depend on her majesty's performance up here against the 25 year resistances and it may be of interest to note euro, GBP & their lead Crosses all started their 2 previous Thanksgiving runs from much lower historical levels & resistances then the current run.. that said, quacking ducks do get lucky once in a while as FxWorksInWackyWays.."
hk ab 01:04 GMT January 6.. risk adjusted forward BS for your perusal;
"02:16 GMT December 15, 2006
//cant' get cheap gold under 625.....//
be patient ab.. gold is in its seasonal snooze mode..
once the year-end/Q1 volatility picks up below 615, you may have lots of wonderful sub 600 opportunities to "pig-out" on the yellow metal to ring in the Year of the Pig..;)"
below 600 weeklies, the 560-535 bands may be fair targets for a new year Gold-Dollar correction..
FW CS 05:17 GMT January 6, 2007
van Gecko
do you think that we have seen a long term Euro top made this week? quacking ducks sure were pretty loud.
Friday, January 05, 2007
Euro 1.3297->1.2981->1.3001, GBP 1.9750->1.9264->1.9290, gold 645->601->606
Euro & GBP at one month low after dropping close to 300 & 500 points over the past three trading days.
vely nice new year dogs.. :))
"
van Gecko 00:38 GMT December 23, 2006
Season's Greetings..
& enjoy a nice holiday ride aboard the euro 1.2888, GBP 1.9088 trains.."
Belgrade Bobby 18:08 GMT January 5, 2007
Happy New Year and everything else to all.
EURUSD failing to reach 1.35...very bad rejection at 1.3450 .Beware of support at 1.2920 and Major at 1.2710/50
Resistance now at 1.3130/55
Wish u all Great Trading Year and let the Force be with us all from Monday :)
Ciao
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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