Gaining an Edge over the Forex game of Mind, Money, & Wealth
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.
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.
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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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