Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, March 16, 2007
van Gecko 00:03 GMT March 16, 2007
nice Europhoric dead cat bounce to suck in bulls & kill some bears before the big unwind..
Syd 23:34 GMT March 15, 2007
DJ MARKET TALK: Sell EUR/USD Rallies; L/T Rally Nearly Done - UBS
EUR's long-term rally nearing end, says UBS, noting structural, cyclical picture has shifted substantially over past 5 years: EUR now at historically high levels, U.S. trade deficits stabilizing, central bank reserve diversification maturing, global liquidity growth easing, and European policymakers concerned about EUR strength. If risk aversion eases near term, EUR may draw more buying temporarily as ECB hikes rates more, but "with the EUR now trading at our one- and three- month forecasts of 1.32 and 1.33, we think rallies in the single currency should now be sold as the EUR starts to peak against the USD."
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..
nice Europhoric dead cat bounce to suck in bulls & kill some bears before the big unwind..
Syd 23:34 GMT March 15, 2007
DJ MARKET TALK: Sell EUR/USD Rallies; L/T Rally Nearly Done - UBS
EUR's long-term rally nearing end, says UBS, noting structural, cyclical picture has shifted substantially over past 5 years: EUR now at historically high levels, U.S. trade deficits stabilizing, central bank reserve diversification maturing, global liquidity growth easing, and European policymakers concerned about EUR strength. If risk aversion eases near term, EUR may draw more buying temporarily as ECB hikes rates more, but "with the EUR now trading at our one- and three- month forecasts of 1.32 and 1.33, we think rallies in the single currency should now be sold as the EUR starts to peak against the USD."
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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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