Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, November 06, 2007
AZUSA 4x-ed 16:21 GMT November 6, 2007
“The euro-U.S. currency adjustment is already finished,'' Greenspan said at a forum in Tokyo LINK
This statement coupled with the following former ECB’s policy member Otmar Issing:
“The first priority in central-bank communication is not to give inappropriate signals. Central banks must under no circumstances voluntarily create uncertainty. Central banks are tempted to give too much weight to short-term expectations. In case of communication failures, the strongest critiques come from those who will lose money. Code words are a way to deal with this short-term uncertainty.”
van Gecko 08:34 GMT November 6, 2007
too many bulls & bears slugging each other inside the 115/114 band for Dollar/Yen to go anyway near term but its crosses had over-shoot & ready to dump with the Conti cousins.. all pairs could roll over fast below 165 Eur/Yen..
shanghai bc 08:18 GMT November 6, 2007
hong kong nt 06:37 GMT November 6, 2007
Thanks..Good levels for me to scale out on the way up..I am more concerned with scaling out on the way up now:)..
hong kong nt 06:37 GMT November 6, 2007
BC -- in 2006, gold price managed to climbed $210/40% above 200-day SMA. if history repeats here, gold may see 900/960
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..
“The euro-U.S. currency adjustment is already finished,'' Greenspan said at a forum in Tokyo LINK
This statement coupled with the following former ECB’s policy member Otmar Issing:
“The first priority in central-bank communication is not to give inappropriate signals. Central banks must under no circumstances voluntarily create uncertainty. Central banks are tempted to give too much weight to short-term expectations. In case of communication failures, the strongest critiques come from those who will lose money. Code words are a way to deal with this short-term uncertainty.”
van Gecko 08:34 GMT November 6, 2007
too many bulls & bears slugging each other inside the 115/114 band for Dollar/Yen to go anyway near term but its crosses had over-shoot & ready to dump with the Conti cousins.. all pairs could roll over fast below 165 Eur/Yen..
shanghai bc 08:18 GMT November 6, 2007
hong kong nt 06:37 GMT November 6, 2007
Thanks..Good levels for me to scale out on the way up..I am more concerned with scaling out on the way up now:)..
hong kong nt 06:37 GMT November 6, 2007
BC -- in 2006, gold price managed to climbed $210/40% above 200-day SMA. if history repeats here, gold may see 900/960
Labels: EURJPY
Comments:
Post a Comment
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..
Archives
- 12/2000
- 06/2001
- 12/2001
- 06/2002
- 09/2002
- 12/2002
- 01/2003
- 02/2003
- 03/2003
- 04/2003
- 05/2003
- 06/2003
- 07/2003
- 08/2003
- 09/2003
- 11/2003
- 12/2003
- 01/2004
- 02/2004
- 03/2004
- 04/2004
- 05/2004
- 06/2004
- 07/2004
- 08/2004
- 09/2004
- 10/2004
- 11/2004
- 12/2004
- 01/2005
- 02/2005
- 03/2005
- 04/2005
- 05/2005
- 06/2005
- 08/2005
- 09/2005
- 10/2005
- 11/2005
- 12/2005
- 01/2006
- 02/2006
- 03/2006
- 04/2006
- 05/2006
- 06/2006
- 07/2006
- 08/2006
- 09/2006
- 10/2006
- 11/2006
- 12/2006
- 01/2007
- 02/2007
- 03/2007
- 04/2007
- 05/2007
- 06/2007
- 07/2007
- 08/2007
- 10/2007
- 11/2007
- 12/2007
- 01/2008
- 02/2008
- 04/2008
- 05/2008
- 06/2008
- 07/2008
- 08/2008
- 09/2008
- 10/2008
- 12/2008
- 01/2009
- 02/2009
- 04/2009
- 05/2009
- 09/2009
- 10/2009
- 11/2009
- 12/2009
- 02/2010
- 04/2010
- 05/2010
- 07/2010
- 08/2010
- 09/2010
- 10/2010
- 12/2010
- 01/2011
- 03/2011
- 08/2011
- 09/2011
- 10/2011
- 11/2011
- 12/2011
- 01/2012
- 02/2012
- 04/2012
- 05/2012
- 06/2012
- 09/2012
- 10/2012
- 11/2012
- 04/2013
- 12/2013
