Gaining an Edge over the Forex game of Mind, Money, & Wealth
Saturday, November 03, 2007
van Gecko 03:08 GMT November 3, 2007
"07:09 GMT November 1, 2007
...Euro up here within this 1.4450/1.4550 band matching daddy Dmark's old highs is a great contra for BBB (Brave, Beautiful Bears) looking for those rare good risk adjusted paydays... "
nothing has changed from the above except for Brave Beautiful Bears are getting more attractive levels scaling in bets now that the Dollar Bear Brigade syndicate had managed to push the Euro to 1.45 & have the wannabies & analysts talking 1.50 next..
the short term risk/reward is now inversely stacked against the Dollar Bear Brigade members & for those Brave Beautiful Bears with every euro pip advance..
as the kinetics of this move to all world high by the raging euro are being digested over the w/e, all it takes is for one top heavy over-stretched DBB member infected with near term coldfeettitist to trigger a short term multi-figure liquidation..
good to see more BS doing the forum/media walks here in Herbieville..
my share of diversional entertainment..fwiww.. have a nice w/e..
Forex News Friday, 02 November 2007 21:08:18 GMT
• US Dollar Fails to Respond to Blowout Payrolls Number: What Gives?
• Euro On its Way to 1.50
"...the price action in the market today reflects everyone’s unwillingness to buy dollars. Those who want to be long are already long and any “new” positions being taken are mostly on the short side. If the US dollar can’t rally on strong economic data, what will it rally on? "
MLT PA 19:34 GMT November 2, 2007
eur/usd and gbp/usd showing a strong weekly close. The November rally is about to start.
FW CS 17:49 GMT November 2, 2007
Monaco Oil man 17:44 GMT November 2, 2007
Mr Oil Man. Very true as market almost completely ignored 'good' US Data and continued to steam roll the $.
Monaco Oil man 17:44 GMT November 2, 2007
Market doesn't need numbers anymore..Just sells the US$..
Monaco Oil man 17:36 GMT November 2, 2007
Well the EUR is closing above 1.45..Next target 1.50..Gold at high's and targetting 1K..This really is a fast trend , no stopping this train , no dips , just a huge frenzy...doing new high's daily ala year 2000.
Time to get more AUD and NZD for next week rush 300 pips above..
Good Weekend.
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..
"07:09 GMT November 1, 2007
...Euro up here within this 1.4450/1.4550 band matching daddy Dmark's old highs is a great contra for BBB (Brave, Beautiful Bears) looking for those rare good risk adjusted paydays... "
nothing has changed from the above except for Brave Beautiful Bears are getting more attractive levels scaling in bets now that the Dollar Bear Brigade syndicate had managed to push the Euro to 1.45 & have the wannabies & analysts talking 1.50 next..
the short term risk/reward is now inversely stacked against the Dollar Bear Brigade members & for those Brave Beautiful Bears with every euro pip advance..
as the kinetics of this move to all world high by the raging euro are being digested over the w/e, all it takes is for one top heavy over-stretched DBB member infected with near term coldfeettitist to trigger a short term multi-figure liquidation..
good to see more BS doing the forum/media walks here in Herbieville..
my share of diversional entertainment..fwiww.. have a nice w/e..
Forex News Friday, 02 November 2007 21:08:18 GMT
• US Dollar Fails to Respond to Blowout Payrolls Number: What Gives?
• Euro On its Way to 1.50
"...the price action in the market today reflects everyone’s unwillingness to buy dollars. Those who want to be long are already long and any “new” positions being taken are mostly on the short side. If the US dollar can’t rally on strong economic data, what will it rally on? "
MLT PA 19:34 GMT November 2, 2007
eur/usd and gbp/usd showing a strong weekly close. The November rally is about to start.
FW CS 17:49 GMT November 2, 2007
Monaco Oil man 17:44 GMT November 2, 2007
Mr Oil Man. Very true as market almost completely ignored 'good' US Data and continued to steam roll the $.
Monaco Oil man 17:44 GMT November 2, 2007
Market doesn't need numbers anymore..Just sells the US$..
Monaco Oil man 17:36 GMT November 2, 2007
Well the EUR is closing above 1.45..Next target 1.50..Gold at high's and targetting 1K..This really is a fast trend , no stopping this train , no dips , just a huge frenzy...doing new high's daily ala year 2000.
Time to get more AUD and NZD for next week rush 300 pips above..
Good Weekend.
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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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