Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, November 19, 2007
van Gecko 07:55 GMT November 19, 2007
Morristown GG 07:27.. a 3000 pip dive by GBP/JPY from historic highs should not be taken lightly as your run of the mill correction.. imo most long term trend following money may had got out when the going was good while the late comers seeing all those money left behind rush in here near the end.. It is not very often that we have Equities, Gold, & GBP falling together from historic highs..
climbing 金山..
the Gold mountain @ November 19
Morristown GG 07:27 GMT November 19, 2007
Van Gecko, Thanks for comments on Carry. August lows are roughly 1000 pips lower. I feel the same way. I'm watching them and feel that long term bulls are slowly liquidating on rallies. Its like they are buoyant - always pressured to go up simply based on interest rate benefit, but when they fall, its fast, like a sudden larger liquidation - but not so much that they further lower their portfolio, then they wait for the buoyancy to have its effect again only to liquidate a bit more.
Do you see that pattern in the charts? Also maybe they are setting their stops a bit higher in case they fall off unexpectedly
van Gecko 07:08 GMT November 19, 2007
Near-term Carry Trades heading towards last week's lows..
Short-term Carry Trades heading towards their August lows..
Mid-term Dollar Index heading towards 88..
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..
Morristown GG 07:27.. a 3000 pip dive by GBP/JPY from historic highs should not be taken lightly as your run of the mill correction.. imo most long term trend following money may had got out when the going was good while the late comers seeing all those money left behind rush in here near the end.. It is not very often that we have Equities, Gold, & GBP falling together from historic highs..
climbing 金山..
the Gold mountain @ November 19
Morristown GG 07:27 GMT November 19, 2007
Van Gecko, Thanks for comments on Carry. August lows are roughly 1000 pips lower. I feel the same way. I'm watching them and feel that long term bulls are slowly liquidating on rallies. Its like they are buoyant - always pressured to go up simply based on interest rate benefit, but when they fall, its fast, like a sudden larger liquidation - but not so much that they further lower their portfolio, then they wait for the buoyancy to have its effect again only to liquidate a bit more.
Do you see that pattern in the charts? Also maybe they are setting their stops a bit higher in case they fall off unexpectedly
van Gecko 07:08 GMT November 19, 2007
Near-term Carry Trades heading towards last week's lows..
Short-term Carry Trades heading towards their August lows..
Mid-term Dollar Index heading towards 88..
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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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