Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, August 29, 2011
van Gecko 12:00 GMT August 29, 2011
Trade Talk - Forex Weathermap - EURUSD: Reply
With Q3 coming to an end, Dollar/CHF taking the lead in tandem with EUR/CHF while Euro's stairway to 7th Heaven, or Q4 "Quantitative Easy Slide" fate from here rest with EUR/GBP & GBP..
fwiwW..
Euro @1.45
GVI Forex Jay 11:20 GMT August 29, 2011
Trade Talk - Forex Weathermap - EURUSD:
11:15 GMT (Global-View) Aug 29 - EURUSD appears it will break the 10 day pattern around 1.44, which is bullish but only a solid 1.45+ would suggest the risk of a shift into an uptrend. For this to occur, 1.4536 would need to be firmly broken. This follows a solid break of the "triangle top" at 1.4483 that paused just below 1.4550 (high 1.4549) and the upper Bollinger Band, which has contained the upside since the beginning of May. The eurusd has since retreated to trade around 1.45, which will set the tone going forwards.
This comes in a market where the euro has firmed despite a steady diet of negative news. It is not clear what has been behind the firmer euro, fundamental dollar weakness, an invisible hand that continues to keep it supported, various crosses, such as the sharp rebound in eurchf or a combination of these forces. Whatever the case, it has been confounding, especially to the chorus of calls for lower levels. Note eurchf extending high above 1.18, which is currrntly Keeping a bid under eurusd.
Trade Talk - Forex Weathermap - EURUSD: Reply
With Q3 coming to an end, Dollar/CHF taking the lead in tandem with EUR/CHF while Euro's stairway to 7th Heaven, or Q4 "Quantitative Easy Slide" fate from here rest with EUR/GBP & GBP..
fwiwW..
Euro @1.45
GVI Forex Jay 11:20 GMT August 29, 2011
Trade Talk - Forex Weathermap - EURUSD:
11:15 GMT (Global-View) Aug 29 - EURUSD appears it will break the 10 day pattern around 1.44, which is bullish but only a solid 1.45+ would suggest the risk of a shift into an uptrend. For this to occur, 1.4536 would need to be firmly broken. This follows a solid break of the "triangle top" at 1.4483 that paused just below 1.4550 (high 1.4549) and the upper Bollinger Band, which has contained the upside since the beginning of May. The eurusd has since retreated to trade around 1.45, which will set the tone going forwards.
This comes in a market where the euro has firmed despite a steady diet of negative news. It is not clear what has been behind the firmer euro, fundamental dollar weakness, an invisible hand that continues to keep it supported, various crosses, such as the sharp rebound in eurchf or a combination of these forces. Whatever the case, it has been confounding, especially to the chorus of calls for lower levels. Note eurchf extending high above 1.18, which is currrntly Keeping a bid under eurusd.
Labels: Euro
Thursday, August 18, 2011
Syd 20:39 GMT August 18, 2011
Father Of The Euro: It's "On The Edge Of A Precipice: Reply
Jacques Delors -- one man responsible for ushering in the European Economic and Monetary Union -- told Swiss newspaper Le Temps that Europe and the euro risk falling from "the edge of a precipice."
"To avoid falling, the choice looks straightforward to me: either member states accept the robust economic partnership I always demanded, or they transfer more powers to the Union," said Delors, who served as European Commission president from 1985 to 1994.
LINK
van Gecko 16:53 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
well Rafe.. I would imagine anyone spending unmentionable yards pushing it up here would be more worry with how to scale out with profits.. then again, there's an endless supply of pip-mongers willing to join the party at L/T tops & bottoms.. :)
good night..
Ind! Rafe... 16:30 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
Van Gecko//Trust me they got the money and clout, they can spend unmentionable yards of money to get us there.
We are gonna breakout to the upside eventually.
van Gecko 16:10 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
You may be right Rafe! may be some smart M/T Europhile money will come in here & push it another 20 figures higher from this L/T high.. :)
Ind! Rafe... 15:34 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
And above that it's gonna go to 16145.
van Gecko 15:28 GMT August 18, 2011
Q4 "Quantitative Easy Slide" :
The little Dollar coming alive while cousin Euro is still at good M/T SOB levels with its weekly coil ready to unwound.. below 1.4250 on this leg it may start humming Engelbert Humperdinck's please "Release Me" from this snoozy 1.4 band..
Euro @1.4350
Father Of The Euro: It's "On The Edge Of A Precipice: Reply
Jacques Delors -- one man responsible for ushering in the European Economic and Monetary Union -- told Swiss newspaper Le Temps that Europe and the euro risk falling from "the edge of a precipice."
"To avoid falling, the choice looks straightforward to me: either member states accept the robust economic partnership I always demanded, or they transfer more powers to the Union," said Delors, who served as European Commission president from 1985 to 1994.
LINK
van Gecko 16:53 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
well Rafe.. I would imagine anyone spending unmentionable yards pushing it up here would be more worry with how to scale out with profits.. then again, there's an endless supply of pip-mongers willing to join the party at L/T tops & bottoms.. :)
good night..
Ind! Rafe... 16:30 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
Van Gecko//Trust me they got the money and clout, they can spend unmentionable yards of money to get us there.
We are gonna breakout to the upside eventually.
van Gecko 16:10 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
You may be right Rafe! may be some smart M/T Europhile money will come in here & push it another 20 figures higher from this L/T high.. :)
Ind! Rafe... 15:34 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
And above that it's gonna go to 16145.
van Gecko 15:28 GMT August 18, 2011
Q4 "Quantitative Easy Slide" :
The little Dollar coming alive while cousin Euro is still at good M/T SOB levels with its weekly coil ready to unwound.. below 1.4250 on this leg it may start humming Engelbert Humperdinck's please "Release Me" from this snoozy 1.4 band..
Euro @1.4350
Labels: Euro
Thursday, August 11, 2011
van Gecko 08:18 GMT August 11, 2011
Q4 "Quantitative Easy Slide" : Reply
//London HC 10:42 GMT August 10, 2011// I can't speculate on what the ECB will or will not do.. but usually can speculate on the M/T bias with fair risk adjusted odds based on classic TA..
that said, Euro is behaving like piker's paradise on 7th heaven.. waiting to be released from the recent "Equity/Gold Quantitative Strangle Hold" in-order for it to fly or sink.. :)
London HC 10:42 GMT August 10, 2011
Q4 "Quantitative Easy Slide" : Reply
Gecko are you saying the ECB will stop sterilizing buying of bonds and QE?
Q4 "Quantitative Easy Slide" : Reply
//London HC 10:42 GMT August 10, 2011// I can't speculate on what the ECB will or will not do.. but usually can speculate on the M/T bias with fair risk adjusted odds based on classic TA..
that said, Euro is behaving like piker's paradise on 7th heaven.. waiting to be released from the recent "Equity/Gold Quantitative Strangle Hold" in-order for it to fly or sink.. :)
London HC 10:42 GMT August 10, 2011
Q4 "Quantitative Easy Slide" : Reply
Gecko are you saying the ECB will stop sterilizing buying of bonds and QE?
Labels: Euro
Wednesday, August 10, 2011
van Gecko 10:23 GMT August 10, 2011
Q4 "Quantitative Easy Slide" :
Sell EURUSD
Euro painting an "Quantitative Easy Slide" monthly picture..
Yearly ATR suggests 1.32 may be an Easy Slide target in Q4.. weekly under 1.42 may be good-bye with good M/T odds for 1.18 before 1.58..
fwiww
Euro @1.4380
___________________________________________________________
Q4 "Quantitative Easy Slide" :
Sell EURUSD
Euro painting an "Quantitative Easy Slide" monthly picture..
Yearly ATR suggests 1.32 may be an Easy Slide target in Q4.. weekly under 1.42 may be good-bye with good M/T odds for 1.18 before 1.58..
fwiww
Euro @1.4380
___________________________________________________________
Labels: Euro
van Gecko 07:38 GMT August 10, 2011
Gold & Silver aren't moving in tandem..
with Gold flashing a potential L/T blow-off exhaustion gap @1680, failure to sustain 1700 with new highs could set off a mid-term correction for the yellow metal with Dollar/Swiss & Dollar/Yen being the main beneficiaries..
trade safe & hoard Cheerios..
Gold & Silver aren't moving in tandem..
with Gold flashing a potential L/T blow-off exhaustion gap @1680, failure to sustain 1700 with new highs could set off a mid-term correction for the yellow metal with Dollar/Swiss & Dollar/Yen being the main beneficiaries..
trade safe & hoard Cheerios..
Labels: Gold
Monday, August 08, 2011
van Gecko 07:08 GMT August 8, 2011
The Dollar setting up for another Thanksgiving run.. Good scale in opportunities across the board from current levels for long distance marchers.. multi-year range players.. (& clam diggers in Aruba :)
Medium Term targets:
Dollar Index 85 ~~ 98
USDCHF .90 ~~ 1.18
USDJPY .88 ~~ 1.08
EURUSD 1.25 ~~ 1.08
GBPUSD 1.43 ~~ 1.13
keeping calm (before the Dollar storm).. trade safe & hoard Cheerios..
Euro @1.44
Dollar Index @08082011
Dallas ZEUS 00:17 GMT August 8, 2011 - My Profile
Keeping Calm: Reply
In keeping calm, one can take a counterintuitive approach during the confusion and turmoil and go long USD and come out ahead. Go long USD and go to Aruba
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 Dollar setting up for another Thanksgiving run.. Good scale in opportunities across the board from current levels for long distance marchers.. multi-year range players.. (& clam diggers in Aruba :)
Medium Term targets:
Dollar Index 85 ~~ 98
USDCHF .90 ~~ 1.18
USDJPY .88 ~~ 1.08
EURUSD 1.25 ~~ 1.08
GBPUSD 1.43 ~~ 1.13
keeping calm (before the Dollar storm).. trade safe & hoard Cheerios..
Euro @1.44
Dollar Index @08082011
Dallas ZEUS 00:17 GMT August 8, 2011 - My Profile
Keeping Calm: Reply
In keeping calm, one can take a counterintuitive approach during the confusion and turmoil and go long USD and come out ahead. Go long USD and go to Aruba
Labels: 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..
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