Fx BBQ: Usd/Jpy Singapore Sling @1/11

Thursday, January 11, 2007

Usd/Jpy Singapore Sling @1/11

The dollar setting up to break above the converging 7/98 long term trendline & the mid-term support channel from 1/05..
Massive dollar short liquidation above the psycho 120 level plus Eur/Jpy & Gbp/Jpy having another go at their recent highs while Euro & cousin GBP 'consolidates' in side to down bias could send the new year Dollar on its merry way above 121+..

Usd/Jpy monthly & weekly @1/11/07

Labels: Usd/Jpy

0 Comments:

Post a Comment

<< Home

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 analytics & 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 inorder to compensate for those times when we are wrong..

Fx BBQ

Thursday, January 11, 2007

Usd/Jpy Singapore Sling @1/11

0 Comments:

Previous Posts