Buy low and Sell high with levelled odds

Buy low and Sell high with the herds
We are influenced by what we see with a tendency to anchor our views on viewable chart prices as normal.. and since we can't see potential continuation prices beyond the current viewable chart area, most of us want to buy the current lows and sell the current highs with the assumption that prices will eventually return to past normal levels..

Stayin' Alive & Level the odds
Under the current strong market bias, longing AUDUSD from the recent .60 lows with or without money management practices expose one to eventual risk of ruin.. a 800 pip windfall in 2 days will only encourage & re-enforce path to future disaster habits..
Learn to be patient & let the market confirm the bias prior to placing bets.. start small & don't be afraid to add up with the bias..
ie. AUD @.68 is still contained within the strong down channel & should only be treated as Sell On Bounce retracement until the market can sustain multiple daily closes above the channel for a potential trend reversal.. over time, the survival odds are stacked for buy low and sell high with the prevailing bias vs indiscriminate buy low and sell high hoping for a reversion to mean..
Don't worry about missing out on all those pips in hindsight as there are always opportunities for the patient mindsets in this never ending game..

AUD Daily
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Getting on the train against the herd
While major trends are only evident in hindsight, there is a highly probable system for getting on an ongoing trend; "Only bet in the same direction when the 21 crosses the 50ma in the daily chart after extended consolidation"..
The only drawback for this simplistic beauty is that one must learn to play against the herd by overcoming the "too cheap/too expensive Fx Fear Syndrome", possess a counter-human trading mindset to sit & wait for the set-up, & don't be afraid to hop on the train once it is pulling out of the station.. ie. Euro breaking the 1.53 long term support levels..

Euro daily
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If the majority are consistent losers playing with a traditional mindset then the minority with an edge must be playing with a contrarian hand..
level the odds, & trade to "Stay Alive"..

Gold @10/03/08

Long term trends rarely reverse quickly & markets often over-shoot & tease convictions with counter moves over a period of time prior to making any sustained turn.. Recent market volatility plus wide-range inter-market instability over the past few months may be the underlying dynamics to sustain the current end games across the board..

copper-gold weekly @10/03/08
copper is on the verge of painting a Golden Bear cross after 16 months of wide-range market volatility & the CRB index had given back almost all of the multi-year gain over the last 3 months..
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gold-copper weekly @10/03/08
after touching 1000 in March, gold had shifted into catch-up gear with volatile wide-range negative M/T bias & flashing weekly cluster breaks below the 21&50 week ma for the first time since the initial run-up from 2002..
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gold monthly @10/03/08
gold over-shooting 850 is exhibiting the same 1980/81 blow-off topping formation in accord with classic price~time parameters.. sustained break below 800 under the prevailing global market dynamics could accelerate deferred liquidation down to the 600 & 500 dollar zones..
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Dow-Gold weekly @10/03/08
gold not only failed to regain 1000 but is also displaying sympathetic M/T bias for the ongoing mess in the global equity markets.. any near term correction in equities could further tarnish L/T convictions & induce more long & mid-term liquidation..