Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, March 23, 2004
van Gecko 09:38 GMT March 23, 2004
ooozmeeh 09:01.. good afternoon.. her majesty gbp bouncing merrily up here mainly compliment of her crosses & the recent 'gold rush'.. expect the 1.8550/1,86's to cap for a retest of the 1.80/1.75 levels.. gold may be on the verge of dipping below 412 near term.. multiple daily closes below 410 could push the dollar up against all of the majors..
gl..
hk ooozmeeh 09:01 GMT March 23, 2004
GECKO... sir any views on GBP. TIA....
van Gecko 07:31 GMT March 22, 2004
As Euro is kissing goodbye (not good buy) to March, the underlying market dynamics is presenting a good window of opportunty for big bad bears to send it on its merry way below 1.21/20 ..
Cheerios..
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..
ooozmeeh 09:01.. good afternoon.. her majesty gbp bouncing merrily up here mainly compliment of her crosses & the recent 'gold rush'.. expect the 1.8550/1,86's to cap for a retest of the 1.80/1.75 levels.. gold may be on the verge of dipping below 412 near term.. multiple daily closes below 410 could push the dollar up against all of the majors..
gl..
hk ooozmeeh 09:01 GMT March 23, 2004
GECKO... sir any views on GBP. TIA....
van Gecko 07:31 GMT March 22, 2004
As Euro is kissing goodbye (not good buy) to March, the underlying market dynamics is presenting a good window of opportunty for big bad bears to send it on its merry way below 1.21/20 ..
Cheerios..
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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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