Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, April 20, 2004
van Gecko 03:34 GMT April 21, 2004
April has a long standing habit of making fools out of Euro(& grandfather DMark) bulls & bears alike..
whenever the prevailing long term trends are down, bulls in April tends turn into fools in May..
& whenever the prevailing long term trends are up, April had teased bears of all kind into a selling fenzy..
;
Never figure out why some bulls/bears act this way..may be its a Spring induced FX fever/allergy..
or may be some are under sublimal influences after years of humming Johnny Mercer & Rube Bloom's classic "Fools rush in" lyrics in the shower..
"
"Fools rush in where angels fear to tread
And so I come to you, my love, my heart above my head.
Though I see the danger there
If there's a chance for me, then I don't care
.....
Fools rush in where wise men never go
.....
Fools rush in where wise men never, never, never go
.....
Just open up your heart and let this fool rush on in
Just open up your heart because I am coming in
Open up your heart and let this fool rush in!! "
hk ab nz 0.6 07:58 GMT April 20, 2004
van Gecko 07:41 GMT April 20, 2004
Many thanks for the nice and clear m/t view on dlrcad!
GREAT and GOOD TRADE!!
van Gecko 07:41 GMT April 20, 2004
ab.. the Goose now flying near the top of it's 10 week range.. nimble flyers could buy a break of 1.36, but keep an eye open for limited follow through today.. brave upside down flyers could try selling infront of 1.36 with loose or tight stops depending on how many pips one is willing to h'iss into the wind..
long range flyers need to be patient & lookout for sustained weekly closes above 1.35 or below 1.31 for range break marching clues..
van Gecko 07:06 GMT April 20, 2004
why wait for uncle Greenie to speak tommarrow for funny dollar direction clues? the majors are again at good values levels vs the dollar here for brave near term contrarians..
on the other hand, may be keep buying inflated dollars here at its s/t cycle high will be vely rewarding when the 'trend' is so obvious to the Herbies & 1.15 euro/usd is a given to some 'me too' guru analysts.. fwiw..
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..
April has a long standing habit of making fools out of Euro(& grandfather DMark) bulls & bears alike..
whenever the prevailing long term trends are down, bulls in April tends turn into fools in May..
& whenever the prevailing long term trends are up, April had teased bears of all kind into a selling fenzy..
;
Never figure out why some bulls/bears act this way..may be its a Spring induced FX fever/allergy..
or may be some are under sublimal influences after years of humming Johnny Mercer & Rube Bloom's classic "Fools rush in" lyrics in the shower..
"
"Fools rush in where angels fear to tread
And so I come to you, my love, my heart above my head.
Though I see the danger there
If there's a chance for me, then I don't care
.....
Fools rush in where wise men never go
.....
Fools rush in where wise men never, never, never go
.....
Just open up your heart and let this fool rush on in
Just open up your heart because I am coming in
Open up your heart and let this fool rush in!! "
hk ab nz 0.6 07:58 GMT April 20, 2004
van Gecko 07:41 GMT April 20, 2004
Many thanks for the nice and clear m/t view on dlrcad!
GREAT and GOOD TRADE!!
van Gecko 07:41 GMT April 20, 2004
ab.. the Goose now flying near the top of it's 10 week range.. nimble flyers could buy a break of 1.36, but keep an eye open for limited follow through today.. brave upside down flyers could try selling infront of 1.36 with loose or tight stops depending on how many pips one is willing to h'iss into the wind..
long range flyers need to be patient & lookout for sustained weekly closes above 1.35 or below 1.31 for range break marching clues..
van Gecko 07:06 GMT April 20, 2004
why wait for uncle Greenie to speak tommarrow for funny dollar direction clues? the majors are again at good values levels vs the dollar here for brave near term contrarians..
on the other hand, may be keep buying inflated dollars here at its s/t cycle high will be vely rewarding when the 'trend' is so obvious to the Herbies & 1.15 euro/usd is a given to some 'me too' guru analysts.. fwiw..
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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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