Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, May 06, 2004
van Gecko 11:18 GMT May 6, 2004
market moving dollar bulls may had lost interest in top feeding the Dollar after spending tons of ammo in April pushing the euro_swissy twins with little or no return.. (may be some had over-heard Confuse_cious mumble "Fx_elephants who chooses to stand in front of Yearly, Monthly, Weekly, & Daily Falling Dollar Knives may soon lose weight & have ever-lasting peace away from FX"..?)
;
this week's break under 1.29 is fatal for Dollar/chf..
the little dollar looks exhausted after repeated failures to over-shoot 1.31 in April..
with 1.2888 acting like a stonewall to heaven, 1.2650 may be the gateway to mid term bliss for the little dollar down at 1.2150.. 1.1111..
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..
market moving dollar bulls may had lost interest in top feeding the Dollar after spending tons of ammo in April pushing the euro_swissy twins with little or no return.. (may be some had over-heard Confuse_cious mumble "Fx_elephants who chooses to stand in front of Yearly, Monthly, Weekly, & Daily Falling Dollar Knives may soon lose weight & have ever-lasting peace away from FX"..?)
;
this week's break under 1.29 is fatal for Dollar/chf..
the little dollar looks exhausted after repeated failures to over-shoot 1.31 in April..
with 1.2888 acting like a stonewall to heaven, 1.2650 may be the gateway to mid term bliss for the little dollar down at 1.2150.. 1.1111..
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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