Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, May 24, 2004
van Gecko 13:21 GMT May 21, 2004
under 1.29 is fatal for Dollar/chf..
1.2650 may be the gateway to mid term bliss for the little dollar to take a siesta down at 1.2150.. 1.1111..
van Gecko 05:26 GMT May 21, 2004
islander.. Euro bulls camping out all week above the 21 day ma for the first time since February may be the sign that frustrated Dollar bulls are ready to pack it in & say good bye to this fruitless range..
van Gecko 02:27 GMT May 21, 2004
Euro is kissing good bye (yes, good buy) to May, the underlying market dynamics is presenting a good window of opportunty for big bad bulls to send it on its merry way above 1.21/22 ..
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..
under 1.29 is fatal for Dollar/chf..
1.2650 may be the gateway to mid term bliss for the little dollar to take a siesta down at 1.2150.. 1.1111..
van Gecko 05:26 GMT May 21, 2004
islander.. Euro bulls camping out all week above the 21 day ma for the first time since February may be the sign that frustrated Dollar bulls are ready to pack it in & say good bye to this fruitless range..
van Gecko 02:27 GMT May 21, 2004
Euro is kissing good bye (yes, good buy) to May, the underlying market dynamics is presenting a good window of opportunty for big bad bulls to send it on its merry way above 1.21/22 ..
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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