Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, June 24, 2004
van Gecko 12:08 GMT June 24, 2004
'Cold_Feet_titist' now spreading..
rampant among the Dollar/Cad bull camp.. the Aussie bear camp may be next..
watch out for falling Goose dungs from the sky..
van Gecko 08:52 GMT June 24, 2004
a sub 108 Usd/Jpy does not bore well for Euro Bottom Feeding Club members hoping for 1.19..
Euro & her Majesty Gbp building shortie 'KITA' kinetics..
Cherrios..
Belgrad KZ 13:52 GMT June 21, 2004
BTW great call van Gecko for USD/CAD!
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..
'Cold_Feet_titist' now spreading..
rampant among the Dollar/Cad bull camp.. the Aussie bear camp may be next..
watch out for falling Goose dungs from the sky..
van Gecko 08:52 GMT June 24, 2004
a sub 108 Usd/Jpy does not bore well for Euro Bottom Feeding Club members hoping for 1.19..
Euro & her Majesty Gbp building shortie 'KITA' kinetics..
Cherrios..
Belgrad KZ 13:52 GMT June 21, 2004
BTW great call van Gecko for USD/CAD!
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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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