Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, June 18, 2004
Varna GV 12:47 GMT June 18, 2004
I'm watching many people on this forum make a predictions, but Gecko and BC are the best, the most harder thing in this bussines is to stay behind you own predictions, no matter what the others says!!!
Good luck for all !!!
Belgrade Knez 10:40 GMT June 18, 2004
van Gecko 09:34 GMT June 18, 2004
Great call on aud.
Thanks.
van Gecko 09:34 GMT June 18, 2004
a good risk '30 pip piker stop' Aussie baby bull trade..
buy AUD/USD @ market (.6828) stop .6798
could paid 4 to 1 one day, 12 to 1 short term, & 28 to 1 mid term for patient Kangaroo long marchers..fwiw
'ZA'ngaroo's bull/bear power ratio'..?
van Gecko 06:51 GMT June 18, 2004
EUR/AUD is looking like the front running 'Master Diver' among the major lead crosses..
the last time it was up here at these lofty heights was in Aug of last year when a 1000 pip dive down to 1.67 send the Aussi & Euro up on their merry go climb from .6400 & 1.08..
Cheerio..
van Gecko 05:56 GMT June 18, 2004
EUR/AUD is itching to kiss 1.73..
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..
I'm watching many people on this forum make a predictions, but Gecko and BC are the best, the most harder thing in this bussines is to stay behind you own predictions, no matter what the others says!!!
Good luck for all !!!
Belgrade Knez 10:40 GMT June 18, 2004
van Gecko 09:34 GMT June 18, 2004
Great call on aud.
Thanks.
van Gecko 09:34 GMT June 18, 2004
a good risk '30 pip piker stop' Aussie baby bull trade..
buy AUD/USD @ market (.6828) stop .6798
could paid 4 to 1 one day, 12 to 1 short term, & 28 to 1 mid term for patient Kangaroo long marchers..fwiw
'ZA'ngaroo's bull/bear power ratio'..?
van Gecko 06:51 GMT June 18, 2004
EUR/AUD is looking like the front running 'Master Diver' among the major lead crosses..
the last time it was up here at these lofty heights was in Aug of last year when a 1000 pip dive down to 1.67 send the Aussi & Euro up on their merry go climb from .6400 & 1.08..
Cheerio..
van Gecko 05:56 GMT June 18, 2004
EUR/AUD is itching to kiss 1.73..
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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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