Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, August 26, 2004
van Gecko 13:40 GMT August 26, 2004
All Major/Jpy crosses are at vely good scale in accumulation levels here.. use Usd/Jpy 109.00/10 (if seen) as a "bargain" baseline reference..
near term, all Jpy crosses will correct with their Major counterparts while Usd/Jpy languish down here at the Geisha dog house..fwiw..
Cheerios..
Syd EM 07:11 GMT August 26, 2004
van Gecko thanks
van Gecko 07:09 GMT August 26, 2004
Short/Mid/Term positional players are given good buy levels for the European trios & the Downunder twins here compliment of Gold's mini correction of its $30 rise from the recent 385 swing low.. a weekly & monthly close above 405 this week could be the trigger for another $80 labor day to year end long march up to the 450's..
needless to say, the Majors would follow Gold like Pavlov's dog up to new heights..
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..
All Major/Jpy crosses are at vely good scale in accumulation levels here.. use Usd/Jpy 109.00/10 (if seen) as a "bargain" baseline reference..
near term, all Jpy crosses will correct with their Major counterparts while Usd/Jpy languish down here at the Geisha dog house..fwiw..
Cheerios..
Syd EM 07:11 GMT August 26, 2004
van Gecko thanks
van Gecko 07:09 GMT August 26, 2004
Short/Mid/Term positional players are given good buy levels for the European trios & the Downunder twins here compliment of Gold's mini correction of its $30 rise from the recent 385 swing low.. a weekly & monthly close above 405 this week could be the trigger for another $80 labor day to year end long march up to the 450's..
needless to say, the Majors would follow Gold like Pavlov's dog up to new heights..
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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