Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 09, 2004
Ldn 07:38 GMT September 9, 2004
van Gecko many thanks for that much appreciated
van Gecko 07:33 GMT September 9, 2004
Ldn 07:10..
"..13:03 GMT September 2, 2004
levels from here down to Aud .6950 & Nzd .6450 if seen are good buys for pikers & positional players.. these rare inter-market abberations induced levels may not be seen again after this week.."
no change in view.. Nzd may had said good bye to .6450, but Aud are still at good buy levels..
in particular, selling EUR/AUD up here may be a faster way to get more pips into the fx piggybank while Euro wait for the Kangaroo to do its catch up hops..fwiw..
Ldn 07:10 GMT September 9, 2004
van Gecko can you give your view on AUd thnks
van Gecko 07:07 GMT September 9, 2004
the Dollar is saying "Sayonara summer, I am taking another Siesta in September.."
next stop for the Dollar is down @ 87 with the immenient break of Dollar Index 88.80..
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..
van Gecko many thanks for that much appreciated
van Gecko 07:33 GMT September 9, 2004
Ldn 07:10..
"..13:03 GMT September 2, 2004
levels from here down to Aud .6950 & Nzd .6450 if seen are good buys for pikers & positional players.. these rare inter-market abberations induced levels may not be seen again after this week.."
no change in view.. Nzd may had said good bye to .6450, but Aud are still at good buy levels..
in particular, selling EUR/AUD up here may be a faster way to get more pips into the fx piggybank while Euro wait for the Kangaroo to do its catch up hops..fwiw..
Ldn 07:10 GMT September 9, 2004
van Gecko can you give your view on AUd thnks
van Gecko 07:07 GMT September 9, 2004
the Dollar is saying "Sayonara summer, I am taking another Siesta in September.."
next stop for the Dollar is down @ 87 with the immenient break of Dollar Index 88.80..
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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