Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 30, 2004
van Gecko 09:03 GMT September 30, 2004
re. 00:59 GMT..
while those levels may had said good bye to m/t Dollar bears, Gbp/Usd down here at the 1.79's is still a good buy for her Majesty's royal Q4 long marching soldiers under the prevailing market dynamics..
van Gecko 00:59 GMT September 30, 2004
With Gold pushing to break $425 & the Dollar getting ready to break 88, Dollar bears may be singing "Good Bye to Good Buys" as September is saying Good Bye..
some Good Buy levels in September which may not be seen again in 2004;
Eur/Usd 1.20
Cad/Usd 1.30
Nzd/Usd .6450
Aud/Usd .6950..
lotsa Cheerios for all in October..
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..
re. 00:59 GMT..
while those levels may had said good bye to m/t Dollar bears, Gbp/Usd down here at the 1.79's is still a good buy for her Majesty's royal Q4 long marching soldiers under the prevailing market dynamics..
van Gecko 00:59 GMT September 30, 2004
With Gold pushing to break $425 & the Dollar getting ready to break 88, Dollar bears may be singing "Good Bye to Good Buys" as September is saying Good Bye..
some Good Buy levels in September which may not be seen again in 2004;
Eur/Usd 1.20
Cad/Usd 1.30
Nzd/Usd .6450
Aud/Usd .6950..
lotsa Cheerios for all in October..
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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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