Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, October 20, 2004
prague viktor 08:31 GMT October 20, 2004
van Gecko ....you were right mate ..it was the end last friday G/L G/T
van Gecko 08:24 GMT October 20, 2004
Dollaryen breaking 109 adds fuel & credibility to euro's break of the 6 month range..
Speculative Positioning Index is no holy grail, its the size of the deal that count as theres no democracy in fx.. there will always be some lucky specs to tag along the back of elephants for the ride in any trend but the majority of market participants are trend contrarians.. fwiw
cheerios..
Ldn 07:41 GMT October 20, 2004
Latest reading on the bank's Speculative Positioning Index shows EUR specs holding net long positions at 70% of the biggest long in the last year , I suppose market waiting for it to get to 100%
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 ....you were right mate ..it was the end last friday G/L G/T
van Gecko 08:24 GMT October 20, 2004
Dollaryen breaking 109 adds fuel & credibility to euro's break of the 6 month range..
Speculative Positioning Index is no holy grail, its the size of the deal that count as theres no democracy in fx.. there will always be some lucky specs to tag along the back of elephants for the ride in any trend but the majority of market participants are trend contrarians.. fwiw
cheerios..
Ldn 07:41 GMT October 20, 2004
Latest reading on the bank's Speculative Positioning Index shows EUR specs holding net long positions at 70% of the biggest long in the last year , I suppose market waiting for it to get to 100%
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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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