Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, October 22, 2004
Singapore Sfx 10:12 GMT October 22, 2004
tks van Gecko .. cheers.
van Gecko 09:56 GMT October 22, 2004
Singapore Sfx.. if you're short & happy, run a tight 100 pip trail stop & try taking some off down at 1.2200/50.. still not vely nice to go long with Euro having caught up & breaking the 6 month range..
cheers..
Singapore Sfx 09:41 GMT October 22, 2004
van Gecko ... Any extreme usdcad downside tgts from here pls ? tia.
van Gecko 09:35 GMT October 22, 2004
Pecs Andras.. Dollaryen breaking 109 had added fuel & credibility to euro's break of the 6 month range.. may see some bounce infront of 107/106.50 after diving for a month from 112, but accidents can always happen if the dollar decides to make a beeline down south..(ie. ala DollarCanada)
Pecs Andras 09:14 GMT October 22, 2004
van Gecko 09:09 GMT October 22, 2004
How about dollar/yen? Do you still see it as a buy?
van Gecko 09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg..
that eccentric old fella Gbp saying good buy to those sub 1.80 summer levels had now attracted additional players waiting to buy dips infront of 1.81 to join ranks with her Majesty's loyal soldiers on their merry long march back to the year highs..
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..
tks van Gecko .. cheers.
van Gecko 09:56 GMT October 22, 2004
Singapore Sfx.. if you're short & happy, run a tight 100 pip trail stop & try taking some off down at 1.2200/50.. still not vely nice to go long with Euro having caught up & breaking the 6 month range..
cheers..
Singapore Sfx 09:41 GMT October 22, 2004
van Gecko ... Any extreme usdcad downside tgts from here pls ? tia.
van Gecko 09:35 GMT October 22, 2004
Pecs Andras.. Dollaryen breaking 109 had added fuel & credibility to euro's break of the 6 month range.. may see some bounce infront of 107/106.50 after diving for a month from 112, but accidents can always happen if the dollar decides to make a beeline down south..(ie. ala DollarCanada)
Pecs Andras 09:14 GMT October 22, 2004
van Gecko 09:09 GMT October 22, 2004
How about dollar/yen? Do you still see it as a buy?
van Gecko 09:09 GMT October 22, 2004
the Europeans curriencies had now level shifted vs the Dollar..
bulls & bears can expect some near term 'blip & tease consolidation' by the Dollar prior to pushing down to the next zzz'iesta leg..
that eccentric old fella Gbp saying good buy to those sub 1.80 summer levels had now attracted additional players waiting to buy dips infront of 1.81 to join ranks with her Majesty's loyal soldiers on their merry long march back to the year highs..
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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