Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, November 09, 2004
HK RF@ 12:46 GMT November 9, 2004
van Gecko 10:14 GMT November 9, 2004
Indeed very similar price action to that in January.
Thanks for that reminder.
van Gecko 10:14 GMT November 9, 2004
HK RF@ 09:26.. good pointz.. a repeat of the Jan 11 scenario would certainly make life interesting for most..
euro probing new highz.. the duckz start singing.. the 'fat man' sing..
boom! the bearz pouncz.. bullz get cold_feet_titistz ..
5 days & 5 figures later 'balance is restored' & almost everyone is happy.. the cycle repeats..
1.2850 could be the trigger..
Cheerioz..
HK RF@ 09:26 GMT November 9, 2004
What can worry more the boyz responsible for the last $$$_bear.
*Gold breaks above 15_years Res. and fuss out fast
* Euro_fuss out B4 1.3000
*gbp_break-through Res. line, part of a long term daily Triangle and die out.
So now those boyz looking for suckers on both side of the trade to victimize in a narrow range trade.
They worry of an upward move because of intervention.
And a down move to the deep abyss.
But one think good have they done now!!!
They are stabilizing for the time the dollar like a fearing man walking on a rope, and prove the world that there is a limit to the move.
And there is more!!!
If they fall of the rope the $$$ may rebound and bring some more investments for the time to the US, thus they may even indirectly contribute to a trade deficit reduction for this month.
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 10:14 GMT November 9, 2004
Indeed very similar price action to that in January.
Thanks for that reminder.
van Gecko 10:14 GMT November 9, 2004
HK RF@ 09:26.. good pointz.. a repeat of the Jan 11 scenario would certainly make life interesting for most..
euro probing new highz.. the duckz start singing.. the 'fat man' sing..
boom! the bearz pouncz.. bullz get cold_feet_titistz ..
5 days & 5 figures later 'balance is restored' & almost everyone is happy.. the cycle repeats..
1.2850 could be the trigger..
Cheerioz..
HK RF@ 09:26 GMT November 9, 2004
What can worry more the boyz responsible for the last $$$_bear.
*Gold breaks above 15_years Res. and fuss out fast
* Euro_fuss out B4 1.3000
*gbp_break-through Res. line, part of a long term daily Triangle and die out.
So now those boyz looking for suckers on both side of the trade to victimize in a narrow range trade.
They worry of an upward move because of intervention.
And a down move to the deep abyss.
But one think good have they done now!!!
They are stabilizing for the time the dollar like a fearing man walking on a rope, and prove the world that there is a limit to the move.
And there is more!!!
If they fall of the rope the $$$ may rebound and bring some more investments for the time to the US, thus they may even indirectly contribute to a trade deficit reduction for this month.
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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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