Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, November 08, 2004
perrie como 13:25 GMT November 8, 2004
Yes Gecko waiting Usd/Jpy between 104.50 to 102 this week...Chicago is historically record short of dollars against all....This smellllllllls
van Gecko 13:20 GMT November 8, 2004
"Sixty percent of the traders, strategists and investors questioned on Nov. 5 from Tokyo to New York advised selling the dollar against the euro. Participants also said the U.S. currency will likely drop versus the yen, British pound, Swiss franc and Australian dollar.
bloomberg"
sweet music for Dollar bulls & bears..
QDN @ prime time ..
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..
Yes Gecko waiting Usd/Jpy between 104.50 to 102 this week...Chicago is historically record short of dollars against all....This smellllllllls
van Gecko 13:20 GMT November 8, 2004
"Sixty percent of the traders, strategists and investors questioned on Nov. 5 from Tokyo to New York advised selling the dollar against the euro. Participants also said the U.S. currency will likely drop versus the yen, British pound, Swiss franc and Australian dollar.
bloomberg"
sweet music for Dollar bulls & bears..
QDN @ prime time ..
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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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