Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, January 10, 2005
shanghai bc 00:21 GMT January 10, 2005
FXNEW -- Good morning..The front-wheel of Eur/Usd Mercedes is Eur/Jpy..The front-wheel is falling off now thanks to seasonal factor..Hundreds of billions of Dollars and Euros will be coming home in Q1..Being combined with stiff support in USX 80,the line of resistence is reasonably clear for Q1..But Dollar is not on a rocket either and most likely to keep falling after the seasonal factor and oversold factor wears off..Good trades..
shanghai bc 23:54 GMT January 9, 2005
VIIES -- Good morning..I would put on Eur/Usd 1.2900--1.3500 DNT for this month..For whole of 1Q,Dollar is likely to rise a bit more towards Eur/Usd 1.2500..Good trades..
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..
FXNEW -- Good morning..The front-wheel of Eur/Usd Mercedes is Eur/Jpy..The front-wheel is falling off now thanks to seasonal factor..Hundreds of billions of Dollars and Euros will be coming home in Q1..Being combined with stiff support in USX 80,the line of resistence is reasonably clear for Q1..But Dollar is not on a rocket either and most likely to keep falling after the seasonal factor and oversold factor wears off..Good trades..
shanghai bc 23:54 GMT January 9, 2005
VIIES -- Good morning..I would put on Eur/Usd 1.2900--1.3500 DNT for this month..For whole of 1Q,Dollar is likely to rise a bit more towards Eur/Usd 1.2500..Good trades..
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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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