Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, February 23, 2005
River Falls_USA_ PB 16:05 GMT February 23, 2005
van Gecko 16:01 ///thanks...
van Gecko 16:01 GMT February 23, 2005
Revdax 15:32.. unfortunately Chinese Valentine come a day late as there was not love lost for all those who got wiped out by yesterday's market aberration.. that said, with yesterday's high capping, euro is 50 pips away from painting a rare "Daily Double Gravestone" embedded within a modified "4 bar Monthly Sell Fractal".. a vely rare L/M/Term topping/reversal formation..
euro @1.3250
HK REVDAX 15:32 GMT February 23, 2005
HK Kevin 13:12 GMT//There will be NO another round of $ sell-off tonight. It is the Chinese Valentine's Day today, and a full moon day...and a day to take a rest ***for what went up yesterday.
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 16:01 ///thanks...
van Gecko 16:01 GMT February 23, 2005
Revdax 15:32.. unfortunately Chinese Valentine come a day late as there was not love lost for all those who got wiped out by yesterday's market aberration.. that said, with yesterday's high capping, euro is 50 pips away from painting a rare "Daily Double Gravestone" embedded within a modified "4 bar Monthly Sell Fractal".. a vely rare L/M/Term topping/reversal formation..
euro @1.3250
HK REVDAX 15:32 GMT February 23, 2005
HK Kevin 13:12 GMT//There will be NO another round of $ sell-off tonight. It is the Chinese Valentine's Day today, and a full moon day...and a day to take a rest ***for what went up yesterday.
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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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