Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, February 24, 2005
Syd 07:23 GMT February 24, 2005
Lyons Lion 07:13 I was looking for around 7777 may be later today if the US GDP is good, and the name your looking for is Shanghai BC think he would have seen it coming, probably Gecko too but he is now looking for a reverse
Lyons Lion 07:13 GMT February 24, 2005
The "Sell Dollar" saga continues - another bad IFO number couldnot shake the dollar bears (sic euro bulls) and the manupulation story found in a link on FF earlier today gains credence. Havent seen fundamentals being so brazenly defied and each day one gets see higher highs. When will this so called aberration end. What about those of you who have short aussie and kiwi cash - you must be incurring a whoppy carry cost - unless markets moves down by many big figs, profits must be not worth the risk. need to know one name in this forum who saw this oz and kiwi rally much before and didnt short these pairs unlike the many Pros... Need a crash course on currency dynamics that defies funamentals... anyone there!!!
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..
Lyons Lion 07:13 I was looking for around 7777 may be later today if the US GDP is good, and the name your looking for is Shanghai BC think he would have seen it coming, probably Gecko too but he is now looking for a reverse
Lyons Lion 07:13 GMT February 24, 2005
The "Sell Dollar" saga continues - another bad IFO number couldnot shake the dollar bears (sic euro bulls) and the manupulation story found in a link on FF earlier today gains credence. Havent seen fundamentals being so brazenly defied and each day one gets see higher highs. When will this so called aberration end. What about those of you who have short aussie and kiwi cash - you must be incurring a whoppy carry cost - unless markets moves down by many big figs, profits must be not worth the risk. need to know one name in this forum who saw this oz and kiwi rally much before and didnt short these pairs unlike the many Pros... Need a crash course on currency dynamics that defies funamentals... anyone there!!!
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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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