Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, April 26, 2005
Haifa ac 11:19 GMT April 26, 2005
van Gecko 10:42 GMT // You CANNOT save souls who insist on Self Destruct (S&D= Supply and Demand).
van Gecko 10:42 GMT April 26, 2005
victoria sOs 10:12.. thats when a funnymental induced SOS (Sell On Stop) trade turn into a real SOS situation.. while a SOB (Sell On Blip) trade under the prevailing technical bias would had been a better tactic..:))
victoria sOs 10:12 GMT April 26, 2005
Trading Fx depending entirely on economic data release is better than using technical analysis alone and that from my very personal view.
Although in many times market misinterpret certain data and move vigourously on one direction then within seconds fall sharply on the opposite side taking off all stop levels.So Fx is like a beast and one should be very careful in dealing with it.
van Gecko 10:09 GMT April 26, 2005
both Euro guide dogs now seems to be on the verge of kicking into high sliding gear with Eur/Jpy doing this Acapulco style cliff diving act on the back of the front running Eur/Gbp..
with 2 months of hard Eur/Jpy bull work wasted in the last 3 days, below 1.36 this time may not be a pretty sight for the Euro bull camps..(Euro vs Usd, Jpy, & Gbp)..
Cheerios..
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 10:42 GMT // You CANNOT save souls who insist on Self Destruct (S&D= Supply and Demand).
van Gecko 10:42 GMT April 26, 2005
victoria sOs 10:12.. thats when a funnymental induced SOS (Sell On Stop) trade turn into a real SOS situation.. while a SOB (Sell On Blip) trade under the prevailing technical bias would had been a better tactic..:))
victoria sOs 10:12 GMT April 26, 2005
Trading Fx depending entirely on economic data release is better than using technical analysis alone and that from my very personal view.
Although in many times market misinterpret certain data and move vigourously on one direction then within seconds fall sharply on the opposite side taking off all stop levels.So Fx is like a beast and one should be very careful in dealing with it.
van Gecko 10:09 GMT April 26, 2005
both Euro guide dogs now seems to be on the verge of kicking into high sliding gear with Eur/Jpy doing this Acapulco style cliff diving act on the back of the front running Eur/Gbp..
with 2 months of hard Eur/Jpy bull work wasted in the last 3 days, below 1.36 this time may not be a pretty sight for the Euro bull camps..(Euro vs Usd, Jpy, & Gbp)..
Cheerios..
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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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