Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, April 27, 2005
hk ab 16:57 GMT April 27, 2005
Our goose expert Gecko, what's your view on the geese marcher?
London. 06:40 GMT April 27, 2005
philadelphia cnp cheers, think we should be hearing a little more from Gecko soon
philadelphia cnp 06:35 GMT April 27, 2005
sell out mode and eur not rebouncing.....$ momentum too strong
philadelphia cnp 06:32 GMT April 27, 2005
we are not going to see 2950 for a while now......trend is down and momentum
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..
Our goose expert Gecko, what's your view on the geese marcher?
London. 06:40 GMT April 27, 2005
philadelphia cnp cheers, think we should be hearing a little more from Gecko soon
philadelphia cnp 06:35 GMT April 27, 2005
sell out mode and eur not rebouncing.....$ momentum too strong
philadelphia cnp 06:32 GMT April 27, 2005
we are not going to see 2950 for a while now......trend is down and momentum
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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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