Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, April 28, 2005
van Gecko 10:28 GMT April 28, 2005
the great Canadian Geese may be on the verge of laying a "Golden Cross" egg after flying in a wide range bottoming formation over the last 5 months.. Euro converged with the Goose & crossed over at 1.25 to start its Q4 climb up to 1.36 shortly after Usd/Cad had its Golden Cross down to 1.17 last year.. Usd/Cad penetrating 1.25 this time and closing the month above 1.2450 could level shift the Goose up to the next m/t levels.. flying up at the "1.25/1.30 Golden Cross" skies..
historically, when the Goose fly.. the Euro dive..
Cheerios.. ab..:)
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..
the great Canadian Geese may be on the verge of laying a "Golden Cross" egg after flying in a wide range bottoming formation over the last 5 months.. Euro converged with the Goose & crossed over at 1.25 to start its Q4 climb up to 1.36 shortly after Usd/Cad had its Golden Cross down to 1.17 last year.. Usd/Cad penetrating 1.25 this time and closing the month above 1.2450 could level shift the Goose up to the next m/t levels.. flying up at the "1.25/1.30 Golden Cross" skies..
historically, when the Goose fly.. the Euro dive..
Cheerios.. ab..:)
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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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