Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, May 19, 2005
Beijing Laowen 11:47 GMT May 19, 2005
van Gecko 10:51 GMT May 19, 2005 //
Thank you very much,mate! I have seen you as a legendary master here.
Frankly I am holding a short of Eur/Gbp from 0.6889 and a Short Gbp/Chf from 1.2405 this morning,meant to intraday trade Short Gbp/Chf and M/T SS Eur/Gbp. My SAR on Short Gbp/Chf was on 1.2435 offer and now I am BS Gbp/Chf and SS Eur/Gbp. Seeing Gbp/Chf's intrady range was more than 200 pips a day made me a little sensitive.
Your comments made me comfortable and thanks a lot!
van Gecko 10:51 GMT May 19, 2005
Beijing Laowen 08:52.. the current eur/gbp gbp/chf levels offer very good r/r for m/t traders of various size & temperment across the board.. if your preference is for Gbp/Chf, watch the 2.26 & 2.23 lines like a hawk..@_@.. the m/t upside bias since the start of the year is intact unless the cross fails to regain 2.26 & sustain weekly closes below 2.23.. its very hard (may be impossible) to micro manage risks & survive in this biz under the constraint of a small leverage account since trading is more like an art rather than science..gl..
hk ab 09:37.. Usd/Cad is on the verge of confirming the 'Golden Cross' goose egg per my 10:28 GMT April 28.. have a loose & goosy flight to 1.30 & beyond..
hk ab 09:37 GMT May 19, 2005
van Gecko 08:28 GMT May 19, 2005
Very right timing post and I can long more dlr/cad at 1.26.....
Beijing Laowen 08:52 GMT May 19, 2005
van Gecko 08:28 GMT May 19, 2005//
Thanks mate! However, as Gbp/Chf's moving range is too big,a leveraged account cannot bear it without S/L. What's your view on the S/L for these SS and BS trades? Thanks and GL
van Gecko 08:28 GMT May 19, 2005
After breaking throught key m/t levels, shell-shocked Dollar bears can expect some near term relief while the Dollar consolidate & gather more liquidity for the next up leg.. Dollar bounces in front of Usd/Cad 1.25 & Usd/Chf 1.21 from here are good USD buys for the near & m/t..
Beijing Laowen.. Gbp/Usd leading the free fall below the 200dma while the Euro/Swissy twin hugged each other around the line before catching down to her Majesty had given old & new member of the 'Eur/Gbp Gbp/Chf Snoozer Club' good m/t SS & BS levels.. from here, Gbp may get better support & lead her Continental cousins for a bounce back towards the 200dma which could limit the Eur&Chf's recent gains vs her Majesty & reward those patient SS/BS players snoozing towards the .6500/2.4000 m/t targets..
Cheerios..
Beijing Laowen 08:57 GMT May 18, 2005
van Gecko, are you around? Do you still see the current levels are better levels for SS Eur/Gbp and BS Gbp/Chf? Thanks and all the best~
EU ZORRO 08:53 GMT May 18, 2005
Good morning Saloniko...!!!
...don't forget the real masters...Gecko, Quindex and BC...
Good trades
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 10:51 GMT May 19, 2005 //
Thank you very much,mate! I have seen you as a legendary master here.
Frankly I am holding a short of Eur/Gbp from 0.6889 and a Short Gbp/Chf from 1.2405 this morning,meant to intraday trade Short Gbp/Chf and M/T SS Eur/Gbp. My SAR on Short Gbp/Chf was on 1.2435 offer and now I am BS Gbp/Chf and SS Eur/Gbp. Seeing Gbp/Chf's intrady range was more than 200 pips a day made me a little sensitive.
Your comments made me comfortable and thanks a lot!
van Gecko 10:51 GMT May 19, 2005
Beijing Laowen 08:52.. the current eur/gbp gbp/chf levels offer very good r/r for m/t traders of various size & temperment across the board.. if your preference is for Gbp/Chf, watch the 2.26 & 2.23 lines like a hawk..@_@.. the m/t upside bias since the start of the year is intact unless the cross fails to regain 2.26 & sustain weekly closes below 2.23.. its very hard (may be impossible) to micro manage risks & survive in this biz under the constraint of a small leverage account since trading is more like an art rather than science..gl..
hk ab 09:37.. Usd/Cad is on the verge of confirming the 'Golden Cross' goose egg per my 10:28 GMT April 28.. have a loose & goosy flight to 1.30 & beyond..
hk ab 09:37 GMT May 19, 2005
van Gecko 08:28 GMT May 19, 2005
Very right timing post and I can long more dlr/cad at 1.26.....
Beijing Laowen 08:52 GMT May 19, 2005
van Gecko 08:28 GMT May 19, 2005//
Thanks mate! However, as Gbp/Chf's moving range is too big,a leveraged account cannot bear it without S/L. What's your view on the S/L for these SS and BS trades? Thanks and GL
van Gecko 08:28 GMT May 19, 2005
After breaking throught key m/t levels, shell-shocked Dollar bears can expect some near term relief while the Dollar consolidate & gather more liquidity for the next up leg.. Dollar bounces in front of Usd/Cad 1.25 & Usd/Chf 1.21 from here are good USD buys for the near & m/t..
Beijing Laowen.. Gbp/Usd leading the free fall below the 200dma while the Euro/Swissy twin hugged each other around the line before catching down to her Majesty had given old & new member of the 'Eur/Gbp Gbp/Chf Snoozer Club' good m/t SS & BS levels.. from here, Gbp may get better support & lead her Continental cousins for a bounce back towards the 200dma which could limit the Eur&Chf's recent gains vs her Majesty & reward those patient SS/BS players snoozing towards the .6500/2.4000 m/t targets..
Cheerios..
Beijing Laowen 08:57 GMT May 18, 2005
van Gecko, are you around? Do you still see the current levels are better levels for SS Eur/Gbp and BS Gbp/Chf? Thanks and all the best~
EU ZORRO 08:53 GMT May 18, 2005
Good morning Saloniko...!!!
...don't forget the real masters...Gecko, Quindex and BC...
Good trades
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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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