Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, August 31, 2005
Miami OMIL (/:-> 20:39 GMT August 31, 2005
Good to see some old and older time posters LOL leaving some comments in the forum once in a while.
van Gecko Hope you are well hope to see more comments from you in the near future. GT
van Gecko 18:48 GMT August 31, 2005
hk ab 14:26.. contrary to popular views, commodities are painting a cloudy Q4 picture for m/t dollar bears.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones..
euro @1.2350
hk ab 14:26 GMT August 31, 2005
Gecko//if you are around, what do you expect for the post-summer trade?
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..
Good to see some old and older time posters LOL leaving some comments in the forum once in a while.
van Gecko Hope you are well hope to see more comments from you in the near future. GT
van Gecko 18:48 GMT August 31, 2005
hk ab 14:26.. contrary to popular views, commodities are painting a cloudy Q4 picture for m/t dollar bears.. expect 1.26/1.18 euro/usd to tease & waste bulls & bears for a few more months prior to the next m/t leg down to the 1.15/13.. Parity/.98 zones..
euro @1.2350
hk ab 14:26 GMT August 31, 2005
Gecko//if you are around, what do you expect for the post-summer trade?
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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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