Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 22, 2005
la oleg 17:52 GMT September 22, 2005
van Gecko -- thanks for 17:10.
so far this month we've done just over 300 pips range. sept. avg for last 2 years was about 600, last 5 years almost 500. next week should prove to be interesting for usd/cad.
good trades to you.
van Gecko 17:10 GMT September 22, 2005
Spotforex NY 16:21.. good day... indeed, europhile bulls seems to be trying vely hard this week to defy m/t gravity.. may be its that "dreaded Q4'04 retentive memory" syndrome at work again..
gl
Haifa ac 16:17.. good day... you could be right as we share similiar views with my 18:48 GMT August 31..
gl
la oleg 16:22.. good day... thank you for sharing your usd/cad views.. imo short term aberration between the Goose & the Greenback are good risk med/long term opportunities..
gl.
la oleg 16:22 GMT September 22, 2005
van Gecko -- good day... your views on usd/cad in light of the break of 1.17 would be much appreciated.
Spotforex NY 16:21 GMT September 22, 2005
van Gecko 16:09
for the moment the Euro is 'safe' as the 1.2100/20 level has held on my system.....
NY close is the next crucial hour on a close basis......
Haifa ac 16:17 GMT September 22, 2005
van Gecko 16:09 GMT //Afraid your timing is off here. This looks more like 2006 thingy. Euro should continue to meander in the 120 for a few more months. But, that, of course, what makes the market.
van Gecko 16:09 GMT September 22, 2005
not to be outdone by Katrina, euro is doing its best to go down in FX history..
the Great September Slide of '05.. in the making..
1.26~1.21 ~"1.18"~ 8 days left..
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 -- thanks for 17:10.
so far this month we've done just over 300 pips range. sept. avg for last 2 years was about 600, last 5 years almost 500. next week should prove to be interesting for usd/cad.
good trades to you.
van Gecko 17:10 GMT September 22, 2005
Spotforex NY 16:21.. good day... indeed, europhile bulls seems to be trying vely hard this week to defy m/t gravity.. may be its that "dreaded Q4'04 retentive memory" syndrome at work again..
gl
Haifa ac 16:17.. good day... you could be right as we share similiar views with my 18:48 GMT August 31..
gl
la oleg 16:22.. good day... thank you for sharing your usd/cad views.. imo short term aberration between the Goose & the Greenback are good risk med/long term opportunities..
gl.
la oleg 16:22 GMT September 22, 2005
van Gecko -- good day... your views on usd/cad in light of the break of 1.17 would be much appreciated.
Spotforex NY 16:21 GMT September 22, 2005
van Gecko 16:09
for the moment the Euro is 'safe' as the 1.2100/20 level has held on my system.....
NY close is the next crucial hour on a close basis......
Haifa ac 16:17 GMT September 22, 2005
van Gecko 16:09 GMT //Afraid your timing is off here. This looks more like 2006 thingy. Euro should continue to meander in the 120 for a few more months. But, that, of course, what makes the market.
van Gecko 16:09 GMT September 22, 2005
not to be outdone by Katrina, euro is doing its best to go down in FX history..
the Great September Slide of '05.. in the making..
1.26~1.21 ~"1.18"~ 8 days left..
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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