Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, October 14, 2005
jkt-aye 16:10 GMT October 14, 2005
Thank you, Van Gecko.
van Gecko 15:38 GMT October 14, 2005
jkt-aye.. good day.. dollaryen may be the front runner to take the dollar up to the next m/t level.. good support infront of 111.50/112 ->116-->120 m/t..
jkt-aye 15:21 GMT October 14, 2005
good day Gecko. is there any magical # on usjy ? good trades
van Gecko 15:16 GMT October 14, 2005
"cold_feet_titist" setting in for some top heavy gold bugs.. who wants to be the last big sucker to buy Gold up at $470 and watch it dive 30 to 40 big bucks from up here ?
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..
Thank you, Van Gecko.
van Gecko 15:38 GMT October 14, 2005
jkt-aye.. good day.. dollaryen may be the front runner to take the dollar up to the next m/t level.. good support infront of 111.50/112 ->116-->120 m/t..
jkt-aye 15:21 GMT October 14, 2005
good day Gecko. is there any magical # on usjy ? good trades
van Gecko 15:16 GMT October 14, 2005
"cold_feet_titist" setting in for some top heavy gold bugs.. who wants to be the last big sucker to buy Gold up at $470 and watch it dive 30 to 40 big bucks from up here ?
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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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