Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, December 15, 2005
Syd 01:41 GMT December 15, 2005
van Gecko 01:38 cheers and a merry christmas and great New Year.
van Gecko 01:38 GMT December 15, 2005
"07:18 GMT November 18, 2005
2005 may well be remembered as a vintage year in Euro's short history..
a year where it got Hooked in Q1.. Lined in Q2/3.. & "Sinked in Q4..?"
Euro's latest dead cat bounce stalling infront of major falling ma's & trendlines.. it could not go up when its lead crosses & gold was going up.. its near term fortune sure looks bleak now that the crosses & gold are embarking on a major correction..
with another week left till year end & an average December monthly range of 600 pips in recent years, a delayed catch-up olympic size dive behind the front running gold & crosses could flush out another round of bulls & finish the 'Sink job' in Q4..
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 01:38 cheers and a merry christmas and great New Year.
van Gecko 01:38 GMT December 15, 2005
"07:18 GMT November 18, 2005
2005 may well be remembered as a vintage year in Euro's short history..
a year where it got Hooked in Q1.. Lined in Q2/3.. & "Sinked in Q4..?"
Euro's latest dead cat bounce stalling infront of major falling ma's & trendlines.. it could not go up when its lead crosses & gold was going up.. its near term fortune sure looks bleak now that the crosses & gold are embarking on a major correction..
with another week left till year end & an average December monthly range of 600 pips in recent years, a delayed catch-up olympic size dive behind the front running gold & crosses could flush out another round of bulls & finish the 'Sink job' in Q4..
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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