Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, January 09, 2006
hk ab 10:54 GMT January 9, 2006
Gecko//many thanks, was away.
Think usd bear has an uneasy feeling on dlr/cad surprises.
van Gecko 07:08 GMT January 9, 2006
ab.. SOB'ing anything in the vicinity of 1.2150/1.2250 may be money in the new year piggy bank.. euro need to sustain multiple weekly closes above 1.23 inorder to have any hope of seeing 1.26/1.28 this year.. cheerios..
hk ab 06:32 GMT January 9, 2006
Gecko//More explicit hints plz? :D
van Gecko 06:09 GMT January 9, 2006
"09:08 GMT March 30, 2005
The Dollar regaining USDX 86 in April could start the Euro on its L/T journey to here.. "
the Dollar had regained USDX 86 & the link had expired.. so, after euro's imminent M/T date with 1.13 its L/T fate may be 'linked' to expiration ?
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..
Gecko//many thanks, was away.
Think usd bear has an uneasy feeling on dlr/cad surprises.
van Gecko 07:08 GMT January 9, 2006
ab.. SOB'ing anything in the vicinity of 1.2150/1.2250 may be money in the new year piggy bank.. euro need to sustain multiple weekly closes above 1.23 inorder to have any hope of seeing 1.26/1.28 this year.. cheerios..
hk ab 06:32 GMT January 9, 2006
Gecko//More explicit hints plz? :D
van Gecko 06:09 GMT January 9, 2006
"09:08 GMT March 30, 2005
The Dollar regaining USDX 86 in April could start the Euro on its L/T journey to here.. "
the Dollar had regained USDX 86 & the link had expired.. so, after euro's imminent M/T date with 1.13 its L/T fate may be 'linked' to expiration ?
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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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