Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, January 05, 2006
saloniko nk 15:52 GMT January 5, 2006
Van Gecko...
Best Wishes...
nice to meet all
nk...smile!
van Gecko 15:34 GMT January 5, 2006
euro coming out of snooze with this vely nice dead cat bounce.. a great set-up to repeat the "Great September Slide of '05"..
could be another 7 figure plus carry payout to start the new year for those lazy member of the 'Euro SS Brigade' (Sell & Snoozers)..
lotsa Cheerios & pips for all this year..
euro @1.2150
geneva ml 04:39 GMT January 4, 2006
van gecko, where do you see eur/usd pair going now.. thx
hk ab 01:59 GMT January 4, 2006
Gecko//your view of the year appreciated. GT.
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...
Best Wishes...
nice to meet all
nk...smile!
van Gecko 15:34 GMT January 5, 2006
euro coming out of snooze with this vely nice dead cat bounce.. a great set-up to repeat the "Great September Slide of '05"..
could be another 7 figure plus carry payout to start the new year for those lazy member of the 'Euro SS Brigade' (Sell & Snoozers)..
lotsa Cheerios & pips for all this year..
euro @1.2150
geneva ml 04:39 GMT January 4, 2006
van gecko, where do you see eur/usd pair going now.. thx
hk ab 01:59 GMT January 4, 2006
Gecko//your view of the year appreciated. GT.
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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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