Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, February 03, 2006
van Gecko 09:01 GMT February 3, 2006
"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).."
another weekly Gravestone in progress to start the Year of the Dog after last week's Gravestone ending for the pivotal month of January..
some dive-hard euro bulls are trying vely hard to hold 1.20 in front of the Double Weekly Gravestone as below the figure, its the start of another 5 figure slide down to the 1.15 mid-term attractor target for the 'Euro SS Brigade'..
Gong Si Fat Cat..
Euro Weekly Charts
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..
"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).."
another weekly Gravestone in progress to start the Year of the Dog after last week's Gravestone ending for the pivotal month of January..
some dive-hard euro bulls are trying vely hard to hold 1.20 in front of the Double Weekly Gravestone as below the figure, its the start of another 5 figure slide down to the 1.15 mid-term attractor target for the 'Euro SS Brigade'..
Gong Si Fat Cat..
Euro Weekly Charts
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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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