Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, March 02, 2006
van Gecko 14:46 GMT March 2, 2006
la oleg 14:05..good morning, indeed they could be from the same family who tried to gobble another 200 pips from the little Dollar down at 1.13 back in December '04.. an endless supply in this biz..
la oleg 14:05 GMT March 2, 2006
van Gecko 13:49 -- good morning, Gecko. aren't those the little piggies who tried to gobble the goose? :-) good trades.
van Gecko 13:49 GMT March 2, 2006
Before everyone gets all excited with this small Dollar dip heres the seasonal risk for Dollar bears during this Mardi Gras month....fwiw..
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..
la oleg 14:05..good morning, indeed they could be from the same family who tried to gobble another 200 pips from the little Dollar down at 1.13 back in December '04.. an endless supply in this biz..
la oleg 14:05 GMT March 2, 2006
van Gecko 13:49 -- good morning, Gecko. aren't those the little piggies who tried to gobble the goose? :-) good trades.
van Gecko 13:49 GMT March 2, 2006
Before everyone gets all excited with this small Dollar dip heres the seasonal risk for Dollar bears during this Mardi Gras month....fwiw..
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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