Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, July 20, 2006
London Mikey1 15:02 GMT July 20, 2006
van Gecko 11:41 GMT July 20, 2006
Thank you for the clarity
van Gecko 14:23 GMT July 20, 2006
revdax.. imo the prevailing market dynamics are not conducive for a prolong dollar slide contrary to the wish of some bears.. FxWorksInWackyWays..
hk revdax 13:58 GMT July 20, 2006
i have is a short $/CHF poss. i was expecting a slide but the little naughty sell of euro has obviously stood in its way.
van Gecko 11:41 GMT July 20, 2006
market aberration=good opportunity to reload dollar long marching possies..
GBP is a sell here infront of 1.8520.. risk 100 pips for 500 pips short term & 1000 pips medium term plus carry.. FwIwW..
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 11:41 GMT July 20, 2006
Thank you for the clarity
van Gecko 14:23 GMT July 20, 2006
revdax.. imo the prevailing market dynamics are not conducive for a prolong dollar slide contrary to the wish of some bears.. FxWorksInWackyWays..
hk revdax 13:58 GMT July 20, 2006
i have is a short $/CHF poss. i was expecting a slide but the little naughty sell of euro has obviously stood in its way.
van Gecko 11:41 GMT July 20, 2006
market aberration=good opportunity to reload dollar long marching possies..
GBP is a sell here infront of 1.8520.. risk 100 pips for 500 pips short term & 1000 pips medium term plus carry.. FwIwW..
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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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