Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, July 04, 2006
Sofia Kaprikorn 07:15 GMT July 4, 2006
van Gecko // nice one!
van Gecko 07:10 GMT July 4, 2006
sharks trying hard to run mini octave stops before the pack of Belluga whales come for their crescendo butter rolls..
Euro @1.2820
shanghai bc 02:04 GMT July 4, 2006
As far as I am concerned,last Thrusday, after Fed hike,was a short-term inflexion point for me..And like a Pavlov's hound,I had to add more gold below 600 and more Eur/usd at 1.26 level..That is,till next inflexion point comes up..I gave up my futile attempt to guess what the market will do next a few decades ago..Good trades..
van Gecko 14:20 GMT July 3, 2006
July 3 (Bloomberg) --
Fifty percent of the 54 traders, strategists and investors surveyed by Bloomberg on June 30 from Sydney to New York advised selling the dollar against the euro this week
on que as usual..
exceptional track record for a 2+ figure contraian play..
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 // nice one!
van Gecko 07:10 GMT July 4, 2006
sharks trying hard to run mini octave stops before the pack of Belluga whales come for their crescendo butter rolls..
Euro @1.2820
shanghai bc 02:04 GMT July 4, 2006
As far as I am concerned,last Thrusday, after Fed hike,was a short-term inflexion point for me..And like a Pavlov's hound,I had to add more gold below 600 and more Eur/usd at 1.26 level..That is,till next inflexion point comes up..I gave up my futile attempt to guess what the market will do next a few decades ago..Good trades..
van Gecko 14:20 GMT July 3, 2006
July 3 (Bloomberg) --
Fifty percent of the 54 traders, strategists and investors surveyed by Bloomberg on June 30 from Sydney to New York advised selling the dollar against the euro this week
on que as usual..
exceptional track record for a 2+ figure contraian play..
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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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