Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, September 26, 2006
jkt-aye 17:17 GMT September 26, 2006
Gecko 15:37...many thanks.
van Gecko 15:37 GMT September 26, 2006
jkt-aye.. SOB.. SAM.. SOS
Cannes Oil man 15:20 GMT September 26, 2006
Hey Gecko grats on the low 1.2666 private msg !You becoming the bottom daily finder :)
Gl8's.
jkt-aye 15:19 GMT September 26, 2006
Hi Gecko, any news for Her Majesty next move ? TIA
van Gecko 15:13 GMT September 26, 2006
"15:09 GMT September 1, 2006
.. Eur/Gbp closing for the 5th straight week below the 6 year support channel.. the next major support is at .6680.. below .6680, the multi-year triangle may be resolved with a nice 10 figure trend down to the 1999 lows again.."
more fun times just around the corner for the Europeans..
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..
Gecko 15:37...many thanks.
van Gecko 15:37 GMT September 26, 2006
jkt-aye.. SOB.. SAM.. SOS
Cannes Oil man 15:20 GMT September 26, 2006
Hey Gecko grats on the low 1.2666 private msg !You becoming the bottom daily finder :)
Gl8's.
jkt-aye 15:19 GMT September 26, 2006
Hi Gecko, any news for Her Majesty next move ? TIA
van Gecko 15:13 GMT September 26, 2006
"15:09 GMT September 1, 2006
.. Eur/Gbp closing for the 5th straight week below the 6 year support channel.. the next major support is at .6680.. below .6680, the multi-year triangle may be resolved with a nice 10 figure trend down to the 1999 lows again.."
more fun times just around the corner for the Europeans..
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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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