Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, September 01, 2006
van Gecko 15:09 GMT September 1, 2006
Oil Man.. 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..
be nice to to your "uncle Ben".. :) have a nice w/e..
UAE Oil man 14:20 GMT September 1, 2006
Gecko, if the €£ "broke" down, how come i didnt get my 6723 long yet?:)
van Gecko 13:18 GMT September 1, 2006
"13:44 GMT July 31, 2006
.. Eur/Gbp weeklies below .6780 on this leg could resolve its L/T triangle & finally lead Euro & cousins down south to their M/T promisland.."
Eur/Gbp m/t support taken out.. now Eur/Jpy playing catch down..
things are looking up for Euro & cousin's merry go south m/t journey..
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..
Oil Man.. 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..
be nice to to your "uncle Ben".. :) have a nice w/e..
UAE Oil man 14:20 GMT September 1, 2006
Gecko, if the €£ "broke" down, how come i didnt get my 6723 long yet?:)
van Gecko 13:18 GMT September 1, 2006
"13:44 GMT July 31, 2006
.. Eur/Gbp weeklies below .6780 on this leg could resolve its L/T triangle & finally lead Euro & cousins down south to their M/T promisland.."
Eur/Gbp m/t support taken out.. now Eur/Jpy playing catch down..
things are looking up for Euro & cousin's merry go south m/t journey..
Cheerios..
Comments:
Post a Comment
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..
Archives
- 12/2000
- 06/2001
- 12/2001
- 06/2002
- 09/2002
- 12/2002
- 01/2003
- 02/2003
- 03/2003
- 04/2003
- 05/2003
- 06/2003
- 07/2003
- 08/2003
- 09/2003
- 11/2003
- 12/2003
- 01/2004
- 02/2004
- 03/2004
- 04/2004
- 05/2004
- 06/2004
- 07/2004
- 08/2004
- 09/2004
- 10/2004
- 11/2004
- 12/2004
- 01/2005
- 02/2005
- 03/2005
- 04/2005
- 05/2005
- 06/2005
- 08/2005
- 09/2005
- 10/2005
- 11/2005
- 12/2005
- 01/2006
- 02/2006
- 03/2006
- 04/2006
- 05/2006
- 06/2006
- 07/2006
- 08/2006
- 09/2006
- 10/2006
- 11/2006
- 12/2006
- 01/2007
- 02/2007
- 03/2007
- 04/2007
- 05/2007
- 06/2007
- 07/2007
- 08/2007
- 10/2007
- 11/2007
- 12/2007
- 01/2008
- 02/2008
- 04/2008
- 05/2008
- 06/2008
- 07/2008
- 08/2008
- 09/2008
- 10/2008
- 12/2008
- 01/2009
- 02/2009
- 04/2009
- 05/2009
- 09/2009
- 10/2009
- 11/2009
- 12/2009
- 02/2010
- 04/2010
- 05/2010
- 07/2010
- 08/2010
- 09/2010
- 10/2010
- 12/2010
- 01/2011
- 03/2011
- 08/2011
- 09/2011
- 10/2011
- 11/2011
- 12/2011
- 01/2012
- 02/2012
- 04/2012
- 05/2012
- 06/2012
- 09/2012
- 10/2012
- 11/2012
- 04/2013
- 12/2013
