Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, October 18, 2006
Makassar Alimin 15:41 GMT October 18, 2006
van Gecko 12:39 GMT October 18, 2006
cheers Gecko, bigger picture tells us that gold can still drop more, guys at the moment are playing for the break of that triangle so I guess I will wait and see
usd though I think I agree with you, there is a good chance that we could break higher
USA Zeus 15:39 GMT October 18, 2006
Gold feels like it is reversing after giving up most of today's gains. 600 looks like it might slip away for now. Oil reversing after inventory report pop. Hmmm Am expecting the unexpected. Let's see...
van Gecko 12:39 GMT October 18, 2006
Makassar Alimin 11:10.. eur/gbp setting sights on a lowest weekly close in the last 16 months.. market looking for downside acceleration below .6680 as M/T longs betting on a .71+ euro now risk paying their stops plus having to paid all those carry premiums plus making zlich on their possies for dont know how long..
Dollar Foxtrot party may get interesting again with the euroo, gbp, & euroo/gbp threesome Jive dance heating up plus the next wave of yellow metal sell-off coming ahead of schedule..
Makassar Alimin 11:10 GMT October 18, 2006
eurgbp does look heavy but really need to make some serious downside move to take those linear supports out, anything above 0.6830 i think will be very interesting (or boring?)
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 12:39 GMT October 18, 2006
cheers Gecko, bigger picture tells us that gold can still drop more, guys at the moment are playing for the break of that triangle so I guess I will wait and see
usd though I think I agree with you, there is a good chance that we could break higher
USA Zeus 15:39 GMT October 18, 2006
Gold feels like it is reversing after giving up most of today's gains. 600 looks like it might slip away for now. Oil reversing after inventory report pop. Hmmm Am expecting the unexpected. Let's see...
van Gecko 12:39 GMT October 18, 2006
Makassar Alimin 11:10.. eur/gbp setting sights on a lowest weekly close in the last 16 months.. market looking for downside acceleration below .6680 as M/T longs betting on a .71+ euro now risk paying their stops plus having to paid all those carry premiums plus making zlich on their possies for dont know how long..
Dollar Foxtrot party may get interesting again with the euroo, gbp, & euroo/gbp threesome Jive dance heating up plus the next wave of yellow metal sell-off coming ahead of schedule..
Makassar Alimin 11:10 GMT October 18, 2006
eurgbp does look heavy but really need to make some serious downside move to take those linear supports out, anything above 0.6830 i think will be very interesting (or boring?)
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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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