Gaining an Edge over the Forex game of Mind, Money, & Wealth
Sunday, October 08, 2006
van Gecko 01:58 GMT October 8, 2006
"hong kong nt 17:31 GMT October 7, 2006
van Gecko 07:04 GMT October 7, 2006
prolonged Euro 1.26/1.29 consolidation may turn out as classic "wave 4 correction", coming wave 5 may take us to 1.36+ (10 figures higher)... "
thank you for your wave infos..
imo simple things like common sense should be a part of every trader's tool box besides those fancy fundy & TA stuffs..
how come euro & daddy DM have always come to a complete stop at the 1.30/1.40 band for the last 20 years ?
well.. since real money is always the driving force behind any long & mid-term moves while short termer & momentum types add liquidity at peaks & bottoms, may be there's enough mid-term real money euro bulls with common sense who are not willing to chase the market here near the 1.30/1.40 crest while the short termers & momentum types are playing among themselve up here against some mid/long term distributions..
Cheerios..
hong kong nt 17:31 GMT October 7, 2006
van Gecko 07:04 GMT October 7, 2006
prolonged Euro 1.26/1.29 consolidation may turn out as classic "wave 4 correction", coming wave 5 may take us to 1.36+ (10 figures higher)...
van Gecko 07:04 GMT October 7, 2006
FW CS 15:16 GMT October 6, 2006
sorry if I came across sounding like a dollar bear to you with my 14:39 GMT Oct.6 ... LOL
"14:05 GMT September 21, 2006
contrary to popular preceptions, the euro bull is fighting a serious health problem here.. the only possible fix is an 8 to 10 figure correction as real money m/t bulls will not touch it up here.. smart money rarely make a habit of loading the boat with mid-term cargos near a 5 year high & expect to unload them higher at a profit as the risk of being inflicted with that dreaded Fx PorkChopTitist diease is too great.. the same scenario applies for the yellow metal.."
does that sound like a Dollar bear to you?
have a nice w/e.. ;))
FW CS 15:16 GMT October 6, 2006
van Gecko
are you turning into a $ bear now? I think Euro needs to fall more as Oil man suggests since too many are trying to buy it on dips. a 10 figure move down on Euro should fix these $ bear dreams
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..
"hong kong nt 17:31 GMT October 7, 2006
van Gecko 07:04 GMT October 7, 2006
prolonged Euro 1.26/1.29 consolidation may turn out as classic "wave 4 correction", coming wave 5 may take us to 1.36+ (10 figures higher)... "
thank you for your wave infos..
imo simple things like common sense should be a part of every trader's tool box besides those fancy fundy & TA stuffs..
how come euro & daddy DM have always come to a complete stop at the 1.30/1.40 band for the last 20 years ?
well.. since real money is always the driving force behind any long & mid-term moves while short termer & momentum types add liquidity at peaks & bottoms, may be there's enough mid-term real money euro bulls with common sense who are not willing to chase the market here near the 1.30/1.40 crest while the short termers & momentum types are playing among themselve up here against some mid/long term distributions..
Cheerios..
hong kong nt 17:31 GMT October 7, 2006
van Gecko 07:04 GMT October 7, 2006
prolonged Euro 1.26/1.29 consolidation may turn out as classic "wave 4 correction", coming wave 5 may take us to 1.36+ (10 figures higher)...
van Gecko 07:04 GMT October 7, 2006
FW CS 15:16 GMT October 6, 2006
sorry if I came across sounding like a dollar bear to you with my 14:39 GMT Oct.6 ... LOL
"14:05 GMT September 21, 2006
contrary to popular preceptions, the euro bull is fighting a serious health problem here.. the only possible fix is an 8 to 10 figure correction as real money m/t bulls will not touch it up here.. smart money rarely make a habit of loading the boat with mid-term cargos near a 5 year high & expect to unload them higher at a profit as the risk of being inflicted with that dreaded Fx PorkChopTitist diease is too great.. the same scenario applies for the yellow metal.."
does that sound like a Dollar bear to you?
have a nice w/e.. ;))
FW CS 15:16 GMT October 6, 2006
van Gecko
are you turning into a $ bear now? I think Euro needs to fall more as Oil man suggests since too many are trying to buy it on dips. a 10 figure move down on Euro should fix these $ bear dreams
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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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