Gaining an Edge over the Forex game of Mind, Money, & Wealth
Saturday, October 28, 2006
van Gecko 02:19 GMT October 28, 2006
Cairo AG 16:25 GMT.. while euro is still traversing within it's 6 month range my M/T bias for the Dollar remain unchanged.. over-shooting trendlines & major ma's are facts of life in this biz and provide good discretionary reload opportunties inline with the M/T bias.. positioning for M/T real money paydays requires patience & conviction along with good trade & risk management tactics.. gl
"07:50 GMT July 31, 2006
.. the dollar had stablized above USDX 84.50 for 3 consecutive months with higher highs & lows.. the recent dip from 86.86 may have generated sufficient liquidity for another go at the 87+ levels again.. so buying the dollar anywhere from here to infront of 84.50 against your favorite pairs with adjusted risk to suit your trading profile may work for the near to medium term.. "
CAIRO AG 16:25 GMT October 27, 2006
Gecko// if u re around... i was on the same $ bull camp as urs till last night... expressed my confusion on GVI after E$ broke 1.2650/75 where i had some important resistance... and now today after $Y broke 117.70-80 area...
My question would be if u re still on the same camp... at least for now??
GL & GT
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..
Cairo AG 16:25 GMT.. while euro is still traversing within it's 6 month range my M/T bias for the Dollar remain unchanged.. over-shooting trendlines & major ma's are facts of life in this biz and provide good discretionary reload opportunties inline with the M/T bias.. positioning for M/T real money paydays requires patience & conviction along with good trade & risk management tactics.. gl
"07:50 GMT July 31, 2006
.. the dollar had stablized above USDX 84.50 for 3 consecutive months with higher highs & lows.. the recent dip from 86.86 may have generated sufficient liquidity for another go at the 87+ levels again.. so buying the dollar anywhere from here to infront of 84.50 against your favorite pairs with adjusted risk to suit your trading profile may work for the near to medium term.. "
CAIRO AG 16:25 GMT October 27, 2006
Gecko// if u re around... i was on the same $ bull camp as urs till last night... expressed my confusion on GVI after E$ broke 1.2650/75 where i had some important resistance... and now today after $Y broke 117.70-80 area...
My question would be if u re still on the same camp... at least for now??
GL & GT
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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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