Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, October 24, 2006
van Gecko 11:07 GMT October 24, 2006
Oakland daimyo 10:49..cheers
and DollarYen Slinging above 1.20..
Oakland daimyo 10:49 GMT October 24, 2006
van Gecko 08:00 GMT October 24, 2006
I would add swissie above 1.28
Melbourne Qindex 08:20 GMT October 24, 2006
EUR/USD : The odds are in favour of maintaining a short position.
van Gecko 08:00 GMT October 24, 2006
"11:28 GMT October 16, 2006
The yellow metal now near the crest of another bounce from 560.. the next wave of selling from anxious BOOP'ers & SOSB'ers could level shift Euro & cousins (in particular the lagging GBP) down another notch on their Merry Go South mid-term journey.."
some merry Go South numbers of interest for this week;
Gold.. below 560
GBP.. below 1.86
Euro.. below *1.25*.. start of the count down to 1.18 ~ 1.15
Gold @579 GBP @1.87 Euro @1.254
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..
Oakland daimyo 10:49..cheers
and DollarYen Slinging above 1.20..
Oakland daimyo 10:49 GMT October 24, 2006
van Gecko 08:00 GMT October 24, 2006
I would add swissie above 1.28
Melbourne Qindex 08:20 GMT October 24, 2006
EUR/USD : The odds are in favour of maintaining a short position.
van Gecko 08:00 GMT October 24, 2006
"11:28 GMT October 16, 2006
The yellow metal now near the crest of another bounce from 560.. the next wave of selling from anxious BOOP'ers & SOSB'ers could level shift Euro & cousins (in particular the lagging GBP) down another notch on their Merry Go South mid-term journey.."
some merry Go South numbers of interest for this week;
Gold.. below 560
GBP.. below 1.86
Euro.. below *1.25*.. start of the count down to 1.18 ~ 1.15
Gold @579 GBP @1.87 Euro @1.254
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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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