Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, October 27, 2006
USA Zeus 12:18 GMT October 27, 2006
Van T & Van G rule!
Let's roll!
GT :-)
van Gecko 12:02 GMT October 27, 2006
USA Zeus.. you seems to be a roll today..;) who wrote this one?
"I believe people get exactly what they want out of the markets and most people are afraid of success or failure. As a result, they tend to resist change and continue to follow their natural biases....."
USA Zeus 11:53 GMT October 27, 2006
"I agree with the metaphysics of technical analysis that the fundamentals are discounted. You don’t get any profits from fundamental analysis; you get profit from buying and selling. So why stick with the appearance when you can get right to the reality of price and analyze it better?" RD
USA Zeus 11:41 GMT October 27, 2006
"Fortune tellers live in the future. So do people who want to put things off. So do fundamentalists" ES
van Gecko 11:38 GMT October 27, 2006
Mumbai NS 08:46.. just sharing my views in layman terms for the benefit of the other side..;)
87/88 is my near term model targets, while those more patient types may be rewarded with selling a substantially higher Dollar over the mid-term.. and I don't always buy the buck, but always try to position for the short to medium terms with the best adjusted risk vs potiential rewards according to my analytics..
gl
Mumbai NS 08:46 GMT October 27, 2006
van Gecko 08:38 GMT October 27, 2006
Hi there I have for the first time seen u post a sell dollar recommendation albeit at 87/88 lvls which is far off compared to current lvls of 85.99/86.03 .Do u now not see dollar strenght beyond ur mentioned dollex lvls or some change in thot process.Going thru the archives i do realize that u must be a very gud trader for having survived so many years but if i may ask do u always buy the buck ?Gud luck mate
gl gt
van Gecko 08:38 GMT October 27, 2006
There's a good near term window of opportunity for Gold bugs to to buy the yellow metal down at 560/65 at the narrow & 545/35 on the wide.. similar equal opportunities to sell the Dollar up at USDX 87/88 for patient Dollar SOSB'ers..
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 T & Van G rule!
Let's roll!
GT :-)
van Gecko 12:02 GMT October 27, 2006
USA Zeus.. you seems to be a roll today..;) who wrote this one?
"I believe people get exactly what they want out of the markets and most people are afraid of success or failure. As a result, they tend to resist change and continue to follow their natural biases....."
USA Zeus 11:53 GMT October 27, 2006
"I agree with the metaphysics of technical analysis that the fundamentals are discounted. You don’t get any profits from fundamental analysis; you get profit from buying and selling. So why stick with the appearance when you can get right to the reality of price and analyze it better?" RD
USA Zeus 11:41 GMT October 27, 2006
"Fortune tellers live in the future. So do people who want to put things off. So do fundamentalists" ES
van Gecko 11:38 GMT October 27, 2006
Mumbai NS 08:46.. just sharing my views in layman terms for the benefit of the other side..;)
87/88 is my near term model targets, while those more patient types may be rewarded with selling a substantially higher Dollar over the mid-term.. and I don't always buy the buck, but always try to position for the short to medium terms with the best adjusted risk vs potiential rewards according to my analytics..
gl
Mumbai NS 08:46 GMT October 27, 2006
van Gecko 08:38 GMT October 27, 2006
Hi there I have for the first time seen u post a sell dollar recommendation albeit at 87/88 lvls which is far off compared to current lvls of 85.99/86.03 .Do u now not see dollar strenght beyond ur mentioned dollex lvls or some change in thot process.Going thru the archives i do realize that u must be a very gud trader for having survived so many years but if i may ask do u always buy the buck ?Gud luck mate
gl gt
van Gecko 08:38 GMT October 27, 2006
There's a good near term window of opportunity for Gold bugs to to buy the yellow metal down at 560/65 at the narrow & 545/35 on the wide.. similar equal opportunities to sell the Dollar up at USDX 87/88 for patient Dollar SOSB'ers..
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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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