Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, October 04, 2006
van Gecko 15:23 GMT October 4, 2006
Gold @562
Yangzi River flood gates opening..
"23:00 GMT October 3, 2006
morning..
Gold testing the critical 570 line for the 3rd time within the last 4 weeks.. since not all moves are created equal, this latest test look like it has the legs to push the yellow metal down the Yangzi River.."
van Gecko 09:08 GMT October 4, 2006
DollarYen 118 soon to be a distant memory..
The art of the Lines
FwIwW
Usd/Jpy @118.08
Geneva 08:09 GMT October 4, 2006
USD/JPY will be 130 and even 150 before 113! every body buy JPY a huge mistake!
van Gecko 04:23 GMT October 4, 2006
vely lively Asian morning.. something could be brewing in Fx'land.. may be a good day in the making for Dollar SOSB'ers now that Dollar BOD'ers had a chance to reload.. but then again, all of us may be just h'issing against the wind with these verbiage outbursts..
Cheerios
euro @1.2720
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..
Gold @562
Yangzi River flood gates opening..
"23:00 GMT October 3, 2006
morning..
Gold testing the critical 570 line for the 3rd time within the last 4 weeks.. since not all moves are created equal, this latest test look like it has the legs to push the yellow metal down the Yangzi River.."
van Gecko 09:08 GMT October 4, 2006
DollarYen 118 soon to be a distant memory..
The art of the Lines
FwIwW
Usd/Jpy @118.08
Geneva 08:09 GMT October 4, 2006
USD/JPY will be 130 and even 150 before 113! every body buy JPY a huge mistake!
van Gecko 04:23 GMT October 4, 2006
vely lively Asian morning.. something could be brewing in Fx'land.. may be a good day in the making for Dollar SOSB'ers now that Dollar BOD'ers had a chance to reload.. but then again, all of us may be just h'issing against the wind with these verbiage outbursts..
Cheerios
euro @1.2720
Comments:
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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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