Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, October 03, 2006
van Gecko 23:09 GMT October 3, 2006
Oil man.. I knew oil would be in trouble the day you decided to show up here again.. :)
"09:51 GMT August 22, 2006
hk ab 09:46.. who else but the real oilman would show up as we say goodbye to the last days of summer & with oil about to break?
:))"
Cannes Oil man 23:04 GMT October 3, 2006
van Gecko
The same stream applies to oil , a waterfall that under 55 will make the niagara falls look like a minuscule drop in an ocean.
van Gecko 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..
"09:10 GMT September 20, 2006
....
lots of BOOB'ers (BailOutOnBlips) waiting for blips to liquidate as weeklies below 570 could turn into a vely nice waterfall.."
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..
Oil man.. I knew oil would be in trouble the day you decided to show up here again.. :)
"09:51 GMT August 22, 2006
hk ab 09:46.. who else but the real oilman would show up as we say goodbye to the last days of summer & with oil about to break?
:))"
Cannes Oil man 23:04 GMT October 3, 2006
van Gecko
The same stream applies to oil , a waterfall that under 55 will make the niagara falls look like a minuscule drop in an ocean.
van Gecko 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..
"09:10 GMT September 20, 2006
....
lots of BOOB'ers (BailOutOnBlips) waiting for blips to liquidate as weeklies below 570 could turn into a vely nice waterfall.."
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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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