Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, November 07, 2006
PHX RuGO 07:14 GMT November 7, 2006
van Gecko 07:09 GMT November 7, 2006
Pearls of wisdom and then some...
van Gecko 07:08 GMT November 7, 2006
PHX RuGO 06:50.. the quest for knowledge to gain that edge is an elusive process.. but contrary to popular preceptions, the odds are stacked against most of us right from day one in this game.. as the sad true here is "you either have it.. or you don't.."
PHX RuGO 06:50 GMT November 7, 2006
Well, different is good... but I doubt it serves a purpose if the market does not embrace different ideas (call this a practical blend of Everett M. Rogers’ Innovator Theory and Geoffrey A. Moore’s Chasm Theory). However, in this case I am more concerned with the mechanics rather than the concept… just like saying, “I enjoy the cocktail, but how do I make it?”
van Gecko 06:43 GMT November 7, 2006
PHX RuGO 06:29.. if the majority playing in this game are losers & are brain-washed to talk & do the same boring conventional losing stuffs.. then the minority with an playing edge must be doing & talking something different.. no ?
PHX RuGO 06:29 GMT November 7, 2006
van Gecko 06:08 GMT November 7, 2006
Thanks you for the advice... risk management comes a bit easier than “forward thinking BS”… which may explain why I’m still at a loss with the term “Singapore Sling”. Maybe when you have the time, you can point me in the right direction!? tia
van Gecko 06:08 GMT November 7, 2006
PHX RuGO 05:35.. gaining an edge in this game is all about risk management & some forward thinking BS.. LOL
PHX RuGO 05:35 GMT November 7, 2006
van Gecko 05:31 GMT November 7, 2006
---
lolzz, there's no half-measures about that statement...
van Gecko 05:31 GMT November 7, 2006
expect choking across the board.. fxwiwW
las vegas DJS 05:31 GMT November 7, 2006
Very confident that short term like 4-8 hours take profit at 9118. Longer view within 24 hours take profit at 9195. Take this to the bank in my opinion!
PHX RuGO 05:24 GMT November 7, 2006
Yep... it is conceivable that EURGBP will choke right about here. Too early to tell. Any thoughts? tia
euro@1.2772, GBP@1.9058, usd/jpy@117.66
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 Gecko 07:09 GMT November 7, 2006
Pearls of wisdom and then some...
van Gecko 07:08 GMT November 7, 2006
PHX RuGO 06:50.. the quest for knowledge to gain that edge is an elusive process.. but contrary to popular preceptions, the odds are stacked against most of us right from day one in this game.. as the sad true here is "you either have it.. or you don't.."
PHX RuGO 06:50 GMT November 7, 2006
Well, different is good... but I doubt it serves a purpose if the market does not embrace different ideas (call this a practical blend of Everett M. Rogers’ Innovator Theory and Geoffrey A. Moore’s Chasm Theory). However, in this case I am more concerned with the mechanics rather than the concept… just like saying, “I enjoy the cocktail, but how do I make it?”
van Gecko 06:43 GMT November 7, 2006
PHX RuGO 06:29.. if the majority playing in this game are losers & are brain-washed to talk & do the same boring conventional losing stuffs.. then the minority with an playing edge must be doing & talking something different.. no ?
PHX RuGO 06:29 GMT November 7, 2006
van Gecko 06:08 GMT November 7, 2006
Thanks you for the advice... risk management comes a bit easier than “forward thinking BS”… which may explain why I’m still at a loss with the term “Singapore Sling”. Maybe when you have the time, you can point me in the right direction!? tia
van Gecko 06:08 GMT November 7, 2006
PHX RuGO 05:35.. gaining an edge in this game is all about risk management & some forward thinking BS.. LOL
PHX RuGO 05:35 GMT November 7, 2006
van Gecko 05:31 GMT November 7, 2006
---
lolzz, there's no half-measures about that statement...
van Gecko 05:31 GMT November 7, 2006
expect choking across the board.. fxwiwW
las vegas DJS 05:31 GMT November 7, 2006
Very confident that short term like 4-8 hours take profit at 9118. Longer view within 24 hours take profit at 9195. Take this to the bank in my opinion!
PHX RuGO 05:24 GMT November 7, 2006
Yep... it is conceivable that EURGBP will choke right about here. Too early to tell. Any thoughts? tia
euro@1.2772, GBP@1.9058, usd/jpy@117.66
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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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