Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, November 17, 2006
van Gecko 08:01 GMT November 17, 2006
PHX RuGO 07:37.. looks like a liquidity tease here in front of a mini flatline prior to the next push by the Dollar..
"Flatline/neckline/support usually fail & break in the direction of the most recent prevailing macro or micro trend.."
multiiple time frame trend flatline analytics compliment of the school of Voodoo Charting Psychoanalysis..
Cheerios
PHX RuGO 07:37 GMT November 17, 2006
Am I the only one who believes that USD bulls will take this fight to a whole new level next week? Is the market so hungry that it would be willing to settle for such narrow profits?
shanghai bc 03:16 GMT November 17, 2006
Good morning..My bet is still for 110-120 range for the remaining weeks of the year..Good luck..
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..
PHX RuGO 07:37.. looks like a liquidity tease here in front of a mini flatline prior to the next push by the Dollar..
"Flatline/neckline/support usually fail & break in the direction of the most recent prevailing macro or micro trend.."
multiiple time frame trend flatline analytics compliment of the school of Voodoo Charting Psychoanalysis..
Cheerios
PHX RuGO 07:37 GMT November 17, 2006
Am I the only one who believes that USD bulls will take this fight to a whole new level next week? Is the market so hungry that it would be willing to settle for such narrow profits?
shanghai bc 03:16 GMT November 17, 2006
Good morning..My bet is still for 110-120 range for the remaining weeks of the year..Good luck..
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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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