Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, November 15, 2006
van Gecko 09:35 GMT November 15, 2006
if 1.91 is not seen soon on this leg.. her majesty's card carrying BULLS carrying heavy cargos could turn into BOOBS (Bail Out On Blips)..
"mex sjs 17:02 GMT November 20, 2006
shorted euro here at market 1.2815 sl= 1.30 tgt 1.18-1.20 area,
shorted gbp here at market 1.8975 sl= 1.9180 tgt 1.80-82 area , for coming weeks, before yearend...gl & gt"
van Gecko 08:08 GMT November 15, 2006
The Conti cousins had shown their cards.. now 1.80 during Decemeber may be a good short term target..
"16:43 GMT October 31, 2006
..... it might sound weird & retarded to you.. but imo the dollar is a great buy here vs the GBP.. r/r 5 to 1 near term, 10 to 1 short term, & 20 to 1 mid-term.."
GBP @1.8968
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..
if 1.91 is not seen soon on this leg.. her majesty's card carrying BULLS carrying heavy cargos could turn into BOOBS (Bail Out On Blips)..
"mex sjs 17:02 GMT November 20, 2006
shorted euro here at market 1.2815 sl= 1.30 tgt 1.18-1.20 area,
shorted gbp here at market 1.8975 sl= 1.9180 tgt 1.80-82 area , for coming weeks, before yearend...gl & gt"
van Gecko 08:08 GMT November 15, 2006
The Conti cousins had shown their cards.. now 1.80 during Decemeber may be a good short term target..
"16:43 GMT October 31, 2006
..... it might sound weird & retarded to you.. but imo the dollar is a great buy here vs the GBP.. r/r 5 to 1 near term, 10 to 1 short term, & 20 to 1 mid-term.."
GBP @1.8968
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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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