Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, November 24, 2006
van Gecko 08:56 GMT November 24, 2006
I wouldn't bet on it iw.. its a close eye buy for 1.36 as our bull friend from Tallin like to say..
Helsinki iw 08:49 GMT November 24, 2006
Gecko, surely there is somebody out there that will be able to take profits once the next French politician opens his mouth?
van Gecko 08:46 GMT November 24, 2006
iw.. at the rate its going up you might not get any pullback.. better load up here for the 1.36 boat..
Helsinki iw 08:41 GMT November 24, 2006
Thank you for stopping to shop at the stop-loss shop.
EUR/USD should now test the high at 1,3665/85. Next pullback may provide a great buying opportunity.
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..
I wouldn't bet on it iw.. its a close eye buy for 1.36 as our bull friend from Tallin like to say..
Helsinki iw 08:49 GMT November 24, 2006
Gecko, surely there is somebody out there that will be able to take profits once the next French politician opens his mouth?
van Gecko 08:46 GMT November 24, 2006
iw.. at the rate its going up you might not get any pullback.. better load up here for the 1.36 boat..
Helsinki iw 08:41 GMT November 24, 2006
Thank you for stopping to shop at the stop-loss shop.
EUR/USD should now test the high at 1,3665/85. Next pullback may provide a great buying opportunity.
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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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