Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, November 30, 2006
van Gecko 23:57 GMT November 30, 2006
re. 17:26 GMT's snippet "do successful traders need to speak more than they listen ?"
is life inside that "speechless pro club" so boring that some of them can't resist the urge to vent their successful frustrations on this side?
FW CS & Cannes Oil Man.. great visions on the Contis
FW CS 17:49 GMT November 30, 2006
Cannes Oil Man
Yes it did finally - thanks for ur insight I am long from 1.2620 and now 1.3120 will scale in ever 500 pips (next one will be new high scale in). Quite a volatility breakout we have had here recently I think the last 2-3 weeks took out the ranges for all of 2006. It seems like there are still a lot of $ bottom pickers around still
Cannes Oil man 17:40 GMT November 30, 2006
FW CS 17:38 GMT November 30, 2006
Everything finally did work out in a nice trend .
Just the start though, plenty bottom $ pickers still.
gl gt
FW CS 17:38 GMT November 30, 2006
Thanksgiving holiday not been kind to the $ last few years. Anyways looking for 1.34-1.36 Euro before first major correction as those were old highs (and all time highs) not much Resistance between these levels and there:
nj jf 17:26 GMT November 30, 2006
ab - more to the point - do successful traders need to speak more than they listen ? .....no style points here only substance
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..
re. 17:26 GMT's snippet "do successful traders need to speak more than they listen ?"
is life inside that "speechless pro club" so boring that some of them can't resist the urge to vent their successful frustrations on this side?
FW CS & Cannes Oil Man.. great visions on the Contis
FW CS 17:49 GMT November 30, 2006
Cannes Oil Man
Yes it did finally - thanks for ur insight I am long from 1.2620 and now 1.3120 will scale in ever 500 pips (next one will be new high scale in). Quite a volatility breakout we have had here recently I think the last 2-3 weeks took out the ranges for all of 2006. It seems like there are still a lot of $ bottom pickers around still
Cannes Oil man 17:40 GMT November 30, 2006
FW CS 17:38 GMT November 30, 2006
Everything finally did work out in a nice trend .
Just the start though, plenty bottom $ pickers still.
gl gt
FW CS 17:38 GMT November 30, 2006
Thanksgiving holiday not been kind to the $ last few years. Anyways looking for 1.34-1.36 Euro before first major correction as those were old highs (and all time highs) not much Resistance between these levels and there:
nj jf 17:26 GMT November 30, 2006
ab - more to the point - do successful traders need to speak more than they listen ? .....no style points here only substance
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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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