Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, December 06, 2006
van Gecko 12:38 GMT December 6, 2006
"it had been over a quarter century since GBP last visited the 2.00 moonscapes and all 6+ fig monthly extensions up to the 16 year range high 1.93/1.98 band are the end of the line for her majesty's bull soldiers..
so, with the odds stacked against her majesty poking its head above the 16 year range high, what are the odds for euro landing up at 1.36 again this year?"
FW CS 12:24 GMT December 6, 2006
I think Gecko means a V-top. And I think the possibility is very strong.
The Economist cover article this week could be affecting $ as it was a bearish $ cover and these guys have never been right.
Cannes Oil man 10:51 GMT December 6, 2006
van Gecko
Oily , in your camp now.
Out in the park with the kids for a few hours..
gl to us then.
van Gecko 10:45 GMT December 6, 2006
Lahore FM 10:35..;) I like our odds.. gl
Lahore FM 10:35 GMT December 6, 2006
Gecko,it may just as well be.gtgl.
van Gecko 10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720
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..
"it had been over a quarter century since GBP last visited the 2.00 moonscapes and all 6+ fig monthly extensions up to the 16 year range high 1.93/1.98 band are the end of the line for her majesty's bull soldiers..
so, with the odds stacked against her majesty poking its head above the 16 year range high, what are the odds for euro landing up at 1.36 again this year?"
FW CS 12:24 GMT December 6, 2006
I think Gecko means a V-top. And I think the possibility is very strong.
The Economist cover article this week could be affecting $ as it was a bearish $ cover and these guys have never been right.
Cannes Oil man 10:51 GMT December 6, 2006
van Gecko
Oily , in your camp now.
Out in the park with the kids for a few hours..
gl to us then.
van Gecko 10:45 GMT December 6, 2006
Lahore FM 10:35..;) I like our odds.. gl
Lahore FM 10:35 GMT December 6, 2006
Gecko,it may just as well be.gtgl.
van Gecko 10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720
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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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