Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, December 26, 2006
van Gecko 23:03 GMT December 26, 2006
Specs are still holding near record Dollar shorts & fishes are tired of waiting for dips & now long euro & GBP above the current price.. prime baits for holiday sharks..
//"hong kong 10:58 GMT December 24, 2006
van Gecko 00:38 GMT December 23
any special reasons for medium term EURO, GBP buyers to reverse below 1.366 and 2.01?? or for medium term sellers to sell below said levels??"//
do pigs need special reasons to roll in dung?? what makes you think real money players manage their trades based on the herd's fixation levels? mid-term Fx MakeEasy delusion?
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..
Specs are still holding near record Dollar shorts & fishes are tired of waiting for dips & now long euro & GBP above the current price.. prime baits for holiday sharks..
//"hong kong 10:58 GMT December 24, 2006
van Gecko 00:38 GMT December 23
any special reasons for medium term EURO, GBP buyers to reverse below 1.366 and 2.01?? or for medium term sellers to sell below said levels??"//
do pigs need special reasons to roll in dung?? what makes you think real money players manage their trades based on the herd's fixation levels? mid-term Fx MakeEasy delusion?
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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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