Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, December 08, 2006
van Gecko 23:51 GMT December 8, 2006
"10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks.."
Some over-loaded Dollar bears were "saved" by the Friday bell.. looks like a vely pleasant w/e to digest the kinetics of this week's move..
look out below!
Euro 1.3364->1.3193.. GBP 1.9723->1.9519
Sydney ACC 16:58 GMT December 8, 2006
this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in botgh directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour
FW CS 16:58 GMT December 8, 2006
Grandaddy bulltrap in the Euro that looked like a buying climax
Geneva 16:52 GMT December 8, 2006
cleaning time , bye euro
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..
"10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks.."
Some over-loaded Dollar bears were "saved" by the Friday bell.. looks like a vely pleasant w/e to digest the kinetics of this week's move..
look out below!
Euro 1.3364->1.3193.. GBP 1.9723->1.9519
Sydney ACC 16:58 GMT December 8, 2006
this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in botgh directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour
FW CS 16:58 GMT December 8, 2006
Grandaddy bulltrap in the Euro that looked like a buying climax
Geneva 16:52 GMT December 8, 2006
cleaning time , bye euro
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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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