Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, January 15, 2007
van Gecko 13:43 GMT January 15, 2007
The guide dogs had blasted off.. can the master be far behind?
"08:28 GMT April 5, 2006
..
Eur/Chf & Gbp/Chf track each other's direction in a lead/lag fashion with good correlations.. while both cross had been consolidating in a narrow range over the past year, Eur/Chf had recently broke out of its range & now poking at the 2004 high of 1.58 (which corresponds to the old Gbp/Chf 2.39 high) with good odds for the 1.60's.. imo the old Gbp/Chf 2.40/39 m/t target is reasonable once it follow its cousin up & push its master Usd/Chf into orbit.. fwiww.."
Gold, an accident waiting to happen?
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..
The guide dogs had blasted off.. can the master be far behind?
"08:28 GMT April 5, 2006
..
Eur/Chf & Gbp/Chf track each other's direction in a lead/lag fashion with good correlations.. while both cross had been consolidating in a narrow range over the past year, Eur/Chf had recently broke out of its range & now poking at the 2004 high of 1.58 (which corresponds to the old Gbp/Chf 2.39 high) with good odds for the 1.60's.. imo the old Gbp/Chf 2.40/39 m/t target is reasonable once it follow its cousin up & push its master Usd/Chf into orbit.. fwiww.."
Gold, an accident waiting to happen?
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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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