Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, February 14, 2007
jkt-aye 15:26 GMT February 14, 2007
Thank you GECKO, cheers.
van Gecko 14:37 GMT February 14, 2007
jkt-aye 11:11.. looks like another dead cat bounce cascading down from 1.99.. bad fengshui to be short of dollar going into the Chinese new year.. patient bulls may get lucky again down at 1.8989/1.8888 in Q1.. cheerios
"14:02 GMT January 22, 2007
.. if Euroophiles get 1.2738, patient GBP bulls may be rewarded with an equal opportunity down @1.9398.."
GBP 1.9900* -->1.9400 -->1.9650* -->1.9190
jkt-aye 11:11 GMT February 14, 2007
Gecko 08:44 ... Good day. Does she need parachutes ?
van Gecko 08:44 GMT February 14, 2007
GBP.. time for her majesty to showcase her February Flop..
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..
Thank you GECKO, cheers.
van Gecko 14:37 GMT February 14, 2007
jkt-aye 11:11.. looks like another dead cat bounce cascading down from 1.99.. bad fengshui to be short of dollar going into the Chinese new year.. patient bulls may get lucky again down at 1.8989/1.8888 in Q1.. cheerios
"14:02 GMT January 22, 2007
.. if Euroophiles get 1.2738, patient GBP bulls may be rewarded with an equal opportunity down @1.9398.."
GBP 1.9900* -->1.9400 -->1.9650* -->1.9190
jkt-aye 11:11 GMT February 14, 2007
Gecko 08:44 ... Good day. Does she need parachutes ?
van Gecko 08:44 GMT February 14, 2007
GBP.. time for her majesty to showcase her February Flop..
Labels: GBP
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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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