Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, March 02, 2007
van Gecko 07:18 GMT March 2, 2007
Shenzhen Laowen 03:27 happy Golden Pig year to you too..
after last year's Thanksgiving spike, Euro & cousin GBP had gone nowhere for the last 4 months while mid-term bull's profits are eroded by negative carry..
however, the good news is that after running up to mid/long term tops in Q4/Q1, there's good odds for bulls to be rewarded with year long buying opportunities to crack the old highs from substantially lower levels..
s/t opportunities for patient Europhiles & GBP bulls are @ 1.2688 & 1.8989/1.8888 with more year long bargains on sustained break below..
gl..
Shenzhen Laowen 03:27 GMT March 2, 2007
van Gecko 23:48 GMT March 1, 2007 //
Hi van Gecko, long time no see! Haven't played with FX for some time. Happy to see you are still active here. Any call for 1000+ gains in the mid - long term?
Your call on Gbp/Chf SOB flying for 2.4 from 2.23 was so wonderful.
Happy Golden Pig year and good trades!
van Gecko 23:48 GMT March 1, 2007
Yenophobes getting good levels to reload.. patient Europhiles should get their turn soon.. lotsa bagholders blood on the line..
cheerios to the Golden Pig!
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..
Shenzhen Laowen 03:27 happy Golden Pig year to you too..
after last year's Thanksgiving spike, Euro & cousin GBP had gone nowhere for the last 4 months while mid-term bull's profits are eroded by negative carry..
however, the good news is that after running up to mid/long term tops in Q4/Q1, there's good odds for bulls to be rewarded with year long buying opportunities to crack the old highs from substantially lower levels..
s/t opportunities for patient Europhiles & GBP bulls are @ 1.2688 & 1.8989/1.8888 with more year long bargains on sustained break below..
gl..
Shenzhen Laowen 03:27 GMT March 2, 2007
van Gecko 23:48 GMT March 1, 2007 //
Hi van Gecko, long time no see! Haven't played with FX for some time. Happy to see you are still active here. Any call for 1000+ gains in the mid - long term?
Your call on Gbp/Chf SOB flying for 2.4 from 2.23 was so wonderful.
Happy Golden Pig year and good trades!
van Gecko 23:48 GMT March 1, 2007
Yenophobes getting good levels to reload.. patient Europhiles should get their turn soon.. lotsa bagholders blood on the line..
cheerios to the Golden Pig!
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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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