Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, April 17, 2007
shanghai bc 23:21 GMT April 17, 2007
GBP may go up as far as 2.05 in this round ..It may correct sometime in May below 2.00 before heading for 2.10 sometime this year..In any case,with US policy makers shouting for the devaluation of Dollar,it may not be that hard to fall below DX 80.00 this time..DX 70.00 is the level traders should not be surprised to see in time too..
Oakland daimyo 09:04 GMT April 17, 2007
EURUSD: Expecting to see cyclic high any day now. Heavy hitters involved in shark feeding as small specs ignoring probability and being influenced by euphoria. Small spec crowd might want to sit on sidelines and enjoy the show as hedge fund crowd gets taken to the cleaners again. Prop desks run the street. Good trades
van Gecko 08:27 GMT April 17, 2007
you snooze.. you loose..
dollar feeding frenzy..
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..
GBP may go up as far as 2.05 in this round ..It may correct sometime in May below 2.00 before heading for 2.10 sometime this year..In any case,with US policy makers shouting for the devaluation of Dollar,it may not be that hard to fall below DX 80.00 this time..DX 70.00 is the level traders should not be surprised to see in time too..
Oakland daimyo 09:04 GMT April 17, 2007
EURUSD: Expecting to see cyclic high any day now. Heavy hitters involved in shark feeding as small specs ignoring probability and being influenced by euphoria. Small spec crowd might want to sit on sidelines and enjoy the show as hedge fund crowd gets taken to the cleaners again. Prop desks run the street. Good trades
van Gecko 08:27 GMT April 17, 2007
you snooze.. you loose..
dollar feeding frenzy..
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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