Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, June 05, 2007
van Gecko 15:12 GMT June 5, 2007
" 13:21 GMT June 29, 2004
$Cad testing the crucial 1.34 neckline again with modified back to back Weekly Sell Fractals..
below is a 4 figure dive down to 1.30 before any significant support from m/t Dollar bulls..
m/t Dollar bears could see the Aussi Kangaroo doing some fast catching up with the great Canadian Geese now opening a big lead on their L/T race to Parity.. "
now only 500 pips to Parity..
last one to join the $Cad Parity club could win a free trip to Timbuktu..
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..
" 13:21 GMT June 29, 2004
$Cad testing the crucial 1.34 neckline again with modified back to back Weekly Sell Fractals..
below is a 4 figure dive down to 1.30 before any significant support from m/t Dollar bulls..
m/t Dollar bears could see the Aussi Kangaroo doing some fast catching up with the great Canadian Geese now opening a big lead on their L/T race to Parity.. "
now only 500 pips to Parity..
last one to join the $Cad Parity club could win a free trip to Timbuktu..
Labels: USDCAD
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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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