Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, August 16, 2007
Syd 18:41 GMT August 16, 2007
Comex Gold Tumbles On 'Massive Liquidations'
Comex Dec gold settled $21.70 lower to $658 an ounce as funds liquidated positions in numerous commodities to raise cash as equities fell sharply amid sub-prime woes, Traders noted much of the selling was to raise cash for margin calls in other markets. Dec gold fell as far as $651.60, its weakest level since the middle of January
van Gecko 14:20 GMT August 16, 2007
next up on the diving board..
v
v
V
~ gold
Hong Kong 06:47 GMT August 16, 2007
van Gecko 09:18 GMT August 13, 2007
nice dive on all pair! thanks for the heads up.
van Gecko 08:02 GMT August 15, 2007
good fx blood transfusion between dollar bears as BOD'ers (Buy On Dippers) & BOOB'ers (Bail Out On Blippers, born again SOB'ers) are taking this opportunity to improve their positions while humming "I'm lov'in it" with each dip & blip by the majors.. life is good.. be happy.. subprime hedging is here..
cheerios..
Euro 1.3700 -> 1.3360, GBP 2.0250 -> 1.9660, Eur/Jpy 162.20 -> 149.50
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..
Comex Gold Tumbles On 'Massive Liquidations'
Comex Dec gold settled $21.70 lower to $658 an ounce as funds liquidated positions in numerous commodities to raise cash as equities fell sharply amid sub-prime woes, Traders noted much of the selling was to raise cash for margin calls in other markets. Dec gold fell as far as $651.60, its weakest level since the middle of January
van Gecko 14:20 GMT August 16, 2007
next up on the diving board..
v
v
V
~ gold
Hong Kong 06:47 GMT August 16, 2007
van Gecko 09:18 GMT August 13, 2007
nice dive on all pair! thanks for the heads up.
van Gecko 08:02 GMT August 15, 2007
good fx blood transfusion between dollar bears as BOD'ers (Buy On Dippers) & BOOB'ers (Bail Out On Blippers, born again SOB'ers) are taking this opportunity to improve their positions while humming "I'm lov'in it" with each dip & blip by the majors.. life is good.. be happy.. subprime hedging is here..
cheerios..
Euro 1.3700 -> 1.3360, GBP 2.0250 -> 1.9660, Eur/Jpy 162.20 -> 149.50
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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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