Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, October 26, 2007
van Gecko 04:10 GMT October 26, 2007
hello FW CS.. hope you're fine.. thanks for sharing your views & your care.. I am fine, just not posting as much after 96 moons in GV & 180 moons in the market.. there's nothing wrong with good risk adjusted contra bets at/near major market levels as long as risk & exposures are managed properly.. fortune favors the disciplined brave..
On the other hand, cheering in hindsight, or getting the direction right with foresight does not make a better position or day trader if that thing between the ears is not right for this business.. euro can go up to the moon, but you are only barking up the wrong fx tree if one talk & trade with the same mindset like the transient majority..
gl
FW CS 16:17 GMT October 25, 2007
hk ab 15:51 GMT October 25, 2007
I wonder if Gecko got wiped out? As he kept calling for a Euro top at 1.28, 1.30, 1.36. But especially 1.28. Hope I am wrong as I miss his postings
hk ab 15:51 GMT October 25, 2007
CS, I also wonder where GC Martin and Gecko.
Gecko, has the roller coaster on gold front waived?
FW CS 15:47 GMT October 25, 2007
I wonder where EU Zorro went with his calls to buy Euro all the time
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..
hello FW CS.. hope you're fine.. thanks for sharing your views & your care.. I am fine, just not posting as much after 96 moons in GV & 180 moons in the market.. there's nothing wrong with good risk adjusted contra bets at/near major market levels as long as risk & exposures are managed properly.. fortune favors the disciplined brave..
On the other hand, cheering in hindsight, or getting the direction right with foresight does not make a better position or day trader if that thing between the ears is not right for this business.. euro can go up to the moon, but you are only barking up the wrong fx tree if one talk & trade with the same mindset like the transient majority..
gl
FW CS 16:17 GMT October 25, 2007
hk ab 15:51 GMT October 25, 2007
I wonder if Gecko got wiped out? As he kept calling for a Euro top at 1.28, 1.30, 1.36. But especially 1.28. Hope I am wrong as I miss his postings
hk ab 15:51 GMT October 25, 2007
CS, I also wonder where GC Martin and Gecko.
Gecko, has the roller coaster on gold front waived?
FW CS 15:47 GMT October 25, 2007
I wonder where EU Zorro went with his calls to buy Euro all the time
Labels: Euro
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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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