Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, November 05, 2007
van Gecko 03:13 GMT November 5, 2007
Shenzhen CP 15:30 GMT November 4, 2007//
Greed drives us to place bets or act on impulse while Fear cause us to close bets or pray & placing sound plus realistic Risk vs Reward bets are vital for anyone hoping to swim with the sharks in this cesspool of mind, money & wealth..
FX does not move in a straight line, Euro at 1.45 is a great contra bet for some short to mid-term money while the Fear of h'issing away multi-figure profits on counter moves are weighting on bulls of size.. react to what is happening now & let the wannabies & analysts curve-fit underlying rationales for the markets till their Fx cows come home..
gl
Shenzhen CP 15:30 GMT November 4, 2007
van Gecko 03:08 GMT November 3, 2007
"07:09 GMT November 1, 2007
...Euro up here within this 1.4450/1.4550 band matching daddy Dmark's old highs is a great contra for BBB (Brave, Beautiful Bears) looking for those rare good risk adjusted paydays... "
May I know the underlying rationales which drive Euro bulls to scale out at 1.45 and make Euro bears to enter short positions? Thank you
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 CP 15:30 GMT November 4, 2007//
Greed drives us to place bets or act on impulse while Fear cause us to close bets or pray & placing sound plus realistic Risk vs Reward bets are vital for anyone hoping to swim with the sharks in this cesspool of mind, money & wealth..
FX does not move in a straight line, Euro at 1.45 is a great contra bet for some short to mid-term money while the Fear of h'issing away multi-figure profits on counter moves are weighting on bulls of size.. react to what is happening now & let the wannabies & analysts curve-fit underlying rationales for the markets till their Fx cows come home..
gl
Shenzhen CP 15:30 GMT November 4, 2007
van Gecko 03:08 GMT November 3, 2007
"07:09 GMT November 1, 2007
...Euro up here within this 1.4450/1.4550 band matching daddy Dmark's old highs is a great contra for BBB (Brave, Beautiful Bears) looking for those rare good risk adjusted paydays... "
May I know the underlying rationales which drive Euro bulls to scale out at 1.45 and make Euro bears to enter short positions? Thank you
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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