Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, November 29, 2007
van Gecko 04:54 GMT November 29, 2007
hello jkt-aye.. hope you are fine.. her majesty GBP getting a head start on the Conti cousin's Merry Go South holiday with that big breakdown gap from historic highs.. not to be out done, cousin Euro is doing a delayed catch down act but could take over the lead with Eur/GBP starting its year end correction from multi-year highs..
gl
jkt-aye 04:22 GMT November 29, 2007
hello Gecko, long time no see. any new chop2 recipe ? good trades
Lahore FM 03:58 GMT November 29, 2007
agree with you Gecko.
van Gecko 03:54 GMT November 29, 2007
Japanese Crosses looking heavy despite Asian stocks gapping 3% above yesterday's closes.. could see a nice intraday gap slap across the board with Range & Positional players reloading here at the 3 week range highs under the shadows of Weekly, Monthly, & Quarterly side to down bias from historic highs..fwiwW
Nikki @15,500 Heng Seng @28,500 Usd/Jpy @110.25 Eur/Jpy @163.60
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 jkt-aye.. hope you are fine.. her majesty GBP getting a head start on the Conti cousin's Merry Go South holiday with that big breakdown gap from historic highs.. not to be out done, cousin Euro is doing a delayed catch down act but could take over the lead with Eur/GBP starting its year end correction from multi-year highs..
gl
jkt-aye 04:22 GMT November 29, 2007
hello Gecko, long time no see. any new chop2 recipe ? good trades
Lahore FM 03:58 GMT November 29, 2007
agree with you Gecko.
van Gecko 03:54 GMT November 29, 2007
Japanese Crosses looking heavy despite Asian stocks gapping 3% above yesterday's closes.. could see a nice intraday gap slap across the board with Range & Positional players reloading here at the 3 week range highs under the shadows of Weekly, Monthly, & Quarterly side to down bias from historic highs..fwiwW
Nikki @15,500 Heng Seng @28,500 Usd/Jpy @110.25 Eur/Jpy @163.60
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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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