Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, January 23, 2008
van Gecko 11:13 GMT January 23, 2008
m/t bias for Cable remains side to down..that eccentric old fella could tease bulls & bears within the 1.95/90 levels prior to making any "sustainable bounce".. good s/t profits can be had for patient SOB/SOSB bears & BOD/BOSD bulls & bears.. fwiwW
Syd 10:37 GMT January 23, 2008
Barclays Capital saying
Cable's key-day reversal accompanied by bullish divergence presented the first evidence of short-covering this year, says Barclays Capital. The pound could now be on the cusp of making a sustainable recovery, says the bank, although it will take a move above 1.96 then 1.98 to squeeze out the trend followers. For this bullish scenario to hold, cable needs to find support above 1.9475, says BarCap.
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..
m/t bias for Cable remains side to down..that eccentric old fella could tease bulls & bears within the 1.95/90 levels prior to making any "sustainable bounce".. good s/t profits can be had for patient SOB/SOSB bears & BOD/BOSD bulls & bears.. fwiwW
Syd 10:37 GMT January 23, 2008
Barclays Capital saying
Cable's key-day reversal accompanied by bullish divergence presented the first evidence of short-covering this year, says Barclays Capital. The pound could now be on the cusp of making a sustainable recovery, says the bank, although it will take a move above 1.96 then 1.98 to squeeze out the trend followers. For this bullish scenario to hold, cable needs to find support above 1.9475, says BarCap.
Labels: GBP
Comments:
Post a Comment
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..
Archives
- 12/2000
- 06/2001
- 12/2001
- 06/2002
- 09/2002
- 12/2002
- 01/2003
- 02/2003
- 03/2003
- 04/2003
- 05/2003
- 06/2003
- 07/2003
- 08/2003
- 09/2003
- 11/2003
- 12/2003
- 01/2004
- 02/2004
- 03/2004
- 04/2004
- 05/2004
- 06/2004
- 07/2004
- 08/2004
- 09/2004
- 10/2004
- 11/2004
- 12/2004
- 01/2005
- 02/2005
- 03/2005
- 04/2005
- 05/2005
- 06/2005
- 08/2005
- 09/2005
- 10/2005
- 11/2005
- 12/2005
- 01/2006
- 02/2006
- 03/2006
- 04/2006
- 05/2006
- 06/2006
- 07/2006
- 08/2006
- 09/2006
- 10/2006
- 11/2006
- 12/2006
- 01/2007
- 02/2007
- 03/2007
- 04/2007
- 05/2007
- 06/2007
- 07/2007
- 08/2007
- 10/2007
- 11/2007
- 12/2007
- 01/2008
- 02/2008
- 04/2008
- 05/2008
- 06/2008
- 07/2008
- 08/2008
- 09/2008
- 10/2008
- 12/2008
- 01/2009
- 02/2009
- 04/2009
- 05/2009
- 09/2009
- 10/2009
- 11/2009
- 12/2009
- 02/2010
- 04/2010
- 05/2010
- 07/2010
- 08/2010
- 09/2010
- 10/2010
- 12/2010
- 01/2011
- 03/2011
- 08/2011
- 09/2011
- 10/2011
- 11/2011
- 12/2011
- 01/2012
- 02/2012
- 04/2012
- 05/2012
- 06/2012
- 09/2012
- 10/2012
- 11/2012
- 04/2013
- 12/2013
