Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, February 28, 2008
van Gecko 17:18 GMT February 28, 2008
FW CS 15:45// thanks for your views.. imo good risk-adjusted contras should be part of every trader's FX bag of tricks.. its just that traders or trading methods must be aware of the prevailing market dynamics at all time & act accordingly with his tools.. a boxer with only a 'left hand jab' in his arsenal is a quacking sitting duck while waiting for that eventual big KO..
FW CS 15:45 GMT February 28, 2008
van Gecko 14:28 GMT February 28, 2008
Good to hear from you friend. No more top picking on Euro then?
I agree buy and hold for Euro-- $ looks sick very sick.
van Gecko 14:28 GMT February 28, 2008
Euro high 1.50's may be seen by default under the present inter-market dynamics.. this is as close to a no brainer BS play (Buy & Snooze) as one could wish for in this biz.. a win win scenario for Europhiles & Eur/Jpy Longkies.. cheerios
Euro @1.51
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..
FW CS 15:45// thanks for your views.. imo good risk-adjusted contras should be part of every trader's FX bag of tricks.. its just that traders or trading methods must be aware of the prevailing market dynamics at all time & act accordingly with his tools.. a boxer with only a 'left hand jab' in his arsenal is a quacking sitting duck while waiting for that eventual big KO..
FW CS 15:45 GMT February 28, 2008
van Gecko 14:28 GMT February 28, 2008
Good to hear from you friend. No more top picking on Euro then?
I agree buy and hold for Euro-- $ looks sick very sick.
van Gecko 14:28 GMT February 28, 2008
Euro high 1.50's may be seen by default under the present inter-market dynamics.. this is as close to a no brainer BS play (Buy & Snooze) as one could wish for in this biz.. a win win scenario for Europhiles & Eur/Jpy Longkies.. cheerios
Euro @1.51
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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