Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, May 29, 2008
St. Pete Islander 15:58 GMT May 29, 2008
van Gecko 15:05 GMT May 29, 2008 Thanks for your views. Sailing, like trading, requires an understanding of which way the wind is blowing and how the waves effect your boat. Your insight is always welcome knowledge. Fair winds, Gecko.
van Gecko 15:05 GMT May 29, 2008
Islander 09:58 GMT// good to hear from you.. GBP's short & medium term slide from historic highs is still in play despite the weekly blips & intraday noises.. sustained weeklies below 1.9350 & some of her majesty's loyal long marching soldiers are gunning for the yearly ATR down at the 1.80's.. near term, gold below 800 or eur/gbp below .7750 could liven up the lead lag jive dancing between the trio..
stay well & keep on sailing..:)
St. Pete Islander 09:58 GMT May 29, 2008
van Gecko 09:38 GMT May 29, 2008 Good afternoon, old friend. Hope you are well. If I may ask, where do you see the Queen going in the coming weeks, months. Cheers and GT.
van Gecko 09:38 GMT May 29, 2008
current end of month volatility could induce more donations from europhiles & print 1.5450/00 to end May..
weeklies below 1.5350 targets 1.4850/00 for Q2..
"sell in May & go away" for some brave Sons Of Beatrice ?
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..
van Gecko 15:05 GMT May 29, 2008 Thanks for your views. Sailing, like trading, requires an understanding of which way the wind is blowing and how the waves effect your boat. Your insight is always welcome knowledge. Fair winds, Gecko.
van Gecko 15:05 GMT May 29, 2008
Islander 09:58 GMT// good to hear from you.. GBP's short & medium term slide from historic highs is still in play despite the weekly blips & intraday noises.. sustained weeklies below 1.9350 & some of her majesty's loyal long marching soldiers are gunning for the yearly ATR down at the 1.80's.. near term, gold below 800 or eur/gbp below .7750 could liven up the lead lag jive dancing between the trio..
stay well & keep on sailing..:)
St. Pete Islander 09:58 GMT May 29, 2008
van Gecko 09:38 GMT May 29, 2008 Good afternoon, old friend. Hope you are well. If I may ask, where do you see the Queen going in the coming weeks, months. Cheers and GT.
van Gecko 09:38 GMT May 29, 2008
current end of month volatility could induce more donations from europhiles & print 1.5450/00 to end May..
weeklies below 1.5350 targets 1.4850/00 for Q2..
"sell in May & go away" for some brave Sons Of Beatrice ?
Labels: GBP
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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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