Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, July 28, 2008
van Gecko 11:28 GMT July 28, 2008
St. Pete Islander 10:03//
her majesty is playing second fiddle to cousin Euro with Eur/Gbp stalled infront of .8100 & Euro basing below 1.60.. the medium bias is still side to down but short term plays are dominated by 2 way Rangers & nimble pip jockeys.. patient long marching soldiers are watching like a hawk for a sustained break of 2.00/1.94 for the next 1000 pip payday..
here's to the 'The way of the emperor' ;)
Plovdiv Gotin 10:19//
Euro supported by its crosses has some unfinish business above 1.60.. above 1.57 re-target 1.60+ in August..
gl..
Plovdiv Gotin 10:19 GMT July 28, 2008
van Gecko 09:38 GMT July 28, 2008
Hi mate, How do U see E/$?TIA.
St. Pete Islander 10:03 GMT July 28, 2008
van Gecko 09:38 GMT Good evening .... glad to see you are still around. It appears that Queenie isn't going to fare as well. Your thoughts? BTW, hope you are still following proper procedure for continued "youth". gt
van Gecko 09:38 GMT July 28, 2008
Some hard working Yenophobes had joined the lazy Europhilies & front running Euro/Yen Longkies for a three way race up to new highs.. Euro above 1.57 re-target 1.60+ in August while Dollar/Yen re-gaining 108 open up 110 again.. with the laggar refusing to give up, Euro/Yen could be the winner by default & level shift up to the 170/180 zones.. another 1000 pips Buy & Snooze target for long marching Longkies.. cheerios..
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..
St. Pete Islander 10:03//
her majesty is playing second fiddle to cousin Euro with Eur/Gbp stalled infront of .8100 & Euro basing below 1.60.. the medium bias is still side to down but short term plays are dominated by 2 way Rangers & nimble pip jockeys.. patient long marching soldiers are watching like a hawk for a sustained break of 2.00/1.94 for the next 1000 pip payday..
here's to the 'The way of the emperor' ;)
Plovdiv Gotin 10:19//
Euro supported by its crosses has some unfinish business above 1.60.. above 1.57 re-target 1.60+ in August..
gl..
Plovdiv Gotin 10:19 GMT July 28, 2008
van Gecko 09:38 GMT July 28, 2008
Hi mate, How do U see E/$?TIA.
St. Pete Islander 10:03 GMT July 28, 2008
van Gecko 09:38 GMT Good evening .... glad to see you are still around. It appears that Queenie isn't going to fare as well. Your thoughts? BTW, hope you are still following proper procedure for continued "youth". gt
van Gecko 09:38 GMT July 28, 2008
Some hard working Yenophobes had joined the lazy Europhilies & front running Euro/Yen Longkies for a three way race up to new highs.. Euro above 1.57 re-target 1.60+ in August while Dollar/Yen re-gaining 108 open up 110 again.. with the laggar refusing to give up, Euro/Yen could be the winner by default & level shift up to the 170/180 zones.. another 1000 pips Buy & Snooze target for long marching Longkies.. cheerios..
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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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