Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, August 06, 2008
eu kaprikorn 08:48 GMT August 6, 2008
van Gecko ....
nice observation
van Gecko 08:39 GMT August 6, 2008
interesting start for August.. Yenophobies & Euro/Yen Longkies buying on dips.. Europhilies refuse to give up while more Ducks are quacking again with each recent dollar blip..
Euro looks bloated since April after the no brainer rise from 1.50, but still not ready to roll-over with 1.60+ continue as the defaulted s/t risk for the dollar.. however, Europhiles should snooze with one eye close while keeping the other on Euro/Yen & Euro/GBP Longkies.. cheerios
jkt-aye 18:45 GMT August 4, 2008
this is my Fx "football" team :
goalkeeper : Shanghai BC
defender : GC Martin, Quito Valdez, LA Igrok, Euroqueen
midfielder : Qindex, Athens, van Gecko, Syd
striker : USA Zeus, Lahore FM
coach : Jay & John
let score ............ :)
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 ....
nice observation
van Gecko 08:39 GMT August 6, 2008
interesting start for August.. Yenophobies & Euro/Yen Longkies buying on dips.. Europhilies refuse to give up while more Ducks are quacking again with each recent dollar blip..
Euro looks bloated since April after the no brainer rise from 1.50, but still not ready to roll-over with 1.60+ continue as the defaulted s/t risk for the dollar.. however, Europhiles should snooze with one eye close while keeping the other on Euro/Yen & Euro/GBP Longkies.. cheerios
jkt-aye 18:45 GMT August 4, 2008
this is my Fx "football" team :
goalkeeper : Shanghai BC
defender : GC Martin, Quito Valdez, LA Igrok, Euroqueen
midfielder : Qindex, Athens, van Gecko, Syd
striker : USA Zeus, Lahore FM
coach : Jay & John
let score ............ :)
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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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