Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, October 21, 2008
van Gecko 08:08 GMT October 21, 2008
re. market volatility & wrong-way bets
EUR/GBP flashing Fall house cleaning signs after 6 months of setback from .8000.. the cross & Gold seems to be setting up for a year end "Southern Comfort Race" to clean out some stale longs..
103 beats per minute tricks of the trade to help jump-start a stopped heart & navigate trading during these volatile times.. meanwhile, another $2 Billion wrong-way bet bites the dust..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..
re. market volatility & wrong-way bets
EUR/GBP flashing Fall house cleaning signs after 6 months of setback from .8000.. the cross & Gold seems to be setting up for a year end "Southern Comfort Race" to clean out some stale longs..
103 beats per minute tricks of the trade to help jump-start a stopped heart & navigate trading during these volatile times.. meanwhile, another $2 Billion wrong-way bet bites the dust..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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