Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, January 29, 2009
Lahore FM 13:16 GMT January 29, 2009
thanx for the reply Gecko!
van Gecko 10:38 GMT January 29, 2009
Lahore FM 08:55//
nice swing trades FM..
bad fengshui to be short of dollar starting the Chinese new year playing this game of Mind, Money & Wealth..fwiwW
St. Pete islander 09:08//
islander, Happy New Year to you too.. looks like that eccentric old fella could tease with a wide range 1.37/1.47 traverse for a while.. that said, sustained monthly below 1.41 its "January Drop/February Flop" tendencies could kick in to the delight of the Queen's dollar long marching soldiers..
jkt-aye 09:10// HK RF@ 09:54// Syd 10:15//
Happy New Year!
Syd 10:15 GMT January 29, 2009
van Gecko 08:43 GMT welcome back you have been missed :-))
HK RF@ 09:54 GMT January 29, 2009
LUCKY NEW YEAR:
van Gecko 08:43 GMT January 29, 2009
Thank you for enlightening fundamental I didn't know about.
It is a kind of inside information hehe.
At least from the past it was a tradition among Chinese to keep some gold at the Chinese new year as a symbol of wealth and luck for the new year.
jkt-aye 09:10 GMT January 29, 2009
Van Gecko with his magic # remind me about the sleeping detective mouri kogorou :).
nice to see you around mate. cheers
St. Pete islander 09:08 GMT January 29, 2009
Gecko, it's good to see you haven't retired! Hope you are well and a Happy New Year to you. What is your take on Queenie? Come see us more often, please. gt
Lahore FM 08:55 GMT January 29, 2009
hi van Gecko,good to see you after a long long time!
can you kindly throw some light what's the connection in new lunar year and not being short dollar?
van Gecko 08:43 GMT January 29, 2009
//HK RF@ 04:36 GMT January 29, 2009
Euro bandwagon-longs-carnage//
wouldn't be surprise to see a flush down to 1.2888/1.2788 as most Asian players of size would not want to be short dollar starting the lunar new year..
HK RF@ 04:36 GMT January 29, 2009
Euro bandwagon-longs-carnage, may continue to another blow of more than 100 drop into the 1.29-1.30 range.
And later possible even some more losses.
_______________________________________________________________________________________________
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..
thanx for the reply Gecko!
van Gecko 10:38 GMT January 29, 2009
Lahore FM 08:55//
nice swing trades FM..
bad fengshui to be short of dollar starting the Chinese new year playing this game of Mind, Money & Wealth..fwiwW
St. Pete islander 09:08//
islander, Happy New Year to you too.. looks like that eccentric old fella could tease with a wide range 1.37/1.47 traverse for a while.. that said, sustained monthly below 1.41 its "January Drop/February Flop" tendencies could kick in to the delight of the Queen's dollar long marching soldiers..
jkt-aye 09:10// HK RF@ 09:54// Syd 10:15//
Happy New Year!
Syd 10:15 GMT January 29, 2009
van Gecko 08:43 GMT welcome back you have been missed :-))
HK RF@ 09:54 GMT January 29, 2009
LUCKY NEW YEAR:
van Gecko 08:43 GMT January 29, 2009
Thank you for enlightening fundamental I didn't know about.
It is a kind of inside information hehe.
At least from the past it was a tradition among Chinese to keep some gold at the Chinese new year as a symbol of wealth and luck for the new year.
jkt-aye 09:10 GMT January 29, 2009
Van Gecko with his magic # remind me about the sleeping detective mouri kogorou :).
nice to see you around mate. cheers
St. Pete islander 09:08 GMT January 29, 2009
Gecko, it's good to see you haven't retired! Hope you are well and a Happy New Year to you. What is your take on Queenie? Come see us more often, please. gt
Lahore FM 08:55 GMT January 29, 2009
hi van Gecko,good to see you after a long long time!
can you kindly throw some light what's the connection in new lunar year and not being short dollar?
van Gecko 08:43 GMT January 29, 2009
//HK RF@ 04:36 GMT January 29, 2009
Euro bandwagon-longs-carnage//
wouldn't be surprise to see a flush down to 1.2888/1.2788 as most Asian players of size would not want to be short dollar starting the lunar new year..
HK RF@ 04:36 GMT January 29, 2009
Euro bandwagon-longs-carnage, may continue to another blow of more than 100 drop into the 1.29-1.30 range.
And later possible even some more losses.
_______________________________________________________________________________________________
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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