Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 24, 2009
van Gecko 09:06 GMT September 24, 2009
Choosing Our Battles to Win: Reply
//Richland QC Mailman 14:10 GMT//
You can't change human nature.. :) money alway change hand from the majority to the minority..it's the rule of the game, or there will not be any market for us to play.. It's the size of the deal that count.. the common methodology & instinct of the majority had always been contrarian based.. an exercise in futility..
cheerio..
Richland QC Mailman 14:10 GMT September 23, 2009
Choosing Our Battles to Win: Reply
Thanks Jay. Even in diversity, I just hope our dear members will digest the post and the spirit behind the post. At the major battle point, majority of cooperative and humble members will set aside their egos and join the army. Not because of sheer instinct, but because we have adopted a common methodology, a worthwhile exercise.
GVI Forex Jay 14:02 GMT September 23, 2009
Choosing Our Battles to Win: Reply
Mailman, excellent post and what has always been a goal of our community. Check your email.
Richland QC Mailman 13:58 GMT September 23, 2009
Choosing Our Battles to Win: Reply
There are forex battles (price levels) ahead which can be foreseen, scrutinize even before the actual price action takes place. There are battles that are waiting to unfold. Question is: Will you join that major battle and side with the winning army when the right time comes?
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..
Choosing Our Battles to Win: Reply
//Richland QC Mailman 14:10 GMT//
You can't change human nature.. :) money alway change hand from the majority to the minority..it's the rule of the game, or there will not be any market for us to play.. It's the size of the deal that count.. the common methodology & instinct of the majority had always been contrarian based.. an exercise in futility..
cheerio..
Richland QC Mailman 14:10 GMT September 23, 2009
Choosing Our Battles to Win: Reply
Thanks Jay. Even in diversity, I just hope our dear members will digest the post and the spirit behind the post. At the major battle point, majority of cooperative and humble members will set aside their egos and join the army. Not because of sheer instinct, but because we have adopted a common methodology, a worthwhile exercise.
GVI Forex Jay 14:02 GMT September 23, 2009
Choosing Our Battles to Win: Reply
Mailman, excellent post and what has always been a goal of our community. Check your email.
Richland QC Mailman 13:58 GMT September 23, 2009
Choosing Our Battles to Win: Reply
There are forex battles (price levels) ahead which can be foreseen, scrutinize even before the actual price action takes place. There are battles that are waiting to unfold. Question is: Will you join that major battle and side with the winning army when the right time comes?
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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