Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, September 23, 2010
Lahore FM 08:04 GMT September 23, 2010
EURJPY :
quite agree Gecko and a rush won't help the Europhiles!
more work needs to be done at lower levels on eurusd.
van Gecko 08:02 GMT September 23, 2010
EURJPY :
Good to see you too FM..
Seems like some Europhiles are in a rush to print 1.50 again.. another 6~8 figure correction like the last time from 1.3333 could inject more liquidity & still keep the moon-shot picture intact..:)
Lahore FM 07:44 GMT September 23, 2010
EURJPY :
hi Gecko,good to see you around!
van Gecko 07:43 GMT September 23, 2010
EURJPY :
Sell EURJPY
Sell EURGBP, EURO Target: 600~1000 pips Stop: 200 pips
Sell them all across the broad here..
Great risk adjusted multi-figure paydays ahead for Sell on Blippers & lazy Sell & Snoozers..
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..
EURJPY :
quite agree Gecko and a rush won't help the Europhiles!
more work needs to be done at lower levels on eurusd.
van Gecko 08:02 GMT September 23, 2010
EURJPY :
Good to see you too FM..
Seems like some Europhiles are in a rush to print 1.50 again.. another 6~8 figure correction like the last time from 1.3333 could inject more liquidity & still keep the moon-shot picture intact..:)
Lahore FM 07:44 GMT September 23, 2010
EURJPY :
hi Gecko,good to see you around!
van Gecko 07:43 GMT September 23, 2010
EURJPY :
Sell EURJPY
Sell EURGBP, EURO Target: 600~1000 pips Stop: 200 pips
Sell them all across the broad here..
Great risk adjusted multi-figure paydays ahead for Sell on Blippers & lazy Sell & Snoozers..
Labels: EURJPY
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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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