Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, September 29, 2010
van Gecko 11:50 GMT September 29, 2010
Belgrade Knez 10:18 GMT..
Euro reached 1.36 ahead of her majesty's 1.66 so looks like Svejk's long marching soldiers are taking profits ahead of 1.60 & re-load on dips to 1.55~1.56 for another shot in Q4.. Europhiles may follow with EURGBP & EURJPY up against major M/T resistances here..
cheers..
Belgrade Knez 10:18 GMT September 29, 2010
van Gecko,
thanks for your posts ... always very valuable
could you please tell me your view for GBP/USD pair
Thank you.
van Gecko 07:48 GMT September 29, 2010
Sell EURUSD
Entry: 1.3633 & 1.3544 Target: 600~1000 pips Stop: 10 pips above 9GMT high
risk 10 piker pips for 1000 long marching pips
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..
Belgrade Knez 10:18 GMT..
Euro reached 1.36 ahead of her majesty's 1.66 so looks like Svejk's long marching soldiers are taking profits ahead of 1.60 & re-load on dips to 1.55~1.56 for another shot in Q4.. Europhiles may follow with EURGBP & EURJPY up against major M/T resistances here..
cheers..
Belgrade Knez 10:18 GMT September 29, 2010
van Gecko,
thanks for your posts ... always very valuable
could you please tell me your view for GBP/USD pair
Thank you.
van Gecko 07:48 GMT September 29, 2010
Sell EURUSD
Entry: 1.3633 & 1.3544 Target: 600~1000 pips Stop: 10 pips above 9GMT high
risk 10 piker pips for 1000 long marching pips
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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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