Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, January 26, 2011
Syd 07:24 GMT January 26, 2011
Euro at $1.20 Mid-Year, More Volatility for AUD:
The Aussie looks good long term as a proxy for Asia, says David Mann, head of research, Americas at Standard Chartered Bank. But he is concerned that broader U.S. dollar strength in the first half could hurt the Aussie.
van Gecko 05:57 GMT January 26, 2011
EURUSD~>1.26~>1.18->1 :
GBP flashing good February Flop form with nice warm up summersaults from 1.60.. expect more to come with double reverse head butt dives against 1.59.. EURO warming up at the 1.36 spring board.. could out dive cousin GBP should GBP continue to tease with 1.59~1.57 flops while EURGBP retreat from .86
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..
Euro at $1.20 Mid-Year, More Volatility for AUD:
The Aussie looks good long term as a proxy for Asia, says David Mann, head of research, Americas at Standard Chartered Bank. But he is concerned that broader U.S. dollar strength in the first half could hurt the Aussie.
van Gecko 05:57 GMT January 26, 2011
EURUSD~>1.26~>1.18->1 :
GBP flashing good February Flop form with nice warm up summersaults from 1.60.. expect more to come with double reverse head butt dives against 1.59.. EURO warming up at the 1.36 spring board.. could out dive cousin GBP should GBP continue to tease with 1.59~1.57 flops while EURGBP retreat from .86
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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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