Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, March 03, 2011
van Gecko 08:09 GMT March 3, 2011
EURUSD~>1.26~>1.18->1 :
EURO & GBP now entering good risk adjusted M/T levels for long distance SOB marchers willing to risk 200-300 pips for 1000-1800 pips..
1.3868~1.3898 and over-shots to 1.3998 if seen are good scale in levels for another 10 to 18 figure south marching payday for position players.. Only sustained weeklies above 1.3998 from here could open up the 1.50 skies again.. sustained break below 1.3788 confirms Reverse Acrophobic Whiplash M/T top for 1.28.. fwiwW..
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..
EURUSD~>1.26~>1.18->1 :
EURO & GBP now entering good risk adjusted M/T levels for long distance SOB marchers willing to risk 200-300 pips for 1000-1800 pips..
1.3868~1.3898 and over-shots to 1.3998 if seen are good scale in levels for another 10 to 18 figure south marching payday for position players.. Only sustained weeklies above 1.3998 from here could open up the 1.50 skies again.. sustained break below 1.3788 confirms Reverse Acrophobic Whiplash M/T top for 1.28.. fwiwW..
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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