Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, August 18, 2011
Syd 20:39 GMT August 18, 2011
Father Of The Euro: It's "On The Edge Of A Precipice: Reply
Jacques Delors -- one man responsible for ushering in the European Economic and Monetary Union -- told Swiss newspaper Le Temps that Europe and the euro risk falling from "the edge of a precipice."
"To avoid falling, the choice looks straightforward to me: either member states accept the robust economic partnership I always demanded, or they transfer more powers to the Union," said Delors, who served as European Commission president from 1985 to 1994.
LINK
van Gecko 16:53 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
well Rafe.. I would imagine anyone spending unmentionable yards pushing it up here would be more worry with how to scale out with profits.. then again, there's an endless supply of pip-mongers willing to join the party at L/T tops & bottoms.. :)
good night..
Ind! Rafe... 16:30 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
Van Gecko//Trust me they got the money and clout, they can spend unmentionable yards of money to get us there.
We are gonna breakout to the upside eventually.
van Gecko 16:10 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
You may be right Rafe! may be some smart M/T Europhile money will come in here & push it another 20 figures higher from this L/T high.. :)
Ind! Rafe... 15:34 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
And above that it's gonna go to 16145.
van Gecko 15:28 GMT August 18, 2011
Q4 "Quantitative Easy Slide" :
The little Dollar coming alive while cousin Euro is still at good M/T SOB levels with its weekly coil ready to unwound.. below 1.4250 on this leg it may start humming Engelbert Humperdinck's please "Release Me" from this snoozy 1.4 band..
Euro @1.4350
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..
Father Of The Euro: It's "On The Edge Of A Precipice: Reply
Jacques Delors -- one man responsible for ushering in the European Economic and Monetary Union -- told Swiss newspaper Le Temps that Europe and the euro risk falling from "the edge of a precipice."
"To avoid falling, the choice looks straightforward to me: either member states accept the robust economic partnership I always demanded, or they transfer more powers to the Union," said Delors, who served as European Commission president from 1985 to 1994.
LINK
van Gecko 16:53 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
well Rafe.. I would imagine anyone spending unmentionable yards pushing it up here would be more worry with how to scale out with profits.. then again, there's an endless supply of pip-mongers willing to join the party at L/T tops & bottoms.. :)
good night..
Ind! Rafe... 16:30 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
Van Gecko//Trust me they got the money and clout, they can spend unmentionable yards of money to get us there.
We are gonna breakout to the upside eventually.
van Gecko 16:10 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
You may be right Rafe! may be some smart M/T Europhile money will come in here & push it another 20 figures higher from this L/T high.. :)
Ind! Rafe... 15:34 GMT August 18, 2011
Q4 "Quantitative Easy Slide" : Reply
And above that it's gonna go to 16145.
van Gecko 15:28 GMT August 18, 2011
Q4 "Quantitative Easy Slide" :
The little Dollar coming alive while cousin Euro is still at good M/T SOB levels with its weekly coil ready to unwound.. below 1.4250 on this leg it may start humming Engelbert Humperdinck's please "Release Me" from this snoozy 1.4 band..
Euro @1.4350
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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