Gaining an Edge over the Forex game of Mind, Money, & Wealth
Monday, August 08, 2011
van Gecko 07:08 GMT August 8, 2011
The Dollar setting up for another Thanksgiving run.. Good scale in opportunities across the board from current levels for long distance marchers.. multi-year range players.. (& clam diggers in Aruba :)
Medium Term targets:
Dollar Index 85 ~~ 98
USDCHF .90 ~~ 1.18
USDJPY .88 ~~ 1.08
EURUSD 1.25 ~~ 1.08
GBPUSD 1.43 ~~ 1.13
keeping calm (before the Dollar storm).. trade safe & hoard Cheerios..
Euro @1.44
Dollar Index @08082011
Dallas ZEUS 00:17 GMT August 8, 2011 - My Profile
Keeping Calm: Reply
In keeping calm, one can take a counterintuitive approach during the confusion and turmoil and go long USD and come out ahead. Go long USD and go to Aruba
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..
The Dollar setting up for another Thanksgiving run.. Good scale in opportunities across the board from current levels for long distance marchers.. multi-year range players.. (& clam diggers in Aruba :)
Medium Term targets:
Dollar Index 85 ~~ 98
USDCHF .90 ~~ 1.18
USDJPY .88 ~~ 1.08
EURUSD 1.25 ~~ 1.08
GBPUSD 1.43 ~~ 1.13
keeping calm (before the Dollar storm).. trade safe & hoard Cheerios..
Euro @1.44
Dollar Index @08082011
Dallas ZEUS 00:17 GMT August 8, 2011 - My Profile
Keeping Calm: Reply
In keeping calm, one can take a counterintuitive approach during the confusion and turmoil and go long USD and come out ahead. Go long USD and go to Aruba
Labels: USD
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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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