Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, April 27, 2012
van Gecko 09:08 GMT April 27, 2012
GBP : Reply
Her majesty's bull run now looking bloated & ready to roll-over after running over Svejk's SOB'ers.. @_@
SAM here @1.6188 risking 33 pips & SOB blips 1.6228~1.6288 risk 200 pips for 1000+ targeting 1.58 ~ 1.56 ~ 1.54 ~ 1.52 ~1.43!
Good "Sell..n..Snooze" (SS not BS :) M/T betting odds here for another lead/lag Merry Go South journey with cousin Euro..
trade safe.. hoard pips & Cheerios..
GBP : Reply
Her majesty's bull run now looking bloated & ready to roll-over after running over Svejk's SOB'ers.. @_@
SAM here @1.6188 risking 33 pips & SOB blips 1.6228~1.6288 risk 200 pips for 1000+ targeting 1.58 ~ 1.56 ~ 1.54 ~ 1.52 ~1.43!
Good "Sell..n..Snooze" (SS not BS :) M/T betting odds here for another lead/lag Merry Go South journey with cousin Euro..
trade safe.. hoard pips & Cheerios..
Labels: GBP
Wednesday, April 18, 2012
van Gecko 11:21 GMT April 18, 2012
GBP : Reply
Sell GBPUSD
Entry: Target: Stop:
Sell GBP..
SAM here @1.5988 & SOB 1.5998~1.6028.. stop on weekly above 1.60.. M/T targets 1.58 ~ 1.56 ~ 1.54 ~ 1.52 ~1.43!
@ vely good risk adjusted levels here for Svejk's M/T SOB'ers looking for multi-figure paydays..
Down moves lagging behind cousin Eurloo..
Cheerios..
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..
GBP : Reply
Sell GBPUSD
Entry: Target: Stop:
Sell GBP..
SAM here @1.5988 & SOB 1.5998~1.6028.. stop on weekly above 1.60.. M/T targets 1.58 ~ 1.56 ~ 1.54 ~ 1.52 ~1.43!
@ vely good risk adjusted levels here for Svejk's M/T SOB'ers looking for multi-figure paydays..
Down moves lagging behind cousin Eurloo..
Cheerios..
Labels: GBP
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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