Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, June 05, 2012
Israel Dil 13:18 GMT June 5, 2012
van Gecko: Reply
Sell EURUSD
Entry: Target: Stop:
maybe van Gecko is right but I think to justify calling a bottom needs more than 250 pips bounce in three sessions. Watch the crash when it comes and if it comes - I am short and that seems to be the thin side of the market in this forum :-)
van Gecko 13:05 GMT June 5, 2012
EUR/USD: Reply
Chicago hates picking London left-overs.. the panic flush occurred 2 days ago..
van Gecko 12:35 GMT June 5, 2012
EUR/USD: Reply
I won't be surprised if Chicago push it back up to the 1.25 7th Heaven launch-pad.. sub 1.20 will have to wait for few more moons..
Israel Dil 11:59 GMT June 5, 2012
EUR/USD - technical note: Reply
it's about to get funny because there is technical reasoning to enter long trades. burn your fingers and empty the wallet scenario to take place for those not able to trade beyond the chart.
no reason to get long before sub 1.2 prints at least, the very at least.
MM
Israel Dil 10:06 GMT June 5, 2012
Forex Trading- Whats Moving Markets: Reply
Buy EURUSD
Entry: JOKE Target: JOKE Stop: JOKE
___________________________________________________________
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..
van Gecko: Reply
Sell EURUSD
Entry: Target: Stop:
maybe van Gecko is right but I think to justify calling a bottom needs more than 250 pips bounce in three sessions. Watch the crash when it comes and if it comes - I am short and that seems to be the thin side of the market in this forum :-)
van Gecko 13:05 GMT June 5, 2012
EUR/USD: Reply
Chicago hates picking London left-overs.. the panic flush occurred 2 days ago..
Israel Dil 12:39 GMT June 5, 2012
van Gecko: Reply
technically you are right. but pre-Greek elections sub 1.2 move looks to be the play on cards for now and that the extra panic factos europhiles are waiting for, in my opinion :-)
van Gecko: Reply
technically you are right. but pre-Greek elections sub 1.2 move looks to be the play on cards for now and that the extra panic factos europhiles are waiting for, in my opinion :-)
singapore td 12:39 GMT June 5, 2012
EUR/USD: Reply
yes Gecko, the structure is there, now let's push it higher, should see 1.26 from here
EUR/USD: Reply
yes Gecko, the structure is there, now let's push it higher, should see 1.26 from here
van Gecko 12:35 GMT June 5, 2012
EUR/USD: Reply
I won't be surprised if Chicago push it back up to the 1.25 7th Heaven launch-pad.. sub 1.20 will have to wait for few more moons..
Israel Dil 11:59 GMT June 5, 2012
EUR/USD - technical note: Reply
it's about to get funny because there is technical reasoning to enter long trades. burn your fingers and empty the wallet scenario to take place for those not able to trade beyond the chart.
no reason to get long before sub 1.2 prints at least, the very at least.
MM
Israel Dil 10:06 GMT June 5, 2012
Forex Trading- Whats Moving Markets: Reply
Buy EURUSD
Entry: JOKE Target: JOKE Stop: JOKE
___________________________________________________________
Labels: Euro
Comments:
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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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