Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, June 13, 2012
van Gecko 09:23 GMT June 13, 2012
Lahore FM 20:42 GMT June 12, 2012 - My Profile
" Trade Ideas " : Reply
Buy EURUSD
Entry: 1.2506 Target: Stop: 1.2430
long here again.barring a monkey wrench its all set for higher imho!
" Trade Ideas " : Reply
Buy EURUSD
Entry: 1.2506 Target: Stop: 1.2430
long here again.barring a monkey wrench its all set for higher imho!
van Gecko 15:22 GMT June 11, 2012
EUR/USD: Reply
Good buy here @1.2498.. next gap to fill up @1.3088
Cheerios..
___________________________________________________________
Hong Kong Qindex 14:35 GMT June 11, 2012 - My Profile
EUR/USD : Critical Point 1.2530 : Reply Sell EURUSD
Entry: Target: Stop:
EUR/USD : As shown in the monthly cycle directional indicator the current expected trading range is 1.2441 - 1.2577.
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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