Gaining an Edge over the Forex game of Mind, Money, & Wealth
Tuesday, June 26, 2012
van Gecko 09:43 GMT June 26, 2012
EUR/USD: Reply
kl shawn.. 1.2570.. 1.2770.. will print when M/T hoarders are finished with accumulation & ready to move the market away from these levels.. there is a palpable difference between M/T players and S/T pikers rushing for mini tops & bottoms..
Cheerios.. :)
van Gecko 08:02 GMT June 26, 2012
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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..
EUR/USD: Reply
kl shawn.. 1.2570.. 1.2770.. will print when M/T hoarders are finished with accumulation & ready to move the market away from these levels.. there is a palpable difference between M/T players and S/T pikers rushing for mini tops & bottoms..
Cheerios.. :)
van Gecko 08:02 GMT June 26, 2012
EUR/USD: Reply
Euro & GBP on another race to re-print year Highs from multi-year supports.. :)
fwiwW
who's hoarding sub 1.25 Euro ?
Deutsche Bank ?Euro & GBP on another race to re-print year Highs from multi-year supports.. :)
fwiwW
who's hoarding sub 1.25 Euro ?
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Perth WTR 07:57 GMT June 26, 2012
Usd: Reply
tom, i tried going short euro 1.2513, stop above 1.2540
looking for 1.2470 again, a break will bring 1.2340-50 and then 1.22xx
Usd: Reply
tom, i tried going short euro 1.2513, stop above 1.2540
looking for 1.2470 again, a break will bring 1.2340-50 and then 1.22xx
manila tom 07:54 GMT June 26, 2012
Usd: Reply
looks like it, euro will be hard pressed
hard to see it rally back above 1.2530-50
maybe will drift lower once again
Usd: Reply
looks like it, euro will be hard pressed
hard to see it rally back above 1.2530-50
maybe will drift lower once again
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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