Gaining an Edge over the Forex game of Mind, Money, & Wealth
Saturday, June 23, 2012
van Gecko 13:05 GMT June 22, 2012
EUR/USD: Reply
HK Kevin 09:38 GMT.. Market rarely supports lopsided bets..
Euro could chop around 1.25 ~ 1.27 teasing bulls & bears for a while before going on its merry way.. M/T SOB'er & BOD'er need to be patient in this never ending game..
gl
HK Kevin 09:38 GMT June 22, 2012
EUR/USD: Reply
van Gecko 06:56 GMT, I am a little bit surprise of not much follow through on USD strength this Asian and European morning. Closed 1/3 of my short EUR and AUD positions earlier and keep a tight stop loss.
van Gecko 06:56 GMT June 22, 2012
EUR/USD: Reply
Buy EURUSD
Entry: 1.2524~1.2468 Target: above 1.2777 Stop: 200 pips
Buy Eurlow 1.2524~1.2468.. risk 2 figures for another 5+ figures above 1.2777..
Market doing some house-cleaning here after printing 1.27th Heaven.. Good re-load window here for pikers & M/T europhiles looking for higher grounds..
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
HK Kevin 09:38 GMT.. Market rarely supports lopsided bets..
Euro could chop around 1.25 ~ 1.27 teasing bulls & bears for a while before going on its merry way.. M/T SOB'er & BOD'er need to be patient in this never ending game..
gl
HK Kevin 09:38 GMT June 22, 2012
EUR/USD: Reply
van Gecko 06:56 GMT, I am a little bit surprise of not much follow through on USD strength this Asian and European morning. Closed 1/3 of my short EUR and AUD positions earlier and keep a tight stop loss.
van Gecko 06:56 GMT June 22, 2012
EUR/USD: Reply
Buy EURUSD
Entry: 1.2524~1.2468 Target: above 1.2777 Stop: 200 pips
Buy Eurlow 1.2524~1.2468.. risk 2 figures for another 5+ figures above 1.2777..
Market doing some house-cleaning here after printing 1.27th Heaven.. Good re-load window here for pikers & M/T europhiles looking for higher grounds..
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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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