Gaining an Edge over the Forex game of Mind, Money, & Wealth
Friday, December 08, 2006
the "falling dollar" @12/8
"van Gecko 10:18 GMT December 6, 2006
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720"
"Sydney ACC 16:58 GMT December 8, 2006
this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in both directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour"
Euro 1.3364->1.3193 GBP 1.9738->1.9519
______________________________________________
12/5 USDX @52wk Low 82.24 (euro@1.3362) specs increased their heavy shorts
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 analytics & 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 inorder to compensate for those times when we are wrong..
prime "V" correction/reversal set-up for the Euro & GBP train..
looks like pending Euro & GBP train wrecks..
euro@1.3310 GBP@1.9720"
"Sydney ACC 16:58 GMT December 8, 2006this is incredible, has anyone got a credible explanation, I haved never seen currencies move so much in both directions.
Extrapolate cable's range moves today and its 400 points, with the last 200 coming in the last half hour"
Euro 1.3364->1.3193 GBP 1.9738->1.9519
______________________________________________
12/5 USDX @52wk Low 82.24 (euro@1.3362) specs increased their heavy shorts
Labels: Euro
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 analytics & 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 inorder to compensate for those times when we are wrong..
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