trading801's Koala Forex Articles and EUR/USD views

"Sept. 3 (Bloomberg) -- Stocks in China rose the most in six months, driving the yen and Treasuries lower, on speculation the government will adopt measures to boost equities after the Shanghai Composite Index fell into a bear market.

The gain in U.S. futures indicated the S&P 500 may climb for the first time in five days, halting the longest losing streak since May. "



ok i try to be objective and these are positive news however i cant help commenting that these days, trading sessions flip between green and red undecided.

ECB minimum bid rate will be released in around 45minutes.

Price may get choppy.

Do set your SL and TP well.

anyway i exited my positive trades to be on the safe side before the news come ~

Latest Article 2 Sep 09

EUR/USD needs more reason to climb

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Rates unchanged as predicted.

Sept. 3 (Bloomberg) -- The European Central Bank left interest rates at a record low and may signal it’s in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering from its worst recession since World War II.

Both S & P 500 and oil green.

Daily view to follow soon.

Congratulations trading801 "mister Koala" very good job
I'm not using your system but I appreciate your work.

Pivot area !

Lets watch what is next

Thank you Jm4x. I hope you visit me here often !

Latest Article 3 Sep 09

EUR/USD slides

"As of now, the markets are red.

After pushing through the R1 point today, the EUR/USD eases and heads south to rest right on the pivot now...."

Probably this is causing some positive sentiment for now.

Sept. 3 (Bloomberg) -- U.S. service industries shrank at a slower pace in August, adding to evidence the economy is starting to pull out of the worst recession since the Great Depression.

NFP today. trade safe

Pivots for today from actionforex.

------S3 ------S2 -------S1------- PP----- -R1 ------R2-------R3
Daily--1.4096---1.4166---1.4208---1.4278---1.4320---1.4390---1.4432

Latest Article 3 Sep 09

EUR/USD slides

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Uncertainty at the end of the week.


Sept. 4 (Bloomberg) -- Asian stocks fluctuated as higher commodity prices boosted mining and energy producers. Healthcare companies declined.

Four stocks declined for every three that rose on the MSCI Asia Pacific Index, which was little changed at 112.57 as of 10:38 a.m. in Tokyo. The gauge has lost 1.3 percent this week, paring its advance from a five-year low on March 9 to 59 percent.

Note that S & P 500 climbed back to 1000 yesterday.

After NFP today, results on either side may push it respectively.

Sept. 4 (Bloomberg) -- Crude oil traded little changed near $68 a barrel, poised for the biggest decline in eight weeks, on speculation that OPEC will keep output steady as gasoline demand slows with the end of the U.S. summer driving season.

A look at the NFP forcast shows that fewer folks are expected to lose their jobs.

Any increase will trigger reactions that the market's recovery is far.

Latest Article 3 Sep 09

EUR/USD slides

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Pivot point hit !

Potential reverse area if any

Price action has failed to climb above PP and is now under again.

I am waiting for Koala confirmation to enter short.

While more jobs are still loss, i dont think it has recovered...

anyway, this is better than nothing

Sept. 4 (Bloomberg) -- Economic policy makers are signaling they plan to leave emergency stimulus in place even as the global economy pulls out of recession, delivering what Credit Suisse Group AG and Bank of America Corp. call a “sweet spot” for financial markets.

With NFP looming close,

you may wish to read about it.

I wrote about NFP last month.

http://www.thegeekknows.com/2009/06/...d-eur-usd.html