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trading801's Koala Forex Articles and EUR/USD views

  • #321
  • Sep 18, 2009 4:45pm Sep 18, 2009 4:45pm
I have never written before ,here on FF,but I like what you are doing,so keep us posted
  • #322
  • Sep 18, 2009 5:11pm Sep 18, 2009 5:11pm
Quoting Cobra

Ps. News hunting is for beginners.

With all respect to you that I am allowed to, but this letter you do not accept, All we know: news are source of all movements the market, trade without knowing the news is like driving with closed eyes, perhaps move car a little with closed eyes, but in the end anyone will crash.

I believe news to show us about the market to move and we find with technical entry point. At the end I thanks of trading801 for sharing Information and news.
We are here to help each other... We Learn Forex Together!
  • #323
  • Sep 18, 2009 8:31pm Sep 18, 2009 8:31pm
Quoting masoud123
With all respect to you that I am allowed to, but this letter you do not accept, All we know: news are source of all movements the market, trade without knowing the news is like driving with closed eyes, perhaps move car a little with closed eyes, but in the end anyone will crash.

I believe news to show us about the market to move and we find with technical entry point. At the end I thanks of trading801 for sharing Information and news.
buddy.. thank you for your support
  • #324
  • Sep 18, 2009 9:03pm Sep 18, 2009 9:03pm
Latest Article 18 Sep 09

EUR/USD unloads?

Click on link above for full article

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MADRID, Sept 18 (Reuters) - Any quick move by China to diversify its currency reserves by buying more euros would have negative consequences for Europe by pushing up the value of its single currency, the European Union's economy chief said on Friday.
  • #325
  • Sep 19, 2009 2:53am Sep 19, 2009 2:53am
Quoting icefire
I have never written before ,here on FF,but I like what you are doing,so keep us posted
thank you icefire.. this means alot to me..
  • #326
  • Sep 19, 2009 4:57am Sep 19, 2009 4:57am
Latest Article 19 Sep 09

EUR/USD An end in sight?

I wrote about my apparent belief that the big players in the forex markets may be taking profits off their longs in this currency pair and i will like to explore this belief deeper here.

Click on link above for full article

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  • #327
  • Sep 19, 2009 11:33am Sep 19, 2009 11:33am
i get an error msg while trying to edit my first post.

" Sorry, the Forex Factory website has run into technical problems. Our team is working hard to solve the issue. We apologize for this inconvenience and we will strive to improve our reliability in the future. "

is there anyway to solve this please?
  • #328
  • Sep 19, 2009 11:34am Sep 19, 2009 11:34am
Trading801,

Sometimes you need to hear ppl to appreciate your works, and knowing that your posts have been of great use to others, you system looks great, I have been using one, Im very new to forex, 2 months actually, I margin call an account already, because I made every single mistake a newbie in forex can make, hehehe, your system is great for ppl who has time to watch the market, but I will try to use it at nights, that is my free time for trading, I use pendings orders often because of my job, but it has been profitable right now, I will be reading more often and keep you inform I am following you, I know you are also learning but don't worry, we have to fail to be successful, this is your case, and hope it would be mine also, this month I have made 630pips, Im happy about it, but not convinced I know everything. I made my adjustments but want to improve, I am reading everything and if I find something to improve your system I will post in here.

Regards,

Edgar

P.S. sorry if I wrote something wrong, my native language is spanish =)
  • #329
  • Sep 19, 2009 11:59am Sep 19, 2009 11:59am
The staffs of FF where working in maintenance, you should be able to edit now.

Quoting trading801
i get an error msg while trying to edit my first post.

" Sorry, the Forex Factory website has run into technical problems. Our team is working hard to solve the issue. We apologize for this inconvenience and we will strive to improve our reliability in the future. "

is there anyway to solve this please?
  • #330
  • Sep 19, 2009 12:16pm Sep 19, 2009 12:16pm
Quoting cobraforex
The staffs of FF where working in maintenance, you should be able to edit now.

just tried .. cant
  • #331
  • Sep 19, 2009 7:36pm Sep 19, 2009 7:36pm
Latest Article 19 Sep 09

EUR/USD An end in sight?

Click on link above for full article

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lol

Sept. 19 (Bloomberg) -- Global leaders meeting at the Group of 20 summit in Pittsburgh next week are moving toward a compromise on compensation rules that fall short of the political rhetoric branding banker pay a worldwide disgrace.
  • #332
  • Sep 19, 2009 9:31pm Sep 19, 2009 9:31pm
hmmm dollar to fall further? dont think market moves straight line..

Sept. 19 (Bloomberg) -- The dollar dropped to the lowest level in a year versus the euro as Federal Reserve Chairman Ben S. Bernanke’s declaration that the recession is likely over led investors to sell the U.S. currency and buy riskier assets.
Sterling fell this week against all of its 16 most-traded counterparts tracked by Bloomberg on revived concern banking losses will stall the U.K.’s economic recovery. The Fed will likely keep its target lending rate at near zero next week and extend the end date of its $1.45 trillion program to buy securities, a strategy known as quantitative easing.
“The dollar will come under further pressure,” said Ian Stannard, a senior currency strategist at BNP Paribas SA in London, in an interview on Bloomberg Television. “This continuation of the quantitative-easing program will provide further asset-market support. That’s going to lead to dollar weakness as funds flow out of the U.S., seeking higher returns elsewhere.”
  • #333
  • Sep 19, 2009 10:08pm Sep 19, 2009 10:08pm
Hi masoud

Cobra (the other one) is partly right with what he wrote, reading a lot of news can give you a bias and being biased can be poison for daytraders because those news can lead you to the wrong direction (that's what they are written for) or at the end you have no direction at all cause you get confused.

It's right that economical news can drive the market but it depends how market makers interprete them and not us.

We had many times positive important news for the USD or EUR and the reaction was completely reversed.

I ,as a scalper (technical), prefere to know nothing about it and don't trade during release of important news and trade the reaction.

On the other side a position trader who holds his trade for weeks or month suppose to know about this stuff.

Anyhow 801 is learning and it helps him to understand what's up in the market, with the time he will feel what's good for him.

Wish you'll a great weekend.


Quoting masoud123
With all respect to you that I am allowed to, but this letter you do not accept, All we know: news are source of all movements the market, trade without knowing the news is like driving with closed eyes, perhaps move car a little with closed eyes, but in the end anyone will crash.

I believe news to show us about the market to move and we find with technical entry point. At the end I thanks of trading801 for sharing Information and news.
  • #334
  • Sep 20, 2009 3:46am Sep 20, 2009 3:46am
Quoting cobraforex
Hi masoud

Cobra (the other one) is partly right with what he wrote, reading a lot of news can give you a bias and being biased can be poison for daytraders because those news can lead you to the wrong direction (that's what they are written for) or at the end you have no direction at all cause you get confused.

It's right that economical news can drive the market but it depends how market makers interprete them and not us.

We had many times positive important news for the USD or EUR and the reaction was completely reversed.

I ,as a...
masoud, i think you are a great supporter and i thank you sincerely..

at the end of the day, i think we are in this journey to learn together

and reading news and reports, be it correct or biased , will let us have a greater understanding of sentiments and markets which is important..

having said so, i tend to trade medium to long term.. so if you are a scalper like cobraforex buddy, then news may not be so useful

i welcome your support and comments buddy.. it means a lot to me !
  • #335
  • Sep 20, 2009 3:46am Sep 20, 2009 3:46am
Latest Article 19 Sep 09

EUR/USD An end in sight?

Click on link above for full article

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  • #336
  • Sep 20, 2009 5:28am Sep 20, 2009 5:28am
Well...okay....

If you put any stock in (indicator) divergence, then you may officially begin salivating now.

That would however require at least some reliance on lagging indicators and
although I don't trade off of them, it's not unwise to peek at what the rest of retail
may be gawking at on their screens, all asplash with MAs and a thousand lines
drawn in 360 different directions....you know the kind.

In the first graph, we see a prior divergence from last month that gave way
to no less than a 700 pip rally...something like 5 percent appreciation.

We now have a divergence of similar proportions and although counter to the recent trend of late,
could hold fast long enough to allow bulls to let off the accelerator for a few days.
End of the QTR is around the corner and those who manage money must mark profits
in order to count them, if they want to get paid for their work.

Same argument could be made that it's just as good of a reason to
put the pedal to the metal as the end of accounting period approaches and
that's would be reason to blow the top off, once again, in order to get paid.
I know we can't have it both ways so, it's likely gonna be one way or the other.

Anyway, here are a couple divergences for those so inclined:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurobeardivergence.png Size: 39 KB
Click to Enlarge Name: eurobeardivergencersi.png Size: 39 KB
  • #337
  • Sep 20, 2009 5:42am Sep 20, 2009 5:42am
nice views toshi .. thanks buddy.

i am not an expert in advanced technicals ..

i try to find meaning in market movements and new releases ..

i am striving to find patterns on how big money moves.. seriously we are only 2% of the market..

the best way is to follow their game
  • #338
  • Sep 20, 2009 7:47am Sep 20, 2009 7:47am
Latest Article 19 Sep 09

EUR/USD An end in sight?

Click on link above for full article

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while more new homes may mean good growth, i think we should also take a look at foreclosures..

Sept. 20 (Bloomberg) -- Home sales and orders for long- lasting goods probably rose in August, extending gains that have signaled the U.S. is emerging from the worst recession since the 1930s, economists said before reports this week.
Purchases of new and existing houses climbed to a combined 5.79 million annual pace last month, the most in almost two years, according to the median forecast of economists surveyed by Bloomberg News. Bookings for durable goods likely rose 0.4 percent, the fourth advance in five months, the survey showed.
  • #339
  • Sep 20, 2009 2:47pm Sep 20, 2009 2:47pm
hmmmm can you really see growth without increased consumer spending power?

Sept. 20 (Bloomberg) -- President Barack Obama said the U.S., while showing many signs of emerging from recession, will probably face high unemployment for some time.
  • #340
  • Sep 20, 2009 3:42pm Sep 20, 2009 3:42pm
ty forexlive

Major pairings open unchanged from Friday close

Written by Sean Lee
September 20, 2009 at 20:15 GMT

There have been no market-moving announcements over the weekend and all of the major pairings are unchanged from their NY closing levels
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