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trading801's Koala Forex Articles and EUR/USD views

  • #401
  • Sep 24, 2009 8:20pm Sep 24, 2009 8:20pm
Quoting trading801
to add on , sentiment spreads like a flu so it is critical for us to observe any spread of the fallout in ny to asia etc
I chicken out with my short at 1.4630 tp .4616 @ 1 lot, it when red until a couple of mins ago when I close it my next step will be using SL

Edited: I didnt lose, but left too early :s next time :d
  • #402
  • Sep 24, 2009 8:46pm Sep 24, 2009 8:46pm
good job buddy .. remember that to gain less is better than lose more.. there is nothing wrong to chicken out. however if you are very worried about yr trades, u may be trading too much ! and no sl is a big no no ! have u read my money management articles ?
  • #403
  • Sep 24, 2009 8:57pm Sep 24, 2009 8:57pm
Quoting trading801
good job buddy .. remember that to gain less is better than lose more.. there is nothing wrong to chicken out. however if you are very worried about yr trades, u may be trading too much ! and no sl is a big no no ! have u read my money management articles ?
I used them, but this one I left it without SL. I know it was a mistake, but well I hope not to do it again
  • #404
  • Sep 24, 2009 11:56pm Sep 24, 2009 11:56pm
Latest Article 22 Sep 09

EUR/USD dips

Click on link above for full article

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thank you actionforex

S3-------S2-----S1-------PP------R1------R2-------R3
1.4419--1.4524--1.4594--1.4699--1.4769--1.4874--1.4944
  • #405
  • Sep 25, 2009 12:28am Sep 25, 2009 12:28am
Sept. 24 (Bloomberg) -- U.S. stocks fell for a second day as sales of existing homes unexpectedly slumped and the Federal Reserve said it will cut the size of two programs meant to bolster credit markets. Oil tumbled to a one-month low as the dollar strengthened, while Treasuries rose.
  • #406
  • Sep 25, 2009 3:04am Sep 25, 2009 3:04am
Sept. 25 (Bloomberg) -- World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger the worst financial crisis since the Great Depression.
  • #407
  • Sep 25, 2009 5:20am Sep 25, 2009 5:20am
Latest Article 22 Sep 09

EUR/USD dips

Click on link above for full article

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Mild short covering now on JPY crosses

No major surprise after the huge falls from this morning. USD/JPY has been unable to break back below 90.50 and has turned north and both EUR/USD and cable are holding on to their modest gains of the last hour. EUR/JPY has recovered back to 133.00.


By Sean Lee || September 25, 2009 at 03:36 GMT
  • #408
  • Sep 25, 2009 6:11am Sep 25, 2009 6:11am
Sept. 25 (Bloomberg) -- U.S. stock-index futures rose before reports on durable goods and new-home sales that may add to evidence that the American economy is rebounding from its deepest recession since the 1930s.
  • #409
  • Sep 25, 2009 6:22am Sep 25, 2009 6:22am
thank u forexlive

Gold recovering on this weakness in the dollar now at 999.00

Written by Chris Wilkinson
September 25, 2009 at 10:22 GMT

Gold traded as low as 994.00 this morning but has regained its losses on the weakness of the dollar particularly against the yen (now at 90.10)
  • #410
  • Sep 25, 2009 8:18am Sep 25, 2009 8:18am
Trading801,

This chart is against my position, but it's a point of view of a professional I think, plz any noob trader, don't use this as a trend, make your own!!!! and always, always use SL (Stop Loss).

http://tweetphoto.com/plkxasi7

Regards,

Edgar
  • #411
  • Sep 25, 2009 9:26am Sep 25, 2009 9:26am
Quoting Forex4pty
Trading801,

This chart is against my position, but it's a point of view of a professional I think, plz any noob trader, don't use this as a trend, make your own!!!! and always, always use SL (Stop Loss).

http://tweetphoto.com/plkxasi7

Regards,

Edgar
thanks. yes SL is a must..

you long?

anyway i feel it may consolidate around 1.46 - 1.48 ? thereabouts
  • #412
  • Sep 25, 2009 7:36pm Sep 25, 2009 7:36pm
Quoting trading801
thanks. yes SL is a must..

you long?

anyway i feel it may consolidate around 1.46 - 1.48 ? thereabouts
Yes, at that time I was long, I lost 30 pips, let it say I fear out LOL, and 1 hour later it reach my TP, things happens , nothing to worry about, now I left one short position open with -14 pips right now, with SL. don't like the idea of leaving it open by the weekend, but I don't have any more choices. This friday was bad for me as monday as well, Tuesday thru Thursday were ok for me at last it was a profitable week, and my first profitable month, its my 2nd month on Forex, too early to say I'll be rich, but that's not the reason I'm here, I want it to be as my 2nd. income my target is not high, to be honest is very realistic, and this month I made more than what I was expecting. Lets see if my good luck continues

Have a nice weekend my friend.

Regards,

Edgar
  • #413
  • Sep 25, 2009 8:58pm Sep 25, 2009 8:58pm
Quoting Forex4pty
Yes, at that time I was long, I lost 30 pips, let it say I fear out LOL, and 1 hour later it reach my TP, things happens , nothing to worry about, now I left one short position open with -14 pips right now, with SL. don't like the idea of leaving it open by the weekend, but I don't have any more choices....
slow and steady wins the race
  • #414
  • Sep 25, 2009 10:30pm Sep 25, 2009 10:30pm
G20 leaders map out new economic order at Pittsburgh summit

Bankers' bonuses and excessive national deficits targeted in package of reforms

Patrick Wintour and Andrew Clark

The Guardian, Saturday, 26 September, 2009

G20 leaders, installing themselves as permanent stewards of the world economy for the first time, agreed yesterday on a tighter regime for bankers' bonuses and mapped out an economic order in which countries would be urged to co-operate to avoid building up excessive trade deficits or surpluses.

Gordon Brown hailed the result of the summit in the former steel making city of Pittsburgh as a victory for British thinking and persistence, insisting the economic regime would have an impact in restoring balanced growth.
  • #415
  • Sep 26, 2009 5:39am Sep 26, 2009 5:39am
Latest Article 26 Sep 09

EUR/USD slows down

" The EUR/USD ended this week lower.

After the fantastic bullish rally of the previous two weeks, the currency pair slows down for a rest...."

Click on link above for full article

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  • #416
  • Sep 26, 2009 9:53am Sep 26, 2009 9:53am
anyone has opinion on whether will it range or
  • #417
  • Edited 12:16pm Sep 26, 2009 11:24am | Edited 12:16pm
Quoting trading801
anyone has opinion on whether will it range or
To be honest with you, I saw the daily chart trend, and it looks complicated, I will wait until morning for a best trend :d

One day without trading is good for me.

Edited twice: Looking again to the daily chart, yesterday @ 12am (GMT-5) my eyes were almost closed and I work Saturdays :S , that's why I told you it looks complicated, It's my newbie opinion, but can help, I see 2 bars down, then an almost even Bullish bar, so I will expect Monday to be bearish, that's what the history tells, but remember this is my opinion , tomorrow Im going to the beach, so as soon as I can have access to the internet I will check what happen. I will try to post what I'm talking about.

Regards,

Edgar
  • #418
  • Sep 26, 2009 12:48pm Sep 26, 2009 12:48pm
This are my thoughts, the thing here is that I have 50% of probability to be right or wrong , as a Finance guy I like history, the only problem here is that I will show you same situations, but I haven't research what happen on that specific dates, so don't trust it and make your own research for anyone of you reading this. Don't know how to paste it at the thread, but well you would have to download it .

Chart1 = Actual date.
Chart2 = Example of historical same situations or similar situations.

C ya tomorrow.

Regards,

Edgar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Chart1.JPG Size: 42 KB
Click to Enlarge Name: Chart2.JPG Size: 29 KB
  • #419
  • Sep 26, 2009 12:57pm Sep 26, 2009 12:57pm
interesting views = ) enjoy your beach !!
  • #420
  • Sep 26, 2009 12:58pm Sep 26, 2009 12:58pm
Quoting opie999
G20 leaders map out new economic order at Pittsburgh summit

Bankers' bonuses and excessive national deficits targeted in package of reforms

Patrick Wintour and Andrew Clark

The Guardian, Saturday, 26 September, 2009

G20 leaders, installing themselves as permanent stewards of the world economy for the first time, agreed yesterday on a tighter regime for bankers' bonuses...
thanks buddy for news
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