trading801's Koala Forex Articles and EUR/USD views

Thanks masoud, yes I closed it on time, but I was trailing the SL to profit + 1 too, if anything wrong happen... I learn this yesterday... what a noob, hehehehe

I guy post it on EUR/USD and I told him thanks for the advice, then he replied... you have 392 posts and you didn't knew that? hehehehe, I'm new to forex, the amount of post don't have anything to do with knowledge... it can be 392 questions

i somehow feel this is temp. however the broker books have gone long..

which means the 95% losers are longing

Dow on green, S&P too.... Gold and oil on red

omg i hate mixed signals.. lol u made your bread for today? hee "

Well the numbers out for the Confidence Consumer were on red as Richmond too... it went down.. touch my pending short at .4838, I closed it on .4834, when I saw the numbers... but well Forex is Forex.. it goes wherever it wants.. hehehehe.. I could win more.. but don't want to risk

lol look at it goooo

wow.. I should let my position open next time... next time... LOL it was a .10 lot position :S, so I would have like 30 US$ more in my account

better some than none !!

I was confused

Bad news for dollar and strong the dollar

Yes thats true... well now I'm watching to see if it's going for a retrace or else...

The Conference Board Consumer Confidence Index, which had declined in September, deteriorated further in October. The Index now stands at 47.7 (1985=100), down from 53.4 in September. The Present Situation Index decreased to 20.7 from 23.0 last month. The Expectations Index declined to 65.7 from 73.7 in September.

The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world's largest custom research company. The cutoff date for October's preliminary results was October 21st.

Says Lynn Franco, Director of The Conference Board Consumer Research Center: "Consumers' assessment of present-day conditions has grown less favorable, with labor market conditions playing a major role in this grimmer assessment. In fact, the Present Situation Index is now at its lowest reading in 26 years (Index 17.5, Feb. 1983). The short-term outlook has also grown more negative, as a greater proportion of consumers anticipate business and labor market conditions will worsen in the months ahead. Consumers also remain quite pessimistic about their future earnings, a sentiment that will likely constrain spending during the holidays."

Consumers' assessment of current conditions worsened in October. Those claiming business conditions are "bad" increased to 47.1 percent from 46.3 percent, while those claiming conditions are "good" decreased to 7.7 percent from 8.6 percent. Consumers' appraisal of the labor market was also bleaker. Those claiming jobs are "hard to get" increased to 49.6 percent from 47.0 percent, while those claiming jobs are "plentiful" decreased to 3.4 percent from 3.6 percent.

Consumers' short-term outlook grew more pessimistic in October. Those anticipating an improvement in business conditions over the next six months decreased to 20.8 percent from 21.3 percent, while those expecting conditions to worsen increased to 18.3 percent from 14.6 percent.

The labor market outlook was also more negative. The percentage of consumers expecting more jobs in the months ahead declined to 16.3 percent from 18.0 percent, while those expecting fewer jobs increased to 26.6 percent from 22.9 percent. The proportion of consumers expecting an increase in their incomes decreased to 10.3 percent from 11.2 percent.

remember

seems like our old frd risk aversion is back

This week all attention was on this news, I think due to strong dollar; Because of risk aversion in the market.

be back soon i need to write the articl;e./

Yes buddy i agree whit you, I think this trend is continued in NY and Asia sessions.

Ok, signals still mixed... Dow and SP500 on green, Oil and Gold on red

Thanks to FX360.

We noted earlier that “Given the miss in U of Michigan numbers and the stall in the rate of improvement of weekly jobless claims, the possibility of downward surprise remains strong. A miss on the data could spur further risk aversion in equities and pull EUR/USD down to a test of 1.4800 as correction in the recovery trade looks likely to continue.”

With EUR/USD having taken out the 1.4800 the pressure to downside could continue for the rest of the day as the market begins to realize that the recovery scenario priced into the current levels of risk assets may be overly optimistic. Tomorrow’s Durable Goods number will now become the next critical test of US economies’ health and could determine if the correction in risk FX persists for the rest of the week an perhaps beyond.

ok, now all on green!!!! I will wait for next 1Hr candle

Very be careful buudy, Now the market is like a wounded snake!!!!!