trading801's Koala Forex Articles and EUR/USD views | Page 113 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Articles 23 replies

The Koala System (No brainer) 127 replies

Forex Articles 1 reply

Attachments: trading801's Koala Forex Articles and EUR/USD views
Exit Attachments

trading801's Koala Forex Articles and EUR/USD views

  • #2,241
  • Nov 4, 2009 12:22pm Nov 4, 2009 12:22pm
Quoting Forex4pty
I want to share something probably all of you may know, but when we are learning is good to remember basic things:

Overcoming Fear and Greed

We all have to deal with our runaway emotions at various times in life, and these emotions really begin to run away when we trade. Trading is the clearest window into your own personal psychology, clearer than any other endeavor.

We give in to our fear when we don’t take the next trade because we’ve just been through a string of losers and fear losing again. We give in to our fear then we put our...
That's right my friend I agree ... This is very psy and important to be successful in trading ... When you trade you're how you trade ... It's a mirror and he never lies ...
"I will walk before they make me run" K.Richards
  • #2,242
  • Nov 4, 2009 1:30pm Nov 4, 2009 1:30pm
Thanks my friend, GREAT Koala

Quoting trading801
Latest EUR/USD Views 4 Nov 09 released at TheGeekKnows.com

EUR/USD ping pong

thanks for reading!
We are here to help each other... We Learn Forex Together!
  • #2,243
  • Nov 4, 2009 1:31pm Nov 4, 2009 1:31pm
FOMC repeats: Rates to remain low for extended period
We are here to help each other... We Learn Forex Together!
  • #2,244
  • Nov 4, 2009 1:34pm Nov 4, 2009 1:34pm
Thanks my friend.

Quoting Forex4pty
I want to share something probably all of you may know, but when we are learning is good to remember basic things:

Overcoming Fear and Greed

We all have to deal with our runaway emotions at various times in life, and these emotions really begin to run away when we trade. Trading is the clearest window into your own personal psychology, clearer than any other endeavor.

We give in to our fear when we don’t take the next trade because we’ve just been through a string of losers and fear losing again. We give in to our fear then we put our stop loss...
We are here to help each other... We Learn Forex Together!
  • #2,245
  • Nov 4, 2009 1:35pm Nov 4, 2009 1:35pm
Good night Koalas !!
See you tomorrow ...
Be prudent as usual
"I will walk before they make me run" K.Richards
  • #2,246
  • Nov 4, 2009 1:47pm Nov 4, 2009 1:47pm
Good night Koala

Have a nice dream.

Quoting Jm4x
Good night Koalas !!
See you tomorrow ...
Be prudent as usual
We are here to help each other... We Learn Forex Together!
  • #2,247
  • Nov 4, 2009 6:02pm Nov 4, 2009 6:02pm
good morning koalas.. anyone took profits at the top???
  • #2,248
  • Nov 4, 2009 6:04pm Nov 4, 2009 6:04pm
Read up on forex articles like money management, The US Dollar, EUR/USD Views and more at

TheGeekKnows.com

pivots for the day thanks actionforex

S3------S2------S1------PP------R1------R2------R3
1.4534--1.4618--1.4740--1.4824--1.4946--1.5030--1.5152
  • #2,249
  • Nov 4, 2009 6:56pm Nov 4, 2009 6:56pm
Quoting trading801
good morning koalas.. anyone took profits at the top???
Good Morning King Koala, no I left the market as soon as you left it too... I'm reading a couple of books, very interesting ones, I am focusing on Psychological Trading, Short Term, Long Term trading, Patterns and all of that things... Let's see if I learn something new, well right now, I learn to stop my loss earlier, also to put a limit on the amount of trading per day... I will try to practice that, I have to first add this new things to my trading rules
  • #2,250
  • Nov 4, 2009 8:01pm Nov 4, 2009 8:01pm
thats good .. one of the impt skill in forex is to know when to stop ! to lock yr profit .. btw u have feedback for my new style ? is the ben o trich indicator light hearted ? providing useful info in a cheerful way
  • #2,251
  • Nov 4, 2009 8:48pm Nov 4, 2009 8:48pm
Another Knowledge I want to share...

Trading in trends and in trading ranges calls for different tactics. When you go long in an uptrend or sell short in a downtrend, you have to give that trend the befit of the doubt and not be shaken out easily. It pays to buckle your seat belt and hang on for as long as the trend continues. When you trade in a trading range, you have to be nimble and close out your position at the slightest sign of a reversal.

End of Quote...

Reading this answer my previous question I made early today for me, yesterday for the rest of you, of why I keep running my loss and it was so difficult to let run my profits, almost all the time I'm trading on trading range and I close it at the slightest sign of reversal. So I'm ok!!!

Reading helps... I'm on page 100 of 312, skipping the boring parts
  • #2,252
  • Nov 4, 2009 8:55pm Nov 4, 2009 8:55pm
Quoting trading801
btw u have feedback for my new style ? is the ben o trich indicator light hearted ? providing useful info in a cheerful way
LOL I was so concentrated reading that I haven't visit your website, great article as always, made me laugh, hehehehehe...
  • #2,253
  • Nov 4, 2009 9:53pm Nov 4, 2009 9:53pm
Read up on forex articles like money management, The US Dollar, EUR/USD Views and more at

TheGeekKnows.com

http://www.bloomberg.com/apps/data?p...d=iS4gIS4gps8s
Nov. 4 (Bloomberg) -- The Federal Reserve repeated it will keep interest rates near zero for “an extended period” and specified for the first time that policy will stay unchanged as long as inflation expectations are stable and unemployment fails to decline.
“Businesses are still cutting back on fixed investment and staffing, though at a slower pace,” the Federal Open Market Committee said in a statement today. “Household spending appears to be expanding, but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth and tight credit,” the FOMC said after meeting in Washington.
  • #2,254
  • Nov 4, 2009 11:49pm Nov 4, 2009 11:49pm
thanks forexlive

Asian FX market wrap: JPY crosses claw back some o/n gains
Written by Sean Lee
November 5, 2009 at 04:57 GMT

Employment falls faster than expected in New Zealand
Australian balance goods/services -AUD$1.85 billion
Regional stock markets fall around 1%
Gold falls slightly after another big move higher overnight
Foreign exchange markets were again very quiet in Asia, with early trade being affected by the poor NZ employment data and later moves following leads from regional stockmarkets.

EUR/USD has seen a 1.4824/82 range and EUR/JPY trade has been the dominant influence. Cable has slipped lower in sympathy with the EUR but again interest is said to have been extremely limited. The range has been 1.6500/67.
  • #2,255
  • Nov 5, 2009 1:21am Nov 5, 2009 1:21am
Hi and good morning all Koalas.
We are here to help each other... We Learn Forex Together!
  • #2,256
  • Nov 5, 2009 2:01am Nov 5, 2009 2:01am
Quoting masoud123
Hi and good morning all Koalas.
good morning.. can i have feedback.. u ok with the ben o trich indicator? is it too over funny?
  • #2,257
  • Nov 5, 2009 2:07am Nov 5, 2009 2:07am
How and Why China Will Flood the Gold Market

Jeff Clark of Casey Research writes: As you read this, the Chinese government is doing an extraordinary thing... something nearly unheard of in the modern world.

It is encouraging citizens to put at least 5% of their savings into precious metals.

The Chinese government is telling people gold and silver are good investments that will safeguard their wealth. After last year's meltdown in the stock market, people believe it. After all, Chinese citizens don't receive government retirement money... and they don't have company pension plans like people in many other countries do.

This is why folks in China are lining up outside of banks, post offices, and the new official mint stores to buy gold and silver (they especially like silver because it's cheaper per ounce).

The Chinese attitude toward gold and silver is a striking contrast to the American attitude right now. I don't recall a TV or radio ad from my congressman or President Obama encouraging me to buy gold or silver. Does your bank sell silver bars? Are gold mints popping up in your neighborhood? Are any of your friends, family, or coworkers scrambling to buy precious metals?

In spite of a few ads on television and satellite radio, buying gold and silver in the U.S. is still largely seen as a fringe-group activity. That's not the case in China. And in the big picture, there are three distinct trends occurring in China today that many in the Occidental world are not paying attention to.

First, look where China stands as a gold-producing nation.

In 2008, China produced 9,070,000 ounces of gold, exceeding all other countries. Further, its production continues to rise, while many of the top-producing countries are in decline.

Second, China had the lowest per-capita gold consumption of any country over the past half-century. This year, it is widely expected that Chinese demand for gold will surpass that of India. In other words, they'll also become the world's No. 1 retail buyer.

Third, the Chinese government has been using its foreign exchange reserves to buy gold – a lot of it – and doing so on the sly. This past April, Chinese officials made a surprise announcement that they had been secretly buying gold since 2003, increasing their gold reserves by 76% to 33,886,000 ounces. The Chinese government now owns 30 times the gold it held in 1990. And China is believed to be a leading candidate to buy some or all of the 12.9 million ounces the International Monetary Fund says it will sell.

But all this production and all this buying isn't enough...

Even though China is the world's seventh-largest holder of gold, gold comprises but a tiny fraction of its reserves, as shown in the table below.
What would happen to the gold price if China increased its gold reserves to just 5%? What about 10%? To overtake the U.S. as king of the gold hill, it would have to buy all the gold held by the governments of France, Italy, and Germany combined. Can China really do any of that?

At $1,000 gold, to push China's gold holdings to 5% of reserves would take $55.3 billion; to 10% would cost $144.4 billion; to be the world's top gold dog would run $227.6 billion.

Chinese reserves are approaching $2.3 trillion, of which almost 70%, or $1.6 trillion, are denominated in U.S. dollars. The cost to become the world's biggest holder of gold would be a pittance compared to the amount of money China has available. In other words, money is not a problem.

Combining the country's massive holdings of dollars and the very real likelihood those dollars are going to lose much of their value, the motivation to buy tangible assets is urgent.

Further, keep this in mind: China's reserves continue to grow. Therefore, the country must continue buying gold (or consuming its own production) just to maintain the small gold-to-reserves ratio it has, let alone increase it.

In addition to the government buying precious metals, Chinese citizens will continue gobbling them up, too. Demographics alone tell us why.

Government statistics show the average urban household in China has about US$1,300 in disposable income. Multiply that by the number of urban households in China and you come up with roughly $36 billion in available capital.

According to precious metals consultancy CPM Group, about 9.5 million ounces of gold will be turned into coins this year (including "rounds" and medallions). At $1,000 gold, that's $9.5 billion, or only about one-third of the capital available in China.

The number is more striking for silver: Total coin production this year is expected to hit 35 million ounces, equaling $615 million or just 1.7% of the available capital in China. Of course, a lot of Chinese people want cars and refrigerators, etc., but it won't take much of a shift of this capital into gold and silver to have a major impact on the global retail precious metals market. It may already be under way.
And long-term projections show the demographic trend won't slow down: The middle class in China is expected to increase by 70% by 2020. So over these next 10 years, more Chinese and more money will be coming into the precious-metals markets, all at a time when inflation is almost certain to be high, adding to gold and silver's appeal. Couple this with China's long-standing cultural affinity for gold and you have the makings for a potentially life-changing gold rush.

If I were a crime detective, I'd say China has the motive, means, and opportunity to push gold and gold stocks much higher.

Regards,

Jeff Clark

http://www.marketoracle.co.uk/Article14679.html
Attached Image
We are here to help each other... We Learn Forex Together!
  • #2,258
  • Nov 5, 2009 2:14am Nov 5, 2009 2:14am
Yes I agree whit you, it is very funny, peaks and valleys, indices and symbols, risk disclosure and risk aversion, all are mixed

Quoting trading801
good morning.. can i have feedback.. u ok with the ben o trich indicator? is it too over funny?
We are here to help each other... We Learn Forex Together!
  • #2,259
  • Nov 5, 2009 2:23am Nov 5, 2009 2:23am
Quoting masoud123
Yes I agree whit you, it is very funny, peaks and valleys, indices and symbols, risk disclosure and risk aversion, all are mixed

haha koala buddy.. i mean the fun indicator i created, is it good to see or it spoil the article and you dont like it
  • #2,260
  • Nov 5, 2009 2:25am Nov 5, 2009 2:25am
Read up on forex articles like money management, The US Dollar, EUR/USD Views and more at

TheGeekKnows.com

Nov. 5 (Bloomberg) -- Federal Reserve officials signaled a return to economic growth alone won’t warrant higher interest rates, saying an increase will instead depend on when the labor market and inflation pick up.

The Fed’s rate-setting Open Market Committee yesterday restated its pledge to keep rates “exceptionally low” for an “extended period.” The panel added for the first time that its commitment depends on “low rates of resource utilization, subdued inflation trends and stable inflation expectations.”

The comments prompted traders to reduce bets for an increase in borrowing costs in the first half of 2010, given that policy makers are focused on reducing unemployment that’s forecast to rise above 10 percent. The dollar weakened yesterday and short-term Treasury yields fell.
0 traders viewing now