trading801's Koala Forex Articles and EUR/USD views

NEW YORK (MarketWatch) -- The Energy Information Administration raised its forecasts for this winter's oil price Tuesday, saying it will average at $77 a barrel during the period from October to March, up $7 a barrel from earlier forecasts a month ago. Heating oil prices will average at $1,940 a gallon this winter, up from last year's $1,864. Natural gas prices will stand at $4.22 per thousand cubic feet in November on average, more than $2.60 lower than last year, the EIA said

Oh don't worry, I have to wait a little further, it's raining but not money outside, hehehehe...

Thanks, and see you later pals, take care, and trade safe, remember always to use your SL, is like the seat belt on trading

wow very good my friend congratulate Koala friend, I was really surprised an glad when you statement.

Thanks masoud, but I have to thanks each and every one of you, you are my voice of conscious, that remind me to be prudent, and don't take too much risks , there are moments when I want to trade bigger lots, but I see my rules and remember not to be greedy, there will be a day when I will, but right now, better little by little to understand better the market and concentrate on pips not money, because my thinking is that if I trade big amounts right now as a noob, and I lose, the fear I will have after that lose will follow me for the rest of my life. I know that the rest of the week will come loses, but I will try to minimize them as much as I can.

Oh and remember I'm still recovering from my loss so I can not consider this profits, until I get even, Hope at the end of this month or the beginning of December I will get even with this market

Welcome Richards ... Hope to read you again here ...
One day a friend ask me what was my biggest gain with trading ? My answer was to be always in this f... business. I'm trading forex since around 6/7 years like you. you're a survivor!! I know more guys that have closed for all the life with forex than guys who still trading seriously after 2 years with 2 or 3 accounts burned ...
All that my friends of the Koala Band tell you is true ... Maybe I don't agree with one or two points but deeply it's right.
For me the most important is to accept to loose. By example you can trade with the systems you want if you don't know to take a lost ... You're dead ...
If you admit and we all admit it "we don't know where the price is going because we don't have a crystal ball" ... So the only thing you can be sure entered in a trade is how much you're ok to loose ... That's the base of all money management styles ...
If this concept is clear to you the problem will be where and when putting a stop loss ? Well, so, how to put it and use it ?
I use to say that "if I find a SL I get an enter" ... This can help to follow or to find a trend in a time frame.
I understand that you can be tired and discouraged and I'm not here to encourage you but just let you think that if you are always here after 6 years you're maybe nearest of success than you can imagine ...

Thanks JM4X, i appreciate the words. I have a problem with giving up when i see a possibility.

hi chvbob glad u find us useful.. drop by often and let us know of yr progress ok? trade safe

Nov. 11 (Bloomberg) -- The dollar traded near a two-week low versus the euro before Chinese economic reports today that may support demand for higher-yielding assets.

The euro was little changed against the yen ahead of data that may show European industrial production rose in September for a fifth month. The New Zealand dollar fell after Governor Alan Bollard said the “significant” increase in the currency is unlikely to be sustainable and may slow an improvement in the nation’s current account deficit.

Nov. 11 (Bloomberg) -- Asian stocks and currencies rose as Japan’s machinery orders surged, China’s retail sales and industrial production accelerated and shipping rates climbed.

The MSCI Asia Pacific Index advanced 0.5 percent to 118.62 as of 12:15 a.m. in Tokyo, extending its four-day increase to 3.4 percent. The Japanese yen, the Malaysian ringgit and Philippine peso climbed on confidence exports will pick up as Asian growth accelerates. Gold futures extended gains to an eighth day.

forex4pty am waiting for you post

you wont believe it, I was seating in front of my desktop with my eyes closed, I will post it tomorrow morning I promise.

C ya tomorrow friend, good pipping day, by the way, what happen when USD banks are on holiday, bulls party, or anything can happen?

hahaa i understand no problem.. go zzzz takecare buddy

Nov. 11 (Bloomberg) -- China’s industrial production and retail sales accelerated in October, bolstering forecasts for economic growth to exceed 10 percent this quarter for the first time in more than a year.

Production rose 16.1 percent from a year before, the most since March 2008, the statistics bureau said in Beijing today. Retail sales gained an annual 16.2 percent in October, and urban fixed-asset investment climbed 33.1 percent in the first 10 months of this year, it said.

welcome to all the folks who are visiting.. if you are new, you may want to see the FIRST post for an intro..thanks!!

trade safe

Good Morning Koalas !!

morning .. how r u buddy koala

Nov. 10 (Bloomberg) -- Most U.S. stocks fell following six straight gains for the Standard & Poor’s 500 Index as earnings disappointed investors at companies from MBIA Inc. and Fluor Corp. to Electronic Arts Inc.

MBIA, the world’s largest bond guarantor, tumbled 27 percent after posting a $727.8 million loss on insured credit derivatives. Fluor sank 7.6 percent as the engineering firm cut its full-year profit forecast, while Electronic Arts sank 6.4 percent following its 11th straight quarterly loss. The Dow Jones Industrial Average climbed to a 13-month high for a second day as American Express Co. and Bank of America Corp. rallied.

Fine and you ?
It's breakfast time here (6:37 am) ...

hi me crazy at work... u trading .. vol should be getting lower soon .. forex4 when market close , vol is low and hence much lesser amt of order is needed for folks who want to be funny.. therefore crazy moves may happen both ways

I'm flat since yesterday closure ... I'm lookin' & waitin' & maybe acting but you know low vol & no big actors can create many traps so I'll be very patient & prudent before entering ... Some folks say not trading is trading ...