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trading801's Koala Forex Articles and EUR/USD views

  • #2,601
  • Nov 12, 2009 12:06am Nov 12, 2009 12:06am
hi there buddy how r u planning to trade koala ?
  • #2,602
  • Nov 12, 2009 12:28am Nov 12, 2009 12:28am
Quoting trading801
hi there buddy how r u planning to trade koala ?
I'm hesitating ... Not sure that the bears have win ...
"I will walk before they make me run" K.Richards
  • #2,603
  • Nov 12, 2009 12:34am Nov 12, 2009 12:34am
yeah look at how fast it bounced up
  • #2,604
  • Nov 12, 2009 12:55am Nov 12, 2009 12:55am
Well it's sunny here and I think I will go walking along the lack ...
I'll be back later and before the opening of the US session ...
"I will walk before they make me run" K.Richards
  • #2,605
  • Nov 12, 2009 1:56am Nov 12, 2009 1:56am
My ballad was speed ...
Anyway as forex4pty notes yesterday the possible H&S in the 1h TF seems to be true ... If we consider 4960 as neckline and 5050 as higher head so we get a target at 4870 ... if we break this neck... a retrace to the neck after is classical but not an obligation ... Let see what happened ... If I'm not wrong ...
"I will walk before they make me run" K.Richards
  • #2,606
  • Nov 12, 2009 2:32am Nov 12, 2009 2:32am
Quoting Jm4x
My ballad was speed ...
Anyway as forex4pty notes yesterday the possible H&S in the 1h TF seems to be true ... If we consider 4960 as neckline and 5050 as higher head so we get a target at 4870 ... if we break this neck... a retrace to the neck after is classical but not an obligation ... Let see what happened ... If I'm not wrong ...

i dont know... i am not very fond of chart patterns.. am always a "sentiment believer "

heehee how accurate u think chart patterns are?
  • #2,607
  • Nov 12, 2009 2:33am Nov 12, 2009 2:33am
Quoting Jm4x
My ballad was speed ...
Anyway as forex4pty notes yesterday the possible H&S in the 1h TF seems to be true ... If we consider 4960 as neckline and 5050 as higher head so we get a target at 4870 ... if we break this neck... a retrace to the neck after is classical but not an obligation ... Let see what happened ... If I'm not wrong ...

I don't as a rule, play H&S. Once price starts making lower lows and lower highs (usually using fibs as resistance) then I consider where I'm wiling to enter. I'm still long from 1.47 but I'm short (long on the CHF 1.0068), if it moves lower I'll add, but for now I think all the excitement is over. We'll see how news effects the DOW--oil--gold later, but for now the fun seems to be over.

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  • #2,608
  • Nov 12, 2009 3:12am Nov 12, 2009 3:12am
Quoting knuckledrag
I don't as a rule, play H&S. Once price starts making lower lows and lower highs (usually using fibs as resistance) then I consider where I'm wiling to enter. I'm still long from 1.47 but I'm short (long on the CHF 1.0068), if it moves lower I'll add, but for now I think all the excitement is over. We'll see how news effects the DOW--oil--gold later, but for now the fun seems to be over.

Attachment
I don't really play H&S ... It was more like a continuation of a yesterday post.
I agree for now the fun seems to be over ...
"I will walk before they make me run" K.Richards
  • #2,609
  • Edited 4:27am Nov 12, 2009 4:14am | Edited 4:27am
Quoting trading801
heehee how accurate u think chart patterns are?
My experience is that they work ... The question is : Are they comfortable with your way of thinking or acting ? The answer for me is : no ... ... because you need to keep position for a time that is long to me but they are another indication about the market ... By example if this H&S is confirmed I will think twice before go long ... and if this H&S is false or not confirmed I will think twice to go short ...
"I will walk before they make me run" K.Richards
  • #2,610
  • Nov 12, 2009 4:25am Nov 12, 2009 4:25am
I've found this 2 videos about Shampoo ... Maybe they could help ...

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Inserted Video
"I will walk before they make me run" K.Richards
  • #2,611
  • Nov 12, 2009 4:41am Nov 12, 2009 4:41am
thks .. be in for my shift in an hour
  • #2,612
  • Nov 12, 2009 4:51am Nov 12, 2009 4:51am
Quoting trading801
thks .. be in for my shift in an hour
Your shift ... Hope it is a cool shift ...
"I will walk before they make me run" K.Richards
  • #2,613
  • Nov 12, 2009 4:59am Nov 12, 2009 4:59am
Good Morning Koalas.

I don't know, I will wait for a retrace of whatever happen...
  • #2,614
  • Nov 12, 2009 5:05am Nov 12, 2009 5:05am
HEY HEY koalas.. lots of news flying around about US officials saying they need a STRONG dollar .. guess we are seeing crazy reactions


but now 1.4920 + - is a STRONG line .. so caution !!
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  • #2,615
  • Nov 12, 2009 5:12am Nov 12, 2009 5:12am
Quoting trading801
HEY HEY koalas.. lots of news flying around about US officials saying they need a STRONG dollar .. guess we are seeing crazy reactions


but now 1.4920 + - is a STRONG line .. so caution !!
Thanks, Trading..
  • #2,616
  • Nov 12, 2009 5:12am Nov 12, 2009 5:12am
Quoting trading801
HEY HEY koalas.. lots of news flying around about US officials saying they need a STRONG dollar .. guess we are seeing crazy reactions


but now 1.4920 + - is a STRONG line .. so caution !!
I've take my profits at 4919 ... Now Im' expecting a retrace to 4960 but I won't go long ... maybe better waiting for the news ...
"I will walk before they make me run" K.Richards
  • #2,617
  • Nov 12, 2009 5:31am Nov 12, 2009 5:31am
WASHINGTON (MarketWatch) -- The number of people filing initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 502,000 in the week ended Nov. 7, the Labor Department reported Thursday. Initial jobless claims have hovered above 500,000 for 52 straight weeks. Economists surveyed by MarketWatch expected initial claims to drop to about 510,000. Continuing state claims declined 139,000 to a seasonally adjusted 5.63 million, the lowest since March.
We are here to help each other... We Learn Forex Together!
  • #2,618
  • Nov 12, 2009 5:32am Nov 12, 2009 5:32am
Quoting masoud123
WASHINGTON (MarketWatch) -- The number of people filing initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 502,000 in the week ended Nov. 7, the Labor Department reported Thursday. Initial jobless claims have hovered above 500,000 for 52 straight weeks. Economists surveyed by MarketWatch expected initial claims to drop to about 510,000. Continuing state claims declined 139,000 to a seasonally adjusted 5.63 million, the lowest since March.

buddy where have you been? everything ok?
  • #2,619
  • Nov 12, 2009 5:32am Nov 12, 2009 5:32am
U.S. initial unemployment claims fall to 502,000 in latest week, down 12,000
We are here to help each other... We Learn Forex Together!
  • #2,620
  • Nov 12, 2009 5:34am Nov 12, 2009 5:34am
So, nothing happen?
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