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trading801's Koala Forex Articles and EUR/USD views

  • #2,621
  • Nov 12, 2009 5:37am Nov 12, 2009 5:37am
1.4920/21 is well protected as you said Trading... wow
  • #2,622
  • Nov 12, 2009 5:38am Nov 12, 2009 5:38am
Thanks my friend, I had to work and very busy, today my boss was very angry

Yes thanks all things is OK Koala. Thanks

Quoting trading801
buddy where have you been? everything ok?
We are here to help each other... We Learn Forex Together!
  • #2,623
  • Nov 12, 2009 5:41am Nov 12, 2009 5:41am
Quoting Forex4pty
1.4920/21 is well protected as you said Trading... wow
yeah.. if you follow the E/U like your beloved, you will notice 1.4920 area is a party zone
  • #2,624
  • Nov 12, 2009 5:42am Nov 12, 2009 5:42am
And it is good to always zoom out and have an overview perspective at times...

This is the weekly chart.

However note the resistance.
Attached Image
  • #2,625
  • Nov 12, 2009 6:27am Nov 12, 2009 6:27am
News from Reuters

Gold retreats from record as dollar recovers

12/11/09

By Jan Harvey

LONDON (Reuters) - Gold edged off the record high it hit early on Thursday as the dollar recovered from lows, but the metal is poised for further gains as investors buy the metal as an alternative to the weakening U.S. currency.
Spot gold rallied to a record $1,122.85 an ounce in Asian trade. Its strength helped lift other precious metals, with palladium, platinum and rhodium all reaching their highest in more than a year as speculative money poured into the market.

....
http://www.globeinvestor.com/servlet...ECIOUS/GIStory
We are here to help each other... We Learn Forex Together!
  • #2,626
  • Nov 12, 2009 6:36am Nov 12, 2009 6:36am
reports of central banks buying USD to prevent free fall too
  • #2,627
  • Nov 12, 2009 6:37am Nov 12, 2009 6:37am
Attached Image
"I will walk before they make me run" K.Richards
  • #2,628
  • Nov 12, 2009 6:44am Nov 12, 2009 6:44am
Quoting Jm4x
LOL muaahahahaahaaaaaaaaaaaaaaaaaaa
  • #2,629
  • Nov 12, 2009 6:45am Nov 12, 2009 6:45am
Quoting Jm4x
looooooooooooooool thanks buddy.
We are here to help each other... We Learn Forex Together!
  • #2,630
  • Nov 12, 2009 6:51am Nov 12, 2009 6:51am
can I confess something?

I looovee Forex, even if I lose, it's so excited to watch this charts, where I have been all this time???

Today I'm still not in green. But that's not important, I am enjoying it and you can't imagine how much at the end as soon as I close my position, I will tell you why, Trading801 will kill me
  • #2,631
  • Nov 12, 2009 6:56am Nov 12, 2009 6:56am
Quoting forex4pty
can i confess something?

I looovee forex, even if i lose, it's so excited to watch this charts, where i have been all this time???

Today i'm still not in green. But that's not important, i am enjoying it and you can't imagine how much :d at the end as soon as i close my position, i will tell you why, trading801 will kill me

YOU DID NOT fOLLOW YOuR RULeS ??
  • #2,632
  • Nov 12, 2009 6:59am Nov 12, 2009 6:59am
Quoting Forex4pty
can I confess something?

I looovee Forex, even if I lose, it's so excited to watch this charts, where I have been all this time???

Today I'm still not in green. But that's not important, I am enjoying it and you can't imagine how much at the end as soon as I close my position, I will tell you why, Trading801 will kill me
'till 4905 support nothing is finished for bulls and 'till 4960 resist nothing is said for bears ...
"I will walk before they make me run" K.Richards
  • #2,633
  • Nov 12, 2009 7:15am Nov 12, 2009 7:15am
Quoting trading801
YOU DID NOT fOLLOW YOuR RULeS ??
Yep my friend, but nothing to worry about is a .01 lot Test trade, only to know how the market reacts with the GDP/JPY, it's 128 pips against me I know it will come down, I'm testing my triangle knowledge on the D1 chart, I put a Sell stop pending order outside the triangle and it was hit, after that it when 3 pips in my direction and then retraced, I put it prudent far from the triangle if you watch your chart, count 3 pips up and there is my position waiting for the retrace if not, don't worry I'm still green for the week

By the way I was about to said to all of you that on the H1 chart I saw the EMA 200 very near the price, if you watch it was used as support, until now, it can change... hope not
  • #2,634
  • Nov 12, 2009 7:20am Nov 12, 2009 7:20am
Ohhhh my H&S from yesterday I lost it, well next time
  • #2,635
  • Nov 12, 2009 7:22am Nov 12, 2009 7:22am
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 ...
4870 was the first minimal technical target of this H&S after confirmation ... No I haven't play all because it's not on my style but it helps a lot for today ...
"I will walk before they make me run" K.Richards
  • #2,636
  • Nov 12, 2009 7:25am Nov 12, 2009 7:25am
Quoting Forex4pty
Ohhhh my H&S from yesterday I lost it, well next time
Yes next time ... but please this time your anticipation was right but it's important this notion of confirmation on neckline ...
Hope you will turn to green soon
"I will walk before they make me run" K.Richards
  • #2,637
  • Nov 12, 2009 7:27am Nov 12, 2009 7:27am
crazy dip ya? like a naughty koala pooping
  • #2,638
  • Nov 12, 2009 7:28am Nov 12, 2009 7:28am
Quoting Jm4x
Yes next time ... but please this time your anticipation was right but it's important this notion of confirmation on neckline ...
Hope you will turn to green soon
I delete a pending order at 1.4910 TP 1.4875 minutes before the fall
  • #2,639
  • Nov 12, 2009 7:31am Nov 12, 2009 7:31am
well we may hang around here for a while.. if this fails, 1.4843+ maybe next...
  • #2,640
  • Nov 12, 2009 7:31am Nov 12, 2009 7:31am
Quoting Forex4pty
I delete a pending order at 1.4910 TP 1.4875 minutes before the fall
... cool !! I was ... don't know how to say ... "sad" to think that you was in red ...
"I will walk before they make me run" K.Richards
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