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trading801's Koala Forex Articles and EUR/USD views

  • #2,941
  • Nov 17, 2009 11:10am Nov 17, 2009 11:10am
Well guys this isn't my month ... I'm not losing big money, but a lot of hundreds of pips, and I want to focus on pips not money. I will have to review this day, and not to be so confident, in deed SL is our friend , I used huge SLs with micro lots, I feel sad about my pips but is a gain in experience... I just imagine if they were Std. LOT, I will be running in middle of the street naked
  • #2,942
  • Nov 17, 2009 11:11am Nov 17, 2009 11:11am
Quoting Forex4pty
Well guys this isn't my month ... I'm not losing big money, but a lot of hundreds of pips, and I want to focus on pips not money. I will have to review this day, and not to be so confident, in deed SL is our friend , I used huge SLs with micro lots, I feel sad about my pips but is a gain in experience... I just imagine if they were Std. LOT, I will be running in middle of the street naked

lol losing yr shirt to forex ? hee
  • #2,943
  • Nov 17, 2009 11:20am Nov 17, 2009 11:20am
Quoting trading801
lol losing yr shirt to forex ? hee
not yet no I changed to Micro lots to try this longs, but with huge SLs, Up to now I lost USD$33 and a couple of other $30 remain running. But I'm sad for my pips... it has been like around 600 pips lost in a single day, what a shame... I will buy a chocolate cake to celebrate
  • #2,944
  • Nov 17, 2009 11:21am Nov 17, 2009 11:21am
Quoting Jm4x
I love the TAO of W. Buffet ...
My favorite at this period is :
"Wide diversification is only required when investors do not understand what they are doing"
Nice one
  • #2,945
  • Nov 17, 2009 11:32am Nov 17, 2009 11:32am
Same here, let's share the cake, lol.

Holding my longs, as I think it is another test to take out the weaker brothers.
Worst long @ 1.4942

If I ONLY could get myself to putting a SL on when I take a position.

Added another long @ 1.4810

Most of the time I can work myself out of a bad trade, but as long as you don't take the position out, it is not a loss, just a test of your nerves and a show that you still don't have it all under control, lol
  • #2,946
  • Nov 17, 2009 11:35am Nov 17, 2009 11:35am
Quoting Forex4pty
Well guys this isn't my month ... I'm not losing big money, but a lot of hundreds of pips, and I want to focus on pips not money. I will have to review this day, and not to be so confident, in deed SL is our friend , I used huge SLs with micro lots, I feel sad about my pips but is a gain in experience... I just imagine if they were Std. LOT, I will be running in middle of the street naked
Well ... Well ... did you know this video tittle "Baby baby baby" ?
If not you can look at it on YouTube ...
You have again 10 days to turn this month in green ... So my friend you know what I'm wishing you and what I'm expecting of you ... You know a lot of forex trading (maybe more than you need), the problem is the same for the main of us : Trading is going against the natural of human psy ... It's very rare to find a natural born trader ...
If my english getting better I will told you more about my story in trading but you can't imagine how many times have burned 30 or 50% of 4 or 6 months of positive trades in just one or two trades ... Just because trading is not natural to me.
"I will walk before they make me run" K.Richards
  • #2,947
  • Nov 17, 2009 11:43am Nov 17, 2009 11:43am
Quoting Forex4pty
Well guys this isn't my month ... I'm not losing big money, but a lot of hundreds of pips, and I want to focus on pips not money. I will have to review this day, and not to be so confident, in deed SL is our friend , I used huge SLs with micro lots, I feel sad about my pips but is a gain in experience... I just imagine if they were Std. LOT, I will be running in middle of the street naked
I'm happy is not Std Lot
  • #2,948
  • Nov 17, 2009 11:45am Nov 17, 2009 11:45am
Quoting Freddyfx
Same here, let's share the cake, lol.

Holding my longs, as I think it is another test to take out the weaker brothers.
Worst long @ 1.4942
Take a piece of the cake

I close the longs one, let 2 more running ... too much longs, I don't know what happen to me, my rules are only 2

Quoting Freddyfx
If I ONLY could get myself to putting a SL on when I take a position.
Try to, is better than seen it going the other way, remember if the price go against you and touch your SL, there will be another opportunity to get them back, but if it go against you without SL and the trend change.. oopsss Margin Call will look for you I saw one, don't want to see it again

[quote=Freddyfx;3239674]Added another long @ 1.4810

A good place to open one.

Quoting Freddyfx
Most of the time I can work myself out of a bad trade, but as long as you don't take the position out, it is not a loss, just a test of your nerves and a show that you still don't have it all under control, lol
My longs have their SLs at 1.4775 / 1.4805 I will leave them running if I lose I will eat the rest of the cake
Attached Image
  • #2,949
  • Nov 17, 2009 11:55am Nov 17, 2009 11:55am
Quoting Jm4x
Well ... Well ... did you know this video tittle "Baby baby baby" ?
If not you can look at it on YouTube ...
You have again 10 days to turn this month in green ... So my friend you know what I'm wishing you and what I'm expecting of you ... You know a lot of forex trading (maybe more than you need), the problem is the same for the main of us : Trading is going against the natural of human psy ... It's very rare to find a natural born trader ...
If my english getting better I will told you more about my story in trading but you can't imagine...
I think I'm understanding, but I tried to lower my risk, that's why I changed to Micro, because from the beginning of the week I haven't feel the same way as the past weeks, I don't know why, but I felt something is going to happen to me, I trade Mini lots, not standard for now, in a couple of years maybe... If I trade Mini today my lost would be around $600 :S, well don't think the $600 because I wouldn't be hanging around with those 100+ pips SLs, I'm not that crazy But to be honest I'm happy because I learn again the same as last week, things can happen in just seconds. Both dips from last week and this week teach me anything can happen here, I need to learn to read the charts better... Like all of you, you know when to enter and exit, that is great, I want to know also .... I only see if there is a Support or Resistance near and some kind of trend... but well I only have 3 1/2 months trading, I can expect to learn everything in this little time... Hoping to be like all of you in the future.
  • #2,950
  • Nov 17, 2009 12:00pm Nov 17, 2009 12:00pm
Need to take a walk, see you koalas later
  • #2,951
  • Nov 17, 2009 12:02pm Nov 17, 2009 12:02pm
Quoting Freddyfx
Same here, let's share the cake, lol.

Holding my longs, as I think it is another test to take out the weaker brothers.
Worst long @ 1.4942

If I ONLY could get myself to putting a SL on when I take a position.

Added another long @ 1.4810

Most of the time I can work myself out of a bad trade, but as long as you don't take the position out, it is not a loss, just a test of your nerves and a show that you still don't have it all under control, lol
Freddy I noticed you are from Mexico... "Bienvenido al Foro", I'm from Panama, Central America... Nice to have you here. Feel free to post at anytime, Trading801, King Koala, is the owner of the thread.

Any help you can count on anyone, less me the less experienced one but sometimes I give good advices
  • #2,952
  • Nov 17, 2009 12:05pm Nov 17, 2009 12:05pm
FXstreet.com (Barcelona) – The Euro has continued falling against the Dollar during the American session with the pair extending decline from yesterday high at 1.5015 to reach lowest level since Nov 4 at 1.4807.

Currently the pair is trading around 1.48300/40, well within oversold territory, and reaching 0.90% daily losses from opening price action at 1.4968.

According to the FastBrokers research team, the EUR/USD is trading lower as investors await more data: “The EUR/USD is trading lower this morning as the S&P futures consolidate just above 1100. The EU is relatively quiet on the data front right now, making the EUR/USD’s present movements more reliant the Dollar’s reaction to upcoming economic data. Thus far we received slightly better than expected CPI and RPI data from Britain earlier in the session followed by weak PPI numbers from the U.S. The most disconcerting release was the -0.6% Core PPI reading (minus food and energy). The -0.6% decline is the largest in the Core number since November 2006. The setback in producer prices adds onto the sluggish EMI, Business Inventories, and Core Retail Sales data investors received yesterday. In other words, prices are declining while manufacturing slows and inventories rise, not to mention retail sales minus autos are weak as well. Hence, the Fed just received more evidence which may support its continued loose monetary policy stance. As a result, one would expect the Dollar to decline and the EUR/USD to benefit after such news. However, we will have to wait and see how the rest of today’s data pans out.”
  • #2,953
  • Nov 17, 2009 12:18pm Nov 17, 2009 12:18pm
Quoting Forex4pty
I think I'm understanding, but I tried to lower my risk, that's why I changed to Micro, because from the beginning of the week I haven't feel the same way as the past weeks, I don't know why, but I felt something is going to happen to me, I trade Mini lots, not standard for now, in a couple of years maybe... If I trade Mini today my lost would be around $600 :S, well don't think the $600 because I wouldn't be hanging around with those 100+ pips SLs, I'm not that crazy ...
Wouhey take it easy, I just can talk for myself but I don't pretend to know how enter, I'm always learning and trying to be better ... This morning have make an important number of pips in a day for me (251) and to be honest this is what I'm looking for the week ... So this afternoon my job was to resist of trading attraction because for me this gain lights fire in my emotion system and in this case I know that I can be a gambler thinking to be the giant of my dreams and the little of my fears ...
"I will walk before they make me run" K.Richards
  • #2,954
  • Nov 17, 2009 12:22pm Nov 17, 2009 12:22pm
Good night Koalas friends ...
"I will walk before they make me run" K.Richards
  • #2,955
  • Nov 17, 2009 12:47pm Nov 17, 2009 12:47pm
Quoting Jm4x
Good night Koalas friends ...
Good Night Jm4x
  • #2,956
  • Nov 17, 2009 2:26pm Nov 17, 2009 2:26pm
Guys I haven't withdraw anything from my account, and to be honest, until I don't make money I won't, I use FXDD, but not so sure is a good Broker, until now I am ok with them, is there any other broker that you consider ok, you that have more experience on this or they are a good broker?
  • #2,957
  • Nov 17, 2009 7:04pm Nov 17, 2009 7:04pm
9am! good morning fellas EU looks intensive last night?

Watch out for descending rallies, 4900 might be strong resistance this week.
  • #2,958
  • Nov 17, 2009 7:38pm Nov 17, 2009 7:38pm
Quoting Forex4pty
Guys I haven't withdraw anything from my account, and to be honest, until I don't make money I won't, I use FXDD, but not so sure is a good Broker, until now I am ok with them, is there any other broker that you consider ok, you that have more experience on this or they are a good broker?
hi KoalalaaAsssSSss


to forex4pty koala, i use ibfx and so far am happy with them..

you all who is using us brokers may want to take note.. ibfx just told me.. NFA regulations max leverage is 100:1
  • #2,959
  • Nov 17, 2009 7:43pm Nov 17, 2009 7:43pm
it seems like twee is no longer interested in my plight... have not heard from him
  • #2,960
  • Nov 17, 2009 8:15pm Nov 17, 2009 8:15pm
guess he's busy trading801
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