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trading801's Koala Forex Articles and EUR/USD views

  • #3,201
  • Nov 22, 2009 7:45am Nov 22, 2009 7:45am
another new week is starting.. we have new hopes for our trading.. but one thing wont change... my jail stay here..
  • #3,202
  • Nov 22, 2009 8:03am Nov 22, 2009 8:03am
Nov. 22 (Bloomberg) -- Consumer spending probably rebounded in October, showing that mounting unemployment is restraining, not derailing, the biggest part of the U.S. economy, analysts said before reports this week.

Purchases increased 0.5 percent after dropping by the same amount in September, according to the median estimate of 61 economists surveyed by Bloomberg News before a Commerce Department report due Nov. 25. Other figures may show orders for durable goods and home sales climbed.
  • #3,203
  • Nov 22, 2009 8:04am Nov 22, 2009 8:04am
Quoting trading801
another new week is starting.. we have new hopes for our trading.. but one thing wont change... my jail stay here..
I had never heard of you prior to Jay Walkers - let him loose thread - I have checked your post periodically and, well I have a book recommendation for you:

Shut Up, Stop Whining, and Get a Life: A Kick-Butt Approach to a Better Life
In trading, there is no bullshit. You either make money or you don't.
  • #3,204
  • Nov 22, 2009 8:48am Nov 22, 2009 8:48am
Quoting mrgreen
I had never heard of you prior to Jay Walkers - let him loose thread - I have checked your post periodically and, well I have a book recommendation for you:

Shut Up, Stop Whining, and Get a Life: A Kick-Butt Approach to a Better Life
my sincere apologies if my posts irritated you .. sorry buddy i may not have been the best, but my intentions are definitely good
  • #3,205
  • Nov 22, 2009 9:17am Nov 22, 2009 9:17am
Quoting trading801
my sincere apologies if my posts irritated you .. sorry buddy i may not have been the best, but my intentions are definitely good
Don't be sorry you can't get everybody with you ... Some guys are irritable other not (easily) ... Some guys have always something to say against everything and we all know why ...
We are making a good job here using your gentle spirit, that's a fact.
"I will walk before they make me run" K.Richards
  • #3,206
  • Nov 22, 2009 9:36am Nov 22, 2009 9:36am
thanks budddy excited about the week heehee
  • #3,207
  • Nov 22, 2009 9:45am Nov 22, 2009 9:45am
Quoting trading801
my sincere apologies if my posts irritated you .. sorry buddy i may not have been the best, but my intentions are definitely good
If you viewed my post as an insult - then you shoudl read this book. It is a great read. Try the audio version for those long commutes.
In trading, there is no bullshit. You either make money or you don't.
  • #3,208
  • Nov 22, 2009 9:57am Nov 22, 2009 9:57am
I didn't read it as an insult, more as a good hint to how to master a situation you can't change easily by yourself and you need to live with, at least for a certain time.

Quoting mrgreen
If you viewed my post as an insult - then you shoudl read this book. It is a great read. Try the audio version for those long commutes.
  • #3,209
  • Nov 22, 2009 11:39am Nov 22, 2009 11:39am
hi mrgreen i do not see it as insult i just thought u found me irritating ... thanks so much for your advise
  • #3,210
  • Nov 22, 2009 1:49pm Nov 22, 2009 1:49pm
Hello Koalas, I'm so tired, I read like 4 books, 39 videos and a lot of threads, I think this week should be green for me, with all of what I learnt

King Koala, don't worry my friend as cobra said, you will live like this for a while, you made the change... no signature and not promoting your blog... it just now time for Twee to reconsider you have change.

I know it feels bad to be jailed, but you got company here, you got 5 or more persons that comes here frequently, it can be worst.

  • #3,211
  • Nov 22, 2009 2:23pm Nov 22, 2009 2:23pm
You've no shortage of friends. I will check in and drop my 2cents, like it or not! lol
  • #3,212
  • Nov 22, 2009 2:45pm Nov 22, 2009 2:45pm
Hey I was about to cut my veins... I came to a place where my wife practice on the chorus she is part of, and the internet was down... I open the routers room and find the DSL Disconnect it and connect it again.. it always work at home, why not here LOL... so lets get back to business I will be here for about 3:30 more hours
  • #3,213
  • Nov 22, 2009 4:11pm Nov 22, 2009 4:11pm
lol hows trading so far?
  • #3,214
  • Nov 22, 2009 5:28pm Nov 22, 2009 5:28pm
GOOOOD MORNING 9.25am!



u're right forex4pty... I probably wouldn't hold it that well... In fact in demo I actually placed a 150 pip SL! Doubt I would personally do that on a real trade.... but hey, it's really teaching me something.

Apparently I know for a fact that my SLes are giving me major problems... One must know how to set them well for each pair... Setting them well(like my GJ trade) gives you good profits while limiting losses to a minimum!
  • #3,215
  • Nov 22, 2009 5:30pm Nov 22, 2009 5:30pm
Looks like EU did another ranging trick? Bounced off right at 4800 spot and now heading upwards... If it goes on like this, this will wear down trend traders...


but I have a solution:

Trend traders + Range Trading = trade smaller TF?
  • #3,216
  • Nov 22, 2009 6:24pm Nov 22, 2009 6:24pm
anyway i am following it up with my koala system.... btw buddies maybe wat opie999 said is right after all.. why try to get out after all.. i can stay here have this thread have u folks have my signature .. might as well since twee seems to have forsaken me heh.. i need to make the best out of this ..
  • #3,217
  • Nov 22, 2009 6:32pm Nov 22, 2009 6:32pm
yeah ! harvested 51 pips good start to the week
  • #3,218
  • Nov 22, 2009 7:05pm Nov 22, 2009 7:05pm
Quoting trading801
lol hows trading so far?
At Home right now, haven't trade yet, I don't find the good spot, missed by 8 pips the run from .4891 to .492x I expect it to retread to .4883, so I don't enter :S
  • #3,219
  • Nov 22, 2009 7:08pm Nov 22, 2009 7:08pm
Quoting boringz
GOOOOD MORNING 9.25am!



u're right forex4pty... I probably wouldn't hold it that well... In fact in demo I actually placed a 150 pip SL! Doubt I would personally do that on a real trade.... but hey, it's really teaching me something.

Apparently I know for a fact that my SLes are giving me major problems... One must know how to set them well for each pair... Setting them well(like my GJ trade) gives you good profits while limiting losses to a minimum!
I read this weekend someone that use the spread x 10 to set his SLs, don't remember where I read it... so for G/J I have a 9 pips spread, it will be equal to 90 SL, G/U 4 pips spread so SL should be 40 pips, sounds reasonable, but it depends on lot size, remember not to risk more than 2% of your total capital per trade.
  • #3,220
  • Nov 22, 2009 7:13pm Nov 22, 2009 7:13pm
Quoting trading801
yeah ! harvested 51 pips good start to the week
Nice run my friend, to be honest I understood the post of Knuckledrag, a great fall is expected, it can take a lot of times, even months, I will be very careful on my longs.. lets open the positions take our little pips and don't open long term positions.
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