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trading801's Koala Forex Articles and EUR/USD views

  • #3,981
  • Dec 8, 2009 9:03am Dec 8, 2009 9:03am
Quoting Forex4pty
I'm learning something very interesting and that can change my way of trading this month:
1. I will continue to trade Micro, until my account size grow and can change to mini and so on.
2. I will be trading between Weekly/Daily Resistances and Supports, trying to go with the trend and buying or selling very close to the Majors Res. or Sup.
3. My risk in SL will be lower, 1% or less.
Why I will do this, less stress for me, also less risk.
Let see at the end of the month if this works well, I will continue, if not, well back to basics.
Your rules 1. is very intelligent I think ... Let it grow ...
Your rules 2. & 3., seems clean and logical for your SL ... for me is too much 1% but it's a question to feel comfortable and logical with his own trading ... Much your time frame will be large larger your SL will be ...
"I will walk before they make me run" K.Richards
  • #3,982
  • Dec 8, 2009 9:22am Dec 8, 2009 9:22am
The most important thing in Forex knows the floor price and ceiling price in the current time. never do not buy in the ceiling price and never do not sales in the floor price.

Support and resistance are for the past days or weeks or month or year, and knowing them is very important, BUT;

Their most important knows the ceiling and the floor price for the current time. I mean of current time is the past about 1 hour and 2 hours, Must constantly follow the Time frame 5M, 15M, 30M and 1H for identify to the ceiling and floor prices for current time.

I draw these lines every day and if need add or change every hour.

See my chart in below.


Quoting Forex4pty
I'm learning something very interesting and that can change my way of trading this month:

1. I will continue to trade Micro, until my account size grow and can change to mini and so on.
2. I will be trading between Weekly/Daily Resistances and Supports, trying to go with the trend and buying or selling very close to the Majors Res. or Sup.
3. My risk in SL will be lower, 1% or less.

Why I will do this, less stress for me, also less risk.

Let see at the end of the month if this works well, I will continue, if not, well back to basics.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd2.gif Size: 18 KB
We are here to help each other... We Learn Forex Together!
  • #3,983
  • Dec 8, 2009 9:31am Dec 8, 2009 9:31am
Only trade with confluence.......or is that cornflakes. lol

You all are correct. Risk management, money management, position sizing etc.

I like trading the daily when I see a good setup, if the stop is huge-sometimes I can negate it with a trip to a lower timeframe-or I may set a limit/stop and let price take me in with a more appropriate stop. If I don't get filled there is always next time.

I keep it simple and simple I am. lol
  • #3,984
  • Dec 8, 2009 10:04am Dec 8, 2009 10:04am
Today is particularly difficult to trade for me ... Hard to find good enter in a way or in another ...
"I will walk before they make me run" K.Richards
  • #3,985
  • Dec 8, 2009 10:09am Dec 8, 2009 10:09am
when in doubt, zoom out.. the h4 shows bearish when in further doubt, stay out

i am flat now ... i am the risk averse koala.. opposite of forex4pty.. but he is my first koala buddy opposite attracts MUAHAHAHAHAAHAHAHAaaaaaa
  • #3,986
  • Dec 8, 2009 10:11am Dec 8, 2009 10:11am
thanks forexlive

US CEOs more upbeat: Business Roundtable
Written by Jamie Coleman
December 8, 2009 at 16:09 GMT

US CEOs expect real US GDP to rise 1.9% in 2010. 68% of them sees sales up for their companies over the next 6 months. 40% expect to increase capital spending.

EUR/USD slumped to the 1.4735 area ahead of the 16:00 GMT fixing. It now trades in the high 1.4740s.
  • #3,987
  • Dec 8, 2009 10:12am Dec 8, 2009 10:12am
Quoting calderone
I keep it simple and simple I am. lol
we are a bunch of simple guys and we keep it simple ...
but it's difficult
"I will walk before they make me run" K.Richards
  • #3,988
  • Dec 8, 2009 10:24am Dec 8, 2009 10:24am
Quoting Jm4x
we are a bunch of simple guys and we keep it simple ...
but it's difficult
I practice a lot, it keeps me dull!
  • #3,989
  • Dec 8, 2009 10:25am Dec 8, 2009 10:25am
I've just finished to read your last article, Trading801 Koala, ...
My Christmas dream will be to have some warming sun for holidays ... I will be in Italy with the mother of my wife ... I wish peace in the world but I'm not totally foolish ...
"I will walk before they make me run" K.Richards
  • #3,990
  • Dec 8, 2009 10:53am Dec 8, 2009 10:53am
Some time the true is not the true and we need to call Mulder !!

Inserted Video
"I will walk before they make me run" K.Richards
  • #3,991
  • Dec 8, 2009 11:23am Dec 8, 2009 11:23am
Our calendar is different and our New Year is different with the AD, New year in my country calendar is March 21 and to tell the “Norouz”. This day in my country is end of winter and first day of spring. Our in my country do not holiday in Christmas but in Norouz we have holiday 13 to 15 days.

We are in our calendar is 1388 year LAWS = 2568 year from Beginning of civilization my country (Iran).
We are here to help each other... We Learn Forex Together!
  • #3,992
  • Dec 8, 2009 11:53am Dec 8, 2009 11:53am
Good night my friends and see you tomorrow
"I will walk before they make me run" K.Richards
  • #3,993
  • Dec 8, 2009 12:56pm Dec 8, 2009 12:56pm
Traders sleep with one eye open
I think I will play a long around 4700 ... see you tomorrow
"I will walk before they make me run" K.Richards
  • #3,994
  • Dec 8, 2009 1:12pm Dec 8, 2009 1:12pm
Quoting masoud123
The most important thing in Forex knows the floor price and ceiling price in the current time. never do not buy in the ceiling price and never do not sales in the floor price....
Thanks both for your support and yes i draw them too, my problem is that I use 3 different PCs, as soon as I become a better trader, I will try to buy a sim card specially for my laptop and trade there all days.
  • #3,995
  • Dec 8, 2009 1:16pm Dec 8, 2009 1:16pm
Quoting masoud123
Our calendar is different and our New Year is different with the AD, New year in my country calendar is March 21 and to tell the “Norouz”. This day in my country is end of winter and first day of spring. Our in my country do not holiday in Christmas but in Norouz we have holiday 13 to 15 days.

We are in our calendar is 1388 year LAWS = 2568 year from Beginning of civilization my country (Iran).
Very interesting
  • #3,996
  • Dec 8, 2009 5:47pm Dec 8, 2009 5:47pm
Quoting Jm4x
I've just finished to read your last article, Trading801 Koala, ...
My Christmas dream will be to have some warming sun for holidays ... I will be in Italy with the mother of my wife ... I wish peace in the world but I'm not totally foolish ...

warm sun nice .... i have too much sun lol



goood morninggggg koalaaaaaaaaaaaaaaaass
  • #3,997
  • Dec 8, 2009 5:53pm Dec 8, 2009 5:53pm
Dec. 8 (Bloomberg) -- Stocks, gold and oil fell while the dollar rallied after Dubai World’s Nakheel PJSC lost $3.65 billion, Fitch Ratings downgraded Greece’s credit and German industrial production unexpectedly dropped.
  • #3,998
  • Dec 8, 2009 6:41pm Dec 8, 2009 6:41pm
Well my Christmas dream is to have a good amount of cash to trade it on Forex, and profit from it
  • #3,999
  • Dec 8, 2009 8:02pm Dec 8, 2009 8:02pm
is santa claus coming to town?
  • #4,000
  • Dec 8, 2009 8:32pm Dec 8, 2009 8:32pm
Quoting boringz
is santa claus coming to town?
I hope so with a bag full of green pips
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