trading801's Koala Forex Articles and EUR/USD views

slogan as king: Learning Forex Together.

YES ! i like that

no look down on any koalas here

Hello Koalas, how you doing!!!

Lol Im here trading I open some positions earlier and failed, recover them still a little to recover, looking for a good position, hey Jm4x, your plan of opening shorts at 1.438x is working great, keep going.

Want to hear 1 funny story and 1 sad story, the sad first...

I open yesterday a short on EU at 1.4358 TP 1.4280.... Let it run thru the night with its trailing stop of 25 running, I reinstalled all windows weeks before, and when I close the lit of the laptop it went stand by, so the Trailing wasn't working.... ARRRGGHHH

So it went down to 1.4282...""""2 points more" it was a .05 lot size trade so I missed around $38 very sad Still close it on profit $1.50

now the funny one...

I made my analysis on GJ aka "The Dragon" "The Beast" and I long it at 146.82, it went down to 1.4622 my TP was at 145.91 but I didn't trust on my long... so I close it with 50 pips loss and open a short.. and guess what.... lol It went all the way up I loss there around $13 at .01 lot size

but well I learn again that I have to trust on myself, oh the other was on AJ a short went positive 10 pips and then 30 against me right to my SL, I was about to cover 1 pip, but left it like that... thats are my today's experiences on Forex

hmmm u really think u not trading too much ?

when you say trading too much, too much pairs, or too much trades per day/week and so on?

not really my last let me with 7pips in red

pairs? or only max 2

yep, you are right, will lower them, Im not prepared... today the market let me know about that..

Well see you tomorrow my friends ... good harvest to everybody

see you tomorrow Jm4x

morning dear koalas ... harvesting those pips ? hee

Jan. 7 (Bloomberg) -- The yen and the dollar fell versus the euro as signs that the global economic recovery is gathering momentum boosted demand for higher-yielding assets.

Japan’s currency dropped to a 15-month low against the Australian dollar after a government report showed Australian retail sales rose in November at more than four times the pace expected by economists. The U.S. dollar approached its lowest level in three weeks against the euro on speculation the Federal Reserve will keep interest rates near zero.

Hello trading, you are 1 day above me still on Wednesday here.. hehehe

Well yesterday for you I recover everything less a $1 today I am flat, I was out with my wife.

thank goodness u recovered most of the $..

remember money is hard to come by !

make the right proper positions today and harvest those pips ok? they are waiting to be harvested !

I will, $1 recovered, on EJ, I drew the channel it was at the bottom of the trendline good low risk opportunity to enter, got 10 pips and close it, after that it began to move down...

Going to bed, see you tomorrow...

Good Mrning Koalas friends ...

well done !! remember slow and steady

Good morning !!!

thanks forexlive !!

EUR/USD opens little easier
Written by Gerry Davies
January 7, 2010 at 05:52 GMT

EUR/USD is opening a little easier in Europe, presently at 1.4385 compared to a North American close Wednesday around 1.4410.

A few interesting pieces of euro zone data this morning:

10:00 GMT: Euro zone retail sales for November expected flat m/m, -1.9% y/y

10:00 GMT: Euro zone economic confidence for December expected 90.0 from 88.8, consumer confidence -16.0 from -17.0

11:00 GMT: German factory orders for November expected +1.5% m/m, -0.2% y/y

European stocks expected to open flat to modestly lower.

Support 1.4380/85 and 1.4350, resistance 1.4445/50.

Jan. 7 (Bloomberg) -- Japan Airlines Corp. fell the most in a week after the Nikkei said the carrier may take a 1.13 trillion yen ($12.2 billion) restructuring charge in the year ending March and file for bankruptcy.