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trading801's Koala Forex Articles and EUR/USD views

  • #6,561
  • Feb 15, 2010 7:51am Feb 15, 2010 7:51am
Quoting Forex4pty
closed my position with +1, no more trade for me, guys see you tomorrow will spend my day doing something at home...

Trade safe, don't be risky
See you my friend
"don't be risky"
"I will walk before they make me run" K.Richards
  • #6,562
  • Feb 15, 2010 7:54am Feb 15, 2010 7:54am
see you tomorrow my friend, have a nice time.

Quoting Forex4pty
closed my position with +1, no more trade for me, guys see you tomorrow will spend my day doing something at home...

Trade safe, don't be risky
We are here to help each other... We Learn Forex Together!
  • #6,563
  • Feb 15, 2010 8:04am Feb 15, 2010 8:04am
out at b/e on that one should have exited at trendline
  • #6,564
  • Feb 15, 2010 8:07am Feb 15, 2010 8:07am
Quoting francis2
Thanks A51 so trading the daily do you tend to look at monthly s/r
Hi Francis

Without teaching you how to find S & R, and judging on your membership length at FF, I'm sure you know how to do so. This is what I do to select my S & R areas.

I look at a pair on the Weekly and drop on some lines in red where price has obviously reversed. Remember these are areas not to the pip lines.

I then change charts to a Daily and add more lines that might not have been obvious on the weekly. In this case the additional line is in blue on the daily chart. Yellow arrows indicate where price has reacted to the line.

I now have my areas of interest for the daily timeframe.

Remember. To tweak an entry you can now go to a lower time frame doing the same thing to get a tighter entry.

Hope this assists. If you have a look around FF there are some excellent S & R posts that will do a better job than the one I have just posted.

A51
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 Weekly.jpg Size: 87 KB
Click to Enlarge Name: 1 Daily.jpg Size: 96 KB
  • #6,565
  • Feb 15, 2010 8:13am Feb 15, 2010 8:13am
thanks A51
back in short at 17 test of previous support
  • #6,566
  • Feb 15, 2010 8:17am Feb 15, 2010 8:17am
Thanks A51,

Good and useful post.

Quoting Area51
Hi Francis

Without teaching you how to find S & R, and judging on your membership length at FF, I'm sure you know how to do so. This is what I do to select my S & R areas.

I look at a pair on the Weekly and drop on some lines in red where price has obviously reversed. Remember these are areas not to the pip lines.

I then change charts to a Daily and add more lines that might not have been obvious on the weekly. In this case the additional line is in blue on the daily chart. Yellow arrows indicate where price has reacted to the line.

I now...
We are here to help each other... We Learn Forex Together!
  • #6,567
  • Feb 15, 2010 8:29am Feb 15, 2010 8:29am
Quoting masoud123
Thanks A51,

Good and useful post.
Thanks Masoud.

Trying to be a good Koala.

Well it's late here and I'm off to bed.

See you Koalas tomorrow.

Green pips to you all.

A51
  • #6,568
  • Feb 15, 2010 8:31am Feb 15, 2010 8:31am
out for +10, weak trend, its like watching paint dry, dont look like its going anywhere in a hurry today
  • #6,569
  • Feb 15, 2010 8:34am Feb 15, 2010 8:34am
see you tomorrow my friend, have a nice night.

Quoting Area51
Thanks Masoud.

Trying to be a good Koala.

Well it's late here and I'm off to bed.

See you Koalas tomorrow.

Green pips to you all.

A51
We are here to help each other... We Learn Forex Together!
  • #6,570
  • Feb 15, 2010 8:35am Feb 15, 2010 8:35am
Good, profit is profit even +1 pips.

Quoting francis2
out for +10, weak trend, its like watching paint dry, dont look like its going anywhere in a hurry today
We are here to help each other... We Learn Forex Together!
  • #6,571
  • Feb 15, 2010 8:41am Feb 15, 2010 8:41am
thanks masoud I find short term trading suits me Im just trying to conquer my demons now, although im making a profit, I find it very difficult going long I can short all day long but when it comes to buying I struggle, I dont know whether its to do with psychologically trying to push the pips up the screen or what, someone will tell me no doubt!!
  • #6,572
  • Feb 15, 2010 8:55am Feb 15, 2010 8:55am
This is depends on your psychologically and also the market trend, now we are on the bear trend on the long term, this is may for this,,,, but all these solved whit practice. don't worry.

Quoting francis2
thanks masoud I find short term trading suits me Im just trying to conquer my demons now, although im making a profit, I find it very difficult going long I can short all day long but when it comes to buying I struggle, I dont know whether its to do with psychologically trying to push the pips up the screen or what, someone will tell me no doubt!!
We are here to help each other... We Learn Forex Together!
  • #6,573
  • Feb 15, 2010 8:55am Feb 15, 2010 8:55am
looks like me getting out was the trigger for it to move!!
  • #6,574
  • Feb 15, 2010 8:59am Feb 15, 2010 8:59am
broken through trendline M15 a retest then a drop?
  • #6,575
  • Feb 15, 2010 9:00am Feb 15, 2010 9:00am
Quoting francis2
looks like me getting out was the trigger for it to move!!
it's a sentiment very classical sometime it's drive me
"I will walk before they make me run" K.Richards
  • #6,576
  • Feb 15, 2010 9:03am Feb 15, 2010 9:03am
I just console myself with the theory that if id stayed in it would have gone up
Sold at 97
  • #6,577
  • Feb 15, 2010 9:13am Feb 15, 2010 9:13am
this is the bit that interests me with s/r, Now im looking to take profit at roughly 80 level which is previous support m15 but price has now stalled and if you look it is at th H1 closing price, 92
  • #6,578
  • Feb 15, 2010 9:13am Feb 15, 2010 9:13am
market painting???
Attached Image
We are here to help each other... We Learn Forex Together!
  • #6,579
  • Feb 15, 2010 9:16am Feb 15, 2010 9:16am
nice chart, itll be worth a fortune at auction in a few years
  • #6,580
  • Feb 15, 2010 9:21am Feb 15, 2010 9:21am


Quoting francis2
nice chart, itll be worth a fortune at auction in a few years
We are here to help each other... We Learn Forex Together!
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