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trading801's Koala Forex Articles and EUR/USD views

  • #7,021
  • Feb 19, 2010 4:33am Feb 19, 2010 4:33am
Quoting francis2
Hi Trading, what caused that big drop yesterday late session?

Perhaps this?

Feb. 19 (Bloomberg) -- Asian and European shares, U.S. stock futures and oil dropped and the dollar gained as the Federal Reserve unexpectedly raised its discount rate, spurring concern the recovery will slow as stimulus programs are unwound.

A51
  • #7,022
  • Feb 19, 2010 4:33am Feb 19, 2010 4:33am
very good, for your harvest my friend.

Quoting Area51
OK Getting close to my Tp already.

We will see.


A51
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  • #7,023
  • Feb 19, 2010 4:33am Feb 19, 2010 4:33am
not looking good lets hope the 65 ma holds it down
  • #7,024
  • Feb 19, 2010 4:34am Feb 19, 2010 4:34am
Hi francis, morning my friend

Quoting francis2
Morning all , looks like Im in the same trade as you A51 looking for the bottom of the range 1.3470 area hopefully
We are here to help each other... We Learn Forex Together!
  • #7,025
  • Feb 19, 2010 4:36am Feb 19, 2010 4:36am
Morning Masoud
  • #7,026
  • Feb 19, 2010 4:36am Feb 19, 2010 4:36am
Quoting masoud123
very good, for your harvest my friend.

Masoud.

Not yer brother. Currently its going North. But I will excercise good dicipline and stay in the trade until either SL or TP is hit.


A51
  • #7,027
  • Feb 19, 2010 4:39am Feb 19, 2010 4:39am
Quoting francis2
not looking good lets hope the 65 ma holds it down

Just screwing with our heads.

Wants us to bail out with a loss. Would have been easy to TP when it hit the $600 mark. But that would be playing scared. .

And as I type it is now Southbound.

Time will tell.



A51
  • #7,028
  • Feb 19, 2010 4:48am Feb 19, 2010 4:48am
Yes, this is one reason why Im trying to wean myself off the 1 min charts because as you say A51 it ******s with the mind seeing the price go the opposite direction to your trade especially on M1 whereas on M15 the heat seems to be played down and I tend to think oh yeah itll come back I think the goal is to trade long term charts and just walk away picking only the best set ups for example the short from the weekly pullback w/e 17/1/10 on eur/usd or now on GBP/USD it looks like there is roughly 1800 pips to the resistance level low risk small stop loss trades
  • #7,029
  • Feb 19, 2010 4:54am Feb 19, 2010 4:54am
Quoting francis2
Yes, this is one reason why Im trying to wean myself off the 1 min charts because as you say A51 it ******s with the mind seeing the price go the opposite direction to your trade especially on M1 whereas on M15 the heat seems to be played down and I tend to think oh yeah itll come back I think the goal is to trade long term charts and just walk away picking only the best set ups for example the short from the weekly pullback w/e 17/1/10 on eur/usd or now on GBP/USD it looks like there is roughly 1800 pips to the resistance level low risk small stop...

Excellent post francis.

The longer time frames are more relaxing. If you have a method with an edge then simply stick to it and consistency over time with dicipline will make you a winner.

Many traders however are happy to scalp and thats also fine. To each his or her own.

A51
  • #7,030
  • Feb 19, 2010 5:13am Feb 19, 2010 5:13am
starting to look suspiciously like downwards channel, nasty habit of breaking upwards! I think my hopes of it getting to the bottom of the range are fading, no momentum
  • #7,031
  • Feb 19, 2010 5:15am Feb 19, 2010 5:15am
TP Hit but MT4 did not execute so I have closed it manually.

Wonder if that happens on a real account?

Profit at Tp was over $800 but by the time I closed it a spike up was occuring so I only managed to grab $448.


A51
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 TP.jpg Size: 40 KB
Click to Enlarge Name: 2 TP.jpg Size: 18 KB
  • #7,032
  • Feb 19, 2010 5:21am Feb 19, 2010 5:21am
good pos, my friend your TP is 3488 and in the MT4 only show the BID price on chart, and when you in short you should look the ask price until touch the TP.

Quoting Area51
TP Hit but MT4 did not execute so I have closed it manually.

Wonder if that happens on a real account?

Profit at Tp was over $800 but by the time I closed it a spike up was occuring so I only managed to grab $448.


A51
We are here to help each other... We Learn Forex Together!
  • #7,033
  • Feb 19, 2010 5:26am Feb 19, 2010 5:26am
Quoting masoud123
good pos, my friend your TP is 3488 and in the MT4 only show the BID price on chart, and when you in short you should look the ask price until touch the TP.
Thanks Masoud.

Yes you are correct. I was just thinking about that and was going to post some thoughts.

I used to watch price hit the line and wonder why it did not execute until I worked out that the difference was the spread.

I use a different platform for my real acccount and I watch the Buy and Sell price instead of where the line is.

Your broker is not always out to rip you off.


A51
  • #7,034
  • Feb 19, 2010 5:32am Feb 19, 2010 5:32am
MT4 is very slow and bad design platform , Mt4 only good for design indicator

Quoting Area51
Thanks Masoud.

Yes you are correct. I was just thinking about that and was going to post some thoughts.

I used to watch price hit the line and wonder why it did not execute until I worked out that the difference was the spread.

I use a different platform for my real acccount and I watch the Buy and Sell price instead of where the line is.

Your broker is not always out to rip you off.


A51
We are here to help each other... We Learn Forex Together!
  • #7,035
  • Feb 19, 2010 5:37am Feb 19, 2010 5:37am
Quoting masoud123
MT4 is very slow and bad design platform , Mt4 only good for design indicator

Masoud.

I agree. I only use it for the charts which I am happy with.

A51
  • #7,036
  • Feb 19, 2010 5:43am Feb 19, 2010 5:43am
Where have all the Koalas gone?

A51
  • #7,037
  • Feb 19, 2010 5:44am Feb 19, 2010 5:44am
good, MT4 good for use chart and indicator, if you can work whit good broker and other platform never work whit MT4.

I work whit many of platform, I love only ACM and Dukascopy platform, very fast and very user friendly. but these brokers need very much money for open account.

Quoting Area51
Masoud.

I agree. I only use it for the charts which I am happy with.

A51
We are here to help each other... We Learn Forex Together!
  • #7,038
  • Feb 19, 2010 5:52am Feb 19, 2010 5:52am
Quoting masoud123
good, MT4 good for use chart and indicator, if you can work whit good broker and other platform never work whit MT4.

I work whit many of platform, I love only ACM and Dukascopy platform, very fast and very user friendly. but these brokers need very much money for open account.

Hey Masoud.

I have trialed the Dukascopy platform and I like it very much. My aim was to one day open an account with them. I must say however I am happy with my current broker and I don't actually see the need to have a large deposit unless you wish to have the capacity for a large drawdown.

Many ways to approach this business. Am learning all the time.

A51
  • #7,039
  • Feb 19, 2010 6:10am Feb 19, 2010 6:10am
out at b/e on short did as suspected long at 1.3502 to top
  • #7,040
  • Feb 19, 2010 6:10am Feb 19, 2010 6:10am
Looks like London want a higher close?

Will New York take it back down?


A51
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