EUR/USD tough battle at the support 1.38 !
I added 3% to my margin account (a very small accout I might add) on the E/$ this a.m. but still donāt know if Iām using the proper settings. I was whipsawed last week by getting in too early so I now wait for a close above/below the red line on the 2nd or 3rd candle. I may miss a few pips but better than losing some. I would like to know how others here time their entries - anyone? I am using a 1/2 risk reward, 25 pip SL & a 50 pip TP and will close either early if I see a change in direction. d.
yours sound similar to mineā¦ i rather gain a few less pips than to lose the trade. sometimes i will also close manually if an important s/r is approachingā¦ ( those lines on my reviews at my blog )
Will you be posting the updated settings this week? d.
yes. stay tunedā¦ i hope i dont disappoint ā¦ just a humble small koala here!
Updated system rules in first post and blog 
hope it helps.
Thank you, much appreciated. d.
most welcomeā¦ hope it helps!
and now the EUR/USD is testing the 1.4 region. exciting !
I just shorted the E/$ @ 1.3928 and shorted the A/$ @ .9867. I may not be able to let these run very long as I have a busy day ahead so if Iām in profit I will close, if not I will adjust TP & SL if necessary and go about my business. Good luck all, d
crap - didnāt go back to Oandaās site & took a short profit with the E/$, out @ 1.3917. I couldnāt move my TP fast enough, darn. But +11 pips is better than -11 pips. A/$ still running.
more edit: the A/$ hit my 30 p. [email protected]. Lady Luck has smiled on me this a.m. as both trades only went for another 2-3 pips beyond my TP before reversing so I will close up shop & feel smug for the rest of the day. But then there is tomorrow. Good trading all, d.
hey hey hey congratsā¦ i love it when koalas make $$$
Sorry if you have visited this idea in previous posts but do you use the 5M TF as confirmation or additional information before entering a trade? I use the 15M for the basic setup but also look at the 1H to see if Iām near a S/R area or other noteworthy info & then use the 5M to see if there is an indication of a trend change or pullback. Itās these last 2 Iām having some trouble with as it is hard to distinquish between the red & blue interacting as a pullback or a complete trend change. Any comments would be appreciated, d.
hi koala,
one quick fix would be to watch out on the 5M TF ( with the primary indictors ) ā¦ to make sure it is not headed in the wrong direction or collapsing
Good morning koalas!!!
"Retail sales in Germany, Europeās largest economy, unexpectedly dropped for a second straight month in September. " Bloomberg. probably risk aversion at workā¦ going towards the low.
Did you complete the week green in pips? I hope so
Do remember that next week brings the much anticipated FOMC statement event. Watch out for crazy price action! The EUR/USD as mentioned in the latest review by Masoud on my blog seems to be in a squeezing triangle !
price is knocking at 1.4 strong lineā¦ wait for confirmation ā¦
back to 1.38+ dont let this apprehension wipe out your positions koalas!
Well Mr. Koala Man - thank you. I grabbed +30 pips this a.m., E/$ FXDD, and +20 Pips, same pr. Oanda. Iām starting to regain some lost ground that I experienced with other strategies which Iām sure are successful but I donāt know how to trade them. Yours is easy & straight forward. thanks again, d.
hey Koala D, i am VERY happy to hear that you are picking upā¦ do remember that no one system to rule them allā¦ expect up and downsā¦ proper MM is crucial to ride out those tough timesā¦
Please feel free to follow my website for my updates / reviews
BTW do rate this thread if you like the systemā¦ i hope to share to as many koalas as possible about this free systemā¦ lol some folks thought i will charge them sighā¦ its tough to be a koala 
EUR/USD continues to hover around 1.42ā¦