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  • #1,135,181
  • Sep 24, 2017 4:11pm Sep 24, 2017 4:11pm
Quoting Liquidsnake
sry for offtopic. USDJPY opened gap up, how usual is it in % that USDJPY closes its gap, compared to cable for example (which is around 80% if im not mistaken) ?
id say almost 100%

gaps close because at some point in the decades price has returned to every single price since price was made...

yes you are mistaken with cable... its also higher than that

but right at the market open... im not sure... why bother trading those high spreads just to scratch a couple of pips...

people need to understand the logic behind 'gaps closing' + only retail see the gaps on the chart...

Quoting PayTheLimit
fairly certain that there will be some support in the blue box, but I cant put my finger on it...as for resistance, I got none of that either...think I'll have to look elsewhere early this week... {image}


im probably after less pippage than you though old man
  • #1,135,182
  • Sep 24, 2017 4:13pm Sep 24, 2017 4:13pm
speaking of UJ, some R here at 112.20, looks decent, could try for 111.44, or even 110.50ish from here...
Look Sharp/Trade Tight
  • #1,135,183
  • Sep 24, 2017 4:14pm Sep 24, 2017 4:14pm
Good luck this week sailors-

ECB monday and Final GDP on Thursday will be your market movers this week.

Yellen speech on Tuesday and Draghi on Friday should be irrelevant.

Heads up, USA has beat GDP for the past 8 quarters.
  • #1,135,184
  • Sep 24, 2017 4:15pm Sep 24, 2017 4:15pm
Quoting Don96
{quote} id say almost 100% gaps close because at some point in the decades price has returned to every single price since price was made... yes you are mistaken with cable... its also higher than that but right at the market open... im not sure... why bother trading those high spreads just to scratch a couple of pips... people need to understand the logic behind 'gaps closing' + only retail see the gaps on the chart...

I know that on the longer term, as in month and years, yes the probability is almost 100%. but for the short term, for example on daily to weekly basis, what do the % say, a nice link u have stashed perhaps? thx for the answer
  • #1,135,185
  • Sep 24, 2017 4:25pm Sep 24, 2017 4:25pm
Open Trades GJ 3 positions From Friday.
EU opened now, SL @ 1.1875 TP 1.1960
Attached Image
Holy Grail - Patience and Acceptance
  • #1,135,186
  • Edited Sep 25, 2017 5:56am Sep 24, 2017 4:31pm | Edited Sep 25, 2017 5:56am
If you are tracking EURJPY this week, here's a top-down technical analysis you may want to consider.

Price action is respecting an outer support trendline (navy colour) and an inner support trendline (chocolate colour) on the daily time frame and as long as the trendlines are still intact, a bullish disposition will be maintained. A sideways pattern is clearly seen on the daily time frame during the last four days of lart week. Also, a wedge pattern is also discernible through the resistance trenndline (magenta colour) on the highs of the daily candlesticks, and two price waves have been formed within the wedge. A third price wave is likely to bear southward and target the outer support trendline (navy colour) or the horizontal support around the 130.066 area, which is in confluence with the monthly central pivot.

A wedge pattern has been formed by recent price action on the H4 time frame (bound in magenta coloured lines). As seen on the daily time frame, two price waves are visible and a third is bearing southward. This may lead to the break of the wedge southward and target the minor support zone on the H4 time frame around the 131.325 area, which is a 61.8 Fib retracement level of the most recent swing high from the outer support trendline (navy colour) seen on the daily time frame; this descent may extend to the 130.600 area – which is the 78.6 Fib retracement area, and retest the inner support trendline (chocolate colour) seen on the daily time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,135,187
  • Sep 24, 2017 4:48pm Sep 24, 2017 4:48pm
Anyone got the bulls to go long on the euro right now?
  • #1,135,188
  • Sep 24, 2017 4:50pm Sep 24, 2017 4:50pm
Quoting OnlineAddict
{quote} I already explained...but just so people don't think I am trading long...NO, I am just waiting for shorts.

Good thing you didn't gap into the close, as the market did the opposite of what you expected it to do. I still couldn't find your answer for why you thought EURUSD would gap up... I believe you said "Because everyone is short" well it looks like that guess turned out to be wrong. I'm not trolling, but simply stating that this market will do what ever it wants, and what it "will" do has nothing to do with what we believe will happen.

Attached Image (click to enlarge)
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Why do you think the market gapped down OnlineAddict?
  • #1,135,189
  • Sep 24, 2017 4:56pm Sep 24, 2017 4:56pm
Quoting Liquidsnake
{quote} I know that on the longer term, as in month and years, yes the probability is almost 100%. but for the short term, for example on daily to weekly basis, what do the % say, a nice link u have stashed perhaps? thx for the answer
I'm almost sure chances of gap closing within a day are +- 50%. So, in other words, its random.
  • #1,135,190
  • Sep 24, 2017 5:01pm Sep 24, 2017 5:01pm
I'M LONG!!!
  • #1,135,191
  • Sep 24, 2017 5:04pm Sep 24, 2017 5:04pm
Quoting KeenPips
If you are tracking EURJPY this week, here's a top-down technical analysis you may want to consider. Price action is respecting an outer support trendline (navy colour) and an inner support trendline (chocolate colour) on the daily time frame and as long as the trendlines are still intact, a bullish disposition will be maintained. A sideways pattern is clearly seen on the daily time frame during the last four days of lart week. Also, a wedge pattern is also discernible through the resistance trenndline (magenta colour) on the highs of the daily...
Good One,
It looks bullish,
here are my two cents,
1.3440, 1.3480 and further up to 136
Images: H1 and Daily charts
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYH1.png Size: 81 KB
Holy Grail - Patience and Acceptance
  • #1,135,192
  • Sep 24, 2017 5:05pm Sep 24, 2017 5:05pm
DXY headed to fill the gap. Shorts way overconfident in huge uptrend. Germany's conservative party upsurge will be interesting to this trade for maybe the next hour. Then DXY plummets.
  • #1,135,193
  • Sep 24, 2017 5:06pm Sep 24, 2017 5:06pm
Quoting suthmo
Chance for bears to get off the hook at best price somewhere here 1975 to 1914, maybe continue down IF the preceding count is complete, but I'm convinced we're still in a sub wave of the move up..
Target 1914 damn, had raised my stop. Buying again
Founder of Sutherland Wave Principle
  • #1,135,194
  • Sep 24, 2017 5:06pm Sep 24, 2017 5:06pm
Quoting bluesoul
{quote} Good One, It looks bullish, here are my two cents, 1.3440, 1.3480 and further up to 136 Images: H1 and Daily charts {image} {image}
I am long on the Eur/jpy as well

10 pips so far
  • #1,135,195
  • Sep 24, 2017 5:16pm Sep 24, 2017 5:16pm
German elections is a fiasco for Merkel, EUR/USD will drop today under 1.18600 and 1.16600 will be touched most likely till end of this week and month also...

Some voices tells already that is better for Germany to do new elections...
I am who I am
  • #1,135,196
  • Sep 24, 2017 5:22pm Sep 24, 2017 5:22pm
Quoting imwim
German elections is a fiasco for Merkel, EUR/USD will drop today under 1.18600 and 1.16600 will be touched most likely till end of this week and month also... Some voices tells already that is better for Germany to do new elections...

You are talking nonsense!!!

The gam plan for merkel party is already set!!

The euro will get nowhere 1.16

What are you smoking?
  • #1,135,197
  • Edited 5:55pm Sep 24, 2017 5:45pm | Edited 5:55pm
Quoting Samson85
{quote} You are talking nonsense!!! The gam plan for merkel party is already set!! The euro will get nowhere 1.16 What are you smoking?
We'll take our country back - AfD (Das Unmögliche ist wahr geworden: erlebt ein unvegleichliches politisches Erdbeben. Packen wir es an!)

I wonder who can buy deeply EUR/USD after AfD entered into german parliament with a high score and looks for taking their country back...
I am who I am
  • #1,135,198
  • Sep 24, 2017 6:05pm Sep 24, 2017 6:05pm
Quoting imwim
{quote} We'll take our country back - AfD (Das Unmögliche ist wahr geworden: erlebt ein unvegleichliches politisches Erdbeben. Packen wir es an!) I wonder who can buy deeply EUR/USD after AfD entered into german parliament with a high score and looks for taking their country back...

...so someone stole your country?
  • #1,135,199
  • Sep 24, 2017 6:14pm Sep 24, 2017 6:14pm
Quoting Liquidsnake
{quote} ...so someone stole your country?
lol.
https://linktr.ee/Soultrader
  • #1,135,200
  • Sep 24, 2017 6:18pm Sep 24, 2017 6:18pm
Quoting Liquidsnake
{quote} ...so someone stole your country?
If we'll take as a joke the fact that AfD entered into german parliament with a high score the EU will disappear soon...

Yesterday Marine Le Pen in France, today AfD in Germany, and so on...
I am who I am
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