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  • #1,159,721
  • Sep 8, 2019 11:59am Sep 8, 2019 11:59am
I don't think we will open anywhere near where the xe guys are saying. We will open below the close on friday or @ that price. There is no transaction being conducted on weekends. The last settlement figure was 1.1034. Only futures get settlement not spot-market.
  • #1,159,722
  • Sep 8, 2019 1:40pm Sep 8, 2019 1:40pm
Quoting MrPresident
{quote} Got out of this trade prior to NFP I think EUR could go higher today if the NFP is weak but then I will sell it from a better price
possible rally in EUR higher towards the ECB meeting on September 12th, then downhill again if ECB is dovish
Don't Worry Be Happy
  • #1,159,723
  • Sep 8, 2019 3:03pm Sep 8, 2019 3:03pm
Quoting traderjnr
I don't think we will open anywhere near where the xe guys are saying. We will open below the close on friday or @ that price. There is no transaction being conducted on weekends. The last settlement figure was 1.1034. Only futures get settlement not spot-market.
fx market may be closed for u, a mere retail trader during the weekends. but whilst u cannot trade, doesnt mean the whole world stops. spot fx has a clearing of t+1, given nfp friday. it is not surprised Cbs do move markets on weekends, in anticpation of upcoming week's movement. depending on pending upcoming transaction deals. they need to shore up reserves in certain currencies. same thing for institutional multi national companies and banks.. the main purpose of them transecting on weekends is so that they do not move the market during normal hours. being the ultimate cp. bank A might be holding more EUR reserves whilst bank B might be holding more USD reserves. which needs evening out.
  • #1,159,724
  • Sep 8, 2019 3:16pm Sep 8, 2019 3:16pm
Quoting kingfx19
{quote} XE for years now has given near accurate price of market and when opens may miss with few pips. Besides, I expected this gap moves before the market closed. So it is likely this is the price we will get some few hours from now.
Are we anywhere close to the rate xe was telling us?lol.
  • #1,159,725
  • Sep 8, 2019 3:27pm Sep 8, 2019 3:27pm
You’d think people would know better by now about XE but unfortunately some people never learn
ex nihilo
  • #1,159,726
  • Sep 8, 2019 3:45pm Sep 8, 2019 3:45pm
Never learn what? It shows 1.10269 now, watch the xe value 5 mins before the open and compare it with the real value at open and it will be nearly the same.
  • #1,159,727
  • Sep 8, 2019 3:46pm Sep 8, 2019 3:46pm
Quoting traderjnr
{quote} Are we anywhere close to the rate xe was telling us?lol.
It's at 1.10265 now let's see.
  • #1,159,728
  • Sep 8, 2019 3:47pm Sep 8, 2019 3:47pm
Quoting Bicarus
{quote} fx market may be closed for u, a mere retail trader during the weekends. but whilst u cannot trade, doesnt mean the whole world stops. spot fx has a clearing of t+1, given nfp friday. it is not surprised Cbs do move markets on weekends, in anticpation of upcoming week's movement. depending on pending upcoming transaction deals. they need to shore up reserves in certain currencies. same thing for institutional multi national companies and banks.. the main purpose of them transecting on weekends is so that they do not move the market during...
No bank conduct transactions over the weekend buddy. It only happens when the asian markets (Japan) come online. Those prices xe was showing never traded there in the first place. There is nothing like world market. It does not exist. if you have ever worked for bank who deals in Foreign exchange you will understand what I'm talking about. The market we trade is western markets (made of mainly western europe and north america) which includes Japan. A few years before the EU all the southern european and eastern europeans weren't part of the club. Majority of the world still hang their currencies. @ 5PMEST time on friday the fx computers get turn-off from its centralised place and comes back up on sunday. next time you see xe quoting rates on sunday ignore it. lol where is the 1.1127 prices which traded on the xe platform?
  • #1,159,729
  • Sep 8, 2019 3:48pm Sep 8, 2019 3:48pm
Quoting traderjnr
{quote} No bank conduct transactions over the weekend buddy. It only happens when the asian markets (Japan) come online. Those prices xe was showing never traded there in the first place. There is nothing like world market. It does not exist. if you have ever worked for bank who deals in Foreign exchange you will understand what I'm talking about. The market we trade is western markets (made of mainly western europe) which includes Japan. A few years before the EU all the southern european and eastern europeans weren't part of the club. Majority...
Why do gaps appear on chart then buddy? I thought FX is a 24/7 market. Oh my...
  • #1,159,730
  • Sep 8, 2019 3:59pm Sep 8, 2019 3:59pm
If you are tracking the EURUSD this week, consider this technical perspective.

On the daily time frame, last week, a morning star was formed at the support trendline of a falling wedge (blue) seen on the weekly time frame. However, there was limited bullish follow-through as indecision candlesticks were printed by price action on Thursday and Friday. It is better to wait for market clarity in the next few days. As the bigger picture is still in favour of a downtrend, any sell trade is better done upon a pullback to a value area; for example, to around the wedge resistance trendline or the 1.11500/1.11700 horizontal resistance area.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,159,731
  • Sep 8, 2019 4:00pm Sep 8, 2019 4:00pm
Quoting Stillearnin
{quote} Why do gaps appear on chart then buddy? I thought FX is a 24/7 market. Oh my...
You still do not get it buddy. But it's ok. Fx market is 24hours only Sunday to friday @ 5pmEST. Pre-market usualyy happens from 8pm GMT to 10pmGMT. From there everything is normal until 5pmEST or 10PMGMT on friday then we get close @21:59pm GMTor 4:59pmEST. Those prices xe was quoting never happened. You can call the CME to ask if it did. lol
  • #1,159,732
  • Sep 8, 2019 4:05pm Sep 8, 2019 4:05pm
Quoting traderjnr
{quote} You still do not get it buddy. But it's ok. Fx market is 24hours only Sunday to friday @ 5pmEST. Pre-market usualyy happens from 8pm GMT to 10pmGMT. From there everything is normal until 5pmEST or 10PMGMT on friday then we get close @21:59pm GMTor 4:59pmEST. Those prices xe was quoting never happened. You can call the CME to ask if it did. lol
My question was, why do gaps appear on Sunday night if these guys ''close their computers'' at ''5 who gives a f'' on friday? What are you even talking about?
  • #1,159,733
  • Sep 8, 2019 4:07pm Sep 8, 2019 4:07pm
Quoting traderjnr
{quote} No bank conduct transactions over the weekend buddy. It only happens when the asian markets (Japan) come online. Those prices xe was showing never traded there in the first place. There is nothing like world market. It does not exist. if you have ever worked for bank who deals in Foreign exchange you will understand what I'm talking about. The market we trade is western markets (made of mainly western europe and north america) which includes Japan. A few years before the EU all the southern european and eastern europeans weren't part of...
Are u a joke? Please read my first comment. Dint i predict exactly what would happen within 2 hours of nz open? Whilst you are there screaming that xe's quotes are a sham. If u cant see transectional volume doesnt mean it is not happening.
  • #1,159,734
  • Sep 8, 2019 5:14pm Sep 8, 2019 5:14pm
Quoting traderjnr
{quote} Are we anywhere close to the rate xe was telling us?lol.
Maybe XE is giving indications where the trend ought to go, but MM restraining the moves and waiting before blasting off.
Dont be fool by the newbie badge....older here...older in the biz.
  • #1,159,735
  • Sep 8, 2019 5:58pm Sep 8, 2019 5:58pm
I close trades over the weekend. Sometimes price gaps up, sometimes down, sometimes it will gap to crazy prices right off the last close and then paint back to a normal level like nothing happened . I am a trader, not a gambler.

I see downside. I would like another short off 1050, but if that doesn’t happen, there’ll be a good move back down to 0987. There’s also some pocket of liquidity at 1040. Let’s see how price reacts
  • #1,159,736
  • Sep 9, 2019 3:00am Sep 9, 2019 3:00am
Quoting Tekin
{quote} next week or maybe never happy weekend my sel was from yesterday @ 1,10544 not my sl is @1,1054 happy weekend all

i sold @1,1028 stop is at 1,1045 i am waiting to 1,1072 today
  • #1,159,737
  • Sep 9, 2019 3:12am Sep 9, 2019 3:12am
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  • #1,159,738
  • Sep 9, 2019 5:02am Sep 9, 2019 5:02am
Nothing worth trading this session.
liquidity being sucked out at 1040 though.
1050 awaits possibly for the US traders... but there’s nothing for me today
  • #1,159,739
  • Sep 9, 2019 8:03am Sep 9, 2019 8:03am
Quoting MrPresident
{quote} possible rally in EUR higher towards the ECB meeting on September 12th, then downhill again if ECB is dovish
I’m looking at a rally towards 1.11 or 1.118 before selling again

stop above 1.12 on sell orders

target open
Don't Worry Be Happy
  • #1,159,740
  • Sep 9, 2019 8:12am Sep 9, 2019 8:12am
4h chart

im already short - imo
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