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Big Boys DID IT AGAIN

  • #121
  • Nov 26, 2006 5:45pm Nov 26, 2006 5:45pm
ok, I'm taking off.

Good luck all!
  • #122
  • Nov 26, 2006 5:45pm Nov 26, 2006 5:45pm
Quoting Rezo
Simple and best interpretation will be: if we dont fill the gap today (i.e. we dont reach friday levels), then this will mean down-down-down for the dollar. and if we dont fill the gap this week - even worse.
fridays level of 9320? wich was the top? meaning if we dont go back down to it?
Ghost Swoopen in for my pips while no one is lookin !!
  • #123
  • Nov 26, 2006 5:47pm Nov 26, 2006 5:47pm
Quoting fxvision
I had a brief chat with my broker just a min ago and they said today's gap was simply massive stop hunting by large players in an extremely thin market and that is why we will see more official regulation on the markets in a not so distant future. To many millions and billions are being manipulated by the few I guess. I feel bad for all those who lost money on dollar longs over the weekend or during last week, but you made the decision to keep your position over the weekend yourself and stuff like this can happen. You know the opening hours of your brokers and if you are not pleased with them, move to another one, or simply change trading style. Good luck to all of you in this coming week. Should be interesting.
Hi fxvision,

nice to see you again.
What kind of regulation ?

Indeed its quite 'stupid' that the price is made only from demand/offer without considering a minimum amount of money involved in it.
So if we play, only me and you, and you buy 100.000 euro and I sell 300.000 $ the $ should be back to his place ....

The problem is that this disoriented many, and now the pcicological influence of the new price is a reality.
I dont know who feels to take a short now
  • #124
  • Nov 26, 2006 5:48pm Nov 26, 2006 5:48pm
Quoting Ghostpipper
fridays level of 9320? wich was the top? meaning if we dont go back down to it?
yes.
  • #125
  • Nov 26, 2006 5:53pm Nov 26, 2006 5:53pm
Quoting Rezo
yes.
So can we all buy USD and fill in the gap today please? I'm getting poorer just because my money in the bank is a USD.
  • #126
  • Nov 26, 2006 6:01pm Nov 26, 2006 6:01pm
Quoting Rezo
Simple and best interpretation will be: if we dont fill the gap today (i.e. we dont reach friday levels), then this will mean down-down-down for the dollar. and if we dont fill the gap this week - even worse.
Gaps are usually filled, so I think u r on the money with that
  • #127
  • Nov 26, 2006 6:09pm Nov 26, 2006 6:09pm
Quoting wwwin
Gaps are usually filled, so I think u r on the money with that
I know what a gap is, so I am trying to learn something new when you say they are usually filled. What makes you say that.
  • #128
  • Nov 26, 2006 6:12pm Nov 26, 2006 6:12pm
Yes I too want to know more about gaps like this. Where can we go to read bout the gap ??
  • #129
  • Nov 26, 2006 6:14pm Nov 26, 2006 6:14pm
Quoting Tiki Trader
Yes I too want to know more about gaps like this. Where can we go to read bout the gap ??
Large gaps like this are very few and far between in forex. Don't waste your time trying to learn about things that happen every few months, when you can learn about things that happen everyday. Forget the gap. Move on.
  • #130
  • Nov 26, 2006 6:14pm Nov 26, 2006 6:14pm
Hi,
there is a very good article about gaps in the Articles section, it is called Trading the Markets, by John Carter. I hope this helps.
Take care,
Mateusz
  • #131
  • Nov 26, 2006 6:18pm Nov 26, 2006 6:18pm
Consumer spending went up 19% on Black Friday in the US compared to last year. This is something you guys may want to keep in mind for next month.
  • #132
  • Nov 26, 2006 6:25pm Nov 26, 2006 6:25pm
anyone going to be playing the london open that doesnt normally..... i will be there, have no idea what to expect
Ghost Swoopen in for my pips while no one is lookin !!
  • #133
  • Nov 26, 2006 6:26pm Nov 26, 2006 6:26pm
Quoting nitman
So can we all buy USD and fill in the gap today please? I'm getting poorer just because my money in the bank is a USD.
LOL!! The minute I get my strategy down, I will split my currency into JPY, USD, AUD, CAD, GBP, EUR and CHF. That way I wont be so heavily "invested" in one economies currency.

15-20% per currency : )
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #134
  • Nov 26, 2006 6:26pm Nov 26, 2006 6:26pm
Quoting Ghostpipper
anyone going to be playing the london open that doesnt normally..... i will be there, have no idea what to expect
I will try. I played alot of tennis this weekend so I don't know if the body will be willing.
Profit is where readiness meets Opportunity
  • #135
  • Edited 6:40pm Nov 26, 2006 6:30pm | Edited 6:40pm
Quoting goodthings
I know what a gap is, so I am trying to learn something new when you say they are usually filled. What makes you say that.
Book "Technical Analysis Applications in the Global Currency Markets" by Cornelius Luca says that. I am too dumb to invent anything new. But b/c I know my limitations, I try to learn from the best sources, which usually get me in at the less risky times. So I know if I shoot from the hip is suicide.
  • #136
  • Nov 26, 2006 6:44pm Nov 26, 2006 6:44pm
Yes, right to Twinchell and now stupid me, look at my charts, cause on Oanda there is not a gap !!! The gap is in charting programs or services that simply did not show as price started to change at 12 PM... or they were closed !!!
  • #137
  • Nov 26, 2006 7:00pm Nov 26, 2006 7:00pm
Quoting Tiki Trader
Yes, right to Twinchell and now stupid me, look at my charts, cause on Oanda there is not a gap !!! The gap is in charting programs or services that simply did not show as price started to change at 12 PM... or they were closed !!!
LOL, so went Australia and New Zealand opened, there was no gap? Forget about the "gap?" then, it means nothing.
  • #138
  • Nov 26, 2006 7:22pm Nov 26, 2006 7:22pm
good run down of what might currently be in the cards...

"[GBP/USD] rallied to an intraday high of 1.9465 after stops were triggered at 1.9410 by a European and Aust name. However, the pair quickly fell back below the 1.9400 handle after the French Trade minister said that the Euro has risen to a "considerable degree" and that ECB policymakers should do something about it. Market players suggested that the Usd is oversold and a pullback of some sort is inevitable and with the market back to full strength today, it is indeed possible that a larger correction of the Usd fall may take place. A break below the technical support level of 1.9340 will be the first indication of a larger correction towards the 1.9250 level. Earlier buying orders by a European name and selling orders by a US prime will dictate range this session. "
  • #139
  • Nov 26, 2006 7:25pm Nov 26, 2006 7:25pm
Quoting wwwin
LOL, so went Australia and New Zealand opened, there was no gap? Forget about the "gap?" then, it means nothing.
all of the currencies are retracing back to there origin before the gap so whoever said that the normal thing when there is a gap if for them to get filled back to where they started from was spot on. already closed my position out and there wasnt much to play with for scalping ranges, japanese session blows, i like the US session. These are slowely retracing to point 0 but its to late to join the party now cause didnt know untill it was to late really.

I hope the London open gives us something to care about
Ghost Swoopen in for my pips while no one is lookin !!
  • #140
  • Nov 26, 2006 7:32pm Nov 26, 2006 7:32pm
nice bearish candle on the daily BTW, looks like a kind of dark cloud cover type candle...
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