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  • #20,961
  • Aug 17, 2008 2:15pm Aug 17, 2008 2:15pm
Quoting DutchTrader
I'm ignoring right along with you. Talk about blather.
How do you do the ignore feature? I can't find it...
  • #20,962
  • Aug 17, 2008 2:15pm Aug 17, 2008 2:15pm
Possible pullback tonight followed by a drop towards 1.46 tommorow. Not trading till a bit before London open anyway. Some bigger picture trendlines to watch in the chart attached.

Quoting seesaw
How do you do the ignore feature? I can't find it...
Click his profile and there select it in the options.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 141 KB
On the path to Enrichment.
  • #20,963
  • Aug 17, 2008 2:23pm Aug 17, 2008 2:23pm
Quoting Jurrasic
Possible pullback tonight followed by a drop towards 1.46 tommorow. Not trading till a bit before London open anyway. Some bigger picture trendlines to watch in the chart attached.


Click his profile and there select it in the options.
Thanks
  • #20,964
  • Aug 17, 2008 2:23pm Aug 17, 2008 2:23pm
Quoting kodie2006
Do we gap up or down today?
No sarcasm here?

Real question?

Is there such thing as a Sunday gap or is it created by brokers?

Can someone explain this?

I've never seen it.
  • #20,965
  • Aug 17, 2008 2:28pm Aug 17, 2008 2:28pm
Quoting acumen
No sarcasm here?

Real question?

Is there such thing as a Sunday gap or is it created by brokers?

Can someone explain this?

I've never seen it.
Of course there are gaps -- usually are due to some major news event happening over the weekend, but it is not unknown for the actual market to gap up or down...it's not just the broker you trade through. Depending on the broker you use, they *might* try to take advantage of the natural gap down/up and push it a few pips to the downside or upside, but yes, there are gaps.
Pippin ain't easy, but it sho is fun!
  • #20,966
  • Aug 17, 2008 2:28pm Aug 17, 2008 2:28pm
What a bunch of leftist crap. Taking quotes from Hillary Clinton and Gorbachev as gospel fact. Sheesh, what next, excerpts from The Communist Manifesto to defend poor, little Russia from the assault by the Georgian military? This power play by Russia is about nothing but control of the oil pipelines running through Georgia. How come 'No Blood For Oil' protests by the left?

And as far as the economic situation goes, sure the USA has it's problems, mostly lack of any sane leadership when it comes to government finances. But we have not had a negative gdp quarter yet where the ez just had their first. The UK will not be far behind. The euro cannot stay at 1.60 and expect their export driven growth to continue, nor the gbp at 2.00. A market correction was due and this is just the begining.

Quoting Warren Forex
Whether you accept the information or not just in case it is true or mostly true you might want to read it. You can never have too much information. You can always throw out what you do not want in case it is opposite from what you believe.

There is a saying "Ignorance Is Bliss"

Link:

http://www.webofdebt.com/articles/wag_the_dog.php

The Title Is:

WAG THE DOG:
HOW TO CONCEAL MASSIVE ECONOMIC COLLAPSE

Ellen Brown, August 14th, 2008
http://www.webofdebt.com/articles/wag_the_dog.php





Bruce
  • #20,967
  • Aug 17, 2008 2:30pm Aug 17, 2008 2:30pm
Quote
No sarcasm here?

Real question?

Is there such thing as a Sunday gap or is it created by brokers?

Can someone explain this?

I've never seen it.

My two cents is we gap upwards, dont ask me why.

The reason for the "gap" is that truely the market doesnt close over the weekend, just your broker does. So the gap is the difference in the closing price on friday and where the market is when your broker re-opens on Sunday.
  • #20,968
  • Aug 17, 2008 2:31pm Aug 17, 2008 2:31pm
Interesting thoughts on the coming week from dailyfx

- bernanke speaks this week, could be US$ bearish
- However odds are oil will continue to drop
- If there is a retracement, possibly minor one since psych resistance is 1.50

Hmm.....
  • #20,969
  • Aug 17, 2008 2:32pm Aug 17, 2008 2:32pm
Quoting kodie2006
Of course there are gaps -- usually are due to some major news event happening over the weekend, but it is not unknown for the actual market to gap up or down...it's not just the broker you trade through. Depending on the broker you use, they *might* try to take advantage of the natural gap down/up and push it a few pips to the downside or upside, but yes, there are gaps.
Explain how it's created?
  • #20,970
  • Aug 17, 2008 2:35pm Aug 17, 2008 2:35pm
Quoting Cdawg
My two cents is we gap upwards, dont ask me why.

The reason for the "gap" is that truely the market doesnt close over the weekend, just your broker does. So the gap is the difference in the closing price on friday and where the market is when your broker re-opens on Sunday.
m
  • #20,971
  • Aug 17, 2008 2:37pm Aug 17, 2008 2:37pm
Quoting Cdawg
My two cents is we gap upwards, dont ask me why.

The reason for the "gap" is that truely the market doesnt close over the weekend, just your broker does. So the gap is the difference in the closing price on friday and where the market is when your broker re-opens on Sunday.
Correct.
Pippin ain't easy, but it sho is fun!
  • #20,972
  • Aug 17, 2008 2:38pm Aug 17, 2008 2:38pm
Quoting acumen
Explain how it's created?
Foreign Exchange markets are open 7 days a week, 24 hours a day. You think currency exchanging just shuts down for the weekend? Haha....it's just that your broker is closed.
Pippin ain't easy, but it sho is fun!
  • #20,973
  • Aug 17, 2008 2:44pm Aug 17, 2008 2:44pm
Quoting coolhand
What a bunch of leftist crap. Taking quotes from Hillary Clinton and Gorbachev as gospel fact. Sheesh, what next, excerpts from The Communist Manifesto to defend poor, little Russia from the assault by the Georgian military? This power play by Russia is about nothing but control of the oil pipelines running through Georgia. How come 'No Blood For Oil' protests by the left?

And as far as the economic situation goes, sure the USA has it's problems, mostly lack of any sane leadership when it comes to government finances. But we have not had a negative gdp quarter yet where the ez just had their first. The UK will not be far behind. The euro cannot stay at 1.60 and expect their export driven growth to continue, nor the gbp at 2.00. A market correction was due and this is just the begining.
You have been around here longer than I so I just point that out as a matter of fact and respect.

When I post some article either left or right it does not mean that I agree with it. I try to post articles both pro and con so I can see all points of view.

The data in the USA is manipulated PERIOD !!! That is not a conspirancy theory. It is proven fact. Read John Williams ! The USA is now in RECESSION regardless of the GDP numbers.

The facts are not left or right just facts. I am very unhappy to see the USA in big trouble. I love the America I once knew. I lived in New York for awhile.

The Neocons have done a real job on the USA economy. I only care about winning in Forex and making money. When I do not work I enjoy that side as well.

I am a REALIST nothing more and nothing less.

Have a Good Trading Week...

Respectfully Bruce
{Promotion Removed}
  • #20,974
  • Aug 17, 2008 2:53pm Aug 17, 2008 2:53pm
Earlier today I was reading some posts here about the price of Oil and useage and other related issues. Who is right ? Who has faulty data ? Who cares ?

I care because I seek the truth so I am better informed.

The link that I post here now just better informed me and it just might inform you if you take the time to read and understand it with an open mind.

Enjoy !!!

http://www.financialsense.com/fsu/ed...2008/0815.html


Bruce
{Promotion Removed}
  • #20,975
  • Aug 17, 2008 2:55pm Aug 17, 2008 2:55pm
Quoting Warren Forex
.....The data in the USA is manipulated PERIOD !!! That is not a conspirancy theory. It is proven fact......The Neocons have done a real job on the USA economy.....
I don't post much, but that's the dang truth. Data isn't manipulated that much less outside the USA, but at least it gets presented.

Come on FRB, start publishing M3 figures again, I dare ya.
  • #20,976
  • Aug 17, 2008 2:56pm Aug 17, 2008 2:56pm
Quoting coolhand
What a bunch of leftist crap. Taking quotes from Hillary Clinton and Gorbachev as gospel fact. Sheesh, what next, excerpts from The Communist Manifesto to defend poor, little Russia from the assault by the Georgian military? This power play by Russia is about nothing but control of the oil pipelines running through Georgia. How come 'No Blood For Oil' protests by the left?

And as far as the economic situation goes, sure the USA has it's problems, mostly lack of any sane leadership when it comes to government finances. But we have not had a negative gdp quarter yet where the ez just had their first. The UK will not be far behind. The euro cannot stay at 1.60 and expect their export driven growth to continue, nor the gbp at 2.00. A market correction was due and this is just the begining.
"But we have not had a negative gdp quarter yet"

Hmmm, have you not been following the real GDP numbers? Didn't you see that 4Q 2007 GDP was revised last month from +0.6% to -0.2%?

http://seekingalpha.com/article/8873...vised-downward

"As important as any of the second quarter data was, this release also included revisions going back as far as 2005 and revealed the first quarter of negative GDP growth since the 2001 recession at the end of 2007. Fourth quarter real economic growth was revised from an annualized rate of 0.6 percent to -0.2 percent, largely due to a big downward revision to personal consumption. Also, economic growth was revised downward for each of the last three years by approximately 0.2 percentage points each year."

Like I said and I will continue to say this -- the data released from the government is highly fabricated and CANNOT ever be trusted.
Pippin ain't easy, but it sho is fun!
  • #20,977
  • Aug 17, 2008 2:58pm Aug 17, 2008 2:58pm
Quoting kodie2006
Foreign Exchange markets are open 7 days a week, 24 hours a day. You think currency exchanging just shuts down for the weekend? Haha....it's just that your broker is closed.
So - there's really no such thing as a gap in the FX market.

If it's truly open 24/7 then theoretically it can't gap.
  • #20,978
  • Aug 17, 2008 3:00pm Aug 17, 2008 3:00pm
Quoting acumen
So - there's really no such thing as a gap in the FX market.

If it's truly open 24/7 then theoretically it can't gap.
Correct, there is "truly" no gap in foreign exchange markets -- It is just your broker catching up to the current bid ask
Pippin ain't easy, but it sho is fun!
  • #20,979
  • Aug 17, 2008 3:04pm Aug 17, 2008 3:04pm
Quoting kodie2006
"But we have not had a negative gdp quarter yet"

Hmmm, have you not been following the real GDP numbers? Didn't you see that 4Q 2007 GDP was revised last month from +0.6% to -0.2%?

http://seekingalpha.com/article/8873...vised-downward

"As important as any of the second quarter data was, this release also included revisions going back as far as 2005 and revealed the first quarter of negative GDP growth since the 2001 recession at the end of 2007. Fourth quarter real economic growth was revised from an annualized rate of 0.6 percent to -0.2 percent, largely due to a big downward revision to personal consumption. Also, economic growth was revised downward for each of the last three years by approximately 0.2 percentage points each year."

Like I said and I will continue to say this -- the data released from the government is highly fabricated and CANNOT ever be trusted.
What's with all the crying? There is no crying in the markets, go with the flow or be gone. Period. This crying crap is getting out of hand. Are you guys all holding longs from 1.60 or what? It is what is, and always has been...the market is never wrong.
  • #20,980
  • Aug 17, 2008 3:06pm Aug 17, 2008 3:06pm
Quoting bigandrich
What's with all the crying? There is no crying in the markets, go with the flow or be gone. Period. This crying crap is getting out of hand. Are you guys all holding longs from 1.60 or what? It is what is, and always has been...the market is never wrong.
No, I am just posting relevant information to other's who are posting false information.
Pippin ain't easy, but it sho is fun!
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