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  • #72,621
  • Mar 8, 2009 3:12am Mar 8, 2009 3:12am
Quoting KillerWhale
I don't really believe in gaps (I use Oanda and there is almost never a gap) but I posted something a few days ago that a trade in the weekend for a gap is not very risky.

If the gap is against you, just wait till it comes back, 99% of the time it comes back and you can close with a gain.
If the gap is with you, just collect your profit.

The only thing I would say to you is that your stop might be way too close.
Be a hero and put your stop @ 1.2760 and adjust your target downwards so you have a good profit/loss ratio? I don't know for how much...
Just been analizing the charts from Daily down. Your advice concurrs with what I read into the situation. Had it not been a Friday, I would have shorted at 1.2643.

Good Trading.
Good Trading. (keep it simple).
  • #72,622
  • Mar 8, 2009 3:18am Mar 8, 2009 3:18am
Quoting dysan4x
I'm in the Philippines. I retired here last year. Originally from the midwest. I set alerts for 1hr before London and NY opens so that I am flat or at least well protected.
How can I send you a private message? i would like to know more about life in the Philippines. I'm not retired yet, but who knows when forex is good for me?
Seems to be a good place when you have some US dollars.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,623
  • Mar 8, 2009 3:23am Mar 8, 2009 3:23am
Quoting KillerWhale
How can I send you a private message? i would like to know more about life in the Philippines. I'm not retired yet, but who knows when forex is good for me?
Seems to be a good place when you have some us dollars.

Shamu
Just click on my username and select "send private message".
  • #72,624
  • Mar 8, 2009 3:33am Mar 8, 2009 3:33am
Quoting KillerWhale
How can I send you a private message? i would like to know more about life in the Philippines. I'm not retired yet, but who knows when forex is good for me?
Seems to be a good place when you have some US dollars.

Shamu
hi shamu. if you're earning at least US$1500/month, that's more than enough to live here and enjoy life.

regarding gaps. what happens if your SL falls inside the gap? will the broker close the position with the SL price you've assigned or Monday's opening price? i dont really leave open positions on weekends (except when trading with the daily charts). just wanna know. TIA.
  • #72,625
  • Mar 8, 2009 3:34am Mar 8, 2009 3:34am
Quoting dysan4x
Just click on my username and select "send private message".
Thanks, I'll do that tomorrow, its after midnight here and I really need some sleep. I guess it is 4 or 5 pm Sunday at your place?

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #72,626
  • Mar 8, 2009 3:36am Mar 8, 2009 3:36am
Quoting ribbit
hi shamu. if you're earning at least US$1500/month, that's more than enough to live here and enjoy life.
Ribbit....what city are you in?
  • #72,627
  • Edited 4:42am Mar 8, 2009 3:46am | Edited 4:42am
Quoting ribbit
hi shamu. if you're earning at least US$1500/month, that's more than enough to live here and enjoy life.

regarding gaps. what happens if your SL falls inside the gap? will the broker close the position with the SL price you've assigned or Monday's opening price? i dont really leave open positions on weekends (except when trading with the daily charts). just wanna know. TIA.
So you're from Phil too? Nice.

About trading Gaps: the secret is money management. You have to trade a gap without a stop/loss because you don't know where it is going.
The only thing you know is that if you get a profit, take it.
If you get a loss, just hang on to it until you are in profit. That happens 99% of the time. In some weeks you might have to be patient for a few days but believe me, that's where money management comes in, it always comes back and you can get your profit within the next 5 days.

Just calculate how much you are willing to risk.
Try it on a demo for a few weeks
And you will definitely see that you come out a winner.
Try 5% account risk in your demo for some weeks until you feel comfortable. (5% is too much for your real money account but it is just to show you that it works.)

Shamu
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  • #72,628
  • Mar 8, 2009 5:43am Mar 8, 2009 5:43am
Does anyone have access to real time quotes right now. If so whats the score???
  • #72,629
  • Mar 8, 2009 5:55am Mar 8, 2009 5:55am
Quoting _tlk_
Does anyone have access to real time quotes right now. If so whats the score???
1.26520- 1.26366
  • #72,630
  • Mar 8, 2009 6:11am Mar 8, 2009 6:11am
Quoting Terminale
1.26520- 1.26366
Thanks,

Hope it holds until the open. Cashing in!!!
  • #72,631
  • Mar 8, 2009 6:26am Mar 8, 2009 6:26am
Quoting _tlk_
Thanks,

Hope it holds until the open. Cashing in!!!
For what i saw the weekend. we will mostly have no gap. I will post before the market opening the results.
  • #72,632
  • Mar 8, 2009 8:40am Mar 8, 2009 8:40am
Quoting Terminale
For what i saw the weekend. we will mostly have no gap. I will post before the market opening the results.
50/50
{Promotion Removed}
  • #72,633
  • Mar 8, 2009 9:11am Mar 8, 2009 9:11am
Quoting _tlk_
Does anyone have access to real time quotes right now. If so whats the score???
http://www.xe.com/
  • #72,634
  • Mar 8, 2009 10:11am Mar 8, 2009 10:11am
Quoting Spsantos
When Euro was electronicly(as an accounting currency) established and according to the Mundell-Fleming Model in Jan 1st 1999, with the outrageous assumption that a central bank role was limited since increasing the money supply would result in a depreciation of a currency {thing that only one currency in the world is immune(so far)}, it dropped until it was finally introduced as paper money in 2002, since then it has *never* been below the value it opened in Jan 1st...

You are the one with the wild imagination because I am the furthest one away from believing in the crazy conspiracy theories spewed/regurgicated out on the net. Point me to a previous post that shows such.

BTW the quote in my previous message was from some Dutch or other European bank. Don't really remember but if you like I can look later and get back to you.

But we must have differing opinions of which is more important: 2002 when euro money started, 1999 when the trading of the single euro currency began.
  • #72,635
  • Mar 8, 2009 10:43am Mar 8, 2009 10:43am
Here is my view of Mondays trading.

enjoy
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd - monday 03-09.jpg Size: 309 KB
Wish you a lot of great moments with those you love.
  • #72,636
  • Mar 8, 2009 10:58am Mar 8, 2009 10:58am
Quoting Kess.
Here is my view of Mondays trading.

enjoy
I am thinking retest of .27 during Monday and a new low midweek. However, the Lloyds TSB nationalization and possible result of GBP decline all across the board may shuffle the cards a bit. I do not expect any trend shift until US bank stocks find a solid bottom.
  • #72,637
  • Mar 8, 2009 11:07am Mar 8, 2009 11:07am
Can you explain it
Iam new on the market
thanks
  • #72,638
  • Mar 8, 2009 11:57am Mar 8, 2009 11:57am
Quoting nvcK
I am thinking retest of .27 during Monday and a....... until US bank stocks find a solid bottom.
I know what you are saying but it looks like the bottom ( $0.01/share ) is close for Bank of America and Citi. Many UK/US majors have been/will be partially or majority nationalized that I am not looking for a big move from the markets once it all settles out. Years from now, maybe.

But going forward the key in believe for EU is what is done with the East European debt?
  • #72,639
  • Mar 8, 2009 12:06pm Mar 8, 2009 12:06pm
Quoting SunTrader
But going forward the key in believe for EU is what is done with the East European debt?
If we compare this debt with usa debt, so it is only 1 cent
Wish you a lot of great moments with those you love.
  • #72,640
  • Mar 8, 2009 12:26pm Mar 8, 2009 12:26pm
Hey I lost an hour somewhere last night.
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