EURUSD

GAP? what GAP? Do we all agree that we have a 500 pip down gap? Then I can safely go for a 10 full lot short I guess?
Please let me know. I'd like to collect $50K in the next 24 hours.

M30...big down trend.....



and possible retracement....

current price.

1.2544

What's your source?

mine shows the same....
http://www.forex-markets.com/quotes.htm

Not going to complain if that's how it turns up as I stand to gain...a lot.

But it seems like a HUGE difference to the 3040 Oanda closed at.

Im scouring the news outlets and cant find anything to justify this.. Did i miss something??

Trichet was streaking around the Federal Reserve building

Real-time forex have been very very wrong before with their over the weekend quotes and now it seems they've recently changed their data provider (used to be Tenfore but now they are using different providers for different pairs). I'm not saying it's not at 1.2544 but I'd be very very surprised if it is.

[quote=99vt66;2663381]Hi All,

Back after awhile and doing my bit to post my take on the price dynamics of EU. Last week PA is entering into a probable trend reversal altho its fell short of a few pips for a decisive t/r signal which will remain valid as long as 13330 level is capped. Prevailing PA is suggesting a technical pb to 13210/13250 level before heading south again. Lets see if I am correct...


Well, next week will be real exciting becos PA have decisively breached the trend reversal level@13035 on my dynamic technical chart. This initial phase of trend change normally will be coupled with some wild violatility as the bulls will desperately try to hold on to their advantage with the royal bull guards still holing up on hills13180-13225 which the bears will have to take out before claiming supremacy all the way down to 12550/00 levels. However, this process can be put on hold if level 13280 is breached and will be reversed if level 13398 is breached too. ( Very low probability )

The likely scenario on Monday is a technical pb to 13070/90 level be4 continuing its decline to form a temporary bottom @12920/00 level then go into a full retrace at 13180/13225 levels and then a big drop from thereon OR
heading directly for a full retrace . Whatever it is, I will be watching out for the basing/bottoming signals first be4 commiting myself to a m/t trade decision. Lets see what the price dynamics on my chart tells me going into next week.

This is my take for next week and hope that I am proven wrong.....

GL and trade well....

Its harder to lie than tell the truths BUT its hardest to believe the truth than believing in lies sometimes even to ourselves....often it depends on what we want to believe without giving any consideration to the truths or lies.

I don't think so... and if EU had actually dropped 500 pips, you can bet there are several other currencies that would be reflecting that as well. Price below was posted a'rd an hour ago, and the other prices are within a few pips of my Friday MT4 close.

Whatever turns you on tho...

Price chart below from http://www.fxstreet.com/rates-charts/currency-rates/

As stated ealier, their source is Interactive Data who provides the pricing for eSignal and such. eSignal is the platform a lot of the VSA guys are using. My understanding is that they represent the feeds from a'rd 300 different liquidity sources, and therefor offer one of the best representations of volume for retail Forex, such as it is. Without getting into that Can of Worms, I think I've stated that accurately if my memory hasn't warped something, so corrections welcomed.

My point is that I would take the price they're currently quoting as more valid than the one from forexmarkets.com that shows the 25xx figure. When i looked at the source for that one it showed "MRIT" as the source.

According to http://www.forexprofitpro.com/data.html , that is Merita Bank in Helsinki Finland, one of several 24 hr data sources.

In other words, the "forex -markets. com" price that keeps getting quoted here ((blue one below)) is CLEARLY FROM ONE BANK, the same as all the other different sources in that list.

Again, I could care less about the price until the actual Open, but this ongoing Confusion over weekend prices and gaps in the weekend retail market gets Old, and the apparent inability of traders to Sift and Sort the relevancy of the sources they post is a little disheartening.

But hey... Kumbaya and keep those prices comin by all means.

currently 1.3024 LFB forex trading

but I dont care till it opens

Yea, that was too bad about Trichet having that heart-attack during his speech this weekend and the Euro dropping to 1.18. I couldn't believe it when I saw him keel over like that. Not to mention how he said they were about to pump 2 trillion euros into the system right before he died.

I've enjoyed the challenge of your posts and want to take the time to say so here. It's always a pleasure to have to engage Brain to figure out what someone said... and then decide what I think about it. So please accept a Nod from the back of the Class...

I'm profoundly interested in this weeks Open as I see the same Technicals or close enough as don't matter, yet I'm recently engaged in exhuming and dissecting the transitions from one Ranging period to another. This is a new project, so not much to say yet beyond the obvious. You can peruse my mutterings here if interested. My Tingling Hair on Neck indicator says this may be one of those "TZ's" in the making but we got interrupted by the Weekly Close... or did we?

EU has had some real psychotic episodes lately in reaction to everything from Verbalvention ((FOMC notes and Geitner Gaffes)) to actual CB interventions ((the SNB move a few weeks ago)) While those moves usually retrace after the Effect wears off even if it takes awhile, there have been some other moves that were explosive and relentless.

Question is are we in the midst of one right now or no. Had the most recent move taken place earlier in the week, it would have been much easier to evaluate. So will the weekend break the momentum? I dunno. Was it a "setup" to pull in dumb money at the last minute before it turns and flattens everybody on the way back up? I dunno.

Planned ahead of time or not, there have been some identifiable and "isolateable" PA moves that had the effect of moving price from one zone to another and leaving it there for a prolonged period of time. The 8hr chart currently is my choice for seeing these things the clearest, and dissection is on the lower TF's.

A Work in progress that may come to naught, cuz sometimes it just Is what it Is... but it is Fun.

Does anyone get into fantasy baseball, football, etc.

Yeah, me neither. I try to keep it real.

Well sometimes there room for a little Meg Ryan or Elisha Cuthbert in remsleep time.

Weekend quotes fall into fantasyland as well. Makes some panic and others count all those pips that come Sunday just won't be there.

Pleasant dreams and sleep tight.

Nigella Lawson
Jill Hennessy
Tori Amos
Coco Lee
etc...

I wonder how many people are searching up and down on all the news sites for this.

A Work in progress that may come to naught, cuz sometimes it just Is what it Is... but it is Fun.[/quote]

Very true, unfortunately my chart only tell me 'where' and not 'why'....mabbe I can or should learn the why from you (or should I ?)

Thx anyway and happy pippings just try to have more fun and dont think too much....

I'm waiting for the right time to post my thoughts on this...

I must say though, this has been a very amusing weekend.

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