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  • #94,381
  • May 10, 2009 4:38am May 10, 2009 4:38am
Quoting TIckerShuffl
Wel I am putting a limit order in now to cover shorts at 1.3407, it would be a miracle if it got filled.
I have little doubt that level will get filled, you could even put it 200 points lower, the question is when and how much pain are you willing to bear? I will know this week the likely when.
  • #94,382
  • May 10, 2009 5:09am May 10, 2009 5:09am
Does anyone here know a MT4 broker that has decent history for the Indices charts DOW etc.
Using ODL and click on a 4h chart or daily and you get about a months worth of history. not any good.
rat
  • #94,383
  • May 10, 2009 5:26am May 10, 2009 5:26am
Quoting Atlast
I have little doubt that level will get filled, you could even put it 200 points lower, the question is when and how much pain are you willing to bear? I will know this week the likely when.
As Sting says, I am the "King of Pain."

lolol

You are bearish huh? I'll just lock the 220 pips for now, and reevaluate...if I am lucky. I doubt highly it will gap down...but the bearish divergences on most charts from last week...perhaps short were loading up across the board.
  • #94,384
  • May 10, 2009 5:30am May 10, 2009 5:30am
Quoting TIckerShuffl
As Sting says, I am the "King of Pain."

lolol

You are bearish huh? I'll just lock the 220 pips for now, and reevaluate...if I am lucky. I doubt highly it will gap down...but the bearish divergences on most charts from last week...perhaps short were loading up across the board.
I agree re: divergences.I dont think we will see 3400 levels but i think we will see 3530 levels this week before a move up again.I think 3500-3530 is a pretty decent consolidation level.
  • #94,385
  • May 10, 2009 6:27am May 10, 2009 6:27am
try alpari....

Quoting rattyo
Does anyone here know a MT4 broker that has decent history for the Indices charts DOW etc.
Using ODL and click on a 4h chart or daily and you get about a months worth of history. not any good.
Its all in the mind.
  • #94,386
  • May 10, 2009 6:31am May 10, 2009 6:31am
who is this borker? where are you getting all this informacion from? I am not sure this is the correct case, market will open today at 3638 or more (up 10-12 pips from Friday close (call it the "GAP" if you will)


Quoting moh.ezzat
the GAP is confirmed 80% on 1H chart
Its all in the mind.
  • #94,387
  • May 10, 2009 6:43am May 10, 2009 6:43am
Quoting 5abi
who is this borker? where are you getting all this informacion from? I am not sure this is the correct case, market will open today at 3638 or more (up 10-12 pips from Friday close (call it the "GAP" if you will)

www.xe.com and confirmed on http://www.forexrealm.com/forex-charts/ (and maybe all of this is wrong)
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,388
  • May 10, 2009 6:47am May 10, 2009 6:47am
Quoting moh.ezzat
www.xe.com and confirmed on http://www.forexrealm.com/forex-charts/ (and maybe all of this is wrong)
fxstreet says the same too...however i believe its completely rubbish.Just a technical glitch.The markets will open at 3638
  • #94,389
  • May 10, 2009 6:48am May 10, 2009 6:48am
i wont really care about it, xe dot com had it down by 500 pips a few weekends ago, turned out to be nothing.

you need major upsets over the weekend for this to be true which aint the case.

also just as a fyi, xe and western union also transfer money on retail, so they will always have a worse rate than what is actually the "true" rate.

Quoting moh.ezzat
www.xe.com and confirmed on http://www.forexrealm.com/forex-charts/ (and maybe all of this is wrong)
Its all in the mind.
  • #94,390
  • May 10, 2009 6:55am May 10, 2009 6:55am
I am also very doubtful about a gap tomorrow..but I am wondering why so many sources quotes an open around 1,34 for EURUSD...

http://www.fxstreet.com/rates-charts/forex-rates/

http://forex.tradingcharts.com/quotes/

http://quotes.ino.com/exchanges/?e=FOREX
  • #94,391
  • May 10, 2009 7:10am May 10, 2009 7:10am
I`m not sure about the wide gap that other sources have said... But i`m sure that we`ll see a gap down of atleast 25-50 pips if not 100s of pips... People will rush to take profits when the markets open and cause the gap down...

Also note that USD/JPY seems to be closer to 97.00 stops... so a fair drop can be anticipated in Eur/Jpy.
  • #94,392
  • May 10, 2009 7:12am May 10, 2009 7:12am
as you say a gap of 25-50 points is indeed believable....
  • #94,393
  • May 10, 2009 7:16am May 10, 2009 7:16am
here is the thing guys, if I had to take the profit then why will not I have taken it on Friday NY close??

Anyone who was long on it over the weekend obviously is looking at 4000 levels. The only cause that I see for it to gap lower is the Swine flu getting to Costa Rica news.



Quoting zapper
I`m not sure about the wide gap that other sources have said... But i`m sure that we`ll see a gap down of atleast 25-50 pips if not 100s of pips... People will rush to take profits when the markets open and cause the gap down...

Also note that USD/JPY seems to be closer to 97.00 stops... so a fair drop can be anticipated in Eur/Jpy.
Its all in the mind.
  • #94,394
  • May 10, 2009 7:20am May 10, 2009 7:20am
Desinformation is the money ...

The forex skams are you....
http://www.tenfore.com/markets.asp?symbol=GBPUSDCOMP.fx
  • #94,395
  • May 10, 2009 7:27am May 10, 2009 7:27am
Quoting 5abi
here is the thing guys, if I had to take the profit then why will not I have taken it on Friday NY close??

Anyone who was long on it over the weekend obviously is looking at 4000 levels. The only cause that I see for it to gap lower is the Swine flu getting to Costa Rica news.
That is a good reasoning. approx. 6hrs for market open. Fingers crossed. If it`s gonna be a war between bulls and bears, it`s going to be indecision...
  • #94,396
  • May 10, 2009 7:32am May 10, 2009 7:32am
Quoting 5abi
i wont really care about it, xe dot com had it down by 500 pips a few weekends ago, turned out to be nothing.

you need major upsets over the weekend for this to be true which aint the case.

also just as a fyi, xe and western union also transfer money on retail, so they will always have a worse rate than what is actually the "true" rate.
1.36..1.34 its only numbers
Successful people will do what unsuccessful people won’t or can’t do!
  • #94,397
  • May 10, 2009 7:33am May 10, 2009 7:33am
I guarantee we will have at least 100 pips gap up, that is why I bought on friday close, I've seen this scenario 100 times.
  • #94,398
  • May 10, 2009 7:54am May 10, 2009 7:54am
tenfore.com also shows the gap down to 1.340xx. Seriously...what the f#%k is going on?
Si vis pacem, para bellum.
  • #94,399
  • May 10, 2009 7:56am May 10, 2009 7:56am
lol
why so many discussion of gaps always on sundays?
seriously... trading forex is not about trading gaps....
  • #94,400
  • May 10, 2009 7:57am May 10, 2009 7:57am
Quoting Duce
tenfore.com also shows the gap down to 1.340xx. Seriously...what the f#%k is going on?
Sundays quotes are very often different from the actual open, though this time after the fast Friday afternoon spike up, a pullback would not be so strange
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