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AUD/USD

  • #12,941
  • Jan 10, 2010 10:08pm Jan 10, 2010 10:08pm
Quoting sinner-
I know what you mean, but please confirm this trendline, mine is different, a retest would put us way up at 0.9765:
Well, I confirm what you see, but .9320 is pretty solid resistance of the last few months.
  • #12,942
  • Jan 10, 2010 10:16pm Jan 10, 2010 10:16pm
Quoting Clouds
Well, I confirm what you see, but .9320 is pretty solid resistance of the last few months.
I want to agree I really do. I see all the pairs and futures I look at all just about ready to roll over and die. Seems like they are waiting for each other. But at the same time the contrarian in me is saying we won't see a decent down move until every bear throws in their towels in disgust.
  • #12,943
  • Jan 10, 2010 10:21pm Jan 10, 2010 10:21pm
Quoting TexasforEX
There are gaps to be filled still. Any retracement should fill these and would be a great chance to get some longs before the market reverses higher. NFP has set the tone for the next 2-3 days at least.
What kind of gaps? On aud and euro I have no gaps, Aud opened at 9246 in Sydney, 1 pip above its close. Euro closed its gap 6 hours ago
  • #12,944
  • Jan 10, 2010 10:26pm Jan 10, 2010 10:26pm
So far today I have scalped almost every M1 ultra low vol bar short to a higher TF MML octave. Bring on more days like this with the nice clean order flow. Who needs a trend?

EDIT: amyc, there are no gaps on the futs or spot, just bad broker feeds. If you have a gap, you are probably using an MT4 broker.
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  • #12,945
  • Jan 10, 2010 10:27pm Jan 10, 2010 10:27pm
Quoting amyc
What kind of gaps? On aud and euro I have no gaps, Aud opened at 9246 in Sydney, 1 pip above its close. Euro closed its gap 6 hours ago

IBFX has a Aussie close on Friday at 9235 and it opened at 9277. Cable and kiwi have gaps too. Euro doesn't have a gap. Platforms vary as they open trading at different times. IBFX opens at 5PM CST.

Hope this helps.

9245 vs 9235 is a significant difference. Who's your broker?
"Timing Is Everything. Really I Swear It Is"
  • #12,946
  • Jan 10, 2010 10:29pm Jan 10, 2010 10:29pm
Quoting TexasforEX
IBFX has a Aussie close on Friday at 9235 and it opened at 9277. Cable and kiwi have gaps too. Euro doesn't have a gap. Platforms vary as they open trading at different times. IBFX opens at 5PM CST.

Hope this helps.
Just because there is a gap in your chart, doesn't mean there is actually a gap.
  • #12,947
  • Jan 10, 2010 10:30pm Jan 10, 2010 10:30pm
My platform closed at 9245 and opened at 8am Sydney which is 7.5 hours ago at 9246, so I guess gaps are a very subjective thing. I have no gap on cable either, don't trade the kiwi.

Interactive brokers

My platform closes at 5pm ny time on Friday
  • #12,948
  • Jan 10, 2010 10:31pm Jan 10, 2010 10:31pm
Quoting sinner-
Just because there is a gap in your chart, doesn't mean there is actually a gap.

That's what I just said. How's about you get off my @ss bud.
"Timing Is Everything. Really I Swear It Is"
  • #12,949
  • Jan 10, 2010 10:32pm Jan 10, 2010 10:32pm
Quoting amyc
My platform closed at 9245 and opened at 8am Sydney which is 7.5 hours ago at 9246, so I guess gaps are a very subjective thing. I have no gap on cable either, don't trade the kiwi.

Interactive brokers
looks like u get trade 1 hour earlier than me, mine was open 6.5 hours ago
  • #12,950
  • Jan 10, 2010 10:34pm Jan 10, 2010 10:34pm
Quoting TexasforEX
That's what I just said. How's about you get off my @ss bud.
Didn't realise I was on your ass. You were the one who claimed there was a gap which needed filling, I was just trying to understand why you'd go long based on PA returning to where your broker decided to stop showing data.
  • #12,951
  • Jan 10, 2010 10:39pm Jan 10, 2010 10:39pm
Quoting sinner-
Didn't realise I was on your ass. You were the one who claimed there was a gap which needed filling, I was just trying to understand why you'd go long based on PA returning to where your broker decided to stop showing data.

Ahh, going long based on gaps lower..Didn't say that. I said any retracements would be a good place to enter a long. Big difference.

My long bias is based on NFP price action and some other techs. I really hope you understand now...
"Timing Is Everything. Really I Swear It Is"
  • #12,952
  • Jan 10, 2010 10:40pm Jan 10, 2010 10:40pm
Shake that money tree for Dady
  • #12,953
  • Jan 10, 2010 10:44pm Jan 10, 2010 10:44pm
Quoting Daytrader74
Shake that money tree for Dady
http://easymoney4free.net/images/money_tree.jpg
  • #12,954
  • Jan 10, 2010 10:45pm Jan 10, 2010 10:45pm
Quoting Clouds
http://easymoney4free.net/images/money_tree.jpg
Oh yeah shake it shake I love it
  • #12,955
  • Jan 10, 2010 10:50pm Jan 10, 2010 10:50pm
FXCM back up and running now .....been off for 4/5 hours bloody frustrating
  • #12,956
  • Jan 10, 2010 11:05pm Jan 10, 2010 11:05pm
For those who bother to read:

There is no such thing as gap in forex market. What people call gap on Monday morning is the timing difference between retail FX market and Interbank FX market.

Retail FX market usually opens at 9.15 am Monday morning Sydney time and Interbank FX market opens at 8 am Monday morning Sydney time.

The price feed your broker gives you when the retail fx market opens on Monday often varies from Friday evening 5 pm AEST (NY close) close. This is due to the fxmarket movement at Bank level in that "power hour".

Hope that explains.

AUD opened at .9246 and at 9.00 am sydneytime it was trading at .9276.
  • #12,957
  • Jan 10, 2010 11:12pm Jan 10, 2010 11:12pm
Does anyone know what's the probability of a gap being filled? I think is more than 50%, so RRR wise a sell here is a good Odds , risking 1 (25 pips) to get 2 (50pips) , I just sold here , will hedge above .9325 TP at .9250
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  • #12,958
  • Jan 10, 2010 11:14pm Jan 10, 2010 11:14pm
Quoting puks
For those who bother to read:

There is no such thing as gap in forex market. What people call gap on Monday morning is the timing difference between retail FX market and Interbank FX market.

Retail FX market usually opens at 9.15 am Monday morning Sydney time and Interbank FX market opens at 8 am Monday morning Sydney time.

The price feed your broker gives you when the retail fx market opens on Monday often varies from Friday evening 5 pm AEST (NY close) close. This is due to the fxmarket movement at Bank level in that "power hour".

Hope...
Hi Puks, good info , thanks
  • #12,959
  • Jan 10, 2010 11:34pm Jan 10, 2010 11:34pm
Time for Gold to get back on its foot and start running again!!!
Anyone getting married or thinking about proposing to your partner, time to run down the shop and buy yourself a big piece of gold before it skyrocket to a new high soon!
  • #12,960
  • Jan 10, 2010 11:35pm Jan 10, 2010 11:35pm
Quoting shahab8b
Hi Puks, good info , thanks
Thanks mate.

What's your take on AUD atm? I am short with TP of .9220

Short from .9235, added one at .9285 and will hedge/SL at .9330

I think EU/NY boys who missed this long train might bring it down so that they can get a better entry for themselves.
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