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  • #223,541
  • Apr 11, 2010 4:42pm Apr 11, 2010 4:42pm
Seize the opportunity, here's another good article on gap trading:

http://nononsensetrader.com/news/gap...e-information/
  • #223,542
  • Apr 11, 2010 4:44pm Apr 11, 2010 4:44pm
Quoting iefke
hey g is this based on a study or just hunch? ,if study , hell i'm with ya
wait and see OK!!
  • #223,543
  • Apr 11, 2010 4:47pm Apr 11, 2010 4:47pm
Quoting Brb-Fraudin
If all people see the gap and all people are selling ,how can everyone makes profit?? Where would the money come from lol???
In short, the same people who ran the price up over the weekend and either ran the stops or retaced positions left by all the trend traders whom are short. They take the steak and are now throwing back the bones.
  • #223,544
  • Apr 11, 2010 4:47pm Apr 11, 2010 4:47pm
Quoting Brb-Fraudin
If all people see the gap and all people are selling ,how can everyone makes profit?? Where would the money come from lol???
Money is already there my friend. Remember, those guys bought the pair, why else would it jump over 100 pips?

If all traders sell, all that will happen is that the pair will go down quickly! It's all logical.
  • #223,545
  • Apr 11, 2010 4:49pm Apr 11, 2010 4:49pm
Quoting jsspmk
Malcolm, could you post futures chart of today's price action, because I still think that there was a hell of a lot of slippage, I doubt it was a gradual rise.

I have only got eu 4hr on spot, futures market does not open fro another 60 min yet

as you can all see NO gap

Attached Image (click to enlarge)
Click to Enlarge Name: eu 4.jpg Size: 182 KB
Blogging daily now at www.volume.zone
  • #223,546
  • Apr 11, 2010 4:50pm Apr 11, 2010 4:50pm
Quoting knuckledrag
Your right. Its hard to get the lines the same on OANDA. The damn weekend data screws it up.

Attachment
Attachment
you canturn the we-data off, you know that?
  • #223,547
  • Apr 11, 2010 4:55pm Apr 11, 2010 4:55pm
Quoting malcolmb14
I have only got eu 4hr on spot, futures market does not open fro another 60 min yet

as you can all see NO gap

Attachment
Only 4h? You can't post minute charts?
Prices oscillate, trends persist. Trend is your friend.
  • #223,548
  • Apr 11, 2010 4:56pm Apr 11, 2010 4:56pm
Adding more shorts.
€.
  • #223,549
  • Apr 11, 2010 4:57pm Apr 11, 2010 4:57pm
Quoting TheLastCoke
Careful with shorts.
I took a partial down at 3615. We'll see if the second half runs or reverses.
  • #223,550
  • Apr 11, 2010 4:58pm Apr 11, 2010 4:58pm
Or maybe ,since all people expecting it to go down ,it will go up?? Because price moves against the majority of expectations?? I hope not..
  • #223,551
  • Apr 11, 2010 4:59pm Apr 11, 2010 4:59pm
Quoting PriceVolume
I took a partial down at 3615. We'll see if the second half runs or reverses.
got mine at BE...
@pawpaw1000 on Twitter
  • #223,552
  • Apr 11, 2010 4:59pm Apr 11, 2010 4:59pm
Quoting Euro
Adding more shorts.
Who isn't
  • #223,553
  • Apr 11, 2010 5:00pm Apr 11, 2010 5:00pm
Quoting TheLastCoke
Careful with shorts.
why???market is open above then its R3 ...


Ub
  • #223,554
  • Apr 11, 2010 5:00pm Apr 11, 2010 5:00pm
Quoting jsspmk
Only 4h? You can't post minute charts?

1 min

Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 177 KB
Blogging daily now at www.volume.zone
  • #223,555
  • Apr 11, 2010 5:02pm Apr 11, 2010 5:02pm
Quoting malcolmb14
1 min

Attachment
Thanks, volume seems to be kicking in only now according to your chart.
Prices oscillate, trends persist. Trend is your friend.
  • #223,556
  • Apr 11, 2010 5:03pm Apr 11, 2010 5:03pm
Quoting Euro
Adding more shorts.
I might be 100% wrong ... buit why are oyu adding more short

last 4 hour swing high was 1.3600. We moved up thru that already and price is hanging out above that levle

As longs as price is above that level we are in the 1.3600 to 1.3700 channel. 1,3700 breaks 1.3800 ...
Blogging daily now at www.volume.zone
  • #223,557
  • Apr 11, 2010 5:04pm Apr 11, 2010 5:04pm
Quoting TheLastCoke
Careful with shorts.
i don't know why, but i don't trust this temptation to short the gap.
the big-players know what people are going to do...
  • #223,558
  • Apr 11, 2010 5:04pm Apr 11, 2010 5:04pm
1.3750 upper bollinger on daily
Prices oscillate, trends persist. Trend is your friend.
  • #223,559
  • Apr 11, 2010 5:04pm Apr 11, 2010 5:04pm
We'll see what the whole of the market has to say about this little Pearl Harbor attack.. I'm short EU and EJ with stops at b/e .. could be a nice little ride down to start the week.
  • #223,560
  • Apr 11, 2010 5:06pm Apr 11, 2010 5:06pm
Quoting investor_me
Good read for anyone interested:

Trading Gaps in the Forex

http://www.articlesbase.com/currency...le-369881.html
Good article thanks. So it's best to have a euro account that starts ticking 1 hour before US account to get the jump on the gap? Hopefully this bloody gap will gap it's butt back to the analysis I painstakingly calculated and illustrated for all.
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