160 pips gap!
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #221,383
- Apr 18, 2010 4:40pm Apr 18, 2010 4:40pm
- | Joined Jun 2007 | Status: Still Learning :) | 1,203 Posts
- #221,384
- Apr 18, 2010 4:56pm Apr 18, 2010 4:56pm
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
Yes, and there are a million and one gamblers.....sorry traders who will be going long expecting this gap to close today.
I won't be one of them.
- #221,385
- Apr 18, 2010 4:58pm Apr 18, 2010 4:58pm
thanx alot...
Mush said a few things this week, (well actually, more then a few things, but i'll concentrate on the main ones):
- GY will not break 145.
- GY will fall heavily from there.
- There will be big news on Friday.
- There will be big movement on Friday.
Whoever banned him, hang your head in shame. lol
- #221,386
- Apr 18, 2010 5:06pm Apr 18, 2010 5:06pm
- Joined Dec 2008 | Status: Trader | 2,753 Posts
the gap will be closed i dont understand your thinking - anyway i hope your doing good up there ( you know what i mean )
My reasoning for gap maybe not getting filled? Simple; I can't imagine anyone who would want to potentially catch a falling knife. Normal market movements, I often trade the gap, but the r/r in going long now is not good enough IMO.
Of course it WILL get filled eventually, but we may have to wait a while I think. GCh still has a gap from 5th April.
We'll soon know. Hope all is good your end.
- #221,387
- Apr 18, 2010 5:14pm Apr 18, 2010 5:14pm
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
I'm doing good up here. Going back to meet some mates next week, (and an Alarm gig, lol).
My reasoning for gap maybe not getting filled? Simple; I can't imagine anyone who would want to potentially catch a falling knife. Normal market movements, I often trade the gap, but the r/r in going long now is not good enough IMO.
Of course it WILL get filled eventually, but we may have to wait a while I think. GCh still has a gap from 5th April.
We'll soon know. Hope all is good your end.
- #221,389
- Apr 18, 2010 5:58pm Apr 18, 2010 5:58pm
- Joined Nov 2009 | Status: Trader | 2,232 Posts
Maybe you are right Cod. Nonetheless, when there was news that Greece might default on their loans, the longs didn't get easily spooked. Also, with China tightening their currency, and the Greece crisis still going on, not to mention that Germany is considering leaving the EU and some politician in the U.K. wanting to convert the pound over to the Euro.... it should at least be quit interesting indeed. But I am a newbie to forex, so I still have a lot to learn. I really enjoy reading all the post on this thread. Not only is it entertaining, but very informative. 
Luck has no place in trading. Leave that for the poker table.
- #221,392
- Apr 18, 2010 8:34pm Apr 18, 2010 8:34pm
- Joined Nov 2009 | Status: Trader | 2,232 Posts
If you are correct... All those with short positions will be jumping for joy.
Luck has no place in trading. Leave that for the poker table.
- #221,398
- Apr 19, 2010 12:20am Apr 19, 2010 12:20am
- Joined Jul 2008 | Status: Invincible | 3,619 Posts
