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  • #317,041
  • Nov 1, 2010 6:25am Nov 1, 2010 6:25am
Quoting PayTheLimit
I'm out at 3662, -3, I'm done I've seen enough....

wait , just be patient it will come to you .
I know you wanna long it but now is not the time

it has very bearish scenario .

just wait and the chance to scalp long will come . , other wise you should have holded on the short from 1.4 .
we all were screaming short it there
I SEE YOU !!
  • #317,042
  • Nov 1, 2010 6:27am Nov 1, 2010 6:27am
a little step for the EURUSD a big step fro the traders community.. each pip is a fight here
  • #317,043
  • Nov 1, 2010 6:29am Nov 1, 2010 6:29am
.........long at 3946.......
The Chonchy
  • #317,044
  • Nov 1, 2010 6:29am Nov 1, 2010 6:29am
my 15min turned negative, the 1hr is getting there, I'm on the sideliness for a while...
Look Sharp/Trade Tight
  • #317,045
  • Nov 1, 2010 6:33am Nov 1, 2010 6:33am
H1 says "sell", H4 says "Oh well!"...
  • #317,046
  • Nov 1, 2010 6:33am Nov 1, 2010 6:33am
Quoting ebush
when it comes 1.3950 and if doesnt continue to bear,it can retest the 1.3990 level..

waiting order 1.3950
SL 1.3935 and TP 1.3990

it has done this today twice

yeap lets
  • #317,047
  • Nov 1, 2010 6:35am Nov 1, 2010 6:35am
if 3955/60 turns to resistance, maybe a move down develops I'm thinking, still I'm doin nothin for a bit...
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 16 KB
Look Sharp/Trade Tight
  • #317,048
  • Nov 1, 2010 6:35am Nov 1, 2010 6:35am
I have my daily pivot at 3962, PA is lingering around 3953 let see if that can hold a support for an uptrend otherwise the bears will be in control all day long i believe
  • #317,049
  • Nov 1, 2010 6:37am Nov 1, 2010 6:37am
That gap is annoying. If you have access to futures the pic is better I thing... the gap up there is/was a lot smaller and it was fast filled on the Tokio session and right now its getting tested and filled to tick again. With half of the eurozone on holidays and just London leading its clear that if that future gap doesn't hold this time it need a good retrace to 1.391x area to retest the forex gap... we'll see

sisse

Quoting FibbinArchie
http://www.youtube.com/watch?v=7ojomTUt0X4
Pending conversations? PM for a chat...I am mainly in OTM now
  • #317,050
  • Nov 1, 2010 6:38am Nov 1, 2010 6:38am
Every trend line I draw including the 4H is falling. Just cannot see a high probability entry for a long. Right now, all longs seem high risk.

I am wondering whether it will take until tomorrow to find another low risk long entry.
  • #317,051
  • Nov 1, 2010 6:42am Nov 1, 2010 6:42am
Now we will see bull last attempt to save up trend.
Failure will back to 3900 fight zone
You cannot learn better without losing
  • #317,052
  • Nov 1, 2010 6:48am Nov 1, 2010 6:48am
Quoting cloggie
Of course not, Conchy the knife is convinced that the BOJ and the FED use MT4 with a retail account to trade fibre.

You are right man about that gap thing. There is virtually no gap in forex market or price action ... but as they say, "trade what you see" when retail traders see a gap ... they try to trade it.

Scalping is also considered "a no form of trading" ... even some go that far by refuting "Intraday" ... but people do these things. There is no such thing as auto-trailing stop but the option is there in MT4.

Academically you are right ... but Chonchy can't be considered wrong under given circumstances above.

I think this gap debate has prolonged too much as causing environmental hazard to the sanctity of this place. So please drop the subject and those who come up later and try to stir the pot by picking the topic again ... don't respond to them.

Chonchy you can only consider yourself lucky or thank some unforeseen factor that caused that enormous spike down and then up again ... as I have derived from your previous posts that you are not claiming a strategy. We newbies and less experienced ones are here to learn from our seniors and elders ... not to talk back when they try to correct us. That is the way to go ... brother.

Please maintain respect and friendliness here.

Cloggie ... sir ... I apologize if I sounded anything else than pacifying.

Peace.

P.S. Today is a boring trading day ... but this is no way to consume your energy ... LOL !
  • #317,053
  • Nov 1, 2010 6:48am Nov 1, 2010 6:48am
Just calm down guys, remember trading forex profitable is hard enough, but it becomes harder when you´re devoting to much time to minor issues.

With gap or without it it´s only monday and we have a epic week ahead.... Stay focused!
  • #317,054
  • Nov 1, 2010 6:48am Nov 1, 2010 6:48am
Quoting tonyo524
Some of us have gaps on our charts during the weekends. A lot of us like to implement that a strat for scalping, by initiating trades towards a closure of the gap. Cloggie refuses to accept that. It's either his way or noway, which is fine, but everyone is entitled to his or her opinions. Since Cloggie doesn't have a gap on his screen he decided that no one else should worry about that. In short, we have this massive spike out of nowhere, contrare to what Cloggie was speakin on, and gap was closed. Plain and simple. I'm done on that subject now!...
The Chonchy
  • #317,055
  • Nov 1, 2010 6:49am Nov 1, 2010 6:49am
Quoting FibbinArchie
http://www.youtube.com/watch?v=7ojomTUt0X4
  • #317,056
  • Nov 1, 2010 6:49am Nov 1, 2010 6:49am
Quoting chonchy
so there is a forex "Gap" and this 20 year profesional trader tell me not............
If you watch the trading going on over the weekend, which I sometimes do on FxStreet, there is no gap. There is seamless trading.

However, the retail platforms are not privy to this trading and therefore there is a seeming "gap" which is no more than an artifact caused by the inability to see the weekend trading.

I have for years noticed that this artifact does indeed get covered, usually within 1 or 2 days and is one of the lower risk trades. As to why this "gap" which is no more than an artifact, and therefore not real, usually gets closed I have no idea. That does not mean that I am foolish enough to not trade it because I do not understand it. Most often it results in a very reliable profit.

As to the name calling on the thread. There is really no need for it. We do not need to agree and we do not need to insult those we disagree with. A polite "I think you are wrong because...." or "I do not agree with you because..." is really sufficient.
  • #317,057
  • Nov 1, 2010 6:49am Nov 1, 2010 6:49am
Quoting chonchy
nonsense.......... this guy have a hidden agenda me think and he is traying to sell signals to the newbys here me think..........otherwise it dosen't make anysense to be calling people here names since yesterday........he should get a job or some if forex dosen't alow him to pay his bills.........but grabing it with me for no reason.........
Did you close for +20?
  • #317,058
  • Nov 1, 2010 6:49am Nov 1, 2010 6:49am
the more I follow this forum, the more I promise myself not to.
below 1.394 short like there is no tomorrow.
  • #317,059
  • Edited 6:53am Nov 1, 2010 6:50am | Edited 6:53am
Look just open a futures charts. There is not mumbojumbo there. A future contract traded in a centralized market (CME) that is clear, transparent and accountable. There is no my broker show this or that. There is only one valid set of data. If you have a doubt in a gap my recommendation is check futures .... Just my 2 cents.

sisse


Quoting tonyo524
Some of us have gaps on our charts during the weekends. A lot of us like to implement that a strat for scalping, by initiating trades towards a closure of the gap. Cloggie refuses to accept that. It's either his way or noway, which is fine, but everyone is entitled to his or her opinions. Since Cloggie doesn't have a gap on his screen he decided that no one else should worry about that. In short, we have this massive spike out of nowhere, contrare to what Cloggie was speakin on, and gap was closed. Plain and simple. I'm done on that subject now!...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #317,060
  • Nov 1, 2010 6:50am Nov 1, 2010 6:50am
3760 is my magic number (target). 3750 is my pending buy, and this baby is heading to 4400 by end of the week!
All that is left in FF is just plain garbage. "Cloggie"
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