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  • #317,061
  • Nov 1, 2010 6:52am Nov 1, 2010 6:52am
Quoting FibbinArchie
Not saying that this is Cloggie's agenda, but it is a common marketing tactic on Forums...
the contrary,
he has unmask several sellers in the cable thread,

i only can say take note of his valuable posts!
  • #317,062
  • Nov 1, 2010 6:52am Nov 1, 2010 6:52am
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!...
i realized what this ranting was about... there was this news on the spike out of nowhere:

USD/JPY “Spoof” Will take Some Time to Sort Out
Written by Peter Anderson
November 1, 2010 at 01:01 GMT
Dealers say they will spending the rest of the day cleaning up the mess left by the USD/JPY spoof . Traders are calling the official high at 81.50 but it was all done and dusted in less than a minute and there are still plenty of positions to be cleaned up. Notwithstanding the spoof it was apparent to banks holding orders this morning that the buying interest between 79.80 and 80.20 is huge…just something to keep in mind the next time USD/JPY gets back there.

honestly, the internet is a strange place to expose your personality to...
  • #317,063
  • Nov 1, 2010 6:54am Nov 1, 2010 6:54am
Quoting sisse
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
good post. i agree. i have gap on my chart but only because IB for some reason send chart data later than there market opens.
  • #317,064
  • Nov 1, 2010 6:55am Nov 1, 2010 6:55am
Quoting dag777
the contrary,
he has unmask several sellers in the cable thread,

i only can say take note of his valuable posts!
yeah, thanks, you just put verbalized my thought.
  • #317,065
  • Nov 1, 2010 6:55am Nov 1, 2010 6:55am
Quoting tonyo524
3760 is my magic number (target). 3750 is my pending buy, and this baby is heading to 4400 by end of the week!
r u sure?
  • #317,066
  • Nov 1, 2010 6:55am Nov 1, 2010 6:55am
looks like the gap on my chart is almost filled and it is filled..:nerd:
  • #317,067
  • Nov 1, 2010 6:55am Nov 1, 2010 6:55am
Well... I am looking at the same targets if things work out.

sisse



Quoting tonyo524
3760 is my magic number (target). 3750 is my pending buy, and this baby is heading to 4400 by end of the week!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusddailynov01.JPG Size: 54 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #317,068
  • Nov 1, 2010 6:56am Nov 1, 2010 6:56am
Quoting PayTheLimit
if 3955/60 turns to resistance, maybe a move down develops I'm thinking, still I'm doin nothin for a bit...
maybe a run down to 3918/20....
Look Sharp/Trade Tight
  • #317,069
  • Nov 1, 2010 7:00am Nov 1, 2010 7:00am
paythelimit .
could his be a chance to scalp long for short while ?
I SEE YOU !!
  • #317,070
  • Nov 1, 2010 7:01am Nov 1, 2010 7:01am
Quoting sisse
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
I do understand where you are coming from. In fact let me make myself clear. I do know that the market continues. i trade with FXCM, and there charts show NO GAP! However, I do my charting with mt4 which does show a gap. It's all good though.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxcm.JPG Size: 71 KB
Click to Enlarge Name: gap.jpg Size: 191 KB
All that is left in FF is just plain garbage. "Cloggie"
  • #317,071
  • Nov 1, 2010 7:02am Nov 1, 2010 7:02am
Quoting dbfusion
paythelimit .
could his be a chance to scalp long for short while ?
I'm still flat, I'm going to wait another 30mins/1hr before I trade again
Look Sharp/Trade Tight
  • #317,072
  • Edited 7:10am Nov 1, 2010 7:03am | Edited 7:10am
Quoting Martingale
r u sure?
Nothing is certain in this business as we all know, but I'm sure enough to put my money on it!
I meant 3660 for pending buy, but will monitor accordingly. Don't want to have a 90 pip drawdown.
All that is left in FF is just plain garbage. "Cloggie"
  • #317,073
  • Nov 1, 2010 7:03am Nov 1, 2010 7:03am
Quoting rookie001
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...
hey brother......I'm not the unfrendly here, I just took a short with a tite stop and got lucky like you said, I talk back when an unfrendly comes along and acuse me of not knowing what I'm talking about when I don't acuse him of nothing yet at this time (5:00 in the afternoon) he have nothing to teach me about no gap, I know that since he was painting his face as a clown, that there is no gap in forex markets, I didn't care about no gap I just took the trade based on my one minute chart, and I'm not teaching anything here, just scalp, in peace, or at least I was trying to...........where is the price now? is it long like he said or short like I said, and for your info I learn from all here, I have being doing that since 2007, and will continue to learn from all of you here but his way of teaching is not of my liking........
The Chonchy
  • #317,074
  • Nov 1, 2010 7:05am Nov 1, 2010 7:05am
Quoting PayTheLimit
I'm still flat, I'm going to wait another 30mins/1hr before I trade again
good decision , just to get the feeling of moves.
I SEE YOU !!
  • #317,075
  • Nov 1, 2010 7:11am Nov 1, 2010 7:11am
Quoting moonchild
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 didn't care about no gap I just took the trade as any other, I scalp, that is what I do , I scalp..........................................I scalp.........
The Chonchy
  • #317,076
  • Nov 1, 2010 7:14am Nov 1, 2010 7:14am
longing @ 3926 lets see how it will go .
I SEE YOU !!
  • #317,077
  • Nov 1, 2010 7:15am Nov 1, 2010 7:15am
The question is will it break this time?
Attached Image (click to enlarge)
Click to Enlarge Name: eu - usd example.gif Size: 16 KB
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #317,078
  • Nov 1, 2010 7:15am Nov 1, 2010 7:15am
Sorry but the reply was to moonchild. In any case this is the futures chart showing the gap I was talking about.

sisse

Quoting tonyo524
I do understand where you are coming from. In fact let me make myself clear. I do know that the market continues. i trade with FXCM, and there charts show NO GAP! However, I do my charting with mt4 which does show a gap. It's all good though.
Attached Image (click to enlarge)
Click to Enlarge Name: GAP.JPG Size: 82 KB
Pending conversations? PM for a chat...I am mainly in OTM now
  • #317,079
  • Nov 1, 2010 7:16am Nov 1, 2010 7:16am
The EURUSD could face some stiff support at 1.3927 (50% fib of the last 2 weeks H/L), 1.3919 (weekly pivot) and 1.3907 (monthly pivot).
Today's zone = Tomorrow's opportunity!
  • #317,080
  • Nov 1, 2010 7:18am Nov 1, 2010 7:18am
Spikes. on a 4 hour they can be traded profitablly with patience. Such as the Oct 29 spike from the middle Bollinger band down, which will be retraced. But check for your self, throw some BB's on a 4 hour, and look at how many times a spike from the center out gets retraced. Now remember, I said center out and patience!
All that is left in FF is just plain garbage. "Cloggie"
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