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  • #329,641
  • Nov 21, 2010 4:56pm Nov 21, 2010 4:56pm
Quoting skozyuk
Who said I entered, I wait for a bit to have everyone else fill their orders before jumping in on this one. ;-)
You stated "Nice little gap, I'm in for short scalp on gap closing."

That is present tense and means you are in the trade. If you had said "I will be going in for a short scalp" that would have been a different story... lol

Still, whatever you say bro!
  • #329,642
  • Nov 21, 2010 4:56pm Nov 21, 2010 4:56pm
Quoting Duce
Gap, shmap. How is a multi-billion Euro bailout for Ireland good for longing the EU? When the US prints money, the dollar gets the sh*t kicked out of it. Now the IMF is restarting the printing presses and everyone is popping champagne bottles.
Already made 20 pips today, setting another long with a trailing stop of my '20 pips' so I don't take a loss.

I just think it will rally during London & BEFORE u.s. open.

Quoting bbakker
A long right before a supply area... I hope you have a big SL... lol
with EU, I think this is giving them 'confidence' in the countries of the EU.

Here in the U.S, most see past the B.S. that is QE1 & QE2 and soon to be QE3,QE4, etc.

but who knows, either way, not taking a loss on EUR/USD today.
  • #329,643
  • Nov 21, 2010 4:56pm Nov 21, 2010 4:56pm
Quoting egkid
MR/Rogers @22 November 2010

“There is no reason that taxpayers around the world or around Europe or in Ireland should pay for other peoples’ mistakes. The banks who lent the money and made the mistakes should lose money. The bondholders and the stockholders of those banks should lose money. It’s that simple.”
Could not agree more!
  • #329,644
  • Nov 21, 2010 4:58pm Nov 21, 2010 4:58pm
Quoting skozyuk
I'm not a pro by no means, been trading retail FX for several years so only speak of what I have observed on my retail FX chart.

When Sunday gap opens up due to price data feed discrepancy between Friday and Sunday, thats what bulk of retail FX trader see and react to. Thus in my limited opinion I make my trading decisions which usually revolve around a quick scalp opportunity that develops at this time.
O yeah, since retail traders can impact the price so much, and are so informed, then i guess it is worth attempting to follow them
Stubbornly persistent
  • #329,645
  • Nov 21, 2010 4:58pm Nov 21, 2010 4:58pm
Quoting bbakker
You stated "Nice little gap, I'm in for short scalp on gap closing."

That is present tense and means you are in the trade. If you had said "I will be going in for a short scalp" that would have been a different story... lol

Still, whatever you say bro!

You should know by now, they don't lose, always get out at BE or miraculously saw it coming and didn't enter the trade.
  • #329,646
  • Nov 21, 2010 4:59pm Nov 21, 2010 4:59pm
Quoting sergiu
No one argues about the gap as being a valid pattern. The argument is about the gaps as they relate to forex, and how the different times brokers open may sometimes show gaps, that only exist for that broker's data. Those are not valid gaps. That's what the argument is all about.
Yea sorry, I am too accustomed to direct market platforms where all products open and close when they should.. sorry for assuming majority of you have common sense and are not with a broker who is playing games.

Nonetheless I agree, if your broker pads their feed than its difficult to identify.. most of those gaps are squaring/fixing of their internal 'prop' order-book and are false gaps.
  • #329,647
  • Nov 21, 2010 4:59pm Nov 21, 2010 4:59pm
Quoting sergiu
O yeah, since retail traders can impact the price so much, and are so informed, then i guess it is worth attempting to follow them

Market moving 20 dollar mini accounts now on offer.
  • #329,648
  • Nov 21, 2010 5:00pm Nov 21, 2010 5:00pm
Quoting Duce
Gap, shmap. How is a multi-billion Euro bailout for Ireland good for longing the EU? When the US prints money, the dollar gets the sh*t kicked out of it. Now the IMF is restarting the printing presses and everyone is popping champagne bottles.
When exactly did the IMF started printing EUR or any other currency for that matter?
Stubbornly persistent
  • #329,649
  • Nov 21, 2010 5:00pm Nov 21, 2010 5:00pm
Quoting sergiu
When exactly did the IMF started printing EUR or any other currency for that matter?

They must have bought a used worn out press from Bennie.
  • #329,650
  • Nov 21, 2010 5:00pm Nov 21, 2010 5:00pm
short 3741 sl 3785
those who can, do. those who cant, talk about those who can
  • #329,651
  • Nov 21, 2010 5:02pm Nov 21, 2010 5:02pm
Quoting cloggie
You should know by now, they don't lose, always get out at BE or miraculously saw it coming and din't enter the trade.
Of course I know... I just like to pick holes... lol!
  • #329,652
  • Nov 21, 2010 5:03pm Nov 21, 2010 5:03pm
Quoting cloggie
They must have bought a used worn out press from Bernie.
Then I guess helicopter Ben should retire, The Press is the only monetary policy tool he seems to be familiar with...
Stubbornly persistent
  • #329,653
  • Nov 21, 2010 5:05pm Nov 21, 2010 5:05pm
Quoting sergiu
Then I guess helicopter Ben should retire, The Press is the only monetary policy tool he seems to be familiar with...

I am still waiting for this massive influx of retail traders with a couple 100mm of orders to close this "gap", we have 350 viewers here, together they must get close.
  • #329,654
  • Nov 21, 2010 5:11pm Nov 21, 2010 5:11pm
Quoting cloggie
I am still waiting for this massive influx of retail traders with a couple 100mm of volume to close this gap, we have 350 viewers here, together they must get close.
I am waiting for it to hit supply and get in as tight as I can to 1.3776 before I short, although price action seems to be fading now.
If it does not come close, I won't even take it!

Come on Malcolmb, add a few more to your longs... lol
  • #329,655
  • Nov 21, 2010 5:11pm Nov 21, 2010 5:11pm
Quoting gatorinla
short 3741 sl 3785
me too, for this particular reason.
Attached Image (click to enlarge)
Click to Enlarge Name: forex399.gif Size: 21 KB
  • #329,656
  • Nov 21, 2010 5:12pm Nov 21, 2010 5:12pm
Quoting Duce
Gap, shmap. How is a multi-billion Euro bailout for Ireland good for longing the EU? When the US prints money, the dollar gets the sh*t kicked out of it. Now the IMF is restarting the printing presses and everyone is popping champagne bottles.
the upside move on the promise of a bailout has been underway since last week and might be limited sui generis. But euro strength is inv correlated with EZ bond/CDS yield spreads and if a deal for Ireland helps to calm that market down then euro will benefit.

Factor in we're deep in the heart of OMO-based usd weakening all week and it seems big hands will show for euro.

Unless something happens. Plenty of Jokers in the deck these days.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #329,657
  • Nov 21, 2010 5:12pm Nov 21, 2010 5:12pm
Quoting gatorinla
short 3741 sl 3785

joining you in at 3732, same sl and targeting 3600, will move sl to be once below 3700
  • #329,658
  • Nov 21, 2010 5:14pm Nov 21, 2010 5:14pm
We are short from 1.37394 at first ... towards central pp possibly during Tokyo and Hong Kong trading hours at first ... mal schaun ...

Later we reverse it then ... as we think buy on dips not badest idea later then ...


palim palim


;-)
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #329,659
  • Nov 21, 2010 5:18pm Nov 21, 2010 5:18pm
Quoting bbakker
This is how I see it on the hourly chart -

Attachment

Still waiting for it to get into supply. A nice big push up into it would be lovely!
Never reached my entry... Oh well. I will look at going long if we get to 1.3606-1.3635 demand zone.

I will wait for my setups! Time for bed. Goodnight peeps!
  • #329,660
  • Nov 21, 2010 5:20pm Nov 21, 2010 5:20pm
Quoting cloggie
I am still waiting for this massive influx of retail traders with a couple 100mm of orders to close this "gap", we have 350 viewers here, together they must get close.
Cloggie.. i respect you and your knowledge, I'm even trying to learn your level hunting as I lack that in my trading..

BUT this Gap taunting is getting to much.. And now you ridicule all the people that are on retail accounts and make you the only real trader here.. I'm not sure but i thought that this was not your intentions... or I'm I wrong, because then you lost me..

I my self is a trader since.. the only way to trade was to call the bank for stockquotes, and place trades by phone... I make good money BUT i have accounts at these simple retailers and they work for me.. yes i have multiple accounts as the retailers are known to close down shop very suddenly.. But again.. Are you better than me? or all others here?
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