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  • #329,841
  • Nov 22, 2010 2:14am Nov 22, 2010 2:14am
short 1,3765 sl 1,3795 tp 1,3708

based on 38,2 fibo, sl slithly above 41,4 tp 23,6 fibo last up leg

good luck to all traderś!
  • #329,842
  • Nov 22, 2010 2:16am Nov 22, 2010 2:16am
Quoting Freddyfx
So now let's see if we close this gap in the coming hours.

Seems some traders don't know that gap trading is a system on its own.

VERY profitable if you do it right, as the gap closes lots of times within 12-15 hrs of the brokers opening for the week.

............BUT

then of course there are always herds that don't seem to understand what I am talking about.

Pips to all !!
What gap? What time does your broker close on Friday and when did it open Sunday? The gap was formally closed during the NZ market with the dip down to Friday's 5pm EST level ... You haven't posted a chart in 5 months.

Yes, my charts too have a hole in them, but that's because my broker opens 5pm EST on Sunday ... a gap on my MT4 Joe Retail trader chart does not constitute a gap in the fx market. You are misleading those that are trying to learn from these forums, normally a questionable undertaking at the best of times.
  • #329,843
  • Nov 22, 2010 2:17am Nov 22, 2010 2:17am
Look at the H1 chart and see what is happening.

As clear as a diamond can be.
  • #329,844
  • Nov 22, 2010 2:18am Nov 22, 2010 2:18am
Quoting mercy seat
http://cdn.forexfactory.com/images/attach/pdf.gif

2010-11-22_00h47_ASIA DAILY FOREX OUTLOOK - Majors.pdf (13.9 KB)



ASIA DAILY FOREX OUTLOOK - Majors
22 Nov 2010, 00:47

SINGAPORE (Dow Jones)



EUR/USD - to trade with risks skewed higher, supported by ultra-loose U.S. monetary policy, improved global risk appetite as concerns fade over peripheral euro-zone debt after EU/IMF bailout of Ireland. Data focus:...

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-11-22_08h11_European Forex Technicals - Euro To Extend Gains.pdf (12.6 KB)




European Forex Technicals: Euro To Extend Gains
22 Nov 2010, 08:39

By Francis Bray
A DOW JONES NEWSWIRES COLUMN




Intraday EUR/USD: Pushes into fresh one-week highs as the key Nov. 12 lower high at 1.3777 comes under pressure. Bulls are building on the recovery off the Nov. 16 reaction low at 1.3446, and a break above 1.3777 would pave the way for further gains towards the short-term pivotal resistance level at 1.3825. The 50% Fibonacci retracement level of the 1.4283/1.3446 bear wave lies at 1.3865. Congestion between 1.3711 and 1.3745 will look to contain weakness, although solid backup support lies at 1.3665.

Weekly chart EUR/USD trend: Range.


9 round-turns (full size round-turns; consisting of various positions) done until now ... only in this pair

Much more ... as we have been in other instruments as well ...

More than 78 pips move cashed in Euro against Dollar ...

3 pips of that done with a very large position ... but we do not multiply that in our calculation ... we still say it was a 3 pips move only ... as I have noticed that some of you tend to calculate it in a 'halbschwule Milchmädchenrechnung' way ... they would like to say ... oh ... it has been nearly 900 positions ... so it has been 2700 pips ... no no no ... 3 pips it has been ...



;-)
Attached File(s)
File Type: pdf 2010-11-22_08h11_European Forex Technicals - Euro To Extend Gains.pdf   13 KB | 298 downloads
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #329,845
  • Nov 22, 2010 2:19am Nov 22, 2010 2:19am
Quoting malcolmb14
could be

seems like a ton of buyers in this down candle though . 1.3720 to 1.3750 sticky area on the weekly .... major s/r line at 1.3730 to 1.3755
everything is possible in this freaking market .

I try to play it as safe as possible.

what i said is like 75% possibility or more on my prediction. but I have to collect parts and fade out to be safe .

it can make double top now or lower high . it could go knock the guys who shorted this thing trying to follow the move . it can do anything

so I can't see +50 pips and not collect anything.

now in order for this thing to make me break even i has to go to 3840.

but i still see 3670 area as first target and second is 3600 area .
I SEE YOU !!
  • #329,846
  • Nov 22, 2010 2:19am Nov 22, 2010 2:19am
Quoting Freddyfx
So now let's see if we close this gap in the coming hours.

Seems some traders don't know that gap trading is a system on its own.

VERY profitable if you do it right, as the gap closes lots of times within 12-15 hrs of the brokers opening for the week.

............BUT

then of course there are always herds that don't seem to understand what I am talking about.

Pips to all !!
i was like u but i believe u missed this sir ,,,,,,,,,,,,,,, by malc
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  • #329,847
  • Nov 22, 2010 2:19am Nov 22, 2010 2:19am
Freddy

what gap .... stop talking shit and get a real feed .. gap was filled ages ago at market open before mt4 feeds opened . Simple.

Do you really think that MT4 retail traders make up the 3 trillion that is traded everyday. They are the ONLY ones with a gap

PROs must love this bullshit as all they have to do is move price down by 30 pip to ' close the non existent gap ' and all retail traders rush in on sells with 40 pip stops and hey presto pros ramp price back up taking all your stops with them

You have been rattling on about this gap fill trade for hours when 15 min has been up .. in fact up for 100 pip . So nice 100 pip dd for a 20 pip trade awesome risk management.

You may love that kind of trading but stop being so rude to others and stop saying fx trading is easy ... it is far from easy, that is why 90% fail

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Quoting Freddyfx
So now let's see if we close this gap in the coming hours.

Seems some traders don't know that gap trading is a system on its own.

VERY profitable if you do it right, as the gap closes lots of times within 12-15 hrs of the brokers opening for the week.

............BUT

then of course there are always herds that don't seem to understand what I am talking about.

Pips to all !!
Blogging daily now at www.volume.zone
  • #329,848
  • Nov 22, 2010 2:20am Nov 22, 2010 2:20am
Quoting kuroro001
I did the same lol
The bull trap cost us pips...time to get them back
I'm keeping an eye on this 15min close, if its under 3731 I'll be happy. On the hourly I'd like to see us under 3718, that will be difficult.
Look Sharp/Trade Tight
  • #329,849
  • Nov 22, 2010 2:20am Nov 22, 2010 2:20am
Quoting malcolmb14
waste of time

1) there is no gap as always
2) 100 pip dd to make 20 pip as that was the gap

NICE trading
Won't you say their are gap trade on NY session with stocks? John Carter's book teaches that gaps setup on NY open for stocks, why not in forex on Friday/Sunday, even Sam Seiden teaches that setup. It can work sometimes, it has for me.

Best Wishes
  • #329,850
  • Nov 22, 2010 2:24am Nov 22, 2010 2:24am
Quoting malcolmb14
waste of time

1) there is no gap as always
2) 100 pip dd to make 20 pip as that was the gap

NICE trading
lol yea really nice
Thank You
  • #329,851
  • Nov 22, 2010 2:25am Nov 22, 2010 2:25am
Gap there or not , no matter but if the price fall below 3691 & just hold there the good correction chance up may be greatly reduced, started prematurely & end more prematurely possible too , still some up towards 3811-23 remain intact though .
lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #329,852
  • Nov 22, 2010 2:25am Nov 22, 2010 2:25am
Looks like stoploss hunting happened in that chart.

None of my charts show what you have...........and I run various brokers.
  • #329,853
  • Nov 22, 2010 2:27am Nov 22, 2010 2:27am
Something is getting brewed around this level.

Most probably some big boy setting up something sneaky, as price hangs around here too long for this time of the London session.
  • #329,854
  • Nov 22, 2010 2:29am Nov 22, 2010 2:29am
Quoting fontu
Gap there or not , no matter but if the price fall below 3691 & just hold there the good correction chance up may be greatly reduced, started prematurely & end more prematurely possible too , still some up towards 3811-23 remain intact though .
lets see .
fontu

For my long trades I have a TP for 1.3811/23.
  • #329,855
  • Nov 22, 2010 2:30am Nov 22, 2010 2:30am
Quoting Freddyfx
Something is getting brewed around this level.

Most probably some big boy setting up something sneaky, as price hangs around here too long for this time of the London session.
every thing is sneaky about them .

there is not a single minute traded without a trick on the chart.
I SEE YOU !!
  • #329,856
  • Nov 22, 2010 2:32am Nov 22, 2010 2:32am
Monday as usual. The levels I will pay attention to are 3715, 3675 to the downside and 3765, 3825 to the upside. 3740 central point
  • #329,857
  • Nov 22, 2010 2:32am Nov 22, 2010 2:32am
In a way all the posters who deny the gap they are actually right from a Forex perspective.

However, the underlying is also trade in futures and if you want to trade it you will have to play it there. So yes there is a GAP in the eur/usd futures which has 1 and only one OPEN, HIGH, LOW and CLOSE. If you want to trade it thats a different issue. So IMO, there is no, my way or the highway in this case.

sisse

Quoting disegnosys
Won't you say their are gap trade on NY session with stocks? John Carter's book teaches that gaps setup on NY open for stocks, why not in forex on Friday/Sunday, even Sam Seiden teaches that setup. It can work sometimes, it has for me.

Best Wishes
Attached Image (click to enlarge)
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Pending conversations? PM for a chat...I am mainly in OTM now
  • #329,858
  • Nov 22, 2010 2:32am Nov 22, 2010 2:32am
Quoting dbfusion
every thing is sneaky about them .

there is not a single minute traded without a trick on the chart.
True, that's why I'm not a long term trader, just looking for shorter move, they're always tricking us like that.
  • #329,859
  • Nov 22, 2010 2:33am Nov 22, 2010 2:33am
So let me get this strait. There was a gap in the interbank market, and it was filled. Is that statement valid.
Look Sharp/Trade Tight
  • #329,860
  • Nov 22, 2010 2:33am Nov 22, 2010 2:33am
northbound train a'comin'
"If The Fool persists in his Folly he will become wise." - William Blake
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