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  • #339,241
  • Dec 5, 2010 9:10am Dec 5, 2010 9:10am
Quoting Stanton81
My question is for EUR/USD on Friday 12/03/2010 time: 04:00 PM

Is there on your charts of 4 hours for EUR/USD a bearish long legged doji to classify?

Thank you for your attention.
No 4hr doji on my charts.
  • #339,242
  • Dec 5, 2010 9:28am Dec 5, 2010 9:28am
My trading plan on next week.

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  • #339,243
  • Dec 5, 2010 9:36am Dec 5, 2010 9:36am
Quoting Pipmysterio
This can mean a gap down for the Eurusd. I'm sure it will gap down when it opens.
How sure are you? You have anything to back that up?
  • #339,244
  • Dec 5, 2010 9:37am Dec 5, 2010 9:37am
Quoting amjilt
My trading plan on next week.

Attachment
I thought your previous plan is better
http://www.forexfactory.com/showpost...stcount=339222
  • #339,245
  • Dec 5, 2010 9:47am Dec 5, 2010 9:47am
Hi
I can hardly wait till week start , I want to know if I'm right or Wrong
  • #339,246
  • Dec 5, 2010 9:49am Dec 5, 2010 9:49am
My gut feel is that it will gap up instead and continue upwards.
  • #339,247
  • Dec 5, 2010 9:54am Dec 5, 2010 9:54am
Quoting DudeSepii
How sure are you? You have anything to back that up?
I'm just speaking from experience. When a market moves up like that 80% of the time we get a gap down on Sunday's.
Prices are never too high to begin buying or too low to begin selling.
  • #339,248
  • Dec 5, 2010 9:54am Dec 5, 2010 9:54am
It is stupid

this combined with falling housing , no jobs created etc etc YET dj at 2010 highs ... awesome

computer algos do not give a damn about the fundies .. they just are just designed to make money.

Even in Canada the food banks are under strain as they cannot handle the increase in families using them

Quoting mokonni
42,911042 million people in september

= 13,82% of US population

23 rd High in a row



http://www.querschuesse.de/wp-conten...45-450x355.jpg
Blogging daily now at www.volume.zone
  • #339,249
  • Dec 5, 2010 9:57am Dec 5, 2010 9:57am
Ignore weekend prices .... they just confuse you and will drive you nuts

Wait for market to trade thru a full London session on Monday , market will balance it self , then you can determine your trades for the week

I do not often trade till the us / London overlap on Monday due to this.

Friday euro touched a major resistance on the weekly to the pip ( 1,3442) .. nice how it did this last 30 min of session . Now waiting to see reaction to this.

Quoting Maan Ch.
According to www.afb.com.kw EURUSD at 1.3423

www.alpari.co.uk says EURUSD at 1.3413

www.odlmarkets.com EURUSD at 1.3418

and reuters says EURUSD at 1.3417 http://uk.reuters.com/article/idUKN0314694620101203

www.dailyfx.com says EURUSD at 1.3409 being the last

what the hell is all this
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  • #339,250
  • Dec 5, 2010 10:19am Dec 5, 2010 10:19am
I have heard some people say they can trade earlier than 5:00PM EST.
Prices are never too high to begin buying or too low to begin selling.
  • #339,251
  • Dec 5, 2010 10:25am Dec 5, 2010 10:25am
Quoting Pipmysterio
I have heard some people say they can trade earlier than 5:00PM EST.
As far as I know- market never closes. It's only your Broker who takes time off.
  • #339,252
  • Dec 5, 2010 10:27am Dec 5, 2010 10:27am
Quoting alex.fx
As far as I know- market never closes. It's only your Broker who takes time off.
So is the market trading now? Do u have access to the market that does not close? I'm sure it close on friday's and open back @5pm EST on sunday.
Prices are never too high to begin buying or too low to begin selling.
  • #339,253
  • Dec 5, 2010 10:49am Dec 5, 2010 10:49am
Quoting alex.fx
As far as I know- market never closes. It's only your Broker who takes time off.
What drives the markets {stock, currency, commodities, etc} .. the trading does and that is done 8 hours a day, 5 days a week. So when the 'banks' / 'trading' markets are closed on the weekends, the price of currency is 'null' ..

Unless of course there is an event or news or like event{s} to drive the currency price. IMO of course.
  • #339,254
  • Dec 5, 2010 10:52am Dec 5, 2010 10:52am
Quoting Pipmysterio
So is the market trading now? Do u have access to the market that does not close? I'm sure it close on friday's and open back @5pm EST on sunday.
No, I don't have access because my brokers fxcm and forex.com are not open until 5pm EST.
  • #339,255
  • Dec 5, 2010 11:07am Dec 5, 2010 11:07am
Quoting mikej2010
What drives the markets {stock, currency, commodities, etc} .. the trading does and that is done 8 hours a day, 5 days a week. So when the 'banks' / 'trading' markets are closed on the weekends, the price of currency is 'null' ..

Unless of course there is an event or news or like event{s} to drive the currency price. IMO of course.

come on Mike ... what traders ? lol....gone are the market makers once GS got rid of Lehman and Bear they got rid of all their competition. Now GS does the feds bidding ... or is it the other way round ?

everything is done by computer algos now. I noticed the computers at work big time on the es last week .... which is great as means xmas season should be decent volatility still . Computers do not need vacations ....
Blogging daily now at www.volume.zone
  • #339,256
  • Dec 5, 2010 11:12am Dec 5, 2010 11:12am
Quoting Pipmysterio
So is the market trading now? Do u have access to the market that does not close? I'm sure it close on friday's and open back @5pm EST on sunday.
Yes ... you are rrright ... it closes ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #339,257
  • Dec 5, 2010 11:14am Dec 5, 2010 11:14am
Quoting malcolmb14
come on Mike ... what traders ? lol....gone are the market makers once GS got rid of Lehman and Bear they got rid of all their competition. Now GS does the feds bidding ... or is it the other way round ?

everything is done by computer algos now. I noticed the computers at work big time on the es last week .... which is great as means xmas season should be decent volatility still . Computers do not need vacations ....
actually the computers make up 70% of trading {I think that was the last stat taken in the U.S. of course} , but by traders I meant just the 'trading', my mistake ... same stance stands though.
  • #339,258
  • Dec 5, 2010 11:15am Dec 5, 2010 11:15am
One last time again ... shure the real market closes ... and it closes when Chicago is pluggin out ...

And Markets open ... when Wellington Banks plug in ...

That is the Interbank Market ... and then trades can be taken under Interbank Rules Conditio ... not lousy Lots are being traded then ...

So if you are with Global Players ... with convenient deposits more than one million in accounts ... then you may start to trade soon ...

Otherwise you trade with online services ... and some of them do so as if you are with interbank then ... but you are not (!) ...

They like to have names like 'Interbank FX' or whatever ... sounds good ... but ... that is decoration only ...

Moreover that all does not matter ... as turnover is higher when Singapore (number 4 in turnover) open its doors ...

So all what you have to know is ... that there is nearly never a gap ... as Interbank plugs in on Sundays normally where it plugged out on Fridays ...

GAPs are very rare in FOREX ...

That's all ...

Prices you can see now are Indications ... and some of your services allow to take a trade on that ... but that is silly ... as there is no real major counterpart ... not atm ... INZUCHT we name that ...

In other words ... you must learn to wait ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #339,259
  • Dec 5, 2010 11:20am Dec 5, 2010 11:20am
Hi,

I would like to know more about fundamental analytics.
I have opened my chart and I see a few green candles on EUR/USD
I have opened the Calendar and I want to understand the reason to be a trend reversal:


Date12:51pmCurrencyImpact DetailActualForecastPreviousChart
Wed
Dec 13:00amEUR
German Retail Sales m/m

2.3%
1.3%
-1.8%

-it is normal



9:15amUSD
ADP Non-Farm Employment Change

93K
70K
82K

- usd should be fortifyed, so the price for eur/usd should be decreasing, not increasing

9:30amUSD
Revised Nonfarm Productivity q/q

2.3%
2.4%
1.9%

- almost as forecasted => low impact

11:00amUSD
ISM Manufacturing PMI

56.6
56.4
56.9

- as forecast

9:30amUSD
Unemployment Claims

436K
425K
410K

- it is a reason to be weaken the usd (the single one)

11:00amUSD
Pending Home Sales m/m

10.4%
-0.7%
-1.8%

- reason to strengthen the usd


dec 3:
9:30amUSD
Non-Farm Employment Change

39K
143K
172K

- weakening the usd

11:00amUSD
Factory Orders m/m

-0.9%
-0.7%
3.0%

-weakening the usd

So given the daily chart:
http://img27.imageshack.us/img27/4043/dec4.png

Uploaded with ImageShack.us

This news are so powerful as they can make the price to grow or will continue the downtrend?
I want to buy PATIENCE
  • #339,260
  • Dec 5, 2010 11:31am Dec 5, 2010 11:31am
two charts from cmegroup. close on friday was 1.3378.
Attached Image(s) (click to enlarge)
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