EURUSD | Page 17806 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, USD/CHF

Similar Threads

MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
Exit Attachments

EURUSD

  • #356,101
  • Jan 2, 2011 4:46pm Jan 2, 2011 4:46pm
Quoting pawpaw1000
Alright, on your chart there is a gap... But if I go to the bank to exchange my euros for dollars, what is happening?

Some Retail taders are able to trade overr weekends...

But okay, if it is easier for you to understand, then there is a gap...

Cheers, see 2moro!
So you can go to the bank on Saturday nights or Sunday mornings? I can't...

or go to the airport and trade with the 5% fee or whatever it is.

LoL, and how is trading in your dollars at the Airport like trading forex? that is completely different.
  • #356,102
  • Jan 2, 2011 4:47pm Jan 2, 2011 4:47pm
Quoting ukdaytrader
2 questions for you:

Easy starter for 5 points.....
What time did markets close on Friday?

Tricky one for 10.....
What time did markets open on Sunday?

Your answer to the second question will explain your gap.
What time does the last central bank close on Friday?

what time does the first central bank open for the week?
  • #356,103
  • Jan 2, 2011 4:49pm Jan 2, 2011 4:49pm
to test Friday's high, thus closing my brokers gap, then a continuation to the 23.6 fib on the daily.
To those that missed it in the 6ull$hit from earlier, my 3260 was stopped out at 3390,I rentered at 3400, sl3560 tp 3100, (middle bollinger) 3000, (bottom bollinger) 2500 .I'm looking at that 290 pip spike down on the Dow on Dec 10, that can't be discounted.

This is not a trade call! Just my position in the market!
All that is left in FF is just plain garbage. "Cloggie"
  • #356,104
  • Jan 2, 2011 4:50pm Jan 2, 2011 4:50pm
Take no notice. These people are being argumentative. They are probably long and don't like the fact that its drifting down.
rat
  • #356,105
  • Jan 2, 2011 4:51pm Jan 2, 2011 4:51pm
Quoting mikej2010
What time does the last central bank close on Friday?

what time does the first central bank open for the week?
I don't know without looking it up. Doesn't answer my question though does it.

Friday FX market closed at 22.00 gmt.
Sunday market opened, (for me), at 18.00 gmt. (over 4 hours ago)

THERE WAS NO GAP.

Honestly, I can't explain it any simpler than that.
  • #356,106
  • Jan 2, 2011 4:53pm Jan 2, 2011 4:53pm
Quoting tonyo524
to test Friday's high, thus closing my brokers gap, then a continuation to the 23.6 fib on the daily.
Looks like we tested the 50% fib from 8/24/1020-11/4/2010.

This will be the 3rd test of it, maybe the last?
Attached Image (click to enlarge)
Click to Enlarge Name: 50fib.jpg Size: 104 KB
  • #356,107
  • Jan 2, 2011 4:53pm Jan 2, 2011 4:53pm
Quoting rattyo
Take no notice. These people are being argumentative. They are probably long and don't like the fact that its drifting down.
No, not at all. Just trying in the friendliest way to tell you you're wrong. If you don't want to learn, that's fine, it really is. There is no gap, there was no gap and there's almost never any Sunday gap.
  • #356,108
  • Jan 2, 2011 4:55pm Jan 2, 2011 4:55pm
Quoting ukdaytrader
No, not at all. Just trying in the friendliest way to tell you you're wrong. If you don't want to learn, that's fine, it really is. There is no gap, there was no gap and there's almost never any Sunday gap.

Ok theres no damn gap.

Its drifting down now. nothings open.
rat
  • #356,109
  • Jan 2, 2011 4:55pm Jan 2, 2011 4:55pm
Quoting tonyo524
to test Friday's high, thus closing my brokers gap, then a continuation to the 23.6 fib on the daily.
same
n opening market, my broker also GAP almost 100pips,,,
Attached Image (click to enlarge)
Click to Enlarge Name: a11.png Size: 9 KB
only an analysis, and I'm always wrong, don't follow me,
  • #356,110
  • Jan 2, 2011 4:56pm Jan 2, 2011 4:56pm
no gap no gap no gap no gap no gap no gap no gap no gap no gap no gap no gap no gap

mind the gap
rat
  • #356,111
  • Jan 2, 2011 4:56pm Jan 2, 2011 4:56pm
Decide for yourself, if this is your timeframe
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled9.jpg Size: 87 KB
The Thief of Wall Street
  • #356,112
  • Jan 2, 2011 4:56pm Jan 2, 2011 4:56pm
Quoting ukdaytrader
I don't know without looking it up. Doesn't answer my question though does it.

Friday FX market closed at 22.00 gmt.
Sunday market opened, (for me), at 18.00 gmt. (over 4 hours ago)

THERE WAS NO GAP.

Honestly, I can't explain it any simpler than that.
...
Attached Image (click to enlarge)
Click to Enlarge Name: GAP.jpg Size: 84 KB
Attached Image
  • #356,113
  • Jan 2, 2011 4:58pm Jan 2, 2011 4:58pm
Most of you will hate me for saying this; but brace yourself for a 1.2690 print on EU.
  • #356,114
  • Jan 2, 2011 5:00pm Jan 2, 2011 5:00pm
I think most everyone here understands the "Gap" theory and what it really is. Maybe we should make up a name for the difference between Friday's close and Sunday's open.

For example, my FXSolutions account closed at 1.3352 and opened at the same, hence no "unnamed change in price". Now my IBFX account closed at 1.33899 and opened at 1.33452. Unfortunately I was only short in my FXSol account so no gains or losses were incurred.

Anyhow, anyone have a suggestion for a name for this or should we continue calling it a gap and calling each other names and arguing?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxsol12.JPG Size: 193 KB
Click to Enlarge Name: ibfx12.gif Size: 38 KB
Don't Panic. Stay With You're Group.
  • #356,115
  • Jan 2, 2011 5:00pm Jan 2, 2011 5:00pm
Quoting akhtergroup
Most of you will hate me for saying this; but brace yourself for a 1.2690 print on EU.
I have been short for a while with SL at 1.3500, didn't think we would pass 1.33 area, but the 50% fib here to be precise.

http://www.forexfactory.com/showpost...stcount=356246

IMO, I am with you, December was just over-exaggerated moves with a thin market.

Let some fundamentals kick in and drive AUD/USD & EUR/USD down.
  • #356,116
  • Jan 2, 2011 5:01pm Jan 2, 2011 5:01pm
Most markets close and open at certain times.
But forex just passes the baton around the world as money is being exchanged 24 hrs 365 days of week.
you will see a gap on your platform because while the forex is 24hrs your individual brokers close there platform feeds for the weekend .
the feed stops friday when your broker closes
and the gap is were your broker opens his feed on sunday.
If there has been a major event over the weekend your platform will show a gap only because your broker was not recording data over the weekend.
Hope this helps.
making green pips large and red pips small this is my goal.
  • #356,117
  • Jan 2, 2011 5:01pm Jan 2, 2011 5:01pm
Quoting MindfulOne
I think most everyone here understands the "Gap" theory and what it really is....
As stated, I have a name for it ...
Attached Image (click to enlarge)
Click to Enlarge Name: GAP.jpg Size: 84 KB
  • #356,118
  • Jan 2, 2011 5:01pm Jan 2, 2011 5:01pm
Quoting mikej2010
Looks like we tested the 50% fib from 8/24/1020-11/4/2010.

This will be the 3rd test of it, maybe the last?
Hey Mike, I have that as my 38% fib. My fibs are drawn from 2008's top of 1.6 to 2010's bottom of 1.18

I do see the 3 points of resistance on your chart though!
All that is left in FF is just plain garbage. "Cloggie"
  • #356,119
  • Jan 2, 2011 5:02pm Jan 2, 2011 5:02pm
YOUR broker opened for business after the interbank participants did. YOUR broker has a gap between IT'S feed and the actual market one.

if your broker had opened for business at the same time as the interbanks, you would see no gap.

YOUR BROKER has provided a gap. There was no gap in the real market.
  • #356,120
  • Jan 2, 2011 5:06pm Jan 2, 2011 5:06pm
Quoting ukdaytrader
YOUR broker opened for business after the interbank participants did. YOUR broker has a gap between IT'S feed and the actual market one.

if your broker had opened for business at the same time as the interbanks, you would see no gap.

YOUR BROKER has provided a gap. There was no gap in the real market.
yes there was
1,416 traders viewing now