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  • #361,241
  • Jan 9, 2011 8:51am Jan 9, 2011 8:51am
Quoting FibbinArchie
Hmm, wish the market was so easy to predict...

Ah, you know me by now, if you are looking for handholding and feel good posts, go find yourself another forum or just put me on ignore. I am a trader and say it just the way it is. No pussyfooting around. I am nothing if not consistent.
  • #361,242
  • Jan 9, 2011 8:55am Jan 9, 2011 8:55am
Quoting cloggie
Ah, you know me by now, if you are looking for handholding and feel good posts, go find yourself another forum or just put me on ignore. I am a trader and say it just the way it is. No pussyfooting around.
Wouldn't want it any other way personally speaking, I like to call a spade a spade...
  • #361,243
  • Jan 9, 2011 8:57am Jan 9, 2011 8:57am
Quoting FibbinArchie
I like to call a spade a spade...

I tend to call 'm muppets, plenty of choice.
  • #361,244
  • Jan 9, 2011 8:58am Jan 9, 2011 8:58am
Quoting cloggie
I tend to call 'm muppets, plenty of choice.
LMAO
  • #361,245
  • Jan 9, 2011 9:11am Jan 9, 2011 9:11am
As far as 'gaps', 1/2 correct and 1/2 wrong. {see image} ..

There is a gap, but it is more complex then just saying there 'is' or 'isn't a gap' because the gap is all about interpretation of the individual in the 'unregulated' and 'decentralized' market of Forex.

In Football, a touchdown is a touchdown as defined by the NFL rules & regulations, but with Spot Forex, there are no rules and regulations about a gap therefore it is all in perception and theory.

IMO, the 'interbank' market closes, therefor the 'value' of a currency in banks platforms such as "REUTERS 3000 XTRA" {where the big boys trade, one of a few platforms} has a price, since 'Sh!t rolls downhill" and 'EOD' {end-of-day} price is what you see on your brokers platforms, that is the price that you close with.

Now Central banks like to take this 'gap of time' between Friday-Sunday morning {non business days } and make news announcements such as this weekends 'Feds Yellen' and 'UK Cameron'. These can have adverse effects on a CURRENCYS VALUE but maybe not the SPOT FOREX since .. most platforms are closed and can't translate those announcements.

Now since the currency market is a floating market, there is a change in value to a currency pair, but in the 'spot FX' market, most big time platforms {again, such as REUTERS 3000 XTRA} are closed for trading along with 'banking hours' ... so you might get a fluctuation in the currency's value but there is indeed a gap in the FOREX EXCHANGE market due to the chain of command of reporting those prices.

So to clarify my opinion, there is a misconception between traders on what a gap is.

I think traders often mistake a gap in the CURRENCY ITSELF rather then the Spot Forex Market.

There is a gap in the spot forex market but not the currency itself.

Just IMO of course ...

edit/

the currency is not a business, Forex trading is a business ... with associated 'hours of operation'
Attached Image (click to enlarge)
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  • #361,246
  • Jan 9, 2011 9:32am Jan 9, 2011 9:32am
Could see a bounce here to at least 1.2960 but not sure if the rally would last.
Would keep an eye on the DXY0
  • #361,247
  • Jan 9, 2011 9:35am Jan 9, 2011 9:35am
Quoting mikej2010
As far as 'gaps', 1/2 correct and 1/2 wrong....
Your gap has been invalidated by at least 177 pips so it's not valid anymore
  • #361,248
  • Jan 9, 2011 9:40am Jan 9, 2011 9:40am
Quoting mikej2010
As far as 'gaps', 1/2 correct and 1/2 wrong....
http://acidcow.com/pics/20101221/camel_toe_fails_08.jpg
some are over inflated. is it really a gap? or light bending in a shallow crevasse making all we see a mirage.
those who can, do. those who cant, talk about those who can
  • #361,249
  • Jan 9, 2011 9:45am Jan 9, 2011 9:45am
Good Afternoon Forex Factory Members and Guests.

There is no such thing as gaps. On a weekend there is over the counter trading and as we speak the EUR/USD is trading at 1.29415. Your broker is just not connected to the feed.

Come on guys, every sunday you have this discussion

No gaps ok
  • #361,250
  • Jan 9, 2011 9:48am Jan 9, 2011 9:48am
Quoting Hda
Good Afternoon Forex Factory Members and Guests.

There is no such thing as gaps. On a weekend there is over the counter trading and as we speak the EUR/USD is trading at 1.29415. Your broker is just not connected to the feed.

Come on guys, every sunday you have this discussion

No gaps ok

Come on HDA, this thread has been going for neigh on 7 years and the majority here can't even figure out what the current trend is, do you really think they can figure this gap thing out?
  • #361,251
  • Jan 9, 2011 9:49am Jan 9, 2011 9:49am
Quoting cloggie
Come on HDA, this thread has been going for neigh on 7 years and the majority here can't even figure out what the current trend is, do you really think they can figure this gap thing out?
Cloggie: True words my friend - true words.
  • #361,252
  • Jan 9, 2011 9:54am Jan 9, 2011 9:54am
Drop the f******g gap thing already!!!!!!!!!
  • #361,253
  • Jan 9, 2011 9:55am Jan 9, 2011 9:55am


Quoting cloggie
Come on HDA, this thread has been going for neigh on 7 years and the majority here can't even figure out what the current trend is, do you really think they can figure this gap thing out?
  • #361,254
  • Jan 9, 2011 9:56am Jan 9, 2011 9:56am
Quoting gatorinla
http://acidcow.com/pics/20101221/camel_toe_fails_08.jpg
some are over inflated. is it really a gap? or light bending in a shallow crevasse making all we see a mirage.
that is one abnormally long camel toe...
  • #361,255
  • Jan 9, 2011 9:58am Jan 9, 2011 9:58am
Quoting FibbinArchie
that is one abnormally long camel toe...

Long bar, small gap, three white soldiers will close that in no time.
  • #361,256
  • Jan 9, 2011 9:59am Jan 9, 2011 9:59am
Quoting falcon
this is the first time i post ,
i use this indicator since 3 years , it has been done by a french trader ,
and it works fine on the long term , so as you will see if you install it on your platform , there is still no resistance on the monthly timeframe on eur/usd,when the resistance point arrives ,it can go above or below about 200 pips ,and then you can enter in the reversal trend.
so the downtrend is not finished for the moment ,
Sorry if i am not very clear in my expainations but i am french..(really sorry)
it works fine on the...
That indicator is a waste. It is a repainter, i have seen many on TSD forums. There is no way that hedge fund managers, CB traders and big money watch at silly lines which tell them when to enter the market
  • #361,257
  • Jan 9, 2011 10:01am Jan 9, 2011 10:01am
Quoting Dr.Geppynius
Dr. Geppynius: Magix brought to my attention that you vouched for me. I had not idea what he meant until I read about it later on, on forex factory and how it works.

I now see a 1V beside my name. That was thoughtful - Thank You.

Traders: My Broker is now connected to the feed
  • #361,258
  • Jan 9, 2011 10:02am Jan 9, 2011 10:02am
Quoting T@rantula
There is no way that hedge fund managers, CB traders and big money watch at silly lines which tell them when to enter the market

Hmmm, so what you are saying is that the 30,000 members here are all wasting their time going over the infinite permutations of 1,000's of linedrawing indies then?

You may be on to something, better keep it to yourself.
  • #361,259
  • Jan 9, 2011 10:04am Jan 9, 2011 10:04am
Quoting cloggie
Hmmm, so what you are saying is that the 30,000 members here are all wasting their time going over the infinite permutations of 1,000's of linedrawing indies then?

You may be on to something, better keep it to yourself.
now trading at 1.2890
  • #361,260
  • Jan 9, 2011 10:05am Jan 9, 2011 10:05am
Quoting Hda
now trading at 1.2890
2893

Ah cr@p, I was going to leave it alone.

See y'all in a bit, time to have some dinner and be ready for Welly in 45 mins or so.
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