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  • #441
  • Jul 14, 2011 11:04am Jul 14, 2011 11:04am
Ahhh ... and don't forget ... some members would tend to say...

Yes - we did close the GAP from Sunday ... haha!

Which has not been there ... even then when my charts do show that as well!



Sunday Wellington high has been print at 1.4295 ... I know that - and I do have that fact very deep in my mind.

Do you have experience with direct market access without any kind of computers (no matter if with or without ECN or STP or standart desks modus) ... ?



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #442
  • Edited 12:13pm Jul 14, 2011 11:34am | Edited 12:13pm
Simple Info regarding GAP Trading......

Onada Platform is a nice solution for a gap....... (depends upon the broker time beside onada)

Yes you can trade the gap too which is called a liquidity matching........ on one trading platform onada a price is traded at some level and price has moved down.... when your broker opens u can see a gap price moves to someward points down or up and again price clears that gaps which is called liquidity matching....... ( for example in onada price traded at 1.4300 level but when your broker for example FXDD when market open 2 hours latter then onada its trading at 1.4250 level we have a gap of 50 levels that means trader has traded 4300 level in one broker and not in ur broker at some point price reverse and close gap thats a gap trading.... you need to figure a nice SR levels for this...... (difference in pips of 5 doesn't matter)
When targeting gaps you should place profit target around 5 to 10 pips up/down....

Below are two images of this week price opening..... of ONADA and FXDD.... on onada we have have traded 1.42924 and in FXDD when markets open we traded the high at 1.4226x area...... so a nice difference in pips...... and today we have closed that gap...... 5-10 pips difference doesn't matter.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: onada.gif Size: 18 KB
Click to Enlarge Name: fxdd.gif Size: 15 KB
  • #443
  • Jul 14, 2011 4:02pm Jul 14, 2011 4:02pm
Quoting mercy seat
Headline this morning :

Break of above 1.4088 could give some acceleration ...

And here we are now ...



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Quoting mercy seat
Good morning fellow traders!

http://www.forexfactory.com/attachme...0&d=1310599839

Asian Session ahead ...


Upside capped soon ...

Sell the rallies at first ...

Maybe over and done between 1.4249 - 1.4269 ...

Retrace towards 1.4136 expected ...

Near term stops above 1.4277 or 1.4303 zone ... depends on your trading style ... I do not like tight stops for example ...

Major stop at 1.4403 ... 1.4403 is a stop on daily closing basis ... for position trades ...

Description : We are in a corrective...

http://www.forexfactory.com/attachme...1&d=1310676833


RECAP :


Target reached ... done so far ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-14_00h01 - ZigZag + Pivot Survey _ EURUSD _ REOPEN _ W-28.PNG Size: 127 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #444
  • Jul 15, 2011 1:13am Jul 15, 2011 1:13am
EU is targeting 4070 and 4050 today by my analysis. s/l should be around 4210, so you can manage your r:r and poundage.

Yesterday I got some criticism for being short but you all saw what happened. EU dropped for 90 pips.
  • #445
  • Jul 15, 2011 1:45am Jul 15, 2011 1:45am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 42 KB
  • #446
  • Jul 15, 2011 2:24am Jul 15, 2011 2:24am
Quoting Munal
From Bigger Picture of Daily TF
Interesting how this candle develops today...... a fakey bearish Pin Bar or fakey pinbar followed by inside bar????
Excellent Move so far......... after forming bearish PIN BAR....
Attached Image (click to enlarge)
Click to Enlarge Name: eu update1-21.gif Size: 21 KB
  • #447
  • Jul 15, 2011 2:25am Jul 15, 2011 2:25am
Quoting T@rantula
EU is targeting 4070 and 4050 today by my analysis. s/l should be around 4210, so you can manage your r:r and poundage.

Yesterday I got some criticism for being short but you all saw what happened. EU dropped for 90 pips.
  • #448
  • Jul 15, 2011 2:26am Jul 15, 2011 2:26am
Quoting Munal
Excellent Move so far......... after forming bearish PIN BAR....
Yes, a nice swing high
  • #449
  • Jul 15, 2011 2:43am Jul 15, 2011 2:43am
Good morning!

We are in a deeper pullback phase ...

If not cuts lower than mentioned levels ... then we can see further upside again ...

Overall weelkly trend still bearish below 1.4430 on IMM basis ...

3 Day trend is still up ... valid as long as not crossed below 1.3998 on hourly basis ...

Mehr gibt es nicht zu sagen. Faites vos jeux!



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-14_23h45 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-28.PNG Size: 121 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #450
  • Jul 15, 2011 3:03am Jul 15, 2011 3:03am
Quoting mercy seat
Good morning!

We are in a deeper pullback phase ...

If not cuts lower than mentioned levels ... then we can see further upside again ...

Overall weelkly trend still bearish below 1.4430 on IMM basis ...

3 Day trend is still up ... valid as long as not crossed below 1.3998 on hourly basis ...

Mehr gibt es nicht zu sagen. Faites vos jeux!



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Yes 4050 again in play
  • #451
  • Jul 15, 2011 5:19am Jul 15, 2011 5:19am
Re-test of previously broken TrendLine from the lower side ...



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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-15_12h17_ EURUSD _ min030 _ (150) candle + TL.PNG Size: 40 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #452
  • Jul 15, 2011 5:21am Jul 15, 2011 5:21am
Quoting T@rantula
Yes 4050 again in play
Level around 1,4125 catched my attention. Maybe you can adjust it with your state of affairs.
Attached Image (click to enlarge)
Click to Enlarge Name: long16.JPG Size: 156 KB
  • #453
  • Jul 15, 2011 5:36am Jul 15, 2011 5:36am
Quoting FX-Ray
Level around 1,4125 catched my attention. Maybe you can adjust it with your state of affairs.
@BlachWid0w
@T@rantula

Sorry guys, jumped the gun, is it ok for me to be around here?

King Regards.
  • #454
  • Jul 15, 2011 5:43am Jul 15, 2011 5:43am
Quoting FX-Ray
@BlachWid0w
@T@rantula

Sorry guys, jumped the gun, is it ok for me to be around here?

King Regards.
Hi ...
let me get a stance instead of ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #455
  • Jul 15, 2011 5:44am Jul 15, 2011 5:44am
Nice to see you here ...

FX-Ray ... the mkt is awaiting strong data news at this afternoon ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #456
  • Jul 15, 2011 5:46am Jul 15, 2011 5:46am
Firstly ... there will be some issues on "STRESS TESTS" today ...

And this will have more impact than any other ECO-DATA today ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #457
  • Jul 15, 2011 5:49am Jul 15, 2011 5:49am
Following has been a conversation at another place:

"At the moment I am neutral regarding EUR/USD, as CPI data at 14:30 CET and ECB stress tests make it highly unpredictable."

And ...

It may trade up to 1.4290 and down to 1.3950, depends on the data and news from stress tests ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #458
  • Jul 15, 2011 5:50am Jul 15, 2011 5:50am
Quoting mercy seat
Firstly ... there will be some issues on "STRESS TESTS" today ...

And this will have more impact than any other ECO-DATA today ...



;-|
Yeah around 6pm GMT, perfect szenario for me would be a strong move down to 1,42125 (or further) and a strong reversal up for a short squeeze. Letīs see how this develope.
  • #459
  • Jul 15, 2011 5:54am Jul 15, 2011 5:54am
From market rythm prospective side ... it says the following ...

First up ... then down ...

A sell the rallies stance ...

But we have to wait for the news to come ...

Point of time is not the best to take a fresh trade now ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460
  • Jul 15, 2011 5:57am Jul 15, 2011 5:57am
Quoting FX-Ray
Level around 1,4125 catched my attention. Maybe you can adjust it with your state of affairs.
4100 is being defended, but it has been wounded. 4125 is the first support above 4100 round number support.

Projection even goes to 4030
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