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EURUSD

  • #513,681
  • Aug 7, 2011 4:17pm Aug 7, 2011 4:17pm
interesting place to open..
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  • #513,682
  • Aug 7, 2011 4:18pm Aug 7, 2011 4:18pm
Quoting Venice
Price is always constantly moving from the imbalance of supply > demand and demand > supply. It has nothing to do with gaps or missed orders.

Sometimes an area is retested, other times it's not.

When you trade an instrument that is mean reverting (read: currencies); it's only logical that price whether 'gapped' or not, is going to be revisited many times over.
Cheers.

Was just curious as I've noticed that price sometimes goes back to these areas only to fly back again in it's previous direction. Also read Pring who uses these as s/r levels.
  • #513,683
  • Aug 7, 2011 4:19pm Aug 7, 2011 4:19pm
Quoting walb99
what kind of chart / price feed is this?
It's nothing special. That's just an Excel chart which runs in tandem with some API software that handles quote/trade traffic. You can see the same thing as well or better on your charts of Friday's price action.
  • #513,684
  • Aug 7, 2011 4:19pm Aug 7, 2011 4:19pm
This is what I have got. This level will be a bechmark for days to come.

On sidelines.
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The Thief of Wall Street
  • #513,685
  • Aug 7, 2011 4:21pm Aug 7, 2011 4:21pm
Quoting Becel
Cloggie, forget it I cashed out my longs and shorted at 144171. This is a critical level. I'm going for broke on this. This the best trading opportunity that I have seen in a long time. 20 point stop loss, potential profit is huge.
I can understand this..good risk reward
  • #513,686
  • Aug 7, 2011 4:21pm Aug 7, 2011 4:21pm
Quoting -nate-dogg-
Cheers.

Was just curious as I've noticed that price sometimes goes back to these areas only to fly back again in it's previous direction. Also read Pring who uses these as s/r levels.

Just think about it, why would you want to use something that only a few retailers with 20 dollar accounts can see and none of the big boys can.
  • #513,687
  • Aug 7, 2011 4:24pm Aug 7, 2011 4:24pm
The ECB decision to buy Italian and Spanish bonds is just another step to suppress the symptoms rather than curing the patient.

http://www.reuters.com/article/2011/...7762PE20110807
  • #513,688
  • Aug 7, 2011 4:24pm Aug 7, 2011 4:24pm
Quoting PipDizzle
100+ pip GAP, Very Niceeee, haven't seen 1 of these in a while....
Where is the gap? I can't see one.

http://www.xe.com/currencycharts/?fr...to=USD&view=1W
Note: they have a nice iPhone app too.
  • #513,689
  • Aug 7, 2011 4:24pm Aug 7, 2011 4:24pm
Quoting Chicky
This is what I have got. This level will be a bechmark for days to come.

On sidelines.
here is mine..

[Chart]
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  • #513,690
  • Aug 7, 2011 4:25pm Aug 7, 2011 4:25pm
FIGHT NIGHT!!!!! Any better words to replace these two??
  • #513,691
  • Aug 7, 2011 4:25pm Aug 7, 2011 4:25pm
can we stop talking about gaps please dudes, enough has been said about them
  • #513,692
  • Aug 7, 2011 4:26pm Aug 7, 2011 4:26pm
Quoting Chicky
This is what I have got. This level will be a bechmark for days to come.

On sidelines.
Lol Sidelines, is that why I see the price action on your chart, in stead of only lines?
So you put all your lines aside?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #513,693
  • Aug 7, 2011 4:26pm Aug 7, 2011 4:26pm
Quoting Becel
Cloggie, forget it I cashed out my longs and shorted at 144171. This is a critical level. I'm going for broke on this. This the best trading opportunity that I have seen in a long time. 20 point stop loss, potential profit is huge.
A modest suggestion: in a period of time when ECN quotes are still spreading 3 at times, and size is appearing in waves, maybe 20 is kind of a tight stop loss? And if you feel it is not, maybe it'd be better to stand down for a little while? History, schmistory. It all comes down to volatility...
  • #513,694
  • Aug 7, 2011 4:29pm Aug 7, 2011 4:29pm
Quoting -nate-dogg-
Cheers.

Was just curious as I've noticed that price sometimes goes back to these areas only to fly back again in it's previous direction. Also read Pring who uses these as s/r levels.
liquidity pockets exist indeed... if you want to call them liquidity gaps whatever.

if there are a bunch of buy orders and no sell orders to fill them there is a pocket and it will gap next batch of sell orders to fill, no dealer is going to take the risk and they will offset there quotes. Now it is done electronically with algo's so if there is massive buy orders hitting, they automatically pull the offers in between and it will "gap". Prices can move with no trading whatsoever because of this reason and that is definitely a gap.

maybe a bad explanation but read up in micro-structure of the FX market.
  • #513,695
  • Aug 7, 2011 4:30pm Aug 7, 2011 4:30pm
Quoting cloggie
Just think about it, why would you want to use something that only a few retailers with 20 dollar accounts can see and none of the big boys can.

Yeah I see where your coming from, ta.
  • #513,696
  • Aug 7, 2011 4:31pm Aug 7, 2011 4:31pm
O M G

Quote
2011.08.07 22:43:55 'xxxxxxx': DataCenter connecting failed [2

Why this nite?

  • #513,697
  • Aug 7, 2011 4:31pm Aug 7, 2011 4:31pm
This is gunna be a whole fucking week of, "I told you so"...



And please...For the love of Gawd...somebody open a Fucking "GAP" thread already so we don't have to see this bullshit every week...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #513,698
  • Aug 7, 2011 4:32pm Aug 7, 2011 4:32pm
Quoting Piters
here is mine..

[Chart]
It will go to ur blue line @4210
That what i c on my own chart and could b wrong
C U There
  • #513,699
  • Aug 7, 2011 4:32pm Aug 7, 2011 4:32pm
Quoting Mr.MaginCole
FIGHT NIGHT!!!!! Any better words to replace these two??
Let mr think.....
F@ck night?

Seb
  • #513,700
  • Aug 7, 2011 4:33pm Aug 7, 2011 4:33pm
Quoting OldQuant
A modest suggestion: in a period of time when ECN quotes are still spreading 3 at times, and size is appearing in waves, maybe 20 is kind of a tight stop loss? And if you feel it is not, maybe it'd be better to stand down for a little while? History, schmistory. It all comes down to volatility...
I second that.

Seb
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