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  • #566,461
  • Nov 27, 2011 4:55pm Nov 27, 2011 4:55pm
Quoting Jawadnimri
hi are you the same one who opened a thread on babypips? it was very helpful.

Not me dude.
  • #566,462
  • Nov 27, 2011 4:56pm Nov 27, 2011 4:56pm
Quoting chad
i'm not saying u're wrong, but... on weekends, market moved by news.. there is no bounce off / breakout during weekends, as monday opens, people react to the news pretty much.
I think my trade style is similar with systemfx 2011 and yes we are here to help each other and not to argue . I might learned a lot from you.
  • #566,463
  • Nov 27, 2011 4:57pm Nov 27, 2011 4:57pm
Quoting SystemFX2011
100?

I've got 76.9 pips to fill the gap.

And I have none, what the feck you going to do now????? Which gap you going to trade, the crappiest broker here you can find or the one that isn't there on a proper pricefeed, one that all the big boys see??????????

I know most of you guys make sh!t up as you go along, but this gap thing really does take the mickey.

Like I said earlier, find a broker that only opens on Wednesday and you will have one hell of a gap to trade then kiddo.
  • #566,464
  • Nov 27, 2011 5:00pm Nov 27, 2011 5:00pm
Quoting SystemFX2011
$50 million per pip

$3,845,000,000 <--- how's that for some big ass wedge

Yep, it takes about $50 million to move the market 1 pip.
where you got that information? it really takes 50 milions to make the market move for 1 pip ?
  • #566,465
  • Nov 27, 2011 5:01pm Nov 27, 2011 5:01pm
Quoting SystemFX2011
Not at all, it doesn't matter how big the gap is, it ALWAYS has to be filled... however the question is "when" will it be filled.

It may not be filled today, though when London opens we may see the attempt to go lower... once it breaks 1.32116... I feel that the Daily Support 2 line at 1.31234 will be seen;; then some consolidation and some base line rallies will start to build up more orders to ride back up again as it's been some time since this level for the supply has been reached.
hmm.. my definition for 'gap being filled' is right after market opens, in 2 hours or so the gap is filled. so in this case, we make money by entering a position right at the market open and hit the previous close, in about 2 hours time.

As for this week movement, i pretty sure there will be a new low, about 1.3150. and then driving up from there. should we take a short now ??
  • #566,466
  • Nov 27, 2011 5:02pm Nov 27, 2011 5:02pm
Little testing here today.
Do your time and enjoy the ride...
  • #566,467
  • Nov 27, 2011 5:03pm Nov 27, 2011 5:03pm
Quoting cloggie
Why would you even want to trade something that only you and a few dozen other muppets with 20 dollar accounts can see.

I have never seen a gap in 20 years in this business. Only idiot retail brokers give a gap, WTF is that, why would you trade something that none of the big boys will ever see is beyond me


IF you really wanted to short this, why didn't you short this 2 hours ago when it was at 3340? Ah of course your crap broker never showed you 3340......


Keep on following the muppets, 90% of them will never make any money and as...

I asked you this question so many time but you never answer : Who is your broker ? All the broker I Know open 1 hour later than when the market usually open
  • #566,468
  • Nov 27, 2011 5:04pm Nov 27, 2011 5:04pm
Quoting chad
hmm.. my definition for 'gap being filled' is right after market opens, in 2 hours or so the gap is filled. so in this case, we make money by entering a position right at the market open and hit the previous close, in about 2 hours time.

As for this week movement, i pretty sure there will be a new low, about 1.3150. and then driving up from there. should we take a short now ??

2 hours from what? My broker never closed, plenty of retail brokers open with the Kiwis a few hours ago, so what 2 hours are you going to use, the crappiest broker you can find? And what does that mean then, Interbank has been open all day, what does the opening of your retail broker have to do with the markets, absolutely nothing. Israel trades all day on a Sunday, currencies included, you going to use their open as your 2 hour mark?

Using some silly retail broker as a standard to "market open" just shows your inexperience as a trader. The market doesn't close, only your broker does.
  • #566,469
  • Nov 27, 2011 5:05pm Nov 27, 2011 5:05pm
Quoting chad
hmm.. my definition for 'gap being filled' is right after market opens, in 2 hours or so the gap is filled. so in this case, we make money by entering a position right at the market open and hit the previous close, in about 2 hours time.

As for this week movement, i pretty sure there will be a new low, about 1.3150. and then driving up from there. should we take a short now ??

I think what he means about the gap - is that the FX market does not stop unlike other markets even though it slows down over the weekend. Most retail broker feeds come online hours after (even some accessible feeds for us) begin posting price quotes early Sunday afternoon. There is no gap in reality as prices have been trading all along... Good info btw... My two cents.....Oh well beat me to it... lol edit
Do your time and enjoy the ride...
  • #566,470
  • Nov 27, 2011 5:06pm Nov 27, 2011 5:06pm
Quoting hindustani
i forecast eur opening at 1.3320 this week

a HUGE gap up !!!






this price comes from xe.com


.
missed some gap, crazy gap opening
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  • #566,471
  • Nov 27, 2011 5:09pm Nov 27, 2011 5:09pm
Quoting Good Fortune
Little testing here today.

Yup, the level of total ignorance and inexperience is staggering here tonight.
  • #566,472
  • Nov 27, 2011 5:09pm Nov 27, 2011 5:09pm
Quoting Link
where you got that information? it really takes 50 milions to make the market move for 1 pip ?

That depends on what time youre trading...

this morning it was pretty good...30-40 mill a pip... (Dont get used to it though).
  • #566,473
  • Nov 27, 2011 5:11pm Nov 27, 2011 5:11pm
NetDania see the gap 1hr before the retail market even opened.

Quoting cloggie
Why would you even want to trade something that only you and a few dozen other muppets with 20 dollar accounts can see.


IF you really wanted to short this, why didn't you short this 2 hours ago when it was at 3340? Ah of course your crap broker never showed you 3340......
I tell you what bud... rather than insulting everyone all the time... why not guide people over to the Netdania website so they can get the extra edge

I'm sure its better to be constructive, rather than telling everyone has someone elses hand up their butt.

http://www.netdania.com/Products/liv...a&name=EUR/USD
  • #566,474
  • Nov 27, 2011 5:12pm Nov 27, 2011 5:12pm
Quoting cloggie
Yop, the level of total ignorance and inexperience is staggering here tonight.

I know but it is so great when a plan comes together....
Do your time and enjoy the ride...
  • #566,475
  • Nov 27, 2011 5:13pm Nov 27, 2011 5:13pm
Quoting SystemFX2011
NetDania see the gap 1hr before the retail market even opened.



I tell you what bud... rather than insulting everyone all the time... why not guide people over to the Netdania website so they can get the extra edge

I'm sure its better to be constructive, rather than telling everyone has someone elses hand up their butt.

http://www.netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChartPopUp.aspx?symbol=EURUSD|netdania_fxa&name=EUR/USD...
Still retail cr@p, WTF would I want to look at something that only a few 12 year olds with 10 dollar accounts look at???????
  • #566,476
  • Nov 27, 2011 5:15pm Nov 27, 2011 5:15pm
Quoting korio2008
missed some gap, crazy gap opening

It is lunch time in New Zealand right now, you really think they only started trading 45 minutes ago? You reckon they do bugger all for the first 4-5 hours of the day and wait for you silly retailers to come online??????
  • #566,477
  • Nov 27, 2011 5:17pm Nov 27, 2011 5:17pm
ICAP - Drachma testing

http://www.ft.com/cms/s/0/6b0fc088-1...#axzz1ex04fZjV


I actually have some drachma in a glass in the kitchen...
  • #566,478
  • Nov 27, 2011 5:18pm Nov 27, 2011 5:18pm
it doesn't work like that... there is no time frame when the gaps get filled. just run some back tests and you'll see some get filled straight away, and some don't; they get filled some 8-24hrs later... but from my experience it depends on how big the gap was, smaller gaps like 20 pip ranges always get filled more or less within an hour or two...

though as Cloggie mentions earlier, you would of been better off shorting at the high of 1.3340, if had you known this before hand by using the netdania website since retail brokers wont let you know, so you could of been prepared before hand for a short scalp...

but if you sorted this now, you're behind; this looks like its going to head towards the wkly pivot first around 1.33337, if it breaks, Daily Resistance 2 line at 1.34039 could be tested before this gap is filled.

Quoting chad
hmm.. my definition for 'gap being filled' is right after market opens, in 2 hours or so the gap is filled. so in this case, we make money by entering a position right at the market open and hit the previous close, in about 2 hours time.

As for this week movement, i pretty sure there will be a new low, about 1.3150. and then driving up from there. should we take a short now ??
  • #566,479
  • Nov 27, 2011 5:19pm Nov 27, 2011 5:19pm
Quoting SystemFX2011

I'm sure its better to be constructive, rather than telling everyone has someone elses hand up their butt.

They all got their own head up their @Rse, you really think there is room left for someone elses hand? It is worse then I thought.
  • #566,480
  • Nov 27, 2011 5:21pm Nov 27, 2011 5:21pm
Quoting cloggie
And I have none, what the feck you going to do now????? Which gap you going to trade, the crappiest broker here you can find or the one that isn't there on a proper pricefeed, one that all the big boys see??????????
heehee... I already trade what the big boys see, thank you

Quoting cloggie
I know most of you guys make sh!t up as you go along, but this gap thing really does take the mickey.
I aint making any BS up! Don't put me in that class thanks, Cloggie


Quoting cloggie
Like I said earlier, find a broker that only opens on Wednesday and you will have one hell of a gap to trade then kiddo.
Who you calling Kiddo... I'm 40 yrs old

I wasn't asking you for advice.... I know what I'm doing thank you... I already receive Bank Data thanks with 0 pip spreads!

May the Muppets give you more strength and the pips be with you

Do good stuff

Steve
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