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  • #573,361
  • Dec 12, 2011 6:10am Dec 12, 2011 6:10am
Cloggie, please you went to sleep on Sunday so we havent finished our discussion. Well, its just me, I had one last question. So I am posting it again here, as I see you are online. It was about liquidity on weekends.

Quoting Tom_D_Trader
Dunno. It is hard to digest it due
Dunno. It is hard to digest it due to the nature of OTC market. But I thought main providers of liquidity are banks who trade during NY. And NY is shut down, not only retailers. Sydney is shut down, London is shut down. I know there is something happening and banks are trading all the time, but I thought liquidity is much much lower on weekends. Lets say 10%. So traders have some time to digest what has happened during previous week. And price wont run away.

edit: Damn, gap enemy is gone. I need to catch him up during week. Anyone else here dares to guess difference in liquidity between regular trading week and weekend?

T
"I know one thing, that I know nothing." Sokrates
  • #573,362
  • Dec 12, 2011 6:15am Dec 12, 2011 6:15am
Quoting Tom_D_Trader
Cloggie, please you went to sleep on Sunday so we havent finished our discussion. Well, its just me, I had one last question. So I am posting it again here, as I see you are online. It was about liquidity on weekends.



Dunno. It is hard to digest it due to the nature of OTC market. But I thought main providers of liquidity are banks who trade during NY. And NY is shut down, not only retailers. Sydney is shut down, London is shut down. I know there is something happening and banks are trading all the time, but I thought liquidity is much...
Liquidity in weekends is absolutely crap, it can sit within 1 pip for hours on end. BTW, the biggest liquidity is not NY, it is London.
  • #573,363
  • Dec 12, 2011 6:16am Dec 12, 2011 6:16am
Quoting FXMastermind
...you really think that 10 bucks would help?
apparently with ma broker the margin requiremnet for 0.01 lot aka 1 micro lot is $10.

therefore he has one chance at redemption if he gets it right. but alone $10 to trade 0.01 lot is actually 1:100 leverage.
Have I got something on my face, SOLDIER?
  • #573,364
  • Dec 12, 2011 6:17am Dec 12, 2011 6:17am
Quoting FXMastermind
...you really think that 10 bucks would help?
what do you mean? surely a couple of hundred bux and the help of turveyd will create a force unknown to the world of trading. together they will form.... increditurd.
Congratulations ScalaFX for coming out of the closet!
  • #573,365
  • Dec 12, 2011 6:17am Dec 12, 2011 6:17am
Quoting MaxDoom
that's enough time bored now, off for coffee
awww doom, man, you give me a chuckle every time
If you are new to Forex? Say Goodbye to your account!!
  • #573,366
  • Dec 12, 2011 6:17am Dec 12, 2011 6:17am
Quoting nubcake
what do you mean? surely a couple of hundred bux and the help of turveyd will create a force unknown to the world of trading. together they will form.... increditurd.
Yup, Turvey gets an easy 30% a day, he can turn that into a trillion in about 6 months and will be able to buy Italy within a year.
  • #573,367
  • Dec 12, 2011 6:20am Dec 12, 2011 6:20am
I'm considering to reload short from 1.3285-90.
  • #573,368
  • Dec 12, 2011 6:25am Dec 12, 2011 6:25am
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The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #573,369
  • Dec 12, 2011 6:26am Dec 12, 2011 6:26am
Quoting cloggie
Liquidity in weekends is absolutely crap, it can sit within 1 pip for hours on end. BTW, the biggest liquidity is not NY, it is London.
Well that was kinda my point. Although "gap" phenomenon is a nonscence, due to the lack of liqidity, difference between Friday NY close and Monday Sydney open creates somewhat what in retail circles is known as "gap". And although it is not a gap in fact, it is a signal how investors digested fundamental and technical indicators during weekend.

According to this assumption, "gap" wouldnt close but should somewhat provide direction for a day or so.

I mean, right now investors had time to digest that Summit was fail so they have already started to sell on weekend, even with low liquidity. Retailers see this as a gap down, but in fact it just shows investors decision during weekend and therefore price should/could be falling whole day.

T
"I know one thing, that I know nothing." Sokrates
  • #573,370
  • Dec 12, 2011 6:26am Dec 12, 2011 6:26am
cloggie if u dont have real account,then u can also put your demo account,i will consider it.

atleast we will know that u can even put a trade in market

BRB
Trade responsiblypatience is the key/Swing trader
  • #573,371
  • Dec 12, 2011 6:28am Dec 12, 2011 6:28am
Quoting Incrediblle
cloggie if u dont have real account,...
Man you are great! I have been reading fundamentals whole morning and my head is overfilled, so I came here to relax. You always make me smile and thanks for that. Please continue posting.

T
"I know one thing, that I know nothing." Sokrates
  • #573,372
  • Dec 12, 2011 6:30am Dec 12, 2011 6:30am
Quoting samdani786
Hey Samdani

We on same page, even close entry, what your though on that ltl, I think longer she is keep bounce, better I look, is 5th touch all others were pretty violent rejections, might be a sucker punch in play?
If you are new to Forex? Say Goodbye to your account!!
  • #573,373
  • Dec 12, 2011 6:35am Dec 12, 2011 6:35am
Quoting Incrediblle
cloggie if u dont have real account,then u can also put your demo account,i will consider it.

atleast we will know that u can even put a trade in market

BRB
http://www.forexfactory.com/showthre...59#post5215059

beat me first.

save the humiliation of being kicked by 14 year old. let alone by cloggie... could be catastrophic
ure down -33% . im up +1%.

so incredible what is ur analysis? are any of good use? if yes why arent they reaping profits?

cloggie spends his time helping in FA, and what r u doing?

"channel trading forever"?
channel trading forever in loss?


why do u need competition? compete with me "stage 1 of the game" before cloggie the boss at level 100
Have I got something on my face, SOLDIER?
  • #573,374
  • Dec 12, 2011 6:35am Dec 12, 2011 6:35am
Quoting 21vs7
7 hours of falling coming next?

60 is a bijatch.

Well, already fell 100 pipers today...Italy getting hammered. Unless ECB is stepping in, we gonna see interesting NY to run her down to oblivion!

As said-monday sgonna be a biatch! DAX started to show something for the bulls. Still under important levels.

European Lehman anywhere yet?

later
OK, shje still have 30 min to please me here. Cmon!!

Why dont you fall already here to so that can I present you adding scenariou heere!
A suckers play perhaps here, are we?

Edit: lunch was fine!
  • #573,375
  • Dec 12, 2011 6:37am Dec 12, 2011 6:37am
EU smelly finger club wanna hope UCHF cools off a bit ...
  • #573,376
  • Dec 12, 2011 6:38am Dec 12, 2011 6:38am
we.re at the bottom of a channel......but within ~60 pips the day trend line is comming into play.... might be good place for a long, it should bounce off nicely
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  • #573,377
  • Dec 12, 2011 6:40am Dec 12, 2011 6:40am
Quoting KiwiTrada
Hey Samdani

We on same page, even close entry, what your though on that ltl, I think longer she is keep bounce, better I look, is 5th touch all others were pretty violent rejections, might be a sucker punch in play?
Hey Bro wassup ? I closed 80% @ the TL and weekly low of 03-21-10 which is 3266. Even if we need to go down, we might get a little bounce here so lets see.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #573,378
  • Dec 12, 2011 6:42am Dec 12, 2011 6:42am
Incrediblle it seems to me you are about to get your as$ kicked by a 14 year old. That wont look good in your Trader CV.

T
"I know one thing, that I know nothing." Sokrates
  • #573,379
  • Dec 12, 2011 6:43am Dec 12, 2011 6:43am
Quoting 21vs7
OK, shje still have 30 min to please me here. Cmon!!

Why dont you fall already here to so that can I present you adding scenariou heere!
A suckers play perhaps here, are we?

Edit: lunch was fine!
3290 first and then WOOHOO! 3210
  • #573,380
  • Dec 12, 2011 6:44am Dec 12, 2011 6:44am
Quoting MaxDoom
that's enough time bored now, off for coffee

I stop selling for a quick break and it drifts up...

I really didn't think I had that much impact
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