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  • #584,101
  • Jan 15, 2012 10:15am Jan 15, 2012 10:15am
Quoting Chicky
What news?
News about your divorce.
  • #584,102
  • Jan 15, 2012 10:21am Jan 15, 2012 10:21am
Quoting aarontdang
There is always a gap on Sunday ....
No matter what you said!!!!
It's just that your broker doesn't allow you to trade.
Doesn't other do the same ....
I'm expecting to make some $$$ during the gap...
I just bought some EUR/USD @ 1.26568 Just half lot...

I wish you luck with your quest. My brokers are direct to the market so I cannot trade unless the interbanks are open for business. Not that I would anyway.

so what spread did you pay to open your long position?
  • #584,103
  • Jan 15, 2012 10:22am Jan 15, 2012 10:22am
Quoting pkimnyc
News about your divorce.
Divorces................................Mass Dirvorces.
The Thief of Wall Street
  • #584,104
  • Edited 10:40am Jan 15, 2012 10:29am | Edited 10:40am
Quoting MaxDoom
I wish you luck with your quest. My brokers are direct to the market so I cannot trade unless the interbanks are open for business. Not that I would anyway.

so what spread did you pay to open your long position?

Why would you worry about the spread ???
When you know you will get profits within 24 hrs?
If I don't get profits, most likely all the trade who hold
long positions will go down with me ... but at least
i'm about from 20-40 PIPS better

I'll buy heavily with the gap down 1.2640 and TP @ 1.267
  • #584,105
  • Jan 15, 2012 10:46am Jan 15, 2012 10:46am
Quoting aarontdang
Why would you worry about the spread ???
When you know you will get profits within 24 hrs?

I like that I didn't know that Oanada guaranteed a profit I shall open an account tomorrow.
  • #584,106
  • Jan 15, 2012 10:48am Jan 15, 2012 10:48am
Quoting Kingshaz
Might sound silly being a newbie, what do you mean by gap????
The gap is the difference between the price action at the close of the market and at the following open. Usually there is anywhere from a ~5 to ~25 pip spread. In unusual cases, it can be much higher. If you are heavily positioned it may be good to close out until the open. The gap usually closes as the day progresses.

Oanda is one of a handful of brokers that allow trading during the close of the market. You will be paying premium prices (huge spread) for these trades however.

Hope that helps.
Taigen Profit This Month: na
  • #584,107
  • Jan 15, 2012 10:51am Jan 15, 2012 10:51am
Quoting Chicky
Divorces................................Mass Dirvorces.
Do you do that complete with lawyers and alimony's or do you give "give them the bird"?
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  • #584,108
  • Jan 15, 2012 10:58am Jan 15, 2012 10:58am
Quoting MaxDoom
I like that I didn't know that Oanada guaranteed a profit I shall open an account tomorrow.

MaxDoom ... tell me what's ur broker prices when they close @ 5 PM on Friday and when they open ... if they are the same prices ???
If not, then that's the gap ... Oanda prices usually goes up or down anywhere from 30 to 80 PIPS before the market open on Sundays.
Once the market open, Oanda prices will get close to where it close on Friday @ 5 PM ..... hope that help
  • #584,109
  • Jan 15, 2012 11:03am Jan 15, 2012 11:03am
Quoting aarontdang
MaxDoom ... tell me what's ur broker prices when they close @ 5 PM on Friday and when they open ... if they are the same prices ???
If not, then that's the gap ... Oanda prices usually goes up or down anywhere from 30 to 80 PIPS before the market open on Sundays.
Once the market open, Oanda prices will get close to where it close on Friday @ 5 PM ..... hope that help
Recently it took 3 weeks to close the gap
New voice message: Why are you calling me? If I need you, I'll call you!
  • #584,110
  • Jan 15, 2012 11:04am Jan 15, 2012 11:04am
Quoting aarontdang
MaxDoom ... tell me what's ur broker prices when they close @ 5 PM on Friday and when they open ... if they are the same prices ???
If not, then that's the gap ... Oanda prices usually goes up or down anywhere from 30 to 80 PIPS before the market open on Sundays.
Once the market open, Oanda prices will get close to where it close on Friday @ 5 PM ..... hope that help

oh boy, I fully understand what a gap is thanks.

Question is are you trading a gap that really exists seeing how the real markets are not open yet and so you are simply trading against Oanda at this time, hence the bigger spread they are charging you for the pleasure of trading a ZERO liquidity market.

enjoy your gap
  • #584,111
  • Edited 11:21am Jan 15, 2012 11:07am | Edited 11:21am
pressure continued down in eu also & can be massive over great tl at down though & so good ranges to break even tl possible .
Now immediate limit for bear remain 2761 still & if got the heart do it for the next fall tl 2535 & or tl 2500. anyway no real tl hit before eu .
fall to bottom or nearer to try further up for correction till limit before the move down if not crushed so early at hit bottom & continue down direct , possible .
lets see .
fontu

gu , early crush as suspected possible as per gu but yet not believe this miracle over-reaction infaviur , so so better will wait fir frankie & london crush to enter market for it .
http://www.forexfactory.com/showthre...47#post5296347
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #584,112
  • Jan 15, 2012 11:23am Jan 15, 2012 11:23am
I do miss Cloggie @ sunday night

Only centralized markets can gap...

This baby doesn't close, so it won't open. No gap, just your broker.
  • #584,113
  • Jan 15, 2012 11:27am Jan 15, 2012 11:27am
Quoting MitchWorse
I do miss Cloggie @ sunday night

Only centralized markets can gap...

This baby doesn't close, so it won't open. No gap, just your broker.

So you meant that when the market open on Sunday is the same prices as on Friday close ??????
Current prices on FXstreet.com is 1.2648 now
  • #584,114
  • Jan 15, 2012 11:31am Jan 15, 2012 11:31am
Quoting aarontdang
So you meant that when the market open on Sunday is the same prices as on Friday close ??????
Current prices on FXstreet.com is 1.2648 now
nope...i say that the market continues during the weekend...so there is no gap.

only your broker stops and starts.
  • #584,115
  • Jan 15, 2012 11:31am Jan 15, 2012 11:31am
Gap trading is not really price action trading...is it?
  • #584,116
  • Edited 11:45am Jan 15, 2012 11:35am | Edited 11:45am
Quoting aarontdang
So you meant that when the market open on Sunday is the same prices as on Friday close ??????
Current prices on FXstreet.com is 1.2648 now

The interbanks close Friday 10pm to Sunday 10pm GMT as I know it.

So sometimes a gap is generated and hey maybe today will be one.

But that is not the gap that you are trading because Oanda and a few other borkers try to guess what the prices will be when the interbanks start up on Sunday night and create their own market off-hours basically.

Whatever price they are at when the interbanks open they will adjust to the interbank price at open. They will have made the larger spread that they have charged for off market trading and may have some +/- on the positions as well. But no doubt they used some clever advanced hedging with futures and/or options prior to the weekend based on usual off-hours trading pattern and to ensure they make money on the positions as well.

Pretty sure that how it all works chap.

Just looked it up to be sure and the interbank works 8:15pm Sunday to 10pm Friday GMT so any trading done before 8:15pm is the off-market scenario.
  • #584,117
  • Jan 15, 2012 11:42am Jan 15, 2012 11:42am
Quoting MaxDoom
The interbanks close Friday 10pm to Sunday 10pm GMT as I know it.

So sometimes a gap is generated and hey maybe today will be one.

But that is not the gap that you are trading because Oanda and a few other borkers try to guess what the prices will be when the interbanks start up on Sunday night and create their own market off-hours basically.

Whatever price they are at when the interbanks open they will adjust to the interbank price at open. They will have made the larger spread that they have charged for off market trading and may have...

Anyway, I'm currently down about 40-50 PIPS on multiple positions.
I'm hoping it will get back to 1.2675 around 6 PM EST
  • #584,118
  • Jan 15, 2012 12:33pm Jan 15, 2012 12:33pm
Market is about to open in a few ... Lets see if 1.2663 holds !!!
Human
  • #584,119
  • Jan 15, 2012 12:46pm Jan 15, 2012 12:46pm
Wish you all green pips.
  • #584,120
  • Edited 12:59pm Jan 15, 2012 12:47pm | Edited 12:59pm
Quoting KillerWhale
Do you do that complete with lawyers and alimony's or do you give "give them the bird"?
My lawyer usually includes a special consideration clause in my marriage contracts. After a little haggling, my would be wives normally agree to a decent amount of consideration per day calculated from the first day of the marriage until the day of divorce (both days inclusive), payable within 24 hours of them getting a divorce. However, they are not entitled to such consideration, in full or part, if such divorce is an outcome of any act of betrayal. If that betrayal results in any earnings, I am entitled to forfeit entire such earning. However, as a courtesy to the mankind in general and women in particular, I let them keep the personal possessions acquired after the marriage and before the divorce.
The Thief of Wall Street
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