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EURUSD

  • #584,121
  • Jan 15, 2012 2:48pm Jan 15, 2012 2:48pm
Quoting Chanya
Market is about to open in a few ... Lets see if 1.2663 holds !!!
holds as support or as resistance LOL?? We are at 2644 pre-open.
  • #584,122
  • Jan 15, 2012 2:52pm Jan 15, 2012 2:52pm
Quoting Chanya
Market is about to open in a few ... Lets see if 1.2663 holds !!!

It's break down already around 1.2640
  • #584,123
  • Jan 15, 2012 2:59pm Jan 15, 2012 2:59pm
EU opening @ 1.26322(OANDA)
RM
  • #584,124
  • Jan 15, 2012 3:17pm Jan 15, 2012 3:17pm
Quoting muhdhafiz
EU opening @ 1.26322(OANDA)
XE is showing 1.2633
  • #584,125
  • Jan 15, 2012 3:40pm Jan 15, 2012 3:40pm
Quoting MitchWorse
nope...i say that the market continues during the weekend...so there is no gap.

only your broker stops and starts.
right.

and since most of us are on platforms that close Friday at 4pm/5pm EST and dont open until Sunday afternoon at 5pm or so we get the gaps.

So because of the EU situation, I played the broker Gap open on Friday by holding short over the weekend.
  • #584,126
  • Jan 15, 2012 3:42pm Jan 15, 2012 3:42pm
Quoting Mr.MaginCole
holds as support or as resistance LOL?? We are at 2644 pre-open.
When I wrote that , XE was still showing 1.2670,,,
Human
  • #584,127
  • Jan 15, 2012 3:46pm Jan 15, 2012 3:46pm
Quoting Chanya
When I wrote that , XE was still showing 1.2670,,,
Don't know if it means anything but my broker closed at 1.2678 and opened at 1.2634
  • #584,128
  • Jan 15, 2012 4:10pm Jan 15, 2012 4:10pm
some people saying market never close , but i have never seen realistic feed on before broker opening , oanda allow to trade during weekend based on Friday close + high spread
Mohan
  • #584,129
  • Jan 15, 2012 4:17pm Jan 15, 2012 4:17pm
KillerWhale,

my broker opened @ 2633, i am qualify for award ?

Quoting mohan76
i think it going to be between 2630 and 2650

bwn : any award for prediction ?

-
Mohan
  • #584,130
  • Jan 15, 2012 4:19pm Jan 15, 2012 4:19pm
Quoting mohan76
some people saying market never close , but i have never seen realistic feed on before broker opening , oanda allow to trade during weekend based on Friday close + high spread
Who can be soo impatient to trade that he / she is willing to pay high spreads in order to trade mostly dead market ???
Human
  • #584,131
  • Jan 15, 2012 4:22pm Jan 15, 2012 4:22pm
I left my short open over the weekend and just closed it at 1.2640. It got closed at Friday's close which was 1.2677 on my broker's platform. Anyone know why that would have happened to me? Spread was only 3 pips.
  • #584,132
  • Jan 15, 2012 4:26pm Jan 15, 2012 4:26pm
Quoting aarontdang
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
As soon as you start hoping, its time to cut the loss and move on.
  • #584,133
  • Jan 15, 2012 4:28pm Jan 15, 2012 4:28pm
Quoting Chanya
Who can be soo impatient to trade that he / she is willing to pay high spreads in order to trade mostly dead market ???
actually i have made 80 pip on long (macro lot) took on USA downgrade weekend intention was testing weekend trade, they don't allow you to set tp or sl on weekend. i would not recommend to trade on weekend, not worth for spoiling weekend
Mohan
  • #584,134
  • Jan 15, 2012 4:28pm Jan 15, 2012 4:28pm
Quoting Chanya
Who can be soo impatient to trade that he / she is willing to pay high spreads in order to trade mostly dead market ???
Almost everyone here..
  • #584,135
  • Jan 15, 2012 4:30pm Jan 15, 2012 4:30pm
Quoting mohan76
KillerWhale,

my broker opened @ 2633, i am qualify for award ?
Let's be fair, yes you qualify.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #584,136
  • Jan 15, 2012 4:30pm Jan 15, 2012 4:30pm
Quoting melvyn
I left my short open over the weekend and just closed it at 1.2640. It got closed at Friday's close which was 1.2677 on my broker's platform. Anyone know why that would have happened to me? Spread was only 3 pips.
Did you choose the carry trade over the weekend option on your deal ?
Human
  • #584,137
  • Jan 15, 2012 4:35pm Jan 15, 2012 4:35pm
Quoting Chanya
Did you choose the carry trade over the weekend option on your deal ?
Ok, call me stupid. I've had open orders over the weekend many times with this broker and never knew I had to specify this, but never had this happen before.
  • #584,138
  • Jan 15, 2012 4:36pm Jan 15, 2012 4:36pm
Quoting Chanya
Who can be soo impatient to trade that he / she is willing to pay high spreads in order to trade mostly dead market ???
Who cares about high spread, when you pay 10 pip spread, its okay as long as you get at least 11 pip out of it. Maybe you won't have that chance when you wait till the spread is down.
This is often true when you plan on filling a GAP.

I went long a few hours ago @ 1.2635 for 7 pip spread. And I'm quite certain that it will pay off.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #584,139
  • Jan 15, 2012 4:39pm Jan 15, 2012 4:39pm
Spread is only a concern for scalpers and short-sighted idiots.

It's like worrying about a chipped nail when you've got a broken arm to deal with.

If you can consistently make large profits from your trades, then the spread you're paying is negligible.

On the other hand, if you're destined to suck and fail in the end anyway, then the spread is the least of your worries.
  • #584,140
  • Jan 15, 2012 4:44pm Jan 15, 2012 4:44pm
Quoting kibescorp
Spread is only a concern for scalpers and short-sighted idiots.

It's like worrying about a chipped nail when you've got a broken arm to deal with.

If you can consistently make large profits from your trades, then the spread you're paying is negligible.

On the other hand, if you're destined to suck and fail in the end anyway, then the spread is the least of your worries.
Depends on how they trade, spread can be a main concern. Especially in r:r department.
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