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  • #631,821
  • Apr 24, 2012 4:07am Apr 24, 2012 4:07am
Quoting JollyJoker
I agree with you but their is a good deal of literature on gap trading....
As far as trading goes, its perception that drive market and not reality..
If people believe it will happen

That is just as good as saying that smaller account holders drive the forex markets? "The Big Boys" don't have gaps, as their systems is online 24/7 (i.e. never closes to form a gap). Now what could perhaps happen is that people might have gone short for instance during the UK close the one day. The next day they come into the office and it they could decide to close their trades or take profits (depending on where support / Resistance levels are)... they can both close trades and bulls can enter up to the point where "supposed gap" started from - WHY - because 10 to 1 it is a proper resistance level again (not because there is a gap). Thus "Gaps" that we see due to the fact of being with crappy brokers might be filled, but not because of the fact that there is a gap... i.e. GAPs does not need to be filled, but most likely would as if the market sentiment reverses.
  • #631,822
  • Apr 24, 2012 4:10am Apr 24, 2012 4:10am
Quoting fxkiller
i really dont know which gap u kids mean..

there is no gap at all on eu
there is gap mate, we are not talking about oanda here, we are talking the electronic feed which turn off 5pm eastern time on fridays and opens 5pm eastern
time on sundays

onda does it 24/7/365/12 in house trades after the closing of electronic feed

the gap need to closed imo
Charts are never wrong, but the chart reader often is.
  • #631,823
  • Apr 24, 2012 4:10am Apr 24, 2012 4:10am
Quoting cloggie
I got things to do, see y'all later.
Good luck.

I am just finished with my 4th wife, back to trading


So what do you say guys? 1.2972 or 1.2463?
The Thief of Wall Street
  • #631,824
  • Apr 24, 2012 4:13am Apr 24, 2012 4:13am
closing shorts......not worth it
There are no right and wrong decisions......Only timely decisions
  • #631,825
  • Apr 24, 2012 4:14am Apr 24, 2012 4:14am
Quoting Chicky
Good luck.

I am just finished with my 4th wife, back to trading


So what do you say guys? 1.2972 or 1.2463?
1.3661-13705
Charts are never wrong, but the chart reader often is.
  • #631,826
  • Apr 24, 2012 4:14am Apr 24, 2012 4:14am
If eur/usd breaks the level of strong resistance 1.31836 there's gonna be an uptrend movement till the level of 1.32446. And if the price breaks the level 1.31226 then bearish trend will be till 1.30615.
  • #631,827
  • Apr 24, 2012 4:14am Apr 24, 2012 4:14am
Quoting Chicky
Good luck.

I am just finished with my 4th wife, back to trading


So what do you say guys? 1.2972 or 1.2463?
I Luv you
If there was easy money lying around,no one would be forcing it into your
  • #631,828
  • Apr 24, 2012 4:17am Apr 24, 2012 4:17am
Quoting LukasBloom
If eur/usd breaks the level of strong resistance 1.31836 there's gonna be an uptrend movement till the level of 1.32446. And if the price breaks the level 1.31226 then bearish trend will be till 1.30615.
What about 1.3208 level?
  • #631,829
  • Apr 24, 2012 4:19am Apr 24, 2012 4:19am
nice fight going on over this 65, ive place my chips with demand
Attached Image (click to enlarge)
Click to Enlarge Name: 65.png Size: 15 KB
  • #631,830
  • Apr 24, 2012 4:19am Apr 24, 2012 4:19am
Quoting Chicky
Good luck.

I am just finished with my 4th wife, back to trading


So what do you say guys? 1.2972 or 1.2463?

1,2972
  • #631,831
  • Apr 24, 2012 4:21am Apr 24, 2012 4:21am
Quoting ries
1,2972
still bullish until 1.32xx
  • #631,832
  • Apr 24, 2012 4:24am Apr 24, 2012 4:24am
Quoting fxkiller
Waiting for GBP news.. good data will bring us on 6300 and bad data must be very bad to move the pair for down side..

gu have still some gase in ass for upside..

EU buy target still open for me to 3200 with sl on BE..

gl
I would be careful 6165 bro, I think will cap this girl for major pips down break it will be rocket, I wait her all day 6120 6125 zone it eventually fail trollop but this next zone is daily is lot stronger 6165 is resist and she now tapping utl of daily falling wedge, ltittle below
I looking to defend her strong, rr is short here bro, bad news will just make her more violent down I likje violents

Trade safe bro
If you are new to Forex? Say Goodbye to your account!!
  • #631,833
  • Apr 24, 2012 4:27am Apr 24, 2012 4:27am
Quoting DaClan
That is just as good as saying that smaller account holders drive the forex markets? "The Big Boys" don't have gaps, as their systems is online 24/7 (i.e. never closes to form a gap). Now what could perhaps happen is that people might have gone short for instance during the UK close the one day. The next day they come into the office and it they could decide to close their trades or take profits (depending on where support / Resistance levels are)... they can both close trades and bulls can enter up to the point where "supposed gap" started...
Just to give you a heads up, smaller account holders do move the market. It's called retail brokers. take a look at the amount that retail brokers such as FXCM Oanda, Gain etc trade. Those are not chump change. The big boys as lots of people like to call it do not trade every tick. Alogorithims are designed to trade at certain support and resistance levels, and with some they match the alogorithims with equities. The retail brokers however are the ones who are tradingevery tick. Most of the time against their clients. Hedge funds are not the big boys so they are trading more actively than most banks also. Don't want to draw this convo out in the EU thread so I'll leave it right there. Have a good trading week.!
All that is left in FF is just plain garbage. "Cloggie"
  • #631,834
  • Apr 24, 2012 4:29am Apr 24, 2012 4:29am
Quoting KiwiTrada
I would be careful 6165 bro, I think will cap this girl for major pips down break it will be rocket, I wait her all day 6120 6125 zone it eventually fail trollop but this next zone is daily is lot stronger 6165 is resist and she now tapping utl of daily falling wedge, ltittle below
I looking to defend her strong, rr is short here bro, bad news will just make her more violent down I likje violents

Trade safe bro
ya i didnt shorted it.. news reaction was not strong at all.. this pair will tank more for upside or will range in this level still a strong fundi for next days..

6300 could be easy possible with this upside pressure..

have two shorts from 6010 and 6085 open and will them run for long ride.. otherwise a good short is not currently in my view... waiting for the clear confirmation..

  • #631,835
  • Apr 24, 2012 4:30am Apr 24, 2012 4:30am
Quoting Chicky
Good luck.

I am just finished with my 4th wife, back to trading


So what do you say guys? 1.2972 or 1.2463?
well chicky the 4th wife must ve f.. the hell out of u lol
  • #631,836
  • Apr 24, 2012 4:31am Apr 24, 2012 4:31am
As i expected priced reversed from the 1.31 level in the later parts of the yesterday’s London session. Price is now 80 pips higher and the short term trend is bullish.

From a pure trend following stance price should increase to 1.3225 or higher which is Friday’s high as long as we trade above 1.3145 which is an overnight low.
Charts are never wrong, but the chart reader often is.
  • #631,837
  • Apr 24, 2012 4:32am Apr 24, 2012 4:32am
in an hour , we will know if the close of the candle is bullish or bearish will add to confirmation.
  • #631,838
  • Apr 24, 2012 4:33am Apr 24, 2012 4:33am
Quoting exit
As i expected priced reversed from the 1.31 level in the later parts of the yesterday’s London session. Price is now 80 pips higher and the short term trend is bullish.

From a pure trend following stance price should increase to 1.3225 or higher which is Friday’s high as long as we trade above 1.3145 which is an overnight low.
chart is here
Attached Image (click to enlarge)
Click to Enlarge Name: usd.gif Size: 22 KB
Charts are never wrong, but the chart reader often is.
  • #631,839
  • Apr 24, 2012 4:35am Apr 24, 2012 4:35am
medium trend is slightly bullish . . . , and the close of price above 1.3174 will be a good confirmation .

Watching EU closely.
The market will deceive you. Make your own judgement.
  • #631,840
  • Apr 24, 2012 4:36am Apr 24, 2012 4:36am
I actually see today's upmove as a Fib 618 retracement from yesterday.

If the hourly candle close under .3150 ish, then it would be proven true.

PS: I may be wrong, I am still a newbie and a muppet.
The true fact is market doesn't care, risk mgt is important.
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