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  • #654,581
  • Jun 10, 2012 10:32pm Jun 10, 2012 10:32pm
Good Morning. Looks like my hunch about the gap was correct. I reckon this week will be news driven, so I'm scalping small lots with largish stop loss or staying out completely.

I'd reckon part of the gap will be filled (sucked down at London open) before going bullish and going bull until late Wednesday, when the bears will take over because of polls, etc coming from Greece and indicating there still won't be a government and Grexit is becoming a fact. I'll take no position on Friday and close what I have on Thursday during early US session. It won't be a good week for me, unless I catch some pop.

Be careful about the news ..
  • #654,582
  • Jun 10, 2012 10:43pm Jun 10, 2012 10:43pm
good morning all
that was some bull action over the weekend.
however price seem just to have returned to levels of strong ressistance. it will take a lot more bulls to break any higher by my opinion.
attached monthly chart
Attached Image
  • #654,583
  • Jun 10, 2012 11:01pm Jun 10, 2012 11:01pm
dax gap 142 point , let wait till it settle
Mohan
  • #654,584
  • Jun 10, 2012 11:06pm Jun 10, 2012 11:06pm
Doesn't seem like a good day to trade. Full of traps this market is.
  • #654,585
  • Jun 10, 2012 11:16pm Jun 10, 2012 11:16pm
that's a nice fall
  • #654,586
  • Jun 10, 2012 11:17pm Jun 10, 2012 11:17pm
Quoting 5percent
that's a nice fall

Gap closed yet ????!!!!
“Don't cry because it's over, smile because it happened.”
  • #654,587
  • Jun 10, 2012 11:18pm Jun 10, 2012 11:18pm
frankie open again gave us quick 20 pips.
will wait for london now to see where we go next
  • #654,588
  • Jun 10, 2012 11:18pm Jun 10, 2012 11:18pm
620 was strong ressistance last week
  • #654,589
  • Jun 10, 2012 11:20pm Jun 10, 2012 11:20pm
Quoting shmandi
good morning all
that was some bull action over the weekend.
however price seem just to have returned to levels of strong ressistance. it will take a lot more bulls to break any higher by my opinion.
attached monthly chart
Good chart, you can see this level as a hard resistance in a lot of TF. Without any fundamentals, today will be a big fight to fill or not to fill the gaps. I would be suprised if they break out to 1.2700. But the possibility to fill the gap is low too. Under 1.2600 maybe. But dont forget we are talking about 150 PIPs. If they fill the gap then I will call this Sunday the one of the biggest bluff that I ever saw.
"Study the past if you would define the future." Confucius
  • #654,590
  • Jun 10, 2012 11:22pm Jun 10, 2012 11:22pm
Ok what just happened. No news but giant nose dive?
  • #654,591
  • Jun 10, 2012 11:22pm Jun 10, 2012 11:22pm
Quoting balanced2012
Gap closed yet ????!!!!
*Epic face palm*

To answer your "gap" question, I will answer it with another question. Is Santa Claus here yet?
  • #654,592
  • Jun 10, 2012 11:24pm Jun 10, 2012 11:24pm
Quoting Esssex
*Epic face palm*

To answer your "gap" question, I will answer it with another question. Is Santa Claus here yet?

i guess still a way to far for Santa !!!
“Don't cry because it's over, smile because it happened.”
  • #654,593
  • Jun 10, 2012 11:24pm Jun 10, 2012 11:24pm
Quoting littlemole
Good chart, you can see this level as a hard resistance in a lot of TF. Without any fundamentals, today will be a big fight to fill or not to fill the gaps. I would be suprised if they break out to 1.2700. But the possibility to fill the gap is low too. Under 1.2600 maybe. But dont forget we are talking about 150 PIPs. If they fill the gap then I will call this Sunday the one of the biggest bluff that I ever saw.
but it just might happen. i belive this move up (gap) was driven by spanish bailout. however this news doesnt seem so positiv for EU just yet.
  • #654,594
  • Jun 10, 2012 11:25pm Jun 10, 2012 11:25pm
Quoting balanced2012
i guess still a way to far for Santa !!!
I think you don't get my irony or humor.

A)Santa Claus doesn't exist
B)He will never get anywhere because he doesn't exist
  • #654,595
  • Jun 10, 2012 11:26pm Jun 10, 2012 11:26pm
Short @1.2628
Sl @1.2660
Tp @1.2485
  • #654,596
  • Jun 10, 2012 11:26pm Jun 10, 2012 11:26pm
Quoting 5percent
that's a nice fall
looks like still gonna hold 1.262-1.263 area for this candle (M30)

i'd better stay away until the market decide which way to go
  • #654,597
  • Jun 10, 2012 11:31pm Jun 10, 2012 11:31pm
i am waiting london and europe markets opening.We need to see real massive players what will do.Graphics are saying very strong resistance on 1.2670.So its not too far.

(not an advice and sorry for grammar)
Its not an advice and sorry for grammar.
  • #654,598
  • Jun 10, 2012 11:32pm Jun 10, 2012 11:32pm
Quoting Esssex
I think you don't get my irony or humor.

A)Santa Claus doesn't exist
B)He will never get anywhere because he doesn't exist
NOOOOO - Santa Claus exists and he lives at the north pole - who else could bring me the gifts on x-mas???? :nerd:
Pecunia non olet
  • #654,599
  • Jun 10, 2012 11:33pm Jun 10, 2012 11:33pm
Quoting wm-eu
NOOOOO - Santa Claus exists and he lives at the north pole - who else could bring me the gifts on x-mas???? :nerd:
your mom?
  • #654,600
  • Jun 10, 2012 11:34pm Jun 10, 2012 11:34pm
Quoting undertaker66
your mom?

thats rude !!!!
“Don't cry because it's over, smile because it happened.”
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