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Cable Update (GBPUSD)

  • #324,841
  • Sep 23, 2012 4:31pm Sep 23, 2012 4:31pm
Quoting _BBKing_
gap
gap was (is) something helpful in stock markets:

gap-up = price up
gap-down = price down
no "filling the gap" strategies in stock market.

stock market, by name, is not forex market.
and in forex market there are not gaps.

if you see a gap in a chart, try to reload the page, maybe it will disappear

I'm still wondering what happened to those waiting "the gap in EU in 1.30 area to be filled" with a 900pips move down
Hey babe, was about to say similar...but... have you checked EG ... weehoo. north methinks
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #324,842
  • Sep 23, 2012 4:34pm Sep 23, 2012 4:34pm
posting just some levels in weekly then same chart switch in h1.

weekly is not certain showing bearish but last week was small progression so some shorts are in play in higher levels problem is to understand how much.

actually i think will not be easy to move price below 6220 as seen in hourly.

6220 is the level to watch because if broken could mean 6160-70 again
Attached Image(s) (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #324,843
  • Sep 23, 2012 4:37pm Sep 23, 2012 4:37pm
Quoting kaspopsicle
Hey babe, was about to say similar...but... have you checked EG ... weehoo. north methinks
nice to meet you, was a huuuuuuge time!!
EG i guess you mean EuR GbP staggering in 0.8000. if holds around here can be a great october for this pair

EDIT: ah no, only now i see the image attached!
90% of traders use TA, indicators and prediction
  • #324,844
  • Sep 23, 2012 4:42pm Sep 23, 2012 4:42pm
Quoting _BBKing_
nice to meet you, was a huuuuuuge time!!
EG i guess you mean EuR GbP staggering in 0.8000. if holds around here can be a great october for this pair
Hi darl, back after long time. Chart above. x
All systems of divination, like music itself,work through patterns.
  • #324,845
  • Sep 23, 2012 4:45pm Sep 23, 2012 4:45pm
Quoting newschool
Some brokers open 1 hour earlier, like mine. Usually they are european brokers.
Well that hardly seems fair... ....
Ghost Rider - WWTBMD?
  • #324,846
  • Sep 23, 2012 4:48pm Sep 23, 2012 4:48pm
Quoting albchr
Well that hardly seems fair... ....
yes it is not!!
I think that brokers should at least, once opening, complete those charts with missing data so people will stop talking about gaps.
but this would also be sad.
90% of traders use TA, indicators and prediction
  • #324,847
  • Sep 23, 2012 4:49pm Sep 23, 2012 4:49pm
Quoting kaspopsicle
Hi darl, back after long time. Chart above. x

yes noticed
well, have a good trading session, i'm going for a sleep
90% of traders use TA, indicators and prediction
  • #324,848
  • Sep 23, 2012 4:52pm Sep 23, 2012 4:52pm
Quoting _BBKing_
yes it is not!!
I think that brokers should at least, once opening, complete those charts with missing data so people will stop talking about gaps.
but this would also be sad.
Yeah, "gaps" are so very important to some eh?
Ghost Rider - WWTBMD?
  • #324,849
  • Sep 23, 2012 4:53pm Sep 23, 2012 4:53pm
Quoting newschool
Hi guys, just made my day with the long positions I took friday (here is my post from friday http://www.forexfactory.com/showthre...22#post6034722)
Too bad nobody replied to my trade suggestion

Here are the exits screenshots from 5 minutes in attached pic
happy for your pips, but imo people did not answered because usually is not good to open a position just at weekly closing time since market could open 100pips below your stop loss, so the trade becoming a sunday nightmare.... just an opinion
90% of traders use TA, indicators and prediction
  • #324,850
  • Sep 23, 2012 4:54pm Sep 23, 2012 4:54pm
Quoting kaspopsicle
Hey babe, was about to say similar...but... have you checked EG ... weehoo. north methinks
I actually forgot that friday I also took a short position on EG just before the close, here is the screenshot.
I did close a little bit early but my broker is giving me some "payback" on the spread so I decided to cash that in (i believe spread was something like 10 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: eg 23 sep.PNG Size: 34 KB
  • #324,851
  • Sep 23, 2012 4:54pm Sep 23, 2012 4:54pm
Quoting kaspopsicle
http://www.nobrainertrades.com/... here.The basic principle of selling high and buying low though technical charting.....no observance of fundermentals. No wonder you dont get it, Red....
ahaaaa....so this is the secret.you have to buy low and sell high..no wonder I'm always on the wrong side

every day I learn something new

but how do I know if we are high enough to sell or low enough to buy ? now this is the bad part where 99% of the traders fail.

normally I have 100% winning ratio on my calculations but sometimes when I am drunk or tired I jump in bad.We all have bad days,we all see charts upsidedown or we all have our calculations f*** up by some bearded doctors that pose as economists or some italians that think they can run a bank(how can you nominate a banker from one indebt country due to be bailed out as president of ECB ?? beyond my comprehension)

anyway the point is that this is what's all about selling high and buying low.if trader would understand that in each trade there is 50% risk to blow it they will be always in profit.if they keep nodding for each news or intervention that damned the calculation they will get frustrated and risk more and more.

I bit the bullet long time ago.I take the highest probablility trades and put SL.if SL is eaten...well they did it to me...but that's why we have SL for.nothing is high or low in forex.when you expect to be highest prepare for some more


I'll still try to calculate a PA formula to know all....or programme an AI to do it for me...afterall I did it during the uny at the neural networks and artificial inteligence....rocket scientist I am.
  • #324,852
  • Sep 23, 2012 4:55pm Sep 23, 2012 4:55pm
Quoting albchr
Yeah, "gaps" are so very important to some eh?
yes seems like that.
of course, a 150pips "gap" is another thing but 1 to 20 pips is nothing but an easier way to see previous weekly close price, without taking the time to draw a damn line
90% of traders use TA, indicators and prediction
  • #324,853
  • Sep 23, 2012 4:55pm Sep 23, 2012 4:55pm
Quoting _BBKing_
happy for your pips, but imo people did not answered because usually is not good to open a position just at weekly closing time since market could open 100pips below your stop loss, so the trade becoming a sunday nightmare.... just an opinion
Same opinion here

I would never open a position just before the weeks close.
Ghost Rider - WWTBMD?
  • #324,854
  • Sep 23, 2012 4:58pm Sep 23, 2012 4:58pm
Quoting _BBKing_
happy for your pips, but imo people did not answered because usually is not good to open a position just at weekly closing time since market could open 100pips below your stop loss, so the trade becoming a sunday nightmare.... just an opinion
Don't worry, I'm a professional

EDIT: I did checked out no majors news were coming out saturday or sunday tho
  • #324,855
  • Sep 23, 2012 5:03pm Sep 23, 2012 5:03pm
Quoting newschool
Don't worry, I'm a professional

EDIT: I did checked out no majors news were coming out saturday or sunday tho
some news cannot be checked

for example if a war between Iran and Israel would have started ? or China and Japan and your GJ trade ?

you can never be sure of tmr.never ever ever....tmr a hurricane can devastate USA or a tsunami can blow up nuclear plants.
  • #324,856
  • Sep 23, 2012 5:03pm Sep 23, 2012 5:03pm
Quoting _BBKing_
yes seems like that.
of course, a 150pips "gap" is another thing but 1 to 20 pips is nothing but an easier way to see previous weekly close price, without taking the time to draw a damn line
Yep, market just opened here and...OH NO....I have TWO gaps on EU!

Now what do I do????
Attached Image (click to enlarge)
Click to Enlarge Name: eu_1h.gif Size: 23 KB
Ghost Rider - WWTBMD?
  • #324,857
  • Sep 23, 2012 5:06pm Sep 23, 2012 5:06pm
Quoting redbeben
ahaaaa....so this is the secret.you have to buy low and sell high..no wonder I'm always on the wrong side

every day I learn something new

but how do I know if we are high enough to sell or low enough to buy ? now this is the bad part where 99% of the traders fail.

normally I have 100% winning ratio on my calculations but sometimes when I am drunk or tired I jump in bad.We all have bad days,we all see charts upsidedown or we all have our calculations f*** up by some bearded doctors that pose as economists or some italians that think...
Wonderful ! Some posters never change.Will write full reply tomoz.
btw did you ever consider television as a career ? x
All systems of divination, like music itself,work through patterns.
  • #324,858
  • Sep 23, 2012 5:09pm Sep 23, 2012 5:09pm
Quoting albchr
Yep, market just opened here and...OH NO....I have TWO gaps on EU!

Now what do I do????


look at my insanity gap in GU chart!
will it be filled?
Attached Image (click to enlarge)
Click to Enlarge Name: gu insanity gap.jpg Size: 76 KB
90% of traders use TA, indicators and prediction
  • #324,859
  • Sep 23, 2012 5:12pm Sep 23, 2012 5:12pm
ok going bed

good luck you all
90% of traders use TA, indicators and prediction
  • #324,860
  • Sep 23, 2012 5:14pm Sep 23, 2012 5:14pm
Quoting _BBKing_

look at my insanity gap in GU chart!
will it be filled?
DAM!! Sure hope so, I went short there...LOL
Ghost Rider - WWTBMD?
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