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  • #2,601
  • Mar 17, 2013 7:12pm Mar 17, 2013 7:12pm
Quoting KillerWhale
Oh and I almost forgot, I promised on the EU thread I would give away a vouch this weekend.

It's yours.

Thank you! Right back at ya, bro. You're an awesome trader.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #2,602
  • Mar 17, 2013 7:31pm Mar 17, 2013 7:31pm
Quoting BobGnarly
Thank you! Right back at ya, bro. You're an awesome trader.
You really deserve it with your contributions to this thread.
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  • #2,603
  • Mar 17, 2013 7:32pm Mar 17, 2013 7:32pm
Quoting KillerWhale
You really deserve it with your contributions to this thread.
Agreed! I just gave Bob a vouch last week as well
  • #2,604
  • Mar 17, 2013 7:57pm Mar 17, 2013 7:57pm
Quoting 100PipsADay
Agreed! I just gave Bob a vouch last week as well
Some good traders on this thread just happy to contribute.
Want the lifestyle of the top traders in the world? TAKE RISK.
  • #2,605
  • Mar 17, 2013 8:08pm Mar 17, 2013 8:08pm
There is one thing that scares me a little bit, I have a long @ 142.99 but the high of 143.62 was rejected.
Let's hope London will change this.

But I'm not scared too much, I'm still 5 pips +
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  • #2,606
  • Mar 17, 2013 8:10pm Mar 17, 2013 8:10pm
Quoting KillerWhale
There is one thing that scares me a little bit, I have a long @ 142.99 but the high of 143.62 was rejected.
Let's hope London will change this.
Idk, apparently people wanna buy yen, too. Not sure how Japan does it; I think their debt-to-GDP is 200%
When the facts change I change my mind, what do you do sir
  • #2,607
  • Mar 17, 2013 8:21pm Mar 17, 2013 8:21pm
Quoting Jer21
I would not be too happy with all these longs..
I'm fine, dude. I had a great day of open houses (house hunting) and St. Patrick's day celebration. I don't worry about the open (even when it gaps down) because I do this stupid thing called: not over-leveraging.
check out my blog: forexmademillionaire dot com
  • #2,608
  • Mar 17, 2013 8:26pm Mar 17, 2013 8:26pm
Quoting KillerWhale
Geppy where are you? you could have made an easy $5000 on a sloppy Sunday afternoon.
Hey dude, I was out enjoying the day... it was sunny here in SF. I saw we were gapping down for the open and just didn't worry about it. I snapped up a couple longs, but I'm not going to over-leverage the account. About a third of my positions are under water now and I'm slightly red (had a bunch in the money from last week I still have), so I imagine I'll be just chillin and holding them this week.
check out my blog: forexmademillionaire dot com
  • #2,609
  • Mar 17, 2013 9:27pm Mar 17, 2013 9:27pm
Quoting Geppy
Hey dude, I was out enjoying the day... it was sunny here in SF. I saw we were gapping down for the open and just didn't worry about it. I snapped up a couple longs, but I'm not going to over-leverage the account. About a third of my positions are under water now and I'm slightly red (had a bunch in the money from last week I still have), so I imagine I'll be just chillin and holding them this week.
I really hope it turns in your favor soon.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,610
  • Mar 17, 2013 9:30pm Mar 17, 2013 9:30pm
Quoting Geppy
I'm fine, dude. I had a great day of open houses (house hunting) and St. Patrick's day celebration. I don't worry about the open (even when it gaps down) because I do this stupid thing called: not over-leveraging.
One day I'll get there...

But good luck on house hunting...
  • #2,611
  • Mar 17, 2013 11:40pm Mar 17, 2013 11:40pm
Quoting KillerWhale
I really hope it turns in your favor soon.
I never hope when I'm trading. That kills more accounts than anything.
check out my blog: forexmademillionaire dot com
  • #2,612
  • Mar 18, 2013 12:20am Mar 18, 2013 12:20am
Quoting Geppy
I never hope when I'm trading. That kills more accounts than anything.
do u think this gap will be closed any soon!!
  • #2,613
  • Edited 1:15am Mar 18, 2013 12:52am | Edited 1:15am
Quoting OneStepClose
do u think this gap will be closed any soon!!
There is no such thing as gaps. FX is open 24 hour a day, 7 days a week. The only gap you see is an artificial one as represented by the opening and closing of your broker.
check out my blog: forexmademillionaire dot com
  • #2,614
  • Mar 18, 2013 1:17am Mar 18, 2013 1:17am
Hey Geppy, how are you? Thanks for the great thread, I've been away for a while. Let's see if we can get some nice set ups for the gbp/jpy this week.
  • #2,615
  • Mar 18, 2013 1:26am Mar 18, 2013 1:26am
Quoting Fx 35
Hey Geppy, how are you? Thanks for the great thread, I've been away for a while. Let's see if we can get some nice set ups for the gbp/jpy this week.
Good, thanks. Got a busy week ahead at the real job this week with kids having finals before spring break, but busy is good
check out my blog: forexmademillionaire dot com
  • #2,616
  • Mar 18, 2013 3:50am Mar 18, 2013 3:50am
Quoting Geppy
There is no such thing as gaps. FX is open 24 hour a day, 7 days a week. The only gap you see is an artificial one as represented by the opening and closing of your broker.
Hey Geppy!

Hope you enjoyed your weekend man. I also hope you don't mind me sharing the following with everybody in regards to "Gaps." I think most of us understand what you said but I wanted to bring the following to everybody's attention as it may be of interest to some here.

I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? By the way, I couldn't find statistics from this study for GBP/JPY but take a look at AUD/JPY as well as GBP/USD.

Gaps in the forex market usually occur during the weekend between previous friday's close price and current monday's open price. The gap itself appears due to the fact that the forex market trades 24 hours, 7 days a week whilst most forex brokers are open for currency trading from Monday 0:00 am ET – Friday 4:00 pm ET. Thus on mondays, the broker needs to update its currency prices which may be different from friday's closing prices.

Type Of Forex Gaps

1) A bullish gap occurs when last friday's close price is lower than current monday's open price.
2) A bearish gap occurs when last friday's close price is higher than current monday's open price.

Case Study on Forex Gaps

The study on gaps in the forex market was conducted between 2002 and 2010, and examined over 25 currency pairs. The following table shows the best gap performers amid the 25 currency pairs.

Currency Pair% Forex Gaps Filled The Same Day
GBP/CAD - 88.60%
EUR/CAD - 82.70%
EUR/AUD - 81.60%
GBP/CHF - 78.75%
USD/CHF - 77.71%
AUD/JPY - 74.35%
GBP/USD - 72.18%
EUR/USD - 66.15%


See, take AUD/JPY for example, from 2002 through 2010, 75 % of the AUD/JPY "gaps" were filled the same trading day! 72% of GBP/USD "gaps" were filled the same trading day.

Just another way to maximize profits should price move against you over the weekend.
  • #2,617
  • Mar 18, 2013 4:00am Mar 18, 2013 4:00am
Quoting 100PipsADay
Hey Geppy!

Hope you enjoyed your weekend man. I also hope you don't mind me sharing the following with everybody in regards to "Gaps." I think most of us understand what you said but I wanted to bring the following to everybody's attention as it may be of interest to some here.

I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? By the way, I couldn't find statistics from this study for GBP/JPY but take a look at AUD/JPY...
thank u.. interesting and valuable information for me..
  • #2,618
  • Mar 18, 2013 6:38am Mar 18, 2013 6:38am
Just woke up and banked another 65 pips gj
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  • #2,619
  • Mar 18, 2013 6:53am Mar 18, 2013 6:53am
Quoting 100PipsADay
Hey Geppy!

Hope you enjoyed your weekend man. I also hope you don't mind me sharing the following with everybody in regards to "Gaps." I think most of us understand what you said but I wanted to bring the following to everybody's attention as it may be of interest to some here.

I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? By the way, I couldn't find statistics from this study for GBP/JPY but take a look at AUD/JPY...
That's nice to know
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  • #2,620
  • Mar 18, 2013 6:55am Mar 18, 2013 6:55am
Quoting KillerWhale
That's nice to know
For GJ, I have Friday close @ 144.01 and today's high = 144.00
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