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  • #773,121
  • Mar 18, 2013 5:30am Mar 18, 2013 5:30am
is this results good enough to run it live?

experts pls comment
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  • #773,122
  • Mar 18, 2013 5:31am Mar 18, 2013 5:31am
Quoting math_GB
First TP 122.55, still watching the PA
  • #773,123
  • Mar 18, 2013 5:31am Mar 18, 2013 5:31am
Quoting math_GB
This is a very "decent" post
Haha, leave me alone I'm jet lagged. My typing will not be quality today
  • #773,124
  • Mar 18, 2013 5:31am Mar 18, 2013 5:31am
Quoting spartanforex
short ej 123.27 sl 123.38 tp 122.72
target hit and now long 122.76, slow to hit the buy button sl 122.65 tp 12460 or open lol
  • #773,125
  • Mar 18, 2013 5:32am Mar 18, 2013 5:32am
Quoting bennyblanco
Haha, leave me alone I'm jet lagged. My typing will not be quality today
Was teasing you a little, never mind me
  • #773,126
  • Mar 18, 2013 5:34am Mar 18, 2013 5:34am
Quoting spartanforex
target hit and now long 123.76, slow to hit the buy button sl 122.65 tp 12460 or open lol
Put SL @121.05 or order some ice cubes...
  • #773,127
  • Mar 18, 2013 5:35am Mar 18, 2013 5:35am
Quoting MaxDoom
not all gaps close

http://www.forexfactory.com/showthre...16#post6470916
Max, interesting post, but gaps in stock trading are different. The liquidity is an order of magnitude lower, the market closes every day, and the stock value can at any time go to zero in case of bankruptcy.

The gaps over weekend on Forex are an overreaction to the noise in the news. No matter how significant that noise seems in the heat of the moment, it cannot change the trend, that has been forming for days and weeks and months. This applies only to highly saturated forex pairs - certainly, I wouldn't talk about gaps on Zimbabwean dollar

This is not a myth, but a highly lucrative opportunity that does not happen too often. EUR/GBP is even a safer bet if you still doubt, since GBP behaviour is coupled to that of EUR - the gap on that pair is easier to close no matter where the USD heads in the short term
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,128
  • Mar 18, 2013 5:37am Mar 18, 2013 5:37am
Cyprus Parliament cancels today's vote on bailout...!

Be careful with the "rumour factory" now... It will get shaky..
  • #773,129
  • Mar 18, 2013 5:38am Mar 18, 2013 5:38am
Gaps posted on the Cable thread by 100pipsaday

http://www.forexfactory.com/showthre...50#post6522850

GAPS

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?

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%


GBP/USD: From 2002 through 2010: 72 % of the GBP/USD "gaps" were filled the same trading day!

Hope this helps!
  • #773,130
  • Mar 18, 2013 5:42am Mar 18, 2013 5:42am
Food for thought: LINK

Told you that "Italy" candle formation last night was a sign!!
  • #773,131
  • Mar 18, 2013 5:43am Mar 18, 2013 5:43am
Quoting SpacyTrader
Perhaps because people don't actually care much about the euro but they do care about preserving their wealth ? If you have a choice between putting your money in a jurisdiction where you can have any portion of it confiscated over night or somewhere else entirely what do you choose ?

The EU should put up a sign "Invest in the Soviet Union" cause that's about the message they send with this.
The EUSSR has been unpopular for a while, I have little doubt it's going to get a lot more unpopular soon.

Quoting Firstboss
Max, interesting post, but gaps in stock trading are different. The liquidity is an order of magnitude lower, the market closes every day, and the stock value can at any time go to zero in case of bankruptcy.

The gaps over weekend on Forex are an overreaction to the noise in the news. No matter how significant that noise seems in the heat of the moment, it cannot change the trend, that has been forming for days and weeks and months. This applies only to highly saturated forex pairs - certainly, I wouldn't talk about gaps on Zimbabwean dollar

This is not a myth, but a highly lucrative opportunity that does not happen too often. EUR/GBP is even a safer bet if you still doubt, since GBP behaviour is coupled to that of EUR - the gap on that pair is easier to close no matter where the USD heads in the short term
General movement is influenced by the fundamentals. Significant news events have and will continue to cause fundamental shifts in capital flow. "Gaps" are something else I could go on a rant about but I'll spare everybody the deviation.
  • #773,132
  • Mar 18, 2013 5:43am Mar 18, 2013 5:43am
Quoting neil324
Gaps posted on the Cable thread by 100pipsaday

http://www.forexfactory.com/showthre...50#post6522850

Hope this helps!
Very interesting study, thanks!

If it doesn't fill on the first day, it will get filled in the near future
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,133
  • Mar 18, 2013 5:44am Mar 18, 2013 5:44am
Quoting math_GB
Put SL @121.05 or order some ice cubes...
i like my liquor warm
  • #773,134
  • Mar 18, 2013 5:46am Mar 18, 2013 5:46am
nice bull flag on EJ lets see if she plays out
  • #773,135
  • Mar 18, 2013 5:46am Mar 18, 2013 5:46am
Quoting math_GB
Cyprus Parliament cancels today's vote on bailout...!

Be careful with the "rumour factory" now... It will get shaky..
Any information when? Thanks
  • #773,136
  • Mar 18, 2013 5:46am Mar 18, 2013 5:46am
Quoting 4exNinja
Food for thought: LINK

Told you that "Italy" candle formation last night was a sign!!
Hard to imagine... But anything is possible... UK next...?

Well actually, every country can do it now. Which country will be pissed most if every country starts doing this, US, China, Russia, India, Japan...?
  • #773,137
  • Mar 18, 2013 5:47am Mar 18, 2013 5:47am
Quoting Rockerzeus
Any information when? Thanks
Watching Bloomy, looks like tomorrow. A perfect day to shake the market in each direction...
  • #773,138
  • Mar 18, 2013 5:51am Mar 18, 2013 5:51am
Quoting math_GB
Hard to imagine... But anything is possible... UK next...?

Well actually, every country can do it now. Which country will be pissed most if every country starts doing this, US, China, Russia, India, Japan...?
g who would of thought the best way to destabilize a region, is with a stable currency? all is good in ozz..
those who can, do. those who cant, talk about those who can
  • #773,139
  • Mar 18, 2013 5:53am Mar 18, 2013 5:53am
short 56.1 for a few
Trade What You See Not What You Want To See
  • #773,140
  • Mar 18, 2013 5:53am Mar 18, 2013 5:53am
Right now the price action is stalled exactly at the middle of the BB on 1-hr chart
"Luxury is one of the basic needs", (c), Don Corleone
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