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  • #773,161
  • Mar 18, 2013 6:13am Mar 18, 2013 6:13am
Quoting MaxDoom
so even though according to the survey +60% get closed it does not mean that +60% of gap trades would be winners.....

not saying you shouldn't trade them that is upto you, but I am saying that not all gaps gets closed.
the other 40% will get filled within a week at most. Yes, there might be a double dip before the gap is filled, but we'll get there! No short-term noise in the news on liquid pairs can change the trend. It takes back and forward price action struggle and time to change the trend. It requires repositioning of futures hedging by market-makers.
That said, the strong news create speculative spikes since trading models use these opportunities to scalp in the news direction

Considering the current fundamental euro weakness the closure of this gap is a nice short entry, but only when it closes. I will be shorting ~20 pips below just to get in - the closure might be very short-lived
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,162
  • Mar 18, 2013 6:13am Mar 18, 2013 6:13am
Quoting kbmoonshinex
hey mate. we took same trades today. i am long too. just closed my short with 50 pips.

very good trading day today
funny you say that i noticed earlier you bought ej same price as me 121.75 but i held it to 122.90


this new long 122.76 im gonna let run and im getting some sleep it could be a very long runner pretty awesome day so far cant complain if i wake up and its stopped out.
  • #773,163
  • Mar 18, 2013 6:16am Mar 18, 2013 6:16am
Quoting math_GB
Mine is working fine mate, maybe some problem in your area...
I think maybe I'll install a larger dish.
  • #773,164
  • Mar 18, 2013 6:16am Mar 18, 2013 6:16am
anyone still going short on EU or stopped by the vote postpone issue?
  • #773,165
  • Mar 18, 2013 6:18am Mar 18, 2013 6:18am
EUR/CAD gap is getting closed soon - not much left there from the drop.
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,166
  • Mar 18, 2013 6:18am Mar 18, 2013 6:18am
Quoting Vectamart
Does anybody else have trouble with signal dropout on Bloomberg via Sky TV? All the other channels are stable but Bloomberg keeps pixelating and dropping out - a bloody nuisance!

I have got around it for now by setting up live streaming of Bloomberg on a spare monitor but it's not ideal.
It doesn't go well with porn sites
  • #773,167
  • Mar 18, 2013 6:21am Mar 18, 2013 6:21am
Quoting Firstboss
the other 40% will get filled within a week at most. Yes, there might be a double dip before the gap is filled, but we'll get there! No short-term noise in the news on liquid pairs can change the trend. It takes back and forward price action struggle and time to change the trend. It requires repositioning of futures hedging by market-makers.
That said, the strong news create speculative spikes since trading models use these opportunities to scalp in the news direction

Considering the current fundamental euro weakness the closure of this gap is...
Gaps don't always fill. I don't know why you think the way you do but there isn't some magical necessity to complete a pattern in the markets. But go ahead and wait for that gap fill....it may or may not happen. The one time it doesn't and heads south for 2000 pips before turning around you get your margin call.
  • #773,168
  • Mar 18, 2013 6:21am Mar 18, 2013 6:21am
Quoting Vectamart
I think maybe I'll install a larger dish.
Just connect thru your broadband... easier then installing new dish
Read Charts - Not Papers
  • #773,169
  • Mar 18, 2013 6:25am Mar 18, 2013 6:25am
Don't know if everyone saw this or not or if it's been posted already

http://www.dailymail.co.uk/money/mar...-eurozone.html
  • #773,170
  • Mar 18, 2013 6:25am Mar 18, 2013 6:25am
Good analysis of the Cypriodiotic situation: LINK

ZH's good...unless they mention Ron Paul in which case they turn into blind worshipping sheep.
  • #773,171
  • Mar 18, 2013 6:27am Mar 18, 2013 6:27am
Out of market next three days till range will start - made good pips from friday 350 from three positions . Now I guess that it should get back to 1.30xx range. Because Cypriot thing is press buble but actually only 10 bln it is nothing.

Cypriot banks was the "bad boys" in accepting unregistered money mostly from russians who hides their income. It was only place where you can put money to account without registerin only geting account ID.

It will newer happens in any other country. After two - three weeks we will see smart discusions about it - but now enjoy press buble and emotions - Mostly Kremlin is disapointed and politics who hide fundes in cyprus EU now have shown who is who and where
  • #773,172
  • Mar 18, 2013 6:27am Mar 18, 2013 6:27am
Quoting Vectamart
I think maybe I'll install a larger dish.
Why bother.

http://www.bloomberg.com/tv/europe/
  • #773,173
  • Mar 18, 2013 6:32am Mar 18, 2013 6:32am
Quoting spartanforex
funny you say that i noticed earlier you bought ej same price as me 121.75 but i held it to 122.90


this new long 122.76 im gonna let run and im getting some sleep it could be a very long runner pretty awesome day so far cant complain if i wake up and its stopped out.
i target 123.50. if we get there. same SL we got. dont know how but it looks same entries today
looking for investors . pm me
  • #773,174
  • Mar 18, 2013 6:32am Mar 18, 2013 6:32am
Quoting Kanzler
Gaps don't always fill. I don't know why you think the way you do but there isn't some magical necessity to complete a pattern in the markets. But go ahead and wait for that gap fill....it may or may not happen. The one time it doesn't and heads south for 2000 pips before turning around you get your margin call.
It's not magic - it's simply taking profit from speculative over-reaction on news. Filtering out the news noise. Just look on daily and weekly trends - all those news are merely long tails on the candles.
If you are still cautious about riding the gap up - just wait for a nice short entry when the price gets there. The postponing of the vote till tomorrow might drag this gap closure a little longer till the next news release on the issue, or comment by ECB or someone from Germany - the short-term speculators will find an artificial trigger like that.
It has nothing to do with the fundamentals and the long-term trend
"Luxury is one of the basic needs", (c), Don Corleone
  • #773,175
  • Mar 18, 2013 6:32am Mar 18, 2013 6:32am
Quoting Buda
Out of market next three days till range will start - made good pips from friday 350 from three positions . Now I guess that it should get back to 1.30xx range. Because Cypriot thing is press buble but actually only 10 bln it is nothing.

Cypriot banks was the "bad boys" in accepting unregistered money mostly from russians who hides their income. It was only place where you can put money to account without registerin only geting account ID.

It will newer happens in any other country. After two - three weeks we will see smart discusions about...
Wouldn't be surprised to see the same happening in Italy tbh...
  • #773,176
  • Mar 18, 2013 6:35am Mar 18, 2013 6:35am
Why E/U can't cross 1.2966? Because Max is shorting?
  • #773,177
  • Mar 18, 2013 6:38am Mar 18, 2013 6:38am
Quoting Firstboss
It's not magic - it's simply taking profit from speculative over-reaction on news. Filtering out the news noise. Just look on daily and weekly trends - all those news are merely long tails on the candles.
If you are still cautious about riding the gap up - just wait for a nice short entry when the price gets there. The postponing of the vote till tomorrow might drag this gap closure a little longer till the next news release on the issue, or comment by ECB or someone from Germany - the short-term speculators will find an artificial trigger like...
Here's the big problem - you can't define your risk based on "the gap will fill" unless by defining risk you risk it all. MaxDoom already went over all of this anyway.
  • #773,178
  • Mar 18, 2013 6:39am Mar 18, 2013 6:39am
Quoting 4exNinja
Wouldn't be surprised to see the same happening in Italy tbh...
I can bet that not - Italy has strong economy - Cypriots has no economy except banking - "what makes cyprus economy" ....

secondly - Cyprus most probably will cut only from large deposits - Therefore most of them is Russians - Because russians and banks in cyprus not payng taxes as they should - Now they will be forced to do what they missed

Italy and most of europe will never do it where domestic share on large deposits is much bigger and banks is payng more local taxes while operating with money.
  • #773,179
  • Mar 18, 2013 6:41am Mar 18, 2013 6:41am
If the day ends over 1,2975 for me its a sign market is pricing a good outcome on the vote and back to normal.
"You're solid gold, see you in hell"
  • #773,180
  • Mar 18, 2013 6:43am Mar 18, 2013 6:43am
Quoting Ken A
Why E/U can't cross 1.2966? Because Max is shorting?
*raises hand

I know the answer, I know the answer!
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