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  • #774,061
  • Mar 19, 2013 10:32am Mar 19, 2013 10:32am
euro [email protected] will give me heart attack...confusing PA indeed...no direction still at the moment...europe closing soon
  • #774,062
  • Mar 19, 2013 10:33am Mar 19, 2013 10:33am
Notice how on the current 1-hour candle the BB started to open up - both upper and lower. The range trading is coming to an end.
Another scalping long for me @1.2920
"Luxury is one of the basic needs", (c), Don Corleone
  • #774,063
  • Mar 19, 2013 10:33am Mar 19, 2013 10:33am
Quoting Firstboss
Max, there is no conspiracy here at all. The gap is created when heavy news happen during market downtime.
Closing of the gap is part of psychological behavior of market participants - it is a clear target in sight.
If you look through forex history of EUR/USD, all the gaps have been closed

This gap most likely will be closed very briefly, if not on a tick chart scale. Therefore, I am aimin at 15 pips below for take profit

so you think the EU is going to get to 1.3060 on a gap close, but why not go the whole way to 1.3074 if as you say they always close? you are missing out on 14 pips.

more importantly, even if the price gets there now or at sometime in the future that is because market pressures have put it there, not because everybody is targeting the gap that opportunity disappeared yesterday and after the first set of news that could have spiked it there.

so please don't go claiming that the gap was targeted and closed as and when the price reached 1.3074 again.....

edit I guess we will just have to disagree on the matter
  • #774,064
  • Mar 19, 2013 10:34am Mar 19, 2013 10:34am
Cyprus Finance Minister Resigned.
"You're solid gold, see you in hell"
  • #774,065
  • Mar 19, 2013 10:35am Mar 19, 2013 10:35am
Quoting SugarPink
Cyprus Finance Minister Resigned.
  • #774,066
  • Mar 19, 2013 10:38am Mar 19, 2013 10:38am
*CYPRUS FINANCE MINISTER SUBMITS RESIGNATION, MARKET NEWS SAYS....in the middle of his flight to Moscow?
Trade smaller than rational because the market is irrational...
  • #774,067
  • Mar 19, 2013 10:38am Mar 19, 2013 10:38am
Its amazing how this doesnt drop. Just amazing.
"You're solid gold, see you in hell"
  • #774,068
  • Mar 19, 2013 10:38am Mar 19, 2013 10:38am
Quoting EuroTraderJD
*CYPRUS FINANCE MINISTER SUBMITS RESIGNATION, MARKET NEWS SAYS....in the middle of his flight to Moscow?
He is on a flight to Moscow ? :o
"You're solid gold, see you in hell"
  • #774,069
  • Mar 19, 2013 10:39am Mar 19, 2013 10:39am
Quoting MaxDoom
that spike low was a new low for the day, I will be looking for retest and follow through
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  • #774,070
  • Mar 19, 2013 10:40am Mar 19, 2013 10:40am
Quoting MaxDoom
  • #774,071
  • Mar 19, 2013 10:40am Mar 19, 2013 10:40am
Quoting SugarPink
He is on a flight to Moscow ? :o
That was sarcasim sorry
Trade smaller than rational because the market is irrational...
  • #774,072
  • Mar 19, 2013 10:41am Mar 19, 2013 10:41am
Quoting MaxDoom
Closed mine @122.65, will re-enter if I can...
  • #774,073
  • Mar 19, 2013 10:47am Mar 19, 2013 10:47am
Max, very well - the market pressure will build, and the gap will get closed.

I would even claim that the presence of that gap is the main reason why it doesn't fall rapidly on the minister resignation news. I am long EUR/GBP @ 0,8540 for 14 pips TP
"Luxury is one of the basic needs", (c), Don Corleone
  • #774,074
  • Mar 19, 2013 10:47am Mar 19, 2013 10:47am
Quoting MaxDoom
I'm still trying to long the damn thing..
  • #774,075
  • Mar 19, 2013 10:47am Mar 19, 2013 10:47am
the lower low looks like a exit point to be honest ...
  • #774,076
  • Mar 19, 2013 10:48am Mar 19, 2013 10:48am
Has anyone noticed as the eur/usd heads south the gbp/usd heads north...this is out of sync...must be a money flow into gbp...
  • #774,077
  • Mar 19, 2013 10:50am Mar 19, 2013 10:50am
maybe.

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  • #774,078
  • Mar 19, 2013 10:50am Mar 19, 2013 10:50am
Maybe hello 1.2880....
Trade smaller than rational because the market is irrational...
  • #774,079
  • Mar 19, 2013 10:50am Mar 19, 2013 10:50am
Quoting Robby
Has anyone noticed as the eur/usd heads south the gbp/usd heads north...this is out of sync...must be a money flow into gbp...
too risky to scalp now., not worth it.
  • #774,080
  • Mar 19, 2013 10:51am Mar 19, 2013 10:51am
Comon 1.2880 got an existing short there
Trade smaller than rational because the market is irrational...
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