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  • #824,121
  • Aug 11, 2013 4:52pm Aug 11, 2013 4:52pm
Quoting Kanzler
{quote} You have a subscription to the actual price feed? Oanda isn't one to be shady.
Well Oanda is STILL a broker buddy.....
so if Oanda has a gap, im pretty sure Oanda can be a shady one too...
because look... Using Thomson Reuters, to check which banks are reporting which prices.... (Since Banks are the Sole Liquidity providers in the Currency Market, where as brokers are subject to arbitration.... Bank's reporting of Price are the ACTUAL price feed.... the rest are bullshit by brokers to manipulate chart on Timezone difference.)
you can See Allied Irish and UBS reporting opening prices around 1.3338
Attached Image (click to enlarge)
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PS. Timestamp Shown in picture are GMT time.... and Markets Open at GMT 7PM, because that when New Zealand are first to open market...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #824,122
  • Aug 11, 2013 4:56pm Aug 11, 2013 4:56pm
Quoting fxtyrant
{quote} Well Oanda is STILL a broker buddy..... so if Oanda has a gap, im pretty sure Oanda can be a shady one too... because look... Using Thomson Reuters, to check which banks are reporting which prices.... you can See Allied Irish and UBS reporting opening prices around 1.3338 {image} PS. Timestamp Shown in picture are GMT time.... and Markets Open at GMT 7PM, because that when New Zealand are first to open market...
Opening prices, yeah. The price move that created the "gap" we thought existed was during weekend trading though, still real price movement just nothing we could play. Not that I bother with weekend gaps anyway. All I care about is whether or not price actually went there or not.

Nice display, by the way.
  • #824,123
  • Aug 11, 2013 5:01pm Aug 11, 2013 5:01pm
Quoting Kanzler
{quote} Opening prices, yeah. The price move that created the "gap" we thought existed was during weekend trading though, still real price movement just nothing we could play. Not that I bother with weekend gaps anyway. All I care about is whether or not price actually went there or not. Nice display, by the way.
Well Thomson Reuters don't lie... if banks are reporting an opening price of 1.3338, then theres just 2-3 pip of gap.... otherwise theres no gap this weekend....
atleast not on the inter-bank level... if theres any gap, its gona be broker related.... so beware not to fall into the trap of Gap Chasing trading..... theres no gap to trade for this week...
People who are trading this gap is at the mercy of the shady brokers, reason why I avoid trading weekend gaps.... since theres just no liquidity in the weekend to justify a move up or a move down during the weekend...
I mean banks are closed during weekend so where are the liquidity from??
im not saying Weekend Gaps doesn't happen but, we need to be careful in identifying the Gap whether if its happening in the Inter-bank Level or at Broker Level.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #824,124
  • Aug 11, 2013 5:10pm Aug 11, 2013 5:10pm
Quoting fxtyrant
{quote} Well Thomson Reuters don't lie... if banks are reporting an opening price of 1.3338, then theres just 2-3 pip of gap.... otherwise theres no gap this weekend.... atleast not on the inter-bank level... if theres any gap, its gona be broker related.... so beware not to fall into the trap of Gap Chasing trading..... theres no gap to trade for this week... People who are trading this gap is at the mercy of the shady brokers, reason why I avoid trading weekend gaps.... since theres just no liquidity in the weekend to justify a move up or a move...
The question is whether or not the price move happened or not below the local low. As far as I can tell, regardless of the opening prices for right now, that move did happen, whether it was on low liquidity or not. And sure, banks are closed for the most part but all of them as well as institutions aren't. The market doesn't close on weekends despite what many think. I'm not in this for the opening gap, all I care about is whether or not price made it lower.
  • #824,125
  • Aug 11, 2013 5:20pm Aug 11, 2013 5:20pm
Quoting Kanzler
{quote} The question is whether or not the price move happened or not below the local low. As far as I can tell, regardless of the opening prices for right now, that move did happen, whether it was on low liquidity or not. And sure, banks are closed for the most part but all of them as well as institutions aren't. The market doesn't close on weekends despite what many think. I'm not in this for the opening gap, all I care about is whether or not price made it lower.

oh its sure did make lower, but the week began quoted by banks UBS etc as you can see.... from 1.3338, then it did went down on Banks Quotations, sadly some people here who see gaps is because brokers may have opened 1 hour after the banks have begun their activity, and that 1 hour timeframe, banks may have already moved it lower from 1.3338 down to 1.3320 or wtever.... and Brokers Opened at 1.3320... but technically speaking.... Interbank had no gap over the weekend....
check the image I posted for evidence.
Besides, due to low liquidity in quiet times for the market, its probably a bad idea to even chase for gap that brokers showed... since im sure spreads would be insanely huge for about an hour or 2 from the markets' weekly open....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #824,126
  • Aug 11, 2013 5:46pm Aug 11, 2013 5:46pm
Thank you at least the spamming will stop for now

  1. http://assets.forexfactory.net/nfs/c...ar312786_2.gif
  2. davidsayli
    Temporarily Suspended by Senior Member

BUT

ilyas_cabuk = davidsayli = http://www.forexfactory.com/news.php?do=news&id=441616

  • #824,127
  • Aug 11, 2013 6:03pm Aug 11, 2013 6:03pm
Quoting Afarensis
Clear bearish trend for me...next target 1.23
Hmmm, i can see some harmonics going down there! wicked! a ranging ab = cd

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  • #824,128
  • Aug 11, 2013 6:12pm Aug 11, 2013 6:12pm
Quoting Ken A
Thank you at least the spamming will stop for now {image} davidsayli Temporarily Suspended by Senior Member BUT ilyas_cabuk = davidsayli = http://www.forexfactory.com/news.php?do=news&id=441616
Ohh.
Too bad, the fun ends.
  • #824,129
  • Aug 11, 2013 6:18pm Aug 11, 2013 6:18pm
took a shitty long for 10 pips or so.
  • #824,130
  • Edited 6:47pm Aug 11, 2013 6:22pm | Edited 6:47pm
Quoting Starry
{quote} Hmmm, i can see some harmonics going down there! wicked! a ranging ab = cd {image}
Looks like it will follow the pattern down. If this pattern gets broken, it will be for a reason, and there are no news releases that look to impact for a day or so.
Thank you Starry!

I suspect the Aussie will follow the Euro down. Down de-down down! If not , I will be delighted. My long term bias is down the Euro, Up the Aussie, but they keep following one another, so what do I know?
  • #824,131
  • Aug 11, 2013 6:33pm Aug 11, 2013 6:33pm
Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #824,132
  • Aug 11, 2013 6:35pm Aug 11, 2013 6:35pm
Quoting attila
took a shitty long for 10 pips or so.
I am with you
A good trader follows his rules, but great trader knows when to break them
  • #824,133
  • Aug 11, 2013 6:38pm Aug 11, 2013 6:38pm
Quoting ill_be_back
{quote} I am with you
I said it's a crappy one.. I just think sellers should be met around 55-60..
  • #824,134
  • Aug 11, 2013 6:39pm Aug 11, 2013 6:39pm
Quoting ffleo
{image}
switch non usd yen cross or c able cross

japan Prelim GDP due in 12 m could see some action
Mohan
  • #824,135
  • Aug 11, 2013 6:40pm Aug 11, 2013 6:40pm
Quoting attila
took a shitty long for 10 pips or so.
I made a whopping 5 pips in short EG
New voice message: Why are you calling me? If I need you, I'll call you!
  • #824,136
  • Aug 11, 2013 6:43pm Aug 11, 2013 6:43pm
Quoting mohan76
{quote} switch non usd yen cross or c able cross japan Prelim GDP due in 12 m could see some action
You really love that eh...... Looks like N225 13250 is due

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  • #824,137
  • Aug 11, 2013 6:45pm Aug 11, 2013 6:45pm
Quoting KillerWhale
{quote} I made a whopping 5 pips in short EG
Good start of the week
A good trader follows his rules, but great trader knows when to break them
  • #824,138
  • Aug 11, 2013 6:46pm Aug 11, 2013 6:46pm
Quoting Ken A
{quote} You really love that eh...... Looks like N225 13250 is due {image}
i can still remember the days that yen moved few pips in Asian session , but now thinks changed, these days only yen can be trade during Asian session
Mohan
  • #824,139
  • Aug 11, 2013 6:47pm Aug 11, 2013 6:47pm
Quoting mohan76
{quote} i can still remember the days that yen moved few pips in Asian session , now thinks changed these days only yen can be trade in Asian during session
Yes, only Aussie, Kiwi, USD/JPY and XXX/JPY crosses are active during Asia Pacific

Edit:

Negative GDP

Not looking good for XXX/JPY

Line in the sand for E/J

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  • #824,140
  • Aug 11, 2013 6:49pm Aug 11, 2013 6:49pm
Quoting attila
{quote} I said it's a crappy one.. I just think sellers should be met around 55-60..
Hey! I'm now satisfied it's going up. Your calls last week were very impressive. Normally I'd have expected more of a retracement. Had to relax my criteria for this particular setup. Anyway now I'm left praying it gets back down to 1.3290 so I can bail out of my short with a small loss and reverse. What you think ? Will I get that chance ?
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