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AUD/USD

  • #65,341
  • Sep 15, 2013 7:49pm Sep 15, 2013 7:49pm
Thanks for the replies... Last week as you all may remember was the worst ever for me so I am starting with a new more conservative (finally!) approach...let's see....
  • #65,342
  • Sep 15, 2013 8:02pm Sep 15, 2013 8:02pm
Quoting forexalien
{quote} Currencies never stop trading 24 hours a day 7 days a week, our brokers are just not open then. Banks and countries trade through the weekends, news rocks the currency world. Those who were long are now 60 - 100 pips better off, I Grabbed 65 pips on that jump because I left a AUD long in from Friday

DING DING...this guy at least knows. I see people on here trading "GAPS" and they have no idea why they are trading it. There are no gaps. Banks don't stop trading...businesses don't stop just because your broker is closed. You "see" a gap on your feed..but when in actuality there are none...they should be bars.

And no...you're not trading a "gap" or waiting for it to "close." All you are doing is fading an extensive move.
  • #65,343
  • Sep 15, 2013 8:14pm Sep 15, 2013 8:14pm
Does anyone expect this gap to fill?
  • #65,344
  • Sep 15, 2013 8:56pm Sep 15, 2013 8:56pm
Quoting tony95
Does anyone expect this gap to fill?
I'm not concerned with the gap... all i can see is price making new highs.

Long @ 0.9333
Stop @ 0.9312

Target open
  • #65,345
  • Sep 15, 2013 8:59pm Sep 15, 2013 8:59pm
Quoting RBlackburn
{quote} I'm not concerned with the gap... all i can see is price making new highs. Long @ 0.9333 Stop @ 0.9312 Target open

I will take that as a NO.
  • #65,346
  • Sep 15, 2013 9:25pm Sep 15, 2013 9:25pm
Quoting tony95
{quote} I will take that as a NO.
Lol, take is as a let's see - but i'm long...
  • #65,347
  • Sep 15, 2013 9:28pm Sep 15, 2013 9:28pm
Quoting RBlackburn
{quote} Lol, take is as a let's see - but i'm long...

If you are long, then I will conclude that you do not expect a 100 pip drop to fill the gap. At least, not immediately.
  • #65,348
  • Sep 15, 2013 9:41pm Sep 15, 2013 9:41pm
Yeah your right... but if it doesn't happen its ok - see where my stop is...
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  • #65,349
  • Sep 15, 2013 9:50pm Sep 15, 2013 9:50pm
I am short. But it seems that a gap fill is asking for a lot. I would go for .9370, but we were just there. My stop is at BE so, I am not sure whether to cash out for a little bit or see what happens

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  • #65,350
  • Sep 15, 2013 9:53pm Sep 15, 2013 9:53pm
maybe we partially fill the gap, but how often does that happen?
  • #65,351
  • Sep 15, 2013 10:17pm Sep 15, 2013 10:17pm
Quoting tony95
maybe we partially fill the gap, but how often does that happen?
Not sure how often it happens with AUD/USD, but it has only happened once on EUR/USD in the last 2 years.
  • #65,352
  • Sep 15, 2013 10:30pm Sep 15, 2013 10:30pm
Quoting 2+2=4ex
{quote} Not sure how often it happens with AUD/USD, but it has only happened once on EUR/USD in the last 2 years.
Wish I had statistics on gaps that are this large
  • #65,353
  • Sep 15, 2013 11:35pm Sep 15, 2013 11:35pm
Well... we should get some liquidity when London opens in 25mins.... Lets see what happens. We've been in a 20p consolidation all day....
  • #65,354
  • Sep 16, 2013 1:14am Sep 16, 2013 1:14am
Ah, you see what's happening here... from a scalping perspective.
Testing that 61.8 fib
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  • #65,355
  • Sep 16, 2013 1:17am Sep 16, 2013 1:17am
Quoting k3nshinz3139
{quote} Why I will give this comment.. You can check with weekly chart.. last week .92 tank.. Cannot close the gap.. This week the gap is larger.. so far not even close 50% gap.. I can conclude the PA will continue climb..
So far the Aussie is doing well
  • #65,356
  • Sep 16, 2013 1:28am Sep 16, 2013 1:28am
Not to bad... should take off if we clear that high @ 0.9392
  • #65,357
  • Sep 16, 2013 1:59am Sep 16, 2013 1:59am
took a 20 pip loss on u/cad and also 28pip loss on 1 position on a/u. Incidentally took the following trade a few mins. ago. Just got out of bed about 30 mins ago. London boys took my positions out
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #65,358
  • Sep 16, 2013 2:11am Sep 16, 2013 2:11am
Quoting thewriter30
{quote} Actually I was always wondering who gets the money when gaps occur.... I mean, Adollar closes say at 0.92 on a Fri Mon it opens at 0.93. Who got those 100 pips? and/or who says "OK , today, because i have a big d$ck, i command that AUD is 0.93? You know what I mean? Somebody gets those 100 pips without anybody else having even a chance to get them, exit before it happens??? Or is it like Defcon123 is actually saying....if a broker was not cheap (i got IGMARKETS) you at least got a chance to get out at some point during the climb up?
Just read your post. When I had my platform on at 9pm I can see a/u moving up but you are not allowed to trade until come 10pm. When 10 pm arrived my platform froze and I had to restart my computer. I was just watching a 100 pips move upwards and there is nothing I can do about it
the cautious seldom err....C
  • #65,359
  • Sep 16, 2013 2:14am Sep 16, 2013 2:14am
Check out the W1 EMA21 acting as resistance @.9390

Attached Image (click to enlarge)
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  • #65,360
  • Sep 16, 2013 2:15am Sep 16, 2013 2:15am
If anyone is looking to or is buying this... you have my permission to be long at these levels
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