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EURUSD

  • #835,521
  • Sep 16, 2013 12:05am Sep 16, 2013 12:05am
Quoting mohan76
{quote} 1.34xx ? i can't see it help me 2012 gap was filled

check pre-bernanke june high. 1.3409 to be precise and if it reverses from her potential double top is confirmed
  • #835,522
  • Sep 16, 2013 12:06am Sep 16, 2013 12:06am
short eur/usd @1.3367. will add one more if it reaches 80
  • #835,523
  • Sep 16, 2013 12:10am Sep 16, 2013 12:10am
I took killerwhale's advice and shorted 1.3360, giveachance also shorted eur/usd @ 1.3367, lets see if they r both ryt. at the moment in the red....
  • #835,524
  • Sep 16, 2013 12:11am Sep 16, 2013 12:11am
Red meaning my account,not the candle lol
  • #835,525
  • Sep 16, 2013 12:14am Sep 16, 2013 12:14am
Quoting Baz00ka
Red meaning my account,not the candle lol
EUR

ECB President Draghi Speaks
  • #835,526
  • Sep 16, 2013 12:14am Sep 16, 2013 12:14am
Quoting Baz00ka
I took killerwhale's advice and shorted 1.3360, giveachance also shorted eur/usd @ 1.3367, lets see if they r both ryt. at the moment in the red....
Is your real name Ginger?
The Thief of Wall Street
  • #835,527
  • Sep 16, 2013 12:21am Sep 16, 2013 12:21am
Quoting Baz00ka
I took killerwhale's advice and shorted 1.3360, giveachance also shorted eur/usd @ 1.3367, lets see if they r both ryt. at the moment in the red....

don't follow any of our trade blindly , we don't update our trade status regular base , our exit plans are dynamic,pls trade your plan
Mohan
  • #835,528
  • Sep 16, 2013 12:27am Sep 16, 2013 12:27am
Obviously i didnt follow the trade blindly,the GAP theory rule was also in my mind,but yea i was NOT 100% sure on this that u could say,was a bit hesitating,as its not the way i trade,but just wanted to see this GAP theory in action as i heard a lot about it since a long time,but never traded along it..... so lets see
  • #835,529
  • Sep 16, 2013 12:30am Sep 16, 2013 12:30am
Quoting Baz00ka
Obviously i didnt follow the trade blindly,the GAP theory rule was also in my mind,but yea i was NOT 100% sure on this that u could say,was a bit hesitating,as its not the way i trade,but just wanted to see this GAP theory in action as i heard a lot about it since a long time,but never traded along it..... so lets see
that's good, gap theory is risky one , i am playing yearly level 1.3365 which was good resistant in the past.
Mohan
  • #835,530
  • Sep 16, 2013 12:33am Sep 16, 2013 12:33am
Quoting Baz00ka
Obviously i didnt follow the trade blindly,the GAP theory rule was also in my mind,but yea i was NOT 100% sure on this that u could say,was a bit hesitating,as its not the way i trade,but just wanted to see this GAP theory in action as i heard a lot about it since a long time,but never traded along it..... so lets see
In 2012 the average gap size for EUR/USD was 20 pips and it closed 91% of the time within one week.

In 2013 the average gap size for EUR/USD has been 17 pips and has closed 93% of the time within one week.
  • #835,531
  • Sep 16, 2013 12:36am Sep 16, 2013 12:36am
Quoting 2+2=4ex
{quote} In 2012 the average gap size for EUR/USD was 20 pips and it closed 91% of the time within one week. In 2013 the average gap size for EUR/USD has been 17 pips and has closed 93% of the time within one week.

hoe many % filled after kissing s/l (R:R 1:1)
Mohan
  • #835,532
  • Sep 16, 2013 12:38am Sep 16, 2013 12:38am
ok closed my position at BE, Draghis speech coming up so wanted to play safe....
  • #835,533
  • Sep 16, 2013 12:40am Sep 16, 2013 12:40am
Quoting mohan76
{quote} hoe many % filled after kissing s/l (R:R 1:1)
For tracking purposes I don't have a stop loss. I'm just keeping record. I include a spread of 3 pips when determining the gap close.
  • #835,534
  • Sep 16, 2013 12:41am Sep 16, 2013 12:41am
Quoting Baz00ka
Obviously i didnt follow the trade blindly,the GAP theory rule was also in my mind,but yea i was NOT 100% sure on this that u could say,was a bit hesitating,as its not the way i trade,but just wanted to see this GAP theory in action as i heard a lot about it since a long time,but never traded along it..... so lets see
Gap theory is crap and given that Forex is 24/7 there are basically no gaps in trading. So theres pure luck involved when assessing if a gap will be filled or not. That is if u dont have other indications that the 'gap' will be 'filled'.
  • #835,535
  • Sep 16, 2013 12:45am Sep 16, 2013 12:45am
Quoting Baz00ka
ok closed my position at BE, Draghis speech coming up so wanted to play safe....
correct choice ( no matter what happens )
  • #835,536
  • Sep 16, 2013 12:48am Sep 16, 2013 12:48am
Quoting Baz00ka
ok closed my position at BE, Draghis speech coming up so wanted to play safe....
Yes, agree. Here is a head up from my friend in europe. Basically, Draghis has all his speeches drawn up for him (this man like copy and paste too?). It will be dovish in short term, concerning short-term market interests, bla-bla-bla, while keeping the hope up for brighter future. How the market react? I really have no idea.
Don't blame the tools. Blame the carpenter.
  • #835,537
  • Sep 16, 2013 12:52am Sep 16, 2013 12:52am
AOA

DX D

dollar index critical support broken,

Psychology behind gaps: this case gap down which shows lack of trust and interest in dollar, obviously important week, traders might take positions/sides before sept 18th;

imo DXY is going a lot lower on weekly tf according time/cycle of the year atm


EU

as i was expecting a blow off of wave 3, 4hr tf i think this pair is in the making to break 1.3450

gd lck
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  • #835,538
  • Sep 16, 2013 12:52am Sep 16, 2013 12:52am
Quoting Alexone
{quote} Gap theory is crap and given that Forex is 24/7 there are basically no gaps in trading. So theres pure luck involved when assessing if a gap will be filled or not. That is if u dont have other indications that the 'gap' will be 'filled'.
I'm not endorsing the gap strategy nor do I personally trade it, but I have been keeping record of it since the start of 2012. I do it simply for record keeping and study.

As far as markets never closing, that is true. What we are referencing by "gap" is the broker gap only; not to be confused with a market close.

Some more statistics:

There were 4 occasions where the gap did not close within one week in 2012. The average loss was 142 pips. However, the annual end result was +190 pips since the gap closed 91% of the time within one week. 7 weeks had no gap and therefore no trade.
  • #835,539
  • Edited 1:13am Sep 16, 2013 12:56am | Edited 1:13am
Quoting 2+2=4ex
{quote} I'm not endorsing the gap strategy nor do I personally trade it, but I have been keeping record of it since the start of 2012. I do it simply for record keeping and study. As far as markets never closing, that is true. What we are referencing by "gap" is the broker gap only; not to be confused with a market close. Some more statistics: There were 4 occasions where the gap did not close within one week in 2012. The average loss was 142 pips. However, the annual end result was +190 pips since the gap closed 91% of the time within one week....
So far in 2013 the gap has not closed (within one week) on only one occasion for a loss of 67 pips. However, since gap has closed 93% of the time for a profit, the overall result is currently +296 pips. 6 weeks have had no gap and therefore no trade.
  • #835,540
  • Sep 16, 2013 12:58am Sep 16, 2013 12:58am
Quoting fontu
Just update : critical day today ! After strong gold & gbp shifted now to gbp & aud with relation to usd but gbp either to withdraw or hold with bad signal!!otherwise gold breaks 1347 signal , audusd break out 0.9281 & then signal breaking o,9187, gu 5681 & 5564 & signal at 5422 breaks .Take one side today!! http://www.forexfactory.com/showthre...11#post6955611 fontu

There was a gap today.. be careful guys..


http://www.forexfactory.com/showthre...22#post6966622
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