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  • #86,421
  • Nov 3, 2014 7:59pm Nov 3, 2014 7:59pm
Hi all,
Quick question. I am a lurker here and I have been reading a lot about people saying it's time to close the gap on AUDUSD and i'm just curious, do pairs always close a weekend gap during the week or are there any stats to show how likely it is?

My current take is expect a downside NFP surprise so I am definitely bullish on AUDUSD towards the end of the week and expecting a run to at least .8790 this week. Thanks!
  • #86,422
  • Nov 3, 2014 8:25pm Nov 3, 2014 8:25pm
Quoting gameofpips
Hi all, Quick question. I am a lurker here and I have been reading a lot about people saying it's time to close the gap on AUDUSD and i'm just curious, do pairs always close a weekend gap during the week or are there any stats to show how likely it is? My current take is expect a downside NFP surprise so I am definitely bullish on AUDUSD towards the end of the week and expecting a run to at least .8790 this week. Thanks!
do not pay attention to them. the "gap" thingy is a big bull crap.
market never closes, therefore there is no gap in price. the so called "gap" is just a price change while your broker is closed for the weekend.
also those people think gaps must be closed. in reality any given price is usually revisited, at least 90% of the time. open your chart and observe this. so there is no thing such as "gap", therefore there is no thing such as "gaps must be closed".
As Above, So Below
  • #86,423
  • Nov 3, 2014 8:26pm Nov 3, 2014 8:26pm
hi guyss...just want to share with this forum and give some little idea here..

be carefully on TF M1 as i can see there that this pair make double top pattern but not confirmed. i know that it is to early to say about this double top pattern but it most likely to be happen as this month close. It looks like 872x is level support for this TF..with target .80xx ??

happy trading..cheerss..
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  • #86,424
  • Nov 3, 2014 8:44pm Nov 3, 2014 8:44pm
330am gmt fundamental news coming up... any suggestions where the market will swing?
  • #86,425
  • Nov 3, 2014 9:11pm Nov 3, 2014 9:11pm
Quoting poseikwame
330am gmt fundamental news coming up... any suggestions where the market will swing?
I'm going short. Notice how dollar weakened a tad bit before all this news stuff, almost looks like it's going for that kill . Besides that they say the rates are gonna stay the same with a dovish tone from that stevens dude but who knows right.
  • #86,426
  • Nov 3, 2014 9:18pm Nov 3, 2014 9:18pm
Quoting fxtradeabi
{quote} I'm going short. Notice how dollar weakened a tad bit before all this news stuff, almost looks like it's going for that kill . Besides that they say the rates are gonna stay the same with a dovish tone from that stevens dude but who knows right.
hey well it hit my earlier tp at 8655 so hopefully it will break and be further bearish!! who else is bearish just for the fundamental reaction??
  • #86,427
  • Nov 3, 2014 9:35pm Nov 3, 2014 9:35pm
Quoting poseikwame
{quote} hey well it hit my earlier tp at 8655 so hopefully it will break and be further bearish!! who else is bearish just for the fundamental reaction??
I'm short but don't like the PA
  • #86,428
  • Nov 3, 2014 9:47pm Nov 3, 2014 9:47pm
I'm long from .8712
FF journal: Peaks and Troffs
  • #86,429
  • Nov 3, 2014 9:48pm Nov 3, 2014 9:48pm
This should drop since there's no change.
  • #86,430
  • Nov 3, 2014 9:52pm Nov 3, 2014 9:52pm
it went down on no news, so why should it fall any further?
  • #86,431
  • Nov 3, 2014 9:55pm Nov 3, 2014 9:55pm
Quoting sugarbelly
it went down on no news, so why should it fall any further?
Last time it went down it was cause of the trade balance.
  • #86,432
  • Nov 3, 2014 10:15pm Nov 3, 2014 10:15pm
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting fxtradeabi
{quote} Last time it went down it was cause of the trade balance.

thats the reason why i feel it is difficult to trade using fundamentals...you won't know how the mkt movers will react to the news..same outcome may turn the mkt in different way. Personally..i am all for technicals...becos they act as pointers to where the mkt is heading...and if i may say so...even fundamentalists need technicals to guide them..and actually theres not
really a need to know too much fundamentals..in order to trade...just some main events will do..considering the barrage of news that are turn out practically every week..so how is one to follow espec if they are conflicting..........Unless u are long term investor with deep pockets..otherwise..to me..technicals should suffice
Hindsight is useless if you never learn anything out from it
  • #86,433
  • Nov 3, 2014 10:45pm Nov 3, 2014 10:45pm
Quoting EDG
{quote} thats the reason why i feel it is difficult to trade using fundamentals...you won't know how the mkt movers will react to the news..same outcome may turn the mkt in different way. Personally..i am all for technicals..........
To me Fundamentals = railway track ; Technicals = train. There is a given route and you simply take that, you accomodate how many ever people you want (buyers/sellers), make as many stops as you want or maybe you can't make a stop (Support/Resistance), but you ultimately follow the track. Wow that analogy was a bit weird but whatever lol.
  • #86,434
  • Nov 3, 2014 10:59pm Nov 3, 2014 10:59pm
Quoting fxtradeabi
{quote} To me Fundamentals = railway track ; Technicals = train. There is a given route and you simply take that, you accomodate how many ever people you want (buyers/sellers), make as many stops as you want or maybe you can't make a stop (Support/Resistance), but you ultimately follow the track. Wow that analogy was a bit weird but whatever lol.
both fundamentals and technicals follow economic cycles. to be more clear, they interpret it. meanwhile economical cycles can be regulated to some extend but can not be controlled. that is why people intent to use fundies and technicals to predict the price, because they explain why a move happened so that one can use this information in his projections.
As Above, So Below
  • #86,435
  • Nov 3, 2014 11:04pm Nov 3, 2014 11:04pm
Quoting ill_be_back
{quote} I am LONG GJ, Just SHORTED GCAD
Which collectively makes you just Long CAD/JPY with effectively zero exposure at all to GBP
It would be also be a more cost efficient way to trade that position.
  • #86,436
  • Nov 3, 2014 11:04pm Nov 3, 2014 11:04pm
Gidday AUS

Got some longs in

had them for over a year

Some one posting 0.76

1000 pips

I suppose anything is possible
  • #86,437
  • Nov 4, 2014 12:06am Nov 4, 2014 12:06am
Even after the Aussie turned up towards 0.8730 due to the Retail Sales and RBA, the descending trend line, near 0.8740-0.8745, on H1 chart is likely to cap the AUDUSD up-move towards 0.8810.
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  • #86,438
  • Nov 4, 2014 12:43am Nov 4, 2014 12:43am
ATTN all LONGS. Watch for price of 0.87604. If this price breaks we will get higher this week. Please see weekly and monthly chart.
  • #86,439
  • Nov 4, 2014 12:47am Nov 4, 2014 12:47am
Quoting fxtradeabi
{quote} I'm going short. Notice how dollar weakened a tad bit before all this news stuff, almost looks like it's going for that kill . Besides that they say the rates are gonna stay the same with a dovish tone from that stevens dude but who knows right.
You be quite.
  • #86,440
  • Nov 4, 2014 1:02am Nov 4, 2014 1:02am
Quoting sugarbelly
http://www.dailyfx.com/forex/fundame...A-Meeting.html Dailyfx negative on the RBA statement, so expect to go up instead ! These guys are always telling you the opposite of what they are doing.
Wow, you were right. Excellent prediction. 0.90 is coming for sure.
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