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EURUSD

  • #1,085,621
  • Jan 3, 2017 10:18am Jan 3, 2017 10:18am
Quoting mades
what a trap for dollar bulls this was
trap for bulls ???
  • #1,085,622
  • Jan 3, 2017 10:20am Jan 3, 2017 10:20am
Quoting onedollar
{quote} trap for bulls ???
yes, dollar bulls. Means people buying dollar. Or selling this pair.
  • #1,085,623
  • Jan 3, 2017 10:21am Jan 3, 2017 10:21am
i doubt the trap for bulls tho,,, just maybe the GAP can be filled now... maybe
  • #1,085,624
  • Jan 3, 2017 10:21am Jan 3, 2017 10:21am
Quoting mades
{quote} yes, dollar bulls. Means people buying dollar. Or selling this pair.
Oh Yes, sorry I thought for the eurusd bulls... My fault
  • #1,085,625
  • Jan 3, 2017 10:27am Jan 3, 2017 10:27am
Quoting jusstin911
i doubt the trap for bulls tho,,, just maybe the GAP can be filled now... maybe
What gap?
  • #1,085,626
  • Jan 3, 2017 10:30am Jan 3, 2017 10:30am
This EUR/USD makes no sense, how can USD Index made a huge drawback within 2hour.
Odd numbers are odd.
  • #1,085,627
  • Jan 3, 2017 10:36am Jan 3, 2017 10:36am
Quoting rapidace
This EUR/USD makes no sense, how can USD Index made a huge drawback within 2hour.
Thats the way traps work. Usually triggered by news like this, printing new low/high and immediate strong reversal. Goal is to catch as many traders as possible at the top/bottom and eat their orders. If price breaks pre-news level after spike, reversal will follow. If price doesn't break the pre-news levels (but might retrace very close to them), trend will continue.

Don't forget markets are deliberately confusing.
  • #1,085,628
  • Jan 3, 2017 10:40am Jan 3, 2017 10:40am
mmm yess...

don't you guys feel the aura of bloodshed today? so many losses...


god i'm sadistic as hell...

Attached Image
  • #1,085,629
  • Jan 3, 2017 10:42am Jan 3, 2017 10:42am
That was honestly very ugly for the first trading day of the year.
  • #1,085,630
  • Jan 3, 2017 10:45am Jan 3, 2017 10:45am
hmmmmm its going high so fast..i think its going down again same fast maybe to 1.0295
  • #1,085,631
  • Jan 3, 2017 10:53am Jan 3, 2017 10:53am
#EURUSD short for a scap @ 1.0419
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1-3-17.png Size: 23 KB
"W. D. Gann said that time is the most important factor among all things."
  • #1,085,632
  • Jan 3, 2017 10:53am Jan 3, 2017 10:53am
Quoting dinumax1
hmmmmm its going high so fast..i think its going down again same fast maybe to 1.0295
Why would they push price down now when they bought so cheap?
  • #1,085,633
  • Jan 3, 2017 10:54am Jan 3, 2017 10:54am
Quoting mades
{quote} What gap?
This one maybe?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-international-capital-markets-4.png Size: 33 KB
  • #1,085,634
  • Jan 3, 2017 10:56am Jan 3, 2017 10:56am
Quoting mades
{quote} Thats the way traps work. Usually triggered by news like this, printing new low/high and immediate strong reversal. Goal is to catch as many traders as possible at the top/bottom and eat their orders. If price breaks pre-news level after spike, reversal will follow. If price doesn't break the pre-news levels (but might retrace very close to them), trend will continue. Don't forget markets are deliberately confusing.

could you explain the price break explanation a bit more please?

I am new and need a better understanding.
Carpe Diem
  • #1,085,635
  • Jan 3, 2017 10:59am Jan 3, 2017 10:59am
Quoting mades
{quote} What gap?
Quoting jusstin911
{quote} This one maybe? {image}


You maybe have that gap, cause your broker opened later, for the brokers that opened on sunday night (like mine) there was no gap at all. I really don't know if in this condition this may be a valid gap.
  • #1,085,636
  • Jan 3, 2017 11:00am Jan 3, 2017 11:00am
Quoting mades
{quote} Why would they push price down now when they bought so cheap?
there are 2ways i think Technical Analysis says its still going down..but its need to go up..its really messy and danger to open trade
hmm i,m still waiting..have u open trade bro?
  • #1,085,637
  • Jan 3, 2017 11:02am Jan 3, 2017 11:02am
Quoting kornrogers
{quote} {quote} You maybe have that gap, cause your broker opened later, for the brokers that opened on sunday night (like mine) there was no gap at all. I really don't know if in this condition this may be a valid gap.
Yea me too.. a bit confused.. if anyone could post they chart too
  • #1,085,638
  • Jan 3, 2017 11:03am Jan 3, 2017 11:03am
Quoting jusstin911
{quote} This one maybe? {image}
I'm sorry but I consider this type of "stock gap" absolutely useless in forex trading and I doubt anyone really pays attention to it. Such weekend gap will be eventually filled, but I wouldn't make any trading decision based on it. Every price level is visited at least twice beside the absolute top or bottom. I've seen gaps like that filled within hours, others within weeks. Also for example, there is no such gap on my eur/usd chart.
  • #1,085,639
  • Jan 3, 2017 11:05am Jan 3, 2017 11:05am
.
What Goes Up Must Come Down - Sir Isaac Newton
  • #1,085,640
  • Jan 3, 2017 11:21am Jan 3, 2017 11:21am
Everyone is talking about EURUSD gap, while the real gap exists in USDX especially on monthly open.
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