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  • #1,099,301
  • Mar 26, 2017 2:51pm Mar 26, 2017 2:51pm
Quoting tstivers
{quote} So what you're saying is this? {image}
yes that is better
  • #1,099,302
  • Mar 26, 2017 2:51pm Mar 26, 2017 2:51pm
Quoting Prospect
{quote} Hopefully, EU gaps up and lets me get out!
Good luck, dude. I know from experience that a big gap can be pretty thrilling.... at least if it's in your favor. But now if it's the WRONG direction?... hmm... what's the opposite of "thrilling"?
  • #1,099,303
  • Mar 26, 2017 2:51pm Mar 26, 2017 2:51pm
Guys/Gals, we are still an hour away from open relax

If we open 1.084x, I will short into it. Nothing has changed over the weekend, even if EU was a buy (it's not)- the gap *should* be short lived. 1.08724 high most likely will not be closed on a Sunday

Congrats to all those that longed on Friday- supposing you take some profit on the gap.
  • #1,099,304
  • Mar 26, 2017 2:53pm Mar 26, 2017 2:53pm
Quoting Ratmach
{quote} Good luck, dude. I know from experience that a big gap can be pretty thrilling.... at least if it's in your favor. But now if it's the WRONG direction?... hmm... what's the opposite of "thrilling"?
Feeling like the World has come to an end; margin call".
Let us talk forex.
  • #1,099,305
  • Mar 26, 2017 2:53pm Mar 26, 2017 2:53pm
Personally wouldn't short this until at at least 1.09 - 1.0935 maybe 1.0875. Should be a fun open though wonder if they go for gap fill right away or leave for a while until everyone forgets about it.
Loser trying to become a winner!
  • #1,099,306
  • Mar 26, 2017 2:55pm Mar 26, 2017 2:55pm
well, they built positions on AUD but its the only pair that dropped against the dollar on pre market... also the only pair im trading and long on nice (EDIT: NU dropped a little)
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  • #1,099,307
  • Mar 26, 2017 2:56pm Mar 26, 2017 2:56pm
Quoting UAEtraderS
{quote} I think you won {image}
So far so good. I just wonder if my broker will open right away and allow me to trade it. Most people will be shorting, but I rather take profit and move on. EU is a dinosaur and it moves slowly to the upside.
Let us talk forex.
  • #1,099,308
  • Mar 26, 2017 2:57pm Mar 26, 2017 2:57pm
Quoting MyOpinion
Personally wouldn't short this until at at least 1.09 - 1.0935 maybe 1.0875. Should be a fun open though wonder if they go for gap fill right away or leave for a while until everyone forgets about it.
I don't see it opening nearly 80 pips on no news overnight. This gap to 1.0840 is only 20 pips higher than last weeks high. Anything more than that is a bit off the wall.
Let us talk forex.
  • #1,099,309
  • Mar 26, 2017 2:58pm Mar 26, 2017 2:58pm
Quoting Curren
{quote} A better piece of advice here, well I need to practice what I am gonna preach for is that, this is called an impulsive trading behavior. I had that too, and it cost me dearly. A better practice is that before you place a trade, think institutional, which means, place a line "Not an open position" and determine about 50 pips below or above the line depending you are going short or long. Then wait.... and monitor, you will get the right answer to your timing of the trade. In other words, place your position where typically would be your SL.....
Oh yeah, I know. Resisting impulse is one of the tougher things to do. My really bad one used to be just before major news releases. I KNEW I should just sit on my hands until AFTER it broke, and THEN decide if/when to jump in. But more often than not, just a minute or so before, I'd get this urge... "I'm almost certain it's gonna spike up (or down), but if I wait I'll miss it. So let me get in now, and ride the rocket!" And of course I paid the price a few times. I haven't done that for awhile now, so I'm getting better... but I gotta admit the temptation is still there. (They need something like AA for Forex traders...)
  • #1,099,310
  • Mar 26, 2017 3:01pm Mar 26, 2017 3:01pm
anyway - week start balance £27
  • #1,099,311
  • Mar 26, 2017 3:01pm Mar 26, 2017 3:01pm
Quoting Tradingwithw
Guys/Gals, we are still an hour away from open relax If we open 1.084x, I will short into it. Nothing has changed over the weekend, even if EU was a buy (it's not)- the gap *should* be short lived. 1.08724 high most likely will not be closed on a Sunday Congrats to all those that longed on Friday- supposing you take some profit on the gap.
This time its not about nothing changed over the weekend, the gap is way over due, the prices on EURUSD was supposed to shoot up on Friday, but since it was late Friday, and the news keep flicking around Trump got the approval and did not get the approval. With the Euro celebration, and possibility for Euro rate hike in the upcoming ECB session, and a lot of humming going around economic strength and revival of the Euro Zone. With exactly the opposite bad sentiment around Trump's upcoming policy. As far as USD, now the markets want the proof that Trump is able to pull out a policy and he is capable of gaining approval on new policies. Until then, USD is tanking, and Euro will be spiking upwards. Any attempt on shorting will cost you dearly....
  • #1,099,312
  • Mar 26, 2017 3:01pm Mar 26, 2017 3:01pm
I seriously dont think shorting as soon as your broker opens up is a good idea, the size of the gap and the important level it has now hit is way too dangerous to short. There are gazillion stops around 1.0850 which can easily take the price now to 1.09xxs.
If I were long, obviously I would take profit but going short straight away here @1.0840+? No.
I'd rather wait at least until the first hour of London session.
Good luck everyone, need to revise my weekly plan.
  • #1,099,313
  • Mar 26, 2017 3:02pm Mar 26, 2017 3:02pm
Quoting Prospect
{quote} I don't see it opening nearly 80 pips on no news overnight. This gap to 1.0840 is only 20 pips higher than last weeks high. Anything more than that is a bit off the wall.
yea i don't expect gap to be that big but they could move it up fast on open as everyone goes short expecting gap fill probably with stops above 1.09. Or maybe just fill gap right away... possibilities are endless , gaps are always fun if your on the right side of course!
Loser trying to become a winner!
  • #1,099,314
  • Mar 26, 2017 3:03pm Mar 26, 2017 3:03pm
News is in every way on the Euro side. People seems have forgotten Brexit, Frexit, and Grexit. And Trump is a lame duck instead of a barking dog. So, I don't know what can bring EU down atm.
  • #1,099,315
  • Mar 26, 2017 3:04pm Mar 26, 2017 3:04pm
Nice to see it close to opening to a long waited target. Now I am expecting some retrace this week and then on to next cluster.
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  • #1,099,316
  • Mar 26, 2017 3:08pm Mar 26, 2017 3:08pm
Quoting sakisf
Nice to see it close to opening to a long waited target. Now I am expecting some retrace this week and then on to next cluster. {image}

Good luck bro, if it is still around 1.0840s when London opens, I may give it a go but honestly I am a little scared with the size of the gap and where it is sitting.
  • #1,099,317
  • Mar 26, 2017 3:09pm Mar 26, 2017 3:09pm
My broker is showing a pre open gap up.
  • #1,099,318
  • Mar 26, 2017 3:11pm Mar 26, 2017 3:11pm
Quoting Connors
{quote} Good luck bro, if it is still around 1.0840s when London opens, I may give it a go but honestly I am a little scared with the size of the gap and where it is sitting.
Well it just lost 50% of the gap, so I don't think a Gap and run or even much of a gap is in order. I find it amazing how quotes for gaps can come in so early.
Let us talk forex.
  • #1,099,319
  • Mar 26, 2017 3:17pm Mar 26, 2017 3:17pm
Quoting Prospect
{quote} Well it just lost 50% of the gap, so I don't think a Gap and run or even much of a gap is in order. I find it amazing how quotes for gaps can come in so early.
Don't think it ever hit 0890. Even xe.com/BB true prices start at 7-8pm GMT, prices before that are not true. It can even show 1.10 in Saturday but it resets at 7pm.
  • #1,099,320
  • Mar 26, 2017 3:18pm Mar 26, 2017 3:18pm
Quoting Connors
{quote} Good luck bro, if it is still around 1.0840s when London opens, I may give it a go but honestly I am a little scared with the size of the gap and where it is sitting.
It's not bad for a small short with tight sl after spreads settle. If I am not asleep I will give it a go.
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