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  • #1,100,141
  • Mar 28, 2017 2:10pm Mar 28, 2017 2:10pm
Quoting Don96
{quote} Yes... my point is in order for a gap to not get filled whether it be on the day or day after, the price would.never go there again... hence why the probabilities are high... and if you take into account that gaps are usually small... probably close to that percentage.. chances are they are going to be closed... There is no obligation for price to move to the gap
No, thats not the thing the 75% probability to fill it in d+1 means that if it will fill in one week it counts as not filled in d+1...you got it?

I'm completly aware of the fact that there is no obligation to fill the gap because the market does not follow strict natural rules, but this is just statistic...and statistics are very important in financial markets

edit: but i got your point concering very small gaps which get filled, there is nothing to hold against that one
https://twitter.com/BeauBuyer
  • #1,100,142
  • Mar 28, 2017 2:10pm Mar 28, 2017 2:10pm
gap:

there is no such thing as gap in forex market.
it's your broker's delayed open price.
whenever there is a rapid move, market at some point will come back and revisit because there is order sitting in there.
not because there is a gap in the chart.
  • #1,100,143
  • Mar 28, 2017 2:14pm Mar 28, 2017 2:14pm
Is anyone on this retracement trade .
  • #1,100,144
  • Mar 28, 2017 2:15pm Mar 28, 2017 2:15pm
Quoting Curren
Is anyone on this retracement trade .
got long
  • #1,100,145
  • Mar 28, 2017 2:16pm Mar 28, 2017 2:16pm
Shit! What happened here?
There was no sign of weakness all day..
I waited for 1.0788 but it couldn't even close below 1.0850 at the time of London closed shop.
Dammit!
  • #1,100,146
  • Mar 28, 2017 2:17pm Mar 28, 2017 2:17pm
Quoting renanvito
{quote} got long
If you draw a fib from .0872 to .0798 then where would you take profit based on fib %
  • #1,100,147
  • Mar 28, 2017 2:18pm Mar 28, 2017 2:18pm
Quoting pkimnyc
gap: there is no such thing as gap in forex market. it's your broker's delayed open price. whenever there is a rapid move, market at some point will come back and revisit because there is order sitting in there. not because there is a gap in the chart.

I believe this discussion has been made over here hundreds of times mate.
  • #1,100,148
  • Edited 2:31pm Mar 28, 2017 2:19pm | Edited 2:31pm
took a short at 1.08111....goodness see how impatient i am . tight SL and small position.

edit: lol Stoped out +1. as expected o well no luck
  • #1,100,149
  • Mar 28, 2017 2:21pm Mar 28, 2017 2:21pm
Quoting Curren
{quote} If you draw a fib from .0872 to .0798 then where would you take profit based on fib %
Closed at BE

I would aim 23.6% 1.0816
  • #1,100,150
  • Mar 28, 2017 2:28pm Mar 28, 2017 2:28pm
Quoting Don96
{quote} im afraid if you look at it like this... in order for the gap to not get filled... the price will NEVER EVER go back to the price of the so called gap... in this case the Friday close... it means EU would stay above friday close by at least lets say 1 pip FOREVER
hey Don gap got closed . Which does not mean every gap gets closed but in some markets most of them do .

Which does not mean either that it is a sure thing 100% , it's just a good probability

they can even get closed on D+2 or D+3 , in this case it got closed on D+1 , but it is still a valid pattern
  • #1,100,151
  • Mar 28, 2017 2:29pm Mar 28, 2017 2:29pm
Quoting renanvito
{quote} Closed at BE I would aim 23.6% 1.0816
Pardon my ignorance but what's "BE"
  • #1,100,152
  • Mar 28, 2017 2:34pm Mar 28, 2017 2:34pm
Quoting Connors
{quote} I believe this discussion has been made over here hundreds of times mate.
yes mate.
back then, i was the moron and i used to get in heated argument with cloggie.
now i finally understand his frustration...
  • #1,100,153
  • Mar 28, 2017 2:34pm Mar 28, 2017 2:34pm
Quoting Curren
{quote} Pardon my ignorance but what's "BE"
Curren BE = break even
  • #1,100,154
  • Mar 28, 2017 2:36pm Mar 28, 2017 2:36pm
Quoting Curren
{quote} Pardon my ignorance but what's "BE"
Breakeven, the place where you dont have profit nor loss, entry price + broker fees
  • #1,100,155
  • Mar 28, 2017 2:47pm Mar 28, 2017 2:47pm
Quoting Don96
moved AU to B.e - looking to take half 0.6729 {image}
I was there too:0.7649 +10
  • #1,100,156
  • Mar 28, 2017 3:04pm Mar 28, 2017 3:04pm
Quoting Tradingwithw
{quote} Oh I see- very interesting, why do you choose those times? Was not trying to be rude, as I was not incorrect. unlike your friend Tudor seems to think. Which makes me wonder what he justifies as a veteran trader. I suppose it's based of post count only....certainly not based of coherent trading ability. Anyway, I digress and am not looking for an internet fight- thank you for the answer, very interesting take on the market open and close....for what it's worth... I can guarantee you, as someone associated with institutional...
Learning by doing man, nothing more really. I noticed that it helps me make better judgements on the daily chart but not an ortodox way of handling it I know however there are some who use it exactly like I do.
Never mind.
Good luck to you too..
  • #1,100,157
  • Mar 28, 2017 3:07pm Mar 28, 2017 3:07pm
SL on longs tight...at 1.08 10
  • #1,100,158
  • Mar 28, 2017 3:12pm Mar 28, 2017 3:12pm
was not gap on EURUSD
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  • #1,100,159
  • Mar 28, 2017 3:15pm Mar 28, 2017 3:15pm
Flat already . Not bad today . Have a good night crew .

  • #1,100,160
  • Mar 28, 2017 3:15pm Mar 28, 2017 3:15pm
I currently have two positions open, long on USD. All this political news the last few weeks has me questioning this trade. There is a lot of political uncertainty at the moment, which I really don't like.

Whats everyones view on the USD outlook?
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