Hi Sey! Looks like the AUD has taken a real beating the last days. I guess you are just waiting for the right moment. What kind of pattern are you waiting for here (EUR/AUD)?

My view journal

I also would like to see 1.3250 taken out.

EurAnalysis

To me there is no such thing as gaps in a market that is always open. I do however pay attention to session gaps. Lets say London session "closes" at 1.324 and "opens" at 1.33. That is a session gap. Try to find them and see how the trading look ...

EurAnalysis

Happy New Year to you too and everyone else. Its been good to be away for a while. Green pips to you all. Still bearish on fibre?

EurAnalysis

Yes the spread is a lot bigger (not a 100 but maybe 10 pips on EUR/USD), but there is a market and trades do take place. Reuters feeds prices on currencies during the weekend and we are talking about a decentralized market that never sleeps. It is ...

EurAnalysis

The market never closes just your broker. EDIT: The interbank market for currencies is always open. The retail brokers close during the weekend (and certain holidays). This means that the banks can trade when you can't and they move the market ...

EurAnalysis

I used to be with them but left because of the way they handled slippage. Now I'm in the process of getting back with them. I wont recommend them because I think that you should do you due dilligence youself (and I guess thats what you are). I also ...

EurAnalysis

TheSwede +180k

EurAnalysis

PT any competition for NFP numbers today?

EurAnalysis

Hi! Missed some time... Whats your take on the ECB rate today and following press conference?

EurAnalysis

It's summer volumes. A good time for vacation and looking over strategies. Not so good for trading.

EurAnalysis

Isn't that misspelt? Shouldn't it be bear?

EurAnalysis

Maybe it is controversial. All i want is that people understand that there really isn't a gap. Otherwise they have the wrong assumption. If they then trade it thats fine with me.

EurAnalysis

No not necessary. The average range is just an average. Don't trade on that. we have seen days that move the price over 350 PIPS.

EurAnalysis

Aha that explains it all, when will he load more longs?

EurAnalysis

Yes, but only if the people with enough money to move price, thinks about them, and in this case I'm not to sure.

EurAnalysis

You need to stop thinking about a Gap, there is none. Its just the opening and closing of retail traders. Trading is going on over the whole weekend, just not for us retailers.

EurAnalysis

Cant help but think that the US session will bring fibre even higher...

EurAnalysis

What happened now. 20 PIP sell off in 20 minutes at this time of the day?

EurAnalysis

Tom take it easy

EurAnalysis