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- Prospect replied Mar 27, 2017
I can't imagine the sell order flooding the market prior to London open. EUR?USD can decide to turn into a rock and just stay here, they have a speech and spike it up before dropping it! This gap up was set up by news events prior to US MARKET CLOSE.
- Prospect replied Mar 26, 2017
Many people seem to believe so, at least social traders. I think bears the last 2 months have been hurting greatly. When will they decide to change direction?
- Prospect replied Mar 26, 2017
That is exactly what I did. I over-leveraged assuming that the market would gap up, and that is what it did. I shared the snapshot of my account. Now I am awaiting EU to give me another entry.
- Prospect replied Mar 26, 2017
I guess people believe GOLD is the best investment, because once all FIAT currencies hit 0 then it will be GOLD that will be used to exchange goods. That is what most assume!
- Prospect replied Mar 26, 2017
What do you think about this video? video
- Prospect replied Mar 26, 2017
Looking back at the way EUR/USD traded last week, every time it made a new high, The price would drop rapidly. I believe it traded the same way 3 times the entire week, and with the news which came out right before US market close that caused the ...
- Prospect replied Mar 26, 2017
It looks like I should of held that buy. The gap doubled my account 1.5x over. So I'll take the week off.
- Prospect replied Mar 26, 2017
I don't think it will gap past my TP but it is 1.08519 image
- Prospect replied Mar 26, 2017
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.
- Prospect replied Mar 26, 2017
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.
- Prospect replied Mar 26, 2017
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.
- Prospect replied Mar 26, 2017
Feeling like the World has come to an end; margin call".
- Prospect replied Mar 26, 2017
The account which I showed is my "gap account" which I use only on pairs which I believe will gap. Not only did EU close at weeks high, it also formed a triple top, and 1 hour before forex close EU had a big time sell off which dropped it 40 pips ( ...
- Prospect replied Mar 26, 2017
Sure look like it. Maybe the trump effect has worn off? Then again EU can go up to 1.13 and still remain in downtrend. Clearly this gap move is a sneeky attempt to make the bears scared. The close last week must of had a ton of sells for them to gap ...
- Prospect replied Mar 26, 2017
As you can see, I am 50gbp long on EU as I loaded up for a gap prior to close.
- Prospect replied Mar 26, 2017
1.0845 showing now. My lord if EU opens there,I am afraid over 70% of FF real account holders will be in big red! Many people entered fresh shorts before us market close.
- Prospect replied Mar 26, 2017
I am aware that off market quotes can be vety different. I just would find.the gap interesting considering right before us close Usd had its rally and once US market closed... EU spiked back up 50% and now a gap up towards Friday High. It is just so ...
- Prospect replied Mar 26, 2017
I am not sure what you are saying,However ai never seen 1.0890 printed on the gap.
- Prospect replied Mar 26, 2017
It is much easier for EU to move up during a Gap, than a normal move. I am pretty sure if it opens at 1.0815+ people will short out of the gate.
- Prospect replied Mar 26, 2017
I just checked xe.com and it shows EU at 1.0819....I hope it opens there and shoots up!