Overnight Trading

This is a discussion on Overnight Trading within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by Tanguero Indeed. And what's the take for tonight? To me it looks like EU is ready for ...

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Old May 27, 2011, 6:13am   #33
Joined Sep 2010
Re: Overnight Trading

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Originally Posted by Tanguero View Post
Indeed. And what's the take for tonight? To me it looks like EU is ready for a major move up overnight: I am in @4142.3 SL40 TP4270.
Wow.Spot on Tang,what did you see?
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Old May 27, 2011, 6:59am   #34
Joined May 2010
Re: Overnight Trading

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Originally Posted by jonboysport View Post
Wow.Spot on Tang,what did you see?
Yes! 127.7 fat pips! Well, it was a splitofasecond decision after looking at 1hr chart: it should go up! Then of course some formal analysis: EW and the idea that wave e is to happen soon, checked that wave d down is the same size as wave b, and this move up from 6pm yesterday looked very much like positioning. Also checked volumes and indeed saw such positioning at the bottom. A few line studies were showing the likely target (plus the size of wave a), so all lined up for a nice trade.

Edit: forgot to mention that this sharp leg down, wave d, on 5min at the bottom part had many bottom tails - a sign not to trust its direction, not to be scared.
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Old May 28, 2011, 12:25pm   #35
Joined Sep 2010
Re: Overnight Trading

Awesome, def look into this as could use another system to offset (hopefully not compound) losses, if a gu trade goes tits this could indicate not to take that paticular pair overnight?
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Old May 28, 2011, 1:43pm   #36
Joined Sep 2010
Re: Overnight Trading

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No problem, thats what this site is all about!
Nick
Thanks for this idea Zcar, interesting stuff.

What is the spread on the AUD/USD and AUD/EUR, I'm using IG index?

Also, what about AUD/GBP?

Again, many thanks, this will hopeully help me as morning trading is not always poss!!
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Old May 28, 2011, 3:56pm   #37
 
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Re: Overnight Trading

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Originally Posted by rainmaker964 View Post
Thanks for this idea Zcar, interesting stuff.

What is the spread on the AUD/USD and AUD/EUR, I'm using IG index?

Also, what about AUD/GBP?

Again, many thanks, this will hopeully help me as morning trading is not always poss!!
Check the Gap trading spreadsheets, as we have 15 -20 main pairs on there with IG and SLM spreads listed i'm pretty sure these are all included and in the 2 pip to 4 pip range.

M
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Old May 28, 2011, 4:00pm   #38
Joined Sep 2010
Re: Overnight Trading

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Originally Posted by mark120169 View Post
Check the Gap trading spreadsheets, as we have 15 -20 main pairs on there with IG and SLM spreads listed i'm pretty sure these are all included and in the 2 pip to 4 pip range.

M
Thanks Mark, will do!
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Old May 30, 2011, 9:37pm   #39
Joined Dec 2010
Re: Overnight Trading

I've taken a short position on AE & AU
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Old May 30, 2011, 9:57pm   #40
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Re: Overnight Trading

short AE and AU also
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