Sunday Euro open. gap or not to gap

This is a discussion on Sunday Euro open. gap or not to gap within the General Trading Chat forums, part of the Reception category; Gap down, 20 pips. Followed by upwards then consolidation. I would be surprised if sterling had a big downweek then ...

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Old May 1, 2010, 8:15pm   #11
 
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Re: Sunday Euro open. gap or not to gap

Gap down, 20 pips. Followed by upwards then consolidation. I would be surprised if sterling had a big downweek then propped up on the Friday...and if not Friday then a big gap down on Monday for sterling then up all the following week.
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Old May 3, 2010, 1:42am   #12
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Re: Sunday Euro open. gap or not to gap

Didn't really do much at all comapred to the news out. I think this has to be negative for now, maybe not long term but at least for a few days.

Peter
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Old May 4, 2010, 1:10pm   #13
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Re: Sunday Euro open. gap or not to gap

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Originally Posted by wackypete2 View Post
Didn't really do much at all comapred to the news out. I think this has to be negative for now, maybe not long term but at least for a few days.

Peter


The market is telling us everything we need to know I think. Greece is f*cked, and this aid package is a sticking plaster job which merely buys a bit of time.

Portugal and Spain next. Italy should be ok but if not it starts getting serious there.

Euro will have a twenty handle shortly. Longer term, we wil see 1.20 this year.

All in my humble opinion only of course.
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Old May 4, 2010, 1:14pm   #14
 
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Re: Sunday Euro open. gap or not to gap

with any luck we will see a 0.0000 handle sometime
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Old May 4, 2010, 1:18pm   #15
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Re: Sunday Euro open. gap or not to gap

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with any luck we will see a 0.0000 handle sometime
Using TA, I will go long at that point for a short term scalp. Could be my holy grail!

Peter
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Old May 4, 2010, 1:20pm   #16
Joined Sep 2008
Re: Sunday Euro open. gap or not to gap

BY the way, in case anyone cares I'm perfect on my two eur trades this morning(not posted)...2 trades, 2 losers, 100% loss ratio.
Where's my prize?

Peter
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Old May 4, 2010, 3:02pm   #17
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Re: Sunday Euro open. gap or not to gap

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Originally Posted by N Rothschild View Post
with any luck we will see a 0.0000 handle sometime

So long as you close your long by then Rothy
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Old May 4, 2010, 3:03pm   #18
Joined Jan 2009
Re: Sunday Euro open. gap or not to gap

It's tough to think of any positive reasons for wanting to be long euro right now, I think we'll see it down at 1.25 by the end of the month.
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Old May 4, 2010, 3:08pm   #19
 
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Re: Sunday Euro open. gap or not to gap

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Originally Posted by Sunshine On Leith View Post
So long as you close your long by then Rothy
never!
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