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; will euro gap on the open and if so which way? assuming no greek news comes out and as today ...

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Old Apr 30, 2010, 9:21pm   #1
 
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Sunday Euro open. gap or not to gap

will euro gap on the open and if so which way?

assuming no greek news comes out and as today is green candle i'll say small gap up.
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Old Apr 30, 2010, 9:24pm   #2
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Re: Sunday Euro open. gap or not to gap

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Originally Posted by oiltanker View Post
will euro gap on the open and if so which way?

assuming no greek news comes out and as today is green candle i'll say small gap up.
Is this a weekend trade?
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Old Apr 30, 2010, 9:40pm   #3
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Re: Sunday Euro open. gap or not to gap

Absent any news on Greece I think euro will open near or slightly higher than today's close. I would think no news is unlikely and any news is more likely to be euro negative, so open much lower than today's close.

Either way, I'm not a weekend gambler! All flat here.

'til then...

Peter
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Old Apr 30, 2010, 9:48pm   #4
 
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Re: Sunday Euro open. gap or not to gap

Gap up, followed by a plummet.
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Old Apr 30, 2010, 10:28pm   #5
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Re: Sunday Euro open. gap or not to gap

This Greek sh-t has been going on for a couple of months now, and they still haven't received a penny (pfennig??). There's another meeting this weekend, I reckon they'll announce something juicy and there will be a HUGE gap higher. Having said that, I'm short. Who the f-ck knows..
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Old Apr 30, 2010, 10:29pm   #6
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Re: Sunday Euro open. gap or not to gap

Long gold is the hedge for everything right now, forget eur/usd, it's been in a range since mid feb.. commodities move more in an hour than eur/usd does in a month.
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Old Apr 30, 2010, 10:30pm   #7
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Re: Sunday Euro open. gap or not to gap

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Who the f-ck knows..
Exactly, hit the nail on the head there.
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Old May 1, 2010, 11:50am   #8
 
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Re: Sunday Euro open. gap or not to gap

oiltanker started this thread its a bit of idle fun
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Old May 1, 2010, 2:29pm   #9
 
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Re: Sunday Euro open. gap or not to gap

gap higher.
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Old May 1, 2010, 8:07pm   #10
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Re: Sunday Euro open. gap or not to gap

Who is left to sell euros? Surely anyone who wanted to sell would be short by now, and let's be honest, how much worse can the news get? Maybe in a month the focus will shift to some of the indebted "countries" of the US, whose situation is as if not more precarious than Greece.

I'm short eur/usd and have been for many weeks as an intermediate trend trade, but it's been a frustrating position to have on. I looked back at the last mega-trend in eur/usd, from 0.85 to 1.60 - that took about 8 years so about 3-4 pips a business day of NET movement (if that makes sense). In other words, I do believe we can see 1.10-1.20 in eur/usd, but it might take a while, with the occasional sharp rallies.

150 pip gap higher open on Monday.
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