Surely not talking about before the close of fridays session....here is another chart a few hours later, notice server time and date at the bottom,ect............

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I can not comment on that day's activity, I would have to watch what happens when the Asian market opens.

I think the weekend volumes are way too light and price is way too volatile.

Let's see what the open brings......

"That days activity" You mean today!? Can you not see the mirror image from todays price action?! Are you looking at what im looking at?!

The 'afterhours' portion of the chart is too identical to be considered realistic.

Thats what i thought but after looking at the shorter time frames there are small differences and 40 - 50 pip market gaps...

That's messed up. Clearly not correct. Very few dealers make a market over the weekend anyway.

I downloaded that demo software out of curiosity, and I don't know where the hell they're getting their info from, but every pair shows trading on the weekend, which is the mirror of the prior day, so saturday is a mirror of friday, and sunday is a mirror of saturday.

that is what stumped me as well, i just wanted to make sure i was seeing that and not going crazy.

Dear All,

Was out of the town for past few days, had only one standing short order at 186 w stop at 186.50 that was filled and killed (-50 PIPs) in the wild moves of Thu/Fri.

Was impressed to see the corrective rally to 193+ on Friday. This is the second rejection of 186 level, but the breach of 186 on this second test leaves me wondering if 180 is still in picture for this week.

As this is another volatile week w LEH and AIG (ugh...have AIG stock that is gasping for air as of now), can't say whether any short-term technicals would hold any water. 186-196 are still the levels that I'm watching and will avoid any trades this week as far as in-between region goes.

If LEH is rescued, I doubt if the markets will rally tomorrow as AIG is coming on the block next and also, the credibility of US Fed is deteriorating with every rescue mission without fundamental changes.

On Friday, the market stopped short of registering a higher high, but did create a lower low on dailies on Thursday, so the trend is still down, IMHO. The adventurous traders may go for shorts if 190 is breached, but I'm staying on the sides till a clear break of 186 happens.

Have a long order at 197 w stop at 196 and target of 205 and a short order at 188 (just below the low of Friday) w stop at 190 and target of 180...otherwise, just grabbing some popcorn and watching the exciting price moves and news this week...

__________________
"The market can stay irrational longer than you can stay solvent" - Keynes

looks like as of right now geppy will open up gapped down according to saxo bank of 300pips. current price is 190.34

Dear Mike,

Yes, on my Oanda platform the quote is 190.50-190.80 (30 PIP spread)...normally the spread is 20 PIPs on Sundays, so the dealers are expecting a wild price movement as well (Barclays pulled out of LEH talks, so LEH is still on the block)....

__________________
"The market can stay irrational longer than you can stay solvent" - Keynes

Dear Maratha, Thank you foe confirmation on this price.

There is also Merrill Lynch (in talks now to merge with Bank of America according to a cnbc.com) after AIG and who knows who else after that... So we may retest or make a lower low (test that 180 area trendline support). These moves are getting faster and faster and bigger and bigger...

Something worth pointing out that I didn't realize until today is that the market paused at the 78.6% fibo retracement level of the 195.65 to 185.95 move around 193.55.

USD trend is now down in the short term, so it is interesting to me that the JPY is hardcore up across the board, as it did the opposite Friday. Goes to show just how difficult it is to predict the direction of JPY crosses.

I think Rix got it nailed. There was clearly some major institutional activity on JPY and CHF over the weekend since Fed was mediating Lehman discussions...

As I said earlier, I will wait to recapture it around 185-186. Lehman story won't go away soon and Fed will have to once again commit the moral harakiri and bail them out. The shi!t will hit the fan and the Fed will cut rates. They will keep on cutting until the housing prices come down and stabilize and unemployment begins to improve.

I take this opp to invite everyone to our new forum at forum.forexahead.com ;
More currency rooms and a standby option to this great forum.

Well, i dono what that price movement was all about on Saturday but that certainly was freaky...

Better buckle up for this week people, there will be some serious chop & turbulence ahead...

Im away in Europe for 10 days, so trade well guys & gals. For the love of God remember to use stops!