Please disable AdBlock or whitelist EarnForex. R with 8 to 18 pip spreads. In my experience with Forex the weekend gaps are more frequents and visible than the latter. By the way, it's a good strategy to use on all major currency pairs at the same time. Small gap on GU and EU from the weekend but so far no sign of filling.
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I hope you don't find it as a span as at the end of the day I put a lot of effort on it. I trade gaps almost every week often the rr is not very good. There is 1 broker I know that has a price feed open on the weekend. You can see and enter the gaps before "market open" if you dont mind some high spreads when you place the trade. Yeah GAP do fill! Now I think 1. Fundamentals yesterday proved again that are just an excuse for movements of this kind.
For example, the price action of the first three days of this week was telling me that no matter what before going to its bearish trend it must have closed the gap.
Having in mind that I was buying at lows on Monday, Tuesday and Wednesday. Last night after the gap filled I put myself superduper bearish my target was 1.
The secret here is to have in mind that gaps are a powerful thing in forex and they are loved and used by a lot of traders.
Gaps refer to areas on a chart where the price of a currency or stock moves sharply up or down with little or no trading in between. So of what use can a gap be to an investor? Because the tiny area represents a fluctuation in the pricing, a trader can potentially exploit the gap and make a profit. In this article we are going to look at the 4 different types of gaps you will come across.
Gaps can be especially exciting in the forex market, where it is not uncommon for a report to generate so much buzz that it widens the bid and ask spread to a point where a significant gap can be seen. Similarly, a stock breaking a new high in the current session may open higher in the next session, thus gapping up for technical reasons.
The operating window for gaps can be perilously short, as the market tends to fill the gaps in quickly. When a gap does get filled, the price has moved back to the original pre-gap level.
The last gap gives a wrong signal and yields a medium loss. Use this strategy at your own risk. It's not recommended to use this strategy on the real account without testing it on demo first. Do you have any suggestions or questions regarding this strategy? Please disable AdBlock or whitelist EarnForex.
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