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Gap Trading Strategy
lovethepips

Member Since Dec 05, 2016  14 posts Samuel Morton (lovethepips) Jul 15 2019 at 12:29

Does anyone trade weekend gaps? They fill over and over again, just wondering if any traders take advantage of this. If so, how?

See attached screenshots...











Attachments:

If I can do it, so can you
stesens

Member Since May 29, 2018  11 posts stesens Sep 08 2019 at 22:40
I do. 100% succesful. MM always. Even if goes up or down by 300 pips....do you have a system on that gaps?

kamikazebogeyman

Member Since Sep 10, 2019  7 posts kamikazebogeyman Sep 10 2019 at 09:55
This seems very interesting. How do you determine stop loss?

stesens

Member Since May 29, 2018  11 posts stesens Sep 10 2019 at 10:18
as usual - the quantity of funds that I am ok to lose in that trade. 1%, 2% 10%....it depends on many factors. Trend. Sentiment. Market conditions. And also the size of the gap....very important factor....

togr

Member Since Feb 22, 2011  4795 posts vontogr (togr) Sep 10 2019 at 10:56
There is nothing like weekend gap.
Forex is being traded even during weekends.
It it just not allowed nor visible for you.
So you can see the same gap if you for example hide Wednesday and Tuesday on your platform.


brashentries

Member Since Sep 11, 2019  10 posts brashentries Sep 11 2019 at 11:13
togr posted:
There is nothing like weekend gap.
Forex is being traded even during weekends.
It it just not allowed nor visible for you.
So you can see the same gap if you for example hide Wednesday and Tuesday on your platform.




Can you please explain? I have never seen Forex price at the weekend. If it does take place the trading volumes must be tiny and therefore it is as good as market being closed. I still think there is importance between the close on Friday and the open on Monday

togr

Member Since Feb 22, 2011  4795 posts vontogr (togr) Sep 11 2019 at 14:17
brashentries posted:
togr posted:
There is nothing like weekend gap.
Forex is being traded even during weekends.
It it just not allowed nor visible for you.
So you can see the same gap if you for example hide Wednesday and Tuesday on your platform.




Can you please explain? I have never seen Forex price at the weekend. If it does take place the trading volumes must be tiny and therefore it is as good as market being closed. I still think there is importance between the close on Friday and the open on Monday

So called gap is result of trading DURING WEEKEND. You are as retail trader not part of that.
So you see friday close and monday open as a gap, while there are big players trading during weekend.

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