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Gap Trading Strategy

lovethepips (lovethepips)
Jul 15 2019 at 12:29
14 posts

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

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

stesens
Sep 10 2019 at 10:18
11 posts
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 (togr)
Sep 10 2019 at 10:56
4862 posts
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
Sep 11 2019 at 11:13
10 posts
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 (togr)
Sep 11 2019 at 14:17
4862 posts
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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