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Do you think you can turn $200 into $400 in six weeks?

dchara01 (dchara01)
Jul 12 2014 at 14:19
126 posts
This thread is getting mad again... :)

@MyFxTrader, Yes, this is a covered gap up!

@ahuruglica, I think @MyFxTrader understood what you are talking about....

@AmberLynn or @Master_Kiwa .... YES! There are GAPS in Forex... they are gaps, they are NOT spread widening, they are NOT spikes... they are GAPS! Stop pretending that you know everything when you actually know a little more than nothing...

In theory, in Forex, no gaps should exist... even the weekend gaps are not really gaps it is simply that brokers are closed during weekends and when they open they miss some transactions that occurred during the weekend...

In reality, however, gaps exist in forex, too! They may occur when brokers are closed, but they may also occur when the markets are open... it's about liquidity... even if you have a TRUE ECN provider as @AmberLynn or @Master_Kiwa suggested you will still get gaps and I don't mean to surprise you if you trade directly with a liquidity provider (such as Saxo or Citi), you can still get gaps... There are times when liquidity does not exist between liquidity providers and these times available funds get distributed by priority, so you get a gap!

@AmberLynn or @Master_Kiwa, I know you don't believe me... and you need proof... so... open an 1M chart of low liquidity currency... such as USD/HKD you will notice that even in normal trading hours, without any extraordinary event, prices are gaping 1-2 pips...




The picture above is from my broker... check it in your broker and post it here... I suppose that you, as a professional trader, you are using a TRUE ECN broker! Right?

P.S. @AmberLynn or @Master_Kiwa, before trying to find an excuse.. keep in mind that the chart above is from MT4 which shows only BID prices, any spread widening would have change the ASK price not the bid price, so those little gaps are not due to spread changes...

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CrazyTrader (CrazyTrader)
Jul 12 2014 at 14:31
1718 posts


As dchara01 said, 50 pips gaps is more likely to happen over the week end, because retail Fx brokers are closed for 2 days. In fact, It not because your broker is closed that world is not running anymore!!!

End of the very constructive MK's comment:
Gap can happen anytime.
Spread widening can happen anytime
Spike can happen anytime.

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dchara01 (dchara01)
Jul 12 2014 at 14:50
126 posts
and since I have been accused several times in this tread that my posts are not creative or productive... as special present to @AmberLynn or @Master_Kiwa ... I posting the chart below:



The target is higher than 10500, that is more than 830 pips away from market price and the SL is only about 140 pips, resulting in risk/reward ratio of 1:6... But you are gonna need to hold this position for some time...

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dchara01 (dchara01)
Jul 12 2014 at 14:59
126 posts
CrazyTrader posted:
...In fact, It not because your broker is closed that world is not running anymore!!! ...


I have to disagree with you here... it is actually because the world IS running, while your broker is closed... and by the time the broker opens it finds the world at a different state than it was when the broker closed!

ahuruglica (ahuruglica)
Jul 12 2014 at 15:03
852 posts
@dchara01

Perfectly explained. Good job.

@CrazyTrader

Good job finding a gap on 1 min chart. I am wondering if that is enough for MK to convince him. Of course it's not enough, you have to find a gap in size of the planet earth. He is MK, it's his style.

dchara01 (dchara01)
Jul 12 2014 at 15:07
126 posts
dchara01 posted:
CrazyTrader posted:
...In fact, It not because your broker is closed that world is not running anymore!!! ...


I have to disagree with you here... it is actually because the world IS running, while your broker is closed... and by the time the broker opens it finds the world at a different state than it was when the broker closed!


Sorry, I re-read what you wrote and it seems that I misunderstood it... :)

CrazyTrader (CrazyTrader)
Jul 12 2014 at 15:19
1718 posts
dchara01 posted:
Sorry, I re-read what you wrote and it seems that I misunderstood it... :)


Unfortunately, I can't say thing in english as I wish.

CrazyTrader (CrazyTrader)
Jul 12 2014 at 15:21
1718 posts
Something funny!!!


The new way to check out if an account is performing well... Guess what... Look at Pip drawdown !

dchara01 (dchara01)
Jul 12 2014 at 15:22
126 posts
:) don't worry nobody in this thread is a native English speaker anyway...

CrazyTrader (CrazyTrader)
Jul 12 2014 at 15:24
1718 posts
Have you ever seen this on MK account profile LOL!!!!

This guy was taking the piss !!!!






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