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

To put it into perspective, here's an illustration of a 'gap'..

@MyFxTrader

Clearly you don't understand 'time frame'. As I tried to explain many times. If you create same chart on monthly time frame gap would not be visible.

If you create monthly graph, you cant see the gaps from week to week (or day to day on stocks)

As if you create 1m chart you can't see what happened second to second.

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...

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.

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...

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!

@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 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... :)

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.

Something funny!!!


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

:) don't worry nobody in this thread is a native English speaker anyway...

Have you ever seen this on MK account profile LOL!!!!

This guy was taking the piss !!!!

CrazyTrader posted:
Have you ever seen this on MK account profile LOL!!!!

This guy was taking the piss !!!!

LOL!!! I really like the fact that he is speaking for himself in plural :D

CrazyTrader posted:
Something funny!!!


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

Please take a closer look! In the above video @Master_Kiwa has a bookmark of Mechie's profile on myfxbook.com on his chrome bookmark toolbar.... coincidence???

Do you want to see the funniest fact about Master Kiwa.

His first post. One year ago (18 april 2013) he was thanking experienced traders (people like us) for pointing out SCAMS. The ignorance is, within a year he became a scam too. LOL

more funny facts about @AmberLynn, @Master_Kiwa and mechie...

dchara01 posted:
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...

 What your chart is NOT showing gaps... Each tick between that range has simply been touched. That in no way is a GAP. What most people would consider a gap is what Super trader displayed. Yet, your chart is simply missing the high/low of a candle. That can be caused by many issues, which could be with the connection between yourself and the broker. Not to mention the data in a chart can be manipulated within mt4 itself.
 
  What adifx is pointing about his trades being closed in less then 1 second isn't because of a GAP, but because at the moment of him deciding to enter into the market, it was during one of the biggest news events. When that occurs your SPREAD becomes wide, and in the cause of his broker he was filled (the limit order) and stopped out at the same time, because the spread was wider then then the limit and sl.

 The market WILL NOT for example GAP to another price as Adifx WOULD suggest. Meaning the bid price will never cross higher then the ASK, then all of a sudden go back under. If ADifx HAD SIMPLY recorded his mt4 screen, revealing the tick chart that would be the only way for him to PROVE that the price teleported and all of a sudden came back. Yet that is information which he doesn't have so unfortunately his claim will continue to be a fairy tale. Like Santa clause.

Contact Limka book of record.


Lol, I knew that was something special about him.

The guy requires a long post jus to make behind tho ones that tell the truth about him.

MK I know why you are not civilized. Because you are from Bangladesh.