DislikedAgree, any one their version .
Can you tell more about the gaps on the Dax, the preferable times and your tactic?Ignored
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DislikedDo you make the difference between novice gaps VS pro gaps?
Not all gaps are good to trade, especially when you take into account the supply/demand levels.
Here is a video from Sam Seiden (perhaps somebody knows him?) that explains the difference between those 2 types of gaps.
It really helped me when I was starting.
I posted it here http://www.forextradingnomad.com/how...ices-and-pros/Ignored
DislikedThanks for sharing, but I find that all those categories are only seen in hindsight , same as continuation or exhausting gaps. You can't tell at the opening which gap will turn what, imho.Ignored
DislikedCan you explain your point more?
The goal in forex trading, or basically all type of trading is to have a definitive % chance of being in profit. You just need to win 51% of the time to be profitable... (compare this to 49% at best if you go to the casino, with something like Roulette)
So by making the difference between pro and novices gaps, and choosing which one to trade by looking at simple things like support/resistance and trend, its possible to increase the overall % chance of being right. Of course we are not aiming at 100% success, but...Ignored
DislikedIn my opinion there is no guaranteed way of saying that a gap, especially an exhausting gap is of such category until the trend reverses and goes against the gap. But maybe I still have some practice ahead.
You don't need to be right 51% of the time, although preferable, you only need your profits when you win to outweigh your losses.Ignored