How nearly EVERY pair gap downward?!

OK, I've heard people say before that they close all their positions before the weekend. Well, I had 7 different long positions open on Friday afternoon and the process I'm working on dictated that these should remain open into the coming week. So now I log in to see where the market opened and find that my positions - which were down by ~$10 on Friday afternoon - are now down ~$90. So I open the charts and I see that almost EVERY pair gapped downward to start tonight's session. The only exception I see is AUDNZD (which, of course, is NOT one of the pairs on which I'm long).

How is this possible??? I mean, these pairs are all interrelated in some regard. How can nearly everything gap downward over the weekend?

I previously thought that I was OK with the whole gapping thing. Afterall, if you have 7 long positions, isn't it logical to think that some of them may gap against you but some of them will actually gap FOR you??? I didn't even think it was possible for everything just to go down.

I guess I'm just frustrated. Seems like the markets just take every opportunity available to serve me a heaping sh*# sandwich. Grrrrrr....

What are the pairs? If each one was something against the USD, it could've been an odd coincidence that the GBP & EUR were weaker than the USD over the weekend, yet the USD was weaker against everything else (AUD, CAD, JPY, etc.).

Same here, let's hope these gaps get filled.

I say don't worry too much... most often when a pair gaps down for instance... by the time markets really open, price will return and fill in the gap... I use oanda so the truth is, I do not see the gaps because oanda is 'always open'

But very often if I see price gap down at start of Sunday... then I will look to see price actually go up afterwards...

At the very least, price just comes back to where it started...

Don't worry... step back and look at the big picture... not likely that anything happening on this Sunday afternoon is changing whatever or wherever it was going.

Scalp the gaps lol.

The specific pairs on which I'm long are:

AUDJPY
AUDUSD
CHFJPY
EURCHF
EURJPY
GBPJPY
GBPUSD

But these aren't the only ones that gapped downward.

Most of the pairs you are in have been a 1 way trade lately. Time for the liquididty providers to get some of the stops out of the way. Be patient unless there is some significant news to change the direction it will probably end up the same later in the Asian session.

Yeah, what XLInvestor said. Almost all of those pairs are either USD or JPY as the secondary currency. The USD has been weak for at least two or three years now, and the USDJPY has been range bound for the past five or six months, meaning that recently it is about as weak as the USD. Some of the hanging orders below current prices needed to be taken out. The EURCHF gapping down could've just been a fluke.

If you're trading in the long term, this shouldn't make a difference... unless you had stops that were just taken out.

I realize that the market is wild and it's probably pointless to try to explain this stuff, but I don't think anyone is really focusing on my central issue here. Yes, most of my long trades are held against the dollar or the yen, but that doesn't explain how nearly everything opens down.

USDJPY - gapped down

EURUSD - gapped down - The first pair gapped down indicating that the dollar is weak - so then the EUR gaps down against the dollar???

GBPUSD - gapped down - See EURUSD comment.

USDCHF - gapped down, albeit only by a few pips

USDCAD - gapped down by a few pips

AUDUSD - gapped down - See EURUSD comment.

EURGBP - opened down a pip

EURJPY - gapped down

GBPJPY - gapped down

EURCHF - gapped down

CHFJPY - gapped down

GBPCHF - gapped down

EURAUD - actually gapped UP by a few pips

EURCAD - gapped down

AUDCAD - gapped down

AUDJPY - gapped down

NZDUSD - gapped down

AUDNZD - gapped UP

CADJPY - gapped down by a few pips


So of 19 pairs, 17 of them opened down. Regardless of any explanation of weakness in the yen or dollar, I just find this to be rather amazing. Am I the only one who feels a bit incredulous about this?