Is it really a gap? | Forex Factory

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Is it really a gap?

  • #1
  • First Post: Oct 28, 2007 5:53pm Oct 28, 2007 5:53pm
Below is OANDA's chart of the USD/JPY. The cursor is set at 3:00 EDT today, Sunday, 10/28. Price went from 114.20 down to 114.03 at 18:00.
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Click to Enlarge Name: OANDA gap.jpg Size: 74 KB
  • #2
  • Oct 28, 2007 5:55pm Oct 28, 2007 5:55pm
Attached is Interbank's chart. It shows a gap between Friday and today, from 114.21 down to 114.07.

Just because they don't open until 18:00, that doesn't mean price wasn't moving.

Is it really a gap?
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Click to Enlarge Name: ib gap.gif Size: 13 KB
  • #3
  • Oct 28, 2007 7:03pm Oct 28, 2007 7:03pm
Well, I guess this is a moot point, it's already closed, as is the cable and the geppy.
  • #4
  • Oct 28, 2007 9:30pm Oct 28, 2007 9:30pm
Yeah.. that's the gap !!! You just don't see it on oanda because oanda is always open...

I am trading gap on NZD/USD... I wish it would hurry up and close !! So i can go to bed with no worries !!!
  • #5
  • Oct 28, 2007 10:12pm Oct 28, 2007 10:12pm
Yup, that's a gap. Off hours trading moved the market. OANDA is always open but it cost more to open or close a trade during the weekend.
  • #6
  • Last Post: Oct 29, 2007 2:48am Oct 29, 2007 2:48am
Quoting nitman
Yup, that's a gap. Off hours trading moved the market. OANDA is always open but it cost more to open or close a trade during the weekend.
So the New Zealand trading day is considered off-hours?

Oanda definitely does charge a huge spread on Sunday afternoons!
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