Hi,
I have two questions about the gaps that sometimes appear on the resumption of trading after the weekend.
1. If I am short on a pair with a stop loss of say 90.00 and then there is a gap up to 90.20 on the Monday open, is my stop taken out at 90.00 or 90.20?
and
2. Does anyone play these gaps for potential profits? I know many prefer not to hold over weekends, but this week saw a gap on EURUSD of over 80 pips. If you try to play these, what is your strategy?
Thanks in advance,
Bob
I have two questions about the gaps that sometimes appear on the resumption of trading after the weekend.
1. If I am short on a pair with a stop loss of say 90.00 and then there is a gap up to 90.20 on the Monday open, is my stop taken out at 90.00 or 90.20?
and
2. Does anyone play these gaps for potential profits? I know many prefer not to hold over weekends, but this week saw a gap on EURUSD of over 80 pips. If you try to play these, what is your strategy?
Thanks in advance,
Bob