Edit: Would you say that this strategy generally works across all currency pairs? Or am I making too big an assumption?[/quote]
Hey 5.25
Gap closed 47 pips on Eur/JPY too.
I had Oanda set up for E/J, E/G, E/CHF, E/U, G/J, G/U, U/C, U/J & U/CHF.
Out of thoses pairs only E/U and E/J had gaps large enough to trade.
But 2 out of nine, with 47 pips and 58 pips would have been a great start to the week (Just paper traded these last night)
Cheers
Hey 5.25
Gap closed 47 pips on Eur/JPY too.
I had Oanda set up for E/J, E/G, E/CHF, E/U, G/J, G/U, U/C, U/J & U/CHF.
Out of thoses pairs only E/U and E/J had gaps large enough to trade.
But 2 out of nine, with 47 pips and 58 pips would have been a great start to the week (Just paper traded these last night)
Cheers