Fill the Gaps with Guts | Forex Factory

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Fill the Gaps with Guts

  • #1
  • First Post: Jun 4, 2012 8:30am Jun 4, 2012 8:30am
Getting idea on FX forum I Google the Internet for Gaps strategies and put together a PDF which will be very useful for those who seek the truth.

http://depositfiles.com/files/7unt4mmry

If anybody has more Gaps indicators or constructive ideas on Gaps please, feel free to express yourself.
Enjoy Hermes
  • #2
  • Jun 4, 2012 12:59pm Jun 4, 2012 12:59pm
You may want to read this thread first...

http://www.forexfactory.com/showthread.php?t=361839

Lots of people have lots of opinions on this!
  • #3
  • Jun 4, 2012 8:41pm Jun 4, 2012 8:41pm
He is a real idiot,that's true. Gaps are excellent opportunity because no brain trades. Mondays worst for trading gaps but Tue, Wedn, and Thu are excellent. Friday only down gaps. Important, not to trade gaps over 50 pips, can take long time to fill up. Good help RSI indicator. Good idea to trade only half (50%) of the gap to be sure. E.g gap 40 pips put TP for 20 pips. SL x 2 the gap would be 80 pips. Successful strategy is to enter the gap with no SL or TP and close it before end of market hours without expectation. You would be more times lucky than sorry. Best enter on open of new candle.
Gaps are vacuums which will eventually fill up.
There is a good software for gaps but only for stocks! Would be good to have one also for Forex.
Cheers Hermes
  • #4
  • Jun 4, 2012 9:22pm Jun 4, 2012 9:22pm
They are to risky its a pure gamble as to the direction after the gap and we only get Sundays open for forex anyway.

Stocks different story but holding over night and gapping against you is a regular pain.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #5
  • Jun 5, 2012 5:09am Jun 5, 2012 5:09am
Quoting Jse Alsi
Follow gaps on the indexes , thats your lead , One mkt close ,another opens etc .By the time we get back to the first mkt we have a gap to fill. Simple as that . Why ? Cos the earth is round and we go round and round in circles , or rather up and down up and down on the charts .http://www.forexfactory.com/images/icons/icon12.gif
spot on the money,if you can figure the cyle periods out in conjunction with the gaps its game over.ive been shorting the ftse from 60 level still holding at 53,waiting for completion of point to point at 5146.gaps are not just gaps,they are a map
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  • #6
  • Jun 5, 2012 12:27pm Jun 5, 2012 12:27pm
Well keep shorting the bitch , I am short the Alsi . Has Queenie finished her paaaaarty , u lot been a bit quiet last few days .http://www.forexfactory.com/images/icons/icon7.gif
  • #7
  • Jun 5, 2012 12:38pm Jun 5, 2012 12:38pm
Quoting Jse Alsi
Well keep shorting the bitch , I am short the Alsi . Has Queenie finished her paaaaarty , u lot been a bit quiet last few days .http://www.forexfactory.com/images/icons/icon7.gif
yes its all pretty much over now,apart from the hangovers ,all back to normal tomorrow
  • #8
  • Jun 5, 2012 4:01pm Jun 5, 2012 4:01pm
Don't trade Sunday gaps! That's known to all market makers and specialists and they made contraindications. Trade the Tue, Wed and Thu gaps on all pairs. Down Gaps are vacuums made by human fear and that's exploitable not only by Wall street.
Hermes
  • #9
  • Jun 5, 2012 4:21pm Jun 5, 2012 4:21pm
Quoting hermes777
Don't trade Sunday gaps! That's known to all market makers and specialists and they made contraindications. Trade the Tue, Wed and Thu gaps on all pairs. Down Gaps are vacuums made by human fear and that's exploitable not only by Wall street.
Hermes
what's the difference between down or up gaps on fx?
big numbers are our friends...
  • #10
  • Jun 5, 2012 4:32pm Jun 5, 2012 4:32pm
Quoting hermes777
Don't trade Sunday gaps! That's known to all market makers and specialists and they made contraindications.
If you would be so kind as to explain what "they made contraindications means I would really appreciate that.

In the meantime I beg you to read this post

Quoting HiddenGap
For me, if the market gaps up on Sunday then the gap represents a change in the Supply/Demand Dynamics in the market. Some here have used the term "liquidity gap". That's fine. To me the key is that this gap represents a change in Supply & Demand in the market. Moreover, this gap represents an area where the Big Money has been active. Believe me, if the market gaps on Sunday it is not due to small retail traders making trades. The big boys are behind it....
Thanks
When the Joker is in the deck.. fear not and play it well
  • #11
  • Jun 8, 2012 7:45pm Jun 8, 2012 7:45pm
It means that the market makers and institutional traders make a fake entries of buys and sells. Contrary Spikes are also part of it.
Hermes
  • #12
  • Jun 8, 2012 8:31pm Jun 8, 2012 8:31pm
If only it was as easy as markets gapped up, short it profit, we could all get rich trading $1000 per pip once per week, ie just the gaps.

Sometimes it fills, sometimes it sees 100pips higher and crushes all the gaps must fill brigade.

Obviously if your a scalper then you can scalp it but thats uber short term momentum play so pretty safe really.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #13
  • Jun 8, 2012 9:13pm Jun 8, 2012 9:13pm
Quoting Turveyd
If only it was as easy as markets gapped up, short it profit, we could all get rich trading $1000 per pip once per week, ie just the gaps.

Sometimes it fills, sometimes it sees 100pips higher and crushes all the gaps must fill brigade.

Obviously if your a scalper then you can scalp it but thats uber short term momentum play so pretty safe really.
Not sure if anyone brought this up yet...but, i personally love trading gaps...but not to fill...

I actually fade the move into the "fill."

Here's a pic.

I still call this a gap trade...what do others call it?
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  • #14
  • Jun 8, 2012 9:39pm Jun 8, 2012 9:39pm
Quoting forextraderx
Not sure if anyone brought this up yet...but, i personally love trading gaps...but not to fill...

I actually fade the move into the "fill."

Here's a pic.

I still call this a gap trade...what do others call it?
"Originally Posted by HiddenGap http://www.forexfactory.com/images/buttons/viewpost.gif
For me, if the market gaps up on Sunday then the gap represents a change in the Supply/Demand Dynamics in the market. Some here have used the term "liquidity gap". That's fine. To me the key is that this gap represents a change in Supply & Demand in the market. Moreover, this gap represents an area where the Big Money has been active. Believe me, if the market gaps on Sunday it is not due to small retail traders making trades. The big boys are behind it....

You might have noticed the above post. Too tired to look up the original .
When the Joker is in the deck.. fear not and play it well
  • #15
  • Jun 8, 2012 9:52pm Jun 8, 2012 9:52pm
Quoting Slim Buffett
"Originally Posted by HiddenGap http://www.forexfactory.com/images/buttons/viewpost.gif
[i][color=black][font=Verdana]For me, if the market gaps up on Sunday then the gap represents a change in the Supply/Demand Dynamics in the market. Some here have used the term "liquidity gap". That's fine. To me the key is that this gap represents a change in Supply & Demand in the market....
lol. ok...skimmed it, but ya. agree with what hidden is talking about...and in fact, fully agree with the concept of "liquidity gap"...as this is all a "gap" really is anyway...it's a zone of relative illiqiudity between two other points of more liquid exchanges...not gonna go into it more here...but ya, we're all on the same page it seems.

X
  • #16
  • Jun 8, 2012 10:06pm Jun 8, 2012 10:06pm
Quoting forextraderx
but ya. agree with what hidden is talking about......not gonna go into it more here...but ya, we're all on the same page it seems.

X
Yes.

Which is fairly amazing since I consistently try to avoid being agreeable.
When the Joker is in the deck.. fear not and play it well
  • #17
  • Jun 8, 2012 10:16pm Jun 8, 2012 10:16pm
Quoting Slim Buffett
Yes.

Which is fairly amazing since I consistently try to avoid being agreeable.
Well, lightning does in fact end up striking SOMEWHERE...i suppose.

  • #18
  • Jun 8, 2012 10:19pm Jun 8, 2012 10:19pm
Quoting forextraderx
Well, lightning does in fact end up striking SOMEWHERE...i suppose.

I'm really not sure what that's supposed to mean.

Indeed, lightning does strike somewhere. Is there a point there?
When the Joker is in the deck.. fear not and play it well
  • #19
  • Jun 8, 2012 10:29pm Jun 8, 2012 10:29pm
Quoting Slim Buffett
I'm really not sure what that's supposed to mean.

Indeed, lightning does strike somewhere. Is there a point there?
it was a loosely structured analogy drawn between your comment on your apparently very infrequent agreement with others in general, and the very infrequent experience of lightning striking an individual....

the "somewhere" was a subtle suggestions that was to draw from a larger abstract context of recognizing that certain events, albeit rare, can be experienced by people (namely yourself) in a very direct manner that somehow is able to diminish the previous paradigm of "rare" in having any importance or relevance at all during that particular moment.

It was pretty abstract and not greatly relevent to the specific topic of conversation anyway, so feel free to disregard it.

X
  • #20
  • Jun 8, 2012 11:00pm Jun 8, 2012 11:00pm
Quoting forextraderx
it was a loosely structured analogy drawn between your comment on your apparently very infrequent agreement with others in general, and the very infrequent experience of lightning striking an individual....

the "somewhere" was a subtle suggestions that was to draw from a larger abstract context of recognizing that certain events, albeit rare, can be experienced by people (namely yourself) in a very direct manner that somehow is able to diminish the previous paradigm of "rare" in having any importance or relevance at all during that particular...
Oh... I appreciate the explanation. No need to disregard it. In fact, once you've elaborated it becomes very clear and damn near profound.

I suppose it was a bit more of a complicated response than I expected.
But really interesting.

Thanks
When the Joker is in the deck.. fear not and play it well
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