Fill the Gaps with Guts | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

No Guts, No Glory 49 replies

Fill order problem at FXCM micro 7 replies

Delayed Fill Trading after Midnight EST 0 replies

Outrageous Broker Fill 33 replies

Beware - Order fill glitch screwed me 7 replies

Attachments: Fill the Gaps with Guts
Exit Attachments

Fill the Gaps with Guts

  • #21
  • Jun 9, 2012 3:18am Jun 9, 2012 3:18am
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?
yes indeed forextraerx,i call these reversal fills,you normally find that the price when it turns to fill,infact leaves a gap at that tirning point,and ive found that the reversal fill is closer to 90 % when comparing against the initial fill which is less.or should i say in comparision to the time we want to have our risk in the market and also the drawdown.

if you can see or establish were the gaps are, (not visible on most time frames)you can plot price before it happens,having said that theres a no,of other elements required.what your actually doing at this micro level is, for a better word tape reading,or being aware of the faults that the computer were working from thrives to be 100 % efficient but needs to correct its inefficencies.

ps ,this is my own personel perspective of gaps ect,although my understanding and logic is correct on gaps.my thoughts on why are very much my own conclusions
  • #22
  • Jun 9, 2012 3:38am Jun 9, 2012 3:38am
Quoting forextraderx
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
spot on again,the thing is with this whole topic is that it is much more complex than most people can imagine,from the sunday opening gaps to the micro gaps which is the way price tries to efficiently cover all price levels.

but lets stay on the topic of liquidity gaps,i use this very concept in what i call point top point trading.those open voids are the zones were we as retail traders can capitaize on .if we reconize and understand these zones,we have found a tilt to our advantage .

not sure if it was posted in this thread or the other gap thread,were a poster mentions the indicies .that poster has found somthing which will help you behond belief.its a foot print
  • #23
  • Jun 9, 2012 4:58am Jun 9, 2012 4:58am
Since liquidity is to volume what volatility is to price
(if of the opposite valence):
For low-liquidity -- especially, a weekend gap that shows up easily on the 5' TF -- to keep two wide prices despite an early retrace,
or high-liquidity -- especially, widely-unexpected busiest-session red-flag news -- to keep at one price despite an early, wide swing,
is the penultimate.

My last live (,ignorant) trade was in the latter, in July 2008, the NFP. IMHO, it kind of symbolized on the 1'TF the conclusion of what the EUR/USD was doing for 1 1/2 years before that, reaching the symbol's all-time high.

And the 03252011 weekend gap...
Well, anyway, another study....
  • #24
  • Jun 9, 2012 5:52am Jun 9, 2012 5:52am
Quoting ha-pattern
Since liquidity is to volume what volatility is to price
(if of the opposite valence):
For low-liquidity -- especially, a weekend gap that shows up easily on the 5' TF -- to keep two wide prices despite an early retrace,
or high-liquidity -- especially, widely-unexpected busiest-session red-flag news -- to keep at one price despite an early, wide...
the wkend gap is slightly diferent to what im refering to,dependant upon what broker in what countries your in ,will determine how far behind the price your broker is,this is quite diferent to the liquidity gaps,price generally fills most of the sunday gap through the average of all the relevent brokers unfilled orders at there diferent levels,i would say it is just sweeping away the the wkend cobwebs,unless fundementally price moves for reason,generally price just travels between 2 points making market,
  • #25
  • Jun 12, 2012 4:38pm Jun 12, 2012 4:38pm
heres a great example of the sunday opening gap,ive been trading with these levels since the gap on sunday,todays long was taken from the gap being filled then trading long which would have harvested 120 pips or so,the gap being a point to trade from or below.the 1 hour chart shows its uses
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 181 KB
  • #26
  • Last Post: Jun 12, 2012 4:48pm Jun 12, 2012 4:48pm
heres the longer veiw 1 hour chart to indicate the relevence of vertical channel lines in conjunction with little tales of such things like gaps
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 186 KB
0 traders viewing now