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Gap Trading

  • #341
  • Oct 4, 2012 8:11am Oct 4, 2012 8:11am
Quoting Muntu
Agree, any one their version .
Can you tell more about the gaps on the Dax, the preferable times and your tactic?
i am from austria so i wait still market is open @8 am than i wait for the first hour, and if the gap is big enough i take the trade look for the gap today
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  • #342
  • Oct 4, 2012 8:14am Oct 4, 2012 8:14am
not every gap hit the goal for the point, but i said if i have 10 points = 100 euro this is enough for 2 hours work in the morning, so monitor the trade and close it manual this is important
  • #343
  • Oct 5, 2012 3:19am Oct 5, 2012 3:19am
no dax gap today
  • #344
  • Oct 5, 2012 8:00am Oct 5, 2012 8:00am
NFP effect


Quoting frani60
no dax gap today
Patience is magic
  • #345
  • Oct 7, 2012 4:02pm Oct 7, 2012 4:02pm
I trade gaps every sunday, if you guys wanna join me I will post about my live trades

I actually took some live footage of me trading gaps last week (or the one before) if you wanna check it out on my blog = http://www.forextradingnomad.com/liv...sep-23rd-gaps/
  • #346
  • Oct 7, 2012 4:04pm Oct 7, 2012 4:04pm
Market opened for me, only the AUD is moving forcefully, but RBA Gov Stevens is due to speak soon so I will not trade big. (short EA, buy ACAD / AU)
  • #347
  • Oct 7, 2012 4:15pm Oct 7, 2012 4:15pm
A/U Gap
  • #348
  • Edited 5:51am Oct 8, 2012 2:53am | Edited 5:51am
Got it wrong on e/u and e/y last night, as the gaps keep widening. Now back in short, as it seems to be the new trend.
Got it ok with u/chf, which mitigates my loss.
Patience is magic
  • #349
  • Oct 8, 2012 6:19am Oct 8, 2012 6:19am
Quoting Muntu
Got it wrong on e/u and e/y last night, as the gaps keep widening. Now back in short, as it seems to be the new trend.
Got it ok with u/chf, which mitigates my loss.
For me e/u gap was too small. Whats the smallest gap size you will take?
  • #350
  • Oct 8, 2012 9:00am Oct 8, 2012 9:00am
Quoting Krumpip
For me e/u gap was too small. Whats the smallest gap size you will take?
hi. i take 10+ pips not less also in dax

cheers
  • #351
  • Edited 4:14am Oct 9, 2012 3:58am | Edited 4:14am
On my platform the gap was 11 pips.
But I believe the unusual -cooked up?-NFP report brought the big banks into play and they dictated the way to follow.

Quoting Krumpip
For me e/u gap was too small. Whats the smallest gap size you will take?
Patience is magic
  • #352
  • Oct 9, 2012 2:12pm Oct 9, 2012 2:12pm
Do you make the difference between novice gaps VS pro gaps?
Not all gaps are good to trade, especially when you take into account the supply/demand levels.
Here is a video from Sam Seiden (perhaps somebody knows him?) that explains the difference between those 2 types of gaps.
It really helped me when I was starting.

I posted it here http://www.forextradingnomad.com/how...ices-and-pros/
  • #353
  • Oct 10, 2012 4:47am Oct 10, 2012 4:47am
Thanks for sharing, but I find that all those categories are only seen in hindsight , same as continuation or exhausting gaps. You can't tell at the opening which gap will turn what, imho.


Quoting newschool
Do you make the difference between novice gaps VS pro gaps?
Not all gaps are good to trade, especially when you take into account the supply/demand levels.
Here is a video from Sam Seiden (perhaps somebody knows him?) that explains the difference between those 2 types of gaps.
It really helped me when I was starting.

I posted it here http://www.forextradingnomad.com/how...ices-and-pros/
Patience is magic
  • #354
  • Oct 11, 2012 2:41am Oct 11, 2012 2:41am
As you know, I make it a point to trade "The Gap" every Friday. While I missed my specific trade last weekend, I got caught with two open orders. The both gaped in the correct directions giving me $400+ profit.

I liken the Forex to a river. It's level is constantly changing throughout the week from people getting in and out. Over the 48 hour weekend, it settles or moves into equilibrium. Thus, a gap is formed.

It's just an easy way to look at it.
  • #355
  • Oct 21, 2012 2:41pm Oct 21, 2012 2:41pm
Quoting Muntu
Thanks for sharing, but I find that all those categories are only seen in hindsight , same as continuation or exhausting gaps. You can't tell at the opening which gap will turn what, imho.
Can you explain your point more?
The goal in forex trading, or basically all type of trading is to have a definitive % chance of being in profit. You just need to win 51% of the time to be profitable... (compare this to 49% at best if you go to the casino, with something like Roulette)

So by making the difference between pro and novices gaps, and choosing which one to trade by looking at simple things like support/resistance and trend, its possible to increase the overall % chance of being right. Of course we are not aiming at 100% success, but if you can go to 75% that is already very nice.

Anyways market will open in approx 1 hour for me, and I just wanna share a way to have access to pre-market quotes for free with a demo account from Oanda. I just made a quick explanation video about it = http://www.forextradingnomad.com/for...otes-for-free/
  • #356
  • Oct 22, 2012 7:18am Oct 22, 2012 7:18am
In my opinion there is no guaranteed way of saying that a gap, especially an exhausting gap is of such category until the trend reverses and goes against the gap. But maybe I still have some practice ahead.
You don't need to be right 51% of the time, although preferable, you only need your profits when you win to outweigh your losses.


Quoting newschool
Can you explain your point more?
The goal in forex trading, or basically all type of trading is to have a definitive % chance of being in profit. You just need to win 51% of the time to be profitable... (compare this to 49% at best if you go to the casino, with something like Roulette)

So by making the difference between pro and novices gaps, and choosing which one to trade by looking at simple things like support/resistance and trend, its possible to increase the overall % chance of being right. Of course we are not aiming at 100% success, but...
Patience is magic
  • #357
  • Oct 25, 2012 6:50pm Oct 25, 2012 6:50pm
It's an interval which represent on areas where no trading takes place. It has two trends upward and Downward trend.

Upwards, it is shaped while the highest price of one day is less than the lowest price of the following other days.

Downwards, it produced a gap while the lowest price of one day is higher than the highest price of the following days.
  • #358
  • Oct 28, 2012 8:54am Oct 28, 2012 8:54am
i have a good gap EA!
Attached File(s)
File Type: ex4 GapsHoschie.ex4   10 KB | 612 downloads
  • #359
  • Nov 4, 2012 6:00pm Nov 4, 2012 6:00pm
Quoting Muntu
In my opinion there is no guaranteed way of saying that a gap, especially an exhausting gap is of such category until the trend reverses and goes against the gap. But maybe I still have some practice ahead.
You don't need to be right 51% of the time, although preferable, you only need your profits when you win to outweigh your losses.
True, I didnt paint the big picture. If you win as much as you loose, you need that 1%, but if you win 10 times more, you only need 10%.

Anyways today there were no major gaps, and only the Yen pairs showed some signs of volatility. I only took a quick long on EJ at market open (touched the support + small gap), and im already out.
  • #360
  • Nov 5, 2012 4:17am Nov 5, 2012 4:17am
Are there opinions on Hoschi Gap EA?
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