Morning all ...
Just want to start a discussion ... then i will look to post my trades
So i took a few trades on the USDCAD this morning ... now, maybe i just caught a trend, but i was trading the gaps between close / opening
All 5 min candles, 5 min trades ... but it just worked.
Now, my theroy is simple ... the gap is created because of momentum. So, it stand to reason the trade will go in the direction of the gap!?
I have traded with the trend ... not against. Buy which i mean, if we have a bull (green) candle, and the gap is up ... trade up ...
but if we have a bull candle and the gap is down - no trade.
Take the trade on the open of the new candle where the gap is created. You can wait for the quick pull back to the previous close ... then get in!
... thoughts, comments welcome!