Jump to content


Next High Impact Market News Event:
Retrieving events...


Toggle shoutbox The Traders Chat Open the Shoutbox in a popup

@  Sanelez : (17 May 2019 - 12:47 PM) Trading with smart money
@  traderpusa : (16 May 2019 - 08:20 AM) hi kuja hj. long time no see
@  happyjas : (16 May 2019 - 08:14 AM) best of luck and green pips always everyone :rolleyes:
@  happyjas : (16 May 2019 - 08:13 AM) B)
@  happyjas : (16 May 2019 - 08:13 AM) tough times but in good vibes always
@  happyjas : (16 May 2019 - 08:13 AM) am also into american roulette dealing
@  happyjas : (16 May 2019 - 08:12 AM) working at night shift due to casino card dealing (poker, blackjack, baccarat, and ultimate texas hold 'em)
@  happyjas : (16 May 2019 - 08:11 AM) am off to bed again
@  happyjas : (16 May 2019 - 08:11 AM) hello ktp!
@  rajeshvlr83 : (16 May 2019 - 06:49 AM) can anybody convert mql4 to mql5..
@  roshantc : (15 May 2019 - 01:37 AM) singh
@  fasih : (14 May 2019 - 06:11 PM) Awesome singh.. whats up..
@  Singh : (14 May 2019 - 03:25 PM) @fasih Hey Fasih, how are you bro
@  ishaque : (14 May 2019 - 12:46 PM) wcpwouts
@  ishaque : (14 May 2019 - 12:45 PM) wcpwouts
@  ishaque : (14 May 2019 - 12:45 PM) hameed412
@  fasih : (14 May 2019 - 12:18 PM) Hey singh
@  Singh : (14 May 2019 - 10:03 AM) this should be fun lol
@  Singh : (14 May 2019 - 10:02 AM) @dkomarov Yes. Traderpus . Contact him directly
@  dkomarov : (14 May 2019 - 05:02 AM) Hi all! Anyone knows something about Hubba Hubba?

Photo

GAP trading


  • Please log in to reply
2 replies to this topic

#1 Rustyh6281

Rustyh6281

    Member

  • Members
  • PipPip
  • 114 posts

Posted 07 May 2019 - 03:18 AM

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!

RluNEvq.png



#2 Abdul777

Abdul777

    Member

  • Members
  • PipPip
  • 127 posts

Posted 07 May 2019 - 12:12 PM

Hi there,

 

I might be absolutely wrong with this, but I believe on 5min chart the gap is just caused by internet lag or some other irregularities.

Just as an example, take a look at different charts, from different brokers/chart providers. Most of the 5min candles will slightly differ from each other, some will have the gap while others will not have it, hence I would say, it's very subjective.


  • Rustyh6281, chanquetes and adefebsa like this

#3 opit

opit

    Member

  • Members
  • PipPip
  • 56 posts

Posted 09 May 2019 - 12:14 PM

Spoiler

Whatever works for you means good for you. Keep it up. Just becareful with piersing line and dark cloud cover, they were formed after the gap as well.
  • Abdul777 likes this




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


USA REGULATION NOTICE: There are many binary options companies which are not regulated within the United States. Most of these offshore companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA).

It is our STRONG opinion that you do not operate with any unregulated brokerage firm as they may steal or try to scam you out of every dime you have. Please take notice that any unregulated trading activity by U.S. Citizens should be considered unlawful.

Risk Disclosure: Binary Options Edge does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in trading binary options are high and may not be suitable for all investors. Binary Options Edge doesn't retain responsibility for any trading losses you might face as a result of using the data hosted on this site. The data and quotes contained in this website are not provided by exchanges but rather by market makers. So prices may be different from exchange prices and may not be accurate to real time trading prices. They are supplied as a guide to trading rather than for trading purposes.