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GAP trading

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#1 Rustyh6281



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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!


#2 Abdul777



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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



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Posted 09 May 2019 - 12:14 PM


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

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