Closing the gaps [live real trading]

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newschool
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Closing the gaps [live real trading]

Postby newschool » Mon Mar 29, 2010 7:06 pm

Too easy to be true? We'r talking 50 pips with minor drawdown here...

Image

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Last edited by newschool on Tue Nov 09, 2010 7:05 am, edited 3 times in total.

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Postby bredin » Mon Mar 29, 2010 7:54 pm

Yeah, it was a good week for closing the gaps :)

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Postby TheRumpledOne » Mon Mar 29, 2010 9:01 pm

It's a nice trade to start the week off.
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Postby tmanbone » Mon Mar 29, 2010 11:11 pm

TRO mentioned somewhere in the forum that the Fri - Sun/Mon gap fade was a winner. Nice.
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Postby noone22 » Mon Mar 29, 2010 11:44 pm

Isn't a line from Friday close
(assuming, it's gap on Monday open)
a zeroline.
If yes - one could trade it as zeroline.
If not - why not?

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Postby TheRumpledOne » Tue Mar 30, 2010 12:20 am

Yes, statistics show the gap usually closes.
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Postby bredin » Tue Mar 30, 2010 12:48 am

its about 95% likely to close at some point during the week :) but off the bat theres almost always an opportunity to bank some pips in the first hour or so.

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Postby newschool » Tue Mar 30, 2010 2:11 am

noone22 wrote:Isn't a line from Friday close
(assuming, it's gap on Monday open)
a zeroline.
If yes - one could trade it as zeroline.
If not - why not?


I am not an MZ pro, but could we consider the gap to be a huge momo candle (basically no wicks, only a full body) wich needs to be retraced at least at half ?

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Postby noone22 » Tue Mar 30, 2010 3:53 am

Yeh, and it is clear, why gap would be closed -
very similar to zeroline method.

Not clear, why gap itself is formed.
From 10 to 100 pips gap - is usual story,
does this mean, that there are no buyers/sellers
withing this range?

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Postby newschool » Sun Apr 11, 2010 8:19 pm

Many big gaps today.

Let's see how it turns out, im having fun.

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