Closing the gaps [live real trading]

trading strategies and money management discussion, code, results

Moderator: moderators

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Sun Apr 11, 2010 11:15 pm

Started to move then rebounced, I had to breakeven. Maybe it will close later this time.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5545
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon Apr 12, 2010 12:06 am

I grabbed a few pips but nothing close to what will be available.

Image
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11418
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Apr 12, 2010 12:25 am

Image

Gaps today.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5545
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Mon Apr 12, 2010 12:44 am

Edit:
, should show 84.5 lives....1.5% account increase.....LOL
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

User avatar
TygerKrane
rank: 1000+ posts
rank: 1000+ posts
Posts: 1404
Joined: Mon Jan 25, 2010 3:36 pm
Reputation: 2
Location: Long Island, NY
Gender: Male

Postby TygerKrane » Mon Apr 12, 2010 2:31 am

GBPUSD?? Ha!! EURJPY gapped up 125pips, so I'm playing casino wit that...

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

frang0nve
rank: 150+ posts
rank: 150+ posts
Posts: 198
Joined: Thu Apr 09, 2009 7:57 pm
Reputation: 0
Gender: Male

Postby frang0nve » Mon Apr 12, 2010 2:35 am

noone22 wrote: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?


It's because most broker/market makers close their trading platforms...

At oanda you can trade 24/7 so there are no gaps:

EDIT:

Oanda charts hide gaps at the open assigning the close of last candle to the open of the new candle.
But still there are gaps caused by broker/market makers closing their trading platforms...


Image

Cheers


Francisco
Last edited by frang0nve on Tue Aug 30, 2011 5:01 am, edited 1 time in total.

frang0nve
rank: 150+ posts
rank: 150+ posts
Posts: 198
Joined: Thu Apr 09, 2009 7:57 pm
Reputation: 0
Gender: Male

Postby frang0nve » Mon Apr 12, 2010 2:57 am

But spread is bigger on weekend:

Image

10 pips for EURUSD in normal conditions
20 pips or more if volatility rises (as this weekend)


Cheers


Francisco

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Mon Apr 12, 2010 5:01 am

I can start trading at 9 GMT instead of 10, but spread on EU is like 6 pips.

Seriously though, the gaps are being difficult this week ! It just consolidated and right now (6 GMT) made a move in the opposite direction.
It must be something fundamental, perhaps the deal with Greece, wich is actually almost done, so Euro is profiting...

User avatar
TygerKrane
rank: 1000+ posts
rank: 1000+ posts
Posts: 1404
Joined: Mon Jan 25, 2010 3:36 pm
Reputation: 2
Location: Long Island, NY
Gender: Male

Postby TygerKrane » Mon Apr 12, 2010 2:24 pm

TygerKrane wrote:GBPUSD?? Ha!! EURJPY gapped up 125pips, so I'm playing casino wit that...


Looks like the yolk (joke) is on me. GBPUSD gapped up like 85pips by my count, and closed the gap 100% by 8:45EST/ 12:45GMT

EURJPY, on the other hand hasn't even closed the 38.2% mark on Fibs by 8:45EST, or even now 10:15EST/14:15GMT?? :?:

So is GBPUSD now poised for a upside cross of week open, (maybe having reached a daily low by this point??

Image


I can't believe EURJPY has managed to keep such a tight range for the last 15 hours considering the huge gap.


But still...

Took a few pips :P


Image

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

User avatar
newschool
rank: 150+ posts
rank: 150+ posts
Posts: 489
Joined: Fri Aug 21, 2009 2:26 am
Reputation: 0
Gender: Male

Postby newschool » Mon Apr 12, 2010 3:04 pm

GU went down because the gap wasn't a true fundamental move (nothing new on the USD economy) but on the Euro pairs, it was something real, as the Greece deal went good =

http://www.thestar.com/business/article ... -up-greece

http://www.sfgate.com/cgi-bin/article.c ... 9L35-1.DTL = 61 billion $ rescue package

Thats the thing, the gaps are speculation on fundamentals, I dont think its a technical move like stophunting or ZL. So one should check the news when the gap is wide...

PS : Thanks for posting TRO, the % of filled gaps is just beautiful 8)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “strategy trading & money management”