Closing the gaps [live real trading]

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newschool
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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.

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

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

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#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

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

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

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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

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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.<!

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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...


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Cheers


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

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

But spread is bigger on weekend:

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


Cheers


Francisco

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newschool
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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...

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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


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

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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)

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