Trading Gaps

This is a discussion on Trading Gaps within the Forex Net Trap forums, part of the Specialists' Corner category; Short on Aus/USD Long GBR/USD short EUR/JPY...

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Old Oct 10, 2010, 10:23pm   #17
Joined Nov 2009
Re: Trading Gaps

Short on Aus/USD
Long GBR/USD
short EUR/JPY

Last edited by thelurker1; Oct 10, 2010 at 10:59pm. Reason: Question answered earlier
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Old Oct 10, 2010, 10:47pm   #18
Joined Aug 2010
Re: Trading Gaps

Short on AUD/USD and EUR/USD

Couple of news items later for GBP and AUD, don't think I'll stay up for them though

Thanks very much for sharing the system Neil, good luck all
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Old Oct 10, 2010, 10:54pm   #19
 
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Joined Apr 2010
Re: Trading Gaps

Quote:
Originally Posted by antonio2010 View Post
In other thread Mark say he will be this night trading the gaps, looking IG charts and then opening trades in Smart Live Markets at 10.00 (when SML open trading).
Will be very interesting, because SML has low spreads
Hi Mark, are you here? Can you confirm if SML admit trade amounts with cents and under 1.00 ? And how much is the minimun difference betwen entry price and SL-TP?
Hi. SLM does let you bet under £1pip, you can bet as low as £0.10 pip.

Spreads are excellent, one matches IG Index, the rest blow IG Index away, tonight they are:

GBP/USD 2 pips (Banked long +6)
EUR/GBP 2 pips (closed manualy short -5)
EUR/ USD 2 pips (banked short +10)
AUD/USD 3 pips (banked short +10)
EUR/JPY 3 pips (banked short +10)

Total for Overnight Gaps trades +31.

M

Last edited by mark120169; Oct 11, 2010 at 6:57am.
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Old Oct 10, 2010, 10:59pm   #20
Joined Nov 2009
Re: Trading Gaps

banked EUR/JPY
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Old Oct 10, 2010, 11:07pm   #21
Joined Aug 2010
Re: Trading Gaps

Eur/Usd stopped out -20
Eur/Jpy banked +25
Aud/Usd still open short - banked +25
Eur/gbp still open short - closed man 06.30 +4
M

Last edited by stoneyxk8; Oct 11, 2010 at 12:56pm. Reason: results
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Old Oct 10, 2010, 11:35pm   #22
 
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Joined Apr 2010
Re: Trading Gaps

Quote:
Originally Posted by stoneyxk8 View Post
Eur/Usd stopped out
M
Stopped out? What was the tactic, sell straight away? i have developed a simple tactic that I scanned in forex tester manualy just having a look at Sunday GAP trades.

What I noticed was that four things happened,

A) Gap widened to trade would not trigger overnight, cancel 6.30am for Mondays Net Trap.

B) Gap closed 100% +/- 2-3 pips before reversing.

c) Gap "overclosed" creating more profit possible

D) Gap closed 50% before reversing.

B & D seemed most common so I then thought, ok safest trades is to target the 50% mark for most regualar banking. Then i thought to ensure trade moves in Gap closing direction before trigger I should set entry @ 25% of Gap with TP @ 50%

So if Gap is 40 pips as many where tonight. I set entry and 10 pips into gap closing and TP 10 pips after that @ 50% of Gap closing.

Seemed a nice fairly safe way to give good odds of banking the trade by not being greedy.

M
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Old Oct 11, 2010, 12:00am   #23
Joined Aug 2010
Re: Trading Gaps

Quote:
Originally Posted by mark120169 View Post
Stopped out? What was the tactic, sell straight away? i have developed a simple tactic that I scanned in forex tester manualy just having a look at Sunday GAP trades.

What I noticed was that four things happened,

A) Gap widened to trade would not trigger overnight, cancel 6.30am for Mondays Net Trap.

B) Gap closed 100% +/- 2-3 pips before reversing.

c) Gap "overclosed" creating more profit possible

D) Gap closed 50% before reversing.

B & D seemed most common so I then thought, ok safest trades is to target the 50% mark for most regualar banking. Then i thought to ensure trade moves in Gap closing direction before trigger I should set entry @ 25% of Gap with TP @ 50%

So if Gap is 40 pips as many where tonight. I set entry and 10 pips into gap closing and TP 10 pips after that @ 50% of Gap closing.

Seemed a nice fairly safe way to give good odds of banking the trade by not being greedy.

M
Yup, you're right - set trade pretty early on int basis and whilst not at all greedy on the TP, after the initial sideways movement, the sudden spike upwards hit my SL on this one; I understand your explanations and you have done more research than me for sure; presumably your entry point must be somewhere around 13974 ish i guess from your comments - thanks for the info on your scenario's Mark - will take note for next time!
Mark
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Old Oct 11, 2010, 12:06am   #24
Joined Sep 2010
Re: Trading Gaps

Stopped out for EUR/GBP and EUR/USD - was always gonna be a risk with the midnight GBP news
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