Trading Gaps

This is a discussion on Trading Gaps within the Forex Net Trap forums, part of the Specialists' Corner category; Originally Posted by stoneyxk8 Yup, you're right - set trade pretty early on int basis and whilst not at all ...

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Old Oct 11, 2010, 12:10am   #25
 
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Joined Apr 2010
Re: Trading Gaps

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Originally Posted by stoneyxk8 View Post
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
Luckily it's 13973, so has just missed triggering by 0.3 pip and it is shooting back up now towards 14000! Hopefully it will run out of steam soon and hit a nice reversal, through the 73 entry and onto the 63 TP.

Off to bed now, see how this goes overnight. EURGBP is the same, EUR does not want to seem to drop in price against GBP and USD.

GBP/USD took a modest +6 pips, Entry 15952 , TP 15958. It taking smaller riskier Gap trades like this always set TP a fews pips below the Gap close price.

M
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Old Oct 11, 2010, 6:37am   #26
Joined Nov 2009
Re: Trading Gaps

I cant close my Aus/USD as i Get the messege....

"market is being rolled over"

Any ideas of what this is and when I will be able to close?

Thanks
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Old Oct 11, 2010, 6:58am   #27
 
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Re: Trading Gaps

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Originally Posted by thelurker1 View Post
I cant close my Aus/USD as i Get the messege....

"market is being rolled over"

Any ideas of what this is and when I will be able to close?

Thanks
This was dropping nicely when I got to screen for NT, My TP of +10 had banked.

Made a total of +31 on the overnight Gap trades

M
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Old Oct 11, 2010, 7:01am   #28
Joined Aug 2010
Re: Trading Gaps

EUR/USD stopped out, AUD/USD hit so broke even
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Old Oct 11, 2010, 9:07am   #29
 
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Re: Trading Gaps

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Originally Posted by peterf1966 View Post
Cheers Neil. gone for EUR/GBP short, from 65 to 45, 20 pip TP/20 SL. Let's see.
A long hard slog over night, with nothing doing. Just closed it 20 mins ago for 15pips, got bored with waiting for 20. Can I go to bed now?

Edit, and of course the second I closed it it dropped to my target of 45...

Last edited by peterf1966; Oct 11, 2010 at 9:36am.
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Old Oct 11, 2010, 9:10am   #30
Joined Apr 2008
Re: Trading Gaps

managed to get myself 11 pips off EUR/USD last night.
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Old Oct 11, 2010, 9:57am   #31
Joined Oct 2009
Re: Trading Gaps

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Originally Posted by peterf1966 View Post
A long hard slog over night, with nothing doing. Just closed it 20 mins ago for 15pips, got bored with waiting for 20. Can I go to bed now?

Edit, and of course the second I closed it it dropped to my target of 45...
Your huge position of £1000/pip probably did that

I got away with 25 pips. I set a TP and SL of 25 pips, and given that it's the first time I staked 10p a pip
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Old Oct 11, 2010, 10:19am   #32
 
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Re: Trading Gaps

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Originally Posted by zorba_g View Post
Your huge position of £1000/pip probably did that

I got away with 25 pips. I set a TP and SL of 25 pips, and given that it's the first time I staked 10p a pip
Tell you what Zorba, if I had the bank for £1000 a pip, I wouldn't be getting up for 6.30 net trapping, I'd pay some other monkey to do it.
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