What Is Forex Gap
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Are all gaps created equal? There are really only two significant factors to consider when trading gaps. You have to be able to identify if the gap is caused by professional traders or amateur traders. Let's start at the beginning. What is a gap? A gap is defined as a price level on a chart where no trading occurred.
Gaps are sharp breaks in price with no trading occurring in between. Gaps can happen moving up or moving down. In the forex market, gaps primarily occur over the weekend because it is the only time the forex market closes. Gaps may also occur on very short timeframes such as a one-minute chart or immediately following a major news announcement. Note that because the forex market is a 24-hour market (it is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday), gaps in the forex market appear on a chart as large candles. Gap trading is not new and has been used to trade the stock market and commodities for a long time. This strategy is not often utilized by Forex traders. This is because gaps depend basically on the stock markets shutting down for a period of time, such as overnight. Runaway Gap (Measuring Gap) This one gap usually takes place in the middle of a trend and often occurs after the price has a strong movement. This is a good indication that the ongoing trend will continue as the sentiment signal continues to improve. There is a Gap Trading in an area on the price chart with no trades between close of the market on one day and the next day’s open. How would you trade these Gaps? Today, we will show you how Platinum Traders trade these Market Gaps using the Platinum Gap Trading Strategy. Of course, as usual, we will show you a live trade and results of the trade using this strategy.
Forex Gap Robot
Forex Strategies Revealed
These can occur in all time frames but, for swing trading, we are mostly concerned with the daily chart. A gap on a daily chart happens when the stock closes at one price but opens the following day at a different price. Why would this happen? This happens because buy or sell orders are placed before the open that cause the price to open higher or lower than the previous day's close. Here is an example: Let's say that on Tuesday, Microsoft closes at $26.57.
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