Jump to content

Welcome to Digital Money Talk Forum - Forex, Ecurrency exchange and Cryptocurrency Forum - Sponsored by 1xBit.com
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!





Orbex


1xBit



Read our Advertising Disclaimers


Refund Policy


Photo

Forex gap


  • Please log in to reply
17 replies to this topic

#1
shemoalaa85

shemoalaa85

    Member

  • Members
  • PipPip
  • 21 posts

Forex gap

What is the gap Forex?

Forex gap usually refers to a different type than the price of a currency pair at the beginning of the new trading

you can know more in the next video

 

 


  • 0

#2
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

Just look at the gap between your candlesticks and that is what means as forex gap, this gap is usually happened in the first week closing of the market and the next opening of the market in monday. Many traders trying to exploit this issue and there are 2 results they make profit or lose it.


  • 0

#3
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,345 posts

Yes, we can see the gap between candlesticks but not always happen, this night i see that USDCAD got one gap after Canada's GDP released, if you have some time you can check it. Gap usually a sign that the price relatively fall down deeper and some people would love to trade during this time.


  • 0

#4
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

That is good if someone trade and then around 5 or 10 minutes later there is gap, i think gap also one of the good sign for trader and as you said the price seems in most cases relatively fall deeper or rise higher rather than before when there is a quite big gap, even small gap could bring your elsewhere.


  • 0

#5
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,345 posts

That is from my own observation when gap is happening you should be happy because there was long term trend that the price will continue to that trend even not always, but if something is happening usually it is just normal correction and will following that gap direction once again.


  • 0

#6
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

That is true and i feel it I just see a gap happening with my trading. In the last friday i nearly reach SL but thanks for today's gap i can pass entry point and close my position before it is too late. Just $0.5 profit but that is better rather than lose my capital more. 


  • 0

#7
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,345 posts

Gap will give a strong  movement to pair either it is bullish or bearish. Gap also become a clear indication that the price has the higher chance of following the trend, but remember it is not always happen, just usually happened all them, even correction cannot turn back the price especially with large gaps.


  • 0

#8
omar-profits

omar-profits

    Advanced Member

  • Members
  • PipPipPip
  • 120 posts

gaps usually happens in the opening of the market, also it can happens in the time of Important news.

 

I remember in the past I got a gap which has more than 200 pips just in 2 minutes.

 

so you should to take care about gaps specially in the opening.


  • 0

#9
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

I think that gap is actually an indication that forex is under bullish pressure and not just simple bullish pressure but this is one of the biggest bullish pressure. As far as i know, forex gap in forex will be such an opening for foreign exchange trader to make decision because in most cases gap in forex is a strong indication and pretty much accurate.


  • 0

#10
obieze

obieze

    Member

  • Members
  • PipPip
  • 36 posts
yes there must be a gap on forex trading because if there is not gap that means there will be no loss at all,because it was the gap difference that makes one to loose or earn profits on forex trading so i agrewd with you.
  • 0

#11
hyipanalysiscom

hyipanalysiscom

    Member

  • Banned
  • PipPip
  • 15 posts

That is good if someone trade and then around 5 or 10 minutes later there is gap, i think gap also one of the good sign for trader and as you said the price seems in most cases relatively fall deeper or rise higher rather than before when there is a quite big gap, even small gap could bring your elsewhere.


  • 0

#12
Sininfinity

Sininfinity

    Advanced Member

  • Moderators
  • 593 posts

Just look at the gap between your candlesticks and that is what means as forex gap, this gap is usually happened in the first week closing of the market and the next opening of the market in monday. Many traders trying to exploit this issue and there are 2 results they make profit or lose it.

 

You are right but the problem with gap strategy is that we don't know whether they will appear or not. If Friday has a big movement on a pair then there is a chance that on next market opening there will be a gap. But that's not sure fire as well.


  • 0

#13
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

You are right but the problem with gap strategy is that we don't know whether they will appear or not. If Friday has a big movement on a pair then there is a chance that on next market opening there will be a gap. But that's not sure fire as well.

I can't say much about how it will come to us but the market is clearly unexpected in this case, forex gap is seductive but never try that since it is actually unexpected and only traders with sharp anlaytical skill which can do that with higher rate of success, i just say gap which happened in my previous trading as LUCK.


  • 0

#14
Sininfinity

Sininfinity

    Advanced Member

  • Moderators
  • 593 posts

I can't say much about how it will come to us but the market is clearly unexpected in this case, forex gap is seductive but never try that since it is actually unexpected and only traders with sharp anlaytical skill which can do that with higher rate of success, i just say gap which happened in my previous trading as LUCK.

 

In past there were several of my trades were hold overnight and market opened with a positive gap. The profit was surely satisfying because it was more than what I have expected. And I am not sure if there is a analytical mechanism to predict gap. Do you know of any sources?


  • 0

#15
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

In past there were several of my trades were hold overnight and market opened with a positive gap. The profit was surely satisfying because it was more than what I have expected. And I am not sure if there is a analytical mechanism to predict gap. Do you know of any sources?

The same happened here too. It wa a very great moment, 10 pips positive slippage or what some people called as gap. But the gap is not always a good strategy because it is basically hope for the price to slip which is quite hard to determine especially in a risky and wild market such as forex where anything could happen. Some people applied this strategy so far with high ratio of losing but that is i think for ultra risk trader.


  • 0

#16
Sininfinity

Sininfinity

    Advanced Member

  • Moderators
  • 593 posts

The same happened here too. It wa a very great moment, 10 pips positive slippage or what some people called as gap. But the gap is not always a good strategy because it is basically hope for the price to slip which is quite hard to determine especially in a risky and wild market such as forex where anything could happen. Some people applied this strategy so far with high ratio of losing but that is i think for ultra risk trader.

 

Slippage is one thing and weekend gap is another. I myself don't like slippage because it does goes against the outcome of the trade. Though positive slippage on take profit is good but other types of slippage comes along so none is better.


  • 0

#17
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 6,838 posts

Market gap could be good or bad to us, when the market has longer good trend then it will make the price rise higher/lower than what we expect.  Another slippage actually a bad thing, lose more than what we expect is something we must deal. Forex gap actually hard to predict but the consequences is pretty good/bad to all kind of traders


  • 0

#18
alextrader79

alextrader79

    Newbie

  • Members
  • Pip
  • 7 posts

I know 4 methods of gap trading. Unfortunately, real gaps happen on the market not so often and I can't make great money with them . Though I like gap trading, it's interesting for me


  • 0