SUNDAY STRATEGY!!! must read imo
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Dec 17th, 2005, 03:19 PM
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#1
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SUNDAY STRATEGY!!! must read imo
Usually, there are about 3 or 4 currency pairs that will gap up or down when the forex market opens on Sunday Afternoon.
Make note of these. Because, within the next 2-4 hours, this pair may rally in the opposite direction of the GAP. DO NOT TRY and enter ahead of time, but keep notice of FRIDAYs CLOSE PRICE and draw a line at this price.
THIS IS THE ONLY SUNDAY TRADE I MAKE.
IF the Price rally's back up/down against the GAP and breaks the previous close; it is showing rally strength. Have a buy or sell stop order in place in order to catch the fast move. In most cases, I take home 20-50 PIPs on Sunday by playing only Gap-Oppostie Rallies.
What a way to start the week Booyah!Booyah!Booyah!
I know that this probably didnt make sense to some. Please feel free to ask any questions. I will save a chart on Sunday which exemplifies the success of such a Sunday Strategy. Thumbs up 
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Dec 17th, 2005, 03:26 PM
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#2
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what time is forex open? it opens again on sunday?
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Dec 17th, 2005, 07:09 PM
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#3
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5 pm EST Forex Opens... I saw that on investopedia.com
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Dec 17th, 2005, 11:39 PM
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#4
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GBP/USD SHOULD GAP DOWN
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Dec 18th, 2005, 01:21 AM
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#5
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Why do you think stockreddevil?
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Dec 18th, 2005, 03:18 AM
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#6
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indicators are all pointing down
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Dec 18th, 2005, 11:57 AM
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#7
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Anxiously awaiting 5pm today and another week...
-w
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Dec 18th, 2005, 04:34 PM
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#8
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whats a gap?
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Dec 18th, 2005, 04:52 PM
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#9
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Quote:
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Originally Posted by rider3160
whats a gap?
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A gap is when the price opens at a much higher or lower rate then it closed at (hence--a price gap between the close from Friday and the Open today on Sunday). If the price is much higher then when it closed, its a gap UP, and when the price is much lower then its closing price, its a gap DOWN..
-w
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Dec 18th, 2005, 05:48 PM
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#10
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Quote:
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Originally Posted by wolf825
A gap is when the price opens at a much higher or lower rate then it closed at (hence--a price gap between the close from Friday and the Open today on Sunday). If the price is much higher then when it closed, its a gap UP, and when the price is much lower then its closing price, its a gap DOWN..
-w
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So if it opens with a Gap up then it will close the gap and drop during the day and that is when you suggest to buy? I really don't see how you can make money on a gapper unless your already in before it gaps ups on an open. Then of course you could sell at open and make a profit. Besides that, a gapper means nothing because the gap always gets filled???
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Last edited by bloodxus30; Dec 18th, 2005 at 05:50 PM.
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