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GAP Plays (1 viewing) (1) Guest
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TOPIC: GAP Plays
#1390
ZeeJay (User)
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GAP Plays 1 Year, 9 Months ago Karma: 0  
This is a setup that i really like.

it only happens when the market gaps up or down from friday's close on sunday evening ( US Eastern time ).

anyway, here's a video about it,
enjoy and send me your questions....
http://forexclips.com/freetradingvideos/gap-play-video/gap-play-video.html

regards,
CJ.-
 
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#1391
FXOperator (Admin)
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Re:GAP Plays 1 Year, 9 Months ago Karma: 9  
Very good trade there Zee! This is one of the popular plays that one would not want to miss when there is opportunity to do so. And thanks for the great video!
 
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There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox (1850-1919)
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#1526
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
This is one of my favorate trades to take.

A little somthing some people may not know about Forex open.
Not all FX brokers open at the same time. For intance OANDA opens 12:00pm pst, EFX opens 2:00pm pst and Alpari opens 3:00 pm pst (pst is Pacific coast time).
Now that we know that we can see the gap form with the open of Oanda to the Open of Alpari. If there is going to be a gap you will most likely see price move on Oanda untill about 2:00pm pst (most brokers open at this time) then you can take a trade but if price looks to be moving more in the same direction to create more gap wait for Alpari open 3:00pm pst to see if you can get a larger gap to trade.

Just a little trick I learned hope it helps others.
 
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#1535
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
Gap trade this week made 80 pips on GBP/JPY. Makes for a great start for the week.
 
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#1536
FXOperator (Admin)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 9  
Congrats Numb3rs! Do you know while I was watching TV and I saw a drama series title "Numb3rs" and I thought I saw it before and so this nick was indeed used by you.

By the way, if you can, maybe you can come up with a pictorial illustration so you can share more with other traders.
 
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There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox (1850-1919)
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#1539
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
Try it now. I tried resizinf it and exerything still wont work so I just compressed it in rar file. Sorry for so many posts lol
File Attachment:
File Name: GBP_JPY_GAP_TRADE_4_29_07.rar
File Size: 65496
<br /><br />Post edited by: Numb3rs, at: 2007/05/01 10:27
 
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#1540
FXOperator (Admin)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 9  
No problem for me. Just a mouse click to delete no hard work. If you want you can try to post the pics and edit it at the Off-Topic thread. There is a thread on testing I think.

Saw your pic very nice trade and colorful indicator at the bottom.
 
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There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox (1850-1919)
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#1546
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
The bottom indicator is Market Hours indicator. You can set it in the inputs to match your broker time. I will attach it for anyone who wants it.
File Attachment:
File Name: Market_Hours.mq4
File Size: 2265
 
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#1550
knicknack (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 0  
Numb3rs wrote:
QUOTE:
The bottom indicator is Market Hours indicator. You can set it in the inputs to match your broker time. I will attach it for anyone who wants it.
File Attachment:
File Name: Market_Hours.mq4
File Size: 2265


any idea how to get the indicator? all i get is a html text of the indicator instead of the .mq4 ...tried copy and paste into the meta editor but doesn't seem to work...rgds
 
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#1551
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
knicknack wrote:
QUOTE:
Numb3rs wrote:
QUOTE:
The bottom indicator is Market Hours indicator. You can set it in the inputs to match your broker time. I will attach it for anyone who wants it.
File Attachment:
File Name: Market_Hours.mq4
File Size: 2265


any idea how to get the indicator? all i get is a html text of the indicator instead of the .mq4 ...tried copy and paste into the meta editor but doesn't seem to work...rgds


Thats strange I just tried downloading it and it came in mq4 format and it looks just fine.

FXO can you help use with this problem?
 
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#1553
FXOperator (Admin)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 9  
Hi knicknack, right click and save the file. If you click it, I think firefox will display the code in html format. Hope this helps. Let us know again. Thanks.
 
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There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox (1850-1919)
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#1554
knicknack (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 0  
i can download it now but i can't seem to attach it to the chart, i tried it on different broker platform...any idea? i saved it under indicators folder as with the rest of the custom indicators...
 
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#1555
FXOperator (Admin)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 9  
When you double-click the indicator, you should see something like this:



Maybe Numb3rs can help to explain further.
 
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There is no chance, no destiny, no fate, that can circumvent or hinder or control the firm resolve of a determined soul. - Ella Wheeler Wilcox (1850-1919)
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#1557
Numb3rs (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 3  
Ok I can.

Each colour is a different session and you can set each session in the inputs as you see fit.

Use the maket hours clock I have attached here to help you set the indicator to your particular broker time on the chart. Or, if you cant get the indicator to work for some reason, you can use the clock in its place.

Hope I have helped?
File Attachment:
File Name: forex_market_hours_monitor_v2.zip
File Size: 477747
 
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#1559
knicknack (User)
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Re:GAP Plays 1 Year, 8 Months ago Karma: 0  
thanks for the assist, finally managed to load up the indicator too...now back to business
 
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