gaps for winks, page-14

  1. 86 Posts.
    Hi Stiven,

    I believe those gaps were real. They are still very obvious
    on two of my platforms. Five of those gaps from 13th September were the ones which caused all the problems. The Chf/Jpy gap closed approx 10th October (after 2 months)and Eur/Usd, Aud/Usd, Eur/Gbp, and Eur/Jpy are still open and may take months to close.

    Its a hard lesson but just because 99% of gaps close, the 1% can cause big losses especially if one keeps adding positions
    as I did ( believing they could close shortly), and eventually they get out of hand. I still trade gaps, but am much more cautious, and am very wary of any gaps which stay open over two weeks.

    This week looks to be one of the best gap weeks for a while,
    I just had the E/U close for 80 pip profit, and the A/U may close soon hopefully.

    Good luck. Cheers P51

 
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