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    • 2+2=4ex replied Sep 16, 2013

      I'm not missing anything cause I don't really care to see the bigger picture (as far as how to trade it). All I am concerned with in my record keeping is how often price returns to the prior weeks closing price within the current week. As for how ...

      EURUSD
    • 2+2=4ex replied Sep 16, 2013

      Yes, it is logical to presume that a larger gap has a less likely probability to close. However, the risk is relative. On the occasions where the large gap did close a larger reward was also realized.

      EURUSD
    • 2+2=4ex replied Sep 16, 2013

      I would say 'trading' a "gap" is more of a discipline than a strategy. I choose to trade off my experience with technical and fundamental analysis, however for the inexperienced trader, a gap provides a beginner with an exit price. Statistically ...

      EURUSD
    • 2+2=4ex replied Sep 16, 2013

      So far in 2013 the gap has not closed (within one week) on only one occasion for a loss of 67 pips. However, since gap has closed 93% of the time for a profit, the overall result is currently +296 pips. 6 weeks have had no gap and therefore no trade. ...

      EURUSD
    • 2+2=4ex replied Sep 16, 2013

      I'm not endorsing the gap strategy nor do I personally trade it, but I have been keeping record of it since the start of 2012. I do it simply for record keeping and study. As far as markets never closing, that is true. What we are referencing by ...

      EURUSD
    • 2+2=4ex replied Sep 16, 2013

      In 2012 the average gap size for EUR/USD was 20 pips and it closed 91% of the time within one week. In 2013 the average gap size for EUR/USD has been 17 pips and has closed 93% of the time within one week.

      EURUSD