I agree with your first statement, definitely could create a "risk off" environment. As far as gaps go, yes, once price reaches previous day low. I don't have any statistics for when after the gap is filled, sorry Seaman.

JPY Cross Pairs

Interesting! Thank you for this information, I'm going to save key areas and keep an eye on them.

USD/JPY Discussion

KamiFx, I typically like to keep an eye on Monthly and Weekly Support/ Resistance levels and then trade from the Daily. What do you think of current Monthly and Weekly levels for USD/JPY? I'm interested to see how you calculate the intraday levels ...

USD/JPY Discussion

Yep! Information on "Weekend Gaps" HERE

USD/JPY Discussion

Weekend "Gaps" I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? Gaps in the forex market usually occur during the weekend ...

Third Screen Strategy - Dr. Alexander Elder

Hey Geppy! Hope you enjoyed your weekend man. I also hope you don't mind me sharing the following with everybody in regards to "Gaps." I think most of us understand what you said but I wanted to bring the following to everybody's attention as it may ...

Geppy's Geppy Thread (GBP/JPY)

Hi Fishcoo, Sorry I didn't get back to you sooner. As for January 25 GBP/AUD we would not enter long because short positions are already opened and floating, We try not to close positions until stop loss or profit target is met. Therefore, as long ...

Third Screen Strategy - Dr. Alexander Elder

GAPS I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? Gaps in the forex market usually occur during the weekend between previous ...

Cable Update (GBPUSD)

I'm sure most here are aware of "Gaps" and why they occur, but have you taken a look at the statistics and probabilities of the "gaps" being filled the same trading day? Gaps in the forex market usually occur during the weekend between previous ...

JPY Cross Pairs

Thanks for clarifying, I tend to draw out weekly and monthly resistance but don't have much experience with intraday levels. I will have to pay closer attention to your posts in order to find them.

USD/JPY Discussion

By the way KamiFx, you have earned a Vouch from me. Keep up the good work!

USD/JPY Discussion

Hi KamiFx, I am curious to know the time frame that you typically trade from? I noticed your key levels that you bring up and I am impressed, but I'm wondering how you have found these levels? The 95.09 on Friday was spot on!

USD/JPY Discussion

I also have quite a few positions under water at this time and the move this weekend was unexpected to say the least. However, we did close above the 94.70"ish" area from a weekly perspective which is a good sign. There is NO bearish engulfing ...

JPY Cross Pairs

Agreed I was closed out of a few EUR/JPY positions over the weekend due to the gap down, but just added more longs for various cross pairs. Here are my new positions:

JPY Cross Pairs

Agreed! I just gave Bob a vouch last week as well

Geppy's Geppy Thread (GBP/JPY)

Hi Orabi! I'm doing good, entered a few more long positions for various JPY cross pairs once my broker opened up as we had a nice gap down this weekend. I'm glad we closed above the 94.70 on the weekly close, this validates my ...

USD/JPY Discussion

A weekly close above the 94.70ish area keeps this projection still valid.

USD/JPY Discussion

Here you go...

USD/JPY Discussion

We are now back above the 94.70 area, so a weekly close ABOVE this area is still bullish for USD/JPY. Gap down is usually a BULLISH sign anyways and we are now almost back to where we closed on Friday. Still holding all of my long positions.

JPY Cross Pairs

Just stating weekly support / resistance levels along with two different EMA's that I use to track moving support / resistance along with price action. Are you saying "beware" because of the gap down which nobody could foresee anyways? If you knew ...

JPY Cross Pairs