Forex - Playing The Sunday Gaps After playing for some time I found a great way to play Sunday. This is what I have been doing and seems to have been working for the most part. Usually, there are about 3 or 4 currency pairs that will gap up or down when the 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 Friday’s 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.
This article was written by Rob Rens of StockHidoeut.com Penny Stocks Penny stock investing site to help members when buying penny stocks.
Rob Rens of StockHidoeut.com Penny Stocks Penny stock investing site to help members when buying penny stocks.
easy forex articles:
Seven Steps To Choosing A Forex Trading System By Mark Hamburg Are you looking to choose a good forex trading system, one that will be worth your time and effort learning how to trade?Well, there are a couple of key points to keep clearly in mind, Read more...
Forex Market In the Forex market, it is normal for traders to make use of currency options to reduce their trading risk in investing stock and forex. Moreover, a currency option is basically a contract which Read more...
