Hi xenaga03,Originally Posted by ;
exactly what gap? Time frame? Many thx beforehand.
Hi xenaga03,Originally Posted by ;
exactly what gap? Time frame? Many thx beforehand.
Gap can be observed on most of timeframes (usually 15min,30,1hr,4h,weekly. Monthly is rare). The japenese call it a window. Last week, Pound rallied and close near its highs. Traders usually dont maintain a open position over the weekend however since it closed near the high, that means buyers were ready to devote to their place for the weekend. I believe this is one of the reasons we got a huge gap on pound. Gaps usually occur during news time like NFP or CPI but those are not the gaps that I watch. I noticed that when the week closes, and when it opens on monday, if we receive a decent gap, it will retrace to the gap. From there, it may find support or it can serve as resistance.
Yes I am risking more then 2 percent of my funds on any given trade. Usually 10 percent but sometimes it less or more based on the currency and some trades you have a very tight stop loss so much risk.
London didnt have the answer I was looking for .
Just got out -24 on this last trade. Overtrading kills my own equity. Have to learn to stay out. I think thats a problem for allot of traders. Wanting to maintain a trade all of the time. I just sold again at 1.9339 because looks like a breakout?
Got out of my brief trade at a reduction. Impulse trading murdered all of my profits now ended with 3 pips.