suggest that the gap method is correct over 85% of the time.
No, that's not a typo, and that's not hype. Once a week may be boring, but those numbers make it worth the wait and should have you drooling at the possibilities.
So how do you trade the gaps on the market?
First, understand that there are 3, and ONLY 3, things that the price can do between Friday's close and Sunday's open. They can:
1.Open above Friday's close, which is called "gapping up"
2.Open below Friday's close, which is called "gapping down"
3.Open at the exact same price, meaning there was no gap
There can be large gaps, often referred to as "full gaps" in price, or small gaps, known as "partial gaps." As far as strategy, there's no difference between the two. Good gap trading strategy works for all types of gaps. The one thing to watch out for is gap size. I don't recommend trading a gap unless there is a 15 pip difference, and this strategy is best used with the major currency pairs.
Knowing this, the rule to trading gaps may seem the opposite of what you would expect, but if you want to be right 85% of the time, here's the rule you want to follow: Whatever direction the gap is going, you want to trade the opposite direction.
So if a pair gaps up, sell short, if it gaps down, buy more. This strategy works a stunning amount of the time, and can be the edge in the market that you've been looking for.
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