I simple took a snapshot of what I saw at that moment. However, it appears that it has returned back to close. I think 3 hours prior to market open is the best time to see if there is a gap or not.

EURUSD

Correct. What I do is I enter bigger lot sizes as the price nears my stop loss. There is a chart which I 6 hours before NFP in which I stated my short position, and where my STOP LOSS is. You can then see from the charts which I shared, that my stop ...

Dragon Riders GBP/JPY

I understand your point and it has been well noted. I use fibs as a "visual reference" and have 0 understanding of EW. Maybe I should look into it. Do you have any good resources Davit?

EURUSD

I just checked XE and EU has thus far gapped down. image That doesn't fair well for my GJ short.

EURUSD

So what is the correct way to use it? I ask, because I have noticed many people claiming to using it, but I don't see any constant results which reveals it is a good form of trading. I'm not trying to spark a war, simply asking an opinion. I use ...

EURUSD

It very well may be an intricate part, but not everyone uses the same fib levels. Which at the end makes it a variation of EW trading doesn't it?

EURUSD

Thanks again for your opinion, but the higher the TF the less accurate one's entry will be. The head and shoulder formation, al thought popular, is one of the hardest formations to predict before hand and even harder to guess the direction once it ...

Dragon Riders GBP/JPY

Anything is possible in forex land. A gap up would make perfect sense, if many people were selling into the forex market close.

EURUSD

I understand what you are saying. However, if you look at the week in which that gap happened, you will notice that GJ closed that week at it's lowest point, followed with a run down during the last hour of trading, just as we saw today.

Dragon Riders GBP/JPY

Sir your chart is very small. I can't see anything at all. Would you mind making a bit bigger please?

Dragon Riders GBP/JPY

I think the amount of LOTS those traders are trading is more important. From the chart you shared, it reveals, that a large portion are long, but have a look at the lots! Clearly as the price dropped, more people bought, which should support a GAP ...

EURUSD

Anyone going to wager on a Gap down on EU. Should be an easy 30-50 pips once the market opens. Short and close once the market opens.

EURUSD

I am expecting a huge gap down as in the chart below. image An easy 200-300 pips profit the moment the market opens.

Dragon Riders GBP/JPY

image Had I held up until this point, my profit would of been 1000gbp more. I wish today would not of been a friday, I would of rode this the entire way down.

Dragon Riders GBP/JPY

Once you identify why you can't help your self, that is when your trading will get better! It is so hard to sit on your hands, when you know that a big spike is coming, but maybe you should try pepperstone, or finfx. Those brokers have 0 lag during ...

EURUSD

Not only did EU make a fresh low, but people are longing it into the weekend, as if EUR/USD can't gap down 50-100 pips! I am not sure how one could enjoy their weekend when carrying over a negative trade with no stop loss. Everyone have a wonderful ...

EURUSD

We fast forward a few hours and you can see that the price moved all the way to my STOP LOSS, only to miss it by 2 pips, then give a nice drop down. I closed my massive shorts, and kept a small short open for a possible gap down and run. Everyone ...

Dragon Riders GBP/JPY

We more than likely will get a gap down on GJ when market opens. Did you noticed how the price moved up right before London close to my STOP loss and came only 2 pips from hitting it? Only for it drop like 40 pips from that high! I assume many ...

Dragon Riders GBP/JPY

I find it impossible to "know" what is going to happen tomorrow in my personal life, so imagine how much harder it is to predict forex. I would say, that people do care about the news because many people within this community were taking positions ...

EURUSD

Those bears sure are greedy!

EURUSD