Forex - Playing The Sunday Gaps
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rob rens ARTICLE REPRINTING IS PERMITTED
After playing forex 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 forex 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.
What a way to start the week.
This article was written by Rob Rens of StockHidoeut.com http://www.stockhideout.com" REL="follow">Penny Stocks Penny stock investing site to help members when buying penny stocks.
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Rob Rens of StockHidoeut.com http://www.stockhideout.com" REL="follow">Penny Stocks Penny stock investing site to help members when buying penny stocks.
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