Forex - Playing the Sunday gaps
- Date: 2007-01-06 - Word Count: 202
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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 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.
Related Tags: stock, stocks, investing, forex, stock trading, stock market, online investing, hot penny stocks, penny stocks
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