KeTrader

EURDKK Example of Trading Gaps

OANDA:EURDKK   EUR/DKK
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I don't trade this pair, but it provides a good opportunity to show how one would trade a gap since it made an extreme extension. Basically marking the highest or lowest point and switching from candlesticks to line you would see a big gap. The market normally retraces the entire length of the gap before continuing in the direction it was heading. So you would ideally be making the money in this one going up and going back down again.

Just a trick I use sometimes and maybe useful to others.
I like your chart,and I have followed you. I hope you can Follow Me at the same time.



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KeTrader Ronnie_Dong
@Ronnie_Dong, Hi Dong I have followed you, I never had that request before. I don't think my ideas are any more significant than what others provide so am not looking for followers, but thanks for the add. I will check out what you post and occasionally comment on my view. As a swing trader, staying away is usually the best strategy. A farmer's asset is not the tree that he plants, but his patience. I try and live with that so don't get worried if I take too long to get back like I did, lol, I don't even know if you still follow.
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Ronnie_Dong KeTrader
@KeTrader, thank you. It's my pleasure. I will always pay attention to your point of view.
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