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Trading on Weekly Gaps Can Be a Good Idea

May 24, 2010 by

It turns out that the price gaps that usually occur on weekends and result in a price difference between the Friday’s close and the Monday’s open not only frustrate traders with positions closing worse than stop-loss, but they also are a good source of trading opportunities. If you know how to use them, of course. The latest fundamental Forex strategy added to EarnForex.com today depicts a Forex gap trading strategy, designed to profit from those weekly price gaps. It should be used carefully and requires a rather strict timing, but using it on GBP/JPY (and some other JPY currency pairs too) can be really fruitful.

If you have suggestion or questions regarding the Forex gap strategy, please, feel free to submit them using the form below.

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