jsh_eng:

sure u can, but its 4 dose who don't av a system coz d chart gives u d accuracy of d bet u wanna place. its all good. no probs man

Daddyolu:

Ayox, can I suggest you leave 2 or 3 alerts based on gaps, so we could all get a firm grip on what you're saying.
Thanks

jsh_eng:

An uptrend will start as soon, as the pair rises above resistance level 1.5535, which will be followed by moving up to resistance level 1.5660.

if u re on ur system and looking @ d chart u will jump in d train

Manweysabi: that's good bro... Where can i download d chart u use in my pc. Thanks!

ayox2003: Jsh.eng,

How far with the MBFX?



Frawzey

jsh_eng:

bro, dat s wat am using to get trade @ d moment, working fine but on 1hr, 4hr, and daily TF, nt too good on short TF like 5m, 15min e.t.c

ayox2003: Whenever you see a chart, and notice that a GAP is between Candle A and the next candle (Candle B), four possible scenarios would happen:

1) If the GAP occurs in a downward trend, wait for the next candle formation. Once the next candle follows the trend, SELL/FALL. It means investors have made up their minds to continue selling after a little contemplation/pause.

2) If the GAP occurs in an upward trend, wait for the next candle formation. Once the next candle follows the trend, BUY/RISE. It means investors have made up their minds to continue buying.

3 & 4 are very important

3) If a GAP occurs in a downward trend, wait for the next candle formation. Once the next candle changes to an upward trend (reserves the trend) then BUY/RISE. It means investors have changed their minds after the "break" to stop selling and start buying.

4) If a GAP occurs in an upward trend, wait for the next candle formation. Once the next candle changes the trend (reverses the pattern), SELL/FALL. It means investors have changed thier minds after the "break" to stop buying and start selling.

The screenshot below is in-line with 4. The trend was up but the trend changed after the Gap between candle A and B. As I'm typing this, over two hours that I've place the trade, the trend as been going down.


NOTE: Always wait for the next candle before making any trade using GAPs.


Frawzey.

ayox2003: Whenever you see a chart, and notice that a GAP is between Candle A and the next candle (Candle B), four possible scenarios would happen:

1) If the GAP occurs in a downward trend, wait for the next candle formation. Once the next candle follows the trend, SELL/FALL. It means investors have made up their minds to continue selling after a little contemplation/pause.

2) If the GAP occurs in an upward trend, wait for the next candle formation. Once the next candle follows the trend, BUY/RISE. It means investors have made up their minds to continue buying.

3 & 4 are very important

3) If a GAP occurs in a downward trend, wait for the next candle formation. Once the next candle changes to an upward trend (reserves the trend) then BUY/RISE. It means investors have changed their minds after the "break" to stop selling and start buying.

4) If a GAP occurs in an upward trend, wait for the next candle formation. Once the next candle changes the trend (reverses the pattern), SELL/FALL. It means investors have changed thier minds after the "break" to stop buying and start selling.

The screenshot below is in-line with 4. The trend was up but the trend changed after the Gap between candle A and B. As I'm typing this, over two hours that I've place the trade, the trend as been going down.


NOTE: Always wait for the next candle before making any trade using GAPs.


Frawzey.

ayox2003:

U mean its good on long TFs?



Frawzey

ruggedcuzz:
What type of chart can i use this with cos am not seeing any gap in my alpari chart

jsh_eng:

yea bro, it worked for me most especially the 4hr and daily TF

ruggedcuzz:
What type of chart can i use this with cos am not seeing any gap in my alpari chart

sleek09:

Ayox, i tried this GAP strategy twice this afternoon on my demo account and both were winners. I noticed a gap in an upward trend on the EA 15 TF between the candle that opened at 3.15GMT and the next one, then i waited for the next candle to open at 16.00GMT,i saw the candle open with a green colour so i assumed it followed the upward trend and i clicked for EA to rise in 15 mins and it did. I have a question though, when i notice a gap between candle A and B, waiting for the next candle, how do i know if it will follow the trend or reverse the trend.I am assuming that for instance, on BOM light chart,if the gap occurs in an upward trend and then the next candle opens with a green colour ,it is following the trend, if it opens with a red colour, it is reversing the trend. Please explain to me so i can understand better.

I want to know on how to be sure if the next candle after the gap follows or reverses the trend.

ayox2003:

Sleek, you've already answered your question. The bolded answers it. BUT it is advisable to wait for candle B to finish its formation so as to confirm the trend before you make your trade.

Once candle B is the opposite of candle A then the trend is about to change. Again, its advisable to wait for candle B to finish its formation before making a trade.

Funny enough, your method might also work. But its better to trade when ur mind is very sure. Okay, Sweety?


Frawzey

ayox2003:

Do you trust it?



Frawzey

sleek09:

Many thanks. I now grab it. I waited for candle B to finish its formation ,then placed the trade at the beginning of the next candle according to what you wrote but wasnt quite clear on how to know if the next candle after candle B will follow or reverse the trend, hence just assumed with the colour of the next candle

Choi!! i would have been almost 400 euros richer this evening had i placed it on my real account.

ruggedcuzz: Hav just made a bet uj lower than 78.176, close at 7pm and gu lower than 1.55, close at 7.30pm. Am i doin d rite thing cos am just learning

jsh_eng:

you kno forex don't respect indicator or personality or age e.t.c, but d indicator is just to minimize d losses u incure, like yesterday, I traded 17-5, but don't expect da kind of result day in day out, but at least its beta on d average cha

ayox2003:

Thats it. Its called confirmation. You can also use it with the CSM (Currency Strength Meter)?


Frawzey.

ayox2003:

Oh I realise that I didnt really answer your question in the initial response.

I doest occur every minute. But it surely occurs everyday. I dont use Alpari but gaps appear in ALL charts, Alpari inclusive.



Frawzey

ruggedcuzz:
Gu won, uj lost. I ll continue to try

sleek09:

Currency Strength Meter? I dont know how this works.Please, can you explain further.

jsh_eng:

you kno forex don't respect indicator or personality or age e.t.c, but d indicator is just to minimize d losses u incure, like yesterday, I traded 17-5, but don't expect da kind of result day in day out, but at least its beta on d average cha

ayox2003:

if AUD is at 7.80 and USD is at 2.50, it means AUD is strong and USD is weak. Therefore, we can trade with the AUDJPY as it goes up.