Closing the gaps [live real trading]

[newschool]

Too easy to be true? We'r talking 50 pips with minor drawdown here...

[bredin]

Yeah, it was a good week for closing the gaps

G.

[TheRumpledOne]

It's a nice trade to start the week off.

[tmanbone]

TRO mentioned somewhere in the forum that the Fri - Sun/Mon gap fade was a winner. Nice.

[noone22]

Isn't a line from Friday close
(assuming, it's gap on Monday open)
a zeroline.
If yes - one could trade it as zeroline.
If not - why not?

[TheRumpledOne]

Yes, statistics show the gap usually closes.

[bredin]

its about 95% likely to close at some point during the week but off the bat theres almost always an opportunity to bank some pips in the first hour or so.

G.

[newschool]

Isn't a line from Friday close
(assuming, it's gap on Monday open)
a zeroline.
If yes - one could trade it as zeroline.
If not - why not?

I am not an MZ pro, but could we consider the gap to be a huge momo candle (basically no wicks, only a full body) wich needs to be retraced at least at half ?

[noone22]

Yeh, and it is clear, why gap would be closed -
very similar to zeroline method.

Not clear, why gap itself is formed.
From 10 to 100 pips gap - is usual story,
does this mean, that there are no buyers/sellers
withing this range?

[newschool]

Many big gaps today.

Let's see how it turns out, im having fun.