Sorry - I just interrupted my lunch to come and post this because something has been 'bugging me' (and I don't want somebody trying this tonight and swearing at me tomorrow - AND - I'm 'on the Rum' again - so I might NOT make it back here tonight - it's a public holiday here tomorrow so I can AFFORD to have a 'slight headache')!!!
Anyway - be VERY careful if you're going to try this (at least until we've 'checked it out' more thoroughly).
What's been 'bugging me' is this: remember that I said in a previous post that Delta does not give you a 'Sunday' candle or bar WHICH IS GOOD? BUT - if you are going to 'give this a bash' just make VERY sure that when you open the position that your opening price IS NOT ALREADY equal to the closing price of Friday i.e. if there is an hour delay (so that you're not getting a 'Sunday' candle or bar) the price COULD already have moved so that it's back to the closing price of Friday by the time you get the new candle or bar - in which case THERE IS NO LONGER A GAP!!!
Look - this is obviously a 'valid' trading idea - but - like anything else - it needs some more 'analysis' before any REAL money is 'put on the table'!!! Like I said (from the book) - it DOES work on stocks etc. etc. etc. - I just HAPPENED to notice 'the forex gap' this morning!!!
And - then again - is this not just trying to make a 'quick buck' - which is against EVERYTHING we've worked for on this thread???
Regards,
Dale.
Last edited by dpaterso; 09-23-2007 at 10:53 AM.
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