hello does the market start at different prices when it opens sunday night???
if so…if i put an order about 15 pips above the price its at now…and the market jumps 50 pips over the weekend…will the order be filled at the price i desired???
thanks…your newbie, eddy
ps coming up with stratedgies feels like an art…
Sunday night’s opening can be vastly different from Friday’s closing.
Since most broker’s are closed over the weekend, your order won’t be filled until the broker opens. In your example, assuming the 50 pips jump is the opening price, that’s where you would be filled, not at 15 pips above Friday’s closing price.
That’s why most traders don’t hold positions over the weekend, since the opening price can jump drastically.
Terry
does the market move alot right after it opens? or does it move regularly since it opened at that new price?
It varies from week to week. Nothing’s written in stone.
Take a look at some charts that display the Sunday candle and you can get an idea of the various movements on opening days.
Terry
thanks for the info