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Archive : Expert4x Weekend Gap Trader (Unlocked)
Click on the file to see the test results as shown in the video above
Fundamental analysis uses news and economic information to determine strong and weak currencies
Technical analysis which involves tools such as indicators and support and resistance to determine optimum entry and exit points to trades
Market behavior purely trades price moves in the market that occur on a regular basis. No indicators or fundamental information is required. It is by far these easiest way to trade the Forex Market
The Mother of ALL Market behavior trades (we traded them for over 12 years) is the well-known WEEK END GAP trade. Measured market behavior proves that a very high percentage of weekend gaps close after they happen. If fact dedicated traders keep such good records of this what they can tell you exactly that there is a 83.4% chance that a certain currency will close any market gap within 24 hours. The behavioral trades are based of probability where traders know the statistics of how often a trade will succeed.
This trade has been traded manually for many years and we have religiously been trading it Monday after Monday. Why not?, with those type of odds. You would be crazy to miss this opportunity.
So what is a weekend gap? Your broker closes trading over a weekend and opens trading on a Monday morning. There is often a Gap between the closing price on the Friday evening and the opening price on a Monday morning.
The Forex Market does not sleep is active 24 x 7. Banks in certain countries are open on Saturdays and Sundays. Economic and political events happen over week ends such as the Greek crisis.
The EURUSD made a nice 162 gap which was soon closed during the Greek Crisis. These gap occur regularly in varying sizes
How this trades works is very simple. It is so simple that this is in fact the course of how to trade this trade.
Enter a trade back to the Friday close price on a Monday morning. It can easily be done manually. Manual trading becomes complicated when there are many currencies involved and the Brokers Monday morning is in the middle of the night for some people and spreads are not stable.
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