Is This The Longest Running Gap In Euro-Usd ?

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Imtiaz Ahmed
10529
Imtiaz Ahmed  
  • 67% (18)
  • 33% (9)
Total voters: 27
PennySeven
555
PennySeven  
Imtiaz Ahmed:
  • Yes
  • No

Which gap?

Eleni Anna Branou
Moderator
6582
Eleni Anna Branou  
PennySeven:

Which gap?

The gap created on the 24th of April 2017, right after the French election results.

Thushara Dissanayake
17894
Thushara Dissanayake  
Eleni Anna Branou:

The gap created on the 24th of April 2017, right after the French election results.

gap

PennySeven
555
PennySeven  
Thushara Dissanayake:


Thank you. 

Imtiaz Ahmed
10529
Imtiaz Ahmed  
anything similar happened before?
PennySeven
555
PennySeven  
Imtiaz Ahmed:
anything similar happened before??

Gaps during the Monday to Friday trading week are extremely rare in the EuroDollar market in normal trading conditions. Obviously, there are many week-end gaps. 

There is no gap theory for trading the EuroDollar like for trading shares.

Fernando Carreiro
4374
Fernando Carreiro  
Imtiaz Ahmed: anything similar happened before??

Yes, many times, but not necessarily always that big of a gap.

Here are some recent ones that I can remember but there are much more going back in time:

  • 59 pips on 2016-06-20
  • 82 pips on 2016-06-27
  • 74 pips on 2016-11-07
  • 52 pips on 2016-12-05
  • 192 pips on 2017-04-24
  • 52 pips on 2017-09-25
  • 54 pips on 2018-01-22

Here is a chart of weekly gaps:

Weekly Gaps on EUR/USD

Fernando Carreiro
4374
Fernando Carreiro  
PennySeven: Gaps during the Monday to Friday trading week are extremely rare in the EuroDollar market in normal trading conditions. Obviously, there are many week-end gaps

There is no gap theory for trading the EuroDollar like for trading shares.

Yes, there is "gap theory" for successfully trading EUR/USD (and others) on weekend gaps. I have been doing so for a long time.

One of the most common strategies is to fade it, but it is not the only strategy that can be used. Do some research on it. You will find plenty of information on it!

PennySeven
555
PennySeven  
Fernando Carreiro:

Yes, there is "gap theory" for successfully trading EUR/USD (and others) on weekend gaps. I have been doing so for a long time.

One of the most common strategies is to fade it, but it is not the only strategy that can be used. Do some research on it. You will find plenty of information on it!

Obviously I exclude week-end gaps, news gaps, Brexit type gaps and the Swiss currency situation gaps. 

I am referring to gaps during normal trading. I have seen a few small ones over the last two years. They got filled quite quickly. 

Your data, do they include news gaps?

PennySeven
555
PennySeven  
Fernando Carreiro:

Yes, many times, but not necessarily always that big of a gap.

Here are some recent ones that I can remember but there are much more going back in time:

  • 59 pips on 2016-06-20
  • 82 pips on 2016-06-27
  • 74 pips on 2016-11-07
  • 52 pips on 2016-12-05
  • 192 pips on 2017-04-24
  • 52 pips on 2017-09-25
  • 54 pips on 2018-01-22

Here is a chart of weekly gaps:


22 JAN 2018 was a fat-finger gap in Asia. I remember that one. I´m not talking about that. That is an exceptional situation. 

I´m talking normal trading gaps.

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