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posted after.02.19 the likes will be displayed after.04.19. It is possible that the market opens with a huge gap against you, even when your position is taken based on the strongest trade setup ever. This instrument can be carried out alone or together with other instruments. I wrote such a long story to emphasize on the importance of following of the strong setups and ignoring the weak and questionable ones. This is what everybody may think, if he reads the above bad news. As you could see the foreign exchange market is not so complex to understand and not so dangerous to enter. You can become one of its participants in a few minutes and start earning money more than easily. We had short positions with GBP/JPY, and the gap added 177 pips to our profit, and also made the market open below a support level which means GBP/JPY can go even lower.
One of the greatest characteristics of the foreign exchange market is that it is open 24 hours a day, as previously mentioned. The foreign exchange forex " or "FX currency market is not traded on a regulated exchange like stocks and commodities. Since most participants trade between the hours of 8:00.m. In their local time zone, these times are used as the market open and close times, respectively.
Winter Time, trading Session, city, gMT, eET. It will accumulate into a mountain! Of course for a Bullish Abandoned Baby we need a Doji, but it is still ok to have a small body. If the market opens below the target, then your position will be closed where the target is set, so that you will not gain more than your target (outrage). My other question from these people is that where should we place our stop loss? If the market opens above your sell pending order, then you will not enter, and your pending order will remain intact. I have never done that, and I dont recommend you to do it too.
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