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The market's time gaps !!!

გვერდი: 1
Dec 03, 2013 01:30 pm
#1
Omar33 User

გვერდები: 22
გაწევრიანდა: 22/08/2013

I am new to forex trading, so I might be wrong about the following!!

I am wondering how is it that the markets can be moving on Sunday evening --(since it is opened then according to the Austrilian time)-- but at the same time the trading is not actually opened yet!! It is still a Sunday!!

So if had an open trade with a certain stoploss it can reach that point on a sunday due to the market movement !! but the market is closed!

Could it happen?

Can you share some thoughts about this please...

I'm confused!!!

https://www.fxstat.com/widget/link?t=small&c=7&s=19015&o1=growth&o2=drawdown&o3=monthly&o4=equity

Dec 03, 2013 02:04 pm
Ser123 User

გვერდები: 31
გაწევრიანდა: 20/08/2013

One weekend, a pair I was trading hit my stop, and I was stopped out of the trade, but another weekend, even though I had a entry signal in place, and the pair crossed that level, it did not trigger my entry order. Both these instances happened before trading was open

So it does happen!!

https://www.fxstat.com/widget/link?t=medium&c=1&s=18997&o1=growth&o2=drawdown&o3=monthly&o4=equity

Dec 03, 2013 02:54 pm
ironical User

გვერდები: 734
გაწევრიანდა: 22/04/2011

Originally posted by Omar33

I am new to forex trading, so I might be wrong about the following!!

I am wondering how is it that the markets can be moving on Sunday evening --(since it is opened then according to the Austrilian time)-- but at the same time the trading is not actually opened yet!! It is still a Sunday!!

So if had an open trade with a certain stoploss it can reach that point on a sunday due to the market movement !! but the market is closed!

Could it happen?

Can you share some thoughts about this please...

I'm confused!!!



It is due to timezone difference. It may be Sunday at your place and may not be sunday at another place. When Markets open in Australia, it's Monday there.

The good or ill of a man lies within his own will. – Epictetus

Dec 04, 2013 11:43 am
Fx123 User

გვერდები: 37
გაწევრიანდა: 20/08/2013

Yes! The market is slow or ranging during the weekends, but i do'nt think that these differences have that strong effect to worry about!!

https://www.fxstat.com/widget/link?t=tiny&c=5&s=18999&o1=growth&o2=drawdown&o3=monthly&o4=equity

Dec 05, 2013 07:40 am
AbuRomman User

გვერდები: 63
გაწევრიანდა: 14/08/2013

The market gaps happen becuase there will be little trading happening during the weekend, but once the banks start trading on Sunday night the price can change quite dramatically and GAP..

https://www.fxstat.com/widget/link?t=small&c=1&s=18986&o1=growth&o2=drawdown&o3=monthly&o4=equity

Dec 05, 2013 12:27 pm
Noobtrader User

გვერდები: 52
გაწევრიანდა: 07/11/2013

Originally posted by AbuRomman

The market gaps happen becuase there will be little trading happening during the weekend, but once the banks start trading on Sunday night the price can change quite dramatically and GAP..

 





If you plan to do a long trade over the weekend beware, as Abu has mentioned because of the gap you can potentially earn a lot OR lose a lot a soon as the markets open 

Dec 06, 2013 10:12 am

გვერდები: 939
გაწევრიანდა: 21/04/2011

Originally posted by AbuRomman

The market gaps happen becuase there will be little trading happening during the weekend, but once the banks start trading on Sunday night the price can change quite dramatically and GAP..



Gaps happen because financial and economic events do not stop during weekend. Forex trading is totally stopped during weekend. Due to economic and financial events, price adjusts itself during weekends and on Monday it is reflected in the form of gap.

Stick to your rules

გვერდი: 1