Best time to use pick up strategy is when the opportunity present itself in the trading below and that you must be able to now that the opportunity would come and you would need to take advantage quickly.
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Just like any other type of strategy in the forex market, you are not going to be successful with the gap strategy if you do not know the basics like having when you want to enter and when to exit.In order to successfully trade gapping stocks, one should use a disciplined set of entry and exit rules to signal trades and minimize risk. Additionally, gap trading strategies can be applied to weekly, end-of-day or intraday gaps.
It is definitely one of the ways to make money in the forex market, but I would like to point out that you can only use the gap strategy when the Candlestick pattern presents the opportunity.Some traders make use of it when they get to realise that the market is not going in their favour and they make use of it to try as much as possible to manipulate things and get some profit.
This is good to know, and I'm very sure that such opportunities may not necessarily come as often as some people may be thinking and that is very important to bear in mind.It is definitely one of the ways to make money in the forex market, but I would like to point out that you can only use the gap strategy when the Candlestick pattern presents the opportunity.
By the way, it's a good strategy to use on all major currency pairs at the same time. When a new week starts look if there is a gap. A gap should be at least 5 times the average spread for the pair. Otherwise it can't be considered a real signal.Gap strategy is a kind of strategy used for buying and selling of currency, so if it is gap up that is then you have to prepare to sell but if it is gap down that is buy. My question is which day the gap strategy occur in forex some of my colleague said its on Sunday but am some how optimistic.