Wide range bar 123 gap forex strategy

Wide range bar 123 gap forex strategy

Quite often the price that currency pairs open at on Sunday is different from what they closed at on Friday – this different is called the ‘Gap’. Now, price almost always “closes” the gap, that is, price trades up (or down) to where price was on Friday within 24 hours (but occasionally In general, all markets with set market hours are often a subject to gaps in prices between trading and non-trading hours. Although the Forex market operates 24 hours per day, the markets are technically closed during the weekends on Saturdays and Sundays. However, the forex market is only closed to retail traders 16/08/ · Analysis of wide range body or bar (WRB Hidden GAP) is the most efficient way to exploit changes in supply/demand or changes in volatility for profits

WRB Trading Strategy in Detail - Price Action Analysis

Your support is fundamental for the future to continue sharing the best free strategies and indicators. Submit by JanusTrader. The Forex market is closed from Friday evening until Sunday evening assuming GMT time to make it easier for everyone. Sometimes the gap can be 20 pips… and sometimes it can be ! So by selling on Sunday as the market opened there wide range bar 123 gap forex strategy 20 pips available… which was fulfilled over the next 4 hours. This is a valid strategy — just look for gaps… however there becomes a fairly significant issue and that is: What if the market goes the other way?

Take a look at this example:. In the pictures Gap forex system in action, wide range bar 123 gap forex strategy. Either way not a great trade at all in the case! We require knowledge of candlesticks to help us.

What we do is actually really simple; we look for a gap on a currency pair and then, instead of just jumping in, we wait patiently until we get a solid candlestick pattern. A candlestick pattern does three things for us:.

We get a decent gap and then a solid-looking Harami pattern occurs:. We get a 25 pips gap on Sunday… then we wait for candlestick confirmation; we get this around hours later in the form of a Hammer candle AND a Bullish Engulfing together:.

The combination of the Hammer and Bullish Engulfing pattern is very powerful. You could however have entered right after the Hammer formed — this was a good signal itself! Share your opinion, can help everyone to understand the forex strategy.

Write a comment. txt Site map. Submit by JanusTrader The Forex market is closed from Friday evening until Sunday evening assuming GMT time to make it wide range bar 123 gap forex strategy for everyone. A candlestick pattern does three things for us: 1 — Confirmation, with the occurrence of a reliable candlestick patternof what we are hoping the market is going to do. Write a comment Comments: 0. Support and Resistance Forex Strategies. Privacy Policy Cookie Policy VAT Log out Edit.

Follow us on Instagram.

95% Winning Forex Trading Formula - The Forex Master Pattern��

, time: 37:53

WRB Analysis - Price Action Trading and Analysis

In general, all markets with set market hours are often a subject to gaps in prices between trading and non-trading hours. Although the Forex market operates 24 hours per day, the markets are technically closed during the weekends on Saturdays and Sundays. However, the forex market is only closed to retail traders As you can see, there is not much difference when switching to Wide Range Bars (UseWholeBars = true): This indicator does not generate any trading signals. It offers information about price action to aid a trader with entry and exit signals generated by some other strategy. WRB bars are nearly meaningless, but only WRB can show a Quite often the price that currency pairs open at on Sunday is different from what they closed at on Friday – this different is called the ‘Gap’. Now, price almost always “closes” the gap, that is, price trades up (or down) to where price was on Friday within 24 hours (but occasionally