Do you think you can turn $200 into $400 in six weeks?
forex_trader_169857
Member Since Dec 31, 2013
170 posts
Jul 12, 2014 at 13:17
(edited Jul 12, 2014 at 13:28)
To put it into perspective, here's an illustration of a 'gap'..
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jul 12, 2014 at 13:29
@MyFxTrader
Clearly you don't understand 'time frame'. As I tried to explain many times. If you create same chart on monthly time frame gap would not be visible.
If you create monthly graph, you cant see the gaps from week to week (or day to day on stocks)
As if you create 1m chart you can't see what happened second to second.
Clearly you don't understand 'time frame'. As I tried to explain many times. If you create same chart on monthly time frame gap would not be visible.
If you create monthly graph, you cant see the gaps from week to week (or day to day on stocks)
As if you create 1m chart you can't see what happened second to second.
Jul 12, 2014 at 14:19
(edited Jul 12, 2014 at 14:24)
This thread is getting mad again... :)
@MyFxTrader, Yes, this is a covered gap up!
@ahuruglica, I think @MyFxTrader understood what you are talking about....
@AmberLynn or @Master_Kiwa .... YES! There are GAPS in Forex... they are gaps, they are NOT spread widening, they are NOT spikes... they are GAPS! Stop pretending that you know everything when you actually know a little more than nothing...
In theory, in Forex, no gaps should exist... even the weekend gaps are not really gaps it is simply that brokers are closed during weekends and when they open they miss some transactions that occurred during the weekend...
In reality, however, gaps exist in forex, too! They may occur when brokers are closed, but they may also occur when the markets are open... it's about liquidity... even if you have a TRUE ECN provider as @AmberLynn or @Master_Kiwa suggested you will still get gaps and I don't mean to surprise you if you trade directly with a liquidity provider (such as Saxo or Citi), you can still get gaps... There are times when liquidity does not exist between liquidity providers and these times available funds get distributed by priority, so you get a gap!
@AmberLynn or @Master_Kiwa, I know you don't believe me... and you need proof... so... open an 1M chart of low liquidity currency... such as USD/HKD you will notice that even in normal trading hours, without any extraordinary event, prices are gaping 1-2 pips...
The picture above is from my broker... check it in your broker and post it here... I suppose that you, as a professional trader, you are using a TRUE ECN broker! Right?
P.S. @AmberLynn or @Master_Kiwa, before trying to find an excuse.. keep in mind that the chart above is from MT4 which shows only BID prices, any spread widening would have change the ASK price not the bid price, so those little gaps are not due to spread changes...
@MyFxTrader, Yes, this is a covered gap up!
@ahuruglica, I think @MyFxTrader understood what you are talking about....
@AmberLynn or @Master_Kiwa .... YES! There are GAPS in Forex... they are gaps, they are NOT spread widening, they are NOT spikes... they are GAPS! Stop pretending that you know everything when you actually know a little more than nothing...
In theory, in Forex, no gaps should exist... even the weekend gaps are not really gaps it is simply that brokers are closed during weekends and when they open they miss some transactions that occurred during the weekend...
In reality, however, gaps exist in forex, too! They may occur when brokers are closed, but they may also occur when the markets are open... it's about liquidity... even if you have a TRUE ECN provider as @AmberLynn or @Master_Kiwa suggested you will still get gaps and I don't mean to surprise you if you trade directly with a liquidity provider (such as Saxo or Citi), you can still get gaps... There are times when liquidity does not exist between liquidity providers and these times available funds get distributed by priority, so you get a gap!
@AmberLynn or @Master_Kiwa, I know you don't believe me... and you need proof... so... open an 1M chart of low liquidity currency... such as USD/HKD you will notice that even in normal trading hours, without any extraordinary event, prices are gaping 1-2 pips...
The picture above is from my broker... check it in your broker and post it here... I suppose that you, as a professional trader, you are using a TRUE ECN broker! Right?
P.S. @AmberLynn or @Master_Kiwa, before trying to find an excuse.. keep in mind that the chart above is from MT4 which shows only BID prices, any spread widening would have change the ASK price not the bid price, so those little gaps are not due to spread changes...
Attachments:
Member Since Nov 21, 2011
1718 posts
Jul 12, 2014 at 14:31
(edited Jul 12, 2014 at 14:42)
As dchara01 said, 50 pips gaps is more likely to happen over the week end, because retail Fx brokers are closed for 2 days. In fact, It not because your broker is closed that world is not running anymore!!!
End of the very constructive MK's comment:
Gap can happen anytime.
Spread widening can happen anytime
Spike can happen anytime.
Attachments:
Jul 12, 2014 at 14:50
(edited Jul 12, 2014 at 14:52)
and since I have been accused several times in this tread that my posts are not creative or productive... as special present to @AmberLynn or @Master_Kiwa ... I posting the chart below:
The target is higher than 10500, that is more than 830 pips away from market price and the SL is only about 140 pips, resulting in risk/reward ratio of 1:6... But you are gonna need to hold this position for some time...
The target is higher than 10500, that is more than 830 pips away from market price and the SL is only about 140 pips, resulting in risk/reward ratio of 1:6... But you are gonna need to hold this position for some time...
Attachments:
Jul 12, 2014 at 14:59
CrazyTrader posted:
...In fact, It not because your broker is closed that world is not running anymore!!! ...
I have to disagree with you here... it is actually because the world IS running, while your broker is closed... and by the time the broker opens it finds the world at a different state than it was when the broker closed!
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jul 12, 2014 at 15:03
@dchara01
Perfectly explained. Good job.
@CrazyTrader
Good job finding a gap on 1 min chart. I am wondering if that is enough for MK to convince him. Of course it's not enough, you have to find a gap in size of the planet earth. He is MK, it's his style.
Perfectly explained. Good job.
@CrazyTrader
Good job finding a gap on 1 min chart. I am wondering if that is enough for MK to convince him. Of course it's not enough, you have to find a gap in size of the planet earth. He is MK, it's his style.
Jul 12, 2014 at 15:07
dchara01 posted:CrazyTrader posted:
...In fact, It not because your broker is closed that world is not running anymore!!! ...
I have to disagree with you here... it is actually because the world IS running, while your broker is closed... and by the time the broker opens it finds the world at a different state than it was when the broker closed!
Sorry, I re-read what you wrote and it seems that I misunderstood it... :)
Member Since Nov 21, 2011
1718 posts
Jul 12, 2014 at 15:19
dchara01 posted:
Sorry, I re-read what you wrote and it seems that I misunderstood it... :)
Unfortunately, I can't say thing in english as I wish.
Member Since Nov 21, 2011
1718 posts
Jul 12, 2014 at 15:21
Something funny!!!
The new way to check out if an account is performing well... Guess what... Look at Pip drawdown !
The new way to check out if an account is performing well... Guess what... Look at Pip drawdown !
Member Since Nov 21, 2011
1718 posts
Jul 12, 2014 at 15:24
Have you ever seen this on MK account profile LOL!!!!
This guy was taking the piss !!!!
This guy was taking the piss !!!!
Attachments:
Jul 12, 2014 at 15:53
CrazyTrader posted:
Something funny!!!
The new way to check out if an account is performing well... Guess what... Look at Pip drawdown !
Please take a closer look! In the above video @Master_Kiwa has a bookmark of Mechie's profile on myfxbook.com on his chrome bookmark toolbar.... coincidence???
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jul 12, 2014 at 15:55
(edited Jul 12, 2014 at 15:57)
Do you want to see the funniest fact about Master Kiwa.
His first post. One year ago (18 april 2013) he was thanking experienced traders (people like us) for pointing out SCAMS. The ignorance is, within a year he became a scam too. LOL
His first post. One year ago (18 april 2013) he was thanking experienced traders (people like us) for pointing out SCAMS. The ignorance is, within a year he became a scam too. LOL
Jul 12, 2014 at 16:05
Jul 12, 2014 at 16:13
dchara01 posted:
This thread is getting mad again... :)
@MyFxTrader, Yes, this is a covered gap up!
@ahuruglica, I think @MyFxTrader understood what you are talking about....
@AmberLynn or @Master_Kiwa .... YES! There are GAPS in Forex... they are gaps, they are NOT spread widening, they are NOT spikes... they are GAPS! Stop pretending that you know everything when you actually know a little more than nothing...
In theory, in Forex, no gaps should exist... even the weekend gaps are not really gaps it is simply that brokers are closed during weekends and when they open they miss some transactions that occurred during the weekend...
In reality, however, gaps exist in forex, too! They may occur when brokers are closed, but they may also occur when the markets are open... it's about liquidity... even if you have a TRUE ECN provider as @AmberLynn or @Master_Kiwa suggested you will still get gaps and I don't mean to surprise you if you trade directly with a liquidity provider (such as Saxo or Citi), you can still get gaps... There are times when liquidity does not exist between liquidity providers and these times available funds get distributed by priority, so you get a gap!
@AmberLynn or @Master_Kiwa, I know you don't believe me... and you need proof... so... open an 1M chart of low liquidity currency... such as USD/HKD you will notice that even in normal trading hours, without any extraordinary event, prices are gaping 1-2 pips...
The picture above is from my broker... check it in your broker and post it here... I suppose that you, as a professional trader, you are using a TRUE ECN broker! Right?
P.S. @AmberLynn or @Master_Kiwa, before trying to find an excuse.. keep in mind that the chart above is from MT4 which shows only BID prices, any spread widening would have change the ASK price not the bid price, so those little gaps are not due to spread changes...
What your chart is NOT showing gaps... Each tick between that range has simply been touched. That in no way is a GAP. What most people would consider a gap is what Super trader displayed. Yet, your chart is simply missing the high/low of a candle. That can be caused by many issues, which could be with the connection between yourself and the broker. Not to mention the data in a chart can be manipulated within mt4 itself.
What adifx is pointing about his trades being closed in less then 1 second isn't because of a GAP, but because at the moment of him deciding to enter into the market, it was during one of the biggest news events. When that occurs your SPREAD becomes wide, and in the cause of his broker he was filled (the limit order) and stopped out at the same time, because the spread was wider then then the limit and sl.
The market WILL NOT for example GAP to another price as Adifx WOULD suggest. Meaning the bid price will never cross higher then the ASK, then all of a sudden go back under. If ADifx HAD SIMPLY recorded his mt4 screen, revealing the tick chart that would be the only way for him to PROVE that the price teleported and all of a sudden came back. Yet that is information which he doesn't have so unfortunately his claim will continue to be a fairy tale. Like Santa clause.
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jul 12, 2014 at 16:14
Contact Limka book of record.
Lol, I knew that was something special about him.
Lol, I knew that was something special about him.
forex_trader_136673
Member Since Jun 28, 2013
852 posts
Jul 12, 2014 at 16:16
The guy requires a long post jus to make behind tho ones that tell the truth about him.
MK I know why you are not civilized. Because you are from Bangladesh.
MK I know why you are not civilized. Because you are from Bangladesh.
Jul 12, 2014 at 16:17
CrazyTrader posted:
As dchara01 said, 50 pips gaps is more likely to happen over the week end, because retail Fx brokers are closed for 2 days. In fact, It not because your broker is closed that world is not running anymore!!!
End of the very constructive MK's comment:
Gap can happen anytime.
Spread widening can happen anytime
Spike can happen anytime.
That is a lack of communication between yourself and your server. If you were to compare your chart to another other broker you will notice that they have data on that 1m chart. Yes you have a gap on your chart, but that is because you lacked connection. More then likely at that time you had no signal at all. Those are things which would be much easier to see if your screen was recorded. That is where tick charts come into play.
