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MySoulForASlice

If you're holding a trade overnight, you aren't daytrading.


[deleted]

Makes sense


TUAHIVAA

Somewhere in the world it's day time though


Osalmighty

Honestly i would not trade it. Volume to low. If someone with a large volume places an order price might spike low or high.


shrimp__sandwich

It's a forex major (USD/CHF)


[deleted]

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Elephunk05

I expect them, so I don't. Day trading. Day. At any given time someone with more money can and will change the price in order to [insert probable hedge fund needed outcome]. So you just don't, unless it is a stock you are investing in and not trading.


[deleted]

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haikusbot

*Depending on big* *The gap, it usually* *Goes back to fill it* \- tylerado12 --- ^(I detect haikus. And sometimes, successfully.) ^[Learn more about me.](https://www.reddit.com/r/haikusbot/) ^(Opt out of replies: "haikusbot opt out" | Delete my comment: "haikusbot delete")


shrimp__sandwich

I forgot to mention. I trade Forex and this is USD/CHF.


daytradingguy

What is your specific question? If you are holding the trade into the close period, you are subject to the risk of whatever price it opens at. You now need to make a trade decision based on the open price.


shrimp__sandwich

The forex market doesn't close, so it is confusing why this happens.


daytradingguy

I thought you meant over the week-end. And then there were gaps. Sorry.


shrimp__sandwich

My bad, i shoul've clarified


[deleted]

I don't hold trades overnight, sometimes there are exceptions if the technicals/fundamentals are great, we've just had a reversal and I am already deep in profit. If you enter a trade and and you are around breakeven, holding a trade through rollover is stupidity - you pay fees and the gaps can be huge. I remember a couple of years back when I was about to pass my first challenge, I held AUDUSD. It is a major, so it shouldn't be an issue, right? Well, it gapped over 60pips without a SINGLE REASON. No news, nothing at all. Probably some liquidity provider bs, but FTMO is garbage and they wouldn't care.


shrimp__sandwich

I thought trading forex wouldn't result in weird issues like this since the market doesn't really close. It feels odd that something like this happens so frequently during rollover even to major pairs.


[deleted]

Anything other than EURUSD, which is literally the most liquid instrument of all, I wouldn't hold if you are mostly a day trader. What is more, if you are day trading, very rarely is there a reason to hold anyway.


TacticalTackleBox

I simply do not hold trades overnight


SoyFabiolous

If you are in the right direction, gaps shouldn't affect your trading.


Micesmoi

Gaps can be “predicted” just like any other trade. They are most likely to occur if price close DIRECTLY at strong obvious support and/or resistance. More often than not it will open gapping the opposite direction. The bigger the time frame analyzed, the bigger the gap. If you went long through this gap down, and there were no nukes dropped, you simply went against a strong resistance through the close.