How can i see the gap in the market with a broker that doesn` t show gaps

[Tradess0610]

How do you plan to trade daily based on yahoo finance? Get some trading station.
And read some books on the basics. As in what is bar chart, what is candlesticks chart, etc.

If you get into this shark waters unprepared, you will only lose money.

 

[andy_p]

How do you plan to trade daily based on yahoo finance? Get some trading station.
And read some books on the basics. As in what is bar chart, what is candlesticks chart, etc.

If you get into this shark waters unprepared, you will only lose money.

I need to understand how to trade the GAP. I`m gonna use a Demo account don`t worry and only after I see the strategy working only then will i put in real money. But I need to see the gaps so that I can know what to trade

 

[andy_p]

I doubt you'll find a CFD broker that shows the gap because CFDs are based upon the futures which don't stop trading at the equity close.
It's not very difficult to place 2 vertical lines on a chart & 1 horizontal line every day. It takes less than 2 minutes.

View attachment 309353

Thanks a lot for your help It`s still a little fuzzy but I`m going into the right direction

 

[andy_p]

Seriously, if you have to ask about this, you need a ton of study before attempting to do any live trading.

Gap trading on it's own won't get you far because some days they are filled while other days the markets will just continue on in the direction of the gap. To know the difference you need a more complete system.

The gap today is the difference from today's opening price (left side the bar) and yesterday's closing price (right side of the bar).

Thank you so i look at the right side that`s all i wanted to know thank you so I just look at the level the first bar chart closed and then look on yahoo finance the level it closed the previous day and that way I can figure out how big is the Gap? did i get this part correctly .

 

[Laissez Faire]

Thank you so i look at the right side that`s all i wanted to know thank you so I just look at the level the first bar chart closed and then look on yahoo finance the level it closed the previous day and that way I can figure out how big is the Gap? did i get this part correctly .

Seriously, and I don't mean to be a dick, but you have a lot of learning and studying to do before you even place a simulator trade. Don't waste your money on trading right now as it will be a guaranteed loss.

Here's an RTH chart for illustration.

As you can see - only the first day was a good buy on the Open for a gap fill (and it continued higher).

For the second day, no gap fill as the market continued in the direction of the gap.

For the third day the gap filled, but the market went much higher first.

I prefer candlesticks, though:

If you still don't understand what a gap is, there's no hope for you I'm afraid.

Personally, I use gaps as targets, but I most certainly won't fade them as a rule. The two last days in the chart above shows why that's a bad idea.

 

[andy_p]

Seriously, and I don't mean to be a dick, but you have a lot of learning and studying to do before you even place a simulator trade. Don't waste your money on trading right now as it will be a guaranteed loss.

Here's an RTH chart for illustration.

As you can see - only the first day was a good buy on the Open for a gap fill (and it continued higher).

For the second day, no gap fill as the market continued in the direction of the gap.

For the third day the gap filled, but the market went much higher first.

View attachment 309362

I prefer candlesticks, though:

View attachment 309363

If you still don't understand what a gap is, there's no hope for you I'm afraid.

Personally, I use gaps as targets, but I most certainly won't fade them as a rule. The two last days in the chart above shows why that's a bad idea.

The trading system that I`ve bought has very good reviews, and it works. I know because I trust the person who told me to buy it. He wasn`t making anything from the sale, but he helped me. I understand what a GAP is I`m just having problems finding a broker that will let me trade like spread betting and place 1$ per pip per trade.

I need to know how big the gap is, and I`m betting or trading on that gap to close it happens about 70% of the time the gap is closing, and with CFDs that are highly leveraged, you can make money.

I just need 1 to set the chart to a bar one and 2. trade the gap using the demo when I`m profitable there after about 3 months i switch to real trade for 1 month 1000$ bank at 1$ per pip then if that is profitable I go all in

 

[Tradess0610]

I go all in

NEVER EVER risk the money you cannot afford to lose.

 

[rb7]

The trading system that I`ve bought has very good reviews, and it works. I know because I trust the person who told me to buy it. He wasn`t making anything from the sale, but he helped me. I understand what a GAP is I`m just having problems finding a broker that will let me trade like spread betting and place 1$ per pip per trade.

I need to know how big the gap is, and I`m betting or trading on that gap to close it happens about 70% of the time the gap is closing, and with CFDs that are highly leveraged, you can make money.

I just need 1 to set the chart to a bar one and 2. trade the gap using the demo when I`m profitable there after about 3 months i switch to real trade for 1 month 1000$ bank at 1$ per pip then if that is profitable I go all in

With all due respect, there are so many red flags in that post.
No wonder why they say that 95% of all traders fail.

But the best way to learn is by doing mistakes. So for that, you are on the right path.

I wish you best of luck, because you gonna need it.

 

[Laissez Faire]

The trading system that I`ve bought has very good reviews, and it works. I know because I trust the person who told me to buy it. He wasn`t making anything from the sale, but he helped me. I understand what a GAP is I`m just having problems finding a broker that will let me trade like spread betting and place 1$ per pip per trade.

Never trust anyone in this business. Only trust what you can verify yourself. I learned this the hard way.

Generally, systems that are sold to the public ain't worth much. Maybe they could provide a base to build on and some interesting insights, but I'm 100 % convinced that a profitable system wouldn't be sold to the public for a modest sum. Why would it?

I need to know how big the gap is, and I`m betting or trading on that gap to close it happens about 70% of the time the gap is closing, and with CFDs that are highly leveraged, you can make money.

Sounds high. Here's that statistics for ES on the last two years requiring a full gap fill (often they'll do a partiall fill or come close, so if allowing for some inexactitude the % can be higher).

Also, keep in mind that many of these gaps will close later in the session and not at the start, so blindly betting on a gap close is a losing strategy.

2022:

2021:

I just need 1 to set the chart to a bar one and 2. trade the gap using the demo when I`m profitable there after about 3 months i switch to real trade for 1 month 1000$ bank at 1$ per pip then if that is profitable I go all in

Sounds good. Stay in demo for as long as you need and don't go live with this method anytime soon.