Weekly Sunday Gap Trades – 11 feb edition

So this sunday I started to check pre-market quotes at 15.30H EST and quickly realized this wasnt going to be a big gap day.

As usual I check the forex factory calendar, and look if any important news were coming up, since I dont want to be in the middle of a fully technical trade when a surprise fundamental data is released and f*ck my trade. Sorry for that.

I saw that the Japanese market was closed for holiday, and personally I always appreciate that, as this means less liquidity, more volatility, and in english, better gaps.

Sadly tho, there was only an interesting gap on the CHF, and on all the majors, only UCHF made a clean breakout. I then readed on forexlive (a great live blog I would recommend) that there were some comments about further devaluation of the CHF, so I might have to say here that this was a more risky than usual trade, and I wanted to exit quick. ECHF also made a great movement, but there wasnt any clear resistance, and the pattern looked more like a pro gap than a novice one (the price jumped higher from the bottom, pros are the one who buy low and then sell high).

So here is my UCHF trade with a trade description, I also took a screenshot of the missed EU trade. Questions?

missed EU gap 10 feb

UCHF gap 10 feb

 

 

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