...also, you'll see the balance has increased a tad even though I've taken no trades. My broker Oanda pays interest on the balance and hence there are some small increases...
+6% for the year as of TODAY, 8/24/08
Good evening :)
Sunday, August 24, 2008
More thoughts on the Sunday gaps...
...running through some things and I'm trying to take another look on the sunday "gaps". Posting here in an effort bookmark this thought process and come back to it later. Basically, I'm looking to forget the whole "gaps" term and look at it as simply price movement and the fact that the price movement within the first few hours after the Sunday market open usually comes back to within a few points of the Friday close.
I broker with Oanda and usually do not see price gaps on Sunday. Oanda's price movement starts coming in right about 1pm (PST) where as other brokers/charting won't show price until an hour or more later, thus creating a "gap". I'm looking to play the opening price movement with the thought process that price will return to the Friday close.
More later
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