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Gap trading oil?


kraven

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I don't normaly trade oil but took a look at BRENT today and noticed a huge gap of 112pips (10:45 to 01:00 GMT). this got me looking through the charts and noticed at this time on:

14 dec..gap 17pips..filled

15.....16....filled

17....9.......filled

20....17.....filled

27.....13...filled

28....20....filled

30....21.....filled

31....17....filled

7 Jan...62...filled

 

and today 112pips and appears to be slowly filling as i type.

 

Does anyone trade these gaps? if so how? do you have stop loss and entry rules? as i tried a little bet on this today and been closed out both times

 

Thanks

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juicyt don't know what you mean by 'free broker'....platform MT4....spreadbetting firm 'smart live spread'........BrentSB spread 4-5pips

 

even with commision out the above gave 239pips.....however, many of these moved in the oppersite direction before closing, giving much bigger rewards, if you know how and when to enter e.g. it pulled back 50pips max before reversing and closing the 112 gap today.

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