- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Share this
What are Market Gaps?
Market gaps are areas where the price skipped and did not trade.
A market trading upwards may skip an area on the chart and the next candlestick opens higher than the close and highest high of the previous, leaving a gap up.
In a similar manner, a market trading downwards may skip an area on the chart so that the next candlestick opens lower than the close and lowest low of the previous, leaving a gap down.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
There are several types of market gaps.
Basically, gap ups are market gaps that occur where the price opens higher than the close and high of the previous candlestick.
Gap downs, however, occur where the price opens lower than the close and low of the previous candlestick.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Those are not the only types of market gaps that exist. There is a finer categorization of market gaps which includes:
- Exhaustion gaps.
- Continuation gaps or Runaway gaps.
- Breakaway gaps.
- Common gaps.
Now, the focus of this post will be on Continuation or Runaway gaps.
To remind yourself about the other three, you can read the post ‘How to Make Money Trading the Olymp Trade Trading Gaps’.
What are Continuation or Runaway Gaps?
Continuation gaps, just as the name suggests, are market gaps that point towards the continuation of a particular trend in the same direction as the direction of the gap.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
The term ‘runaway’ also suggests the same thing as a continuation, meaning that the price will run away from the gap in the direction the trend was before the occurrence of the gap.
What all that suggests is that runaway gaps always occur in the middle of a trend.
Once they occur, they show that the trend is not yet exhausted and may continue for a while, hence a trading opportunity in the direction of the incumbent trend.
Runaway gaps occur on both uptrends and downtrends.
Runaway gaps on uptrends occur upwards reinforcing the uptrend and may be referred to as runaway gap ups.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
On the contrary, runaway gaps on downtrends occur downwards endorsing the downtrend, and they may take the name runaway gap downs.
What causes runaway gaps?
All market gaps occur due to sudden events such as news releases and other factors.
If the factors are injected when the market is in the middle of a trend and incline towards endorsing the current market trend, then runaway gaps occur.
Are you wondering how you can make up to $100 a day trading in Olymp Trade with this trading method?
Well, there are many strategies you can apply, and trade the continuation. The runaway gaps is among the best to go for.
In this post, I will show you how to make up to $100 a day trading the continuation with runaway gaps in Olymp Trade.
Making up to $100 a Day Trading the Continuation with Runaway Gaps in Olymp Trade.
So how can you leverage the runaway gap set up to make up to $100 a day trading in Olymp Trade?
I will give you all the details in the next few paragraphs. Ready for the strategy?
Here are the simple steps you should follow:
-
Observe the Market Structure.
Usually, market pullbacks or retracements are the ones used to point towards trend continuation.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
However, such pullbacks need to be minimal and not significant in a market where we hunt for runaway gaps.
I would then say that runaway gaps should be mutually exclusive to many and significant retracements of the market.
Runaway gaps are sufficient to signal a trend continuation without the need for a pullback.
Where marked retracements occur, they may fill the market gap which is not a favorable thing as we shall come to see in setting up the Stop Loss Orders for your trades.
So what then?
Observe the market to make sure it is free of significant pullbacks and trending in a particular direction, not sideways.
If that is met, then proceed to the next step.
-
Establish the Market Trend.
For this strategy, the market should be trending in a particular direction. Avoid markets trending sideways like a plague. Go for markets trending upwards or downwards with consistency.
So are you wondering how you will establish the market trend?
Stay calm, I’ll reveal all that to you right here.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Before we proceed though, note that the trend upward or downwards should not be weak but healthy or strong. Weak trends can reverse unannounced.
To establish whether the market is trending weakly, healthily, or strongly, apply two moving averages – MA 20 and MA 50. Here are the distinctions:
- Weak Uptrend – the market has steep downward retracements even below MA 50.
- Weak Downtrend – the market shows steep upward retracements that go above MA 50.
- Healthy Uptrend – the market has retracements that do not go below MA 50.
- Healthy Downtrend – the market shows retracements not going above MA 50.
- Strong Uptrend – the market exhibits few retracements not going below MA 20.
- Strong Downtrend – the market shows few retracements which never go above MA 20.
Use the above distinctions to choose markets that show healthy to strong trends. Similarly, use it to avoid markets that show weak trends.
-
Identify the Runaway gap.
Have you established whether the market is trending healthily to strongly upward or downwards? Then you can watch out for runaway gaps.
If the market is trending healthily or strongly upwards, you expect an upward runaway gap (runaway gap up).
However, if the market is trending healthily or strongly downwards, you should expect a downward runaway gap (runaway gap down).
A runaway gap up is characterized by the price on an uptrend opening higher than the close and highest high of that previous candlestick.
On the contrary, runaway gap downs occur where the price on a downtrend opens lower than the close and the lowest low of that previous candlestick.
-
Confirm the Signal.
If the runaway gap has just occurred, you need to confirm that it will really cause a trend continuation. Unconfirmed runaway gap signals may not be suitable for trading.
A valid runaway gap up on an uptrend should be:
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
- Preceded by a rapidly rising price action.
- Accompanied by the absence of downward retracements.
- Accompanied by moderately increased trade volume.
A runaway gap down on a downtrend is valid if it is:
- Preceded by a rapidly falling price action.
- Not accompanied by any upward pullbacks.
- Accompanied by moderately increased trade volume.
-
Enter Buy or Sell Positions.
Following a confirmed runaway gap up on a strong or healthy uptrend, enter a buy position.
On the other hand, enter a sell position if the runaway gap down on a strong or healthy downtrend is confirmed.
You should time to enter the position just after the close of the candlestick immediately after the gap, in the direction of the trend.
Let it close higher for uptrends-cum-buy trades and close lower for downtrends-cum-sell trades.
-
Adjust Stop Loss.
For the buy trade, place the Stop Loss at the low of the gap. By the low of the gap, I mean the close or high of the previous candlestick before the price skipped opening higher in the next candlestick.
For the sell trade, however, place the Stop loss at the high of the gap.
The high of the gap is the close or low of the previous candlestick before the price skipped that area to open lower in the next candlestick.
-
Adjust Take Profit.
Measure the height of the trend before the gap and target equal profits. To be sure though, use a trailing Stop Loss to keep locking in profits in case of an eventuality.
Conclusion.
If the trend was strong enough, one position can even earn you over $100 depending on your lot size and leverage.
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Otherwise, you only need several such positions and before the day ends, you can make over $100 in Olymp Trade, thanks to the runaway gap strategy.
Share this
- Start trading with $1
- Earn up to 95% profits
- Fast payments
- $10 minimum deposit
- $10 minimum withdrawal
Recent Posts
You Will Become Rich Quickly if You Live in One of These 6 Countries.
Where in the world is it easiest to become rich? While so many people think that to become rich you’ve got to live, work, and do business in Iceland, Sweden, ….
You Can Make $274 if you Invest $100 Ten Times With a Winning Rate of 70%
Quite so often we receive WhatsApp texts or even telegram messages of traders asking, “how much will I make if I invest $100 in Olymp Trade?” While it is easy ….
XM Seminars for 2020 | Register a Real Trading Account to Book Seat
XM Global Ltd operating under the business trading name XM is a securities service provider licensee regulated and authorized by the International Financial service commission (IFSC) in Belize under the ….
XM MT4 | How to Make Money Trading Forex on Your Smartphone
Did you just register for a Forex trading account – which by the way, you hope to use to make so much money online but are still stuck wondering what ….
XM Global vs Olymp Trade | Which Broker to Join?
XM Global vs Olymp Trade, which broker should you sign up for? The real question should be, between Forex trading and Fixed Time Trading, what’s best for a beginner? Tell ….
XM Global No Deposit Bonus Forex! XM Forex $30 Bonus
COLWMA (City of London Wealth Management Awards) winner of Best FX Service Provider 2023, XM Forex is one of the best Forex brokers with a no deposit bonus globally. The ….
XM Forex: How Does Forex Trading Work?
To understand how Forex trading works, we must first understand what Forex is. And what is Forex you ask? Forex, also known as foreign exchange or FX, is the global ….
XM Forex Bonus $30 – How to Start Forex Trading Without Money
One of the reasons why most new traders fail to go past the demo account is the fear of losing money trading on a real account. But what if I ….
XM Forex 10th Anniversary Promo | Up to $1,000,000 to be Won in Prizes
Hey there,Do you want to raise so much money so fast for Christmas? How much do you wish to raise?Ksh. 50,000, €1,000, ₽2,000, ₹4,000,… or $10,000?Well, if your budget falls ….
XM Broker: Why is Forex Trading Popular?
There are so many reasons why people trade Forex. Some of these reasons also double up as the advantages or benefits of Forex trading. And what are these benefits you ….
Broker Comparison
Top 5 Binary Options Brokers With $10,000 Demo Account
Binary options trading is fast becoming popular in the world and with this popularity the urge and to find the best broker to trade with. But when we talk of ….
Tips to Becoming a Forex Millionaire in Kenya
Most people in Kenya have turned to forex trading to earn an extra coin. To start trading forex though, you need to have an account that will hold your money ….
SabioTrade: Get Funded and Withdraw up to 80% Profits
Are you looking for a way to trade Forex with a funded account and withdraw up to 80% of your profits? If so, you might be interested in SabioTrade, a ….
Quotex vs Olymp Trade. Which Broker to Sign up With?
Quotex vs Olymp Trade which broker should you sign up with? This is a common question that we get all the time, especially from newbie traders who want to sign ….
Quotex Broker Regulation Vs Olymp Trade Regulation
Quotex Broker is a binary options broker that offers access to its trading platform globally to traders who’d like to make money trading in shorter time frames. Just like Quotex, ….
Nigeria Forex Millionaires And Their Forex Strategies
Forex trading has spread to several parts of the world and is legal in Nigeria, and Africa. However, it operates within a gray area. Subsequently, the Central Bank of Nigeria ….
Is Qx Broker Among The Best Binary Options Brokers
Binary trading is one of the easiest and safest ways to trade online. It is also the fastest-growing form of investing. Binary trading is one of the easiest ways to ….
IQCent Broker Review With User Opinion, Legit or Scam?
Do you want to start trading with IQcent and don’t know if to trust them or not? Welcome to our comprehensive review of IQCent, the online trading platform that has ….
IQ Mining Review Plus Users Opinion. Legit or Scam?
IQ Mining is a dual-purpose platform, serving as both a cloud mining hub for cryptocurrencies and a broker for Forex and binary options trading. Its efficient utilization of smart contracts ….
Forex Millionaires in South Africa and How they Make Money
Last week, we started a new series of listicles on this blog. Our objective? To explore, discuss, and reveal the faces of forex millionaires in the countries where forex is ….
Business Ideas
What is the Best Business to Start in Kenya?
Kenya is a great place to start a business. The best type of business may be different for you, depending on your skill set and what you are looking for ….
What Business Ideas Make The Most Money
Are you an aspiring business entrepreneur? Check out our list of the most popular business ideas in 2024. People venture into the business world for different reasons. Some because they ….
What Business Can I Start With 2k In Kenya In 2024?
Kenya is a great place to start a business. The economy is growing, the population is young and there is a lot of opportunity for entrepreneurs. However, starting a business ….
Top Business Ideas that Will Make 375 SAR Daily in Saudi Arabia in 2024.
It is common knowledge that Saudi Arabia is the world’s greatest oil producer. Around 25% of the world’s petroleum reserves are processed in the country. According to statistics, Saudi Arabia’s ….
Top 50 Online Shopping Sites in India.
You must have found yourself ordering a thing or two from an online store and they delivered to your preferred address, right? Now that is the new fashion of doing ….
Top 50 Most Profitable Businesses in Kenya
Ain’t it not easy to say I want to start a business in 2024? Of course not. You have to do your due diligence: come up with a business idea, ….
Top 50 business ideas for All Ages {Online and Offline Ideas}
Many people desire to venture into entrepreneurship for different reasons. For sure, being your own boss, working from your home, garage, or office, offers total control and satisfaction. You can ….
Top 5 Instagram Businesses to Start
Instagram is an amazing photo and video sharing app that we use to connect to friends and family online. Interestingly, Instagram is as much a great place to start your ….
Top 30 Best Businesses to Start in Eldoret Town
Would you like to start a small business in Eldoret town? Which business do you have in mind? Do you have data to back up its profitability and to maybe ….
Top 20 Small Businesses For University Students In Kenya
Are you a university student in Kenya and looking for small business ideas to start? You are in the right place. In this article, I will show you the #20 ….
Make Money
Works at Home: 30 Ways to Make Money Fast (Online And Offline)
No matter what your situation is, there’s a side gig for you. Whether it’s to make a little extra cash or help solve an emergency issue, having a backup plan ….
Will Shiba Inu Coin Keep Making Investors Rich in 2024?
The Shiba Inu Coin has been one of the most popular crypto success stories since 2018. This meme-based cryptocurrency moved to its highest in just a few years making it ….
Which TikTok Star Will Have the Most Followers in 2024?
TikTok is a social media app that has taken the world by storm. It is a platform where users can share short videos of themselves. The app has been downloaded ….
Which Freelancing Site Should I Visit To Make Money Coding?
Freelancing is the best way to make money because it allows you to work on your own time and set your own schedule. You can take jobs that are local ….
Where to Get FREE NFTs: 11 Easy Ways to Do It
Non-fungible tokens (NFTs) are all the rage right now. These unique digital assets are quickly becoming a staple in the world of blockchain gaming and collectibles. The best part about ….
What’s The Best Business to Start in Kenya in 2024?
There are many businesses that you can start in Kenya in 2024. However, not all of them will be successful. It is important to do your research and find a ….
What No One Says About Olymp Trade! Put Together in a Video.
Could this be you? You opened an Olymp Trade account. Made a deposit. Traded on a live account for the first time. The outcome? You lost your first $10 deposit. ….
What is the Easiest Way to Make Money Online in Kenya in 2024?
There are thousands of ways you can make money in Kenya. Some of them require no skill or experience whatsoever, others? You’d need skill and experience to do with success. ….
What is The Easiest Way to Make $100 Today?
If you’re already making money online, skip this post. If you’re not already making any money online keep reading. Because the methods that I’m about to show you in this ….
What is The Easiest (Non-Scammy) Way to Make Money Online?
Making money online can seem like a daunting task. There are so many scams and get-rich-quick schemes out there that it’s hard to know what is legitimate and what isn’t. ….
Quotex Tutorials
What is Quotex? Quotex Trading Course for Beginners
Quotex is a cutting-edge digital options trading platform known for its user-friendly interface and numerous tradable assets, including OTC pairs, traded 24/7. The Quotex trading platform accommodates traders of all ….
Try This Quotex 1 Minute Strategy for Fixed Time Trades
While binary options trading is easy and only requires traders to choose between two different outcomes, it isn’t always profitable without a strategy. My honest truth, You can lose so ….
Top Traders on Quotex ++ Earnings And Strategies
Quotex, the most popular trading platform in 2024, has seen a surge in popularity in recent years. With more and more people looking to make a quick buck, it’s no ….
Risk Management: Trading Course for Beginning Quotex Traders
Risk management is an important discipline that traders must understand and implement if they want to protect their capital and improve their potential for profits. In other words, without risk ….
Qx Broker: How to Register with Quotex, Quotex.io in 2024
In order to start trading on the Quotex broker platform, either on the demo or live account, you must create an account. If you are doing this for the first ….
Qx Broker : How to Fund Quotex With Instant EFT in SA
Are you a South African trader looking for a reliable and efficient platform to deposit money and start trading with? Look no further than Quotex! With the addition of the ….
Quotex, Qx Broker 80% Weekend Bonus Promo Code
Welcome to the exciting world of trading! If you’re looking for a reliable and user-friendly trading platform, then look no further than Quotex.io. Qx broker is today giving out trading ….
Quotex Withdrawal Problem? Use This Other Method
Are you looking for a reliable and profitable binary options trading platform? Do you want to join thousands of traders who are making money online with Quotex? If yes, then ….
Quotex Weekly Tournament: Up to $10,000 in Prize Money
Every other month, the Quotex trading platform allows its users to participate in trading contests and earn more money. One such contest or tournament is the Quotex weekly tournament with ….
Quotex Trading Course for Beginners: Market analysis
Once you create a demo account in Quotex to start trading, you will notice that the platform has some type of chart. Generally, trading platforms have 4 different chart types ….
XM Tutorials
How XM Trading Works in Kenya
If you went to Google and searched, “how XM trading works” then chances are, you have never traded before, you don’t have a trading account and most importantly, you want ….
How To Trade With XM Forex.
So, you have just created a trading account in XM Forex and completed the account opening process successfully and now you are wondering, what next? How does Xm trading work? ….
How to Trade on XM Even on Weekends
Trading the financial markets via a broker like XM means getting access to real-time pricing of the financial assets when you want to trade. But, as we all know, the ….
How to Open a Trading Account With XM in Kenya.
If you are reading this post then chances are, you are convinced that Xm is the best broker for retail Forex, both locally and globally. And the truth is, XM ….
Tagged With : breakaway and runaway gaps • runaway gaps
