Michael - here's my chart, I assume you are using the same
PSAR
so far a pullback off the gap high, which was at resistance
anyway, so it's logical to have a little pullback,we'll see where
it goes from here, there is now potential divergence for negative
divergence on the 60 min charts, but MACD lines need to cross
down
Matt -- yes, same PSAR. On many gaps recently it has
opened in the direction of the gap, so seeing that sell at the open
was a good reason to short with a stop above the highs. Very
nice.
gap
Posted by Michael on 9th of Sep 2010 at 09:31 am
FWIW -- the gapless PSAR has opened on a sell
Michael - here's my chart,
Posted by matt on 9th of Sep 2010 at 10:45 am
Michael - here's my chart, I assume you are using the same PSAR
so far a pullback off the gap high, which was at resistance anyway, so it's logical to have a little pullback,we'll see where it goes from here, there is now potential divergence for negative divergence on the 60 min charts, but MACD lines need to cross down
Matt -- yes, same PSAR.
Posted by Michael on 9th of Sep 2010 at 11:31 am
Matt -- yes, same PSAR. On many gaps recently it has opened in the direction of the gap, so seeing that sell at the open was a good reason to short with a stop above the highs. Very nice.
Hi Michael Yes 15mins in and
Posted by vimal on 9th of Sep 2010 at 09:46 am
Hi Michael
Yes 15mins in and my gap system is showing a sell but I like to wait for 30mins trading before confirming. So far yep fade the gap
gap
Posted by windyjazz on 9th of Sep 2010 at 09:42 am
gap and crap?...maybe the boys in the futures pits got a little ahead of themselves