Posted by jimbodad on 18th of Mar 2011 at 10:14 am
I had mentioned yesterday how much I enjoy this indicator.
I primarily trade futures and trading the gap is one of my
strategies.
for example - i was long 1281 $es in a riskless trade targeting
1292s (gaps usually (but not always) don't fill on opex
fridays). matt posted his chart contrary to my trade and i
ultimately was taken out per my rules at breakeven. Although
my trade ultimately didnt pan out, it was nice to see the other
side and what direction the mkt was more likely to gravitate given
the indicator. I can see this indicator being a great tool
especially when my thesis for a gap fill lines up with his.
thanks so much.
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I had mentioned yesterday how
Gap Indicator
Posted by jimbodad on 18th of Mar 2011 at 10:14 am
I had mentioned yesterday how much I enjoy this indicator. I primarily trade futures and trading the gap is one of my strategies.
for example - i was long 1281 $es in a riskless trade targeting 1292s (gaps usually (but not always) don't fill on opex fridays). matt posted his chart contrary to my trade and i ultimately was taken out per my rules at breakeven. Although my trade ultimately didnt pan out, it was nice to see the other side and what direction the mkt was more likely to gravitate given the indicator. I can see this indicator being a great tool especially when my thesis for a gap fill lines up with his. thanks so much.