Posted by frtaylor on 18th of Sep 2015 at 09:41 am
Hey Matt, do you have a way to get into an RVM trade on SPY when
it gaps so deeply down? Just buy the close of the first 5 or 10 min
candle and place a stop below the low? (I covered my short
premarket and then went long when it dipped even lower, so I am
already in.)
Posted by frtaylor on 18th of Sep 2015 at 09:46 am
otherwise, (since I don't have the account to trade ES for real
money) I guess it's back to gap fill theory then! if it penetrates
the high of the 1st 15 min candle, go long, etc.
so here's what I mean, here's a daily ES chart, this is one of
my daily systems, anyway ignore the trades, you can see the doji,
the low was 1972.
and here's a 20 min ES chart with one of my systems, so the 1972
area would have been hit about 4:45 EST am if you had placed a sell
stop below the doji low
Hey Matt, do you have
Posted by frtaylor on 18th of Sep 2015 at 09:41 am
Hey Matt, do you have a way to get into an RVM trade on SPY when it gaps so deeply down? Just buy the close of the first 5 or 10 min candle and place a stop below the low? (I covered my short premarket and then went long when it dipped even lower, so I am already in.)
as I said below -
Posted by matt on 18th of Sep 2015 at 09:42 am
as I said below - on a daily chart, best to do ES, then note the price level and put in a buy or sell stop that may be filled overnight
otherwise, (since I don't have
Posted by frtaylor on 18th of Sep 2015 at 09:46 am
otherwise, (since I don't have the account to trade ES for real money) I guess it's back to gap fill theory then! if it penetrates the high of the 1st 15 min candle, go long, etc.
so here's what I mean,
Posted by matt on 18th of Sep 2015 at 09:46 am
so here's what I mean, here's a daily ES chart, this is one of my daily systems, anyway ignore the trades, you can see the doji, the low was 1972.
and here's a 20 min ES chart with one of my systems, so the 1972 area would have been hit about 4:45 EST am if you had placed a sell stop below the doji low
you may need to refresh
Posted by matt on 18th of Sep 2015 at 09:47 am
you may need to refresh the blog, I had placed the wrong ES 20 min chart there, refresh to see the proper one