Posted by stevieb294 on 6th of Mar 2017 at 08:56 am
17. "On the open, never enter a new trade in the direction of a
gap."
Thanks but some good and some bad ideas in here..
This one particularly incorrect.
A gap up is an indication of excess and that something has
changed. If it is not filled is one of the best indicators to get
on board in that direction.
agree on your last comment, as we've seen that 100's of time
with the trend days. Of course you don't just buy the gap,
you have to observe how it holds to see if it could be a trend day.
Trading Psychology/Rules..
Posted by rreich on 4th of Mar 2017 at 11:04 am
Just stumbled upon...
http://www.sit1.com/rp/psycho.pdf
Thanks
Posted by stevieb294 on 6th of Mar 2017 at 08:56 am
17. "On the open, never enter a new trade in the direction of a gap."
Thanks but some good and some bad ideas in here..
This one particularly incorrect.
A gap up is an indication of excess and that something has changed. If it is not filled is one of the best indicators to get on board in that direction.
agree on your last comment,
Posted by matt on 6th of Mar 2017 at 09:07 am
agree on your last comment, as we've seen that 100's of time with the trend days. Of course you don't just buy the gap, you have to observe how it holds to see if it could be a trend day.
Right you are Matt...
Posted by stevieb294 on 6th of Mar 2017 at 09:12 am
...that's why I said " If it is not filled"