Posted by dodgerdog on 2nd of Jul 2009 at 09:26 am
Remember to employ a 15 - 20 min
gap
rulei.e. see how the
market holds up the 1st 15 - 20 min i.e.
Draw 2 horizontal lines; one at the lows and one at the highs
of the first 15 - 20 min. If the market can stay above the 15 min
high candle bar, the it is considered positive and the gap could
possibly hold up for the day , however if the market falls below
the 15 min low, then the likelihood of the gap fading increases
greatly. Realize that this is just a technique only and
doesn't work all the time!
Remember to employ a 15
Matt and Steve, thoughts were this was going to be ...
Posted by dodgerdog on 2nd of Jul 2009 at 09:26 am
Remember to employ a 15 - 20 min gap rulei.e. see how the market holds up the 1st 15 - 20 min i.e.
Draw 2 horizontal lines; one at the lows and one at the highs of the first 15 - 20 min. If the market can stay above the 15 min high candle bar, the it is considered positive and the gap could possibly hold up for the day , however if the market falls below the 15 min low, then the likelihood of the gap fading increases greatly. Realize that this is just a technique only and doesn't work all the time!
Gap Rule
Posted by gustosp on 2nd of Jul 2009 at 09:59 am
Can you draw a chart of the gap rule?
go to search, gap rule
Posted by averageguy on 2nd of Jul 2009 at 10:01 am
go to search, gap rule matt
Good idea thank you.
Posted by gustosp on 2nd of Jul 2009 at 10:14 am
Good idea thank you.