did you start fights between other kids when you were little? how would you like your lunchbox stuck up your ass?
Get on a plane; fly to the Bahamas for a nice little vacation; and bring your lunchbox so we can talk ...
The average gap in the Nasdaq is 1.17%. This will completly fill in 71% of the time. If you are trending down and the Nasdaq gaps up about 14 points to an area of resistence (MA, Price etc) short it with a target being 1/2 point above yesterdays close. Flip this for long. If this is all you do, you will make a lot of money, but most people wont have the discipline. This data is based upon every single trading day in the Nasdaq since 1989. Brandon
Gap thingy : it's not 100%. it's high win rate though. but it's not rare to see the market never look back on you. this setup is well known, as well as stops on it : time stop of 30 - 60 mn confirmed swing against you etc. otherwise, as metoxx is pointing out, you'll get ugly drawdowns, even within a couple of days. that said, it's a simple and effective setup (the stop can be treated as stop and reverse, very profitable too). tntneo
You have to find a stop point yourself, that is part of my edge I guess , but it is simple, us a point on the chart, I dont usually risk more than a few points..which means obviously that sometimes it'll fill but I will have been stopped out. I find that about 2/3 of the gaps that are gonna fill do it with in the first 30/40 minutes..so that gives you something to work with too. Brandon