YM Traders

Discussion in 'Index Futures' started by volente_00, Aug 23, 2005.

  1. I love playing gaps, especially big un's like today. But I very seldom enter a trade based on the gap. Instead I wait for setups as normal, and if a gap exists in the direction of the trade, the gap provides target prices. In my expericence, gap price levels supercede other intraday support/resistance levels until filled. Gap fill levels seem to be magnetic!

    I also keep track of unfilled gaps, again using them as target price levels... works especially well in trending markets, when existing unfilled gaps seem to be out-of range. Something I call "big air".

    good luck
    Osorico

    as of 9:34 am MST...
    long @11010
    stop @10089
     
    #3841     Jan 10, 2006
  2. Gooo Oso!
     
    #3842     Jan 10, 2006
  3. Exactly,

    emini Russell just made new historical highs, very likely other indices will catch up soon as the Russell often behaves as leading indicator.
     
    #3843     Jan 10, 2006
  4. out 1/3 @024

    stop @ 016
     
    #3844     Jan 10, 2006
  5. stop @020
     
    #3845     Jan 10, 2006
  6. Better sell em
     
    #3846     Jan 10, 2006
  7. stopped @020.

    +34 total on trade
     
    #3847     Jan 10, 2006
  8. futuman

    futuman

    The gap has been filled. Would be time for a little pullback. Just seems very resiliant.
     
    #3848     Jan 10, 2006
  9. the gap stiill lives... 11052 fills gap.
     
    #3849     Jan 10, 2006
  10. long @030
    stop @015

    will add @38
     
    #3850     Jan 10, 2006