| StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER | << 1 ... 9 10 11 12 13 ... 40 >>Post Follow-up |
| TheRumpledOne 6,529 posts msg #55835 - Ignore TheRumpledOne |
10/19/2007 11:24:33 AM I just like how NASDAQ stocks trade. NYSE is too slow on the confirmations unless you trade them on an ECN. |
| maxbasily 57 posts msg #55840 - Ignore maxbasily |
10/19/2007 12:53:19 PM by the way Rumpled - what about spreads? trading e.g. BIDU and AAPL is quite a difference . so what do you use for e.g. the buyzone LONG entry - the latest "ask" or "last"?? |
| TheRumpledOne 6,529 posts msg #55845 - Ignore TheRumpledOne modified |
10/19/2007 3:36:28 PM
The buyzone stays the same all day long. Open + .20 - LONG ZONE Open + .10 Open Open - .10 - SHORT ZONE Open - .20 Use limit orders. Forget the spread. If you don't see how this works, DON'T TRADE IT! I don't say this to be rude but this is so simple either you see it or you don't. NO AMOUNT OF EXPLANATION is going to change that. Please note that NO INDICATORS were harmed in making this chart...LOL! |
| TheRumpledOne 6,529 posts msg #55846 - Ignore TheRumpledOne |
10/19/2007 3:44:25 PM
A buddy alerted me to SNDK. Gapped DOWN, went into LONG ZONE and then TANKED!! Notice how using the BUYZONE keeps you on the right side of the trade. EVERY BIG MOVE MUST PASS THROUGH THE BUY ZONE. |
| TheRumpledOne 6,529 posts msg #55847 - Ignore TheRumpledOne |
10/19/2007 3:46:49 PM
SEEING IS BELIEVING. |
| rwgamer 17 posts msg #55946 - Ignore rwgamer |
10/23/2007 11:46:14 AM Did you see DD today? It has filled the gap 100% of the time (when the gap has been 1% or greater) or 9 for 9. I have to go to jury duty so I didn't trade today unfortunately. Things are looking choppy anyway. It seems like Filling the Gap works fairly well during choppy markets, would you agree TRO? My experience is limited to the last several months. Rick |
| TheRumpledOne 6,529 posts msg #55971 - Ignore TheRumpledOne |
10/23/2007 9:46:17 PM Gap trade works everyday. |
| TheRumpledOne 6,529 posts msg #56021 - Ignore TheRumpledOne |
10/25/2007 1:14:44 PM |
| TheRumpledOne 6,529 posts msg #56082 - Ignore TheRumpledOne modified |
10/27/2007 2:20:18 PM I added the long/short profit displays. Now you can see just how much "MILK" these "COWS" can produce. |
| TheRumpledOne 6,529 posts msg #56150 - Ignore TheRumpledOne |
10/29/2007 4:11:50 PM MIND THE GAP!! How to trade gaps in Stock Market Charts There are four types of gaps : Common Gap Breakaway Gap Runaway Exhaustion Gaps are formed on daily bar charts where no trading has taken place. In an upside gap for example, a gap would be formed if the open is higher than the previous bar’s high (Murphy definition). A downside gap would be formed if the open was lower than the previous bar’s low. These initial gapping moves form true gaps when at the end of that trading day the gap is left unfilled. So in an upside gap, today’s low is higher than the previous bar’s high, in a downside gap today’s high is lower than the previous bar’s low. Common myth: All gaps must be filled. This a very tempting intra-day strategy but is strictly speaking, not true. Common Gap This type of gap generally occurs in the middle of trading ranges or in thinly traded markets. Chartists tend to ignore the common gap but futures traders are always keen to use the common gap with the following points in mind: 1.Every gap must be filled – which remember is not strictly speaking true 2.The gap high and low and even the close and open can be used as support and resistance levels. 3.Common gaps offer little to trend analysis or confirmation of a pattern breakout or reversal and are usually ignored by chartists. Breakaway Gap This type of gap can occur at the completion of a significant pattern. A breakaway gap gives a strong signal that the market has started a new trend or phase of a trend. This gap has more significance if it is left unfilled, and should remain ‘unclosed’ to have validity. On an upside gap, the high of the previous bar (the gap low) is considered to be strong support. On a downside gap the low of the previous bar is considered to be strong resistance. 1.Breakaway gaps are seen as patterns are completed and stops are triggered, the market may be receiving a ‘shock’. 2.Breakaway gaps can be used as support or resistance as orders will be left at these levels to cut losses or initiate trades. 3.Once the breakaway gap is confirmed (the gap holds on a test) the trend move should be strong. Runaway Gap Once the trend is underway prices may leap forward to form a gap or even a series of gaps. This may have some strong volume associated with it. The runaway gap offers the same support and resistance studies that the breakaway gap does. 1.The runaway gap sometimes occurs in the middle of the trend move and can be a ‘measuring gap’. 2.The runaway gap occurs as the trend gathers more ‘believers’, new funds flow into the market to re-enforce the trend. 3.The runaway gap also occurs as ‘stale’ longs or shorts cut their positions and take their losses. This can be on the back of news, shocks to supply/demand, or simply too much ‘pain’ in existing positions.Exhaustion Gap Once the trend is well established and most targets/objectives have been met, an exhaustion gap may be seen. This will appear like another runaway gap, but the price action will be critical. Basically, once the gap is seen, but is then filled and closed, the exhaustion gap could be in place. 1.Exhaustion gap is seen at the end of the trend move. 2.Exhaustion gap is confirmed as the gap is filled and closed. 3.Exhaustion gap signals a trend change Island reversals Island reversals occur when the market gaps higher with an upward exhaustion gap (or lower with a downwards exhaustion gap), trades in a narrow range for a few days and then gaps lower again. This leaves an “island” of prices, surrounded by unfilled space and usually signals a trend reversal. Opening Gaps are worth watching out for in intraday trading, but dont get too obsessed with them!! http://www.livecharts.co.uk/articles/gaps.php |
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