Trading the Gaps

[ilir.shkurti]

Good work Ilir. Gap too big for me but was long from yesterday's touch of support around 1115 and got out at 1134 today so I'm happy. About time I had a good one this week.

Compared to you, mine was only 'decent.' Awesome job to you!

 

[robster970]

You have no idea how many scratched trades I've had this week ilir so I feel like I am being rewarded for being patient.

@Aversano - on it's own it is just shy of my monthly target but I was 10pts down by Tuesday so another one like that would be very nice.

Have a good weekend boys - see you Monday.

 

[ilir.shkurti]

Short at 9:43, 1140.25, first target just filled, remainder stopped at break even.

 

[ilir.shkurti]

Closed remainder of position two points in the money.

 

[robster970]

I'm still waiting :whistling

 

[ilir.shkurti]

It teased my second target twice before ignoring it completely. Apparent resistance at that level made me nervous, especially in light of my performance last week. I decided to take a weasel's way out and launch the week to a good start.

 

[aversano]

Short at 1139

 

[ilir.shkurti]

You should have your target soon, it's heading your way, it just wanted to play with you a little bit .

 

[aversano]

Yes, it ended up being a good trade. Thanks ilir

 

[robster970]

Just got back to desk to find it closed. 1pt - every little bit helps.

 

[aversano]

Any point is a good point.

 

[richd8980]

Short at 1139

Aversano, what other setups do you play besides the gap fill?
thanks rich

 

[aversano]

pullbacks, breakouts and extremes. All based on price action.

 

[robster970]

Missed todays gap - slightly annoyed with myself for doing so.

 

[aversano]

It happens. things weren't clear. I was hoping for a few lower lows myself.

 

[ilir.shkurti]

Two targets on 9:32 entry at 34.25. Gap closed.

 

[robster970]

I mean I got distracted and got back at 2.40pm which was 10 mins too late to enter !

 

[ilir.shkurti]

Look at that gorgeous gap-closure continuation graph. I have got to get better at trailing extended targets. Today would have been a stress-free 10-pointer to the disciplined with a b/e stop. The possibilities...

Off-topic, market has breached R3. I feel a huge dump coming in the afternoon. I am looking to make a paper play soon. Momentum has saturated

 

[robster970]

Look at that gorgeous gap-closure continuation graph. I have got to get better at trailing extended targets. Today would have been a stress-free 10-pointer to the disciplined with a b/e stop. The possibilities...

I can imagine you rubbing your hands as you say this

 

[ilir.shkurti]

Sorry for going OTT again, my mobile device confirms that I just exited my short at 39.25 from a short entry at 44.25 around the time R3 was breached.