Trading the Gaps

[robster970]

You don't get a 9pt gap for no reason. Emotion doesn't move 9pts. Fundamentals move 9pts outside RTH.

 

[ilir.shkurti]

Short 37 @9:33, first target just filled, stop moved to break even.

 

[ilir.shkurti]

Second target filled, 34

 

[robster970]

I got stopped out - stop was too tight

 

[ilir.shkurti]

Long 07.25 at 9:31, first target filled, stop moved to entry

 

[ilir.shkurti]

Second target filled. This is quick!! I started posting about entry when heard the chime of first target, now second.

 

[ranjha]

goodjob Shkurti

 

[ilir.shkurti]

Thanks, Ranjha!

 

[robster970]

2pts bagged as well.

 

[robster970]

Gap too big today - Monday jump. Don't trust it.

 

[ilir.shkurti]

Monday or not, i am already in short at 99, since 9:09am

 

[robster970]

Monday or not, i am already in short at 99, since 9:09am

I think you'll get something but I would be surprised if the gap filled today.

 

[ilir.shkurti]

First target filled, price moved to entry

 

[ilir.shkurti]

Second target filled

 

[robster970]

Good work my friend

 

[ilir.shkurti]

Thanks

 

[ilir.shkurti]

Believe me, it is hard to jump in when all the common sense in my head tells me I should not try to fade this gap. In all likelihood it will not close, but I still have to trade. I trade for scraps, and little numbers become big ones only if I trade consistently.

 

[ilir.shkurti]

What do you know, gap closed.

 

[robster970]

What do you know, gap closed.

I just saw!! Just goes to show how little I know.

 

[ilir.shkurti]

It is never about knowing in the markets, i think. Educated guesses, more like it, paired with a solid plan for both outcomes.