Gap

[#1]

Wonder if/when this gap will be closed - or will it be one of the 20% that isn't?

[#2]

no need to wonder....just be positioned right when it does and dont jump the gun...it may or it may not...

[#3]

Trading the probabilities only, and did a lot of reflection after being stopped out on the DOW last night (fortunately had a tight stop) so no hasty moves today. Last night's move on the DOW is a lesson/reminder for all traders: anything can happen at any time, and, of course (although one should not need reminding of this: always use your stops, which must be set before you even enter the trade).

[Mr_Gold]

Chartist is this the same gap/window you made the video about. Can you please give as the web address again

[john_1]

Chartist this gap is diffrent me thinks as it is a gap on a tecnical break, move up- or am I thinking to much do you think.

[cfm]

Don't think. React. Gap is being closed.

[john_1]

Amazing, just turned on my intraday and see it! Now I owe 2 beers.

[SimonPB]

an cfm is correct. trading is less abotu thinking, more about responding to the price.

[cfm]

Ok, this is it for me for the week. Gap in play. Meeting to go to. Sold my long for a 40% profit this week. Enjoy the rest of the day and weekend.

[john_1]

Morning Simon, True that mate, I think I should be drinking more in an attept to numb the brain as it keeps getting in the way.

[SimonPB]

john, exactly.

[john_1]

Thank God its friday, unfortunatly all I can afford to drink this week is the beer in the draught catch tray from behind the back door of the pub thanks to AMS

[CE]

Mind to spare a mug there J-man ?

[john_1]

always welcome CE.

[CE]

Cheers bro, will pay you back one day when I get it right.

[john_1]

You seem to be doing great mate. Whats wrong? ps did you see my post regarding the topdwm vs topdwn

[CE]

Been up and down with the waves bro, need to spend more time on this ! (and stick to basics) Post - no, did not see it.

[john_1]

Basically To trade the N means you have to make 70 point to cover the spread with M you only have to make 30 points to cover the spread, that is in and out of the trade, so it is always better to trade the M even if it is more costly it is actually cheaper. the reason is the spread is fixed at 4c despite the trading price 4c of R6 is much less than 4c of R3.

[#19]

I am not sure how this will play out ...one thing is for sure....if someone like Simon can be moved to irrational exuberance like he did with his declaration that this is going to be a good day for the longs there is a good chance the gap will be closed quite firmly....too many people long means there are no new buyers and when too many people are positioned long and we see the fade it means so many more that will need to sell....

[Zirk]

Closing? Wonder how a positive Dow (futures up 23) will affect this later