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SO what happens with an incompleted gap close from yesterday?

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Electrox
Super Contributor
any experienced gap traders have any insight on this? thx
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8 REPLIES 8
john_1
Super Contributor
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john_1
Super Contributor
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john_1
Super Contributor
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timba
Frequent Contributor
was a bit stuborn, but well worth it....noy surely we can't close two in one day??? i.e. gap left on the 29 may
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Electrox
Super Contributor
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saash
Super Contributor
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venice
Super Contributor
Here is some wisdom if you don't get a complete gap close on the first attempt wait for a test of where the gap begins(remember a gap acts as support/resistance) i.e. 20900 and hence why they close so quick when broken. If on the test of the gap i.e 20900 you break resistance then the gap close is off for now but usually its just a test and an opportunity to add to your position. The statistical chances of a half gap close in our market is small and not worth worrying about. Another thing this close was on from 21400 no chance its going to stop half closed what I'm saying is no need to close your short from 21400 until the gap was closed
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venice
Super Contributor
Oh yes still another to go in fact why not a test of 20000 for good measure.
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