The other way I have thought about doing it would be using financial spread betting and only trading stocks with reasonable margins that have good volatility and a low float.
I think it's more effective if you watch the first 1 min candle then if the following 1 min candle heads in the direction of the gap I will buy or short depending on which way the gap is. If it doesn't I would leave it alone.
Think this is most effective however the problem is having to...
Thanks for the help. Predicting the direction of the hardest thing to do, and if we know where that is going then there will be a way to trade it profitably and consistently. Probably just need about 8 computer screen around me at the one time.
If use financial spread betting this won't be an issue, the only thing is the margin if you keep this tight then it will be profitable a high percentage of the time.
I have recently discovered a profitable trading strategy involving opening morning gaps. However the strategy to be profitable means you need to trade the gap almost instantly at the open.
The thing that makes this hard is that I mite be looking at the pre market trading and assume a stock...