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maybe later today something more definite will present itself...

I don't see much conviction on either side ---- the volume is not all that high on the 5 minute bar and the TICK is floating around the -200 ... +400 range

Better today Gap closed as expected I set a reasonable stop covered when the gap filled I thought the market would go lower than than 12,365 -- but the rules say - 'dont play hunches' so a step in the right direction I noticed from the posts on the trading thread that many people...

Hi guys - is the context of this thread any trading strategy on open? or do I misunderstand the thread title?

Having almost got my head handed to me yesterday by not sticking to my own plan - and wisely choosing a day with a 600 point trading range to experiment with pivots.... :-) at any rate I thought long and hard about it last night got back on my plan and made 300 bucks on one trade I'll...

Thanks

so far 3 of the last 4 gaps have filled the same day and the fourth filled a day later that seems like a better ratio than all the books indicate is 50% closing the same day closer to the norm?

So while this gap was open I decided to continue to trade it lucky I got out with my skin -- good educational day another notch in the psychology of ... "Stick with the damn plan!" (attached p/l shows how 'the plan' was not in-fact followed) extra lesson at no additional charge: Dont...

the profits still come home though

YM has been straddling 12K all day an all evening

Possibly 'buy the rumor, sell the news' type of activity?

It was a good learning experience watching this gap fill and a good psychological excercise I did not have the discipline to hang on to see it fill completely -- but I did make some money

My pleasure!

Ok Reaver Here it is ---- its called the 'Community Accomodation Combo' http://localism.com/article/158146/Another-1-Financing-Program-Available-The Note the key features 60% DTI 620 Mid Score BK or foreclosure OK (yeap thats right OK!) No reserve requirement watcha...

......as they all ponder their next move... :-)

2 cents from a newbie ok, a cent and a half if it turns, how about it does so between 12132 and 12179 and if it drops back below 12132 sell it short for a few hundred bucks

10:54 -- so on this try maybe we will peek over the top of 11,975?

Good contrarian indicator maybe? Personally I can't figure it out

So I made the trade in at 11663 to fade the opening gap up It wasnt so hard after all :-)

TOS filled my order in a split second on market open