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  1. V

    ES Gap Fill Daily Journal July 2010

    stopped. at entry decided to use a 6 pt stop. Did not alter it during the trade. Trade was very long in duration. Market was like a helium balloon today, kept getting batted down, and rising. Looking forward to tomorrow.
  2. V

    ES Gap Fill Daily Journal July 2010

    Data qualifies for today and is supportive of a gap fill (trade is 1086.25). No more news, should open around this area. I will take this with 2 contracts and a 5.5 pt stop. I would prefer a larger stop and may straddle this trade if it goes against. (move stop on half to 4.5 pts and 6.5 on...
  3. V

    ES Gap Fill Daily Journal July 2010

    Had a massive computer crash today, ended up making the trade from my iphone using iTWS's version of book trader. It was a very small gap, data was supportive and the market moved into the size I can trade right at the open. Stop was 6 points, 2 contracts. A few notes on iTWS, you...
  4. V

    ES Gap Fill Daily Journal July 2010

    no trade, opened .75 from 4:15 settle. I won't trade gaps smaller than 1 pt. have a good weekend all!
  5. V

    ES Gap Fill Daily Journal July 2010

    Looks like no trade today or a very small gap, mkt is very flat. Both up gap or down gaps within 2 pts I will take with a 6.75 pt stop. If market looks slow, I'm cutting out of here in time for an early lunch.
  6. V

    ES Gap Fill Daily Journal July 2010

    From Scott Andrews, @ master the gap. I am not sure of the exact duration but if I remember correctly, it's ES, and 7 yrs data. Though may have been SPY & 12 yrs. One note; this is not his trading plan. It's mine. Nor his particular style or usage of the data and in no way reflects on...
  7. V

    ES Gap Fill Daily Journal July 2010

    Took the trade today, data was marginally good (exactly on my minimum number). Since this was the day after a unfilled gap, there was a 80-85% this gap would fill by end of day (though not necessarily with my stop) Stop 7 pts. Front ran the fill by a tick in order to get filled when 59.25...
  8. V

    ES Gap Fill Daily Journal July 2010

    Stopped today, -7.5 pts ES. Less than ideal fill, however obviously made no difference. Short covering + buy program = range expansion north. I can't imagine having a retirement fund and being on that doorstep or past it and watching my quarterlies. Unhealthy market. Data for...
  9. V

    ES Gap Fill Daily Journal July 2010

    Data looks good for both up gaps and down gaps. I am taking this trade. We closed the nice size gap during GLOBEX and it looks like we will open flat. No big surprise there. My stop will be 7.5 pts (30 ticks) today. My tgt with be the ES settle @ 1024.25. I will front run this by 1...
  10. V

    ES Gap Fill Daily Journal July 2010

    I would have been stopped on this trade, so it is a success that I did not take it. As with any gap fill system, it is also preferable for the gap to *not* fill. Which did not happen today. Anecdotally, we've seen this perhaps 5 (or more times) since June (start of summer doldrums for...
  11. V

    ES Gap Fill Daily Journal July 2010

    No trade for me today. The data isn't supportive. (current trade 1029.25). I will consider this trade if market opens below 1026 even, with a 6.75 pt stop. Target 1014.50. 2 contracts (half size). I very rarely vary my entry size. It's either a good trade or bad trade for me, that fits...
  12. V

    ES Gap Fill Daily Journal July 2010

    System: Trade the ES Gap with core edge being Master the Gap daily gap fill data. Secondary edges are trend analysis on daily interval, Fibonacci's and anecdotal opinions. Size: 3-6 contracts. Broker: IB Platform: NinjaTrader 6.5, BracketTrader backup Charts: ThinkOrSwim, backup...
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