I've also wondered what the worst liquidity gap could be in a really strong move. I've seen .50+ gaps on the release of the Wed inventory report, meaning a stop order would be filled at least .50 worse than expected.
I've been day trading CL live for close to 4 years now and never encountered...
With regard to the ES (S&P), price broke the range low last Thursday and that made the 50-day EMA the key dip to buy. If you bought the range low last Thursday, would your system implement a very tight stop loss or a wide one beyond the 50-day EMA? If I transported my day trading methodologies...
My personal experience is that if a key level from a daily chart is "in play", a trend day is likely. Check out key levels on a daily chart, levels such as trend lines, 20- and 50-day EMAs, and price turn levels (the price at which a previous day's high or low breaks in the opposite direction of...
By "openings" do you mean the relationship between one day's close and the next day's open? Or do you mean how to trade off the first N minutes of price action?
If you're interested in the first concept, you want books on trading gaps; if the second concept, you want books on price action...
In early 2008, I'd never even logged into my retirement accounts though they'd been around for over a decade. My husband bought dividend stocks back in the day and that was that. The accounts grew over time, but there was a lot of chatter in 2007 that a big crash was coming due to the mortgage...
He's doing something quite atypical: learning to trade price action without gimmicks. If he masters price action trading, he'll have methods he can apply to any liquid instrument under various market conditions.
I took that trade, too, and changed my target from .62 to .63 to .64 and back to .62 after I put on the trade, LOL! The .62 was a key level for two reasons on the 60-min chart and the PA lately has been retracing pretty good off every key level.
My hedge fund is able and willing to meet these requests in toto pending a revised demonstration of his models' excellent R:R in a way that allows us to evaluate it properly.
Please have Sir TJ post five consecutive trades at least 2 minutes in advance of price reaching the trade entry prices...
Corporations suck greedily from the teats of government and somehow manage to remove the teats from their mouths long enough to complain about Big Government any time their milk supply is threatened.
I'm a volunteer tutor and the schools have become a massive profit feedlot for textbook...
It ran against me at first, but buyers stepped in solidly at the LTL I had drawn from earlier, so I held it instead of scratching it. I'd like to thank ET for keeping me occupied while price consolidated for ever and a day.