A lot of gap
- Thread starter TTT
- Start date
Not a half bad idea to sit aside on the days like you are describing. I am currently trading off 5 minute chart for NQ. ATR was sky high last couple of days as expected with a VXN of over 28.
So, that means that I can get in on a solid entry, and on the same darn candle get snapped right out of the trade. This is with an initial stop of 20 points (80 ticks).
So, that means that I can get in on a solid entry, and on the same darn candle get snapped right out of the trade. This is with an initial stop of 20 points (80 ticks).
%%
Yes, sometimes. BUT several exceptions;
a]Already long into a large gap up?? Not an auto sell, but could tighten stops unless earnings seem to justify it all day.
b]Good bear moves gap down all week long , so no ,on avoiding that that bear pattern. Most gaps are not so dramatic as PCG, 52 weeks gaps ,could study that turkey.
