Close that gap

M

MacroEvent

Close that gap baby!

the es and er2 are still dropping --- fading the rallies is the best play until this market can put in a solid bottom --- and there is no signs of that yet.


the indexes need to stay out of the red today or we will get more eyes watching the exits. Full rooms with narrow exits can get ugly fast! :D
 
How do we know that we haven't already put in a solid bottom?

The S&P could have bottomed at 1168 on Oct 13. The candlestick pattern on that day was a hammer on good volume (a solid reversal signal).

Since then it's had 3 higher highs and 3 higher lows.
 
Quote from MacroEvent:

Close that gap baby!

the es and er2 are still dropping --- fading the rallies is the best play until this market can put in a solid bottom --- and there is no signs of that yet.


the indexes need to stay out of the red today or we will get more eyes watching the exits. Full rooms with narrow exits can get ugly fast! :D
More...


Which gap please? could you kindly post a chart?

thanks
 
Quote from AMAT:

Which gap please? could you kindly post a chart?

thanks
More...

Not speaking for MacroEvent.

I trade the ES matched to the SP pit session so for me we came within a tick of closing the gap. I shorted the gap up and rode down most of the ride close to the low. I trade gaps almost everyday because that is where I made most of my profits.

Hope that helps.

Good luck and good trading
 

Attachments

Quote from AMAT:

Which gap please? could you kindly post a chart?

thanks
More...



later --- too busy trading :D i trade the gap from the opening run-up to the price just prior to the new releases at 08:30 eastern time --- if there is no early morning news releases then i look for a gap fill of the close area of the previous day {the traditional gap}.

short es again here with a signal at 1193.50 --- short er2 at 634.20
 
Quote from Bsulli:

Not speaking for MacroEvent.

I trade the ES matched to the SP pit session so for me we came within a tick of closing the gap. I shorted the gap up and rode down most of the ride close to the low. I trade gaps almost everyday because that is where I made most of my profits.

Hope that helps.

Good luck and good trading
More...



there is a nice chart ---- thanks! :)
 
Bsulli & MacroEvent:


Thanks for your reply. Very much appreciated.

One stupid question, doesn't ES trade almost 24 hours a day, My AmiBroke charts doesn't show any gap. Are your gapped charts based on 9:30 to 4:00 timeframe or 9:30 to 5:00 please


Happy trading to you both.
 
Quote from Bsulli:

Not speaking for MacroEvent.

I trade the ES matched to the SP pit session /QUOTE]


My apology, Bsulli, on second reading your post, I now know the answer: Pit session

thanks again
More...
 
Quote from AMAT:

Bsulli & MacroEvent:


Thanks for your reply. Very much appreciated.

One stupid question, doesn't ES trade almost 24 hours a day, My AmiBroke charts doesn't show any gap. Are your gapped charts based on 9:30 to 4:00 timeframe or 9:30 to 5:00 please


Happy trading to you both.
More...


my charts are set at 24/7/365 :D

covers at 1191.50 and 631.20 so far ---- possible real good position trade setting up here off that run-up.
 
You must log in or register to reply here.
Back
Top