ES Journal - 2019/2020

[Buy1Sell2]

I'll be away from computer the rest of the day------Prediction is we pullback perhaps to a cash gap fill at 2718 , perhaps not and then we have a strong push up into the closing. --Talk to you soon---

 

[Pekelo]

I'm not sure why you think it does.

I never said it does. I don't even count a smaller than 3 pts a gap. But you are sidestepping the issue, what is your incorrect definition.

 

[NQurious]

Long 32, stop 25, target 37

 

[NQurious]

Gaps are calculated from highs to lows, not from close to open.

Never heard that one before now. Every discussion of gaps I have ever heard or participated in measures the gap from cash close to cash open. You can define your terms anyway you wish, imo. But you should be aware that you might want to point that out when discussing gaps because anyone you are speaking with likely understands a gap the same way as the rest of the trading world does.

 

[NQurious]

Long 32, stop 25, target 37

Out +5

 

[vanzandt]

Here comes the 200 Day.

 

[NQurious]

And I should also say, that gaps are highly overrated.

Gaps provide information that can be invaluable if one appreciates it, imo.

 

[NQurious]

Out +5

Misunderestimated the strength that would be behind that leg ... short squeeze to 44 on deck is likely, imo.

 

[speedo]

Gaps provide information that can be invaluable if one appreciates it, imo.

Yep, they offer S/R and ultimately like to be filled...good to know where they are and how they behave.

 

[NQurious]

Misunderestimated the strength that would be behind that leg ... short squeeze to 44 on deck is likely, imo.

Doubtful we see any substantial pullback before 67 trades, whether today or later this week ... in my opinion, of course.