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how many trade "gap ups" ?
- Thread starter Warrior4g
- Start date
Gaps seem to be a popular subject here on ET the last several days. I did a video on my approach to them about 2 years ago, and little has changed. If you'd like to watch it, you can find it at www.brandonfredrickson.com/gaps.html
Brandon
Brandon
If it's bull$hit news, SELL SELL SELL. Though RIMM's news is not B$. Right off the open it will sell off 3pts, then BUY BUY BUY.
Quote from Warrior4g:
i don't mean blindly buying becaue the futures are up,i mean buying an individual stock that gaps up a few points based on earnings or other significant news. RIMM today for example? if so,what is yout strategy,buy the open,wait for a pull back ect..?
Gaps nearly always produce a "gap play"... but there is no one way to play them. There are basically 3 different gap plays with a variation on each. Learn those, then you still have to "figure it out on the fly" as to what is correct for the current gap.
Quote from Warrior4g:
i don't mean blindly buying becaue the futures are up,i mean buying an individual stock that gaps up a few points based on earnings or other significant news. RIMM today for example? if so,what is yout strategy,buy the open,wait for a pull back ect..?
You will not get a single credible answer from these seat of the pants day scalpers. They will not give you anything. Please read
BULKOWSKI'S " How to trade chart patterns" available on amazon. His books are your desk top references.
Quote from Brandonf:
Gaps seem to be a popular subject here on ET the last several days. I did a video on my approach to them about 2 years ago, and little has changed. If you'd like to watch it, you can find it at www.brandonfredrickson.com/gaps.html
Brandon
Brandon,
Have you seen any effects from all the gray/black boxes? I would think these would make it more likely to fade the initial gap.
I learned my style of trading gaps from traderX's blog. He stopped posting 8 months ago but the blog is still up just start at the beginning and go through the whole blog you can learn a solid way to trade. There are usually at least 3 to 4 good gaps a day most days that you can use his style of trades on. I have 3 to 1 win to loss ratio using his techniques.
Sempiternal
Sempiternal