Playing the Saddam Gap

[riskarb]

http://www.monkeymatters.com/trellix/rally_monkey.htm

 

[AMT4SWA]

Started to enter ES SHORTS at 1086, my first layers (scale in price levels). I will ADD more at 1089 if we hit this area in the overnight session, and then I will wait for the market open tomorrow to enter more layers during any possible push out of the open. The ES open this evening was a bit lower then I had expected...will see what happens tomorrow.

Chris

 

[PoundTheRock]

Quote from hardrightedge:

Upside Gap N Trap stats last 6 months for Monday openings (QQQ):

6/02 TRAP
7/07 No Trap
7/14 No Trap
8/18 No Trap
9/02 No Trap
10/13 No Trap
11/03 No Trap
11/24 No Trap
12/01 No Trap

The stats make sense because Monday is (1) usually bullish
and (2) usually not a reversal day

Looks like the ole "pattern cycle" is off. Oh well, there's always books and video.

 

[hardrightedge]

Pound,

You're right. Statistics just get in the way of the usual keyboard vomiting around here.

 

[Nolan-Vinny-Sam]

Quote from PoundTheRock:



Looks like the ole "pattern cycle" is off. Oh well, there's always books and video.

Yup. GAP n TRAP was it