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what? no magic or magnetism!!!!!!!!
In Response To: Gaps (marwillim) ()

https://www.elitetrader.com/et/threads/do-gaps-always-get-filled.60072/
http://www.futuresmag.com/2008/11/17/gartley%E2%80%99s-gap-theory-explained
https://www.investopedia.com/articles/active-trading/030215/effective-gap-management-your-trading-strategy.asp
https://optimusfutures.com/tradeblog/archives/trade-price-gap-patterns/

"""I read somewhere pit traders like to fill gaps to screw retail traders piling on at the opening"""

""I'm not sure about pit traders but I was a market maker for awhile and we used to try and close out every gap we could when the situation presented itself"""

""" i play every gap for a certain position size, and all i go for is 1 point in the ES. my hit rate is very high so i will always play the gap fill {i just do not wait for the gap to actually fill --- i just capture some part of the "attempt"}"""

"""I don't believe gaps are ever 'closed', rather they're an additional formation/pattern that may or may not have value to the trader. Noting how the price interacts with gaps they're an important formation for me, creating S/R levels and a 'vacuum' that on occasion 'causes' an acceleration of the price up or down through the gap"""

Messages In This Thread

Gaps (marwillim)
Re: Gaps (marwillim)
what? no magic or magnetism!!!!!!!!
no magic or magnetism!!!!!!!!
Not someone to emulate...
Re: Not someone to emulate...(dirt)
Re: Not someone to emulate...(dirt)
Re: Not someone to emulate...(dirt)
Re: Not someone to emulate...(dirt)
Re: Not someone to emulate...(Nagual)
Re: Not someone to emulate...(Nagual)
Re: what? no magic or magnetism!!!!!!!!
Might coffee GAP UP, tomorrow?!?