Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Hi dirt. I don’t like to criticize anyone’s religion. If you believe in gaps and they work for you, who am I to try to convert you. But I wonder if anyone keeps a record of unfilled gaps, and what happens when a month expires? Do you use only continuous charts to look at gaps? I remember when gold was the standard and the price was pegged at 35.00. Then the US went off the standard and Comex kicked off their futures contract. The market opened at 200.00, dropped to 199.00 and never saw that level again. Some gap! Or maybe it’s a chasm and it doesn’t count. That’s the only gap that I know and I tell you I never once paid attention to them. And if someone tells me there’s a gap 20 cents above current price and tells me it has to be filled but can’t say when, honestly, I laugh. Someday I’m sure it will be filled but it’s not because of an technical event but because the market happens to pass through that level. Good trading.