Now the groupies will rush back in with the no brainer up day.......look how great we did today...........my parrot told me to buy all day.........monday and tuesday were filled with silence from the chat room boys............they both were great also.........quit looking and begging for help........do your homework.........quit tr ying to steal others'. VOLENTE. how is the es going very well i hope........best wishes JM how are y ou doing? same wishe s for you ....we will talk soon I hope...I really like you guys and know you will be successful traders if not already...........
For anyone that cares..... heres the GAP stats for the last 3 months. (9:30AM - 4:15PM........ 15+ pts) NOV Gap Ups, % filled ... 80% Gap Downs, % filled... 100% DEC Gap Ups, % filled... 78% Gap Downs... ( none) JAN Gap ups, % filled ... 60% Gap Downs, % filled ... 24%
today was a gap up and it didn't fill...right? went short YM at 10787, stop 20 pts, looking for a fill at 10767...got stopped out.... ES filled(almost plus one tick?)...so my question is ...if ES gap fills do i assume that YM will also... if ES fills do i ignore the YM gap play and assume that it is filled..or do i play for it to fill. and vice versa...
I dont know anything about ES.... i did notice that YM opened just above its daily pivot point, while ES opened below it.... taking about an hour before breaking above it and joining the YM in the rally. Normally they correlate.... hard to say which one leads... BUT.... if the YM is basing side ways, while ES is trading down, filling the gap.... when ES begins to rally up after gap fill, i would not expect YM fill but to take off at that time.....not fill the gap........ since it was showing relative strength.
PORGIE DON'T GET IT.......THE LONGER TIME FRAME THE CHART........THE SMOOTHER THE PICTURE............ISN'T IT ALL ABOUT THE PICTURE, VOL? THE BIGGER PICTURE? TODAY WAS UP ALL DAY..............NOBODY CHANGED THE CHANNEL ALL DAY.........SAME PICTURE THE ENTIRE DAY ...........TODAY WAS PURTY STUFF............ALL DAY.........PICTURE PERFECT.......UNLESS MICRO ZOOMING IN TRADING...........ZOOM OUT.........NOT IN.....SMOOTHING IS SOOTHING.......TAKE A DEEP BREATH SOMETIMES AND WHEN IT IS DOWN SELL WHEN IT IS UP BUY......IT IS THE TREND
I usually don't short gap ups when there was sell off the day before, they seem to fill faster when they occur after an up day.
LILDUCK ther e are key words tha t trip us up........might........probably.........if .......potential.........maybe......looks like........coulda shoulda woulda.......chances ae are.......and many ohter others..........i still get tripped up by such thiings......once we zero in on a system that works enough to give us enormous confidence to trade the same signals over and over like a monkey see monkey do thingie, then times are much better for the trader at that level........... losing money is the only real bad t hing that can happen to a trader.....of course some say oh, that is good to learn what we did wrong.......if u don't know every possible thing that can go wrong, then experience is not seasoned enough to trade real money if u want to grow it that is not to say one won't succeed while still losing too much, just saying losign is bad........emotional damage results....like touching something real hot, pain....emotional pain does the same it says don't do that again....so when u don't know when u will feel feel pain you won't enter the trade........to avoid the pain for sure.......getting there takes super effort and time...........not throwing money at the market........recipe for disaster..........demo unil u feel confident........trade 1 contract until u r correct more than not ......and the nots being minor losses..........YM gives 8 pts almost every move with trend at all minimum.........good start..........gives net' don't try to be the points hero, be the big contracts guy...........gradually learn to extend the points..........Breakeven is winning as long as u don't breakeven every time and that is still better than losing............happy tradin g forever lil duckling