Playing the Opening Gap

[walterw]

	Quote:	Soultrader
	I personally pay close atention to the following SSF's: KLAC, AMAT, NVLS, and MXIM. Some SSF's are traded more actively premarket than the others. I keep an eye of the SSF's that are never active premarket but shows significant increases in volume.

Hi, could someone tell me what SSF stands for ? thanks Walter.

[Blu-Ray]

	Quote:	walterw
	Hi, could someone tell me what SSF stands for ? thanks Walter.

Walter

It stands for Single Stock Futures

Blu-Ray

[walterw]

ok I see, so he looks at the future of that particular stock ?... am I right ?

Soul can you repeat the interpretation with (maybe) a chart example of this ssf pre market volume on a gapping day?.... very nice detail there.... thanks Walter.

[Nick1984]

Extension of your question Walter. How do you choose your stocks for the SSF? I mean do you just pick the biggest movers n shakers which are likely to effect the rest of the market? I'm unfamiliar with the stock codes James pointed out before (Aussie Markets here) if someone could shed some light?

[darthtrader]

i took notes the other day on that CBOT video with KLAC MXIM NVLS AMAT.

playing GAPS-
KLAC MXIM NVLS AMAT
pre market
less than 30k 90% probability gap will fill
30-80k 80% probability gap will fill. 90% probability half the gap will fill
Take half off when half gap fills

80k+ 30% probability gap will fill, use breakway gap signal
10k on ES, 2k on YM
tuesday wed thurs, better odds than mon/friday


i did not quite understand why to look at these 4 stocks but it sounded like an interesting idea.

[Soultrader]

Heres a list of all the SSF's from OneChicago: OneChicago - SSF Listing

[bakrob99]

	Quote:	darthtradar
	i took notes the other day on that CBOT video with KLAC MXIM NVLS AMAT. playing GAPS- KLAC MXIM NVLS AMAT pre market less than 30k 90% probability gap will fill 30-80k 80% probability gap will fill. 90% probability half the gap will fill Take half off when half gap fills 80k+ 30% probability gap will fill, use breakway gap signal 10k on ES, 2k on YM tuesday wed thurs, better odds than mon/friday i did not quite understand why to look at these 4 stocks but it sounded like an interesting idea.

FYI ...
Those are John Carter's Gap Fill rules. They are subject to modification/change over time as the key stocks may change.

[notouch]

I doubt even John Carter is trying to short all the higher opening gaps that appear in this market right now. It's silly to fight a megatrend.

[Soultrader]

	Quote:	notouch
	I doubt even John Carter is trying to short all the higher opening gaps that appear in this market right now. It's silly to fight a megatrend.

I agree. Alot more runaway and breakaway gaps at the moment.

[dalby]

today's gap was AWESOME.

maybe i'm lucky but---

i faded it right down to the pivot then went long. i have noticed on a of gaps, that they will fade at least to some key reference area.

on a lot of these up gaps, you can get a fade at least to that level.

and of course, i agree about TICK (and i use advance decline as well)