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Re: Playing the Opening Gap
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What do you mean exactly by the majority of sectors being red or green? I think I know what you mean but maybe you could clarify that. Also what's the value of using SSFs instead of ES or YM (or whatever ) volume. SSF volume is very low so I would have thought ES volume would be a better because it's the grandaddy of volume. |
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Im just posting some of the criteria that I personally use. Each trader should have their own criteria. By premarket SSF, look for any sign of unusual volume. Do you keep track of the average volume of several SSF's? Would you be able to recognize any sign of increase in average volume? If not, you might want to pay attention to it. I also do not understand why you want to look at ES premarket volume to play a gap trade on the YM. Maybe you have other methods that I do not use.
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James Lee
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