[bakrob99]

Originally Posted by 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]

Originally Posted by 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)