Wednesday, April 22, 2009

E-Mini Opening Gap Fade

5 Minute Chart - SSO proshares Ultra S&P 500

(Double Click Picture for a Larger View)
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Stock:SSO Gap Fill
Entry Bar: 1
Entry Green Line:22.03
Stop Red Line: 21.70
Result: Gap Fill (8 points on the emini)
22.48 SSO
Notes: I like to split my gap fades between the emini and SSO/SDS (pro shares ultra 2x the S&P 500) Again Master the Gap gives probabilities for gaps closing every day. I use these probabilities and other indicators to determine if I will fade a gap.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

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