Wednesday, May 6, 2009

E-Mini Opening Gap Fade

5 minute chart

(Double Click Picture for a Larger View)
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Stock:E MINI ES
Entry Bar: 1 at open
Entry Green Line: 912 short
Stop Red Line: 918
Result: out gap fill 904

Notes: Lots of resistance at the open. 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. Weak market and gave way to a nice gap fill.

* 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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