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| peyman20 |
 Posted: Thu Sep 01, 2005 6:23 am Post subject: Setups For Stalking the Market |
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New Poster
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Setups For Stalking the Market
A very high probability setup is based on the observation that when a market closes in the top part of its trading range, it has a strong probability of opening higher. The converse is also true. This is an extremely high-probability setup with 70 to 80 percent reliability for a more extreme opening in the same direction the next day. This could be used for an exit in a trading system, but it also can be used for "Gap Trading".
Another observation is that even though there is a higher probability of the market opening up in the same direction, the probability that it will close in that direction is much lower. In addition, when you have a trending day yesterday, there is an even greater probability of reversal. Free Trading Tip Daily:
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| Benjamin |
| Posted: Thu Sep 01, 2005 6:36 am Post subject: |
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Administrator
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Started off on the wrong foot. Please do not spam the forum.
You may post your promotion in "Advertise Here" once you reach 10 posts. |
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| Grimreaper |
| Posted: Thu Sep 01, 2005 7:14 am Post subject: |
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CFO
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Actually, the advice given was generally accurate  the only thing I can add to it is that when markets get to extremes sometimes the second gap up/down isn't even enough to "get er done!" if the poster has some more info he can share on his subject I'm all ears, on the other hand, the info he posted could be borrowed from n e where, so thanks fo keepin da spamers out Mr. EIA |
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