We've just finished day 2 of the Chicago seminar at MarketDelta, and we have a great group of guys and gals. MarketDelta have been great hosts.
Today we traded the Gap trade, and again showed what a great picture it is to trade. Today the entry was about 10 points from the previous day's close. By being able to capture one of the extremes of the day, and trade it towards that close, we were able to spend the day scaling out of trades and re-loading where we could. This meant that we could carry the maximum position for most of the trade down.
The Gap trade is the first Outside in trade I would suggest that you add to your arsenal, due to it's high win rate and profitability.
Hi Tom
ReplyDeleteThe market hadn't traded up there in quite a while, what did you lean on to get short? The test of the o/n high was outside the keltner, is that where you got short?
rgds. Joe