Short 1 ES 1313.0, -1.25
Short 1 TF 826.0, +1.0
Long 1 YM 12446, -0
Short 2 NQ 2382.5, 2383.5, -0, -1.0
Short 2 TF 827.5, 823.3, -0.1, -0.3
Long 1 TF 826.5, -0.6
Long 1 TF 826.1, -0.6
Long 1 TF 825.3, +1.1
Long 1 TF 823.1, +0.7
Short 1 TF 830.7, -0.4
Short 1 TF 831.7, -0.6
Short 3 TF 832.4, 832.9, 932.6, -0, +.6, +.9
Total ES -1.25
Total YM -0
Total NQ -1.0
Total TF +1.7
Many traders participate in what's commonly referred to as the 'Gap Close' play. That is, they expect when the market gaps up or down to fade that action anticipating price to return to the previous day's Close. There are many triggers for this trade, but most entries come with price reversal after 5 or 10 minutes have elapsed. Using futures instead of stocks, I find the 'Gap Close' trade inconsistent at best. Instead, I look for a full structured move in the wave patterns that appear with data starting at 9:30am, regardless of whether it trades
back in the direction of the gap, or trades with that gap direction. Serial Sequent is a wave analysis method unlike that of Elliott Wave, and is the single most accurate way to determine potential reversals I've ever encountered.
