It is a popular thing in many trade rooms to fade gaps on various triggers sometime after the opening. This trader has never found that play consistent. In fact, the early attempts to closing the gap, if any, are usually opportunities to trade in the gap's direction. In fact, in today's market action, we called a buy in the TF just lower than price actually fell to initially, but were left unfilled before prices exploded back upward into the day's bull trend. This left us shorting the first full structured moves in the Dow and Russell mini futures for small, counter-trend gains. Other buy opps came later in the day after our more narrow 1st time frame trading window. Come join us in the free chat room to follow these trades as they are called.
Trade Summary
20120326
Short 2 YM 13148, 13148, +7, -1
Short 2 TF 842.2, +.7, +1.3
Total YM +6
Total TF +2.0
