"...........still working on my initial stop (mental or mechanical) once I place the trade on gappers......anyone wanna share some techniques? Right now it is based on the average range of the 1 minute bars, but that can be tricky. Luc"
For Gap Downs...
You can use 1, 5, 10, 15, 30 or 60 minute low.
If after minute 1, the price is lower than the 1 minute low, cut loss.
If after minute 5, the price is lower than the 5 minute low, cut loss.
If after minute 10, the price is lower than the 10 minute low, cut loss.
Thanks Avery. Fading gaps have been profitable....thanks again for the filters / displays. Anyone else on "stop" methods for gappers? ....always looking to squeeze another few pennies out of a good strategy. Luc
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