Hubert Senters here.
Let’s take a look at the market so we’re looking at a 2 minute chart of the Dow. You can use the 5 minute and the 10 minute. I don’t think it really matters what minute you’re going to use or take charge.
Whatever you’re into like half a million different ways to make money and probably a billion ways to lose money in the market. That’s how it’s kind of set-up. But anyway, if you’re into trading index futures or stocks or any of that stuff I think you should learn how to trade gaps.
And what we’re talking about here is this was yesterday. Number one we had a massive uptrend that we’re involved in. And you got a gap down situation like this and there’s a way to figure out if you think that’s a good ideal to buy that and buy that and hold it into the close.
And today, we have the opposite at hand. We had a gap opening. Ticks were very high. And then after we have an open range, a decent short and then you had a half a gap fill which happens according to back testing about 82 percent of the time.
Believe it or not we even had a full gap fill which I didn’t think’s going to happen today. That happens about 62 percent of the time. If you don’t know your gap’s statistics in my opinion you’re at a severe disadvantage when you’re trading the open so you should learn how to do it.
Mark Helweg is going to be doing a special webinar on ‘How to Potentially Profit from Huge Market Moves’ Without Predicting the Direction. It’s going to be Wednesday, June 17th at 8PM EST. I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
