newscalper wrote:BB - I know. And I reiterate I know.
I've also seen the article before, seen the film, read the book
Tell me where it is in Seiden's philosophy to trade into (i.e. fade) the gap? Does he not say that it is a novice way to trade? Am I saying to fade the gap or do the complete opposite????? These are rhetorical questions
Which way was price moving on that chart prior to the gap? Is it at the start or end of a move? These are rhetorical questions.
Price move up, gap down at start of move = ??? Supply? This is a rhetorical question.
There's also a HUGE difference between a gap that occurs midweek and one when your charting starts on a Sunday.
Board members at Kreslik. Please don't start talking down to me again LOL. Only a few weeks ago half of you were still trying to trade momo bars back to front (as I was) so please...don't.
Sorry, I write a LOT of rhetorical questions and I don't think, a lot of the time, people on here read them as such.
Dude you should relax a little...
No-one is talking down at you... Gaps generally get filled... it's what they do.
At least in my observations of the various pairs and crosses... generally if price doesn't fill in a gap you would find that it had filled in a gap on a cross pair... I agree completely with your statement regarding supply and price moving in a certain direction...
But if you think about it in terms of momo... what is a gap, but momo?
So we trade the mighty zone or zline of that momo... case in point the EJ...
I am by no means chewing you out, I'm just trying to help... heaven knows I get hammered with the best of them... but that's this game... it teaches you to get tough and learn from your mistakes...
I really like losing because I know that it's a lesson bringing me closer to a fuller realization of how sentiment moves the market...that realization will aid me in overcoming repetition...
I think Einstein said that the definition of madness is doing the same thing and expecting a different result...