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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (7326)	10/27/1998 9:19:00 PM
From: SE	Read Replies (1) of 44573

Tom, I have printed out some charts, eyeballed what you have said, put down some numbers and it does appear to me that you could do quite nicely playing your gap strategy as you suggested. In fact, if you plan the entry as better than simply the open, you could do very well. It does appear however, that one must play with stops in place cause on many days the gap will run in the direction of the gap for up to half a day...yet I only looked at the last couple of months which are clearly somewhat abberational. In the past month such a strategy would have produced a +18 on the SPOOs. That includes one day that got away and produced a -28 loser and a second day that was -7. It did not include any days the gap was in the direction of the prior two day trend. Trend was a eyeball thing. Obviously to be more exact would require some better data and definitions... I would love to have the open, high, low, close data of the near month contracts going back a couple years to play with this. If anyone has this in ASCII format that would be willing to send it to me, please PMail me. Thanks! -Scott

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