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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (10390)	4/28/2003 3:52:25 PM
From: the-phoenix	Respond to of 11288

Good stuff, Brandon. Thanks for taking the time to post that here.

To: Brandon who wrote (10390)	4/28/2003 6:17:36 PM
From: jt47319	Respond to of 11288

I read in one of the trader’s magazines just recently, I forget which one, that did a study on gaps. Now, they recommended that they best time to fade the gap is at 9:36AM EST (when the majority of reversal move begins thereby giving room for it trend away from the gap and then start the snap back to the gap) if its still open and to close out by 10AM (roughly). I think their studies showed that if it hasn’t filled by then, that the probability of it filling are less likely. Have you run a study like that, Brandon? Initiate a gap fade play at 9:36AM and have stops determined by time, profit objective (the closing of the gap), and max acceptable risk. Do you think that this will increase the risk to reward ratio and increasing probability of success?