Wednesday, March 31, 2010

Gap Fill At Open With a Small Gain

Gap fill long at open. Used old method of advancing stop to plus 3 ticks over break even. Not a good idea in this volatile open especially when I am very convinced of the NASDAQ 100 futures contract price rising to fill the gap.

I ended up getting only the stop advance when NQM10 rose up to fill gap solidly.

Included the NASDAQ 100 futures contract tick chart here as well to show the volatility and how the price made 3 really solid attempts to fill the gap each making higher lows and higher highs before pulling back. Very nice moves, very poor management on my part.

See later posts for a good exit I just made.

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