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Gaps. BP
13 years 2 months ago - 13 years 2 months ago #2278
by remo
It depends on your style of trading.
If you use candlestick , then its filled as thats where the window is.
Normal gap trading then id go for where the price gapped up from ie,the closing price.
So for me id prefer it to totally fill.So in the case of BP not quite filled yet.
Its normally turns at the window or the bottom of a gap.So worth knowing both techniques.
The above is just the way i do it and everyone is different.
If you use candlestick , then its filled as thats where the window is.
Normal gap trading then id go for where the price gapped up from ie,the closing price.
So for me id prefer it to totally fill.So in the case of BP not quite filled yet.
Its normally turns at the window or the bottom of a gap.So worth knowing both techniques.
The above is just the way i do it and everyone is different.
Last edit: 13 years 2 months ago by remo.
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13 years 2 months ago #2277
by longterm_view
Gaps. BP was created by longterm_view
Remo,
Question on gaps please.
When a price comes down to fill a gap does it have to fill all the way or just to the wick?
On BP the price came down to fill the gap, but it stopped on the wick and didn't reach the end of the gap, (purple line where it closed)
dl.dropbox.com/u/21384991/BP%20Plc7.12.h%20%28DFB%29.png
Is this gap filled? It looks like it. Just get confused!
Thanks
Question on gaps please.
When a price comes down to fill a gap does it have to fill all the way or just to the wick?
On BP the price came down to fill the gap, but it stopped on the wick and didn't reach the end of the gap, (purple line where it closed)
dl.dropbox.com/u/21384991/BP%20Plc7.12.h%20%28DFB%29.png
Is this gap filled? It looks like it. Just get confused!
Thanks
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